Another reason banks SUCK!

in #money7 years ago

Your never gonna believe this crap!!! The bank wouldn't accept my FIAT currency today!! True story. And no, it wasn't counterfeit.

I am sure many of you I have had problems in the past taking money out from the bank, but NEVER have I heard of or personally had a problem putting money into the bank! This is so ridiculous. Let me explain.

I live about 45 mins away from my bank and didn't want to run into town today so I gave my parents a few grand to drop into my bank account so I could pick up some more cryptos on this awesome dip. They were running into town anyhow and offered to drop the money at the bank for me so I obviously took them up on their offer, not thinking dropping cash into a bank account would be a problem. Boy was I wrong!

The bankers told my parents they couldn't deposit more than $500 into my account without a holding period (until monday cuz its friday) because the bank is fighting money laundering!?! REALLY? Isn't that the stupidest thing you have ever heard? My mom even pulled out her ID and was telling them that I was her son (same last name) and that they could take a note of that. Well that didn't matter to the bankers, they said if I wanted all the cash available in the account I was gonna have to drive down there and deposit it myself. So I got my in my truck and started the hour and a half round trip to get the rest of MY FIAT CURRENCY into MY bank account. How stupid!

Lets be honest, the people who are actually doing the money laundering aren't doing it with a few thousand dollars in a family members account! No, it is the banks that are doing the money laundering, it's the casino's and big businesses, it's not my 60 year old retired parents who are willing to show their IDs! This world just boggles my mind.

I was obviously upset by this all and couldn't help to think how stupid our banking system truly is! I am constantly having issues with getting my money from banks. I either have to pay an ATM charge to get at my money (and I can barely take more than $200 out without even more fees) or I have to go to their building on their hours which are extremely inconvenient if you work a 9-5 like many people do. They are now also charging you fees if you don't keep a certain amount of your money in their bank? They make you wait days on any check that you deposit, even if you have been working for the same employer for years upon years and never had a bounced check? How come Walmart can cash it immediately but not a bank?

Oh, I almost forgot to mention I also recently had my identity stolen because of terrible policies by banks and lending companies, I'm sure you have heard of the equifax hack, well I got my credit stolen in that and it took me months to clean it up and the whole time I felt like they were blaming me even though it was completely their fault! Infact, I've waited nearly 3 months and they still haven't returned the funds that were stolen out of my account!! Every time I call they say there is an ongoing investigation, which apparently means I'm on the hook for their dumb mistake of keeping all of our information together in one centralized location.

So I get to the bank, fill out my bank slip and bring it to the front cashier and get this, they accepted it without looking at my ID! Great security in stopping all those money launderers!?!?! I had to tell them how stupid their policy was, ofcourse, but no one cared.

Truth is that the banking system is garbage and I personally can't wait till it fails! They have been robbing the people blind for so long (with fractional reserve banking policies) and nobody could do anything about it! Well not anymore, now we have a way around their dumb system whether they like it or not. Cryptos will completely change all of that, and I personally think it can't happen soon enough.

So from here on out, I am going to do my best to not use banks anymore. Unfortunately I can't always get around it, but hopefully sooner rather than later that will all change and the whole world will be running on cryptos!!

Let the revolution begin!

"Peace, love and all that hippie shit"


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Truth is that the banking system is garbage and I personally can't wait till it fails! They have been robbing the people blind for so long (with fractional reserve banking policies) and nobody could do anything about it! Well not anymore, now we have a way around their dumb system whether they like it or not. Cryptos will completely change all of that, and I personally think it can't happen soon enough.

ME, TOO!! Amen!

Glad were on the same page here too 😉

Wow what a big PITA!!! I was treated like some criminal when I cashed in some silver for the down payment on my house. It was insane!! They first acted like I was a drug dealer or something. Then thought I stole the silver, then thought the company I sold the silver to was some sort of scam business or something. It took weeks to prove myself innocent of all their allegations. This system is crap, it’s a total rape job!!

Thats the shit im talking about! They are the criminals but since they are in a suit and tie and work on wallstreet nobody sees it that way. The whole system is broken and like you said a "rape job"! I honestly couldn't have come up with a better term!! im giving you a full upvote for that creativity! lol.. thanks for understanding my pain!
take care friend
following

Try withdrawing over 10k. That’s a whole different can of worms there. I want cash, not a cashiers check, nothing else I want MY money. It took them a week to come up with it. Along with the full body cavity search. Dah ha ha J/K. But it sure felt like that was the next step.
I can’t imagine how many people this happens to but they just think, “oh well, that’s just how it is.”
Ya it’s crap!! It’s MY money not yours.

