bank money safety
Bank scams and frauds don’t affect only their customers. Indeed, they have a negative impact on several other people as well as industries.
Bank Customers
A customer is unable to withdraw money from their accounts for daily needs or even medical emergencies. They’re unable to pay fees for educating their children or get the money they would save for buying that dream home or for marriage.
Worst hit are people that invest large amounts in Fixed Deposits just because one bank promises to pay slightly higher interest than others.
Sadly, senior citizens and retirees who invest savings of their lifetime because some bank offers half to one percent higher interest are worst hit when a bank gets hit by scam or fraud and has to suspend or close operations.
Bank scams and frauds don’t affect only their customers. Indeed, they have a negative impact on several other people as well as industries.
Bank Customers
A customer is unable to withdraw money from their accounts for daily needs or even medical emergencies. They’re unable to pay fees for educating their children or get the money they would save for buying that dream home or for marriage.
Worst hit are people that invest large amounts in Fixed Deposits just because one bank promises to pay slightly higher interest than others.
Sadly, senior citizens and retirees who invest savings of their lifetime because some bank offers half to one percent higher interest are worst hit when a bank gets hit by scam or fraud and has to suspend or close operations.
