saudibull- We are using the word "Bank" in our name because a bank traditionally provides financial services.  Of course, this is not a traditional bank: instead of money, it holds Bitcoins, and instead of someone else holding them, YOU get to hold them yourself, in a way far more secure than in any traditional bank.  It seems that you and others simply have a negative knee-jerk reaction to the word bank...but it doesn't matter at all what it is called, but what it DOES.  It allows anyone to have sole control over the Private Keys for their unhackable Paper Vault, to never need to download or run any special Bitcoin software, and to be able to spend their Bitcoins from any Internet-enabled device in the world.

For this security and convenience, yes, we charge a very small fee of either .0005 or .0001 BTC depending on the action - and many transactions are free!  Even the Bitcoin peer-to-peer network charges a .0005 BTC fee.

Just like Mt. Gox charges fees for its Bitcoin service...but Mt. Gox never give YOU control of your Private Keys.
Just like Bitfloor (when it was running) charged fees for its service...and never gave you control of your Private Keys.
Just like BTC-e charges for its service...and never gave you control of your Private Keys.
(And the list goes on and on....)

But, unlike them, if we are ever hacked the Bitcoins in your Paper Vault are NOT lost!  Paper Vaults are simply unhackable.

So, if you don't want to use our service, you are free not to.  Those who do, however, will enjoy the convenience and absolute security.