Your never gonna believe this crap!!! The bank wouldn't accept my FIAT currency today!! True story. And no, it wasn't counterfeit.
I am sure many of you I have had problems in the past taking money out from the bank, but NEVER have I heard of or personally had a problem putting money into the bank! This is so ridiculous. Let me explain.
I live about 45 mins away from my bank and didn't want to run into town today so I gave my parents a few grand to drop into my bank account so I could pick up some more cryptos on this awesome dip. They were running into town anyhow and offered to drop the money at the bank for me so I obviously took them up on their offer, not thinking dropping cash into a bank account would be a problem. Boy was I wrong!
The bankers told my parents they couldn't deposit more than $500 into my account without a holding period (until monday cuz its friday) because the bank is fighting money laundering!?! REALLY? Isn't that the stupidest thing you have ever heard? My mom even pulled out her ID and was telling them that I was her son (same last name) and that they could take a note of that. Well that didn't matter to the bankers, they said if I wanted all the cash available in the account I was gonna have to drive down there and deposit it myself. So I got my in my truck and started the hour and a half round trip to get the rest of MY FIAT CURRENCY into MY bank account. How stupid!
Lets be honest, the people who are actually doing the money laundering aren't doing it with a few thousand dollars in a family members account! No, it is the banks that are doing the money laundering, it's the casino's and big businesses, it's not my 60 year old retired parents who are willing to show their IDs! This world just boggles my mind.
I was obviously upset by this all and couldn't help to think how stupid our banking system truly is! I am constantly having issues with getting my money from banks. I either have to pay an ATM charge to get at my money (and I can barely take more than $200 out without even more fees) or I have to go to their building on their hours which are extremely inconvenient if you work a 9-5 like many people do. They are now also charging you fees if you don't keep a certain amount of your money in their bank? They make you wait days on any check that you deposit, even if you have been working for the same employer for years upon years and never had a bounced check? How come Walmart can cash it immediately but not a bank?
Oh, I almost forgot to mention I also recently had my identity stolen because of terrible policies by banks and lending companies, I'm sure you have heard of the equifax hack, well I got my credit stolen in that and it took me months to clean it up and the whole time I felt like they were blaming me even though it was completely their fault! Infact, I've waited nearly 3 months and they still haven't returned the funds that were stolen out of my account!! Every time I call they say there is an ongoing investigation, which apparently means I'm on the hook for their dumb mistake of keeping all of our information together in one centralized location.
So I get to the bank, fill out my bank slip and bring it to the front cashier and get this, they accepted it without looking at my ID! Great security in stopping all those money launderers!?!?! I had to tell them how stupid their policy was, ofcourse, but no one cared.
Truth is that the banking system is garbage and I personally can't wait till it fails! They have been robbing the people blind for so long (with fractional reserve banking policies) and nobody could do anything about it! Well not anymore, now we have a way around their dumb system whether they like it or not. Cryptos will completely change all of that, and I personally think it can't happen soon enough.
So from here on out, I am going to do my best to not use banks anymore. Unfortunately I can't always get around it, but hopefully sooner rather than later that will all change and the whole world will be running on cryptos!!
"Peace, love and all that hippie shit"
ME, TOO!! Amen!
Glad were on the same page here too 😉
Wow what a big PITA!!! I was treated like some criminal when I cashed in some silver for the down payment on my house. It was insane!! They first acted like I was a drug dealer or something. Then thought I stole the silver, then thought the company I sold the silver to was some sort of scam business or something. It took weeks to prove myself innocent of all their allegations. This system is crap, it’s a total rape job!!
Thats the shit im talking about! They are the criminals but since they are in a suit and tie and work on wallstreet nobody sees it that way. The whole system is broken and like you said a "rape job"! I honestly couldn't have come up with a better term!! im giving you a full upvote for that creativity! lol.. thanks for understanding my pain!
take care friend
following
Try withdrawing over 10k. That’s a whole different can of worms there. I want cash, not a cashiers check, nothing else I want MY money. It took them a week to come up with it. Along with the full body cavity search. Dah ha ha J/K. But it sure felt like that was the next step.
I can’t imagine how many people this happens to but they just think, “oh well, that’s just how it is.”
Ya it’s crap!! It’s MY money not yours.
I returned the favor😉
voted + resteemed
Believe it or not, because of our bad economic situation in Suriname, none of the banks accept USD bills or Euros with any kind of mark or cut. Like even a small dent is enough. I mean, like bills you could put in a vending machine and they would take it straight away. Even worse, you actually have to pay the bank for them to accept your Euro's, as a fee against you guest it... money laundering.
