A 17 year old using LocalBitcoins is an uncontrolled risk to the bank. They have uncertain odds of committing money laundering and a certainty of causing dispro

A 17 year old using LocalBitcoins is an uncontrolled risk to the bank. They have uncertain odds of committing money laundering and a certainty of causing dispropotionate chargebacks/reversals. Balanced against this, their business is worth less than nothing: the only reason you can open a checking account at all is to bring them other, more profitable business, in the future, as most operate at a loss. Terminating their account removes the risk and costs the bank next to nothing.