Nigel Farage’s Coutts account was closed because he did not toe the establishment line. Others have had the same treatment. What does the Bible say about bank accounts? Let’s look at the Bible on banking!
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Initially Dame Alison Rose, the Chief Executive of NatWest, who own Coutts, told a BBC journalist that Mr Farage’s account was closed after he fell below the bank’s ‘wealth requirements.’ The Guardian reported on 26th July 2023 how that (untrue) breach of confidence led to her resignation after evidence from Coutts showed the Brexiteer was really ‘de-banked’ for his political views. Mr Farage submitted a subject access request to Coutts which resulted in their disclosure of a 40-page document concluding the former Brexit Party leader’s views were “at odds with our position as an inclusive organisation” as Sky reports here.
Three weeks earlier, the Guardian was reporting on the ‘lack of funds’ story, not yet knowing Dame Alison planted it, but also quoting the former Brexit party leader on his suspicion that the closure of his account was linked to his status as a politically exposed person (PEP).
Non-woke pressure group refused a bank account
According to the Telegraph , Metro Bank refused to open a new business account for Our Duty, a group of more than 2,000 parents who believe that it is harmful for transgender children to undergo a medical transition.
The group’s founder, Keith Jordan, said that a manager told the group it could not open a business account because ‘the content of your website conflicts with the culture and ideas we are pushing’. Shooting clubs have also reported being ‘de-banked’.
Even earlier, in June 2005, Christian Voice was ‘non-banked’ by the Co-op, and forced to move banks.
The ‘ethical’ bank who claim not to discriminate, discriminated against Christian Voice because our Christian beliefs based on scripture and evidence lead us to oppose homosexual rights and homosexual practice. Both of those, we since discovered, the Co-op support avidly, sponsoring homosexual events and ‘gay pride’ parades.
Meanwhile, an EU-era law is being blamed, not just for Mr Farage’s exclusion from Coutts but for his failure to find a new bank to accept him. But even if the ‘politically exposed persons’ phrase is deleted, the woke banks, all led by ‘Remainers’ and all members of Stonewall’s ‘Diversity Champions’, will surely find another way to exclude people and refuse them an account, despite bluster from Culture Secretary Lucy Frazer MP.
There are echos here of lockdown, when governments, contrary to all that is holy, forbad people from working and earning a living. So what does the Bible say about banking in the modern age?
The Bible on banking
Working for a living encapsulates the essential pursuit of sustenance, purpose, and personal fulfillment throughout human history, as individuals navigate their career paths to find balance between financial stability and a meaningful life. Therefore, man is to work for a living.
The Bible says,
Gen 2:15 And the LORD God took the man, and put him into the garden of Eden to dress it and to keep it.
The command is repeated in the New Testament:
2Thess 3:10 For even when we were with you, this we commanded you, that if any would not work, neither should he eat.
And most men receive wages for their work:
Gen 29:15 And Laban said unto Jacob, Because thou art my brother, shouldest thou therefore serve me for nought? tell me, what shall thy wages be?
Payment in cash on the day
Indeed, working people rely on their wages. In Bible times payment in cash on the day was usual, as in our Lord’s parable of the workers in the vineyard:
Matt 20:8 So when even was come, the lord of the vineyard saith unto his steward, Call the labourers, and give them their hire, beginning from the last unto the first.
That approach is commanded in the Law:
Deut 24:15 At his day thou shalt give him his hire, neither shall the sun go down upon it; for he is poor, and setteth his heart upon it: lest he cry against thee unto the LORD, and it be sin unto thee.
The Apostle Paul contrasts earned wages and a gift as he writes about sin and forgiveness:
Rom 6:23 For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.
The dear Apostle could not use that dramatic insight unless people knew what wages are.
Work and Wealth
In Ecclesiastes the writer brings work and wages together describing the enjoyment of the fruits of our labour as ‘the gift of God:
Eccl 3:13 And also that every man should eat and drink, and enjoy the good of all his labour, it is the gift of God.
The Lord’s people are told that the power to build up wealth comes from the Lord:
Deut 8:18 But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.
Banking in the Bible
Wealth might be stored in buildings and machinery, in flocks and herds of livestock or even in money, in jewellery or in precious metals like gold and silver. Clearly, from the earliest times, men have relied on a medium of exchange to buy and sell.
