Bank account closure: 'The impact was enormous'
Following last month’s article, ‘Is your church at risk of having its bank account shut down?’, Evangelicals Now was contacted by the Naval and Military Bible Society (NMBS) who shared their recent struggle of having their bank account unexpectedly closed by Barclays.
Iain Taylor
The NMBS is the oldest Bible society in the world, having provided Bibles to Service and Merchant Navy personnel since 1779. Recently, the Barclay's 'Know your Customer' (KYC) team had asked why their turnover had increased sharply and they were told, by telephone, that it was because of significant extra demand for Bibles for the Ukrainian Armed Forces. Despite reassurances that 'a note would be placed on the account', Barclays swiftly moved to close both accounts.
