BANK OF AMERICA BANS ADULT MERCHANT SILVERCASH
http://www.theadultwebmaster.com/news/030516_news.phtml
May 16th, 2003
According to SilverCash representatives, Bank of America refused to do further business with the company after discovering that SilverCash was engaged in business with the adult industry. SilverCash claims that the company at first was given no reason for being forced to leave Bank of America; after being persistently pestered for a reason, Bank of America finally admitted that they didn?t want to be affiliated with adult entertainment. The decision reportedly came from Bank of America?s main offices, as the local branch manager was said to be shocked to discover that one of his better clients was being pushed out. Fortunately for SilverCash, the company had a back-up banking plan in place and was able to continue operations with little fuss. There?s no indication how Bank of America determined that SilverCash was an adult company in the first place or whether a customer complaint was involved.