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Old 03-02-2013, 01:03 PM
 
4,230 posts, read 5,736,055 times
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Has anyone read US Banks new TOS agreement? It seems they now prohibit wiring money to gun and ammo sellers. It seems a little far reaching if the transaction is done in accordance with local, state and federal laws.
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Old 03-02-2013, 01:08 PM
Status: "Rocktober...well that was fast. :-(" (set 18 days ago)
 
Location: Fredericksburg, VA
10,285 posts, read 10,442,913 times
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Quote:
Originally Posted by Fargobound View Post
Has anyone read US Banks new TOS agreement? It seems they now prohibit wiring money to gun and ammo sellers. It seems a little far reaching if the transaction is done in accordance with local, state and federal laws.
Can this claim be verified? Perhaps you can post a link?
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Old 03-02-2013, 02:05 PM
 
4,230 posts, read 5,736,055 times
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See page 10

https://m.usbank.com/mobile-banking/...tionLinks=true
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Old 03-02-2013, 02:24 PM
 
340 posts, read 339,928 times
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US bank can not tell its customers who they can or can not write a check to. First off they would not know what your are writing a check for. If I pay Midwayusa they dont know if I am buying a bottle of oil or a box of 7.62x39. Same with a money order or credit card they can't monitor what I am buying.
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Old 03-02-2013, 02:28 PM
 
340 posts, read 339,928 times
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I don't know what your talking about. I did not see anything that said no payments to firearms dealers.
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Old 03-02-2013, 02:31 PM
 
340 posts, read 339,928 times
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There are similar roomers about BOA. I think its bogus I can't find anything but blogs that are old on this. Its impossible to stop sales of your debit card and credit card. I have to call BS on this one.
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Old 03-02-2013, 10:09 PM
 
Location: Ohio
13,951 posts, read 10,310,168 times
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Is this something new or is it just something that has been in their ToS for decades and someone happened to stumble upon it?

If it's some new policy in order to conform to what is falsely being portrayed as "the popular opinion" right now, I'd pull everything out of that bank and I'd let them know exactly why.
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Old 03-02-2013, 11:24 PM
 
Location: Cody, WY
9,184 posts, read 10,125,866 times
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"Prohibited payments may also include, but are not limited to:
  • Payments related to: (1) tobacco products, (2) prescription drugs and devices; (3) narcotics, steroids, controlled substances or other products that present a risk to consumer safety; (4) drug paraphernalia; (5) ammunition, firearms, or firearm parts or related accessories; (6) weapons or knives regulated under applicable law; (7) goods
  • Payments related to gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not it is legally defined as a lottery) and sweepstakes;
  • Payments relating to transactions that (1) support pyramid or ponzi schemes, matrix programs, other “get rich quick” schemes or multi-level marketing programs, (2) are associated with purchases of real property, annuities or lottery contracts, lay-away systems, off-shore banking or transactions to finance or refinance debts funded by a credit card, (3) are for the sale of items before the seller has control or possession of the item, (4) are by payment processors to collect payments on behalf of merchants, (5) constitute money-laundering or terrorist financing; (6) are associated with the following “money service business” activities: the sale of traveler's checks or money orders, currency dealers or exchanges or check cashing, or stored value, or (7) provide credit repair or debt settlement services; and
  • Payments that involve airlines and scheduled or non-scheduled charters/jets/air taxi operators; collecting donations as a charity or non-profit organization; dealing in jewels, precious metals and stones; acting as a money transmitter or selling stored value cards; selling stocks, bonds, securities, options, futures (forex) or an investment interest in any entity or property; or providing escrow services; offering online dating services; providing file sharing services or access to newsgroups; or selling alcoholic beverages; and
  • Tax payments and court ordered payments."
In the first line please note the word may. Please note as well all of the other categories included. They're doing this hoping to cover themselves in the event someone violates a law

In another section it states that tax payments and court-ordered payments are permitted but not recommended.
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Old 03-03-2013, 12:33 AM
 
19 posts, read 26,277 times
Reputation: 18
Uhhhhh ... the original poster said "page 10." Perhaps it's a page formatting thing on their site, but that notice appears on "page 12" on my end and is specific to "Pay A Person" transactions:

https://www.usbank.com/mobile/pay-a-person.html

"Pay-A-Person" transactions are not like other transactions. US Bank customers are NOT prohibited from buying guns or ammo from any dealer who accepts their checks or credit/debit cards. "Pay-A-Person" is merely US Bank's "wannabe PayPal" extension of their banking services. And like PayPal, you cannot buy firearms or ammo ... UNLESS ... you use a PayPal debit or credit card.

Bottom line? I am no great lover of US Bank nor have I ever had an account with them. But this brouhaha over US Bank is just a tempest in a teapot. Now, if gun owners really wanted a bank to hate, they should consider Bank of America:

http://www.nrahuntersrights.org/Article.aspx?id=6457

I won't be banking with them, either. Except for my TreasuryDirect account, my money is split between two credit unions ... and credit unions tend to be less "political" than banks since they're owned by depositors, not corporations.

Last edited by Kronicle; 03-03-2013 at 01:42 AM.. Reason: added P.S.
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Old 03-03-2013, 01:09 AM
 
Location: somewhere in the woods
16,886 posts, read 12,536,143 times
Reputation: 5210
Quote:
Originally Posted by Fargobound View Post


from the link;


Quote:

Prohibited payments may also include, but are not limited to:
  • Payments related to: (1) tobacco products, (2) prescription drugs and devices; (3) narcotics, steroids, controlled substances or other products that present a risk to consumer safety; (4) drug paraphernalia; (5) ammunition, firearms, or firearm parts or related accessories; (6) weapons or knives regulated under applicable law; (7) goods
guess they like being PC for a legal item to own. hope they enjoy the loss of business.
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