US Bank; or, why I should have moved banks a LONG time ago.

I've had Personal Checking and Business accounts with US Bank over the last ten years:  

  • Personal Checking
  • Personal Savings
  • Personal Credit
  • Business Checking x 2
  • Business Line of Credit x 3

In July of 2020, US Bank decided that they no longer wanted my business for my business account.  This corresponds almost directly with me starting to do around 10-20K/week in export sales with vendors in China and selling those goods on Amazon and on my personal website (Amazon's API makes it super-easy for omni-channel fulfillment using FBA).  No warning, no explanation (but they did say that it wasn't for, I guess that's something?), just...the b& hammer.  

They made the decision to close my personal accounts earlier this month – again, no notice or warning...just decided to turn them off.  

I have no issues with being able to pick and choose who you're able to do business with as long as you're not discriminating against anyone due to a protected class.  They decided to do their own research, not let me see what they used to make those decisions, nor give me the chance to appeal their judgement.

On a positive note, I did have another business account at another national bank – and they were able to keep me moving without a skipped beat.

If you use US Bank, you might want to reconsider a long-term banking relationship and find someone else...because they don't give a fuck.  :)

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