What Your Bank Is Hiding From You
8. “Terms and Conditions Applied”
They tell you that this is just a formality and each and every terms and conditions are according to your needs and benefits. Though every one read the bank agreements properly, but there are few portions which people ignore and later get themselves into trouble.
The “terms and conditions applied” part which one can hardly read without a help of a magnifying glass contains certain terms which prevents you from suing the banks incase of any mishap.
While these claws were introduced with a motive to prevent class-action suits, banks are using them to collect debts and save their own flaws.
9. "Your Money Is Not Safe With Us"
Banks present many ways to cultivate interest on your money but there is no such guarantee that they will always be earning profits. Banks have been intensifying into other financial sectors for quiet a time, counting complete wealth administration, brokerage services, financial planning and even insurance.
Though people think their money are in safe hands and the investments will only gain profits, it is not a happy ending story al the time. Investments are subjected to market risks and incase it fails to gain profits, most of the banks do not take responsibility.
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