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OUT OF MIND » THE INSANITY OF REALITY » FINANCIAL COLLAPSE » BANK OF AMERICA FREEZES GUN MANUFACTURERS ACCOUNT

BANK OF AMERICA FREEZES GUN MANUFACTURERS ACCOUNT

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PurpleSkyz

PurpleSkyz
Admin

BANK OF AMERICA FREEZES GUN MANUFACTURERS ACCOUNT “WE BELIEVE YOU SHOULD NOT BE SELLING GUNS ON THE INTERNET”

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On December 29, the owner of American Spirit Arms; Joe Sirochman relayed this chilling news via Facebook: My name is Joe Sirochman owner of American Spirit Arms and I wanted to share my recent experience with Bank of America .  Which we have been doing business with for over 10 years .   Everyone is familiar with the latest increase in guns sales , dealers selling out of inventory , manufacturers back logged for months, large revenue all generated in the last two weeks. American Spirit Arms is no exception to the overwhelming demand . What we have experienced is that our web site orders have jumped 500 % causing our web site E commerce processing larger Deposits to Bank Of America. Well, this through up a huge red Flag with Bank of America .

So they decided to hold the deposits for further review, meaning that the orders and payments that were coming in through the web , being paid by the customer and that were shipped out by American Spirit Arms, the bank was keeping . As you could imagine this made me furious. After countless hours on the phone with Bank Of America I finally got a manager in the right department that told me the reason that the deposits were on hold for Further Review.  Her exact words were “WE BELIEVE YOU SHOULD NOT BE SELLING GUNS AND PARTS ON THE INTERNET”

I flipped the F**k Out and told them that they have no right to make up their own new rules and regulations, that we are a firearms Manufacturer with all the proper licensing FFL (Federal Firearm license ), SOT and that we follow all Federal and All States’ rules and regulations on shipping Firearms and parts and that we are also Audited by ATF and Homeland  Security on a regular basis.

She said that she understands that but that the deposits will be released After they have a chance to review and clear them …I told her that This was unacceptable and the those deposits (that were a week old by now ) needed to be released ASAP, that we are a small business and rely on the revenue to run and stay operational.

After that being said another Manager got involved and released one of the deposits (to help out )… So far to date after Two weeks of sales only 1/3 of collected internet sales have been released.  I am still pissed and looking for another Bank and options.  I just thought the public should know.  I will keep everyone posted on new developments.  Joseph P Sirochman American Spirit Arms Source



  

terbo56

terbo56

Bank of America is slowly on it's way out, so anyone that has an account with them should close it out and find a more reputable bank, or, credit union- Bank of America will tell you that they are fine, and not being liquidated, and when they do finally close, they WILL NOT let you take your money out- Take your money out now, while you still have the chance- :twisted:

PurpleSkyz

PurpleSkyz
Admin

Agreed or should I just put greed!
Find a small privately owned bank. Not any of the big 6.
But even in a small bank, I would only keep as much as you need to pay your bills month to month. Stop gifting them your interest month to month.



  

terbo56

terbo56

Exactly- A credit union will be anyone's best bet, as your money is better watched and managed, and if needed, you can take a loan out on part of what you have in the account{s}- Interest rates on loans at credit unions may, or can be lower than at a banking institution, and are more flexible in their payment reqirements-

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