I can’t imagine functioning without a bank account in this day and age. With cash dying, access to a bank account is essential.
It’s not just Farage. We see lots of people in this forum complaining that their accounts have been shut after allegations of misuse. Is it ever right to ban someone from banking? What should happen in this situation?
If their accounts breach the terms & conditions, then it should be closed. No-one is ever going to come on here and say “Monzo closed my account because I was laundering money for a drug ring”.
What Farage and others are doing is dangerous. They’re implying that the only reason their accounts are being closed is because of their views. That can’t be right. They need to tell the full reason.
Anarchist
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8
Maybe it’s just bad reporting, but I got the sense that Farage hadn’t succeeded in opening an account at all. Are there any circumstances in which you can’t open a basic bank account?
I remember a girl at my place kicking off cuz she didn’t meet threshold of the premier account any more so we sent them a normal standard debit card and basically claimed the bank now made her look a peasant.
Hilarious.
6 Likes
phildawson
(Sorry, I will have to escalate this.)
15
Simon Jack has now posted the BBC article. Pretty much the same content as the tweet thread
AS IF he had no idea Coutts had a minimum threshold.
1 Like
Anarchist
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17
He did know. He was just winging it (and I guess the bank were indulging him in the hope that he would fit the criteria required eventually).
Speaking to the BBC from France, Mr Farage did not dispute the fact that he did not meet Coutts’ threshold, but added: “They didn’t have a problem with it for the last 10 years.”