Careful what you say, or you may end up without any banking facilities.

All who have had their accounts closed in this way should have the record of it removed so that they can open another one, if the original bank can't give a good reason for closure.
If the banks are worried it might let some criminals through, they need to get their act together to stop that in a sensible way.

NF has got Coutts to do this already DiamondLily Although, I think it will kick the problem into the long grass.

Also I'm sure investigating all de banking retrospectively would take eons.
So, I doubt that would happen overnight

But there is a website set up (I'm afraid I dont know its name) which is dedicated to helping people.

Much like you, I would like to see others benefit asap.

M0nica

Diamondlilly Most people who have had bank accounts closed down have found it almost impossible to open an account with another bank. It is the 'mud sticks' problem.

If one bank has terminated your account and you have no way of knowing why, other banks do not check with your previous bank, they just mark you down as 'trouble' and turn you down.

Who or what Nigel Farage is is utterly irrelevant, it doesn't matter who it is, Andrew Tate, a known criminal, it doesn't matter. It is simply impossible to function and live in modern society unless you have a bank account and the less and less cash is used the more essential it is to have one.To be deprived of a bank account without a full investigation and, I think, a publishable reason, should not be possible.

I know we have been told that banks etc may have access to secret knowledge of crimial behaviour, but I think the only reason the banks should have for closing down an account without a reason should be because there is an active police investigation taking place and charges are expected to be laid.

No, I know, and I have said that the banks need to fully explain to people why they are closing accounts. MoneyMail has been running a campaign on this for quite a while now.

I know they are legally bound to close accounts if anything "untoward" financially is flagging up, but any people with accounts closed aren't in this category.

And, then, as you say, other banks don't want them either.

I think the least banks should do is to say, in writing, what the issue is, and allow people to defend themselves. Banks make mistakes.

Accounts should never be closed over political stance. It's not relevant whether someone supports various issues.

My point is that Farage has had his accounts reopened/not closed, but other people aren't being helped by this - banks are carrying on as normal.

I think a proper independent adjudicator should be appointed to investigate, and rule on, the closed bank accounts of non-famous people as well. 🙂

Thank you M0nica for the above post, I enjoyed the clarity of it, even though it was addressed to DL

growstuff ... I'm not sure what your point is?

But, so far as NF has disclosed he had a certain amount of time (look it up I've forgotten ) to transfer his money out of Coutts.

As he was refused a suitable account by other banks (dont forget they all work under the same limitations).

M0nica reiterated above 'mud sticks', so when one bank drops you another doesn't want you either.

Coutts of course held on to NR cash.
He wrote a letter saying something along the lines of,

I will come with a security van to collect my money in cash, if unless something is sorted out

Ergo, new boss made an offer to him to keep his account.

Coutts didn't terminate Farage's accounts.

Diamondlilly Most people who have had bank accounts closed down have found it almost impossible to open an account with another bank. It is the 'mud sticks' problem.

If one bank has terminated your account and you have no way of knowing why, other banks do not check with your previous bank, they just mark you down as 'trouble' and turn you down.

Who or what Nigel Farage is is utterly irrelevant, it doesn't matter who it is, Andrew Tate, a known criminal, it doesn't matter. It is simply impossible to function and live in modern society unless you have a bank account and the less and less cash is used the more essential it is to have one.To be deprived of a bank account without a full investigation and, I think, a publishable reason, should not be possible.

I know we have been told that banks etc may have access to secret knowledge of crimial behaviour, but I think the only reason the banks should have for closing down an account without a reason should be because there is an active police investigation taking place and charges are expected to be laid.

DiamondLily

Banks have a habit, lately, of closing accounts, without any explanation. Which is wrong. Nothing to do with politics - normal accounts.

But, what I don't understand, with Farage, is that he's spent days bleating about how badly NatWest/Coutts have treated him...yet he's (apparently) accepting their offer to reopen his accounts.🤔

If a bank treated me as badly as he said, I'd walk away from them. I wouldn't want to deal with them.

Still, he's had his 5 minutes of the spotlight he craves, so hopefully he can crawl back to anonymity now.🙄

It would now appear his accounts were never closed, so they don't need to be re-opened.

I don't know. I think 10 banks refusing an account suggests a problem, beyond political opinion.

But, as I said, if banks suddenly close accounts, they do need to explain the reason why.

I've got to be honest, I've never had an account refused or closed. 🤔

But, I'm not sure the self proclaimed "Man of the People", but rich enough to be in invited by Coutts to open an account, is the person to do it.

Well, yes. There is.
All the more reason to put un elected people who follow group think under the microscope, dont you think?

If 10 banks have refused him an account, it suggests a problem beyond politics.

I think there's probably more to all this. 🙂

DiamondLily

Banks have a habit, lately, of closing accounts, without any explanation. Which is wrong. Nothing to do with politics - normal accounts.

