And bitcoin has faster transactions than the bank and more secure I guess.
Neh, you're wrong. IMO, bitcoins aren't that secured as compared to bank. Bitcoins, if ever hacked, you loose 'em forever but it isn't the case with the banks.
What are you talking about? Bitcoin is definitely more secure than a bank. If a bank gets robbed, there goes all your money. If a bank gets hacked, there goes all your money. With Bitcoin, you can get a paper wallet and be completely safe.
maybe it is like this where you live. but here when you put your money in a bank as a deposit they should protect it on their own. so it doesn't matter what happens if the bank is robbed or burned to the ground they still have to pay you back.