It's bad enough that we have to worry about credit card fraud and other swindles causing problems with our business bank accounts but now we have to worry about the content of our websites and banking censors as well.
Did you know your bank could close your account over "objectionable content" on your website?
That's just what they did to Fabulis and now deny it:
repeated conversations with Citibank staff in which he says they told him about a review process that found the content of his site was not in compliance with the bank’s policies.
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blogs.wsj.com...]
Since when is it the banks business what the content is on your website as long as it's legal?
This is a VC funded site backed by Silicon Valley venture capital and The Washington Post, an obviously legitimate business.
Not only that, but they refused to open an account for a novelty underwear company!
Two days later he received a call from the branch manager, who explained that Citibank couldn’t open the account. The nature of the business could be embarrassing to the bank, the manager explained.
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blogs.wsj.com...]
What might you post on your site that could have your bank close your account?
What business might you launch that they'll refuse to open an account for?
Maybe they should just change their name to CensorBank so we know upfront what to expect.
