Bank of America Freezes Firearms Mfrs Acct

[stick4]

http://cnsnews.com/blog/gregory-gwy...un-manufacturers-account-company-owner-claims

Bank of America has reportedly frozen the account of gun manufacturer American Spirit Arms, according to its owner, Joe Sirochman.

In a Facebook post dated December 29, Sirochman wrote the following:

“My name is Joe Sirochman owner of American Spirit Arms...our Web site orders have jumped 500 percent causing our Web site e-commerce processing larger deposits to Bank of America. So they decided to hold the deposits for further review.

“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 -- her exact words were -- ‘We believe you should not be selling guns and parts on the Internet.’”(emphasis added)

Sirochman also wrote that he told the bank manager that “they have no right to make up their own new rules and regs” and that “[American Spirit is a] firearms manufacturer with all the proper licensing.”

He also noted that he has been doing business with Bank of America for over 10 years, but will now be looking for a new bank.

According to Unlawful News, 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.

 

[Tuplumber]

BOA has always been very difficult to deal with and this is one more reason not to bank with them.

 

[andrsnsm]

BOA sucks. Period

 

[okiebryan]

I can't believe that people are still doing business with BOA. They've been pulling this garbage for years, as well as changing the order that items are presented against the account in order to maximize the number of NSF fees they charge their account holders.

 

[Glocktogo]

BOA is the debil. Any gun industry manufacturer still doing business with them after what they did to McMillan is stupid and deserves what they get.

 

[Parks 788]

I can't believe that people are still doing business with BOA. They've been pulling this garbage for years, as well as changing the order that items are presented against the account in order to maximize the number of NSF fees they charge their account holders.

Yes and agreed. But there is approx 53% of stupid Americans that are probably happy with what BofA is doing. So they still have a loyal customer base.

 

[R. Johnson]

In my opinion this is equal to theft. They're preventing the gun manufacturer from using their own funds while simultaneously using those funds for loans, investments, and the other stuff a bank uses your cash for. They ought to press charges.

 

[Billybob]

In my opinion this is equal to theft. They're preventing the gun manufacturer from using their own funds while simultaneously using those funds for loans, investments, and the other stuff a bank uses your cash for. They ought to press charges.

I wouldn't be holding my breath waiting for BoA or other banks to be held accountable for their actions From the mortgage fraud scandal to laundering drug money and everything in between too big to fail means too big to jail.

BOA $10 Billion Settlement

http://origin.wusa9.com/consumer/article/237036/37/BOA-10-Billion-Settlement

HSBC: Too Big To Prosecute?

http://abcnews.go.com/Blotter/hsbc-pay-record-19-billion-settle-money-laundering/story?id=17934134

 

[AKguy1985]

BOA sucks. Period

x2, another reason that BOA sucks!

 

[Joeh]

I have had some terrible experiences with BOA. First order of business when I got married was to migrate my wife's account from BOA over to my bank.

Between my bad experiences, and the stories I hear across various internet forums, it's hard to believe that there is anyone who would use them. Bad customer service and mixing business with political stances are things I'm not a fan of.