Banks cancel the countryside
Discussion
Firstly, Nigel Farage had his bank account closed. Now, the banks have decided to cancel gun clubs.
https://www.msn.com/en-gb/money/other/gun-clubs-ac...
https://www.msn.com/en-gb/money/other/gun-clubs-ac...
Langweilig said:
Firstly, Nigel Farage had his bank account closed. Now, the banks have decided to cancel gun clubs.
https://www.msn.com/en-gb/money/other/gun-clubs-ac...
Stupid headline BUT very true regarding banks' attitude to clubs and societies. They don't want 'em as they are not profitable enough for them.https://www.msn.com/en-gb/money/other/gun-clubs-ac...
And it's not just banks. Building Societies are also disinterested in providing accounts for clubs.
I've been involved in two groups which, on separate occcasions, had their accounts shut down (by building societies in both cases) as they had made a corporate decsion not to provide accounts any more for for that sector. And if anybody thinks it was to do with "political correctness", it's highly unlikely as one was an amateur operatic society and the other was a scale model club.
Amazingly, both clubs were eventually able to have accounts opened - with Nat West
Thin gruel here. No obvious mention on BASC website. Search produced 1 article from a year ago that didnt give any detail of this survey.
Turns out BASC sent a 'report' to disgraced Andrew Griffiths MP at some point.
Thats all i could find. Your OP though, so feel free to provide something more than clickbait from the BASC marketing team riding the coat tails of a current 'hot' topic...
Turns out BASC sent a 'report' to disgraced Andrew Griffiths MP at some point.
Thats all i could find. Your OP though, so feel free to provide something more than clickbait from the BASC marketing team riding the coat tails of a current 'hot' topic...
tangerine_sedge said:
Todays culture wars post by the Tories brought to you by the Telegraph.
Story - those cappucino drinking metropolitan elites want to take your guns and countryside pursuits away from you.
Truth - Banks try and trim costs to make more profits....
Yep...Story - those cappucino drinking metropolitan elites want to take your guns and countryside pursuits away from you.
Truth - Banks try and trim costs to make more profits....
And when we warned them about the avarice of banks years ago these same people squealing "cancelled" were squealing "why do you hate capitalism"... Welcome to capitalism. The invisible hand of the free market is now slapping you around.
k they like?Eric Mc said:
Building Societies are also disinterested in providing accounts for clubs.
Yep, a car club I sort the accounts out for had this happen to them. With little warning the account was closed a cheque issued... in the name of the Ltd Company, which the club couldn't cash because they couldn't get anyone else to open an account in that name!After a huge amount of hassle, the bank reissued the cheque in the name of a director.
Langweilig said:
Firstly, Nigel Farage had his bank account closed. Now, the banks have decided to cancel gun clubs.
https://www.msn.com/en-gb/money/other/gun-clubs-ac...
its not just clubshttps://www.msn.com/en-gb/money/other/gun-clubs-ac...
There are many examples of Gunshops and other businesses connected with the legitimate guntrade being debanked. I can name half a dozen off the top of my head. And card processing this is even more common as 'our trade' is not welcomed with many of them. There is a huge amount of ignorance about what we do and its assumed that we engage in illegal activity despite being under the absolute highest level of scrutiny for a high street business.
The argument is, do banks, as commercial enterprises, have complete and absolute power over who they chose to do business with?
Or, do banks have, as organisations providing an essential service for business, commerce and society in general, an obligation to provide their services whether the customer is not in line with their ethics or is not as profitable for them as they would like?
Or, do banks have, as organisations providing an essential service for business, commerce and society in general, an obligation to provide their services whether the customer is not in line with their ethics or is not as profitable for them as they would like?
Eric Mc said:
The argument is, do banks, as commercial enterprises, have complete and absolute power over who they chose to do business with?
Or, do banks have, as organisations providing an essential service for business, commerce and society in general, an obligation to provide their services whether the customer is not in line with their ethics or is not as profitable for them as they would like?
Not forgetting they are a regulated business, have a privileged position in society, many were bailed out in 2008, many have earnt millions out of covid. So yes, they should run unprofitable accounts if necessary.Or, do banks have, as organisations providing an essential service for business, commerce and society in general, an obligation to provide their services whether the customer is not in line with their ethics or is not as profitable for them as they would like?
Eric Mc said:
The argument is, do banks, as commercial enterprises, have complete and absolute power over who they chose to do business with?
Or, do banks have, as organisations providing an essential service for business, commerce and society in general, an obligation to provide their services whether the customer is not in line with their ethics or is not as profitable for them as they would like?
Yep, the Farage Fans and "culture warriors" pick and choose depending on if it's someone they like.Or, do banks have, as organisations providing an essential service for business, commerce and society in general, an obligation to provide their services whether the customer is not in line with their ethics or is not as profitable for them as they would like?
The reality is in the middle. Banking is an essential service so laws are designed to ensure that everyone can get the minimum level of service needed to function in modern society. Beyond this banks are businesses and have the right to pick and choose their clientele.
Point in short, you are entitled to basic banking services, not any product you damn well like.
Rufus Stone said:
Not forgetting they are a regulated business, have a privileged position in society, many were bailed out in 2008, many have earnt millions out of covid. So yes, they should run unprofitable accounts if necessary.
Bailing them out wasn't done as some kind of favour to the banks, it was done to stop the economy from going into meltdown.pquinn said:
If it was just a financial/margins thing, surely they'd have just said 'you now need this type of account, here's the list of fees for having and using it'.
Quite - if it were a purely capitalist decision, then introducing account fees would be the answer to lack of profitability. Nobody is forcing the banks to offer free of charge accounts to clubs and societies. Banks exist to make a profit. The clubs want accounts and, presumably, are prepared to pay to operate them. Therefore something else must be at play - either the clubs want free to use accounts, or the banks are making decisions that are not purely based on profit (the aforementioned operatic society being closed down suggests this is not a case of "political correctness gone mad" but something else driving the banks' decision making process). What that "something else" is though I don't know.
I was brought up in The Pennines, and still live in a largely rural area, my family only stopped farming when the M62 ended up in the middle of my grandfather’s farm, making it unviable. I’m still in touch with many of the farmers still going in the area, and while a few have shotguns, not one I know is a member of a gun club.
I do know a few members of gun clubs though, including one who dresses like Elmer Fudd, he’s a welder by trade, and his father was an HGV driver.
Countryside my arse.
I do know a few members of gun clubs though, including one who dresses like Elmer Fudd, he’s a welder by trade, and his father was an HGV driver.
Countryside my arse.
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