Citibank Closes Accounts Associated with Adult
 

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

yeah citibank sucks, i'm not suprised at all

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.

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!

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

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

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

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!

wow interesting

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

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

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

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

Halliburton :thumbsup

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

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

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.

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

Exactly...

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

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.

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.