All entries for Tuesday 07 March 2006

March 07, 2006

Banking as a human right

There was a discussion on Radio 4, I think yesterday morning, which concerned banking and the 'essential' commodity of a current bank account.

One of the guests was arguing that the possession of a bank account was a human right, as life without one in this day and age is incredibly difficult. He said that he thought banks should not be allowed to refuse potential customers.

Now, I can understand the sentiment, but banks are ultimately profit-making organisations, and any other business would not be forced to do something they felt would be financially dubious, even if it were disadvantageous to a potential customer.

Also worth considering is that, for most of our other 'essential services', public organisations exist to cater for our needs: the NHS to provide healthcare, the police to enforce the law, state schools for education. Why not for banking?


  • Should banks retain the ability to reject a person's custom if they want?

  • Is banking a human right?

  • If it is, but if we unhold the rights of the banks to reject customers, how do we resolve the problem?

March 2006

Mo Tu We Th Fr Sa Su
Feb |  Today  | Apr
      1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31      

Search this blog


Most recent comments

  • To all of you who have been through or are going through IVF – all the best through the ups and down… by Lela on this entry
  • my boyfriend gets an attitude with me when we are around other girls we do not know what does this m… by kelley on this entry
  • I have to say that the comments that some people have posted i.e. "if you cant have kids then hard l… by Dee on this entry
  • But hang on, I work in HE and my income is less than the minimum income recommended for students – a… by Jeremy on this entry
  • Blaming the media is pointless, the child is 8 years old, he doesn't have an income or a job, it is … by Ryan Glover on this entry

Blog archive

Not signed in
Sign in

Powered by BlogBuilder