Quote from: Stablexcoin on Today at 01:47:08 PM

Quote from: Agbe on May 09, 2025, 08:11:51 PM

I agree with because banks use the money of their customers in generating profits for them self this is the reason why people should think of investment rather than saving it in a bank because when you save your money in the Bank you are even charged levy so saving in the Bank should not be prioritized over investments because investment will bring value to you back , what sustain banks are the charges that they collect from their customers

Time to know that banks are for short term purposes, the purpose of using bank is for day to day transactions, a place to hold money for a short time, nobody should condemn using bank because we all do make use of it, only problem is for those people who are not aware that banks are not institute to keep your money for a long time, most persons keep working all their lives and all they do with the profits they get is depositing into their banks account, this is a way of making banks richer and one's self to remain same way because inflation will certainly affect the value of all money kept in the bank.

Top bank administrators control lots of investment with people's money, build real estates and make profits. All deposits and collaterals from loans fetch them multiple amount of money. They live a better life, and customers are the ones who suffer. In as much as it's a financial business all their motive is to reap from depositors, and clients.