Comments on: Which is the most ethical bank?

By: What’s your money up to right now? | Make Wealth History

What’s your money up to right now? | Make Wealth History — Thu, 02 Feb 2012 13:41:21 +0000

[...] Which is the most ethical bank? Share this:Like this:LikeBe the first to like this post. [...]

By: Funny new campaign targets RBS « The BioWrite Blog

Funny new campaign targets RBS « The BioWrite Blog — Thu, 26 Jan 2012 17:54:54 +0000

[...] to a more ethical bank The poster was attached to the screen of an RBS ATM in [...]

By: Gideon

Gideon — Tue, 24 Jan 2012 10:09:52 +0000

I am a former employee of Co-operative Retail (supermarkets) having worked there through my university studies and never saw any pornography stocked in our store (excluding the Sun’s Page 3 Girls and FHM magazine). What is more the fairtrade range was always far more extensive than at any other supermarkets I visited.

But this isn’t really the point. The point is: The banking division (not supermarkets) has an ethical policy which means your savings aren’t supporting arms dealing, sweatshops or animal testing (for example). I find this good and I don’t bank with other banks because they can’t promise this.

By: Fire your bank on November 5th « Make Wealth History

Fire your bank on November 5th « Make Wealth History — Tue, 01 Nov 2011 12:00:47 +0000

[...] are banks that are owned by their customers, and there are 49 of them in the UK to choose from. My own article on ethical banks is here. US readers should check out the Move Your Money Project here, while the BankerBonuses site also [...]

By: Jeremy

Jeremy — Mon, 31 Oct 2011 16:20:27 +0000

Yes, the responsibility is with the bank, but banks also create a culture around debt that can lead people into trouble if their circumstances change. Credit has been too easy to come by in recent years.

By: Paul

Paul — Mon, 31 Oct 2011 16:14:54 +0000

Surely that is then about how the bank assess each loan application – it would obnly be unethical if they lent withour due regard to a person’s ability to repay that loan.

By: Jeremy

Jeremy — Sun, 23 Oct 2011 08:19:23 +0000

Lots of Co-op bashing on this thread. Again, it’s not a perfect bank, but I do think it’s streets ahead of anyone else. For all the gaps in its ethical policy, it is alone in actually having an ethical policy. What you do with your money is up to you, but don’t let perfection be the enemy of good.

By: John

John — Sun, 23 Oct 2011 01:47:25 +0000

And in that single instance, Debra, you have convinced me to give my money to Santander, where’ll I’ll get £100 and 5% on my current account cash. From yours and the comments above, I have suddenly realised that The Co-op is a brand, nothing more. There is no real ethical substance to their brand of “ethical business”. Screw it. I won’t feel guilty for taking as much as I can from the banks in personal gains. I’ve had enough of sacrificing my own welfare, and in this current state of affairs I have to take care of myself as best I can.

For sure, a part of me wants to be convinced by someone that hey, come on, don’t lose hope. There’s still reason to best as ethical as possible. But, another part of me says, if I put my money in Co-Op I stand to get back £10 over a year, if I put my money in Santander, I get £225. And money is short, so I know where I want to put it…

By: Daryl

Daryl — Sat, 22 Oct 2011 09:29:35 +0000

Credit Unions were mentioned to me recently as a bank alternative, there is some kind of campaign in America to encourage people to switch to Credit Unions and it is having some influence here in the UK apparently. I know virtually nothing about Crredit Unions, could they be a suitable alternative to banks?

By: Suki

Suki — Thu, 18 Aug 2011 03:42:49 +0000

Does anyone know of an ethical bank in Australia?