Citibank Closes Accounts Associated with Adult - GoFuckYourself.com

Jace · 01-13-2006, 01:32 AM

http://www.avn.com/index.php?Primary...tent_ID=254720

Quote:

CHATSWORTH, Calif. - The Chatsworth, California branch of Citibank has recently, proactively closed some of its accounts because they were operated by organizations that Citibank deemed ?not within their target market.?

Kimberly Wilson, founder and CEO of Inpulse TV, told AVN.com that three of her accounts with Citibank - Inpulse Pictures, Inpulse TV and Inpulse Digital - have all been picked to be closed, as of January 9.

Wilson was notified by letter that the accounts she has had with Citibank since 2003 will soon be terminated. When Wilson pressed Citibank to find out why the accounts were being closed, she was reportedly told by the Chatsworth Citibank financial center manager that since Wilson?s companies are associated with the Adult Entertainment Industry (Inpulse TV is an Adult cable network created by women, for women), they were not within Citibank?s target audience, and thus her bank accounts were being terminated.

Wilson said that Citibank employees also alluded to her that Inpulse accounts were not the only ones that the bank would be closing.

?I explained to Citibank that Inpulse is a completely legitimate company run completely by women, and that I?ve had these accounts since 2003,? said Wilson. She plans on taking further action on the matter.

When contacted, Citibank had no comment.

The adult entertainment industry is estimated to employ in excess of 15,000 people in California alone, a huge amount residing in the proverbial epicenter of adult, Chatsworth. That population is largely responsible for generating the 12 billion dollars that the adult entertainment industry has been estimated to net, just in 2005.

It looks like Citibank has its work cut out for them.

3M TA3 · 01-13-2006, 01:45 AM

yeah citibank sucks, i'm not suprised at all

SmutGiant · 01-13-2006, 01:53 AM

Citi Corp is the largest asset holder in the world. Closing all merchant accounts accociated with adult will have virtually no impact on their net worth.

Trax · 01-13-2006, 02:03 AM

citi can suck my dick
I closed my account with them long time ago
i didnt want to support those close
now I know why
I was right again!

Matt_WildCash · 01-13-2006, 02:52 AM

Many banks will close your account if they know what you do. If you admit to them you do adult dont' be surprised if they close your account at some point.

My ex business partner made the mistake of mentioning to our ISP that we wanted to upload large amounts of data from (at there datacenter), he mentioned it was adult movies and they said "our directors are catholic, i'll have to confirm with them, he came back & said, sorry we don't want your business bye".

Matt

woj · 01-13-2006, 03:26 AM

ouch, that's rough, first paypal, now citibank, down the road we will all probably end up using egold for all transactions as we'll be banned everywhere else

Jace · 01-13-2006, 03:31 AM

Quote:

Originally Posted by woj

ouch, that's rough, first paypal, now citibank, down the road we will all probably end up using egold for all transactions as we'll be banned everywhere else

you know, years from now if financial institutions keep doing this, I see someone with a more liberal mind opening up more adult friendly businesses...someone out there will eventually see the financial benefit of the porn world and reap the rewards

Jace · 01-13-2006, 03:33 AM

Quote:

Originally Posted by Matt_WildCash

Many banks will close your account if they know what you do. If you admit to them you do adult dont' be surprised if they close your account at some point.

My ex business partner made the mistake of mentioning to our ISP that we wanted to upload large amounts of data from (at there datacenter), he mentioned it was adult movies and they said "our directors are catholic, i'll have to confirm with them, he came back & said, sorry we don't want your business bye".

Matt

That is why we always try and find a credit union, or some place that is non-profit with a more liberal view on the world

this is the bank we are using now, we love it, they love us www.bondcu.com

Dagwolf · 01-13-2006, 03:48 AM

Fuck them. A $12 billion industry (give or take) should be able to set up its own banking system.

Jace · 01-13-2006, 03:48 AM

Quote:

Originally Posted by Dagwolf

Fuck them. A $12 billion industry (give or take) should be able to set up its own banking system.

hell yeah man, that is exactly what I am saying!

SmokeyTheBear · 01-13-2006, 03:53 AM

wow interesting

adultchica · 01-13-2006, 04:00 AM

Fuck them, they are only doing it to "look right and pure" to their "religious" or "upscale" customers who frown on porn.