But, what I don't understand, with Farage, is that he's spent days bleating about how badly NatWest/Coutts have treated him...yet he's (apparently) accepting their offer to reopen his accounts.🤔

If a bank treated me as badly as he said, I'd walk away from them. I wouldn't want to deal with them.

Still, he's had his 5 minutes of the spotlight he craves, so hopefully he can crawl back to anonymity now.🙄

It has been talked about a lot Dd, you can find plenty on GN which explains why.

NF and others arn't restricting their campaign to one aspect of this difficulty (lets say Politically Exposed Person).

They are campaigning on behalf of the normal accounts as you put it.

You say bleating I say discussing .

Yes he has been offered an account back at Coutts.

How can he walk away when 10 other banks already refused him an account?

How can any of us walk away, when all the banks are governed by the same group ESG, (I presume you know what it stands for so I wont insult your intelligence by boring you)?

.....^the spotlight he craves, ... *crawl back to anonymity now^
Sheesh, you really don't like him do you?

No, the changes required are far reaching and will take more than this HooHa, to sort out.

No doubt he will raise his head again in the near future.

I'm just so glad someone is doing something to make life normal again!

Namsnanny

growstuff Ah but would you believe it? 🤔🤣
Only if it fits your bias I suppose.
Ah well, 'The truth is out there' courtesy of Mulder 🤣

Nothing to do with bias. I prefer facts.

Banks have a habit, lately, of closing accounts, without any explanation. Which is wrong. Nothing to do with politics - normal accounts.

But, what I don't understand, with Farage, is that he's spent days bleating about how badly NatWest/Coutts have treated him...yet he's (apparently) accepting their offer to reopen his accounts.🤔

If a bank treated me as badly as he said, I'd walk away from them. I wouldn't want to deal with them.

Still, he's had his 5 minutes of the spotlight he craves, so hopefully he can crawl back to anonymity now.🙄

growstuff Ah but would you believe it? 🤔🤣
Only if it fits your bias I suppose.
Ah well, 'The truth is out there' courtesy of Mulder 🤣

Yes, the facts are out there ... and all the embellishments!!

Louella12

I don't know if I'm late for the party but he's been offered his Coutts account back

growstuff yes but it's all out there. What other stuff facts or otherwise could possibly be said?

Louella12 no your not late, it's good to read all views. Yes he has been.

Do you think he should accept magnanimously?

Or is there another alternative?

Namsnanny

growstuff

Callistemon I do accept the point about data protection and client confidentiality. I wasn't a fly on the wall during the conversation between Rose and the BBC journalist, so it will be interesting to find out exactly what was said.

why what do you hope it will reveal?

Facts.

I don't know if I'm late for the party but he's been offered his Coutts account back

Oreo

vintage1950

Thanks for the video, Fleurpepper. The evidence of Farage's racism is pretty damning. Farage was never an MP, but his political influence has been remarkable, especially on the Conservative Party.

But it has bugger all to do with the subject of this thread.
Banks have been are are, closing accounts for all sorts of political or PC reasons.
Nigel Farage and Gina Millar polar opposites but had accounts closed.
Most sensible people are glad that this subject is now being so talked about which forces banks to think carefully what they do in future.

Good post Oreo

growstuff

Callistemon I do accept the point about data protection and client confidentiality. I wasn't a fly on the wall during the conversation between Rose and the BBC journalist, so it will be interesting to find out exactly what was said.

why what do you hope it will reveal?

Gina Millar (Anti Brexiteer campaigner) has had her account closed.

news.sky.com/story/democracy-gone-wrong-gina-miller-criticises-monzo-for-closing-bank-account-12929208

It's not all about Farage and Brexit.

I haven't noticed him broadcasting for few days, but haven't actually looked out for him.

Callistemon I do accept the point about data protection and client confidentiality. I wasn't a fly on the wall during the conversation between Rose and the BBC journalist, so it will be interesting to find out exactly what was said.

You can call him whatever names you wish, it's up to you. Within GN guidelines of course.

I'll just say I do not like his politics. Fact.

No, I don't want to watch videos about him.

Now - if you can't see my point about breach of Data Protection laws there is no point in me trying to explain.

Callistemon21

Fleurpepper

Callistemon21

I'm not keen on Farage but what has happened to him has happened to countless others for unknown reasons . People have been protesting about it for years but it has taken this breach of confidentiality to bring it to everyone's attention.

Not at all. He fell below the very clear criteria required by Coutts- he doesn't deny that he no longer has the funds to fulfil those- so was offered another account at a sister bank.

Did you watch the video I linked to, about this history of Farage from teenage years. Loathsome is the right word for Farage- he has supported fascism from a young age.

Oh dear.

No matter what you or I or the bank think about Farage it was a breach of his confidentiality for Rose to blab to the BBC and against Data Protection Laws.

Agreed.

As for 'calling him names' - no, some of us are highlighting the history of this man, his racist, fascist and extreme and dangerous right-wing views, over a very long period of time. But I suppose some of you will refuse to look at the facts of this man, since he was a teenager

fb.watch/m5ULxFx-ko/