Senior Tories round on Coutts over Nigel Farage bank account closure

[Streetwalker]

I click on the account the money is coming from, the amount to be transferred and then the account it is going too.

It can take up to a minute.

I open my wallet and the money falls out , it can take up to 5 seconds    Still sounds like the bank has appologised  

[Borchester]

Given the amount of paperwork and digital records produced whenever I move money from one account to another, and the digital security checks, I really cannot understand what the bank are at, unless it is more political correctness.

I click on the account the money is coming from, the amount to be transferred and then the account it is going too.

It can take up to a minute.

[johnofgwent]

As a direct result of Gordon Brown no UK mainland resident can now open or maintain a bank account in the Channel Islands or Isle of Man. If you want to blame someone for this closure culture, start with HIM

[papasmurf]

I'm not in favour of arbitrary decisions by the banks themselves, but I can see why money laundering, fraud and embezzlement need to be combatted. However, in those cases it should not depend solely on the whims of bank officials...

Given the amount of paperwork and digital records produced whenever I move money from one account to another, and the digital security checks, I really cannot understand what the bank are at, unless it is more political correctness.

[patman post]

The question Farage aside is should banks be able to close your account for any reason ? 

I'm not in favour of arbitrary decisions by the banks themselves, but I can see why money laundering, fraud and embezzlement need to be combatted. However, in those cases it should not depend solely on the whims of bank officials...

PS — yesterday I received a letter from one bank pointing out that from September it could refuse or limit cash in, cash out and close the account, irrespective of what agreements I may have previously signed. Wonder if the latest govt proposals will have an affect..

[papasmurf]

The question Farage aside is should banks be able to close your account for any reason ? 

No-one's bank account should be shut down because of someone's points of view, even a smarmy git like Farage.

[Streetwalker]

The question Farage aside is should banks be able to close your account for any reason ?  

[SKY News]

Senior Tories round on Coutts over Nigel Farage bank account closure

Coutts is facing growing criticism over its decision to close Nigel Farage's bank account after senior Conservative MPs questioned its motivations in the House of Commons.

Source: Senior Tories round on Coutts over Nigel Farage bank account closure