Yeah, all fiat currency is a huge mess and full of money laundering, but not from us people, from them! They like to point at bitcoin and call it currency for drug dealers and money launderers, lol! I have never laundered money but i have bought a lot of drugs and never even once with bitcoin! Lol..
voted + resteemed
thanks bro! hope all is well by you.
hi bro, yes, it is, but i take some heart medication makes me dizzy and sleepy, so, i slept for several hous, and this is also good, as my power (physical and stee too) will increase.
do you believe that since yesterda night i di not eat anything, it is 26 hours, only water.
i must reduce my weight , it is now 138 kg
it should be 110 kg
ihhhhhhh
Believe it or not fasting is amazingly healthy for you! I fast atleast twice a month for 24-48 hours to keep my body in peak physical condition. I know it is draining to not eat, and u feel like garbage the day after.. but after that u will feel unstoppable! ;)
Lol.. that's a good one.
Yeah ain't that some shit.. I tried to deposit cash into a friends bank account at Chase bank... they wouldn't take it.. check or money order only
WTF is going on that we can't spend our money the way we want to when we want to!?! Its legal US tender! Why is it so hard to move around? Its bullshit!
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Thank you so much! I appreciate all the help and extra exposure you give me. You have really made me feel like part of the community and i cant thank you enough😆
The banks are as crooked as a dogs hind leg, there policy is to get people to just deal in digits, book entries. Once they have everyone frustrated to the point that no one even wants to carry fiat and exchange it in everyday transactions the banks will have us right where they want us fully dependent on them so they get their cut.
Crypto is a major threat to the banks, I look forward to the day I can say adios to fiat & bankers.
Ha, i couldnt of put it better myself! I look forward to that day as well.. hopefully it comes sooner rather than later!
I feel your pain when dealing with banks. Multiple times I've had my debit or credit card decline because my bank thought there was "odd spending" occurring. First of all, why aren't they calling or sending me a text so I can in fact confirm this. Secondly, what's considered odd spending?! And then there is the situation like you dealt with. Sometimes they make it difficult to pull your money out as well. Glad you got to vent about it a bit, lol.
Oh yeah, that shit is terrible. My friends had problems like that constantly too.. sucks u had to deal with that, but atleast we have an option to get away from banks now! 😎
That is one of the most ridiculous stories I've heard. Usually, they can't wait to get their grubby fingers on all the cash they can get. If that isn't a huge testimony into why we need crypto, I dunno what is!
#steemitbloggers
Right! Out with the old, in with the new!
I agree! What a pain in the a$&! Yeah, the ones breaking financial rules tend not to be the ones that suffer from the new policy enforcement. Stupid... Great share, hate it was a hassle.
Right! Fuckin assholes! lol.. As mad as I am about the whole situation all it really did was push me harder into cryptos.. because of this stupid little mistake US bank (and company) will now be loosing over $60,000 dollars of money they could've used to borrow against! With the way the fractional reserve banking system is set up that means they are gonna loose almost a million dollars in lending power when I pull out my money. I call that stupid business practices! Not like they will notice or care, but atleast ill sleep better at night knowing I am in complete control of my money now! It was definitely a wake up call.
Preach it brother! This is going to cause some ripples in the swamp...
Oh, I have banks too. I have heard a saying somewhere: "every bank will lend you money provided that you proove that you don't need it..." It's true I guess...
Lol, such a true saying! When i really needed a loan for my first home it was nearly impossible to get even tho i had decent credit and a steady job. Now im jobless and about to be homeless (selling my home) and dont need one, i get huge credit offers daily! Lol, makes perfect sence?!?!? NOT
LOL
It's bizarre... but this is how banks work... I hate them
Being overseas doesn't help for me. Crypto takes ten minutes and Steem almost instant. Just yesterday I had to cash an American check. It will take 18 days and a 30 dollar service charge. My quote today is, "Stop!" and the poem I wrote is the decentralized horse. It might make you feel better.
Wow bro, that sucks! this system is so stupid! We gotta get you into more cryptos my friend, sooner rather than later ;)
checking out your poem now
Thank you for checking out the poem and getting resteemed. The problem is some have become to numb to read anymore. Keep chasing your dream. They cannot keep their horse even if they rig the system.
I know most people on here are just here for the money, which makes it hard to find good content if no one is looking. 😔
I personally spend a lot of time looking at content so i dont post nearly as much as i should be. But i have 900 followers now and many of them i consider friends, like u, so i have to spread out my curating as much as possible. :/ i rarely ever upvote my own comments/replies, unless it is necessary for whatever reason.
