The catchy jingles of the bank say that they are on our side. But, in reality banks have never been on the side of the people. The only purpose of banks is and has always been to generate as much profit as they possibly can. Thousands of dollars are made by banks by charging fees they should not be charging. On top of that, banks charge interest on every loan they give to a borrower. Even if we ignore the fees that banks charge for their services, we cannot close our eyes to the hefty interest we have to pay on every loan taken from the bank.