Ethical?


(Richard) #1

I’m currently with the CO OP but would love to hear how ethical this bank is before I swap. Do you finance arms firms or oil?


(Kieran) #2

See https://monzo.com/ethics/


(Andy - Customer of Monzo - Own Thoughts) #3

Here’s the Monzo ethics page: https://monzo.com/ethics/

At the moment the only time your money is invested is in the form of overdrafts


#4

I don’t think Monzo finance anything.:grin: It is not a big City firm after all


(Richard) #5

Apart from the blog not being updated for a couple of years this all sounds fantastic. I can feel a change :slight_smile:


(Andy - Customer of Monzo - Own Thoughts) #6

It was updated last August although nothing in Monzo’s proposition has changed since then


(Rika Raybould) #7

Unlike other banks, we don’t lend out large percentages of our customer deposits and those that we do, we do in the form of overdrafts and such. This makes our ethical policy very simple as we just don’t do many of the things people normally dislike!


(Andre Borie) #8

They are ethical enough to not charge BS fees if a direct debit declines. This alone puts them above every other bank out there in my book.


#9

(Jack) #10

I’ve never been with an ethical bank before and so far so good!