Anyone who has a large sum of money at home or in another place necessarily seeks to keep this money safe so that it is not stolen. It is with this in mind that the person contacts the banks to open a bank account. With this, financial transactions are easier, but the fundamental problem is that of the reliability of banks.
Reasons not to doubt banks
When one invests or has a bank account, it often happens that one check the balance of the account in order to reassure oneself that the money is actually there. This behaviour comes from a doubt that one has towards the banks; but know that these banks deserve confidence since they are reliable. Indeed, the competition between banks in the financial market means that each of them goes to great lengths to secure their transactions and satisfy their customers. Obviously, with this collective strategy, we will see that very few errors will be recorded in the banks. This is the case simply because those banks that make serious mistakes will lose the customers who trusted them. So, let us all believe in the reliability of the banks.
What are the few mistakes that banks make?
You have to be reasonable in your argument then, we will also point out some mistakes that banks often make. First, there is the fact that financial transactions from one country to another take too long and discourage people. These people are therefore tempted to move around with the money without going through the banks, which is very dangerous. One could even say that this is the fundamental problem of banks. Secondly, we see that bank controls are not high enough to prevent criminals from embezzling money or having accounts all over the place without declaring them.
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