Post
Topic
Board Economics
Re: Banks using your money to rich themselfes and profit but you get nothing from it
by
Mate2237
on 02/06/2025, 19:22:03 UTC
More and more restrictions and limits and all things to make you yourself harder to use your own money but banks use your money to make profit you get nothing of this and top on that you Pay them fees.

It's like they gamble with your money and you even pay the. Fees for that.

Banks, imagine you have friend who is gambler you give him to hold money and you pay him fee to hold lol too.

though banks may gamble with customers money or invest in something with customers money, to generate money for themselves to enable them pay their staffs, so those fees you pay are the money banks use to pay their staffs, that why you should ask yourself is this question, how does Banks generate money to pay their staffs?

Banks generate money through services fees, like transactions, account maintenance and wire transfers, they deducted all this service fees from customers accounts in other to pays there staffs

Banks also generate money from loans and investments to enable them pay their staffs, that is to tell you that customers money in the bank are use by the bank to run investments to generate money so after they have made profits they distribute little amount to customers accounts as interest.




Most of the fees that are been deducted from our account are too much because what I see is that banks takes overdue advantage of the customers money because most of the monies that are been deducted from peoples account are illegal and most customers don't know there right as customers because I believe that there are rights that customers have



Banks are making good profit from the money that are been deposited i believe that the work of the central bank of every country is there not only for the monetary policy regulation but one aspect of the functions of the central bank involves protection of customers right