5 truths about money banks don’t want you to know

Banks are considered to be the safest place to keep the money. But do you know that banks make money each time you spend, save or borrow?

There are some unusual practices that banks follow and you don’t understand those because of the complex financial system. We are not saying that the idea of using banks is bad, all we want to tell you are the 5 truths about money that banks don’t want you to know.

Here’s what we cover:

1) Decreasing value of your money.

2) Banks use your money to do business.

3) Check your account statements regularly.

4) Fees on card transactions.

5) Bankers want to meet targets.

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Manali Misra

Manali is a producer and writer with a diverse background in print, web, and broadcast media. She gives form to ideas through visuals and words. Manali has nearly six years of experience in creating personal finance TV shows. In her free time, you will find her curled up with a book or exploring new places on her adventure bike.

This page is purely informational. Line does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.