The Bank of Farage
 

It's getting worse for Nige, no one will give him a bank account now. Maybe his employer isn't secure or he's got a reputation for giving out dodgy financial advice ?
https://www.independent.co.uk/tv/new...-b2366479.html

Re: GB News / Talk TV
 

He’s with Coutts - if one doesn’t have a consistently high level of regular income, or a combination of savings, income, and loans with them of over a certain amount*, they ask the account holder to bank elsewhere; nothing unusual happening there…

(Can’t comment on the other banks…)

* Clients are required to maintain at least £1m in investments or borrowing (mortgage), or £3m in savings.

Re: GB News / Talk TV
 

Or maybe there are some transactions he can't explain, I'd suggest the banking ombudsman is the place to go rather than crying on social media, that is assuming the banks acted inappropriately of course

Re: GB News / Talk TV
 

You never know if he is lying or the full truth of it. If we assume his account isn't being closed because he doesn't meet income requirements, he doesn't have some transactions they don't want to deal with and 7 other banks have rejected him then it's a concern. We don't want banks to deny service based on the customer doing legal actions they just happen to disagree with.

One bank rejecting you isn't that uncommon. Several banks have randomly and arbitrarily closed customers' accounts based on some algorithm and recently crypto has caused customers to lose accounts. Several banks then rejecting your business is less common.

But we don't know the whole details. I imagine it is a case that the other banks he has gone too have income requirements he doesn't meet. I doubt he has gone to HSBC and tried to open a conventional retail bank account.

Re: GB News / Talk TV
 

Agreed - I assume he's gone to banks aimed at high net worth individuals in the knowledge that he won't qualify so he can make a story of it. If he wants a bank account, he could have signed up to Revolut in less time than it took him to make that whingecast.

Re: GB News / Talk TV
 

That’s quite an assumption.

Re: GB News / Talk TV
 

Far from it. He's an intelligent guy who knows how the financial sector works and how to pitch a tale to his audience.

Re: GB News / Talk TV
 

Well, probably not. He mentions it was a prestigious bank and he was a commodity trader for a long time. As Hugh mentioned he was with Coutts:

https://www.spectator.co.uk/article/...o-explanation/

So I think it makes sense he went with a similar institution. These people don't care about your politics, they deal with discretion for high-worth individuals. They're not trying to appease The Guardian or young people in their 20s.

The Bank of Farage
 

A nice gift for Brexiteers: the banks can close all your accounts and shred your credit cards.

They did it to Farage and he says that can happen to you too!

Re: Britain outside the EU
 

We’ve had half a story, and as stated in another thread, Coutts routinely close customers accounts when they don’t meet their assets threshold…

Re: GB News / Talk TV
 

Why no other bank accepts him? He cannot transfer his money.

Re: GB News / Talk TV
 

His story has "evolved" in a subsequent broadcast. He now says his bank (who we know as Coutts from other sources) offered him a personal bank account with a sister bank (presumably NatWest who own Coutts) but would not offer him a business account.

Re: Britain outside the EU
 

And offer them an account with their sister bank NatWest instead.

Re: Britain outside the EU
 

Re: Britain outside the EU
 

I might actually wet myself laughing if this happens.

Re: Britain outside the EU
 

Re: Britain outside the EU
 

There was a rumour that he had applied for a German passport (his children apparently have British and German passports) but he has denied it. Little will surprise me though.

But really, what a snowflake! NatWest's private bank Coutts allegedly says he's not wealthy enough to bank with them anymore but says he can have an account with their high street bank NatWest. And he says he needs to take two weeks off work as a result!

Re: Britain outside the EU
 

Re: Britain outside the EU
 

Well, Leave did mean Leave :D

Re: Britain outside the EU
 

Having to bank with Natwest instead of Coutts isn't really cancel culture.

Re: Britain outside the EU
 

Re: Britain outside the EU
 

Would that make him a financial asylum seeker?

---------- Post added at 11:52 ---------- Previous post was at 11:50 ----------

He's renowned for his veracity and factual accuracy...

Re: Britain outside the EU
 

Could he be failing money laundering checks?

Re: Britain outside the EU
 

German, thanks to his wife, exercising freedom of movement, something he was happy to deny the rest of us and why is the old shyster thinking about it, he said he'd leave the country if brexit failed and he himself called it a failure not so long ago

---------- Post added at 13:09 ---------- Previous post was at 13:07 ----------


:tu:

Re: The Bank of Farage
 

Re: Britain outside the EU
 

I doubt it.

I really think it's as simple as he is going to private banks and doesn't have the wealth to quality.

The banks are never going to comment on an individual so we won't know the whole truth. We need to know if he applied for a standard bank account. If he has and still gets turned down then either he has been flagged or we do have a problem here.

I think it's extremely unlikely that every bank is turning him down because of who he is. They've been providing him with such services for a long time so why decline him now when he is less prominent and Brexit is less of a heated issue? Besides, since when did banks care that much about who they provide banking services for?

Re: The Bank of Farage
 

I think it vastly unlikely that he’s being persecuted for being Mr Brexit, though that’s clearly the narrative he would prefer to be out in the wild.

When you think about his dealings apart from Brexit - his associations with Trump and the Russia Today propaganda operation laughably once thought of as a TV news channel - there is vast scope for there to be items in his bank statements that are now great big red flags given that Trump has been indicted on some serious crimes and the head of RT is on Russian TV daily promoting genocide and crimes against humanity.

None of that is to say that Farage is involved in, or even supportive of, such things, but he has moved in circles that have since become manifestly very grubby indeed.

Re: The Bank of Farage
 

Maybe he has been buying crypto

Re: The Bank of Farage
 

Pretty much every person in Westminster both the commons and the Lords have been in the very same circles at some point

Re: The Bank of Farage
 

Why would that matter, its legal, you can even do it in paypal.

Re: The Bank of Farage
 

Some banks have been known to close accounts that use it out of fraud/money laundering concerns

Re: Britain outside the EU
 

:D

Re: The Bank of Farage
 

Not Farage but it does happen:

Yorkshire Building Society has been accused of closing an account of a client after he asked why their branches were festooned with Pride flags.

Yorkshire Building Society today declined to comment on the case but a spokesman said: 'We would only make the difficult decision to close a savings account if a customer is rude, abusive, violent or discriminates in any way, based on the specific facts and behaviour in each case'.

Re: The Bank of Farage
 

Although not Farage, I’m aware of an online blogger who also claimed similar that their bank withdrew services after 20 years on the basis of them not sharing the “accepted” opinions on trans issues.

Re: The Bank of Farage
 

Yorkshire Bank PLC are known for closing bank accounts as Mr. Michael Howard of Leeds will attest. Warning, contains a rude word.

Ironically, I've had my bank account closed this month because they are literally closing the bank. I wonder if Nige is in the same bank as me.

Re: The Bank of Farage
 

No, he is/was with Coutts (and that's not closing).

Re: The Bank of Farage
 

Oh, I know. I just thought it was a strange coincidence. I never imagined he'd actually bank with a mere mortals like me.

Re: The Bank of Farage
 

The Yorkshire BS has claimed they don't close accounts on the basis of opinions, yet in their next sentence says they do on the basis of comments. How is that not closing on the basis of opinions?
Twitter

Re: The Bank of Farage
 

Being rude, insulting, violent, discriminatory, or derogatory towards bank staff is not being opinionated…

Re: The Bank of Farage
 

Where was he doing that?

Re: The Bank of Farage
 

from your own link...

Re: The Bank of Farage
 

Does the link specify what he did or didn't do?

Re: The Bank of Farage
 

Obviously wouldn't close an account down if someone just made an innocent enquiry. It makes no business sense to lose customers. One of the listed criteria must have been met.

Re: The Bank of Farage
 

It specifies the reasons why they shut accounts...

Re: The Bank of Farage
 

All I was asking is whether the link said any of his actions were covered by any of that? The link DOES say it's based upon comments.
Is it likely that a vicar acted in that manner?

Re: The Bank of Farage
 

Now that we have our sovereignty back, can we have our Jersey and Isle of Wight banks as they were?

Fond memories of the Anglo-Irish bank, such a star, so corrupt, that Cayman islands couldn't possibly compete!

