EPISODE · Feb 11, 2025 · 28 MIN
What happens when your bank dumps you
from The Decibel · host The Globe and Mail
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 for 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.Questions? Comments? Ideas? E-mail us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
What this episode covers
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 for 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.
NOW PLAYING
What happens when your bank dumps you
No transcript for this episode yet
Similar Episodes
Mar 26, 2026 ·1m
Mar 19, 2026 ·34m
Feb 18, 2026 ·11m
Feb 11, 2026 ·45m