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Should Banks Be Able To Close Accounts If They Do Not Like Your Opinion

(332 Posts)
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Anniel Mon 03-Jul-23 13:11:00

I could hardly believe the news that a bank closed all the accounts of Nigel Farage. Although no reason was given, evidently a Labour MP, Chris Bryant, used parliamentary privilege to accuse Mr Farage of taking £546,000 from Russia Today for media appearances. Mr Bryant was challenged to repeat the accusation outside Parliament but he refused Mr Farage denied the allegations but Mr Bryant refused to repeat his accusations in public because Farage would sue him.
A Vicar in Yorkshire had his Yorkshire Building Society account. Closed because he thought the BS had too many Pride flags being flown.
No mention so far on GRANSNET so I thought it should be discussed. I am sure Grans must have an opinion. You may not like Mr Farage, but should banks have the right to close your account without proper explanation because they do not like your political opinion or they do not support free speech?

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Maremia Sat 08-Jul-23 18:59:29

I think Laurence Fox the actor has now entered the fray.

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Callistemon21 Sat 08-Jul-23 20:56:41

He would, wouldn't he!

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Chocolatelovinggran Sun 09-Jul-23 16:05:42

Coutts have said that Mr Farage does not have enough money to have an account with them ( three million minimum, I understand) and he has refused their offer of a common or garden NatWest banking option.

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Germanshepherdsmum Sun 09-Jul-23 16:25:23

They couldn't say that - client confidentiality. I'm glad the truth came out somehow. I guess NatWest is too downmarket for him - and they don't want his 'business' accounts.

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DiamondLily Sun 09-Jul-23 18:39:02

Jeremy Hunt has been refused an account with Monzo - he's not woke, so I think all this is more about wealth and bank concerns about where money has come from (money laundering concerns).

Banks have been closing accounts, without reasons, for a long time.

www.theguardian.com/business/2023/jul/09/jeremy-hunt-reveals-he-was-refused-monzo-account

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Primrose53 Thu 26-Oct-23 10:34:46

Whitewavemark2

I’m sure a Russian bank will accept Farage. After all he has been paid in roubles for some of his nefarious activities.

Total lies. Are you going to retract or apologise for misleading people?

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