Old Glory Bank Blog

How ‘Debanking’ Tech And Crypto Companies Could Kill Businesses

Written by Old Glory Bank | Dec 9, 2024 3:22:31 PM

Debanking is real, folks.  

For two years, Old Glory Bank has been the lone voice in the wilderness warning about debanking, the practice of banks closing a customer’s account and refusing to allow them to open a new one, usually politically motivated. Many detractors said we weren’t just crying wolf, but that wolves don’t even exist. Now, after venture capitalist Marc Andreessen shared in a recent interview that more than thirty tech founders have been debanked, our lone voice has been joined by a loud and steady chorus.

The solution to a system out of control.

Debanking is real, it’s un-American, and it can cripple you financially, as this article explains. Old Glory Bank is the pro-America online bank that will never debank law-
abiding customers for their beliefs, industry, or politics.
 

Read the full article from Forbes.