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Reasons why people don't save in banks.
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[QUOTE="Etini, post: 276760, member: 90141"] As beautiful and good as saving in banks is, it has its downsides too. Some people could weigh these downsides and think it is not worthwhile saving in banks. Some bank charges are ridiculously high. This can discourage a lot of people from saving their money in banks. When they consider that they would be charged exorbitantly, they might decide against banking. Banks are not infallible. Sometimes, banks have network issues and you might be needing some cash to meet up with pressing needs and you can't withdraw because of network issues. That can be very frustrating. I have been there before. Another challenge that people have with banks today is that there are lots of bureaucracies to get simple issues resolved. You were debited and not paid, and you complain at the bank. They would tell you to wait for seven working days so they can rectify that issue. That could be very frustrating. [/QUOTE]
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Reasons why people don't save in banks.
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