Did you guys had accounts with them?

Re: The Bank of Farage
 

You haven’t provided a link to the person/vicar you are discussing, just the general policy, so how can we ascertain appropriate/inappropriate behaviours?

Also, the policy states Not just "comments"…

You are making judgements and decrying the unfairness of the situation without knowing the facts, which I suspect is largely because it fits into your preconceived narrative within these confected culture wars - we don’t know what the "vicar*" wrote…

*vicar - he’s not an "Anglican church leader" as quoted in the Times -the last time he was active in the Anglican Church was when he was an Associate Rector in a South African Anglican church 1997-2004, and then he founded his own Evangelical organisation in the UK

Re: The Bank of Farage
 

According to you the link provided details of the incident. Does it?
Times Paywall
Other non-paywall
So it is just comments.

Re: The Bank of Farage
 

So nothing to do with Brexit ,more likely Nige has some dodgy financial dealings. Anyway off to the EU for the Farages, don't blame them.

Re: The Bank of Farage
 

This was the link you provided, which took us to a pinned tweet for the YBS…

https://www.google.com/url?sa=t&rct=...T&opi=89978449

Re: The Bank of Farage
 

It required a signup to Twitter to read the full thing, so I had no idea what else might've been there.

You said:-
Implying he HAD done one of those things. His only "crime" was having an opinion.

Re: The Bank of Farage
 

I’ve screen-shot the pinned tweet from the top of the Yorkshire Building Society plus the first couple of messages, to give you an idea of the hot water they are clearly now in over this.

Re: The Bank of Farage
 

Although unrelated to the Farage question - I do wonder what the vicar thought he would achieve? A nice little response from the CEO saying "between you and me mate I don't buy this guff, but the kids love it and my marketing folk tell me it's a wheeze"?

Re: The Bank of Farage
 

I remember a certain Labour MP, Chris Bryant, using Parliamentary privilege to accuse Nigel Farage of receiving dodgy cash from RT, when he made appearances on there, let’s not forget, Corbyn has appeared on there too & Bryant stood by this man to become the next Labour PM.

Farage invited Bryant to make his claim again, with no Parliamentary privilege protecting him from being sued, Chris hasn’t made the same claims outside of Parliament, the coward.

But yes, let’s operate in a dystopian future, where if you upset little darlings, or heaven forbid, vote the wrong way, they get shut out of the banking system. Some of you are pretty disgusting for lapping this pure fascism up as suitably a “get you back for Brexit, Nige.”.

Re: The Bank of Farage
 

If that is what happened. It's far more likely he was trying to open private accounts after all it makes no sense why he would be universally blocked from every bank in the U.K all of a sudden.

Did Farage not get paid from RT?

Either way I don't think it'll be that because they were legally operating in the U.K then. It was probably even a U.K arm of RT that paid them (and Salmond, and Corbyn)

Re: The Bank of Farage
 

Considering the amount the banking system is extracting from the Great British public with exorbitant interest rates on money generated out of thin air, they should be shaking his hand for Brexit.

Re: The Bank of Farage
 

One thing we can agree on, the banking system isn’t looking after our money, for our benefit.

Re: The Bank of Farage
 

You posted

I never said anything like that - you then provided links to the matter under discussion, and who was involved; up to that point, the only information we had was a YBS pinned tweet, not what it was about.

In fact, I stated
And you are basing this on what he says, not actual evidence…

Re: The Bank of Farage
 

Don’t start turning in to Andrew with the demands for evidence.

This is how the left operate, perfect MO. Cancel people who’s views they don’t align with.

Re: The Bank of Farage
 

It wasn’t evidence I asked for - just information what he was referring to, otherwise al we had at the time was the YBS pinned tweet, but not who/what is was referring to…

Anyway, pretty sure most multi-billion financial organisations aren’t "left-wing"…

Re: The Bank of Farage
 

I didn't know who was being referred to at the time, yet you seemed to imply that it was a more serious transgression at the time. IE "rude, insulting, violent, discriminatory, or derogatory towards bank staff".
It was Taf who raised the Yorkshire incident. The only link I knew of at the time was from the Daily Mail, and deniers routinely rubbish stories from them, even when all they've done is pick it up from others, eg in this case "The Times". Two 2 links were stories from first thing this morning, so wouldn't have been available last night.

