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

Germanshepherdsmum

None of it makes sense growstuff.

No, it doesn't.

And I can't help feeling that Farage has jumped on a bandwagon to further his identity politics agenda.

None of it makes sense growstuff.

Germanshepherdsmum

Thanks growstuff. The Companies House details are seriously worrying. Why would anyone entrust money to this company?

No idea! I was just posting the findings of my Google search.

I find it a bit strange that a company set up in 2019 would choose Metro Bank, which in 2016 became the first bank in the world to offer customers to sign up under a third gender:

www.businessinsider.com/metro-bank-is-the-first-to-offer-a-third-gender-option-for-customers-2016-11?r=US&IR=T

PS. I'm not making any comments/judgment on the rights or wrongs of the trans movement.

Debsododaband

I thought it was because he banked with Coutts and you have to have a certain amount coming in and savings up to 3 million pounds. He was offered another account with one of their other banks, as in Nat West, but he refused.

And lied about it. He's now claiming he was only offered a NatWest account on Thursday after this all blew up, but there's a video of him on his TV programme a few weeks ago stating he was offered a NatWest account.

I thought it was because he banked with Coutts and you have to have a certain amount coming in and savings up to 3 million pounds. He was offered another account with one of their other banks, as in Nat West, but he refused.

I think that this trend is exetremely worrying and should be a concern for us all. Look at history!

This has happened to a number of figures on the right of politics. Banks should only be able to close accounts if there is evidence of criminality. The government are going to speak to the regulator about this and see about tightning up regulations so this doesn't happen in the future.

Another high profile figure caught in the wokeweb.

www.dailymail.co.uk/news/article-12262157/Equalities-chief-fathers-rights-charity-UKIP-councillor-claim-bank-accounts-shut.html

Thanks growstuff. The Companies House details are seriously worrying. Why would anyone entrust money to this company?

Germanshepherdsmum

What is Duty International Bank? A Google search comes up with nothing and your link didn’t work, Metro couldn’t have closed the account if they didn’t own this other bank.

find-and-update.company-information.service.gov.uk/company/13069796/officers

ourduty.group/

transsafety.network/posts/our-duty-uncovered/

What is Duty International Bank? A Google search comes up with nothing and your link didn’t work, Metro couldn’t have closed the account if they didn’t own this other bank.

It seems Farage has dropped a few bob and Coutts don't want him anymore. Nothing to do with his opinions. Hopefully he will now emigrate but I doubt most civilised countries would want him.

Metro Bank closed Our Duty International Limited's bank account. Banks can close accounts without giving a reason why.
Metro Bank is aligned with Stonewall. Our Duty International is an organisation for parents who challenge gender identity ideology.
Coincidence?
twitter.com/ourdutygrp/status/1676183710620590083?s=61&t=38dnssMfaGnDXaRjTrU1lw

Has he ever told the truth? It would be just desserts if NatWest decided they didn’t want his custom after the stink he has kicked up, blackening the name of a respected company which they own.

Germanshepherdsmum

M0nica

Dickens His experience is no different form any other person less well known. Once one bank chucks you out, no other bank wants to touch you, and many other banks will not let you open a ccount with them either..

I think the system is outrageous and can best be described as being operated like a kangaroo court. The person told their account is being closed, cannot find out why and cannot defend themselves. A bit like justice in China, North Korea and Russia, and other dictatorships.

If a bank refuses to tell you why your account has been frozen or closed it’s more than likely because they (rightly or wrongly) suspect money laundering. To tell you in those circumstances would constitute the criminal offence of tipping off. I had to do so much money laundering training when I was practising, and things have been tightened up still more since then. With imprisonment potentially hanging over your head if you fail to spot money laundering, the mind is crystallised believe you me.

Yes, for any other reason you are contacted.

But using Farage as an example is not the best argument, as he didn’t tell the truth.

Excessive hyperbole doesn’t help either.

M0nica

Dickens His experience is no different form any other person less well known. Once one bank chucks you out, no other bank wants to touch you, and many other banks will not let you open a ccount with them either..

I think the system is outrageous and can best be described as being operated like a kangaroo court. The person told their account is being closed, cannot find out why and cannot defend themselves. A bit like justice in China, North Korea and Russia, and other dictatorships.

If a bank refuses to tell you why your account has been frozen or closed it’s more than likely because they (rightly or wrongly) suspect money laundering. To tell you in those circumstances would constitute the criminal offence of tipping off. I had to do so much money laundering training when I was practising, and things have been tightened up still more since then. With imprisonment potentially hanging over your head if you fail to spot money laundering, the mind is crystallised believe you me.

Whitewavemark2

Mine isn’t unconcsious bias i am totally consciously biased - I loathe the individual. He is no friend of Britain.

But this means nothing you write, is about trying to be just and necessarily true in life.

hallgreenmiss

The information on this has changed

www.dailymail.co.uk/news/article-12262757/Nigel-Farage-lashes-Kings-bank-Ex-UKIP-leader-slams-Coutts-shutting-account.html

Farage’s continued whining about this will make it more difficult for people who have genuinely had their accounts unfairly closed to get resolutions

Absolute B*££#@ks. Who knew this was going on before Farage brought it to our attention.

www.thisismoney.co.uk/money/saving/article-12262905/All-reasons-bank-close-current-account.html?ico=mol_desktop_home-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fhome%2Findex.html&_ga=2.150402358.1876728681.1676460412-amp-al3yv9KZHfphdj-DaaSSBA&_gl=1*k7yiqo*_ga*YW1wLWFsM3l2OUtaSGZwaGRqLURhYVNTQkE.*_ga_XE0XLFFF16*MTY4ODQwNDg1My4yMjE1LjEuMTY4ODQ4NDY1NC4wLjAuMA..

GrannyGravy13

This is on Martin Lewis’s Twitter feed

I would agree with Martin Lewis’ erudite comments.
Just one question WHY won’t the egregious Farage name the Bank? He’s not one to be slow coming forward with slights and accusations. Could it be because if he does they might reply giving the exact reasons why ..ie: money laundering or similar? No idea myself why, but…?

maddyone

No I don’t think it will. It’s drawing attention to the many very ordinary people such as the much quoted vicar, who have suffered this happening to them.
I understand that many people don’t like Nigel Farage, but I don’t understand the absolute glee about this. We should all be concerned about the behaviour of the banks.

Exactly 👏👏👏

Very well said.

No I don’t think it will. It’s drawing attention to the many very ordinary people such as the much quoted vicar, who have suffered this happening to them.
I understand that many people don’t like Nigel Farage, but I don’t understand the absolute glee about this. We should all be concerned about the behaviour of the banks.

The information on this has changed

www.dailymail.co.uk/news/article-12262757/Nigel-Farage-lashes-Kings-bank-Ex-UKIP-leader-slams-Coutts-shutting-account.html

Farage’s continued whining about this will make it more difficult for people who have genuinely had their accounts unfairly closed to get resolutions

leeds22

Normally I would say that banks shouldn't be able to close your account if they don't like your views. However, in Farage's case I would make an exception

Well I wouldn't - not even in his case.

It's a dangerous route to go down.

His views are abhorrent - but unless he's breaking the Law, is a bank justified in refusing his custom?

Unfortunately, we'll only know what he decides to tell us - his interpretation of the reasons.