Banks Must Give Clear Reasons and Appeal Rights When Closing Accounts — 7 signatures. Status: rejected.
Require banks to provide clear written reasons for account closures, give customers reasonable notice, and guarantee a fair right of appeal reviewed independently. Ensure regulatory oversight so lawful individuals and businesses are not denied banking services without transparency or due process.
Introduce legal requirements forcing banks to give clear, specific written reasons when closing customer accounts, except where strictly prohibited by law. Customers must receive reasonable notice and have a guaranteed right to appeal through an independent review. Regulators should oversee closures to prevent unfair, arbitrary, or discriminatory financial exclusion of lawful individuals and businesses.
View this petition on the official UK Parliament website