Banks control our money, is it really yours if it's in your bank
Good Evening community
So this is actually A post I have been wanting to make for A month now but what made me decide to finally write it up is hearing about A person dealing with the same issue I had.
So living in the UK there are numerous bank branches out there TSB, HSBC, Barclays, Natwest and plenty more.
Quite the wide variety when deciding what bank is trustworthy to have your money.
Let's get into to post of today's topic.
Around A 2-3 months ago I wanted to Buy some HIVE I watched tutorials on how to do this and signed up to Bittrex exchange signed up relatively quickly was all ready to go I went to deposit £20 and boom my card was declined then immediately blocked from any kind of purchase. The next day I travelled to my bank to confront the issue I had to prove my identity and they did lots of checks to prove it was me and then I had to speak with the "fraud team" because they believed I was doing some "Illegal and unusual" activity.
Now, this may be because I had never invested in crypto via my bank which is A fair point BUT...
Once they believed that I was who I was they then stated that I shouldn't try buying crypto as "I could get scammed" and "your card will likely be blocked again"
So with this, I pretty much cannot buy crypto using my card and have to buy via other methods for instance buying off A seller for money via Paypal or something.
Recently I had A friend tell me that he recently tried to buy A car off his father...
He explained that his father wanted £7000 for the car so He did A transfer via his bank only for it to be put on hold and frozen the bank contacted him later and requested that they go to the bank to resolve this issue so they did.
Him and his father explained the story but the bank decided nope you cannot transfer this amount of money but they could withdraw the money and give it to his father in person somehow that was ok but an online transfer wasn't so, in the end, He withdrew the money in person and paid his father in person because the bank wouldn't bother to allow the transfer to be made online.
The public relies on banks far too much there duty is to protect your money and hold it but is it really yours when it's in there?
Let me know if you have any stories about issues with your banks it seems whilst crypto continues to explode this will become an even bigger issue for many.
This concludes my post thanks for reading.
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