“Bank of America can go to Hell!” – Steven Anderson

“Bank of America can go to Hell!” – Steven Anderson April 16, 2019
It’s Holy Week, Anderson needs to cool it with the barefoot running before he accidentally pierces his feet.

Missed this one until this morning. Apparently Steven Anderson of Faithful Word Baptist Church has hit something of a major bump in the road. Yesterday he discovered that Bank of America had frozen his bank accounts. They closed Steven’s accounts for the church, and have told him that they’ll send him a cashier’s check for the balances in about two weeks.

He is losing it over the fact that this occurred during the Superbowl of Christianity – Holy Week. Plot of the devil!

Oh of course Anderson has taken to YouTube to beat on his chest and call Bank of America sodomite lovers and reprobates as well as tell Bank of America to go to hell.

Everyone’s favorite conspiracy theory lunatic Alex Jones even did a segment about it on Info Wars. Apparently it is not unheard of with these major banks. If you happen to be a controversial figure fronting an organization that may have questionable activities that violates the constitution you stand the possibility of losing your bank account.

What he does not do is explain what they told him is the reason they shut is accounts. Let’s look at the possible reasons a bank might shut your account with zero notice.

I’m not a banker, I’ve never worked in a bank and have only the slightest idea of what that entails.I have close friends and relatives who have worked at a bank for some years, but that does not make me an expert. So I had to call around and talk to several people at my own bank for the reasons why an account is closed or seized against the will of the account holder. This is not an exhaustive list. Plus anyone can read through the information on accounts at Bank of America.

  • Minimum balance – Some banks have requirements on their accounts that they must maintain a certain balance level to keep that account.
  • Suspected illegal activity – This one can vary from state to state as to the culpability of the bank if they suspect their account holder is engaged in bad acts. Most banks chose to err on the side of caution due to the stringent rules they must comply with and close suspected accounts, freezing the funds for so many days before release.
  • Owing a debt to the bank – If you have money in a bank and own that same bank money on a debt, a house loan, or a car loan, some states allow seizure of the account to pay the debt.
  • Owing the IRS – A bit different than owing the bank but it can freeze your account legally until the debt is settled. Simply changing banks will not work. The IRS will merely get another order to seize that account.
  • Identity theft – If there is activity in the account that indicates that someone else has hacked into the account and is masquerading as the account holder.
  • Inactivity – This one takes a very long time but it does happen. If an account has no deposits or withdrawals over a long period of time the bank may close the account.
  • Unverifiable information – Perhaps you are using an address that someone else who has committed bank fraud also uses. Or you have set up the account going to a fictitious address. Due to federal banking regulations the banks are rather strict that you must have clear information connected to the account.
  • Hassle – When the account becomes too much of a problem, too many people are servicing the account and the focus of customer service is constantly dealing with an enormous problem. It could be multiple bouncing checks, even if they are covered quickly, or someone that comes in continually and hassles the workers. Banks are in the business of making money, but if the cost of making that money becomes too high they will ax the account. This last one is unofficial, but it does happen.

There are others but these seem to be the biggest reasons. Whatever the reasons the bank usually reaches out multiple times to the account holder before taking any action. Unless it’s something that can tarnish the bank’s reputation, then the account is mercilessly closed without notice.

“The damage to the bank in terms of negative word-of-mouth publicity isn’t something they want.”

This is what I think might be happening here. Bank of America does not want to be associated with a known member of a group listed as an official hate group. The Proud Boys and others identified as hate groups, or white supremacy groups have also lost their banking privileges.

Of course all the recent allegations of financial chicanery going on at other branches of the New Independent Fundamentalist Baptist church group that Anderson leads could also be a problem. Banks have no tolerance for being involved in possible illegal schemes or thievery. Former Stedfast Baptist leader Adam Fannin seemed pretty convincing in his words that money was being taken.

Steven is claiming this is good old Christian persecution at the hands of Satan,but it’s more likely he’s suspected of illegal activity or just being a problem. Imagine that, Anderson as a problem customer.

