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

[brotherwood12]

they can know about you  and your life i think , that system make us not secure and dont have privacy , and the bitcoin / cryptocurrency system is solution for that

[GangNamSK]

What I absolutely don't like about banks is that they use customers money to do their business and use it for lending without customers agreeing to that and there is no kind of transparency or whatsoever.

We know it but we can not do anything about it. Because they have the government to intervene in the same place. Chains are related to each other to be profitable.
In this event, the people are the most disadvantaged. Their bank only obeyed government orders, and they received only a small percentage of the transactions. However, it is no longer important because electronic money can replace them in the future.

[Sheentaide]

credit score card fraud is an exceptionally (to pressure), small proportion of general credit card transactions. the cardissuing entities all offer 0 fraud legal responsibility, even on debit cards. There are tens of millions of transactions every day and fraud loss simply isn't really worth developing, and assisting, an additional authentication layer that faces the patron.

[Impulseboy]

What I do not like about banks is when they charge high interest rates. I know someone whose credit card's interest rate is at 25%. That is way too high. Sadly he is still paying for it. I also do  not get how some banks freeze your account when you are trying to withdraw a specific amount of money. It is your money, why are they trying to hold it against you?

[Epimetheus]

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

Banks are under control of government. So the very first reason is  privacy. Bank doesn't provide as much as privacy like bitcoin or any other decentralised currency. For any transaction you have to give your full information to the bank but in case of cryptocurrency that doesn't required. Transaction through bank are time taken and slow and some time their are so many paper work need for  a single transaction. Bank also charge high transaction cost for money transaction and because of these above things i don't like bank.

[cryptocurrencyguru]

Till date banks are controlling people money in the form of charges for giving us charges now we got bitcoin which is permission and borderless currency

[shield132]

To be fair I don't like current situation. Despite the fact that technology has progress and it's easier to pay with visa/master card, a lot of people have almost all of their funds on bank accounts. Yeah, you may say it's safe and I agree too, it's more unlikely to happen anything bad but imagine one day banks decided to freeze everyone's accounts? This will cause a chaos. For this reason we have to own paper money and bitcoin too because no one can do anything against our coins.

[Escf4]

If you put your money in the bank ,I can say that it is safety because bank deposits are insured , if their is a bankrupt of the company the insurance will pay your deposited money, Today banks are very little gain or interest, you are just putting your money in a vault with a very slow movement of interest, this is a bank deposit.

[21BTC100ETH]

The banks usually have a way of deducting money from customers account without the customer even knowing. At times they also impose certain charges on you, leaving you without choice than to admit. It is sometimes a very bad experience and feeling.

[flying_bit]

Here in the Philippines, banks totally sucks. Service is aweful, making you wait while falling inline as if you're in gradeschool and the teller not that friendly unless your "regulars" and a lot of unauthorized online transaction from people hard earned savings and most of them are overseas worker. You will see complaints everywhere losing their money and waiting for the banks to resolve the issue.

This is actually why I think cryptocurrency will be good for us, bank can no longer monopolize financial transaction and they will do and try their best to improve service and security because of competition and us people will surely benefit from this.

[Bonsaiav]

Indeed the bank's a community money robber institution sheltering under the umbrella of the law, they are very freely pressing their customers by imposing a limit on the amount, when we withdraw funds, not even hesitate to punish its customers when withdrawing very large funds.
The presence of the cryptocurrency in this century, really provides enormous benefits, besides giving changes to one's economy towards a better direction, he also opened our eyes to the collapse of the banking system which was pioneered by the government

[bombie1]

Banks are ungrateful to the people they use their hard earned money to give loans and earn huge profits on them.They just keep your money value but will never make you rich.Banks will never make their customers rich but continue to keep them below that level so that they will continue to use their money to enrich themselves.

[pinoyden]

Banks are ungrateful to the people they use their hard earned money to give loans and earn huge profits on them.They just keep your money value but will never make you rich.Banks will never make their customers rich but continue to keep them below that level so that they will continue to use their money to enrich themselves.

of course bank wont make you rich because banks are not for investing but rather banks are only for storage purposes in order to have a greater security for your hard earned money . you can also get a loans from banks which make them pretty useful in times of hardship.

Overall , banks are not to be fear because they cant interfere the success of cryptos . infact banks will even help out crypto to stand out and to become more credible to the public .

[Sled]

Banks are ungrateful to the people they use their hard earned money to give loans and earn huge profits on them.They just keep your money value but will never make you rich.Banks will never make their customers rich but continue to keep them below that level so that they will continue to use their money to enrich themselves.

of course bank wont make you rich because banks are not for investing but rather banks are only for storage purposes in order to have a greater security for your hard earned money . you can also get a loans from banks which make them pretty useful in times of hardship.

Overall , banks are not to be fear because they cant interfere the success of cryptos . infact banks will even help out crypto to stand out and to become more credible to the public .

If the banks will adapt the blockchain technology of the cryptocurrency then that is when they are going to help the cryptocurrencies to stand out in the market or in the internet because people will get attracted in investing in cryptocurrency but as they are not yet accepting it then there is no help that is going on between banks and cryptocurrency.

[Karmakid]

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

It is really hard to trust banks these days because some banks can't keep our savings and earnings safe. We need to undergo a lot of process first before withrawing a big amount as well but we couldn't gain a high profit through investing or saving in banks.

[yonjitsu]

Even if banks are making my money secure in their hands, i am still skeptical about them getting bankrupt because that is really the case of some entities. IMO, with me getting only a little interest of my savings, they are also indulging the money that i deposited on them in return of the security given to my money.

[AndreaPhillips]

In addition to controlling my money, my transactions will also be public outward, which I feel is not safe. Regarding Bitcoin, any of my purchases will not be public out because it suits the blockchain technology, anonymizing all users to use them.

[BorisVirla]

Banks are not that cause distrust.  They are more angered by the fact that we do not understand anything, what happens to our money.

[jademacoy]

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

Actually i never dislikes this banks doing business with them. I do really like to have involve or get with their service because it is so convenient not to hold huge money in our very own pocket or to keep it within the house especially there are many possible reasons why you should not keep your money in your own house instead deposit it in the banks. This will be more secured than keeping it on our own will.

[magmar]

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

As a matter of fact I never despises this banks working with them. I do extremely jump at the chance to have include or get with their administration since it is so advantageous not to hold tremendous cash in our own special pocket or to keep it inside the house particularly there are numerous conceivable reasons why you ought not keep your cash in your own home rather store it in the banks.