Or he over-drafted an account, skipped out on paying them back, and they blacklisted him.
As a result, no other bank is willing to open an account with his name on it, since he still owes the funds to another bank.
When I moved from FL to Texas, I apparently had a small fee that was owed to the bank in FL when I closed the account that I didn't know about.
Talking under $5.00.
The bank in Texas closed my account and mailed me the balance of the account as a bank check.
They were unwilling to do any business with me since I owed money to another bank.
I contacted the other bank, found out the balance due, mailed them a money order, they mailed me back a statement saying the owed funds had been cleared.
I had to find another bank to open a new account with.
The bank that closed my account in Texas? Wells Fargo.
I have refused to have any dealings with WF since that time (1995).
That fucking sucks. But credit unions are still an option, and I still think he could find some shitty bank that would take him. It's not like he's running a weed store.
If he's ineligible to open an account at a bank due to account abuse he is likely also ineligible at a credit union. Just because they are community focused doesn't mean they don't have to follow regulations.
IIRC there are some common blacklists, I think there are even government ones, but you have to do some crazy stuff to get on them. Terrorists and sanctioned oligarchs are on those lists, not twitter grifters
Terrorists... are on those lists, not twitter grifters
Nick promoted violence and murder as the only way to overturn Biden's election ahead of the Jan 6th insurrection, and was there on-the-day.
He faced massive backlash for that, and his near-universal bans from social media and payment platforms could absolutely have also stretched to the banking sector.
This. The OFAC list is just one. There are many types sanctions and PEP lists throughout the world. Financial institutions have to comply with numerous regulations. (This also extends to other types of financial transactions like life insurance, healthcare, etc).
Know Your Customer (KYC) Verification requirements aren't just checking if you have been convicted of laundering money. It can assess risk factors. I don't think douchebaggery is a specific classification (yet), but known associates (ahem) and past transactions could come up.
The risks for noncompliance with AML & KYC requirements can result in fines, increased risk of fraud, and reputational risk/reduced consumer trust. Sounds like he's worn out his welcome with regulated institutions.
Its possible hes grifting, but if you end up on a PEP and OFAC santion list, then you are banned from every bank and credit union. Whenever you create an account, a bankground check is done. If youre on a blacklist, it comes up and you are denied.
Nick promoted Jan 6th violence and was present at the insurrection. He faced a massive institutional blowback as a result. He's on the no-fly list, he was banned from every payment platform imaginable, his social media was universally shuttered and demonetized, and that's when he claimed his bank account was frozen.
Inciting insurrection and political violence is pretty solidly one of the things that would credibly lead you to being blacklisted from banks. He doesn't have the same billionaire-armour that's protected the other insurrectionists.
It’s quite possible. Nigel Farage, a UK politician was banned from holding a bank account everywhere and his anti immigration rhetoric was quite mild compared to this guys. Banks are risk adverse these days.
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u/StarWars_and_SNL 2d ago
Here’s your sign.