Banks do not close accounts for no reason. Likely Steven Anderson has done something to bring this down upon his own head. This is not even the first time Anderson has had issues with banking and currency. He’s been tossed off Bitcoin and had several PayPal accounts closed for his hateful views.

I didn’t reach out to Bank of America because banks are understandably closed mouthed about their customers. More as this develops.

~~~~

If you are an Anderson supporter coming in to call me a hating hater who hates please read this first.


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About Suzanne Titkemeyer
Suzanne Titkemeyer went from a childhood in Louisiana to a life lived in the shadow of Washington D.C. For many years she worked in the field of social work, from national licensure to working hands on in a children's residential treatment center. Suzanne has been involved with helping the plights of women and children' in religious bondage. She is a ordained Stephen's Minister with many years of counseling experience. Now she's retired to be a full time beach bum in Tamarindo, Costa Rica with the monkeys and iguanas. She is also a thalassophile. She also left behind years in a Quiverfull church and loves to chronicle the worst abuses of that particular theology. She has been happily married to her best friend for the last 32 years. You can read more about the author here.

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What Are Your Thoughts?leave a comment
  • Tawreos

    I would say that the only thing we know for certain is that BOA did not shut it down because the account was for a christian group. If it had been for that reason he wouldn’t be calling them sodomite-loving weirdos, he would, quite rightly, be calling them defendants in a lawsuit he had filed. If I had to guess, I would guess hassle would be the most likely reason as he doesn’t strike me as the type to be nice to people. I will admit that the man we know could be a persona he wears when preaching or on video, but I doubt it. I hope other banks see him coming and aren’t all that quick to roll out the welcome mat.

  • Jim Jones

    Bank of America? That’s like having the Mafia reject you as too violent and corrupt.

  • Jim Jones

    Maybe he could try the German bank that launders Trump’s Russian money?

  • Suzanne Harper Titkemeyer

    Which is why I included that unofficial reason of if you are too much work. My husband who worked in a bank for some years while working on his MBA and others in the banking industry all said that if you are a lot of work but are not a zillionaire you will be shut out. The bank is not going to waste time, man hours and money servicing a problem client.

  • Peg

    This couldn’t have happened to a nicer guy. LOL. There are real world consequences to shitty behavior. Most of us learn that by the time we are out of diapers.

  • Friend

    InfoWars seems to view BoA’s behavior (and that of Chase) as part of a pattern to shut conservatives out of the banking system, the same banking system their comment section views as Of Satan because dollars are linked to government.

    Meanwhile, Consumer Reports says that BoA just sometimes does this to random people, who then profess bafflement:

    https://www.consumerreports.org/consumerist/bank-of-america-thats-why-you-dont-open-new-accounts-online/

  • Suzanne Harper Titkemeyer

    Those stories go right back to the unverifiable info and other things on the list. BoA is one of the major offenders of stupid account closures. They also closed a ton of Latino accounts, claiming they weren’t sure if the account holders were citizens.

  • Jennifer

    Did he make that video comparing himself to Obama?

  • DingoJack

    No expert either – but I’m guessing they’ve caught a whiff of fraud and are running a mile from it.
    Banks here are seriously on the nose, and are struggling to regain trust in a diversifying market. Bank of America might want to look like a virtuous maid while being a den of thieves. In order words: it’s all about the rubes customers’ perception of the bank.
    [Although, I bet damming the in-coming tsunami of hassle, from Anderson, his organisation, protestors against the former two, other heavyweight customers & the regulators (to a small degree), would be well worth losing his paltry bank account (relative to total assets, that is)].

  • AFo

    I had an inactive savings account. In my case “inactivity” was defined as no activity in a three-year period. I got two letters in the mail informing me of this, as well as of the fact that if they received no response from me in 60 days, the account would be closed and the money would become the property of the state. Luckily, all I had to do to keep the account open was check a box saying so and drop a letter in the mail. I feel like if BOA didn’t close Steve’s account over his questionable financial practices and sheer hate-mongering lunacy, it was probably something simple like this that he just couldn’t be bothered to deal with because he’s far too big and important to have to do something so mundane. Either way, it’s probably his fault, and no amount of crying persecution is going to change that.

