Nigel Farage claims his bank accounts have been closed 'without explanation'

..."So I thought, well there we are, I'll have to go and find a different bank, I've been to seven banks, asked them all 'could I have a personal and a business account?', and the answer has been no in every single case. ...

He also claimed in his video that the "only explanation I can think of" for the decision was a claim made by Labour MP Chris Bryant in the House of Commons that Mr Farage had received nearly £550,000 from Kremlin-backed TV channel RT.

Mr Farage has categorically denied the claims by Mr Bryant - which were made under the protection of parliamentary privilege and which he has not repeated outside the Commons.

"The truth is I've never received any money from any sources with any link to Russia," Mr Farage said….
According to the parliament website, Chris Bryant is chair of the Committee on Standards and a member of the Foreign Affairs Committee, among others, and is vice-chair (formerly chair) of the All-Party Parliamentary Group on Russia and chair of the All-Party Parliamentary Group on Magnitsky Sanctions. Given his involvement in the latter two groups, it seems possible that he might be privy to information on who was receiving payments from Russia.

Nigel Farage says that the most the bank (reports say it's Coutts) has told him is that they're closing his accounts for commercial reasons. It seems unlikely to me that he should be denied a bank account because of, as he suggests in his video, his views on the EU and campaigning to leave it. They've been known about for decades and the referendum was seven years ago. It also seems unlikely that if he was appearing on Russia Today, he did it without payment.

But it's not a nice predicament to find himself in and I agree with Ann Widdecombe, interviewed on GB News, who says that banks should be required by law to give reasons for closing accounts - reasons which can be contested in court.

NatWest, who I had been with for almost 60 years, dumped me a few years ago without any explanation. Shocking and very disturbing. I'm now with several banks (loving the online ones). When it happened I discovered hundreds of others, likewise shafted. Apparently they are the worst offenders by far. I bet Farage was NatWest.

Social credit score is looming.

JK2006 wrote:
NatWest, who I had been with for almost 60 years, dumped me a few years ago without any explanation. Shocking and very disturbing. I'm now with several banks (loving the online ones). When it happened I discovered hundreds of others, likewise shafted. Apparently they are the worst offenders by far. I bet Farage was NatWest.
That is shocking. You're surely entitled to an explanation, e.g. whether they wrongly assumed you were breaking the law. I wonder if you'd still be able to get an explanation through the financial ombudsman. It's surely a breach of your human rights if a bank closes your accounts through no fault on your part.

The Daily Mail says Farage's bank is Coutts, which they say is owned by NatWest.
Mr Farage has not named the bank who plan to shut his own personal and business accounts this summer, but is understood to be Coutts, the famous 327-year-old private bank whose clients include members of the Royal Family.

It is owned by high street giant NatWest, which is still 38.6% owned by the British taxpayer after it was bailed out following the 2008 financial crisis. MailOnline has asked Coutts and Nat West to comment.

www.dailymail.co.uk/news/article-1224975...s-closed-Brexit.html

More banks are closing, I guess I will need to open up a Post Office account soon.

Cash is still one of the few freedoms we have left. I refuse to go to any establishment that refuses cash, even if it's for just for a coffee and a pasty.

www.gbnews.com/money/barclays-major-high...b4_Yf9_yB1wW1N1p6p84

Looks like HSBC are going down the crapper also. Go woke go broke.

www.gbnews.com/money/high-street-banks-p...l-accounts-shut-down

storm in a teacup..seems Coutts booted him as they require 3M quid in an account and offered him an account at NatWest which owns them.

he's a lying rogue

"It's the woke wokey wokesters who did it"

I worry about people like Farage who are obsessed with wokeness.

hedda wrote:
storm in a teacup..seems Coutts booted him as they require 3M quid in an account and offered him an account at NatWest which owns them.

he's a lying rogue

Yes I'm surprised so many are falling for the "woke banks" story. Banks will never be "woke" they are amoral sharks. And Farage is not a reliable witness, to put it politely .

Why did they close your account JK?

Refused to give me any reason GM and it was several accounts - companies and relatives.
Luckily I had accounts with other banks and simply switched monies across.
Then opened others with a variety of banks (the new online banks like Monzo and Starling are terrific).
Much happier now. NatWest were ghastly. They do this to hundreds every year.
Checking online they are far and away the worst for this globally.
There are even several online sites for NatWest victims.

JK2006 wrote:
Refused to give me any reason GM and it was several accounts - companies and relatives.
Luckily I had accounts with other banks and simply switched monies across.
Then opened others with a variety of banks (the new online banks like Monzo and Starling are terrific).
Much happier now. NatWest were ghastly. They do this to hundreds every year.
Checking online they are far and away the worst for this globally.
There are even several online sites for NatWest victims.

People can hate you for no reason!

In the full blown age of P.C./Political Correctness aka Pure Cowardice, and 'guilt by association'.

Establishment Banks (Bank$tas) don't want any perceived 'outsiders' causing potential embarrassment, and they covertly flag them as 'PEP' Politically Exposed Persons'.

Tho, hidden accounts making huge interest by billionaires like Musk, Gates, Bezos might conveniently slip under the fakestream radar?

Very good point Nigel, I don't trust him, however Halifax shut my account for taken out too much hard-earned cash out.

JK2006 wrote:
Refused to give me any reason GM and it was several accounts - companies and relatives.
Luckily I had accounts with other banks and simply switched monies across.
Then opened others with a variety of banks (the new online banks like Monzo and Starling are terrific).
Much happier now. NatWest were ghastly. They do this to hundreds every year.
Checking online they are far and away the worst for this globally.
There are even several online sites for NatWest victims.

Worldcheck has become a curse. Banks can pay for a licence which gives them access to a database of individuals with convictions for fraud or money laundering, Politically exposed persons, etc. Then they run a search to check if there are any matches. The lazier ones just close down any account that shows up a match.

It's very scary that this has spread to all criminal convictions, not just those involving fraud and similar malfeasance.

I hope this doesn't spread to Ireland, as I have several 'previous' for drunken nonsense.

Natwest have always been c.unts, IIRC they were the worst regarding the overcharging scandal.

It's all political and people can hate you for no reason.