I'm (just) old enough to remember bank managers that managed banks (OK branch managers) and requesting loans where someone would review your history by eye and make a decision on that and a few well chosen questions.
This was also a place that opened at 0900 and closed at 1700 and was not available at 1200-1300 and also couldn't be arsed to help you out arbitrarily. You had to take time off work to visit a bank - yay! Meanwhile they made profits from your credit balance (investments) and your debit balance (interest). Go overdrawn? that'll be a letter (£25 in 1995ish) and punitive interest.
That was the past but: Banks are profit generation centres. My personal wealth has (there's always the mattress) to be lodged in a bank and they insist on making a profit out of me.
I'm (just) old enough to remember bank managers that managed banks (OK branch managers) and requesting loans where someone would review your history by eye and make a decision on that and a few well chosen questions.
This was also a place that opened at 0900 and closed at 1700 and was not available at 1200-1300 and also couldn't be arsed to help you out arbitrarily. You had to take time off work to visit a bank - yay! Meanwhile they made profits from your credit balance (investments) and your debit balance (interest). Go overdrawn? that'll be a letter (£25 in 1995ish) and punitive interest.
That was the past but: Banks are profit generation centres. My personal wealth has (there's always the mattress) to be lodged in a bank and they insist on making a profit out of me.