Jace · 01-13-2006, 04:06 AM

Quote:

Originally Posted by adultchica

Fuck them, they are only doing it to "look right and pure" to their "religious" or "upscale" customers who frown on porn.

yup

no matter how much we don't want to admit it, our nation is run by the religious freaks

DutchTeenCash · 01-13-2006, 05:14 AM

Theyll kick your ass yes if they know what youre doing... upfront telling and getting written approval is the best

Doctor Dre · 01-13-2006, 05:19 AM

I'm not surprised. Banks never gave a rat ass about this industry anways... frozen pizza is more money for them then our industry.

Nydahl · 01-13-2006, 05:27 AM

happened to me for 3 times already with 3 different banks. 1 bank hold my money for 6 months
some1 should establish some stable institution for payments in adult industry

Grapesoda · 01-13-2006, 05:30 AM

Quote:

Originally Posted by Jace

you know, years from now if financial institutions keep doing this, I see someone with a more liberal mind opening up more adult friendly businesses...someone out there will eventually see the financial benefit of the porn world and reap the rewards

Halliburton

26MLR · 01-13-2006, 05:39 AM

That new company 365 just got a new IPSP account, so theres a bank someplace thats intersted.

Greg MissionD · 01-13-2006, 05:43 AM

ShittyBank closed my account in Singapore last year due to adult and too many transactions, is what they told me.

I was not alone on this as there were other people that I know that also were affected, it's ok if you are a drug dealer and work at the bank so I heard!

They have been know for doing dodgy business with all sorts of scandals

Scandals after the 1998 Citigroup Merger
Stealing employees and clients 1999
Illegal practices in Japan 2001
Mortgages scandal 2002
Alleged complicity in a fraud 2003
Misinformation 2003
Staff Helping another fraudster 2002/3
Late 2003 Emerging Mutual Funds Scandal
The Global 10 billion Euro Parmalat fraud
Citizen's Awards
Worlds most destructive bank award 2000
One of Corpwatch's 10 worst corporations 2002
Fraud by employees

Peaches · 01-13-2006, 05:44 AM

AOL probably has more porn on it via the chatrooms, home pages, emails, etc. I wonder if they're going to shut down processing for them too? Or what about DirecTV? If I buy a porno at my hotel can I now not put it on my Citibank card?

The hypocrisy of these companies is incredible.

Jon Clark - BANNED FOR LIFE · 01-13-2006, 05:49 AM

Quote:

Originally Posted by Nydahl

happened to me for 3 times already with 3 different banks. 1 bank hold my money for 6 months
some1 should establish some stable institution for payments in adult industry

That is why I keep my money in my pocket or in the safe!

V_RocKs · 01-13-2006, 06:23 AM

Quote:

Originally Posted by NetDomainia

That is why I keep my money in my pocket or in the safe!

Exactly...

Ron Bennett · 01-13-2006, 06:28 AM

Has anyone successfully filed a class-action lawsuit in the U.S. regarding merchant account access?

Most people, including local, state, and federal government, use credit cards - it's become for all practical purposes the new defacto-currency ... thus it only seems fair that all legal businesses should have similar access to quality, affordable merchant accounts too.

Ron

HairToStay · 01-13-2006, 06:28 AM

Bank Of America did this a few years ago. I remember one of the major sponsors paid their affiliates and all the checks bounced because BofA closed the account with no notification.

Oddly enough, I still have a few sponsors who pay me via Bank of America.

G-Rotica · 01-13-2006, 07:46 AM

I deal with a little bank out of Hills Iowa. They have like 6 branches. They know what I do. They love my money. They want more.

01-13-2006, 01:45 AM	#2
3M TA3 Confirmed User Join Date: Aug 2005 Location: So Cal Posts: 2,972	yeah citibank sucks, i'm not suprised at all __________________ Dedicated and colo hosting: ICQ 291313057 "A problem cannot be solved from the same consciousness that created it. We must learn to see the world anew." - Albert Einstein

01-13-2006, 02:52 AM	#5
Matt_WildCash Confirmed User Join Date: Jan 2003 Posts: 1,699	Many banks will close your account if they know what you do. If you admit to them you do adult dont' be surprised if they close your account at some point. My ex business partner made the mistake of mentioning to our ISP that we wanted to upload large amounts of data from (at there datacenter), he mentioned it was adult movies and they said "our directors are catholic, i'll have to confirm with them, he came back & said, sorry we don't want your business bye". Matt __________________ Try the New XMovies.com and make more $$$ with your Traffic

01-13-2006, 03:26 AM	#6
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	ouch, that's rough, first paypal, now citibank, down the road we will all probably end up using egold for all transactions as we'll be banned everywhere else __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

01-13-2006, 03:48 AM	#9
Dagwolf President of Canada Join Date: Sep 2003 Location: Leaving Hell, Entering Limbo Posts: 23,141	Fuck them. A $12 billion industry (give or take) should be able to set up its own banking system. __________________ Sleep well, and dream of large women.

