Financial literacy training is still underdeveloped, and this can be call one of the reasons for the strong stratification of property in the world: it is impossible to achieve great success without knowing how to handle money.
Read More: Tom Von Reckers
The main custodians of money are banks. Secrets known only to very loaded people will help you get some benefits when interacting with them.
1. Banks have an annual quota for granting loans
Banks allow people to open deposits at a small percentage, and they themselves give this money to other customers in the form of loans with a slightly higher percentage. They earn on the difference between these two percent.
This means that the bank’s income directly depends on how much money is store in it and how many loans it issues. So, for growth, the bank requirements two actions. The first is to increase the flow of money by opening new accounts. The second is to give out more loans. Thus, the more deposits the bank opens, the more it needs to issue loans. At the same time, it is desirable that they are paid as long as possible. The longer the maturity, better the awareness.
That is why banks need to comply with values not only for opening payments but also for issuing loans. This fact can be used to growth the chances of reception money: they say that banks more often support applications submit at the end of the year. The fact is that in most cases at this time they are not yet close to the desired indicators.
2. Each bank branch has its own credit limit.
Bank branches are not equal. Each of them has a limit on the size of the loan, which the manager can approve. If the requested amount exceeds this limit, the client will be refuse.
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Moreover, the reason for such a decision may not be communicate to him, and he will think that he did something wrong. In some cases, if the transaction seems particularly profitable, the manager may refer the borrower to a higher manager.
This also includes states in which the bank has already tired its credit limit. It doesn’t matter how well the client will justify his solvency – the application will be reject because the bank does not have the right to exec the credit limit. It can be increase, but certainly not at the request of the borrower.
3. The central bank will always support large banks
This is a fairly obvious fact, and since it is pointless to deal with it, it is better to simply accept it. And they will always save large banks that are on the verge of ruin.
Large banks always get help. This means that they will always have money to rise from the bottom. This fact may not be pleasant, but it will not change in any way.
4. Banks do not store money
Initially, banks were toute as places to store money. Today we turn to their services because of the ease of using money anywhere and anytime. That is why everyone has bank cards.
Even more interesting is the fact that banks are trying to reduce the popularity of cash. Bank transfer makes people easier to relate to spending and not so keenly feel the loss when exchanging money for goods or services. It facilitates transactions and makes life comfortable, but also creates a more dangerous situation in terms of costs.
Banks do not store money. They make them circulate. This means that access to the deposit is not only for its owner. Now the government also has some level of control over the money of citizens – that is why super-rich people are looking for ways to protect their condition.
5. The largest customers of banks are banks
Banks exist to serve themselves. Serving other customers is secondary. All money deposited in the bank becomes its asset. This makes him always act in his own interests. The bank will never fight for the one who keeps the money in it. He fights for high interest and control. The fact is that after entering the bank, your money ceases to be only your property. They also become an asset of the bank.
The credit limit of a bank always depends on how many deposits are store in it. And the ratio is always unfair.
6. Bankers receive an annual bonus for loans issued
Of course, the prize goes not to all employees, but only to those who are responsible for issuing loans. As a rule, these are managers. And this is not bad.
The bonus depends on the issued loans. Of course, they should not be unreliable. Each bank employee wants to receive an additional payment at the end of the year – which is why they can more readily approve applications closer to this time.
Most often this happens unknowingly. At the beginning of the year, the manager does not experience pressure in approving loans. But towards the end of the year, there is a fear of losing the bonus by not approving a sufficient number of applications. In addition, no one wants to be call an incompetent specialist.
Thus, if the client does not receive the money, the bank employee will miss the annual bonus. This is how rich people use it: they come to the bank to get the maximum possible amount because they have the necessary security and authority.
Read More: Tom Von Reckers
7. Banks do not give money to people who look poor
Bankers are the most flawlessly dress professionals in the world. And they – consciously or unconsciously – evaluate the appearance of others. If the client does not look good.