What don't you like about Banks and Banks controlling your money

[syaripudin]

Which I do not like from banks is. Our account is really transparent. even regular employees who worked at the bank could only see the accounts that we have. Even people who do not understand will get the impact of bad risks. Other than that too big that must be borne by the customers to conduct any transaction. So I think its security is not very secure. If you want me to compare with bitcoin. Certainly very far away. Bitcoin has advantages that can indeed be profitable. In addition to the price that is not too high. Bitcoin also has a very good pitur. One of the pieces owned by bitcoin is a security stick. So when compared with banks today bitcoin is more profitable than the bank

[richardfisk]

in my country, banks are not good and banks always steal people money and there are many ridiculous rules inside which make people crazy. Moreover, banks are supported by the government and therefore, there is no way to get back your money once you lose your money in banks.

[The_Dark_Knight]

I definitely don't like banks controlling my money because banks uses our money for more profit. Just for example you deposit a bulk amount of money just for savings, yearly inflation rate will increase while your money there gaining only an interest lower than the inflation rate.Who's the loser now?

I agree, the value of goods every year increases and when receive money from saving banks, we just loss or take a small profit. And in present, saving bank not better than investing to buy cryptocurrency, more people on the world's can realize that. If not want buy crypto, I will buy Gold for replace saving bank

One way to get out in inflation is to invest, it's not wise to save all our money in the bank because only banks will be benefited more on that as they have the right to use our money in their business which would bring them profit. Think outside the box and see the real situation of the world now, if we do not take a chance to invest we will not gonna get our ultimate goal to have a financial freedom.

Correct leaving your money in a bank is one of the worst things we can do, not only you will get almost nothing, if you get anything, but also you are feeding the system that is enslaving you through debt, it is better to forget about banks as much as you can in your daily life.

[HardCrack]

i don't want the bank to control my money like what my experience when i need to widraw my money it is very hassle for me to widraw on their location especially when the atm machine is offline you need to find more machine that is online to widraw your money, and when emergency you cannot get all your money there is a limit of widrawing of it.

[rjbtc2017]

This may sound funny but here in my country, there is always this kind of phenomenon that when it's pay day all of the ATMs of a certain bank is currently under maintenance that you are forced to cash out on some ATMs with a transaction fee, I this is their way to earn money from members, i really do hate it and this is really suspicious for me that they need to fix all of their ATM when it's payday, it's kinda small for some here, but this is a big issue for me.

[The_Dark_Knight]

in my country, banks are not good and banks always steal people money and there are many ridiculous rules inside which make people crazy. Moreover, banks are supported by the government and therefore, there is no way to get back your money once you lose your money in banks.

This is not only true for your country, this is true for any country of the world, once a bank decides to steal your money there is nothing to do for the average person since you cannot beat them, since they have the best and the most expensive lawyers in the country.

[d1ceplayer]

It is right that bank is secure for keeping your money safely, but it is just a security not a business. If you glad to get interest on your money form bank so it is so least than the outcome of your business whether you invested somewhere in business like investment in bitcoin or in something else. So the conclusion is to circulate the money and earn more money through money.

[raven7886]

It is right that bank is secure for keeping your money safely, but it is just a security not a business. If you glad to get interest on your money form bank so it is so least than the outcome of your business whether you invested somewhere in business like investment in bitcoin or in something else. So the conclusion is to circulate the money and earn more money through money.

But other than gaining interests from bank, I am not finding any big advantages of using bank accounts to have our wealth with them. In this modern era, we are all thinking about having secured and fully privacy assure way of financial system so that we can safeguard ourselves from robber, for example. By considering these and all, I guess leaving off traditional banking system must be the right option for any person who are valuing their freedom the most than anything else.

[pizamoi]

But other than gaining interests from bank, I am not finding any big advantages of using bank accounts to have our wealth with them. In this modern era, we are all thinking about having secured and fully privacy assure way of financial system so that we can safeguard ourselves from robber, for example.

You talk about safeguarding from robbers but that is exactly what banks offer. Even if due to your own negligence someone fraudulently gets money from your account the bank will refund you. There is no digital currency that protects your money better than that.

The main advantage is obviously privacy though, banks do not really offer any form of privacy.

[JonahCallan]

Credit card fraud is an extremely (to stress), small proportion of total credit card transactions. The card issuing entities all offer zero fraud liability, even on debit cards. There are millions of transactions every day and fraud loss just isn't worth developing, and supporting, an additional authentication layer that faces the consumer.

