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← The Decibel
What happens when your bank dumps you artwork

What happens when your bank dumps you

The Decibel
28:27
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Show notes

A connection to a bank is an important financial relationship – between chequing and savings accounts, mortgages and loans, they are crucial for paying off bills and long-term planning. But what happens when your bank dumps you? The practice is known as ‘debanking,’ and Canadian banks are turning to it more often when they suspect a customer is involved in criminal activity. Erica Alini, The Globe’s personal economics reporter, explains why debanking is becoming more common and what can happen to someone who’s been ousted by their financial institution. This episode originally aired February 11, 2025. Questions? Comments? Ideas? E-mail us at thedecibel@globeandmail.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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What happens when your bank dumps you — The Decibel | Josplay Music