Gen 23:16 And Abraham hearkened unto Ephron; and Abraham weighed to Ephron the silver, which he had named in the audience of the sons of Heth, four hundred shekels of silver, current money with the merchant.
The Apostle James uses buying and selling to make a point:
Jas 4:13 Go to now, ye that say, To day or to morrow we will go into such a city, and continue there a year, and buy and sell, and get gain:
One might be tempted to suggest you don’t find banks in the Bible, But, yes you do. Jesus asked the slothful servant:
Luke 19:23 Wherefore then gavest not thou my money into the bank, that at my coming I might have required mine own with usury?
Set your affection on things above
We might think Christians should be focussing on higher-minded things than bank accounts. After all, Scripture says:
Col 3:1 If ye then be risen with Christ, seek those things which are above, where Christ sitteth on the right hand of God. 2 Set your affection on things above, not on things on the earth. 3 For ye are dead, and your life is hid with Christ in God.
The context there is not daily life and earning a living, but on putting on our new life in Christ. Jesus himself also speaks of ‘treasure in heaven’:
Matt 6:21 For where your treasure is, there will your heart be also.
But in the same chapter, our Lord assures us that although we are not to set our affection on material things, the Almighty knows we need them to live:
Matt 6:31 Therefore take no thought, saying, What shall we eat? or, What shall we drink? or, Wherewithal shall we be clothed? 32 (For after all these things do the Gentiles seek:) for your heavenly Father knoweth that ye have need of all these things.
The Apostles needed money for travel and subsistence while taking out the Gospel. Earlier, when God told Jonah to preach at Nineveh, he tried to go in the opposite direction, and that cost money:
Jonah1:3 But Jonah rose up to flee unto Tarshish from the presence of the LORD, and went down to Joppa; and he found a ship going to Tarshish: so he paid the fare thereof, and went down into it, to go with them unto Tarshish from the presence of the LORD.
A form of oppression
Mr Farage observes that he has become a ‘non-person’ by his exclusion from his bank coupled with his inability to find another. Indeed, in today’s society, all over the world, it is impossible to function in society with a bank account. Most wages are paid into a bank account. To be refused one in a monopoly is a form of oppression condemned by the prophet:
Isa 5:8 Woe unto them that join house to house, that lay field to field, till there be no place, that they may be placed alone in the midst of the earth!
Even those paid cash need a bank account to pay their insurance, council tax, things ordered online and so much more . We know there are those who would love to see a cashless society. Even today, the train companies are trying to close station ticket offices and force everyone onto machines or online purchases. But many poorer or older people cannot do that.
Statistics of purchases
There are many ordinary people keeping the principle of cash alive by using it for purchases.
Yet a report on Statista shows the use of cash declining from 22% of UK purchases in 2017 to 10% in 2022. The majority are using cards or mobiles. The most dramatic drop of more than half, from 27% to 13%, occurred from 2019 to 2020. Government-sponsored fears about Covid infections accelerated the use of ‘contactless’. Cash has not recovered since, declining a further three percentage points from 2020 to 2022.
It follows from all this that to be denied a bank account in the modern day really is a form of oppression. It means being excluded from society. The Psalmist prays to God:
Psa 55:3 Because of the voice of the enemy, because of the oppression of the wicked: for they cast iniquity upon me, and in wrath they hate me.
That neatly sums up the position for Mr Farage, for ‘Our Duty’ and for Christian Voice in 2005. We are all excluded because the woke bankers hate us and our views. We might detest woke policies, but the Bible assures us the feeling is mutual from those who claim to be tolerant and inclusive:
Prov 29:27 An unjust man is an abomination to the just: and he that is upright in the way is abomination to the wicked.
To work and freely enjoy the fruits of our labour is the gift of God as the Ecclesiastes readings above and below testify. Denying men their basic God-given right to transact business is a function of an antichrist system, as the Revelation reading below shows us. These are reasons enough for Christian Voice and our members to oppose it in prayer and action.
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Read and Pray
Eccl 5:19, 9:7; Rev 13:17
Pray for total repentance
Pray against evil devices and policies
Pray for God’s wisdom and direction for our leaders
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