Banks fund wars…FACT
Choosing an ethical bank account is one of the simplest and most powerful things you can do.
Which banks support Israel?
Several banks finance Israeli settlements, weapons, and military, which contributes to human rights abuses in Palestine.
It takes a lot of companies to keep an apartheid regime afloat. These companies – ranging weapons manufacturers supplying the Israeli military, to travel booking companies renting out rooms in illegal settlements on Palestinian land – often receive financial services from banks.
Banks have the right to decide who they provide financing to, and for what purposes. In this article we’ve collated information from NGO reports, company websites, and financial filings to show which leading UK current account providers are most heavily linked to Palestinian human rights abuses.
The Ethical Consumers bank guide
The most ethical accounts
Triodos Bank 96/100
Coop Bank 98/100
Cumberland Bank 72/100
Nationwide BS 70/100
Links on each icon
The least ethical accounts
Barclays 0/100
Ulster Bank 0/100
Santander 2/100
Royal Bank of Scotland 2/100
NatWest 2/100
HSBC 2/100
Lloyds 2/100
TSB 14/100
App/Online only banks scored
Monzo 54/100
Starling 46/100
Revolut 38/100
First Direct 2/100
Chase Bank 0/100
Ethical Bank Accounts
Triodos stands ahead of the pack when it comes to ethics and attained a near-perfect score. It charges £3 per month for its current account.
Co-op Bank had strong ethical policies, and its recent acquisition by Coventry Building Society is good news from an ethical standpoint. Its current account is free of charge.
The Ethical Consumer Guide found the top 4 banks were
Co-operative Bank, Cumberland BS, Nationwide BS, Triodos