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Original poster

To think that nobody really trusts banks anymore?

38 replies

ForBluntPombear · 28/03/2025 17:04

With constant scandals, hidden fees, and the fear that your money isn’t truly safe, do people actually trust banks or do we just use them because we have no choice?

OP posts:
Neveranynamesleft · 28/03/2025 17:24

There isn't many people that have got any money to give banks so I doubt they worry about whether they're safe or not....

Suzuki76 · 28/03/2025 17:23

Breezybetty · 28/03/2025 17:19

They literally cannot charge hidden fees. What ‘hidden fees’ have they charged?

Show quote history

They're only "hidden" if you're too stupid to read any provided documentation and you don't check your own online banking or statements.

BatchCookBabe · 28/03/2025 17:22

Another weird random discussion thread. Confused But I can't make sense of this one.

What on earth are you talking about @ForBluntPombear

Breezybetty · 28/03/2025 17:19

ForBluntPombear · 28/03/2025 17:17

Banks have been caught in so many scandals - misselling products, manipulating interest rates, and charging hidden fees. Even if you haven’t had a personal issue, doesn’t it make you wonder what’s going on behind the scenes?

Show quote history

They literally cannot charge hidden fees. What ‘hidden fees’ have they charged?

NewNewForest · 28/03/2025 17:19

I’ve been to approx 15 hours worth of meetings this week about fraud and scams, where banks and uk financial organisations have presented all the measures they’re currently implementing and future plans to protect their customers from fraud, even when their customers seem determined to fall for the most obvious of scams. (Pairs of high end trainers going for a song on marketplace and so on)

I think they’re trying to do the right thing.

Breezybetty · 28/03/2025 17:18

Worked for many banks. They are incredibly highly regulated and there is no way an employee could get away with anything dodgy without putting in an incredible level of effort and getting lucky with security. Even then the bank would have to pay to replace the money and if they can’t the FSCS will. Your money couldn’t be safer!

Original poster
ForBluntPombear · 28/03/2025 17:17

NellieJean · 28/03/2025 17:11

We bank with Nationwide and have done do for years, never a problem. Why do you think your money isn’t safe?

Banks have been caught in so many scandals - misselling products, manipulating interest rates, and charging hidden fees. Even if you haven’t had a personal issue, doesn’t it make you wonder what’s going on behind the scenes?

OP posts:
HeddaGarbled · 28/03/2025 17:16

Have I missed something? I had no idea this was an issue.

LillyPJ · 28/03/2025 17:15

Your money is safe in a bank as long as you don't do anything stupid (like revealing your PIN or password) and the fees aren't hidden - you just need to read to T&Cs carefully.

MyIvyGrows · 28/03/2025 17:14

What scandals? I pay money in, I take money out. That’s it.

Phonicshaskilledmeoff · 28/03/2025 17:13

I have worked at a couple building societies and banks. Your money is exceptionally safe. Whether I think we should be paying the executive bonuses is another question.

NellieJean · 28/03/2025 17:11

We bank with Nationwide and have done do for years, never a problem. Why do you think your money isn’t safe?

ArseInTheCoOpWindow · 28/03/2025 17:11

I never think about any of it.Used a bank for 49 years. Will continue to do so.