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Bank of America Stops Wikileaks Transactions

Bank of America Stops Wikileaks Transactions - Bank of America stops processing WikiLeaks payments, which could pose a problem for the infamous website. It actually decided that it will no longer handle any WikiLeaks transactions, which they are quite within their rights to do. Of course, the controversial site has fired back at them on Twitter.

Upon learning the news, WikiLeaks posted on Twitter “Does your business do business with Bank of America? Our advice [sic] is to place your funds somewhere safer.” This seems to be odd reasoning. How would this decision mean that money is not safe? It really makes no sense, and in fact it is not really logical at all. Their other tweet about this topic did make more sense though. They also tweeted “We ask that all people who love freedom close out their accounts at Bank of America.”

Bank of America Stops Wikileaks Transactions

The reason the bank made the decision is because it believes that WikiLeaks “may be engaged in activities that are, among other things, inconsistent with our internal policies for processing payments.” Interestingly, Bank of America joins the growing rank of companies that are refusing to do business with the site – MasterCard and PayPal have also stopped handling WikiLeaks payments recently. Apparently the next major WikiLeak will involve a major American bank, and Julian Assange has already confirmed that he was in possession of a 5GB hardrive from the bank – perhaps this news is part of what prompted it to withdraw its business.

Does Bank of America’s decision to stop processing WikiLeaks payments and other transactions make you feel the bank is less safe for your money? That decision really doesn’t appear to speak to the safety of the bank at all really. Of course, the freedom tweet may have more of a point. However, would its decision make you decide to switch banks? Bank of America offers a lot of great perks for customers including free online bill pay and all types of conveniences. For many, this WikiLeaks controversy just won’t mean much at all when deciding where to bank. In fact, for some, it may actually cause people to switch to the bank. What about you? Are you more likely to leave Bank of America or switch to them over the WikiLeaks decision?

Bank of America Stops Wikileaks Transactions

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