Ethical Banking


Anyone use them? Have guiltily had an RBS account all my adult life and feel now is the time to fuck them off and open a new account elsewhere.

Anything I should know about Triodos before jumping ship?


I don’t know but for some reason I don’t really trust these things yet??
I got a monzo card but now it’s a current account rather than just a cash card, I’m reluctant to use it really. Not sure why though. Just not entirely sure you should get your wages paid into a relatively new “bank”.


Who’s the most ethical mainstream bank or building society, only i suspect most people would say the Co-Op, but even they line Dacre’s pockets?


Sock under the mattress.


depends what your ethics are.


What does ethical mean in terms of a bank?


Their investment arms aren’t building their wealth through dealing with arms / fossil fuels etc.


Triodos arent really a new bank.

Do Monzo claim to be ethical?


The Co-op Bank is no longer owned by the Co-op but by hedge funds - consequently I wouldn’t trust them to stick to their ethical policies any longer.


Dunno if the co-op is that ethical now the group no longer own a part of it, idk though.


Ahhh, I see.

Ok, cool. Thanks.


I think so! (??? :woman_shrugging: )


Find myself morbidly curious about how Tesco manage to bottom out that score so well. Is their HQ in a castle on top of a Transylvanian mountain do you think?


Nationwide are ethical enough for me. A bit shit, but basically good guys.


What is your favourite wanking receptacle and where do you keep it?


Enough about your wanking habits, take that shit to the filth thread.


You and @stickboy are in perfect wanking sync.


What a world.


Still with Barclays and let’s be honest, probably no other popular bank can top them on bad stakes:


How about Islamic banking?

The absence of interest in Islamic finance is one of the key factors that differentiate Islamic banks from conventional banks. However, there are other important differences:

  • Islamic banking is asset-backed which means that an Islamic bank does not carry out business unless an asset is purchased to allow the transaction to be conducted according to Sharia.
  • The source of the Islamic bank’s funding, profits and business investments cannot be in/from businesses that are considered unlawful under Sharia, i.e. companies that deal in interest, gambling, pornography, speculation, tobacco and other commodities contrary to Islamic values.
  • The whole premise of Islamic banking is to provide a way for society to conduct its finances in a way that is ethical and socially responsible. Trade, entrepreneurship and risk-sharing are encouraged and these are the financial principles that underpin Islamic finance and the products offered by Al Rayan Bank.