5 truths about money that banks hide from you

There are some unusual practices that banks follow and you don’t understand those because of the complex financial system.

Banks are considered to be the safest place to keep 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:

  • Do you know you are losing your money every single day because of inflation?
  • Banks use your money to do business.
  • Bankers are not your friends.
  • Beware of card transaction and foreign transaction fees.
  • You are not making any money with bank deposits. Instead, you’re losing it.

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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