Friday, 22 June 2012
The money in your bank account funds projects and companies. Some of those might be things you disagree with, such as a arms sales, or tobacco. Very few banks are up-front about what they do with your money. An exception is Triodos Bank - on their site you can view all the projects they fund on a map, and entering your postcode shows those local to you.
The banks you use have an impact on the world, for good or bad. If you are interested in making sure your money is used ethically then there is some excellent information here. Ethical consumer also give a summary of current and savings accounts on their site (you need to subscribe to see the full reports, but EC are an excellent source of information and well worth joining).