@baturkey Not just steals it, even what it doesn't steal, the bank controls. I've been fighting for months trying to get my bank to stop blocking my account over FOSS donations and crypto purchases.
Money in the bank is not your money. It is the bank's and they give it to you on their terms.
@baturkey this is also a case of wanting the new generation to believe value is created in circulation
@baturkey banks are invented to enable lazy people make money. by lazy people I mean lazy bank owners.
This practice (stealing funds from minors) is nothing new. I experienced the same thing decades ago from a Savings and Loan. I pulled out what funds I had left and never did business with that institution or any of its successors - one of the many reasons not to do business with BofA. It taught me a valuable lesson not to trust financial institutions.
dads.cool is a Mastodon instance for dads, running the Hometown fork of Mastodon.