For some time now I have been meaning to voice my disappointment and disapproval of these so-called institutions called Banks.Decades ago everyone felt safe putting our money in the banks. It was a way of keeping our monies secured and also accumulating interest on our savings.
It was a way of being able to acquire loans and mortgages almost problem-free because of our established relationship with these banks and also the security of knowing that we are protected.
In recent years we are left to wonder what has now contributed to this drastic decline in the banking industry.
Banks are now used as the legal platform for exploitation of the public
They charge you for everything. From cheque books, clearing of cheques, issuing of bank statements, wire transfers, credit card deposits and a multiplicity of other transactions.
Their interests rates on our savings have almost become virtually non existent while their interests charged on our loans and mortgages have skyrocketed
For the simple man’s acquisition of a loan or mortgage, it has become not only Herculean but sometimes impossible, while for the super rich, it’s a a walk in the park!
Why do we need these banks?
On the contrary, if we decide to forget about the banks and do our traditional form of domestic savings and backyard banking, we are subjected to interrogation, arrests and possible imprisonment for money laundering if we are found with excessive amounts of cash. What the fxxk is this?
We work our asses off and try to have a mutually satisfying relationship with the banks whick do not give a hoot about us!
A personal interaction with the bank is like making an appointment with the president of Russia! To open an account, you have to make an appointment.
To call the bank we are subjected to recorded monotones and insepid, senseless instructions by some non existent person on the other line! You wait for an eternity to get the opportunity to speak to anyone in the bank that has our money!
There is no one to complain to and even after you reach someone, there is no satisfaction or practical explanation given .
I have been Banking with Ecab for more than 25 years ! It was previously named Bank of Antigua and I will give up anything to have the Bank of Antigua era revisited.
This current batch of financial pervs are tearing our hearts out! I am tired of the bull shit!
You are a businessman and apply for a credit card terminal for your business and it takes forever before you can get it. I have been waiting over a month for a terminal and still can’t get it.
I lost over US$9,250 last year September with my Bank. I wired that money from my account in ECAB to a receiver bank in NY called community Federal savings Bank, as payment for a motor vehicle.
I subsequently realized it was a scam and a fraud. Reported it to the bank in New York asking that my funds be returned. They said I have to ask my bank to issue them instructions to have the funds recalled .I spoke to my bank who boldly and maliciously told me I have to pay them US$250 for them to do a recall of the wire transfer! To boot, they also said they cannot guarantee I will get back the funds even after paying them the fee.
