Dutch bank Triodos has announced plans to launch a personal current account in the UK.
The bank, which has been operating in the UK for more than 22 years, termed the launch of the new account a response to growing consumer demand for banking products with positive impact towards society.
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Until now, the bank has been offering lending services for only organisations and projects with a positive difference to society.
The bank will charge a £3 monthly fee for the new offering, which will have a phased roll out from June 2017.
The account will allow customers to withdraw cash up to £300 from any ATMs across the globe accepting MasterCard and LINK globally.
The bank will not allow unarranged overdrafts, though arranged overdraft limit of up to £2000 will be available by request.
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By GlobalDataTriodos UK managing director Bevis Watts said: “Our new personal current account brings an inspiring new option to the UK current account market, which we believe is dysfunctional and is obviously dominated by a small number of large banks.
“We want people to really think about what their bank is doing with their money. Money doesn’t have to be invested in the arms trade, fossil fuels and tobacco – it can be used to do good things that help build the society we want to live in.
“For many years now, consumers have had the opportunity to align their values with the food they choose to buy, the transport they take, and the energy they consume. Now they have that choice with their daily finances, using their money as an irresistible force for good that works towards positive social, cultural, and environmental change.”
