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Thread: Virtual Banking

  1. #1
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    Virtual Banking

    Has anyone gone with a "Virtual Bank"?

    For example, Capital One, or Discover. They have no office where they meet the public, your only physical connection to the bank is your ATM/Bankomat card.

    I am dissatisfied with the "real" banks around. One I have had account for 12 years, yet they are suspicious of my transactions, and they won't give me a break if my account is overdrawn, through no fault of my own. My other bank, I have had account for 15 years, and since I moved a decade ago, the nearest office is 500 miles away. So everything I do with them, deposits, withdrawals, is on-line anyway. They are more friendly than the local bank, and they send me a new ATM card every 3 years, or when I suspect fraud, they cancel the old card and I get a new one a few days later.

    So I don't see any advantage to having a real physical office for your bank, since they won't help you in any additional way. You can get the same "help" through phone, email or chat-box.

    Comments?
    Have we reached the ultimate stage of absurdity where some people are held responsible for things that happened before they were born, while other people are not held responsible for what they themselves are doing today?

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    Virtual everything is going to be primarily a means of enslaving us. I have come to an understanding of the necessity of the incarnation of things, of having all things of value solidified into the physical world - from books and relationships to banking. As to banking, it is how we can and will be impoverished in a heartbeat by the controllers of that system; having no gold or even cash of our own will leave us without recourse. It will be enough to be declared a criminal or in violation of something - anything. This last year we suffered double indemnity from the tax police by having them withdraw money from my wife’s account after I had already paid with a bank receipt. It’s a reality on a small scale now, but will obviously be expanded.
    Don’t keep all of your eggs in one basket.

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    so I don't see any advantage to having a real physical office for your bank, since they won't help you in any additional way. You can get the same "help" through phone, email or chat-box.

    Comments?[/QUOTE]


    depend what client you are and with what bank you are working...
    There is no greater treasure then pleasure....

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    Quote Originally Posted by rusmeister View Post
    Don’t keep all of your eggs in one basket.
    Old Soviet proverb comes to mind - храните деньги в банке! А банку - заройте в землю...

    My current office is in the same building with Tinkoff bank, which is a kind of this virtual one, and many youngsters around use it, as they pay a lot of attention for usability and convenience of their online instruments. The same goes for "traditional" ones like Sber or VTB, or Rosbank, Alfa or Raiffeisen (Ben's favourite).

    Remember Billy's words - if you don't have your business in entornets yet, you'll have no business at all soon.
    All the world's Kremlin,
    And all the men and women merely agents

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    Quote Originally Posted by TheInterocitor View Post
    Has anyone gone with a "Virtual Bank"?

    For example, Capital One, or Discover. They have no office where they meet the public, your only physical connection to the bank is your ATM/Bankomat card.

    I am dissatisfied with the "real" banks around. One I have had account for 12 years, yet they are suspicious of my transactions, and they won't give me a break if my account is overdrawn, through no fault of my own. My other bank, I have had account for 15 years, and since I moved a decade ago, the nearest office is 500 miles away. So everything I do with them, deposits, withdrawals, is on-line anyway. They are more friendly than the local bank, and they send me a new ATM card every 3 years, or when I suspect fraud, they cancel the old card and I get a new one a few days later.

    So I don't see any advantage to having a real physical office for your bank, since they won't help you in any additional way. You can get the same "help" through phone, email or chat-box.

    Comments?
    I use CapitalOne Visa to purchase anything from the stores in Russia and use TransferWise or Revolut to transfer money to my Russian bank account. I never use my American ATM card.

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    Quote Originally Posted by Remington View Post
    I use CapitalOne Visa to purchase anything from the stores in Russia and use TransferWise or Revolut to transfer money to my Russian bank account. I never use my American ATM card.
    Why not use your American ATM card?
    ...
    Hey Remington, what thinks you about XRP?
    Have we reached the ultimate stage of absurdity where some people are held responsible for things that happened before they were born, while other people are not held responsible for what they themselves are doing today?

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    Quote Originally Posted by TheInterocitor View Post
    Why not use your American ATM card?
    Exchange rate sucks, international fees and bank fees. Not worth it. TransferWise or Revolut is cheaper or free. With Revolut, my money can be deposited into Russian bank account in 2 hours.

    Hey Remington, what thinks you about XRP?
    I'm not into bitcoin anymore.

