Problems with banks you have faced

[DennyPen]

Banks may block or freeze your account if the operation seems to be "suspicious." Banks also can even steal some money from you under any pretext. That's why "decentalized btc" is needed.

[1715198194]

1715198194

[1715198194]

1715198194

[1715198194]

1715198194

[1715198194]

1715198194

[1715198194]

1715198194

[Golftech]

I was simply blocked by my account and it took two weeks to restore it. with crypto-currency and bitcoin this would never happen

Before I also faced same incidents, having some issue with banks transactions to the point that account being freeze and needs to have a good
explanations and proofs, if bitcoin exist back then it might not happen as I can directly send my funds to a remittance center and withdraw my
balanse without having any problem and keep my money inside my wallets without using any banks.

[anitaraymonds]

One of the issues I have had with my local bank is extortion. In my country money, you have in the bank will be diminishing instead of growing even when you are not withdrawing from such money. This is as a result of deductions from the account which is done monthly. Can you imagine where you are charged for SMS to your phone from the bank, or what they called stamp duty which is withdrawn monthly. There suppose to be an interest earned by the money in your account that will never be added.

[holtzmann]

I have recently learned about hidden fees bank charges when you open an account. They are small and considered to be a protection fee. But adding up a lot of such small fees can amount to a significant sum of money. The most revolting thing is that these fees are optional, but banks intentionally make them hidden and don’t let you know that you don’t need to pay them.

[seoincorporation]

Once i lost my debit card, when i went to the bank for a new one they make me sign a payment for an insurance, and after they make me sign the payment for my new debit card, i was like 'wtf, i already sign that' and they say, nop, you sign for an insurance. in that moment things get nasty. I was just in fire... 'You mother fuckers, every day calling to my phone to sell your fucking insurance, and now you make me sign it with lies!' Then the manager comes to calm me down, but i give him two options or he cancel that insurance or he cancel my accounts and gives me my money. He takes the first option.

[Jigsawman082076]

Well, in my own experiences the most biggest problem we faced by using banks is the small percentage of its growth when we put our money in the bank and its increase would consume a lot of time and it is not profitable in our side in the long run so I would rather choose to invest it in bitcoin rather than depositing it in the bank.

[xp.rie]

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

the real problem is, banks manage fiat currencies, and bitcoin or crypto are virutal currencies and that are not recognized by banks.
so this is actually the problem for now before banks adopt the blockchain and each country has its own crypto

[messito]

my money abroad is transferred for a very long time and this is a very big problem. I think that there would be no such problems with cryptocurrency

[BD Money365]

There are many problem I have faced in bank transaction process. At first time schedule,sometimes I need to transfer my tk very short time but bank can't give it in short time. Than if I transfer my tk from one state to another state than bank ask many question I think that is irritating for me. This type of problem continuous faced through bank.

[Rob768]

For example, if you want to send money from one bank to another you will pay 3% (in my country). In crypto you pay fix some dollars. If you want to send big amount you will save enough money.

[Blanca_Gregory]

When you get accidentally charged off a website or something and it takes days/weeks before it reflects back on your account IF they approved your request. Plus the waiting game when someone sends you money, or you sending money to someone. Like seriously. What the heck is up with that?!

[kokobaba880]

For me the big problem is the banks documentation and the transfer time for money while it is some time very urgent for me to send some money but here in the banks we have many problems which i have not seen in the crypto market and blockchain technology have changed many things, In preen time banks policies are so rigid and for a new person it is very hesitating who have new to banks but crypto is an open source to every one.

[FunGate]

I actually just made an international bank transfer last week to a friend for website development and he has yet to receive the funds due to processing delay. Also had to pay some bank fees.

Their transaction verification procedure is also time-consuming and inefficient.

[Knabu]

For a long period of time crypto companies have had to operate in uncertain markets when storing company funds, this uncertainty stems from banks unrelenting assaults towards companies related to cryptocurrencies or just by having ”Bit” in their name. These assaults are executed in a form of  commercial bank account denials or simply freezing accounts without prior warning or notification.

These kind of actions create an enormous amounts of unnecessary stress to the company leaders and employees whose work gets disrupted by denying them ,what we consider to be a basic right, a safe and trusted way to store company funds.

We are looking to solve this problem for more information please visit: https://www.knabu.me/

[Sobocirevo]

I was simply blocked by my account and it took two weeks to restore it. with crypto-currency and bitcoin this would never happen

The problem with the bank that I faced was when I received a transfer of funds from someone I did not know it was not so long, the funds disappeared again. Being a question, whose fault is this? If you use bitcoin, that won't happen, because sending a bitcoin to the wrong number cannot be canceled. Means the sender bitcoin is lost, and for the recipient of blessings.

[jrrsparkles]

Nowadays all the banks transaction have been digitized but when the bitcoin is not existed we all need to go to banks for making the transactions which causes lot of time waste for us the the behavious of the workers in the banks is really bad when they are from central bank of their government so I only opt for private sector banks were we need to pay more fee and more minimum balance than the regular one.

[CASTIEL05]

One simple example is the requirement of keeping a minimum balance to maintain an active bank account. In my country, if I want to keep an active savings bank account, I will have to maintain a minimum balance of 10,000 INR. If I fail to maintain that amount, bank will deduct charge of 150 INR for each day and that money will be recovered from your bank account.

Lets assume, your account balance is 9,500 INR on 1st November. Bank will deduct 150 INR non-maintenance change from that same account. So on 2nd November, your balance will become 9,350 INR.

So if you want to refill your bank account on 2nd november, you will have to add 650 INR to your bank account! That's an organized loot!! It's your money but bank will not allow you to withdraw it even in case of an emergency!! If you do, you will have to pay charges for withdrawing your own money!

I have lot of other examples available because I used to work in a closely related sector. That's just a teaser for you!

In order for our account to be active in bank, we should have always a balance. That is also a protocol to my country. I want to have ATM card someday because I want to withdraw my earnings in cryptocurrency using bank. However, if there could be a cashless bank and accept cryptocurrency, I will never get a card.

[Blocktopian88]

Financial fraud on internet;line up;terrible experience about reservation service;restricted business time;long and tedious procedure and so on.

[Bitdressa]

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

On the one hand, this is a true statement. But still there are a lot of people who are not ready to answer for the safety of their money and therefore trust their storage to banks or centralized services and exchanges.

maybe for our problem, it can be said to be complicated to see our balance amount in the past which is really complicated because we are still looking for an ATM machine to check our balance at the bank, even though only checking does not take ATM. jammed outside the house.

[sammyp]

A friend of mine got employed just last week and in addition to his certificates and personal records, a bank account was also required. He got to the bank to create an account only to be told that it will take a minimum of 3 days for the account to be ready. That was when I realized that bitcoin accounts and wallets unlike bank accounts can be created instantly at any point.