Re: The Bank of Farage
 

I was pointing out that you had only selected one of a number of reasons why an account could be closed - at the time (and still currently); I pointed out (again, not knowing the circumstances or person involved), that other reasons could have been relevant…

Re: The Bank of Farage
 

Absolutely, Mick. This could lead us to a very dark place. Nobody should be supporting this kind of behaviour from any organisation. This is where the cancel culture is leading us to and we should be opposing it rather than meekly accepting it.

Hopefully, Rishi will address this tendency before the next election, because Labour will not stop this creeping woke culture if they get in, they will promote it.

Re: The Bank of Farage
 

You don't know why he's been refused accounts. Nige wants us to think it's Brexit. I think there's info he's not telling us. Strange as he's usually so honest with the public...

Re: The Bank of Farage
 

:rofl: pure baseless speculation. Even funnier to think that this Government have the capacity or the competence to do anything about it if it were true.

Almost every problem this country faces has been exacerbated under 13 years of flawed Conservative ideology. Solving anything in the dying embers for the final 18 months lacks credibility.

Re: The Bank of Farage
 

Cancelling people's views they don't align with. Is that not a bit like what the Left did over Bud Light in the States. Wait that was the Right, not the Left! :confused:

---------- Post added at 13:31 ---------- Previous post was at 13:23 ----------

It's interesting to consider what Farage's motives might be:
1) Increase his profile, viewership by and income by poking the Brexit bear again. Heck, if it pays off he might qualify for Coutts again!
2) He's seriously thinking of leaving the UK so seeking an excuse for doing so, knowing that any departure from the UK might be seen as acknowledging that Brexit is not a success.
3) He genuinely thinks he's a victim of discrimination on his political views and is unaware of the financial ombudsman.

Re: The Bank of Farage
 

Him and fellow cancelled wrong about everything since 2016 broadcaster Andrew Neil could do a podcast from the south of France.

Re: The Bank of Farage
 

Blimey, do you check for monsters under you bed each night too?

Re: The Bank of Farage
 

Lefties surely.

Re: The Bank of Farage
 

And that oaf Galloway who still has a regular show on RT I believe.

Re: The Bank of Farage
 

You pronounced that the person had done more than merely make comments. I assumed that "evidence" was in the Twitter link that I couldn't read without signing up.
They actually asked for his feedback, and he gave it.

---------- Post added at 16:26 ---------- Previous post was at 16:19 ----------

He hasn't been told why. Same as with the other cases that are being highlighted.

Basic legal principle, that even if you don't like a decision, you should be informed as to the why, so you might be able to rectify it.

Re: The Bank of Farage
 

He says he hasn’t been told why. That’s not the same as he hasn’t been told why.

Re: The Bank of Farage
 

:confused: The last 5 words of each of your sentences are the SAME. Then there all the others that haven't been told why.

Re: The Bank of Farage
 

Start at the start:

“He says”

Re: The Bank of Farage
 

Any evidence for your biased claim?
What about the other cases? It's just not him saying it.

Re: The Bank of Farage
 

If he hasn't been told why (Farage that is) then it is more likely he's been flagged. That's a big IF.

Re: The Bank of Farage
 

Boris claimed he didn’t lie to Parliament.
Sturgeon says she knows nothing about the SNP finances.

Scandal hit politicians rarely front up and admit wrongdoing if that happens. I don’t have to evidence that it’s observable fact.

Other cases are other cases.

Re: The Bank of Farage
 

So no evidence then.

Re: The Bank of Farage
 

Where’s your evidence that he’s not been told?

You make a personal choice to believe him and take him at his word. I do not. Neither of us have evidence.

One man has made a claim against one or more unnamed organisations, none of whom can comment because of GDPR.

Re: The Bank of Farage
 

Not an overnight occurrence, going on what he said to Sky…

https://news.sky.com/story/nigel-far...ation-12912144

"a lackey"?

Nice "man of the people" description of someone…

Re: The Bank of Farage
 

If he has been flagged, it would be illegal for the bank to tell him why.