I guess its not about the money for me anymore.. it was when i started but now i have made enough in cryptos that steemit is just a hobby for me, steem is just an awesome bonus!
i decided i wasnt going to play by anyones rules a while ago, thats why no one can stop me from chasing my dreams 😉
Ugh. I am not surprised, what a terrible experience. And people think crypto has no underlying value.
The credit reporting thing is a whole other thing that could benefit from decentralized record keeping. I really hope I never have to go through that kind of nightmare. What incompetence in the credit reporting industry...
Yeah, unfortunately I'm not surprised either, just disappointed! I feel like I have had so many problems with money and none of them have been my fault. :/
The blockchain and cryptos could definitely fix the entire system so I can't wait till it is more accepted by people. I really hope NO ONE ever has to go through the shit I've been dealing with lately, like I said, they make me feel like I'm a criminal even though they were the ones who fucked everything up!?! The system is so broke its nuts!
thanks for the comment ;)
Yeah the system and banks are pretty fucked 🙏🏼
+1 for the quote and all that hippie shit ;)
Fucked is a nice way of putting it. lol. I prefer to call it rape, especially after the bailouts! But that's why these bastards can do whatever they want, the government will bail them out regardless of their terrible policies no matter what, while simultaneously fucking over the people and letting them drowned in debt.
ANYHOW.. lol, sorry bout the rant.
Thanks man, its been my quote since i started steemit! take care
Bank gives me a hassle every time I buy Cryptos
You know, this is the only account i use on coinbase and ive thrown a lot of money into it this past year.. now im wondering if thats the reason??
dude did you hear about Bank of America yet?
"Now all customers with eBanking accounts have been moved to Core Checking, which carries a $12 monthly fee. Customers can avoid that fee if they make a monthly direct deposit of at least $250 or maintain a balance of $1,500. Students and customers in a rewards program are also exempt."
Sounds about right. Fucking douche bags!
the rich get richer and the poor get poorer.
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MEEP! MEEP!
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"Hello! I'm @shadow3scalpel and with the help of my protege, @chairborne, we are actively assisting veterans, retirees and active servicemen and women here on Steemit. We feel it is our 'duty' to support each other. Any questions or comments you may have, simply respond to this comment, thank you!"
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Wow, your bank experience is really terrible !
Are you in USA, since you mentioned Equifax hack ?
Hopefully the system will be improved or there is an workable alternative. 😊
Yeah, it really is. usa.. but not for to much longer! Thankfully.
That's incredibly unthinking of them. That's frustrating. All that red tape ends up hindering innovation rather than helping anyone. Sorry you had to experience that.
Yeah, It was sooooo frustrating, I think i was the most mad they didn't ID me when I came in after they made a huge scene about money laundering to my parents.
Although now that I have calmed down and Im thinking about it, it was really the push I needed to say fuck the banking system all together! Now Im pulling all of my checking and savings accounts, my 401k and my mutual funds and its all going into the cryptoverse!... Fuck the banks and their stupid system, IM OUT!
is it a credit union? because I've had much better luck with credit unions.
They tend to be much better about actually caring for the customer. they care about profits, but the profits are returned to the customer. makes much more sense to me...
Yeah, i would imagine that would be better than big banks. But im over letting other people tell me when and how i can and cant spend my money!
None of this would have happened if you only accepted STEEM as payment in the first place. So really, it’s all on you.
:p
I would love to work in just steem! lol. Or any crypto really. Unfortunately employers don't pay in it and no one accepts it as payment. So its hard to pay for gas, food and morgage with steem right now, maybe one day that will change.. hopefully sooner rather than later ;)
It’s funny and sad at the same time. You could have deposited a check from your mom by taking a photo of it with your phone, but she can’t deposit it in your account. Weird. Must be a small bank. They tend to be the most worried about the steel penalties for screwing up.
I personally don't consider US bank a small bank. lol..
Yeah she could have dropped the money or a check in my account, but they were gonna put a hold on it till the next business day, which would've been monday. I was trying to buy the dip, not wait till the market was back to normal on monday.
The point I was trying to make is that they didn't accept it like it was cash and that's bullshit! People should get more angry about these things. We have let the banking system walk all over us for far to long because "we didn't have a choice in it" but now we do! Cryptos.
voted + resteemed
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keep it up!
All the best!
always much appreciated! thats why i pay double ;)
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The banking systems are not encouraging at all.