  • Friend

    Someone should ask Pastor Anderson for proof of citizenship.

  • paganheart

    It’s a few years old now but yes, he did…nauseating, isn’t it?

  • SAO

    I worked at a small town bank back in the 70s. We had a wing-wong of the week contest for the stupidest, most obnoxious or bizarre customers. Some regulars were out of the running because they could win every week they came to the branch, which they did most weeks. My manager said it was a pity the wing-wong of the year winner couldn’t be sent a bouquet of flowers and notification of their win (with the hoped for result that they’d take their business elsewhere).

  • SAO

    We lived overseas for a number of years and, therefore, had overseas bank accounts. Some of them were in countries not known for banking excellence. One of the banks where we had accounts and received money from overseas went through a ‘know your customer’ thing, where they wanted us to prove that we weren’t money launderers. It was tedious. The letters came with a threat to kick us out unless they got their documents promptly.

    There’s also a requirement to file a federal form about your overseas bank accounts. If you don’t do it, they can be confiscated, which is really draconian. I get it that they want to prevent hiding money from the IRS, but if you live overseas and have to pay rent, you probably need some overseas bank accounts. If you get sick or something happens and you miss the deadline for the form, you can lose all your money.

    I wouldn’t be surprised if Anderson decided that this or that requirement didn’t mean him and didn’t bother to fill it out.

  • Ruthitchka

    I used to have accounts at B of A. These days I love my credit union and the very nice people who work there.
    I think Anderson might act the same way at the bank as he does on his videos, driving the bank employees crazy. Just a guess!

    Well, everything is the devil’s or the sodomites’ fault, eh? It’s never anything else.

  • Ann Nienow Bowen

    I was an assistant manager at a bank a long time ago and I closed an account for cause. The owner of the account had numerous bounced checks and blamed the bank for it. She had a habit of writing checks 2-3 days before her deposit would come in and invariably these checks hit first. At that time the bank posted debits before credits, and zowie bounced checks. (The bank was sued successfully and a new program making credits hit first came into being).
    I digress, she was furious, ready to come over the counter and do what ever she could to me. I excused myself, trotted over to the manager and said I’m going to close all her accounts and give her a check because she called me a F$%#INg honky and threatened to do me harm. He said I’ll support you. So I went to the computer, got the accounts and numbers and got 2 cashiers checks and handed them to her and asked her to exit the building before I called the police. She hollered all the way out the door, but she never came back. She had about 5 checks come in and we returned them account closed.
    Knowing how miserable a person Anderson is, I don’t doubt his mouth was part of the problem.

  • Suzanne Harper Titkemeyer

    Oh my word, you have my sympathy on the ‘Prove you’re not a drug dealer or money launderer’ thing that overseas banks do! We got caught in that snafu last year trying to import enough money to buy our home and land, put in a pool and hot tub plus get a pile of bank CDs. Costa Rican banks pay 9% on their CDs. I had to provide documents going back to when we first earned the money to prove where it came from, testimonials from our U.S. banker and brokerage firm, copies of so many years taxes, etc. I would not doubt Anderson was asked to provide something normal, like proof of his church being 501c charity registered and he blew it off.

  • Suzanne Harper Titkemeyer

    Comparing his manly workout to Obama’s. Can’t you just hear me rolling my eyes from here?

  • B.A.

    Years ago,when I worked in a hospital,one of the nurses and I sometimes had a similar contest for the some of the patients. Confidentially and way out of earshot,of course.

  • Jennifer

    That is cringingly awful. Esp since I keep thinking he could use a sports bra.

  • SAO

    Russian banks used to pay 15%. My take is that banks have to pay for greater risk. If you’re buying, you don’t want all your eggs in that risky basket.

  • Saraquill

    The only thing tempering my schadenfreude is his kids. They have to suffer cause their parents are twits.

  • Suzanne Harper Titkemeyer

