This happen a few months ago, but I could not believe the reason they did was ""”We Believe you should not be selling guns and parts on the internet.”" WTF?!? Here is the story..
Bank of America allegedly froze the account of gun manufacturer American Spirit Arms, saying the company “should not be selling guns on the Internet,” the company’s owner, Joe Sirochman, alleges.
“My name is Joe Sirochman owner of American Spirit Arms…our Web site orders have jumped 500% causing our Web site e-commerce processing larger deposits to Bank of America. So they decided to hold the deposits for further review,” Sirochman wrote on American Spirit Arms’ official Facebook page on Dec. 29, 2012.
“…as you could imagine this made me furious…After countless hours on the phone with Bank of America I finally got a Manager in the right department that told me the reason that the deposits were on hold for further review,” the post read. “Her exact words were…”We Believe you should not be selling guns and parts on the internet.”
After initially flipping the “f**k out,” Sirochman said he told Bank of America they have no right to make up their own rules and regulations regarding the online sales of firearms.
“[W]e are a firearms Manufacturer with all the proper licensing FFL (Federal Firearm license ), SOT and that we follow all Federal and All States’ rules and regulations on shipping Firearms and parts ..and that we are also Audited by ATF and Homeland Security on a regular basis,” he wrote.
So far, Sirochman says just one-third of the companies Internet sales over a two week period have been released to the company. Needless to say, American Spirit Arms is looking for a new bank.
As CNSNews.com points out, “this isn’t the first time Bank of America has targeted a customer involved in the firearms industry.”
“McMillan Group International was reportedly told that its business was no longer welcome after the company started manufacturing firearms – even after 12 years of doing business with the bank,” the report adds.
WTF?? I cannot believe the banks can get away with that! Whats next? They find out a woman had an abortion and they close her account or freeze until "further reviews"?? Why should any bank care how its customers receive money?? Or spend their money?
This damn shit piss me off. I hate BOA anyway about the shit they were doing to me and my husband and a few thousand other people as well. Too bad our govt just just didn't shut them down.Answer Question
Answer by Ballad at 1:48 AM on Mar. 19, 2013
I don't know why anyone would bank with a bank that took a bailout, and yet seems to have more and more and more assets every day.
Isn't it still legal to sell guns on the internet? When it becomes illegal to do so, at that point BoA can hold the funds. Until then, they need to keep their nose out of their clients business!
Answer by 29again at 1:54 AM on Mar. 19, 2013
I don't think this should be up to the bank to decide. Bank of American does scar me, even before this.
Answer by RyansMom001 at 6:45 AM on Mar. 19, 2013
Answer by kmath at 9:38 AM on Mar. 19, 2013
Answer by QuinnMae at 10:30 AM on Mar. 19, 2013
How is this bank still doing business?! They should be kissing our asses for bailing their asses out with OUR tax dollars! We had a bad experience with them a few years back & will never do business with them again. PNC is another bank that can kiss it where the sun don't shine. We use a local credit union for our banking needs. If it wasn't for our mortgage, we wouldn't deal with a big bank at all. They need to be fined or penalized in some way for doing this kind of crap!
Answer by mrsmom110 at 2:22 PM on Mar. 19, 2013