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.