This gun owner’s business began to boom as Internet sales spiked and all of a sudden Bank of America put a hold on the money coming in. At first it seemed that their intentions were appropriate, to simply ensure that everything coming in was legitimate. They said they would hold his money for 48 hours while they investigated it. But after 48 hours they refused to release it and he said they told him that it was because he was selling guns on the Internet, and apparently they didn’t approve. It was at least 3 weeks before he’d see the bulk of that money, something he says is outlandish.
Here’s the interview:
The beautiful thing about the private sector is that you can drop one bank and choose another. I’m not suggesting that would be easy or even appropriate at this point for him to do. But if he gets fed up enough with this kind of intimidation, there are other large banks that would hopefully welcome his business.