[marjoree]

What I hate about Banks is that it requires a lot of paper! Just to put your money there and withdraw it out soon . I just find it hassle and time consuming especially when you needed it the most and other banks get bankrupt so not everything is safe to deal with

[Gozie51]

I look at banks from its advantages and disadvantages. Banks hold your money and some how people feel secured about that. Meanwhile, what the issue with banks are is that they pay little interest to your huge savings of which that savings would have brought better interest if invested by oneself. Also, most times you get unnecessary and unreasonable alert for deduction which have no meanings. The banks hoodwink and this is because it is a business venture.

[Qartersa]

I agree that banks make money by lending their clients' money to bigger companies, partnerships, individuals, and the like. However, banks too entice its depositors to save their money in banks on the premise that their money is safe and is accumulating interests with continued deposit. Come on, bank is a business. It needs to have profit in order to sustain its cause. It cannot sustain without the usual creditor-debtor relationship between its clients. I see no reason why people discredit banks in that sense.

 

[Gotottack]

Firsty, them deciding what is suspicious and not suspicious

Not everybody is an employee working for someone. Some people are entrepreneurs, and as an entrepreneur, you can have some HUGE days. I don't need a bank telling me that my successful day where i made $20k+ is suspicious if I want to withdraw all of it. (people have been arrested for making large withdraws before).

Also, banks freely allowing their customers to scam business (via chargeback). Instead of blindly chargingback purchases and screwing over merchants, visa applicants should be required to take a course outlining the risks of credit cards, and Visa should do proper investigations when a chargeback is brought up.

If a tracking number and proof of delivery can be proved, why should the customer be given their money back?

ALSO, i recently looked into banking investment options. It comes across as a way to just make more money off customers. Think of it like this. It's like it's just them taking your money so they can invest it in polyniex. I only tried it out cause my family (who doesn't know about bitcoins) encouraged it.

Do you have any gripes about banks

I agree in every sense of your statements with regard the 'suspicious withdrawals' considering it is our own money. But I think what they are doing is just to safe keep and protect its depositors from unusual deposits and/or withdrawals. Since its primary objective is to safe keep its depositors' money, it is its duty to exercise extraordinary diligence in every step of the way in handling accounts. Otherwise stated, it is just exercising its obligations to its clients. Anyway when it is duly proven that the withdrawal is done by the depositor himself/herself, the bank readily approves the same without further questions save for some limitations as set by the Central Bank.   

[Sled]

Banks are good for depositing our money and by taking care of our money but they are not good in terms of interest because they give a very low rate in our money which makes our money worthless because when we deposit our money it will only receive at least 1+% percent of return every year and if the inflation rate in your country is more than 3% then the inflation will eat your money.

[BitcoinCommodor]

Banks are good for depositing our money and by taking care of our money but they are not good in terms of interest because they give a very low rate in our money which makes our money worthless because when we deposit our money it will only receive at least 1+% percent of return every year and if the inflation rate in your country is more than 3% then the inflation will eat your money.

Yeah banks just giving us such a low profit ratio as matter of interest. Whatever you have deposited in banks, yes they will take care of it and will be responsible for this but you don’t know what they are doing with your money. They are making businesses at national and international level and earning huge profits and just give you a very little of it.

[Palider]

Anyone that works at the bank can see all your account information. Monthly fees, atm fees, overdraft fees. Banks suck!

I agree to this post, they will know your private identity. But they need it for security purposes or use it for colaterals. If someone make scam or not paying their loans they will know the information of that customer so they can ban them.

[kkukkugaga]

To be honest, banks are not safe when it comes to investment and saving of money. I don't fully trust banks because employees there can see the user account and the total amount of their money, in short it's not private.

[Protected101]

Some of the bank employee are not trusted ,some of them make some hidden activities that againts the banks rule ,sometimes we cannot fully trust them.They charges so many fees like withdrawals/deposits fees when inter branch,atm charges and anything that they can gave a fees in any transactions.Thats why sometimes I hate to transact in a bank and also their so many paper requirements that needed.

[Harlot]

I don't have any issue when it comes to my transactions regarding money that comes from cryptocurrencies or not with my bank as they only care about their business. My only problem with iut banks in my country is that there is a charge every time I withdraw my money whether it is in the atm or over-the-counter because I don't get the reason why they need to charge us just to withdraw our own money. As if they are not already earning from our deposited money yet.