Businessman's fury after being turned down for bank account

Tim Platten

Tim Platten

First published in News Bucks Free Press: Photograph of the Author by , Reporter

A JEWELLER said he was made to feel like a criminal after being told his application for a bank account was turned down because of concerns he could be illegally importing diamonds.

Tim Platten's attempts at setting up an account with Metro Bank were rebuffed after bank staff claimed he could use it to store the proceeds from importing diamonds from illegitimate sources.

Fuming Mr Platten fears his attempts at doing business at a new shop he is setting up in Beaconsfield will be harmed as a result.

Mr Platten, who has owned The Jewellery Workshop in Market Square, Amersham, for the last 20 years, said: "I was declined on the grounds I might import diamonds from Israel, or South Africa, or south America.

"I was made to feel like a criminal.

"I'm a legitimate business. All my diamonds come through customs and excise from legitimate sources. What right do they have to say these things?"

Mr Platten, of Copperfields, High Wycombe, added: "I've had an account with HSBC for 20 years and not once have I had a problem."

A Metro Bank spokesman said: "At Metro Bank we are committed to supporting the local personal and business community. Unfortunately in this instance we were unable to assist Mr Platten."

Comments (5)

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6:43pm Wed 13 Aug 14

jxr says...

He looks more peeved than furious.
He looks more peeved than furious. jxr
  • Score: 0

8:13pm Wed 13 Aug 14

Bartholomew HuckleBerry says...

This is not a news story ! Next we will be enlightened by a man being furious at the shopkeeper for not having turnips available in his shop ! What lousy reporters !!!!!
This is not a news story ! Next we will be enlightened by a man being furious at the shopkeeper for not having turnips available in his shop ! What lousy reporters !!!!! Bartholomew HuckleBerry
  • Score: -1

3:09am Thu 14 Aug 14

faircuppa says...

I think it is possibly a national news story. If banks start making political/moral judgments about their customers then some of us can kiss our debit cards goodbye.
It is a serious slur on this man that it was suggested he might have been dealing in blood diamonds from South Africa. With no foundation whatsoever.
The strength of the story is the potential for banks to misuse their power. They could block all sorts of transactions on spurious judgmental grounds. While not bothered whether there is a new jewel shop in Beaconsfield, a parallel might be of a bank blocking finance for any cause or travel arrangement it does not approve of.
I think it is possibly a national news story. If banks start making political/moral judgments about their customers then some of us can kiss our debit cards goodbye. It is a serious slur on this man that it was suggested he might have been dealing in blood diamonds from South Africa. With no foundation whatsoever. The strength of the story is the potential for banks to misuse their power. They could block all sorts of transactions on spurious judgmental grounds. While not bothered whether there is a new jewel shop in Beaconsfield, a parallel might be of a bank blocking finance for any cause or travel arrangement it does not approve of. faircuppa
  • Score: 7

7:34am Thu 14 Aug 14

Brian JM says...

He is a businessman.
This is good publicity.
Why is he unhappy ?
He is a businessman. This is good publicity. Why is he unhappy ? Brian JM
  • Score: 0

7:58am Thu 14 Aug 14

MunsterX says...

Metro Bank rejected my application for a business account, and a brother-in-law had the same experience. Such anecdotes appear dubious when widely circulated.

The origins of the banking system are forgotten by most. Banks originally operated locally for the benefit of merchants and the privately wealthy, who would be unable to transact again if trust were breached (credit - credere - to trust, believe). A punitive arrangement that maintained trust.

Banking, local community, social life, marriages of sons and daughters, were all once intertwined.

And today, eternal servitude for a plot of land that our ancestors would find laughable, limited social interaction and community, and artificial food, products and services that can only disgust the thoughtful man. You do the math.
Metro Bank rejected my application for a business account, and a brother-in-law had the same experience. Such anecdotes appear dubious when widely circulated. The origins of the banking system are forgotten by most. Banks originally operated locally for the benefit of merchants and the privately wealthy, who would be unable to transact again if trust were breached (credit - credere - to trust, believe). A punitive arrangement that maintained trust. Banking, local community, social life, marriages of sons and daughters, were all once intertwined. And today, eternal servitude for a plot of land that our ancestors would find laughable, limited social interaction and community, and artificial food, products and services that can only disgust the thoughtful man. You do the math. MunsterX
  • Score: -4

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