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Review of the Triodos Bank, Current Account:

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Current account with good ethical basis

If I was talking about a Triodos current account I would say something like the following:- Positives- Strong ethical / eco / green philosophy governing the businesses and investments the bank deals with Good current account offering, in line with market offerings from other banks Good customer service Online banking works well and is nicely designed giving access to both current and savings account (but see below) Triodos is open and transparent with regard to business philosophy and lending / investment rules Excellent text/messaging system giving current and timely transaction and balance updates High level of investment in community and social projects Negatives (let's be fair) - Customer management systems are not fully integrated (requires manually completing a new application form when opening other account types) No branches - inconvenient when paying in cheques (yes they still exist) Triodos not recognised by some major financial institutions as a credible bank (I was unable to arrange payment of a pension tax free sum into my Triodos account) Monthly fee - major clearing banks offer 'free' banking Triodos philosophy sometimes verges towards the extreme eco / sjw/ activist views, perhaps with less regard for the reality of daily life as experienced by lower paid members of society No overdraft facility Minor - logon to online banking is clunky Summary Good current account offering which is perfectly adequate for day - day use but lacks some standard banking/current account facilities. Big draw is the high ethical and eco / green standards by which the bank is governed. Reviewed on: 16th December 2019

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