Do you TRUST your BANKS?

Well, nothing is safe 100% of the time. I just switched banks. The previous bank will charge me a fee each month for not having direct deposit. The thing is that I am self-employed, I cannot have direct deposit. I found a new bank, they don't charge any fees, just as longest you have 20 dollars as the minimum balance in your account. There was a time here, when banks close and people couldn't get their money out because of that many people no longer trust banks, they keep their money at their homes, but your money is not safe, not even in your house, in case of a fire or burglary-- what is one suppose to do.

bro nice discussion but there is not any safe service other than bank .By bank we can store our money easily and without any tension

Could you be referring to Banco Filipino? I do trust my bank though. Apart from that, i have access to view my bank account and the movements on its growth (yes, it grows .01 quarterly hahahah!).

I like my credit union, but do not like my bank. After banking with my bank for over 7 years now they decided to charge a monthly fee which I feel is extremely unfair. This will be tking place as of June 1st. I was told in order to prevent a monthly fee being taken out I must open a savings account an each month 25.00 will be taken out of the checking accout and transferred into the savings account. After the 1st of the month we can withdraw the 25.00. I feel this is dumb because I already have a savings accout with my credit union.

You know what, not many banks really appreciate their long - term customers, and trying to provide the best service they can. For me, I had a bad experience with chase and bank of america. I really want them to know that, there are hundred of banks out there who would appreciate my business. Anyway, with the FDIC, I should give a little confidence on them.

Why not, because I save money in nationalized banks of our country that is India. Being nationalized, the government of India is a guarantor of these banks. So there is no question of any lack of faith in such banks.

I would say that with many of the banks crashing during the credit crunch, I grew a little uneasy and nervous about the money that I've worked long and hard to save, but then I decided that I didn't really have a choice other than keep it under the bed, which would be silly because then it would be worth less and less as the years went by. Then I heard that here in the UK we are protected if a bank goes bust, so I felt a little easier about it, but I think I would probably have a long wait if something did go wrong! _Derek

I do trust the bank that I'm currently with. I haven't really had problems with them. I do feel like the people there are trust worthy. So far, I haven't had any complaints. I do like them.

Hey Vesuvius, I work for a Bank and the Bank I work for I also Bank with them as well lol.. Me personally many banks do going through a lot even Wells Fargos have went through a down fall and they are consider to be growing and Lately I have been thinking that Hey my Bank hasn't been through any problems and I am very happy to say that because that shows that they stand in good ground and our first Q1 we got nearly 1 Billion dollars growth which is great.. I do trust my bank overall and the Plan that they have for customers helps us save money and lately we me and my boyfriend have been saving 1000-1400 a month :) and we can see our money in a High Def and gives us a calendar of what is coming in and out of our account I love it. :)

In India we have any type problem of insecurity with banks whether it is notionalis bank or private bank. Here private banks require to complies stick norms of RBI.

I don't trust them at all, because one of my bank actually charging me service from a monthly basis now. They trying to suck my money dry or something. That's something I need to do. I have to transfer all my money out from there, and close my account. I just don't like the way they charge me like that.

HI! We don't have to worry about that. Every business covered with insurance. So I trust them as everyone's money is insured. We as depositors will be covered, the borrower's notes are sold as assets and the investors/stockholders lose money. It is better to save our money at the banks rather than somewhere else.

We have bank accounts from amongst the most established banks in my country, but we hardly put our savings there. They offer a very low interest that we feel that it is better to invest it somewhere else. We don't usually put our eggs in one basket. We try to diversify our investments rather depend on banks. We usually use their services to pay our bills and loan amortizations.

This is the difference between The Owners and the owned (the Rulers and the slaves): for The Owners know what money really is ... the power to possess that which is possessed by someone else. (Which is why they call 'taking purchased-items back from the buyer' "repossession.")

I bank with a local bank in my community. I trust that they will do the right thing and protect my money. I do have a little in savings but that will be spent soon.

Hi Vesuvius, I only bank with the institutions I trust. I have a long-standing banking relationship with two stable banks in the country and they haven't disappointed me up to this time. I don't get easily swayed by higher interest rates offered by newer or smaller banks, instead I look at the bank's credibility and its ability to withstand economic instability and other changes before bringing my hard earned money to them. I feel that the bigger the bank and longer it has been in the business, the better chance it has to be around even longer. Of course this is not foolproof, but I guess without any other inside information, this is a good basis to start with.

I trust a bank as far as the compensation limit in my country. I do not trust their judgement anymore though. Banks like everyone else these days seems to be out to make a fast buck. Therefore they have had risky investment stratagies. I would also soner invest my money myself as you are only getting a limited amount of return or should I say and average amount of return. One thing for sure though, is that since the banks poor managment of money and the finacial crisis is that the only person paying for a banks mistakes is you and I.

Off course I trust my banks. I think I choose good banks category. They will not go bankrupt easily. Furthermore, our government guarantee every saving in legal banks. If the bank go bankrupt, government will take over it and pay our saving. We have deposit insurance institution so there is no worry to save our money in banks. Moreover, I don't have much money in my account. I prefer to save gold than cash because gold is not influenced by inflation and it is very liquid as well.

I do trust them to some extends! However, since government of canada got rid of high saving accounts from major bank, it doesn't encourage anyone to save! I remember when intrest used to at last 4% and now is way less! Some banks back then used to offer daily saving compounded interesat! It might be safe keeping money in but at what cost!

Erm. This question really ask till ppl mind. I think that bank is depends on its security and it situation. If this two condition seems doubting. I think it is really a big mistake putting such money in the bank. I myself dun trust bank so much as the others do.