01-13-2006, 03:53 AM	#11
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	wow interesting __________________ hatisblack at yahoo.com

01-13-2006, 01:53 AM	#3
SmutGiant Confirmed User Join Date: Oct 2003 Posts: 4,895	Citi Corp is the largest asset holder in the world. Closing all merchant accounts accociated with adult will have virtually no impact on their net worth.

01-13-2006, 02:03 AM	#4
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	citi can suck my dick I closed my account with them long time ago i didnt want to support those close now I know why I was right again!

01-13-2006, 04:00 AM	#12
adultchica Confirmed User Join Date: Sep 2005 Location: usa Posts: 5,141	Fuck them, they are only doing it to "look right and pure" to their "religious" or "upscale" customers who frown on porn. __________________

01-13-2006, 05:14 AM	#14
DutchTeenCash I like Dutch Girls Join Date: Feb 2003 Location: dutchteencash.com Posts: 21,684	Theyll kick your ass yes if they know what youre doing... upfront telling and getting written approval is the best __________________ ICQ 16 91 547 - SKYPE dutchteencash bob AT dutchteencash DOT com ... did you see our newest Sweet Natural Girl Priscilla (18)?

01-13-2006, 05:27 AM	#16
Nydahl Confirmed User Join Date: Sep 2002 Location: closer then it appears Posts: 6,655	happened to me for 3 times already with 3 different banks. 1 bank hold my money for 6 months some1 should establish some stable institution for payments in adult industry __________________ www.garciniatrio.com www.acaitrio.com www.greencoffeetrio.com ICQ 153918034 email [email protected]

01-13-2006, 05:39 AM	#18
26MLR Confirmed User Join Date: Dec 2005 Location: USA Posts: 401	That new company 365 just got a new IPSP account, so theres a bank someplace thats intersted.

01-13-2006, 05:43 AM	#19
Greg MissionD Confirmed User Join Date: Apr 2005 Posts: 4,866	ShittyBank closed my account in Singapore last year due to adult and too many transactions, is what they told me. I was not alone on this as there were other people that I know that also were affected, it's ok if you are a drug dealer and work at the bank so I heard! They have been know for doing dodgy business with all sorts of scandals Scandals after the 1998 Citigroup Merger Stealing employees and clients 1999 Illegal practices in Japan 2001 Mortgages scandal 2002 Alleged complicity in a fraud 2003 Misinformation 2003 Staff Helping another fraudster 2002/3 Late 2003 Emerging Mutual Funds Scandal The Global 10 billion Euro Parmalat fraud Citizen's Awards Worlds most destructive bank award 2000 One of Corpwatch's 10 worst corporations 2002 Fraud by employees __________________ ICQ:119936

01-13-2006, 05:44 AM	#20
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	AOL probably has more porn on it via the chatrooms, home pages, emails, etc. I wonder if they're going to shut down processing for them too? Or what about DirecTV? If I buy a porno at my hotel can I now not put it on my Citibank card? The hypocrisy of these companies is incredible.

01-13-2006, 06:28 AM	#23
Ron Bennett Confirmed User Join Date: Oct 2003 Posts: 1,653	Has anyone successfully filed a class-action lawsuit in the U.S. regarding merchant account access? Most people, including local, state, and federal government, use credit cards - it's become for all practical purposes the new defacto-currency ... thus it only seems fair that all legal businesses should have similar access to quality, affordable merchant accounts too. Ron __________________ Domagon - Website Management and Domain Name Sales

01-13-2006, 06:28 AM	#24
HairToStay Confirmed User Join Date: Oct 2002 Location: Southcoast, Mass. Posts: 1,521	Bank Of America did this a few years ago. I remember one of the major sponsors paid their affiliates and all the checks bounced because BofA closed the account with no notification. Oddly enough, I still have a few sponsors who pay me via Bank of America. __________________ Make bank by giving your surfers free pics every day and it costs you NOTHING! Use POTD Sponsors to find adult sponsors in more than 75 niches who offer a POTD feature!

01-13-2006, 07:46 AM	#25
G-Rotica Confirmed User Industry Role: Join Date: Aug 2005 Location: Austin, TX Posts: 4,258	I deal with a little bank out of Hills Iowa. They have like 6 branches. They know what I do. They love my money. They want more. __________________