Ethical Banking?
Well, I’ve been looking around at a website which claims they are ethical bankers. I haven’t heard about them before so I’m unsure of Ethical Banking but I decided to look around regardless for the following reasons.
I’ve been wanting to get an offshore account for quite a while. However, most of the banks overseas needs a minimum of $5000 or $10000 and I frankly do not have that type of money and I would need to save for at least a year for me to gather that amount of money to actually open an account.
Any who, so I decided to take a look at the bank and see what they offer. The first thing I HAD to notice was the Student Accounts which really is affordable and looks quite profitable in the long time.
So yes, I was VERY much interested until I was taking a glance through the terms and conditions and found out I wasn’t even liable to apply for an “online” account.
Extracted from their website:
“1. ACCOUNT BASICS
1.1 To open and maintain an account you must:
be a UK Citizen and resident or:
if you are a foreign national you must have been a UK resident for a minimum of 3 years
be over 17 years and 6 months in full time education, an under or post graduate student, including mature students and existing students
pay an initial payment into your account of over £100. ”
What really annoys me about this is how they claim they are a completely online bank account and yet they only offer their services to UK citizens or full-time students in the UK.
When am I going to find a offshore account that doesn’t expect so damn much? Oh but if you’re living in England and are interested, take a look at their “ethical” insurance policy… Ethical Insurance
Now, despite all of this - I couldn't help but take a look through their policies and I must say that I am impressed. Despite the fact that I feel a little back stabbed that only UK residents can apply for this! They will not sponsor someone who does not hold basic human rights in a high regard and I have to applaud them for this. For the first time a bank puts people rights before money :)
I’ve been wanting to get an offshore account for quite a while. However, most of the banks overseas needs a minimum of $5000 or $10000 and I frankly do not have that type of money and I would need to save for at least a year for me to gather that amount of money to actually open an account.
Any who, so I decided to take a look at the bank and see what they offer. The first thing I HAD to notice was the Student Accounts which really is affordable and looks quite profitable in the long time.
So yes, I was VERY much interested until I was taking a glance through the terms and conditions and found out I wasn’t even liable to apply for an “online” account.
Extracted from their website:
“1. ACCOUNT BASICS
1.1 To open and maintain an account you must:
be a UK Citizen and resident or:
if you are a foreign national you must have been a UK resident for a minimum of 3 years
be over 17 years and 6 months in full time education, an under or post graduate student, including mature students and existing students
pay an initial payment into your account of over £100. ”
What really annoys me about this is how they claim they are a completely online bank account and yet they only offer their services to UK citizens or full-time students in the UK.
When am I going to find a offshore account that doesn’t expect so damn much? Oh but if you’re living in England and are interested, take a look at their “ethical” insurance policy… Ethical Insurance
Now, despite all of this - I couldn't help but take a look through their policies and I must say that I am impressed. Despite the fact that I feel a little back stabbed that only UK residents can apply for this! They will not sponsor someone who does not hold basic human rights in a high regard and I have to applaud them for this. For the first time a bank puts people rights before money :)