On Banking

Aaron Spuler is a firearms enthusiast and recreational shooter. Follow more or his work at The Weapon Blog

Last Thursday’s feature regarding what appears to be a resurfacing problem of banks and credit card clearing houses refusing service to gun-related businesses has attracted more than a little attention.

Individual readers wrote, wanting to know if “their bank” was on the list of unfriendly banks.

Companies wanted more information on banks to avoid so they didn’t waste their time on “unfriendly” companies or unwittingly giving them business.

Reader response made it apparent no one was taking the incident with Illinois’ Smokin’ Gun Worx lightly.

Several asked variations of the same question: “Is it possible someone could compose a list of banks and credit cards that ARE PRO GUN?”

“I, like many,” one reader wrote, “would be happy to dump relations with Chase but don’t want to end up with another anti gun institution.”

A business owner wrote: “I was surprised (only a little) by the mention of Chase Bank since that’s where I do all my personal and investment banking. As I read on I was hopeful that you would give a list of those banks that are most egregious in dealing with our industry and those, if any, that are supportive. Do you have any information that I can pass along to the many accounts that my agency deals with on a daily basis?”

At the time, the only response I had was “nothing right now” but it motivated me to see what I could uncover.

What I learned was that it’s not nearly so simple as Googling “2A friendly banks” -although that does turn up a list of banks that were -as of 2019 – providing services to gun companies.

Read the rest of the article: https://www.shootingwire.com/features/6c5506e0-f886-478f-a6f8-a2e8cd95c0a7