Three separate coin shop owners have found their bank accounts suddenly shut down without any prior notice or explanation from their financial institutions.
Bank Shuts Down ‘Silver Stackers and Gold Stackers’ Shop’s Business and Personal Accounts
An Ohio-based coin shop owner recently took to YouTube to share alarming news: His regional bank, with whom he has been a customer for years, has suddenly decided to sever ties by closing all six of his business and personal accounts.
The coin shop owner, who operates a coin shop dealing in silver and gold, received certified letters from his bank stating, “After a recent review, we have decided to end our relationship with you and close your accounts… As stated in your account agreement, we can close your account at any time, for any reason, with or without notice. We will begin our closing process on September 6, 2023.”
What’s shocking is that the bank has declined to provide any reason for their abrupt decision, leaving the owner and his family in the dark. The letters came without prior notice, affecting multiple accounts, including those belonging to his children and wife.
A visit to his local branch revealed little; even the manager, with whom he has a good relationship, couldn’t get an answer for the sudden decision.
“They’re just closing all my accounts. They don’t want to do business with me. They won’t tell me why. I went to my local branch, who I have a good relationship with. Talked to the manager. She tried to find out. They wouldn’t tell her. So here I was left thinking, wow, what is going on? What do they think I could have done?”
The businessman emphasized his compliance with all necessary regulations, including maintaining an Anti-Money Laundering (AML) program. Nevertheless, the bank’s sudden move has not only disrupted his life but also has him worried about the future of his fully-legal and long-standing business.
“We follow all the rules here, licensed by the state. I have an AML program. I’m very careful what I do. I know how regulated this business is, and it is very regulated,” said the shop owner in the video.
“I’ve been in business a long time. I know what to watch out for and avoid certain things or whatever. So I adhere to the law, and I’ve never had a problem, never. And it’s very stressful when this happens. It’s never happened to me in my life. I’ve never had my banks closed, and I had multiple accounts. Even my kids account with them was closed and my wife’s account closed. And to me, this is just more confirmation to what’s going on.”
He added, “I don’t think the banks like this type of business. I don’t know what they think. We’re doing here because everything’s 100% legitimate, but for some reason they don’t like it. And we all probably know why. And it’s just a shame that they have that much power and that much ability and they could just close your stuff down just like that. Very unnerving. It’s very unnerving.” source
Brethren, it seems more and more that the writing is on the wall. Will there be a domino effect to these bank closures?
Only God knows.
We must PRAY and trust our Lord Jesus. NOTHING surprises Him!
MARANATHA!
Sounds like he has been “debanked,” what the left is doing more lately to conservatives, Christians, or those going against the design to control people’s ability to control wealth independently with the progressive rollout of CBDC.
Amen, brother Stuart
That makes me wonder what kind of legal recourse he may have. Oh Lord hurry up and come get us out of this cesspool!!!!!
I’m recalling that the Canadian truckers who dared to protest Trudeau’s Covid mandates got debanked. I think they finally got restored, but it was a legal hassle, if I remember right.
One world currency? One world government. Democrats want all our freedoms and do not care if they destroy your company or your family especially conservatives or Christian conservatives. For seniors on SS no problem we don’t have any cash not really but with their gold and silver the banks nor the government can control how much they have and if they are Christian’s well such a dirty word in America these days and a round the world. They was total control total compliance or else they will try and destroy your business.