This page is no longer updated, and is the old forum. For new topics visit the New HOL forum.
Coutts VS Nigel Farage
Register | Edit Profile | Subscriptions | Forum Rules | Log In
 Wisbech Eagle  Truro Cornwall 04 Aug 23 11.38pm |
  |
|---|---|
|
Originally posted by Spiderman
I suspect many people only have 1 account, I do, as do my family. Why would we have more? Do know no money has been lost? I expect many families do have just one account and for any in joint names only the PEP would lose access, thus preserving the ability to function. That’s just a presumption though. Even if the account was closed it would surely be a simple matter for the non PEP part of the family to transfer everything to a new account in their name with the notice given? How could money be lost? They aren’t raiding the account. They are closing it.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
|
 Alert a moderator to this post |
  |
| Wisbech Eagle Truro Cornwall 04 Aug 23 11.53pm |
|
|---|---|
|
Originally posted by Spiderman
So controversial opinions are deemed u suitable for a bank account, I consider many views on the trans issue controversial, if I ran a bank would it be acceptable in your eyes for me to close accounts of those who hold the views? Surely if that is discrimination so is closing Farage’s account My reading of the process is that two considerations are reviewed. Firstly, if an account holder is a PEP whose public status is such that their account requires a lot more costly oversight than the income it generates, then closing it is considered. Secondly, if the account holder is someone whose public persona is regarded as potentially capable of causing reputational damage to the bank within their target market, that too might cause them to consider withdrawing service. If both considerations are found then the likelihood obviously increases. If a bank targeted Mail and Express readers and watchers of GB News they might well think those who promoted trans equality controversial to their market. That’s a matter for any business to determine itself.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
|
| Alert a moderator to this post |
|
Teddy Eagle  04 Aug 23 11.55pm |
|
|---|---|
|
Originally posted by Wisbech Eagle
I expect many families do have just one account and for any in joint names only the PEP would lose access, thus preserving the ability to function. That’s just a presumption though. Even if the account was closed it would surely be a simple matter for the non PEP part of the family to transfer everything to a new account in their name with the notice given? How could money be lost? They aren’t raiding the account. They are closing it. There are 1000 accounts being closed each day. Are they all PEP related?
|
|
| Alert a moderator to this post |
|
| Wisbech Eagle Truro Cornwall 05 Aug 23 12.00am |
|
|---|---|
|
Originally posted by cryrst
A lot were allegedly business accounts. When suppliers or subbies arnt paid you lose business and potentially the whole company. Business accounts are not that easy to set up as they potentially have a lot more evidence needed and come with special conditions and even overdrafts to help with cash flow. The key word there is allegedly. Who is doing the alleging? I believe a proper enquiry is underway to determine the real facts. One of which is many thousands of UK citizens had their accounts closed as an indirect effect of Brexit. Something that good ol’ Nige keeps very quiet about.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
|
| Alert a moderator to this post |
|
| Wisbech Eagle Truro Cornwall 05 Aug 23 12.02am |
|
|---|---|
|
Originally posted by Teddy Eagle
There are 1000 accounts being closed each day. Are they all PEP related?
For what reason? By the banks or account holder themselves? I have closed redundant accounts many times.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
|
| Alert a moderator to this post |
|
| Teddy Eagle 05 Aug 23 12.10am |
|
|---|---|
|
Originally posted by Wisbech Eagle
For what reason? By the banks or account holder themselves? I have closed redundant accounts many times.
|
|
| Alert a moderator to this post |
|
| Tim Gypsy Hill '64 Stoke sub normal 05 Aug 23 1.42am |
|
|---|---|
|
Originally posted by Wisbech Eagle
In that nobody died, that’s true, but it was never the case in the bakery case. That was always about exposing discrimination. There was no discrimination involved with Farage. He wasn’t debanked for his opinions. He was debanked because those opinions were controversial. If they were controversial left wing opinions he would have been equally at risk. Of course, Farage claims otherwise and people like you buy his spinning so there’s little chance of you seeing that. That his opinions are controversial to the bank (and you) is irrelevant. His opinions were the reason he was debanked. His opinions are not controversial to everyone in this country. Hence the accusation of "cancelled by Coutts because of his views". Not that you could ever accept that someone you dislike could be wronged.
Systematically dragged down by the lawmakers |
|
| Alert a moderator to this post |
|
cryrst  The garden of England 05 Aug 23 5.46am |
|
|---|---|
|
Originally posted by Wisbech Eagle
I expect many families do have just one account and for any in joint names only the PEP would lose access, thus preserving the ability to function. That’s just a presumption though. Even if the account was closed it would surely be a simple matter for the non PEP part of the family to transfer everything to a new account in their name with the notice given? How could money be lost? They aren’t raiding the account. They are closing it. If the joint holder doesn’t work that could be very difficult. Try it. Sit in front of an admin in a bank and explain you want a joint account but don’t have a salary yourself but don’t worry “ my partner will be putting their salary in”, as they just got debanked !
|
|
| Alert a moderator to this post |
|
| Spiderman Horsham 05 Aug 23 6.19am |
|
|---|---|
|
Originally posted by Wisbech Eagle
My reading of the process is that two considerations are reviewed. Firstly, if an account holder is a PEP whose public status is such that their account requires a lot more costly oversight than the income it generates, then closing it is considered. Secondly, if the account holder is someone whose public persona is regarded as potentially capable of causing reputational damage to the bank within their target market, that too might cause them to consider withdrawing service. If both considerations are found then the likelihood obviously increases. If a bank targeted Mail and Express readers and watchers of GB News they might well think those who promoted trans equality controversial to their market. That’s a matter for any business to determine itself. So would you accept without argument the bank’s decision? Off topic but it is not only readers/viewers of this outlets mentioned that think tsrans equality controversial
|
|
| Alert a moderator to this post |
|
| Eden Eagle Kent 05 Aug 23 6.27am |
|
|---|---|
|
Utterly pointless trying to have any dialogue with this troll - don’t waste your time..
|
|
| Alert a moderator to this post |
|
 georgenorman 05 Aug 23 7.57am |
|
|---|---|
|
Originally posted by palace99
Forage was offered another account, by the same company. He refused went to the press, disclosed his own personal data, to make a story out of something quite minor. The fact that the govt and most media have jumped all over this, just shows all the friends he has in high places. As a business owner it is perfectly acceptable to refuse business I agree, business, organisations and individuals should be able to deal with or not deal with whoever they like.
|
|
| Alert a moderator to this post |
|
| Wisbech Eagle Truro Cornwall 05 Aug 23 8.44am |
|
|---|---|
|
That doesn’t though specify who closed them. It does explain that the increased requirements placed on banks to monitor money laundering could be behind the increased numbers. If I ran a bank and the government expected me to do their work for them without reward then I might take the simple option and close anything doubtful rather than spending time looking. Let’s see what comes out of the enquiry.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
|
| Alert a moderator to this post |
|
Login / RegisterNew users
Registration is now on our new message board
Existing users
To login with your existing username you will need to convert your account over to the new message board.
Sponsors
All images and text on this site are copyright © 1999-2024 The Holmesdale Online, unless otherwise stated.
Web Design by Guntrisoft Ltd.