My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you helped the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!
This is why we all support bitcoin.
I don`t trust banks, but unfortunately they are too powerful and sometimes you don`t have choice and
you need their service.
Bitcoin will change all this.
I have heard a lot of bad news regarding those "some of the banks" service. One of them was my relative who works abroad. Working hard for your money and entrust it in the bank, (in fact its one of the popular bank) hoping that it will be safer and had an interest but sadly its all gone. Its so disappointing. Though the bank promise to return the amount lost but I dont think their clients will still have the nerve to trust the bank. Although not all the banks are the same but its better to be more updated regarding with our bank account.