Banks have money but they don't cooperate

[Mate2237]

Bank is a business institution and not a charity organization so if you want to take cash in the bank, you have to follow the procedures and those procedures will not guaranteed you to collect the money. And your friend has to meet of the criteria of the bank to take the money. Since you are talking about investment with the money then, your friend needs to present a collateral for them to give the money that he requested so that if in case he could not pay back the money then they will seize the asset.

And as I said Bank is not guaranteed place to get loan even though they have the money because they also check the time frame of the loan if it will be favourable for them for the transaction.

[Roggeredek]

Banks work on the basis of fulfilling their needs if the bank does not make a profit they will never benefit the customer. It is not a charitable organization that will help anyone for free banks will give more opportunities to those who will get more profit. Because bank officials also give more importance to shareholders as owners interest of depositors is not their priority.

[Kavelj22]

On point, sometimes no matter how emergency the situation is, it is still possible that the requests are denied, so you should always have a back up plan. One of the things I noticed, if you are a credit card user and you have a good credit history with them, they quickly approve a bank loan or cash advance loan, especially if you have documents to submit as collateral, but if no, let's not expect to be approved because even if we say it's a bank, they follow processes and there's also a background check that's done for safety purposes.

The bank is a party that is very careful in checking every document from its customers and also from people who want to lend them money. So it is not wrong for them to do this before they give a loan in the form of money to anyone and those who have the most potential to give it are people who have an unproblematic credit history and people who have the best assets as collateral. But if, for example, I myself needed money, I wouldn't immediately approach the bank because that wouldn't make it easier for me to get out of the debt they owed me through a loan. So I will look for other ways to get money to solve the problems I face.

Although borrowing from banks is considered one of the worst options, the entire financial system is designed so that there are not multiple options for obtaining a loan with reasonable interest. Even lending institutions operate on the same mechanism as banks and do not bear any risk with the borrower, especially with regard to investment loans.
Almost all banking institutions in all countries of the world operate according to this system, and therefore it is logical that these institutions support policies that fight any change that might happen to affect their privileges. We know that the major banks control government policies and operate according to systems that make it difficult for any country to bear the collapse of any of them. Therefore, it is not surprising that there are any calls to change this system or at least amend it after it has been proven that it mainly serves the interests of banks and not individuals.

[Zoomic]

I can recall numbers of times people have walked up to me begging for loans for an unrealistic business. "There's this business idea I'm working on, I know something huge is coming ". The interesting part is that the expectations of these borrowers are in most cases not met. Yea banks have money but this statement alone is not just enough for anyone to lend money to a stranger. Anyone whether fraudulent or not can walk into the bank and lay same claims. Banks are business people, no business man would want to risk his money where he will lose it eventually. You should be able to convince the bank with a good business plan and a collateral to back it up or you sell off your properties so you can raise money to invest since you are so sure the business will yield huge returns.

While you are bothered about the banks being stingy, I am concerned about you and many others taking loans to invest in things that gives no 100% guarantee. Banks ain't granting that loan because they do not see good potentials in your investment plan. You too, be sure of your investment plan so you do not get yourself in serious debts.

[lixer]

A bank is an institution, even if there is a lot of money in the bank, it is not the bank's own money, all the money belongs to the common people, because of which the bank cannot always use that money for any purpose even if it wants to. Banks only store people's money.

I certainly respect your opinion. It is very easy for common people to understand that banks are the custodians and carriers of money deposited by common people, and banks cannot do whatever they want with that money because there are many rules and regulations. I certainly respect the rules. But in my country, many cases of bank fraud are often seen. Now there may be a question that bank fraud can happen in the context of my country but not in other countries of the world. In answer I will say that since young entrepreneurs in my country face many problems in raising money for business, I have brought up the issue of bank fraud. So if this aspect can be managed honestly then these new young entrepreneurs will get good benefits and the economic infrastructure of the country will be very strong.

Anything invented by humans has two aspects, benefits and harms. There is nothing free from harm. While banks have their advantages, they also have disadvantages and these cannot be ignored it is also true that if you work honestly, any sector and any place is not that risky, but frauds and frauds are there, especially in banks, I don't know which country you are in. but this fraud has become very common in our country nowadays especially fake calls ATM hacking and bank account hacking due to which many people have lost their money.

Another big problem is the tax on the loans taken from banks. To set up a good business, tax-free loans should be applied, and the security system of banks should be strengthened so that the people's trust in the banks is not lost and it is useful for the people and not the cause of loss of the huge amount of people.

[MissNonFall9]

A bank is an institution, even if there is a lot of money in the bank, it is not the bank's own money, all the money belongs to the common people, because of which the bank cannot always use that money for any purpose even if it wants to. Banks only store people's money.

I certainly respect your opinion. It is very easy for common people to understand that banks are the custodians and carriers of money deposited by common people, and banks cannot do whatever they want with that money because there are many rules and regulations. I certainly respect the rules. But in my country, many cases of bank fraud are often seen. Now there may be a question that bank fraud can happen in the context of my country but not in other countries of the world. In answer I will say that since young entrepreneurs in my country face many problems in raising money for business, I have brought up the issue of bank fraud. So if this aspect can be managed honestly then these new young entrepreneurs will get good benefits and the economic infrastructure of the country will be very strong.

Anything invented by humans has two aspects, benefits and harms. There is nothing free from harm. While banks have their advantages, they also have disadvantages and these cannot be ignored it is also true that if you work honestly, any sector and any place is not that risky, but frauds and frauds are there, especially in banks, I don't know which country you are in. but this fraud has become very common in our country nowadays especially fake calls ATM hacking and bank account hacking due to which many people have lost their money.

Another big problem is the tax on the loans taken from banks. To set up a good business, tax-free loans should be applied, and the security system of banks should be strengthened so that the people's trust in the banks is not lost and it is useful for the people and not the cause of loss of the huge amount of people.

Yes mate it is absolutely right that everything in the world exists like a coin. But based on our needs we have to accept those things which have less harmful side and more benefit or need. Such incidents often happen in my country, from ATM hacking to bank account hacking and even theft of bank money through bank officials. Since nowadays we cannot stay away from the activities of banks if the banking sectors can be made more useful by strengthening security, it will definitely be good for the economy of the country.