    Here the CDs are pretty risk free, only if you use a government-backed bank. If you use one of the private banks you can get a much higher rate, but you risk losing the money if the bank folds. It’s a gamble.

  • SAO

    Pay attention to the financial stability of the government. Many Russians had money in Cyprus banks and when the banks were in danger of collapsing, the deal was the EU bailed out the Cypriots and turned the Russian deposits into stock (in the failing banks). I may be cynical, but years in Russia meant I saw a lot of bank failure, wild inflation and other ways for people to lose money in ways that don’t happen in the US.

    All the Russian money in Cypriot banks was treated as dirty,when the Cypriot banks had branches all across Russia (hence, some banks had more branches in huge Russia than tiny Cyprus) and plenty of Russians viewed EU banks as safer than Russian banks, so put their savings and business accounts in them.

  • Suzanne Harper Titkemeyer

    Thanks, will do. Yes, I know there is a risk and we only moved a portion of our assets here.

  • Mimc

    I mean there is a small chance it was an error but I seriously doubt it.

  • lady_black

    The number one reason I know of for banks to close accounts is people kiting checks, and frequently overdrawing their accounts. I’m sure there are other worse, possibly illegal things people can do that would cause an account to be closed.
    The banks actually want your money, and as long as you don’t become a constant irritation to them, they’ll let you maintain an account. Without knowing why BOA closed his account, it’s hard to judge whose fault this was, but I’d bet it was the way he does business, perhaps opening multiple accounts in cash, just under the amount of cash that has to be accounted for. It gives the impression, deserved or not, of illegal activity like money laundering.
    What I do know is that no bank is obliged to do business with Steven “The Pisser” Anderson. Let him buy a bunch of Green Dot accounts at Walmart or something.

  • lady_black

    They can and do close accounts and send the money to the state. But, it doesn’t actually belong to the state. It’s still your money, and you can claim it. Within the last five years, my husband and I both found out that we have money that had been turned over to the state. We simply filed the paperwork and they sent us checks. One was for a paycheck of my husband’s dating back to the time he was still living at home (we’re both in our sixties, and my husband worked for the company for 44 years) so since his employer always knew where he was, that one I don’t get, but we got the money nonetheless. Mine was a small amount on deposit with PayPal from the late 1990s when I was breeding Munchkins and selling them all over the country. I used PayPal quite often to accept deposits on kittens, and when the amount of money grew large enough, I would ask for a check, and they would send it to me. I simply forgot the money was there when I closed my cattery, and after several years with no activity, it was sent to the state.
    The takeaway from this is: I advise all of you to check with your state’s unclaimed property office and you may be surprised at what turns up. It could be under a hundred dollars (as mine was), or it could be substantial. The claim process is relatively easy. You fill out a form. If it’s over $100 (in this state, others may vary), you may have to have it notarized for the purpose of proving you are you. The notary looks at your photo ID, and determines you’re a match for the owner of said unclaimed funds. But that’s really cheap, and if you’re a AAA member, you might even get free notary service. It can’t hurt to check!

  • lady_black

    No, no and NO. Banks don’t care about your politics, and conservative money spends the same as all other money. If you start being a thorn in the bank’s side, they have every right to tell you they aren’t interested in your business.

  • lady_black

    REALLY? Like… I happen to know that many people who aren’t citizens are allowed to open bank accounts. That’s really not “a thing.” I went to college with quite a few folks here on student visas, because their parents need someplace to transfer money to for tuition and expenses, and the college will not accept cash for tuition (they don’t want the people in the registration office handling cash). I had to write them checks, due to daily limits on my ATM card purchases that tuition would have exceeded. At the school book store, I was always able to use my debit VISA. Nobody’s textbooks run over $3000, but tuition easily could.
    I think that was simply a lie to justify closing the accounts for other reasons.

  • Suzanne Harper Titkemeyer

    Good idea! I did that in both states I lived in and discovered money being held for me. It was pretty easy to collect

  • lady_black

    Yep. You have nothing to lose.