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I say this as someone who ran an adult website for 18 years, in Canada, until suddenly our bank informed us that they were closing our commercial accounts and w

I say this as someone who ran an adult website for 18 years, in Canada, until suddenly our bank informed us that they were closing our commercial accounts and we couldn't find a single other bank or credit union in this country that would take our business despite a pristine 18 year track record. Was there no way around it? Maybe with a shell company to hide your real business? I know it didn’t end up working out, I’m just curious if there looked to be any way out or if you really were just locked out of banking.

gspencley 3y ago
Full story here: https://coedcherry.com/fuck-banks.html https://coedcherry.com/fuck-banks.html (NSFW domain, but no adult content on that particular page). TL;DR to answer your question: shell company would have been our best bet, but not something we could do logistically or ethically. It would have worked but we'd live every single day knowing that at any moment we could get flagged and go through it all over again. And with a full time job outside outside of running the company part-time there was no time, money, energy or will to set up such a front and figure out legitimate business activities to cover the revenue that was coming in from adult entertainment.