Do You Trust Banks For Saving Money

[Nomad]

Banks are one of the common platforms where we can save money. I believe banks are reliable institutions. Loss of your savings due to unauthorized transactions are rare cases. Loss of money due to banks going is also rare. You are even protected by insurance. Keeping money in banks is my favourite ways to save money. I trust banks. What about you, do you trust banks with your hard earned money?

 

[eLdavis]

Yes i trust banks for saving money, i trust some of these banks more than those online wallets and the likes.

 

[Sanjeev]

Yes, I trust banks for my savings account. There is nothing like bank cheats with their customers

 

[Springtime]

I trust banks for saving money. In fact, Hong Kong has a Deposit Protection Scheme (DPS) to safeguard depositors in the event of a bank failure. The current maximum coverage is HKD800,000 (roughly USD110,000)

 

[Kross]

Which other financial institutions would I trust to keep my savings if not banks. They have all my confidence.