The Student Room Group

De-banked for expressing alternative social views

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Reply 20
Original post by Admit-One
A credible news source (current ownership aside) being referenced in the News & Current Affairs forum? I'm sorry, but I am going to have to lie down for a bit...

My mission here is to raise the tone and standard of debate. It may take a while.

I must say Nigel, that's a very specifically worded denial.

Indeed. It was over £500,000. Allegedly.
Reply 21
Original post by Sorcerer of Old
If someone isn't doing anything dodgy or illegal with their accounts, which includes sending and receiving funds then they shouldn't be de-banked.

Everything Farage does is dodgy. Therefore revoking his non-unbanked status seems reasonable.
Original post by Sorcerer of Old
Fundraising is an action, not a political leaning. Anyway, aren't Nazi groups proscribed as terrorist organisations? Illegal.

In the admittedly extreme example I gave it's hard to see how the fundraising and political leaning wouldn't be linked? "So why are you collecting money for Stormfront?" "I don't know!" :tongue:

If the group being fundraised for was potentially illegal or in danger of being declared so (Britain First for example), surely that is all the more reason to drop them as a client? No one seemed to mind Deutsche Bank dropping Trump after the capitol attacks and deaths.
Having worked for a big bank, we 100% dropped customers who weren't doing something illegal but were sketchy or not something we wanted to be associated with.

We didn't wait 8 years to do it though :smile:
Original post by Admit-One
Having worked for a big bank, we 100% dropped customers who weren't doing something illegal but were sketchy or not something we wanted to be associated with.

We didn't wait 8 years to do it though :smile:


Do major consumer banks have any sort of obligation to serve consumers or is it like any other service i.e. right to refuse on a whim?

Whilst id say banks should have a right to choose/vet customers and refuse people with criminal or untrustworthy financial links, I do think in today's world banking is essential to integrate into society and thus registered banks should be obligated to a high level to serve.
Original post by StriderHort
In the admittedly extreme example I gave it's hard to see how the fundraising and political leaning wouldn't be linked? "So why are you collecting money for Stormfront?" "I don't know!" :tongue:

If the group being fundraised for was potentially illegal or in danger of being declared so (Britain First for example), surely that is all the more reason to drop them as a client? No one seemed to mind Deutsche Bank dropping Trump after the capitol attacks and deaths.


Well yes, they're linked but what I was getting at is the fundamental difference between crime and thought crime. In my opinion you can have any political and ideological leaning you want, that shouldn't render you bankless. The issue comes when you start to do dodgy stuff with your accounts and/or engage in dodgy/illegal actions outside the financial sector related to those politics and ideologies.

Well yes, fundraising for illegal use and organisations is absolutely justification for closing someone's account and dropping them as a client.
(edited 9 months ago)
What alternative views has the establishment figure Nigel Farage been spouting?
Reply 27
Original post by NJA
Expressing an alternative social view can lead to de-banking:
https://youtu.be/FHHBYXW79wk

Is this the kind of society you want to live in?

Reminds me of what happened in the Middle Ages to those who fidn't accept the main religion:

Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.


I don't have an issue with a private business being able not to provide service on the basis of stuff other than protected characteristics.
Reply 28
Original post by Quady
I don't have an issue with a private business being able not to provide service on the basis of stuff other than protected characteristics.

I guess being a toad-faced, nation-wrecking gobshjte is not a protected characteristic.
Original post by WADR
I guess being a toad-faced, nation-wrecking gobshjte is not a protected characteristic.


PRSOM
Reply 30
Original post by WADR
I guess being a toad-faced, nation-wrecking gobshjte is not a protected characteristic.


I guess not. I've not clicked into the video for fear of generating ad revenue so dunno what it's about tbh
Original post by Sorcerer of Old
Well yes, they're linked but what I was getting at is the fundamental difference between crime and thought crime. In my opinion you can have any political and ideological leaning you want, that shouldn't render you bankless. The issue comes when you start to do dodgy stuff with your accounts and/or engage in dodgy/illegal actions outside the financial sector related to those politics and ideologies.

