Chained Money
By cairalyssa
@cairalyssa (1402)
Malaysia
March 23, 2012 2:34pm CST
From what i understand, chained money works like $6 paypal money making method. Its something like u have to send money to others and new comers will send money back to u.
Recently i noticed a program within my country where people have to pay 100 and get members to join and pay, and they make lots of money that way. The different is, they make the payment direct to local bank account.. How does they get away with that? i always tot bank has a policy against chained money?
1 person likes this
7 responses
@cairalyssa (1402)
• Malaysia
27 Mar 12
Yeah, come to think about it, it wud be a fuss for police to press charge on the user because they can give many valids reason to deny. Unlike via online payment gateway where most of activities are easily can be trace..
@yanzalong (18988)
• Indonesia
24 Mar 12
I noticed also that many people tried to use this method by spreading brosures about it. They placed several bank account numbers of those who had follow that programs. It didn't really work as expected, since many people just read brosures not following it.
@cairalyssa (1402)
• Malaysia
24 Mar 12
The method actually work myfb, like how chained money used to work before it was banned, From what i learned chained money can effect economy status of that particular country if its spread. And it will cost inflation too when everyone has money to spend, price will hikes, so what hapen to those who are poor and didnt get to join that type of program.
@SomeCowgirl (32191)
• United States
24 Mar 12
It sounds to me as if a scam anyway. I don't like those "chained money" programs because you never know whether to trust them. The idea is good, but you still lose out, and if no one else sends you money, or if the admin so decides, they could close it down and there goes your money invested.
Here in the USA, some cultures have something of the sort, except that it is more legit and outside of the banks or even internet. You just go to a house amongst friends and one saves the money and you pick a number, once your number is called you get the money. You could the 100th person and thus it'd take 100 cycles before you got your money back. It's a way to save it without spending it.
@yugasini (12893)
• Secunderabad, India
24 Mar 12
hi cairalyssa,
money circulation schemes and chained money schemes will not survive long time, first you fear to invest,but when you know that your known person got huge money,then you lured and entered the scheme,but you do not find any new member to circulate the scheme, the others will be benifitted and you were the looser,so beware of circulation schemes
@magtibaygom (4858)
• Philippines
23 Mar 12
They act individually that's why they usually go unnoticed by the banks in your place. It's like ordinary situations where someone depositing money to someone else's account for some private reasons, pus they do it on small amounts.
@sachinkukale (108)
• Bangalore, India
24 Mar 12
Yes its correct if every members pays some ammount To your bank account then bank can't identify such people as involved in chain money.Pne more thing I don't know banks made such rude policies because if someone is getting money by others that too by doing simple work why don't the bank make such actions under their policy?
@cairalyssa (1402)
• Malaysia
27 Mar 12
I have never read any clause that say my account will be closed immediately if im involved in qny type of chained money actually. I tot bank policy is standardize world wide according to world bank regulation. Excpet swiss bank of coz..
@varier (5685)
• Indonesia
24 Mar 12
Even I ever got a brochure about this similar system. It is also using bank transfer. The only difference is they state that it's kind of "charity" purpose.
You need to donate money to the name that listed in the brochure, remove one of the name, and put your own name. Later you may copy that brochure and spread those.
They said that if you are consider it as charity, then you may get some bigger return.
I laughed so hard as it's not the appropriate way to give charity. It's still a money game - a chained money - and against the spirit of charity itself 
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And yeah, all bank policies against this kind of practice. Just report it, and I think they will get rid of this kind of activities.. 
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And yeah, all bank policies against this kind of practice. Just report it, and I think they will get rid of this kind of activities.. 
@myfb2009 (8296)
• Malaysia
24 Mar 12
Caira, i never and prefer not to put a risk on my money by joining this way of earning. It is always better to stay away from this type of money making method. It is always better to go for a safe way of earning, to avoid complication in the long run.
