April 11, 2007

Cooperative Banking

The Cooperative Bank is a consumer led, ethically driven bank in the UK. It offers a wide array of options for its customers, and has a variety of bank account offerings for its online customers.

The Cooperative Bank offers its customers a choice of both debit and ATM cards with a £250 a day limit for cash machine withdrawals and the ability to pay for purchases using the cards. Customers can get customer service by internet and by telephone 24 hours a day.

One of the neat things, though, is that the bank operates on the following principles.

Through our investments, we seek to support the principles of the Universal Declaration of Human Rights.

In line with this, we will not invest in:

* any government or business which fails to uphold basic human rights within its sphere of influence.
* any business whose links to an oppressive regime are a continuing cause for concern.

Now I would be interested in understanding a little bit better how they make the determinations about the regimes deemed "oppressive", but presuming they are acting in an ethical fashion I believe that I could actively support that policy. I'm a little bit less excited about certain other aspects of their ethical policy, but fully support the right of consumers to seek out services from businesses that follow their moral values.

Paid Endorsement.

Posted by: Greg at 10:44 PM | No Comments | Add Comment
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