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Post by Handyman on Jul 15, 2023 13:16:33 GMT
He owns a £4 million pound house in Chelsea , he is not short of funds , Coutts have closed his account allegedly because he fell below the amount the Bank insists has to be lodge in the account, its been in the news for some time, plus he is not the only one some Peers in the Lords family have received the same treatment Perhaps he still has a mortgage on the Chelsea house, or perhaps it won't sell, or perhaps he's doing a Nadine Dorries and keeping us all waiting.
Banks are very up themselves when telling us what we can do with our money — one Santander manager got very inquisitive and officious when gave them several days notice that I wanted £3000 in cash to pay off some builders for work that was being done...
It matters not he has worked in finance for years , he will not be short of a few quid |
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Post by zanygame on Jul 15, 2023 13:23:05 GMT
Agreed, but I don't have to feel sorry for him. TBH I don't see what the fuss is about. Coutts no longer wanted his business, big deal, go to another bank. No one is asking you to feel sorry for him,the other banks (allegedly) are also refusing him an account. And this is what the issue revolves around “are people having accounts closed/refused based on their beliefs” if so that is wrong. So long as the banks are privately owned they can choose to serve or not serve whoever they wish. Would you have them made to serve whoever wishes them to? If not what restrictions would you allow? Would you think it it not wrong to refuse someone an account because they don't earn enough? |
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Post by zanygame on Jul 15, 2023 13:25:22 GMT
Perhaps he still has a mortgage on the Chelsea house, or perhaps it won't sell, or perhaps he's doing a Nadine Dorries and keeping us all waiting.
Banks are very up themselves when telling us what we can do with our money — one Santander manager got very inquisitive and officious when gave them several days notice that I wanted £3000 in cash to pay off some builders for work that was being done...
It matters not he has worked in finance for years , he will not be short of a few quid Who knows, maybe he made a mess of it. |
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Post by wapentake on Jul 15, 2023 13:34:33 GMT
No one is asking you to feel sorry for him,the other banks (allegedly) are also refusing him an account. And this is what the issue revolves around “are people having accounts closed/refused based on their beliefs” if so that is wrong. So long as the banks are privately owned they can choose to serve or not serve whoever they wish. Firstly they are not privately owned,Coutts is a subsidiary of NatWest which the govt still has a stake of of over 30% in or to be precise bailed out due to their financial incompetence like so many other banks with public money Banks should be regulated more closely on how they operate including this issue. See last sentence above Yes I would |
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Post by Red Rackham on Jul 15, 2023 13:55:53 GMT
So long as the banks are privately owned they can choose to serve or not serve whoever they wish. Would you have them made to serve whoever wishes them to? If not what restrictions would you allow? Would you think it it not wrong to refuse someone an account because they don't earn enough? These days a bank account is necessary to survive, without one you cant be paid, or pay bills you become a nonperson. A bank account should be considered a 'human right'. The government should, indeed must, legislate to stop banks who are far too focused on a woke agenda, debanking people they disagree with. |
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Post by zanygame on Jul 15, 2023 13:57:17 GMT
So long as the banks are privately owned they can choose to serve or not serve whoever they wish. Firstly they are not privately owned,Coutts is a subsidiary of NatWest which the govt still has a stake of of over 30% in or to be precise bailed out due to their financial incompetence like so many other banks with public money Banks should be regulated more closely on how they operate including this issue. See last sentence above Yes I would Then we agree. At the start of this thread I pointed out the massive number of people who lose their bank accounts each year simply for being poor and said there should be a national bank offering services to everyone. That way Nigel could also still get a basic account. |
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Post by zanygame on Jul 15, 2023 13:57:47 GMT
So long as the banks are privately owned they can choose to serve or not serve whoever they wish. Would you have them made to serve whoever wishes them to? If not what restrictions would you allow? Would you think it it not wrong to refuse someone an account because they don't earn enough? These days a bank account is necessary to survive, without one you cant be paid, or pay bills you become a nonperson. A bank account should be considered a 'human right'. The government should, indeed must, legislate to stop banks who are far too focused on a woke agenda, debanking people they disagree with. Agreed. Though I wouldn't limit it to woke agenda. Everyone should be able to have a bank account, not just our hero's. |
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Post by andrewbrown on Jul 15, 2023 14:58:01 GMT
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Post by Red Rackham on Jul 15, 2023 15:13:35 GMT
Not quite. He was offered a Natwest account but turned it down. Coutts only offered Farage a personal NatWest account, but not a business account, when he told them he was going on live TV in ten minutes time to publicly talk about the situation. He quite rightly declined their less than generous offer. |
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Post by Handyman on Jul 15, 2023 15:15:19 GMT
Indeed and Coutts is owned by the NatWest Group , the Government has 48% shares in them
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Post by bancroft on Jul 17, 2023 20:31:42 GMT
No one is asking you to feel sorry for him,the other banks (allegedly) are also refusing him an account. And this is what the issue revolves around “are people having accounts closed/refused based on their beliefs” if so that is wrong. So long as the banks are privately owned they can choose to serve or not serve whoever they wish. Would you have them made to serve whoever wishes them to? If not what restrictions would you allow? Would you think it it not wrong to refuse someone an account because they don't earn enough? Yes yet if he has had a relationship with them and acted professionally in conducting his account unless the police ask for it, why should his account be closed? |
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Post by zanygame on Jul 17, 2023 20:55:54 GMT
So long as the banks are privately owned they can choose to serve or not serve whoever they wish. Would you have them made to serve whoever wishes them to? If not what restrictions would you allow? Would you think it it not wrong to refuse someone an account because they don't earn enough? Yes yet if he has had a relationship with them and acted professionally in conducting his account unless the police ask for it, why should his account be closed? Because he failed to meet the conditions for having the account. That was the reason they gave. |
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Post by Deleted on Jul 17, 2023 21:07:31 GMT
So long as the banks are privately owned they can choose to serve or not serve whoever they wish. Would you have them made to serve whoever wishes them to? If not what restrictions would you allow? Would you think it it not wrong to refuse someone an account because they don't earn enough? Yes yet if he has had a relationship with them and acted professionally in conducting his account unless the police ask for it, why should his account be closed? The only reasonable answer are the political reasons. There have been people who literally felt righteous when trying to undo the democratic mandate from the EU referendum result. There's just no limit to what some people will do since the tantrum started in 2016. |
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Post by Deleted on Jul 17, 2023 21:13:14 GMT
Yes yet if he has had a relationship with them and acted professionally in conducting his account unless the police ask for it, why should his account be closed? Because he failed to meet the conditions for having the account. That was the reason they gave. Usually some form of correspondence happens when a bank wants to address a very long term customer over their account. The fact that this is what they told the media only demonstrates the fact that this isn't mere incompetence. |
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Post by Pacifico on Jul 17, 2023 21:15:03 GMT
Yes yet if he has had a relationship with them and acted professionally in conducting his account unless the police ask for it, why should his account be closed? Because he failed to meet the conditions for having the account. That was the reason they gave. Not to Farage they didn't |
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