Petition Require banks to give a specific, contestable reason before closing an account
Please impose the following legal requirement on banks:
"Before closing a customer's account, the bank must provide the customer with:
1) a valid, specific reason
2) an independent route of appeal."
Banks are currently able to close customers' accounts with neither of the above, a situation which is open to abuse given that such lack of transparency could conceal the reasons for closure, up to and including something as trivial as the institution's personal dislike of either the customer or their opinions, particularly if the customer is a public figure of some description.
The law should require transparency and a right of appeal, and I ask that it be amended as suggested to ensure this.
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament