I am opposing to the statement of the subject.

First of all, there are different kinds of banks. There are rural bans, commercial banks, retail banks etc. People tend to say that you should never trust banks because of the risk. However, if you know how to address and manage the risk you will realize banks are not really a threat to your money.

One basic financial tip I can share is by diversifying your savings in 2 or more banks. As the saying goes, "Do not put your eggs in one basket", you should consider on putting your money to different banks thus minimizing the risk in case of bankruptcy. Speaking of bankruptcy (to banks), it may still sound scary but this happens only to the small banks like rural banks in the provinces. Which is why if you are depositing a big sum of money, the only choice you have are the known, established and leading banks in your country. Because these big banks will not go down easily even if a world financial crisis happens.

The point is, yes there are risks on putting your money in banks, but still they are still worth to trust. All you need is basic financial knowledge on managing your fund and minimizing risks. The choice of your banks to  consider is very important. Remember to choose those who already have a reputable names and has been established for a long time already.