Debanking row hits US as Bank of America shuts down account for Ultra-conservative Christian charity

Bank of America

The debanking row has hit the US after an ultra-conservative Christian charity which helps impoverished Ugandans had its account shut down by Bank of America

PA
Georgina Cutler

By Georgina Cutler


Published: 22/08/2023

- 22:18

Updated: 23/08/2023

- 07:05

The charity has raised concerns over the reason behind its account closure

The debanking row has hit the US after an ultra-conservative Christian charity which helps impoverished Ugandans had its account shut down by Bank of America.

Non-profit Indigenous Advance Ministries - which promotes pro-life and opposes same sex relationship - has raised concerns that its accounts were closed because the bank disagrees with its "religious views".


A complaint has been filed to the Tennessee Attorney-General's office by the charity, which claims to have had a banking relationship with BofA since 2015.

However, the bank denies it "debanked" the body over these views, and that "religious beliefs are not a factor in any account-closing decision."

An image of a man taking cash out of an ATM

The bank denies it 'debanked' the body over these views, and that 'religious beliefs are not a factor in any account-closing decision'

PA

It comes after GB News' presenter Nigel Farage was debanked by Coutts bank.

A 40-page dossier revealed Coutts chiefs made a concerted effort to “exit” him as a customer as they didn’t believe the former Ukip leader aligned with their views.

Campaigners are now calling for more transparency over how companies decide which accounts are shut down.

Indigenous - which was previously named World Shine USA - opened a new business checking account with BofA in January before shortly applying for two credit cards.

But on April 24, it received a letter informing the charity that its account would be closed.

The correspondence from BofA stated: "Upon review of your accounts, we have determined you're operating in a business type we have chosen not to service at Bank of America."

Chiefs at the non-profit business claim they have "repeatedly" asked for an explanation about the closure.

The bank then sent a follow-up letter on May 24 that stated its "risk profile no longer aligns with the bank's risk tolerance."

The charity works with Ugandan ministries to provide support for orphaned and vulnerable children and prisoners in the African country.

Nigel Farage

It comes after GB News' presenter Nigel Farage was debanked by Coutts bank

GB News

A letter to the Attorney General's office, signed by board members Steve Happ and Bob Phillips, read: "Being forced to transition so quickly caused a great deal of trouble for us.

"It also disrupted our mission to Uganda in June and we were temporarily unable to pay salaries in Uganda. And we were left very confused.'

They added: "Our mission and work, supporting Ugandan children and families through indigenous Ugandan Ministeries, has remained the same since we were founded and first opened our accounts with Bank of America.

"I am concerned that Bank of America cancelled our and our partners' accounts because it disagrees with our religious views."

A spokesperson for BofA said the closure was related to a part of Indigenous' operations which includes debt collection.

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