I think banks are also essential in today's time. There are a lot of people who actually takes advantage of other's wealth and so we need something that can secure it. Banks is one of the best options especially those banks who are already well established. And aside from that, banks also has other purpose that consumers can take advantage of. We can get loans from it to get a new car or house. Or even stuff that we can not yet afford through credit cards. However there are charges and interests that will accumulate from this. Also, banks nowadays are really getting in to the digital world. It is now very convenient to send money or pay bills using these mobile banking.

Living without it is possible. This is the case before way back in time. But it is very helpful in today's time and really helped in the progress of the economy so there is no reason why it should be removed. I know a lot of people are also against in using banks but there are people who relay on these as well.