This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!
I just did a international wire transfer and the banks cuased me to loose $700 because of how the make a huge 3% margin with the conversion of the money from one country currency to another.Imagine those bankers sitting there in their Jacuzzis relaxing while their computers move money getting $700 or much more from all the people who send money.
D@mn mafia!!
What would you do with $700 for free??
These banks are building the own destruction by robbing people like that.It is very arrogant they should be in jail for theft and fraud.
This is why we need bitcoin!! If I used the ightning network I could have done the transaction for some pennies!
Some banks also collecting too much fees, they will collect fees by thousands. Some banks do not collect more than fees, it is fix charges, even how much you will send to other person. Even when you deposit your money into tha banks if you do not maintain the minimum balance , they will deduct again your deposits . But when you maintain your minimum deposit, the interest is just very small 1 percent. So the banks is only to save your money there with maintaining balance with small interest. Not like in bitcoin, less fees, no deductions and no third party.