Then where should we invest our money then?

I'm sorry but I have to disagree with you saying that the banking system will become obsolete. They have been in existence for several centuries now so I doubt that they will just vanished from the face of the earth. All I say that maybe down the line, we can all get together. Why not take advantage of both worlds?

As for the OP, I have similar thread complaining how I'm totally disappointed opening a bank account. Too many questions and what really irritates me is the way they asked me and my wife where are the source of our income. I totally walk away from that bank and went straight away to the next bank, unfortunately I got the same f**** treatment. I totally give up went home and never going to open up a bank account anytime soon.