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Author Topic: Bank of America freezes gun manufacturers account  (Read 8467 times)

Offline netcoyote

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Bank of America freezes gun manufacturers account
« on: January 07, 2013, 07:04:49 PM »
Some of you have written about BoA activities before. Here's another reason to pull your business out of there.
http://cnsnews.com/blog/gregory-gwyn-williams-jr/bank-america-freezes-gun-manufacturers-account-company-owner-claims
Quote
Bank of America Freezes Gun Manufacturer's Account, Company Owner Claims
By Gregory Gwyn-Williams, Jr.
January 7, 2013


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.

"...t'aint never a thing wrong with a man such that the mountains can't cure."

Offline Huntbear

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Re: Bank of America freezes gun manufacturers account
« Reply #1 on: January 07, 2013, 07:08:16 PM »
I would not use that bank if it was the last one left on earth....
By my honorable conduct as a hunter let me give a good example and teach new hunters principles of honor, so that each new generation can show respect for their god, other hunters and the animals, and enjoy the dignity of the hunt.

Calling an illegal alien an 'undocumented immigrant' is like calling a drug dealer an 'unlicensed pharmacist'.

Offline carpsniperg2

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Re: Bank of America freezes gun manufacturers account
« Reply #2 on: January 07, 2013, 07:11:57 PM »
 :yeah:
Owner: SPLIT DIAMOND TACTICAL
Firearms/Transfers/Parts/Optics
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Offline xd2005

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Re: Bank of America freezes gun manufacturers account
« Reply #3 on: January 07, 2013, 07:13:26 PM »
I would be willing to bet there's more to this story than the one side being presented.

For example, BofA is the issuer for Bass Pro Shops credit card. Doesn't sound like something they would do if they don't think companies should sell guns and parts on the Internet.

Offline MrsTurkeyFeather

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Re: Bank of America freezes gun manufacturers account
« Reply #4 on: January 07, 2013, 07:16:22 PM »
I would not use that bank if it was the last one left on earth....
Yup, with Wells Fargo and Chase not far behind!
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Offline Alan K

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Re: Bank of America freezes gun manufacturers account
« Reply #5 on: January 07, 2013, 07:18:18 PM »
I switched from BoA to US Bank, hopefully they don't follow this lunacy.

Offline TheHunt

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Re: Bank of America freezes gun manufacturers account
« Reply #6 on: January 07, 2013, 07:20:27 PM »
Go to a credit union
275 down 2

Offline MrsTurkeyFeather

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Re: Bank of America freezes gun manufacturers account
« Reply #7 on: January 07, 2013, 07:28:26 PM »
Hey vegitarians!!! My food poops on your food! :-)

Offline netcoyote

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Re: Bank of America freezes gun manufacturers account
« Reply #8 on: January 07, 2013, 08:30:42 PM »
I would be willing to bet there's more to this story than the one side being presented.

For example, BofA is the issuer for Bass Pro Shops credit card. Doesn't sound like something they would do if they don't think companies should sell guns and parts on the Internet.

BoA are pragmatists. I'm sure the Bass Pro Shop account is a lot bigger than the American Spirit Arms account. They will look the other way if there's a buck to be made. They can make media points by grandstanding their position with ASA because they are small potatoes. BoA has never claimed to be  shining example of ideological purity.
"...t'aint never a thing wrong with a man such that the mountains can't cure."

Offline fair-chase

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Re: Bank of America freezes gun manufacturers account
« Reply #9 on: January 07, 2013, 08:43:02 PM »

Offline csaaphill

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Re: Bank of America freezes gun manufacturers account
« Reply #10 on: January 08, 2013, 01:16:38 AM »
here it is folks this isn't a simple bank story boycotitng boa or whoever isn't the real deal this is just anohter part of the fight.
stop saying it wont happen here jump out the pot please damn.
"When my bow falls, so shall the world. When me heart ceases to pump blood to my body, it will all come crashing down. As a hunter, we are bound by duty, nay, bound by our very soul to this world. When a hunter dies we feel it, we sense it, and the world trembles with sorrow. When I die, so shall the world, from the shock of loosing such a great part of ones soul." Ezekiel, Okeanos Hunter

Offline wesnue

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Re: Bank of America freezes gun manufacturers account
« Reply #11 on: November 04, 2016, 12:00:10 AM »
Guess what? I just tried to purchase a 22lr handgun online from 3 locally reputable retailers using my BoA credit card that has 0 balance and I was declined by the payment gateway each time. I used the correct billing info on file with BoA and I even tried to buy on multiple days at different times of day. All guns were in stock and not on backorder. I finally purchased my gun with a Chase card and no problems. I called BoA and of course they couldn't find anything wrong with my account and they said they had no evidence of me trying to purchase anything. Come to find out after speaking with several sales people working for the online gun retailers and they told me in a round about manner that the payment gateways are to blame and they label online firearm sales as "high risk" and BoA declines all high risk sales. When I asked what "high risk" means, the sales clerk laughingly remarked that it has something to do with anti 2nd amendment agenda and declined further comment. I hate to be a conspiracy guy, but it seems to me that BoA does not want to allow USA citizens their right to legally buy firearms online and pickup from a licensed shop owner. The left will allow legal pot and illegal immigration, but no, I can't pay for my 22lr pistol online with BoA card!

Offline Bean Counter

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Re: Bank of America freezes gun manufacturers account
« Reply #12 on: November 04, 2016, 12:41:23 AM »

Offline huntnphool

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Re: Bank of America freezes gun manufacturers account
« Reply #13 on: November 04, 2016, 01:19:16 AM »
Guess what? I just tried to purchase a 22lr handgun online from 3 locally reputable retailers using my BoA credit card that has 0 balance and I was declined by the payment gateway each time. I used the correct billing info on file with BoA and I even tried to buy on multiple days at different times of day. All guns were in stock and not on backorder. I finally purchased my gun with a Chase card and no problems. I called BoA and of course they couldn't find anything wrong with my account and they said they had no evidence of me trying to purchase anything. Come to find out after speaking with several sales people working for the online gun retailers and they told me in a round about manner that the payment gateways are to blame and they label online firearm sales as "high risk" and BoA declines all high risk sales. When I asked what "high risk" means, the sales clerk laughingly remarked that it has something to do with anti 2nd amendment agenda and declined further comment. I hate to be a conspiracy guy, but it seems to me that BoA does not want to allow USA citizens their right to legally buy firearms online and pickup from a licensed shop owner. The left will allow legal pot and illegal immigration, but no, I can't pay for my 22lr pistol online with BoA card!

 So dump them!
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Offline Stickerbush

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Re: Bank of America freezes gun manufacturers account
« Reply #14 on: November 04, 2016, 05:18:32 AM »
Banks are so powerful now, they have our money. Not unlikely that things like ammo and hunting purchases will be unauthorized due to user agreements of using g debit cards
Coastal Perspective.

 


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