Silvercash & Bank of America

cj · 05-13-2003

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

Forest · 05-13-2003

yeah

mike has been posting about it on gfy

scarry stuff

they closed his personal accts also

supposedly for the same reasons

http://gofuckyourself.com/showthread.php?s...threadid=133605

Last edited by Forest at May 13 2003, 04:48 PM

cj · 05-13-2003

i can't believe a bank can do that ....

with all the anti discrimination laws in place, how is it possible for something like this to still happen?! Obviously the bank isn't answering to any higher authority.

total bullshit!!

banks are the biggest fucking thieves around, and they are judging our industry?!?!?

ha!

Peaches · 05-13-2003

Quote:

Originally posted by cj@May 13 2003, 09:07 PM
i can't believe a bank can do that ....

with all the anti discrimination laws in place, how is it possible for something like this to still happen?! Obviously the bank isn't answering to any higher authority.

total bullshit!!

banks are the biggest fucking thieves around, and they are judging our industry?!?!?

ha!

So.....If I buy an adult PPV movie, they can cancel my checking or credit card account? If I buy a Hustler? If I pay for drinks at a strip bar? If I buy a porn movie at the hotel?

Even if they canceled the account, they should at least let the outstanding checks process.

Things are getting crazy. :angry:

Almighty Colin · 05-14-2003

Quote:

Originally posted by cj@May 13 2003, 08:07 PM
with all the anti discrimination laws in place, how is it possible for something like this to still happen?!

Anti-discrimination laws to protect pornographers?

Rox · 05-14-2003

I just got my notice from Silvercash, and emailed Jess back with a "WTF?" message.

Closing those accounts has got to be a decision that was made at the branch level. I simply cannot believe that BofA, which is probably the biggest bank in California, isn't serving adult companies all over Porn Valley. What a crock of shit.

The business Silvercash is in is legal in this state... so did that BofA make their decision based on someone's personal morality? Would that same person or persons close the accounts of an entity like, say, an office of Planned Parenthood or one of the Indian casinos if they had a moral issue with birth control, abortion or gambling?

I'm assuming Mike will have lawyers all over BofA, and I hope they slam the righteous bastards into the ground.

Unbelievable!

05-13-2003	#2
Forest FFN PERSONAL TRAINER $100 for every ImLive sign-up Join Date: Dec 2002 Location: N. Miami Posts: 4,622	yeah mike has been posting about it on gfy scarry stuff they closed his personal accts also supposedly for the same reasons http://gofuckyourself.com/showthread.php?s...threadid=133605 Last edited by Forest at May 13 2003, 04:48 PM __________________ Need design work done? CLICK the SIG! 118156620-icq Forest AT silverclouddesign.com

05-14-2003	#6
Rox Members Join Date: Nov 2002 Posts: 323	I just got my notice from Silvercash, and emailed Jess back with a "WTF?" message. Closing those accounts has got to be a decision that was made at the branch level. I simply cannot believe that BofA, which is probably the biggest bank in California, isn't serving adult companies all over Porn Valley. What a crock of shit. The business Silvercash is in is legal in this state... so did that BofA make their decision based on someone's personal morality? Would that same person or persons close the accounts of an entity like, say, an office of Planned Parenthood or one of the Indian casinos if they had a moral issue with birth control, abortion or gambling? I'm assuming Mike will have lawyers all over BofA, and I hope they slam the righteous bastards into the ground. Unbelievable! __________________ Visit my blog: ObnoxiousBitch - Trash Talk Today

05-13-2003	#1
cj Members Want to see your own Advertising Here! Join Date: Oct 2002 Location: Down Under Posts: 5,202	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