Carpon
Valued Contributor
We all know that their are various modes that can be used to save money. This is true but there are some things which make me think that saving is local bank account in not the best option.
• Deductions: Your savings will get Deductions on a monthly basis. And almost every transaction you carry out will have some effect on your balance. Banks do take a lot of charges and that really displeases me as it at times reduces the net value of my savings.
• Risks of scam. From the moment I opened a bank account, I started getting calls from people trying to lure me into giving out my bank details. This is very ridiculous. Some even try to put a comoflage and say they are people calling from my bank. This makes me see it as unsafe to keep funds in the bank most especially local banks ( probably in my region).
What are your thoughts?
• Deductions: Your savings will get Deductions on a monthly basis. And almost every transaction you carry out will have some effect on your balance. Banks do take a lot of charges and that really displeases me as it at times reduces the net value of my savings.
• Risks of scam. From the moment I opened a bank account, I started getting calls from people trying to lure me into giving out my bank details. This is very ridiculous. Some even try to put a comoflage and say they are people calling from my bank. This makes me see it as unsafe to keep funds in the bank most especially local banks ( probably in my region).
What are your thoughts?