Do you trust banks?

Question

Do you trust banks?

krsterne5280 · Accepted Answer

I don't trust banks or any institutions at all, unless you're in Switzerland, Liechtenstein, etc.
I wouldn't trust any banks at all, since if you're a target of a corrupt politicians who wanted to destroy you. You might get your wealth confiscated by a corrupt politicians.
Currently in my country, an athlete lost around $2,000 worth of savings or so. And the bank wouldn't take responsibility, the same thing happened to my bank account. And the bank wouldn't want to helped me or do anything, so I lost my trust in banks these days. I've lost my trust towards everything.
If I had money, I might wanna save things in gold rather than cash. And I would only put less cash in bank accounts due to fears of my money being confiscated, ever since 2020 3 different banks have confiscated 30% of my mother's and my money every month. And they take that, and put fake transactions that I've never even purchased in the first place. And if I wanted to sue them, it'll take years or more before it could even been done. And then the required documents are just hideously full of labour, a photo copy of your birth certificate, other ceritificates, stamp, etc. And not to mentioned hiring a lawyer could cost you fortune, so I decided to save my money in other currencies for a while. Because I just don't trust banks these days. And I could lose more money putting my money in the banks than putting saving my money in a foreign currency.

Kaneki05 · Accepted Answer

I trust them but what I don't trust is the government who will do something that is "here's a extra twenty every week on Universal credit" then turns around weeks later saying "hey will need that money back now" at what point did I ask for this extra 20 if it was just loan. But I couldn't stop it because it was just added to the system.

Therefore I owed something around £700 at the end of the years after covid since that 20 was supposed to help through covid. This was all thanks to a miscommunication between my benefits claims.
It's not the bank that's the problem it's the ones who put the money in their the first place or those who want it out.

Rosexøxø · Accepted Answer

I mean who pays them.. amirite? 👀😂

But in all seriousness, yeah I trust my bank. It’s the government spending and businesses who provide us with our resources, we need to watch out for. (Simply be mindful). If demand goes up because they can’t be diligent in resource management, etc. then prices would go up and economic issues could ensue. Other spenders (the people you see all around you) affect economies just as much. If the government doesn’t distribute our spending wisely, serious errors could cause need for money to go up, and be directly linked to our money pools. Digital banking can also be a problem because of the strength of our internet stability and security- otherwise banks just perform transactions, and they’re not out to harm you they just want your business. 🤷‍♀️

TransAm85 · Accepted Answer

I mean, if you go w/a newer bank, no. I have been w/BMO Harris for awhile and they sponsor stages at our Summerfest, so I know they're legitimate. Or Associated Bank used to be First Financial which has been around since I was born. But I think the oldest bank is Wells Fargo? Don't mess w/these new banks though..

NYCQuestions1976 · Answer

I can't definitively state "trust" or "distrust", so I guess it's a mix of A and C for me. I'd call it "trust enough". Any time there are people handling trillions of dollars in private, business, and government transactions (especially electronically), it's perfectly reasonable to have a healthy skepticism. We wouldn't need the FDIC if banks (specifically bankers and investors) were 100% trustable 100% of the time. Examples of "unhealthy skepticism" would be hiding your money in your walls or hiding it like buried treasure.

Fuentes · Answer

I trust banks to hold 1 million dollars why because the interest you could get back for maintain a million is like 8-10k a month and that's a regular start out good salary for moat good jobs in California. Imagine you would never have to work again if you just maintained 1 mill in the bank.

But obviously I would work cause I want more. But anything more NO I don't trust the banks cause in a world emergency they only will cover up to like 200k or 250k that's dumb. Cause they steal the rest lol so all my money going in a safe somewhere that's water and fire proof.

Sour-rose · Answer

No. I'm in two credit unions (I don't know if those are the same buut) but one of them fked me over and have done mistakes that make no sense and when I show it to them, then they can fix it. God forbid I need to eat and the only money i got is on my card on a Sunday. Other one hasn't pissed me off with their service but with their login system... jesus chr-

TrueConfection · Answer

No, that's why I don't bank online. A bank used my tax payer ID to dig up my personal information without my knowledge. I found out when they accidently sent me another customer's info. Their response was, "It's public information," which it is not.

TadCurious · Answer

Bella I trust my bank. It's a statewide bank and doesn't engage in the kind of high stakes gambling that the big Wall Street banks did that led to the financial crisis of 2008-2009 (and for which they got bailed out by the taxpayers) . I've always gotten excellent customer service from my bank.
😊🙋‍♂️

Justneedtokno · Answer

For a big majority of my life I learned from my mother Cash is better. Now that I am handling and managing my own finances I still believe in. Credit cards can be dangerous loans dangerous speedy cash dangerous. But with cash you know what you have and you know what you don’t have

Friendlybro79 · Answer

No one can fully trust an institution where a bad apple (s) could always be representing any brand. I guess the better question is can you trust leaving it under your mattress? No FDIC if it burns in a fire or gets stolen. Bank is lesser of two evil in my opinion.

bolverk · Answer

I do not trust banks, that is why I use a building society, which if you do not know what one of those are, is a mutual financial organisation, much like a credit union, which by law are not allowed to take the financial risks that banks do, like 'sub prime lending'.

animesenpai · Answer

It depends on what aspect of banks you are talking about. Do I trust them to have my money if I need to take it out or use it. Yes...

Do i trust them using the collective deposits of their customers and also creating packaging and selling investment products no

Adam1978 · Answer

No they are doing stuff for themselves not for theirs customers. But it more of a practically, you can't store all your money at home. It's not safe. The chances that you end up not be able to access your money for a long time is so small right now, and in a collapse money will become worthless anyways. So you will be in problem independent of where you have your money.

