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Author Topic: You should never trust banks  (Read 60140 times)
emerejames
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April 19, 2018, 04:28:06 PM
 #1461

If you have a valid account with bank they cannot close your account without your consent, even if you stop your transactions for a long time your account can only go dormant. If you want to campaign against bank, it shouldn't be this way because 99% of people here have bank account and we all know how bank operate, so if you have a personal problem with your bank go and solve it.
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yanimkurniawan
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April 21, 2018, 11:47:38 AM
 #1462

my opinion is not true if I do not trust the bank, for me the bank and bitcoin are equally good that we need, if I think in terms of income I will still choose bitcoin.
Ramtapsbtc
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April 21, 2018, 11:57:04 AM
 #1463

My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

I believe in my bank and in my opinion we still need banks. Banks do not close accounts that are active. There are incidents that banks are hacked but the money was trace and was return to the owners.
BitcoinTurk
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April 21, 2018, 12:21:59 PM
 #1464

My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

I agree, never trust any bank. The mistakes that employees will make, the economic crises banks may experience, or the worst-case scenario, the banking of the banks, is all your accumulation. Also, in the event of banking, you can not even have the slightest chance of getting your money. In my country, this happened twice before, and many families have suffered severe losses in the financial direction.
lordmick
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April 21, 2018, 07:14:54 PM
 #1465

Of course we can not trust any bank, because banks simply uses us to make us and our dengue. Centralized money management opens up a huge space for incredible fraud. And that's why banks don't like cryptocurrencies.
luckyluigi
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April 21, 2018, 07:21:24 PM
 #1466

In my country, where I live few ivents took place after which some of banks just been closed without returning money to those, who hold it in that banks, so yes.
loraalbert
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April 21, 2018, 07:25:44 PM
 #1467

Yes, it was a pity and it happened in my country. The bank has reformed the bankruptcy rules built into the minutes of legality. It only happens with private banks or affiliates and it certainly does not belong to the nation's central bank. But they close the account and do not pay you the premium or any pays is a bad thing.
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April 21, 2018, 08:27:02 PM
 #1468

In my country, where I live few ivents took place after which some of banks just been closed without returning money to those, who hold it in that banks, so yes.
That is against the law, in our country there is an insurance for our deposit so even if the banks will close
for whatever reason, we are still guarantee we can have our deposit up to the maximum amount insured, that's why for deposits
I trust bank to protect my money.

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April 21, 2018, 10:34:41 PM
 #1469

In my country there are two kinds of banks.
Private ones and public ones. The private banks can close an account if they want to. They don't even have to give you a reason for closing an account.
The public ones can't do that. They are connected to the state and have to open an account for everybody.
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