Informative Guides

What to Do if You’ve Been ‘De-Banked’

When Coutts Bank told Nigel Farage it was closing his accounts it said it was for commercial reasons, but it then told the BBC Business Editor Simon Jack that it was because he had insufficient funds in his account. A subsequent Subject Access Request (SAR) made by Farage revealed neither of those was the real reason. In fact, the bank had compiled a dossier on his political beliefs and concluded that his views “were at odds with our position as an inclusive organisation”. In other words, he was de-banked because Coutts disapproved of his perfectly lawful political beliefs.

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