Do you trust banks?

[beebella]

I trust banks

I don't trust banks

I don't know if I should trust banks or not

Another opinion/Results

[krsterne5280]

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.

[JustiReno]

You trust Credit Suisse? 😭

[krsterne5280]

Well it's better than my bank, so why not?

[JustiReno]

Drugs dealers keep it 💯

[Kaneki05]

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]

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]

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]

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]

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]

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]

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]

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]

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

[bolverk]

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'.

[Friendlybro79]

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.

[animesenpai]

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]

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]

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]

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]

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]

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

[Joker_]

very nice

[GoodGuyBreakingBad]

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]

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]

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]

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

[Guffrus]

You must really shop around, my bank actively tries to leave me with a bleeding asshole each month.

It's possible that this plan is called 'shut your fucking mouth bitch' but that may just be their attitude to my enquiry.

[Exterminatore]

@both of you

😂😂😂😂😂😂😂😂😂😂😂😂

[DizzyDesii]

Hardly but i trust them more than a credit card

[Msputiton]

Yes and no.

I trust them to an extent.