Changing where you bank is one of the most empowering ways to change our country. Say goodbye to unethical banks and financial services, and switch to green banks. These are designed to help you save and also are simpler and more ethically run. Also see the posts on how to join a credit union and ethical savings accounts and investments.
Triodos Bank is an excellent Dutch bank with a branch in Bristol, where the phones are answered by real people. This bank only invests in green energy and organic farming, and sends customer a full list of everyone it invests in. You can open an online current account (with biodegradable debit card) and they also offer business and charity accounts.
- Reliance Bank is owned by the Salvation Army, so therefore profits from your savings goes to help homeless people. It offers personal, business and charity accounts, along with mortgages. It also runs SAGIC Insurance.
- The Change Account is a simple account, designed to help anyone set up a bank account. It comes with a free debit card, and you save online using a series of budgeting wallets. There are no overdraft facilities and no penalties for missed payments. This is designed to help you save.
- If you have a pooch, Metro Bank is not an ‘ethical bank’, but the former CEO adores dogs, and ensured that all the branches were dog-friendly, with water bowls and biscuits. He has recently left, so hopefully the policy will continue, which included a donation to Dog’s Trust, with each new account.
If you know how to use phone apps (?!), then consider joining one of the new banking apps. These are not marketed as ‘ethical banks’, but they appear to have much better ethics, and great reviews. Visit Monzo, Starling Bank & N26 (three of the most popular).