NathanDavis · Answer

banks yes... bankers, not so much

I'm still with the same bank and office that committed fraud on my accounts, twice... lmfao

the fact that they solved it promptly and twice, gives me some sort of confidence, lol

Exterminatore · Answer

If having a bank account we’re not an absolute necessity I would not even have one. They give me.0000002 percent interest and charge me $50 overdraft fees, which admittedly I have not overdrawn in like 20 years, but it’s not the point. So they take but never give. Screw banks.

Bratsondanielle · Answer

Not too much. We buy land or gold when we have too much money to spare. We think keeping it in the bank inflation will eat it anyway

Texaskid1 · Answer

I have my money safe and sound in the First Bank of @joker_

GoodGuyBreakingBad · Answer

No to be truthful I don't trust banks, I believe they can log into ones account anytime they want to but everyone is entitled to his / her opinion

Andres77 · Answer

USAA is an awesome bank and they have affordable insurance and they are very responsive with insurance claims. This is the only bank I trust.

RationalMale · Answer

What's funny is I was just learning about Bank Bail Ins.

Basically, if your bank has financial trouble, you become an unsecured creditor. So instead of the government bailing it out, the account holders do.

BlacklightShade · Answer

My bank offers a "freedom" plan that will make me an indentured servant.

DizzyDesii · Answer

Hardly but i trust them more than a credit card

Msputiton · Answer

Yes and no. I trust them to an extent.

Bubbles16 · Answer

Nope because I've heard news stories about banks getting robbed and about people losing their credit and debit card information to hackers and being put into a lot of debt

andreasderjuengere · Answer

Bankers are vultures. I avoid them as much as it's possible.

KrisPW · Answer

I trust that they will have my money when I go to withdraw it, but obviously they are going to nickel and dime us to make as much money as they can.

FreyaRed · Answer

I need a bank account for transactions and debet card but I don't trust banks, especially their financial advisers who try to sell their fishy funds.

Anonymous · Answer

They are an unfortunate but unavoidable truth

I don't keep money in the bank given I presently hold 3 accounts that probably share £20 between them

They have my cash long enough to rocessnit then out it comes

JustiReno · Answer

Fuck no I’m not rich wtf BlackRock stated goal is to “Socialize Risk and Privatize Profit” by the way their the ones guiding our economy rn

exitseven · Answer

I sort of trust banks. It is the government I do not trust.

JakeS00 · Answer

To a point but I always ask for proof after everything I do at a bank.

Iron_Man · Answer

I don’t trust as far as making money but I trust that they’re not gonna take my money I would never trust anything out of the USA

genericname85 · Answer

what do you mean "trust"? if they fail, the government rescues them. so i'm not gonna lose my money. of course for investment, i won't take a bank, cause they'll just give me a tiny cut of the money they're making with my investment.

HippieVeganJewslim · Answer

Once my bank stold my debit card with the dough (I think that’s what happened), so I’m getting paranoid.

GreatnessBack · Answer

I trust a bank to take my money and give me a credit for it. Also, to insure my money under a certain amount.  That's all I trust a bank for.

Guardian45 · Answer

Their singular objective is to make money for their shareholders, so if you're NOT one of them, then FU!

Cort67 · Answer

I said I did trust banks but I ought be more specific. I only trust the bank that I currently bank with and they are the only ones that I will bank with. No one else.

jshm2 · Answer

Only drug dealers, fraudsters, tax dodgers, and cons don't trust banks  The rest of us see them as a necessary business.

dophix · Answer

So so..  Don't use banking online coz it's no safe at all!

Anonymous · Answer

With my money, yes. The retail business is regulated carefully. But it's not a nice industry overall. Some of the stories regarding their poor behaviour you get to hear about but many more you just won't.

Shamalien · Answer

In my country they can freeze ur account for having the wrong politicial beliefs

RavVid · Answer

You can be confident in their book keeping but not when they are trying to sell stuff to you.

Quigly · Answer

The same bank you get a mortgage from is the same bank sending your job to a foreign country and sponsoring illegal immigration into the country. They are banking on your failure.

Kasabiian · Answer

No, I do not trust banks. But I do not trust stashing thousands of notes under my mattress either. Banks are the safer option.

love_conquers_lust · Answer

They’re FDIC insured for $100,000 per account here in the US. I’m fine with banks.

loveslongnails · Answer

To a point, but I don't require a lot from them that needs trusting.

MCheetah · Answer

Who TF voted option A?

msc545 · Answer

Trust, but verify unless it is Wells Fargo which one should NEVER trust.

Jltakk · Answer

I don't trust a federal monopoly on the banking system.

petitedollbabee · Answer

I’ve never had any problems with my bank

slatyb · Answer

I trust them more than a box in my apartment..

jengeorge26 · Answer

I trust some banks but not the government

Anonymous · Answer

Huh it has now been proven you can't trust banks after what Canada pulled.

Juxtapose · Answer

They insure up to a quarter of a mil so yeah.

blondfrog · Answer

For the most part yes.

Ihateworking9-5 · Answer

why wouldn't I?

legalboxers · Answer

nope... nope...

dolemite89 · Answer

only with a certain dollar amount

TallAnon · Answer

Fuck no, but they're a neccesity.

Pinay_ako · Answer

Yes mine I trust

Sketti2021 · Answer

C... 😬

Joker_ · Answer

I trust him

spartan55 · Answer

Should I not?

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