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The Almighty Buck

Citibank Cancels Bank Account of Objectionable Blogger 265

Posted by CmdrTaco
from the there's-gotta-be-more-to-this dept.
Keith found this story about Citibank blocking a website's bank account after deciding that the site's blog contained questionable content. I guess it's up to a bank to decide whom to do business with, but this is pretty crazy.
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Citibank Cancels Bank Account of Objectionable Blogger

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  • What a shock (Score:2, Interesting)

    by Anonymous Coward

    Isn't CitiBank the bunch who decided they can freeze anybodies account for seven days, anytime they decide to?

    Fine fellows to do business with.

    • Re:What a shock (Score:5, Interesting)

      by L3370 (1421413) on Thursday February 25, 2010 @02:57PM (#31275748)
      Citibank is the bunch that *can* require seven days time for you to CLOSE out the account. They did not say they freeze accounts and anytime.
      Argh why am i responding to Anon...
      • by h4rr4r (612664)

        So you mean they can get 7 days free interest out of you and make it a royal hassle to leave. Sounds like a great company to do business with.

      • by HopeOS (74340)
        I just opened an account with Citibank. I received the first statement last night. It declares that beginning April 1, they may hold my money for 7 days regardless of how I try to access it. It simply says "withdrawals." There is no reference to account closures. That said, I will be closing this account first thing next week.
      • by infinite9 (319274)

        Citibank is the bunch that *can* require seven days time for you to CLOSE out the account. They did not say they freeze accounts and anytime.
        Argh why am i responding to Anon...

        They *can* put a 7 day hold on *any* withdrawal they like.

    • Re: (Score:3, Funny)

      by jellomizer (103300)

      Only I knew If I could make some truthful disparaging blogs about Citibank and all the trouble I had they would have canceled my mortgage.

  • by Anonymous Coward on Thursday February 25, 2010 @02:45PM (#31275520)

    You post one side of some obscure blog's events, and this is front page news?!! Of course there must be more details to this, but we wouldn't get it from this lame submission.

    I can't even see how this issue is really relevant to nerds here. There's no tech connection, no connection to anything really.

    • Yeah sure, an international conglomerate swinging it's weight around and closing a *website* because of "objectionable content" is hardly news and has nothing to do with technology at all.

      You do know that websites run on computers right? And since when did nerds not care about censorship? Especially censorship by a corporation.

    • Re: (Score:2, Informative)

      by tomhudson (43916)

      You post one side of some obscure blog's events, and this is front page news?!! Of course there must be more details to this, but we wouldn't get it from this lame submission.

      I can't even see how this issue is really relevant to nerds here. There's no tech connection, no connection to anything really.

      The "obscure blog" is a gay blog with lots of funding, and major backers.

      Also, a recent survey of high school students found that more than 10% identified themselves as one form or another of "transgender

    • by BitZtream (692029)

      God, the tech connection is that its on the Internet, so it must be news for nerds.

      And also, CmdrTaco didn't really post this story, Timothy or kdawson stole his password used his account to post this story.

  • Non-story (Score:3, Insightful)

    by Danse (1026) on Thursday February 25, 2010 @02:47PM (#31275560)
    Bank does something inexplicable and/or dumb. Film at 11. They already unblocked the account and are doing a "review" of the site apparently. This will probably amount to nothing and they'll simply leave the account open. Wake me if something interesting happens.
  • by Arancaytar (966377) <arancaytar.ilyaran@gmail.com> on Thursday February 25, 2010 @02:55PM (#31275682) Homepage

    contained questionable content

    What's wrong with being a webcartoonist?

    • Re: (Score:2, Funny)

      by Anonymous Coward

      Have you ever met Randy Milholland? You'd never ask that question again.

  • by chiku (471300) on Thursday February 25, 2010 @02:55PM (#31275692)

    It could as well be a marketing ploy to get more eyeballs to the website. Did this really (I mean really???) happen. Can someone independent confirm this?

    Not that it is a tech story anyways.

  • by Dr_Art (937436) on Thursday February 25, 2010 @03:08PM (#31275930) Journal
    Couldn't they just have modded them "-1 Troll"? :-)
  • Blacklisted (Score:4, Informative)

    by Itninja (937614) on Thursday February 25, 2010 @03:15PM (#31276030) Homepage
    From TFA: "I promise you that if we do not get a good response to this on Thursday we are moving our bank account to a bank that respects and appreciates our business."

    Yeah good luck with that. If a bank dumps you for what they decide to be 'questionable conduct', they usually communicate that with other banks. I would doubt he could get an account with anything other than a small community bank now...not that that's a bad thing.
    • Re: (Score:3, Informative)

      by netruner (588721)
      There seems to be a disconnect with "businesses" that make their living primarily off of a government license or special status. As we saw when they dissected the banking crisis, many "financial" businesses are quasi-governmental in nature and as such should have much less latitude to declare themselves "purely private" entities with freedom of choice.

      Having said that, I do not believe that banks should have any latitude to deny service to anyone who is not causing a direct problem for the bank. (i.e. b
  • by Em Ellel (523581) on Thursday February 25, 2010 @03:18PM (#31276070)

    If you do not want to do business with someone there are better ways of handling this than locking someone's account without telling them.

    The conspiracy theory nut in me wonders if there was the company CEO's buddy in CitiBank who was willing to part with their job in exchange for doing this. I mean, this is a godsend to a yet another social network site doomed to failure - to create news outrage among its target audience weeks before launch - you bet every gay rights group will be talking about this. You can't pay enough for this sort of a publicity.

    -Em

    • Conspiracy theory nut...inside job?

      Really? This is the title you're going to with this as your subject title considering what's being discussed?

  • I went to their blog, they just seem to sell t-shirts with the name of their site on them. Did anyone find any content that could be considered questionable? I was going to say "porn makers use banks too", but maybe they rape babies or something and I missed it.

  • by Fished (574624) <[moc.liamg] [ta] [yrogihpma]> on Thursday February 25, 2010 @04:24PM (#31277064)
    Assuming that the problem is even real, or even related to content (I have my doubts, because this seems like a great marketing ploy)... Is it because it's a gay site or because it's a "hookup" site? As i read the front page, this is about meeting someone for a "hookup". From what I've heard, postings in such forums are often deceptive and/or fronts for other sorts of "opportunities". If that's the case, Citibank might legitimately wonder whether this is a good business for them to be involved with, if only because of the opportunity for chargebacks.
  • by Hurricane78 (562437) <deleted.slashdot@org> on Thursday February 25, 2010 @04:50PM (#31277434)

    These are my rules of a bank that I will not have business with:

    • Lends your money to others. (Especially while leaving the risk with you!)
    • Works with interest.
    • Works with imaginary money. (Money that is not based on a physical resource like gold.)

    These are all highly immoral and in my eyes illegal concepts.

    Which is why I will found my own gold/silver-based currency and bank for my big game project, and legally allow using it outside of the game. (But will disallow any of the above behaviors.)

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