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RE: When Banks Abuse Their Power And Start To Threaten Our Lives - A Regular Girl's True Story 💬
On a personal level I really am upset about this for you. I don't want anyone to go through this type of thing. But on a larger scale it makes a lot of sense to see the banking institutions and government trying to hold on to their power. I don't have the type of crypto success you have currently but I do have my money in 4 different banks. I remember early on in with paypal when they were quite shady, i experienced lockdowns on my account. Crypto seems to follow some of the same patterns that online payments suffered in the early days. Im hoping things run smoothely for you in future. You are quite and inspiration to us all!!!!!
Thanks for your lovely and encouraging words!
You can't imagine how upset I am :-) Unfortunately I don't have several bank accounts but only one. So if this one gets blocked I'm completely stuck. Now gratefully we learn from our mistakes and that's not gonna happen to me again. I still had the romantic belief that banks would seriously take care of our money, like it was a couple of decades back. It's hard to accept that it's not like this anymore.
We live in a world where you can hardly trust anybody.
Yeah, you definitely need accounts with a few other banks. Don't put all your trust into one bank. I run into this problem with clients all the time, especially those who travel, banks don't want me to say this, but I tell my clients: put some emergency fund in another bank, so if you account freezes or your debit card blocked, you can at least pull funds from your emergency cash account.