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    Quote Originally Posted by rusmeister View Post
    Virtual everything is going to be primarily a means of enslaving us. I have come to an understanding of the necessity of the incarnation of things, of having all things of value solidified into the physical world - from books and relationships to banking. As to banking, it is how we can and will be impoverished in a heartbeat by the controllers of that system; having no gold or even cash of our own will leave us without recourse. It will be enough to be declared a criminal or in violation of something - anything. This last year we suffered double indemnity from the tax police by having them withdraw money from my wife’s account after I had already paid with a bank receipt. It’s a reality on a small scale now, but will obviously be expanded.
    Don’t keep all of your eggs in one basket.
    I'm totally worried about the government "Pulling a Cyprus" to make up for a deficit. You have deposit and suddenly it's 50% gone. My friend collects silver and gold coins, anything else gold.

    What worries me about Russian bank is if the bank goes belly up, you are only insured for $4000? I opened an account at a new bank there, and then I stated worrying. What if this new bank, which has only been around for less than a year, suddenly goes bankrupt? I had some difficulty to get my cash out of there and into a more traditional bank.
    Have we reached the ultimate stage of absurdity where some people are held responsible for things that happened before they were born, while other people are not held responsible for what they themselves are doing today?

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    Quote Originally Posted by FatAndy View Post
    Old Soviet proverb comes to mind - храните деньги в банке! А банку - заройте в землю...
    You could have a removable opening, a loose tile, to the wall in the bathroom, and tape the Krugerrands to the pipes behind the wall, where anyone running a metal detector would think it was just metal pipes ("Repairman Jack" - F. Paul Wilson).
    Have we reached the ultimate stage of absurdity where some people are held responsible for things that happened before they were born, while other people are not held responsible for what they themselves are doing today?

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    Quote Originally Posted by TheInterocitor View Post
    What worries me about Russian bank is if the bank goes belly up, you are only insured for $4000? I opened an account at a new bank there, and then I stated worrying. What if this new bank, which has only been around for less than a year, suddenly goes bankrupt? I had some difficulty to get my cash out of there and into a more traditional bank.
    Then use the traditional Russian banks like Sberbank, Alfabank, Rosbank or Raiffeisen. They've been around for long time.

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    I opened an account at a new bank there, and then I stated worrying. What if this new bank, which has only been around for less than a year, suddenly goes bankrupt?
    very simple. you open a bank account only with a reputable, well established bank. and that for sure is NOT a -one office, one secretary,one computer - bank. Indeed I like Raiffeisen. I bank with them since I was a kid in Austria. and it is very helpful when i am in Austria on vacation or the likes.. even more so when i still was on visa runs. and the Consulate in Vienna did not accept cash anymore...
    on the other hand i do admit..... https://www.bild.de/bild-plus/geld/w...ogin.bild.html
    small is not automatically bad. The same as big is not for sure always good and fair.. 1.5 BILLIONS just dissapeared. The money is just nowhere to be found... Except maybe in the Bermudas,Bahamas,Barbados. Or maybe in a Swiss bank account...
    There is no greater treasure then pleasure....

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    I was in the new, shiny, small bank with courteous clerks and smiling pretty cashiers. I show them my passport, and they help me with an English-fluent clerk...

    Me: I wish to open an account here.
    Clerk: How much do you wish to deposit, sir?
    Me: 100,000.
    Clerk: Yes, sir!

    I am escorted to the president's office.

    President: Good morning, sir!
    Me: Good morning!
    President: So, you wish to deposit $100,000. How will you make that deposit? By cash? By wire-transfer?
    Me: No, it's 100,000 rubles, not dollars.
    President: Oh, I see.

    I am escorted back to the clerk's office.
    Have we reached the ultimate stage of absurdity where some people are held responsible for things that happened before they were born, while other people are not held responsible for what they themselves are doing today?

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  19. #13
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    Quote Originally Posted by Remington View Post
    I use CapitalOne Visa to purchase anything from the stores in Russia and use TransferWise or Revolut to transfer money to my Russian bank account. I never use my American ATM card.
    Did you get Revolut from Russia ,does it work from inside Russia?

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    Quote Originally Posted by Judge View Post
    Did you get Revolut from Russia ,does it work from inside Russia?
    I was able to transfer fund from US Bank to Russian Bank but haven't tried Russia to US.

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    Quote Originally Posted by rusmeister View Post
    Don’t keep all of your eggs in one basket.
    Or at least have a gun in the home, to protect all those eggs, and your hen and chicks!
    I am fascinated by Russia, this country with frigid weather, hard souls, and hot girls!

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