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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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.

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