I returned the favor😉

voted + resteemed

Believe it or not, because of our bad economic situation in Suriname, none of the banks accept USD bills or Euros with any kind of mark or cut. Like even a small dent is enough. I mean, like bills you could put in a vending machine and they would take it straight away. Even worse, you actually have to pay the bank for them to accept your Euro's, as a fee against you guest it... money laundering.

Yeah, all fiat currency is a huge mess and full of money laundering, but not from us people, from them! They like to point at bitcoin and call it currency for drug dealers and money launderers, lol! I have never laundered money but i have bought a lot of drugs and never even once with bitcoin! Lol..

voted + resteemed

thanks bro! hope all is well by you.

hi bro, yes, it is, but i take some heart medication makes me dizzy and sleepy, so, i slept for several hous, and this is also good, as my power (physical and stee too) will increase.
do you believe that since yesterda night i di not eat anything, it is 26 hours, only water.
i must reduce my weight , it is now 138 kg
it should be 110 kg
ihhhhhhh

Believe it or not fasting is amazingly healthy for you! I fast atleast twice a month for 24-48 hours to keep my body in peak physical condition. I know it is draining to not eat, and u feel like garbage the day after.. but after that u will feel unstoppable! ;)

Lol.. that's a good one.

Yeah ain't that some shit.. I tried to deposit cash into a friends bank account at Chase bank... they wouldn't take it.. check or money order only

WTF is going on that we can't spend our money the way we want to when we want to!?! Its legal US tender! Why is it so hard to move around? Its bullshit!

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Thank you so much! I appreciate all the help and extra exposure you give me. You have really made me feel like part of the community and i cant thank you enough😆

The banks are as crooked as a dogs hind leg, there policy is to get people to just deal in digits, book entries. Once they have everyone frustrated to the point that no one even wants to carry fiat and exchange it in everyday transactions the banks will have us right where they want us fully dependent on them so they get their cut.
Crypto is a major threat to the banks, I look forward to the day I can say adios to fiat & bankers.

Ha, i couldnt of put it better myself! I look forward to that day as well.. hopefully it comes sooner rather than later!

I feel your pain when dealing with banks. Multiple times I've had my debit or credit card decline because my bank thought there was "odd spending" occurring. First of all, why aren't they calling or sending me a text so I can in fact confirm this. Secondly, what's considered odd spending?! And then there is the situation like you dealt with. Sometimes they make it difficult to pull your money out as well. Glad you got to vent about it a bit, lol.

Oh yeah, that shit is terrible. My friends had problems like that constantly too.. sucks u had to deal with that, but atleast we have an option to get away from banks now! 😎

That is one of the most ridiculous stories I've heard. Usually, they can't wait to get their grubby fingers on all the cash they can get. If that isn't a huge testimony into why we need crypto, I dunno what is!

#steemitbloggers

Right! Out with the old, in with the new!

I agree! What a pain in the a$&! Yeah, the ones breaking financial rules tend not to be the ones that suffer from the new policy enforcement. Stupid... Great share, hate it was a hassle.

Right! Fuckin assholes! lol.. As mad as I am about the whole situation all it really did was push me harder into cryptos.. because of this stupid little mistake US bank (and company) will now be loosing over $60,000 dollars of money they could've used to borrow against! With the way the fractional reserve banking system is set up that means they are gonna loose almost a million dollars in lending power when I pull out my money. I call that stupid business practices! Not like they will notice or care, but atleast ill sleep better at night knowing I am in complete control of my money now! It was definitely a wake up call.

Preach it brother! This is going to cause some ripples in the swamp...

Oh, I have banks too. I have heard a saying somewhere: "every bank will lend you money provided that you proove that you don't need it..." It's true I guess...

Lol, such a true saying! When i really needed a loan for my first home it was nearly impossible to get even tho i had decent credit and a steady job. Now im jobless and about to be homeless (selling my home) and dont need one, i get huge credit offers daily! Lol, makes perfect sence?!?!? NOT

LOL
It's bizarre... but this is how banks work... I hate them