are US banks getting extra coutious? - GoFuckYourself.com

Serge Litehead · 05-13-2003, 06:10 PM

I?ve just opened new business checking account at chase Manhattan, last time I did that was over 3 years ago.
I was pretty surprised when they told me I cannot accept wire transfers in a period of 6 month from opening an account.
Honestly I wasn't prepared for such outcome.
I?m wondering are there any banks that don't make your business loose potential business because of this matter. Certainly, I hope it is not being regulated throughout all banks on US soil.
What is your experience regarding this topic?

Amputate Your Head · 05-13-2003, 06:12 PM

detoxed · 05-13-2003, 06:15 PM

switch banks, any bank that tells you what you can and cant do to make them money doesnt deserve your business.

gothweb · 05-13-2003, 06:15 PM

Sounds like "anti-terrorism" money laundering prevention laws to me.

sextoyking · 05-13-2003, 06:15 PM

Exactly Goth..

ronin · 05-13-2003, 06:19 PM

good banks these days, hard to come by

Serge Litehead · 05-13-2003, 06:34 PM

Thanks all, I appreciate your input

AMP, where are you staying now?

Kevlar · 05-13-2003, 08:28 PM

That's nuts, fuck them, go somewhere else.

Amputate Your Head · 05-13-2003, 08:29 PM

Quote:

Originally posted by holograph
Thanks all, I appreciate your input

AMP, where are you staying now?

me personally? Or are we still talking about banks.... ?

chodadog · 05-13-2003, 08:30 PM

Speaking of banks. Got this in an email today from SilverCash.

"Bank Of America closed our bank accounts (with next to no notice). They learned our business is with the adult industry and do not want to be affiliated."

That's ridiculous. Like banks have morals all of a sudden.

Amputate Your Head · 05-13-2003, 08:31 PM

Quote:

Originally posted by chodadog
Speaking of banks. Got this in an email today from SilverCash.

"Bank Of America closed our bank accounts (with next to no notice). They learned our business is with the adult industry and do not want to be affiliated."

That's ridiculous. Like banks have morals all of a sudden.

B of A has not been adult friendly for a while now... this isn't anything new, it's just that they got caught.

KRL · 05-13-2003, 08:34 PM

There will be tremendous opportunities for banks that will seriously take care of customers like in the old days to grab market share. The problem with banking is there are too many consolidations of major money center banks. They are run by corpies and not bankers. The Patriot act also put them on notice to clean up their money laundering accounts, so they are all being extra cautious.

Its really time to look into buying one of these small banks or forming one to take care of your banking needs.

I don't trust any of them.

MrPanama · 05-13-2003, 08:41 PM

Quote:

Originally posted by holograph
I?ve just opened new business checking account at chase Manhattan, last time I did that was over 3 years ago.
I was pretty surprised when they told me I cannot accept wire transfers in a period of 6 month from opening an account.
Honestly I wasn't prepared for such outcome.
I?m wondering are there any banks that don't make your business loose potential business because of this matter. Certainly, I hope it is not being regulated throughout all banks on US soil.
What is your experience regarding this topic?

Are you East Indian?

05-13-2003, 06:10 PM	#1
Serge Litehead Confirmed User Industry Role: Join Date: Dec 2002 Location: Behind the scenes Posts: 5,190	are US banks getting extra coutious? I?ve just opened new business checking account at chase Manhattan, last time I did that was over 3 years ago. I was pretty surprised when they told me I cannot accept wire transfers in a period of 6 month from opening an account. Honestly I wasn't prepared for such outcome. I?m wondering are there any banks that don't make your business loose potential business because of this matter. Certainly, I hope it is not being regulated throughout all banks on US soil. What is your experience regarding this topic? __________________ SilverCrocodile.com Adult web design since '05

05-13-2003, 06:12 PM	#2
Amputate Your Head There can be only one Industry Role: Join Date: Aug 2001 Location: Somewhere else Posts: 39,075	__________________ SIG TOO BIG

05-13-2003, 06:15 PM	#4
gothweb Confirmed User Join Date: Jun 2002 Location: Back in the USSA Posts: 8,849	Sounds like "anti-terrorism" money laundering prevention laws to me. __________________ Photos by Ian X.: Distinctive photos of goth babes. Blood Money:Your traffic, my sites, our money. MojoHost: Still the best.

05-13-2003, 06:15 PM	#5
sextoyking Confirmed User Industry Role: Join Date: Dec 2001 Location: Portland, OR. Posts: 6,034	Exactly Goth.. __________________ ICQ: 52344098 -------------------------------------- 50% Commissions on all Product Sales. http://www.wishing.com/money

05-13-2003, 06:34 PM	#7
Serge Litehead Confirmed User Industry Role: Join Date: Dec 2002 Location: Behind the scenes Posts: 5,190	Thanks all, I appreciate your input AMP, where are you staying now? __________________ SilverCrocodile.com Adult web design since '05

05-13-2003, 06:15 PM	#3
detoxed vip member Join Date: Jan 2003 Posts: 17,798	switch banks, any bank that tells you what you can and cant do to make them money doesnt deserve your business.

05-13-2003, 06:19 PM	#6
ronin Confirmed User Join Date: Aug 2002 Location: Main St. Posts: 1,300	good banks these days, hard to come by

05-13-2003, 08:28 PM	#8
Kevlar Confirmed User Join Date: Mar 2003 Posts: 309	That's nuts, fuck them, go somewhere else. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

05-13-2003, 08:30 PM	#10
chodadog Confirmed User Join Date: Apr 2002 Posts: 9,736	Speaking of banks. Got this in an email today from SilverCash. "Bank Of America closed our bank accounts (with next to no notice). They learned our business is with the adult industry and do not want to be affiliated." That's ridiculous. Like banks have morals all of a sudden. __________________ 26 + 6 = 1

05-13-2003, 08:34 PM	#12
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	There will be tremendous opportunities for banks that will seriously take care of customers like in the old days to grab market share. The problem with banking is there are too many consolidations of major money center banks. They are run by corpies and not bankers. The Patriot act also put them on notice to clean up their money laundering accounts, so they are all being extra cautious. Its really time to look into buying one of these small banks or forming one to take care of your banking needs. I don't trust any of them. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains