TMNDxxx

I opened a business checking account at BOA for my LLC related to my adult site last year, however the guy who built/designed it for me told me I definitely shouldn't tell them the true nature of my business and to keep it vague like "private investment firm" etc. so I did that.

Is it really necessary to lie? I would imagine any bank would appreciate the amount of money that the adult industry makes every year, but I realize there's probably a lot of risk involved from their end.

I also opened a Venmo account and made the mistake of being honest about it being an adult site and they froze the account.

So does everyone in the adult industry have to lie when it comes to banking/payment vendors? That seems ridiculous.