If he hasn't been flagged, it would be a breach of privacy laws for the bank to issue a statement specifically relating to him.

Convenient if you wanted to put a spin on things.

I had my account closed this very month. The letter I received didn't inform my why either. It just stated that I had 2 months to sort out an alternative, which I've done, quickly and easily. A quick Google soon told me that the bank are closing all their current accounts by the end of the year which is fair enough but they didn't tell me that.

I dare say, he has a few quid about the place and banks love people like that so I've no idea why they would turn him down but I doubt it's because of his politics. If indeed they have actually refused him.

Re: The Bank of Farage
 

Do you know who I am?

Yes Mr Farage, that’s the problem.

---------- Post added at 18:05 ---------- Previous post was at 18:03 ----------

Dare I ask, evidence?

Re: The Bank of Farage
 

It's not a biased claim it's reality. Unless you have evidence, something is just a claim. A bit like Chris Bryant's claims about Nigel Farage.

It's not particularly hard for him to show us a redacted letter from his bank. And if he had a strong claim, why not take it to the Financial Ombudsman like the rest of us might do?

Re: The Bank of Farage
 

Touchë.

Maybe I should have added "compared to me"

Re: The Bank of Farage
 

https://find-and-update.company-info...filing-history

Sole Director/employee - Farage, Nigel Paul.

https://s3.eu-west-2.amazonaws.com/d...68c4d98fb8ab47

Total assets less liabilities - £1,147,065 (as at 31st May 2022)

Re: The Bank of Farage
 

My apologies, I was on my phone and thought you were nomadking.

Re: The Bank of Farage
 

Re: The Bank of Farage
 

Lol no apology necessary. I guess my point was wealth is relative and banks are in the business of making money for their shareholders so for them to have an agenda against one man seems to me to be unlikely in the extreme.

It's not impossible I suppose but what would be the point of persecuting him other than petty vindictiveness. If they are, he could easily name and shame them. It's significant that he hasn't. I just think they have better things to be doing with their time.

Re: The Bank of Farage
 

This pretty much. Banks, like other businesses, are there to make money. To turn down this opportunity is a big decision and would either be because they have to for regulatory reasons or for wider marketing reasons.

Nigel Farage’s finances are either directly of potentially iffy which exposes the bank to possible regulatory issues or his personal brand is toxic to Coutts which may put off other customers from banking with them.

Re: The Bank of Farage
 

Coutts is a private bank so works on discretion. That and service are what its high net worth individual customers pay for. It never declares who banks with it* and it probably has far more toxic customers on its books than Farage.

* Thanks to data protection laws, banks these days don't do this usually anyway.

Re: The Bank of Farage
 

Coutts is owned by the Royal Bank of Scotland (RBS) who has a toxic name.

Re: The Bank of Farage
 

Hence why RBS Group rebranded to NatWest Group three years ago, taking the name of its untainted English subsidiary.

Re: The Bank of Farage
 

You would need a heart of stone to not be amused that EU Directive 2014/92/EU gives all EU citizens the right to a basic payment bank account, regardless of their financial situation

Re: The Bank of Farage
 

As a directive it would've had to be passed into primary UK law.
UK Law
Not sure what he's looking for is a basic bank account.

Re: The Bank of Farage
 

No he's looking to big himself up as usual. A multi millionaire victim...

The victims are the electorate he conned, who don't have such reserves in an increasingly poor country.

Re: The Bank of Farage
 

Certainly was - The Payment Accounts Regulations 2015 (https://www.legislation.gov.uk/uksi/2015/2038)

Re: The Bank of Farage
 

I think the most probable cause for his situation is the receipt of monies from problematic donors e.g. RT.

Interesting echoes of his past :D

Nigel Farage’s top aide sentenced for wire fraud

Re: The Bank of Farage
 

1 rouble is less than a penny, maybe Nige's RT cash wasn't as much as he thought?

Re: The Bank of Farage
 

BBC reporting he doesn’t have the assets for Coutts and got offered a pleb account with Natwest.

Re: The Bank of Farage
 

This was always the most likely scenario. May have been a good idea for some folks not to take his initial claims at face value …