You would likely subject to further scrutiny and added management fees.
In this digital age, it should be an absolute right. Obviously safeguards need to be in place, revoking an account should be done openly and not arbitrarily by the bank, a court should make the decision after hearing the evidence
That. Exactly.While I would agree that provision should be made (and, in my experience is made) for everyone to have a basic bank account, I don't personally think that means every individual should be eligible to have every type of bank account they wish.
But there are many many people who have been rejected banking services at multiple banks. So this would pretty much confirm their stories and N Farage
If N Farage had fallen below the threshold, there is no reason not to inform him of this. Like others have reported, banks blankly refuse to explain why they're being kicked out.
Like I've said this is a very dangerous , life crippling action , which banks must not be allowed to carry on with.
Everyone should be able to hold a bank account, it can only be revoked by evidence of serious wrong doing and actioned in court.
Today is almost entirely digital age,
Banking services should be a right
The banks are subject to onerous obligations regarding money laundering, proceeds of crime etc etc. They're obliged to go through processes to ensure they 'know their customer'. If a customer fails those tests it's not that they choose not to tell folks why their account has been closed; they're forbidden from doing so.
IIRC these obligations are retained EU law. Government could revoke or modify the legislation but it's their action and not those of the banks.
Posts on this thread keep referring to ordinary people who are campaigners for some issue or another having their accounts closed.
Apart from the vicar with the Yorkshire Building Society are there any other examples where people have gone public over this sort of thing.
I don't mean people in the public eye; I mean ordinary Joes.
Why don't you do an experiment. Write into your bank, query their woke credentials (obviously it's tongue in arse)
See what happens to you. Publish all the correspondence to verify the situation
There was an older bloke on Sky News who appeared very ordinary, apart from his campaigning.
He said Metro Bank had refused him a business account.
If it makes any difference, he is a gender campaigner who is on what we might call the traditional side of that fence.
Why? He was offered a standard Natwest account by Coutts and turned it down. He wants a swanky bank and is throwing his toys out of the pram because they don't want him any more.I ruled Farage out of the equation partly because he's such a divisive figure.
But I agree his case does seem genuinely murky.
Why? He was offered a standard Natwest account by Coutts and turned it down. He wants a swanky bank and is throwing his toys out of the pram because they don't want him any more.
Well it's not beyond the bounds of reason.His account (ho-ho) is that he was only offered the Nat West account after he publicised his case.
It seems odd there should be any dispute here.
It probably is. I suspect that they might let the account holder make their own arrangments first - as above.Surely it should be routine for Coutts to politely offer to transfer any account which has fallen below the wealth bar to their owners NatWest.
No, it then emerges that Farage claims this is a conspiracy theory because Farage. He then makes claims all over social media and gets anyone still talking to him and in politics to stick their oar in.It then emerges this might have something to do with the shady concept of the Politically Exposed Person, although Farage freely admits he currently doesn't have the money for a Coutts account.