Farage claims that the elite bank took the action because his views did not align with the firm's "values." However, other media reports suggest that it was due to his finances not reaching the company's threshold.

Coutts has insisted that it does not close accounts "solely on the basis of legally held political and personal views." The controversy began when Farage claimed to have a 40-page document that proved Coutts "EXITED" him because he was regarded as "xenophobic and racist" and a former "fascist." In a letter to Farage, Chief Executive Officer of NatWest, Alison Rose, offered an apology for any "deeply inappropriate comments" made about him in documents prepared for the company's wealth committee, and stated that the remarks "did not reflect the view of the bank." Rose added that freedom of expression and access to banking are fundamental to society, and it is not the policy of the bank to exit a customer based on legally held political and personal views.

The bank has now offered "alternative banking arrangements" at NatWest.

Farage called the apology "a start, but it is no way near enough" and claimed that the apology felt "a bit like, 'not me guv'." He also praised the government's "superb" and "rapid reaction" in announcing new stricter measures on banks closing accounts to protect freedom of expression.

The Treasury stated that organizations will now have to inform customers of the reasons why they are closing accounts and extend the notice period from 30 days to 90, giving customers more time to challenge the decision or find a new bank.

Farage also claimed that his apology from Rose only came about due to pressure from the Treasury and wanted to know "what was said at a dinner" between Rose and a BBC journalist.

Sky News has contacted Coutts and Farage for comment.

Nigel Farage, the former leader of the UK Independence Party (UKIP), has accused the Coutts bank of closing his account because of his political views, despite the bank's claim that it was due to a lack of transparency in the account.

In a letter to Mr. Farage, Tracy Edwards, the CEO of Coutts, apologized for the decision to close his account and acknowledged that the bank's processes for closing accounts were not transparent enough.

However, Ms. Edwards also stated that the bank does not close accounts based on political views.

Mr. Farage rejected Ms. Edwards' explanation, saying that he had been a customer of Coutts for over 20 years and had always been transparent about his political views.

He accused the bank of being "very sloppy" and "breathtakingly stupid" for not realizing that he was a prominent political figure.

The row between Mr. Farage and Coutts has raised questions about the transparency of bank account closures and whether banks are allowed to close accounts based on a customer's political views.

It is not uncommon for banks to close accounts that are deemed to be commercially unviable or pose a reputational risk.

However, banks are also required to follow due process and provide clear reasons for their decisions.

In light of the row between Mr. Farage and Coutts, the Treasury Select Committee has announced that it will reconvene to investigate the matter further.

The committee will have the opportunity to hear from Ms. Edwards and Mr. Farage and determine whether any further action is necessary.

In the meantime, Coutts has stated that it will review its processes to ensure that customers are provided with a better, clearer, and more consistent experience in the future.