Well yes, fundraising for illegal use and organisations is absolutely justification for closing someone's account and dropping them as a client.


I agree to an extent, but if you are genuinely controversial (like to the point of offence like NF) + high profile, I think you have to respect the banks right to protect itself and own shareholders etc from the bad publicity or legal issues down the line from enabling you. (This obv applies a lot less to personal banking but commercially if you want to get a merchant account with Visa or Mastercard etc to take payments, they can take a look at your business and decide that even though you break no laws it's iffy sounding enough that they don't want to trade with you, and that's that)

So IMO an individual bank has to have the right to drop a problem customer if it chooses to presuming they follow their procedures. I think we we would both agree that a wider ban/rejection from ALL banks on those grounds would be inappropriate and subject of scrutiny... but those circumstances lead me very heavily to suspect he has been hit with a CIFAS marker or similar for inappropriate financial conduct and that the refusals are justified above the usual cry of 'Witch hunt because I'm Nigel Farage! :frown:' etc (this logic does seem to be in high fashion with the right just now :rolleyes: )
Original post by Admit-One
PRSOM


Why are you commending a twice-offending looks-racist?
https://www.theweek.co.uk/news/politics/961462/nigel-farage-claims-serious-political-persecution-after-bank-account-closures

Nigel Farage said his bank accounts have been closed and no other banks are willing to open him a new account. What do you guys think?
I think there is already a thread about this subject so you don't need to make another one.
Probably more to it. The bank being silent or not, apparently, giving a reason gives farage free reign to claim what he wants really
Possibly.
Of course, all businesses and individals have the right to choose whom they are willing to do business with.

It may be that the bank ended the provision of banking services with him because of his more controversial publicly expressed political opinions or financial ties to high risk activities/direct financial associates conflicted with the bank's stance.
Occurs quite a lot with people who make money from things like crypto, online porn, some type of e-gambling and import-export to citizens resident within countries where
Breaching banking terms and conditions is also a possibility.

Alternatively the bank may have not have been making any profit on his account/s.
Or have been given an ultimatum to cease doing any business with him by a very important and high value client whose custom or trust they could not afford to lose.
The latter does happen quite a bit within the usa and uk.
Generally as regards the bank accounts of hardcore activists usually with a lot of barely concealed dirty laundry, some types of secular grassroot volunteers & small charity founders, very controversial high profile people and their immediate relatives.
Reply 37
Original post by ABBAForever2015
Nigel Farage said his bank accounts have been closed and no other banks are willing to open him a new account. What do you guys think?

I think whatever Farage says can be dismissed as bullshjt.
Original post by Crazicat
Political purges going on a lot recently in Britain. All either being cheered on or largely ignored..

He retired from politics in 2021 ago you muppet :rolleyes:
Reply 39
Original post by SHallowvale
The known self-serving grifter Nigel Farage tells you his bank account was terminated for politically motivated reasons and you automatically believe him? Didn't anyone ever tell you to not believe everything you read on the internet?

This reeks of narcisism and victim complex. Do you really think that a bank would close his account because they disagreed with his political opinions? Not least at this point in time, where Farage's only relevance is being some *****y talkshow host? UKIP, Brexit and Farage himself were at peak public exposure in 2015 and 2016. Why the hell would a bank do this 7-8 years after that fact?

Furthermore, what bank was this meant to be in relation to? No bank is named directly and all this information comes from Farage only, so there is no way for anyone to independently verify the claims. For all we know his account could have been closes but because of dodgy reasons he clearly wouldn't bring up.

No doubt the conspiracy crowd will have a field day with this one because it fits their narrative.


Frankly put, even if he was telling the turht (a reach at the best of times) who really cares? The man is a self serving ass holw who dedicated his life to screwing over the public. A bit more misery in his own life can only ever be a good thing.

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