Silver Cash Checks Bouncing!
 

Just got this email

Important Notice To Our SilverCash Webmasters:

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.

As a result, all checks drawn on our BANK OF AMERICA account will
be RETURNED UNPAID.

If you have a check from BANK OF AMERICA from Price
Communications, Inc. for pay periods before 03/30/2003 OR if you have
a check that has been returned from Bank Of America please fax a
check copy to 909.683.6589 or return the check via mail immediately
and we will reissue you a check on our WELLS FARGO account the
same day.

All payout checks drawn on the WELLS FARGO account for payout
periods after 3/30/2003 are ok and you will have no problems.

We apologize greatly for any inconvenience this may have caused. For
questions and concerns please contact us below.

Sincerely,
Michael S. Price, CEO
SILVERCASH

Price Communications, Inc.
3880 Lemon Street, Suite 205
Riverside, CA 92501
909.509.7676 phone
909.683.6589 fax

Michael S. Price [email protected]
Richard Nash [email protected]
Jason Falk [email protected]
Jessica Black [email protected]

Hmm, CCbill, and some other adult sponsors are using that bank as well....Hope those checks won't bounce...

Andre

can the bank really do that??

stop playin!!... lawsuits are forthcoming... its that time of the month

Seems like the bank would be opening itself up for some litigation, unless they lied or something on the account form where you indicate what type of business it is...

Not sure though...

Yes they can decide which clients that they do or do not want to bank with. I have heard of other banks in the past doing the same thing.

banks can do things using different loop holes.

but I know some inside stuff about silvercash and if I was an affiliate I would not worry at all

B of A has done this before to other companies over the years. They do business with some people in this industry but not with others, almost on a branch by branch basis.

There's nothing the Silvercash crew could have done to prevent this, it's a shame it had to happen to anyone, much less those guys.

Most likely it was a merchant account linked to that bank that "went bad" and they had to switch banks because they went in to hold or debit the funds. Just a guess, I think anyone would do the same thing in this type of scenario.

Brad

I say get the email addresses of the people at the bank and send them this oldie but a goodie link...

Your and Idiot :Graucho

Banks can do just about any thing they want. You can sue them, you might or might not win. I had a customer a few years ago that borrowed money ( from Wells Fargo) built a big Roller Mill (Grain business) one day he gets a notice from them they called his note. They decided they didn't want to be in that business any longer. He had never been late or anything. He sue and won.

At least SC is paying the checks that bounced. Fuck B of A.

Unlike ztik.:thumbsup

Wells fargo is the shiznit! :thumbsup

Ok just to let you know, there was a stop payment put on your check. You know why..

Corporate hypocrisy....

Isn't there a ton of sponsors using Bank Of America?

I just received a check from Shaw Internet, drawn from B of A.

Wouldn't Silver Cash have something on their site about this?

And...I'm feeling left out. I didn't get an email.

And, wouldn't the check already have bounced by now?

Raven is confused now.

Yea, I got a letter a few weeks ago stating that they are closing my account because they have the right to stop doing biz with anyone at anytime and that was it. I then called BofA and got a major run around and it took some serious complaining and phone calls before I finally got someone to tell me the reason they are closing the account is because of the nature of the biz we are in. What a joke! The next day I found out they closed my other biz account and my personal account. So basically I had very little time to create 3 new bank account. Now I have huge balances maintained at all times in these accounts in order to payout every week. I have also been with BofA since 87. My mom and sister both worked for the bank for years and this is how I was treated. Pretty amazing to me.


I suggest you all move away from them if you can before they close you down one day.

I mean comon, should they quit doing biz with every hotel chain that offers movies in the rooms, or every liquor store owner at every stip mall in the U.S. for magazines, how about the airlines who fly over the tape used to make VCR tapes that later are sold with porn on them. I mean when does it stop? This is a joke and not fair. Maybe they should shut down the saw mills bank accounts that make the paper that playboy uses to print their magazines.. lol


Anyways all is good over here and only a few of you who waited more then a few weeks to deposit your checks will be affected. Please contact us asap and we can reissue new checks or send you pay pals

I got this email too...

Thanks, Mike.

I'm going to move my corporate account today.

i've heard similar stories about b of a in the past...

I didn't get the e-mail either, but at least now I know.

Mike,

that just plain sucks bro. This isn't the first time I have heard about BofA doing this..

Np's under clinton, but bush just brings everything to shit. I like your line about paper mills, vhs, etc. You never know how things might turn out :(

I fail to understand why BofA refuses to do business with you. What we do is not a reflection on them. BofA does not produce porn in any shape or form; They are a bank and that's that.

If I remember correctly there was a newspaper article last year saying that General Motors made the most amount of money off of porn because of their investments in the hotel industry. Perhaps I should write to BofA and complain that every time they fund a loan for a GM car they are supporting porn.

Richard,

Good point about GM. Yes in a way that was all true. From there stake in Hotels, Directv, Etc. they were making big #'s from adult movies, etc.

Another sad day in America. I just feel bad for Mike, shit not like he brang this on himself.

Damnit I need to quit clicking things

UGH!!!!

Jon

yea that sucks. all these companies operate under so many corporate shells that nobody would know its porn related any way.

LMAO LMAO....................Me too !!

Its good tho that silvercash reacted so quickly to fix the problem...

:thumbsup

Glad to see there are still good sponsors out there :-)

Jon

I use to be a Marketing Director for First USA (A Bank One Company) a few years back. I use to hear horror stories about Bank of America. What I found out it was first USA that was causing them a bad name. I always had the impression they weren't concern with an individuals banking affairs. They are making it harder and harder to do busines here in the states. And we wonder why so many companies go off shore.

Most banks don't like to do business with individuals in the adult industry. I use Chase, I think it's the best bank in the world. Hell that's where Noriega banked, why shouldn't I.

Good to see you were on it Mike.

You would think a bank would treat cash from this biz the same as any other legitmate biz. Ours is just as green as anyone elses :disgust

Hmmm I wonder if there is more to this....

Seems strange a bank that works with terrorists and international money laundrers would have a problem with porn.

Hypocrites.

Porn is bad ... B of A prefers "Worldcom" or "Arthur Andersen" as clients. Those are real nice guys.

They also are in the fucking business but them it is "moral" : they fuck people out of their savings with the complicity of the bank that cashes in on the fees....

MikeAI: I totally agree with you there. Its kinda of a joke. It makes me wonder if maybe they got a spam mail with one of our sites on it or something and someone with some pull got upset but you never know.


Qualitythumbs: You're welcome :)


Yea, I think we all agree that its bullshit and porn is behind half the companies our there in one way or another. Everything is fine over here but If any of you still use BofA I would highly suggest you move banks at your convience before they do it for you

Man that is complete bullshit, are you guys going to sue them?

I think that we could on the basis that we are not being treated fairly compared to all the other companies doing the same thing or simular things. But I dont believe its in my best interest to go after them at this point.


I'll just rely on carma this time :)

damn porn supporters, you're all going to hell!

hehehe.. i think we need to start calling you LA "Buddhist Monk" Mike ;-)

I've heard nightmare stories about b of a. we use them.. though after this i'm not sure for how long.. i imagine they must know that we cash price communications checks like clockwork.

:thumbsup I love how people are still running the US Economy
into the ground. Take porn off the net and see how long
the internet stays around :)

Fuck your dollar is falling bigtime, it's not time for fucking
with successful people, it's time to make some money.

I really hope Bush doesn't get back in. You'll need your
ass scanned before you board any flight. (j/k).

Good luck with your new account..