Bank Accounts

It is likely that most of your money is in a bank account or accounts. This may include current accounts (to make managing your money easier on a day-to-day basis) and savings accounts (in which you gain interest while leaving your money untouched for a longer period of time).

For many people, the main ethical question about bank accounts is what the bank will do with your money. Your bank is making loans and investments. You may want it not to fund industries to which you object (for example, arms or fossil fuels) or you may want it to be more pro-active and fund industries that you would like to see supported (such as renewable energy or social housing). You may have concerns about usury – the practice of making immoral monetary loans – or the bank’s ethics in other areas, such as workers’ conditions or pay ratios.

You may find it helpful to read our section on banking your money.