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Review of the Triodos Bank, Current Account:

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Most Ethical Bank

After spending many months, researching, corresponding with banks and banking reviewing companies etc I came to the conclusion that Triodos is currently the most ethical bank. I desperately wanted to open a current account with banks such as starling and monzo that are taking the banking world by storm. However, the numerous phone calls and email exchanges I had with their employees and representative's reassured me everytime that triodos is the bank for me. Monzo was very quiet regarding it's ethichs although it's mentioned as an ethical bank on many articles that I read I found this very misleading. When i reached out to monzo to actually find out how and what they use their customers money to invest in, they didn't provide any reassurances that they don't invest in arms, war's, fossil fuels etc. Starling bank responded with the fact that they don't support any oppressive regimes (which is extremely subjective if your the one oppressing or being oppressed) and that was the end of their ethics. When I sought further information as to which regimes, governments, companies they actually invest in because like many people I want a better world for my children and future generations... I was faced with complete silence. To conclude if a bank isn't transparent with it's customers when asked mutliple times how they use the money the customers holds in their current account, then this shows a lack of transparency and honesty. If the money was used for mainly good investments there is no doubt in my mind that this would lead to an advertising campaign promoting the banks ethics, the communities it's helped etc. But to be faced with complete silence from Monzo and a short paragraph by starling bank, I'm willing to look past their innovative banking ideas and use Triodos that is a growing bank but know my money is being spent helping other communities, preventing deforestation, promoting family and animal welfare. Reviewed on: 15th January 2022

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