Christian Ministry Loses Bank of America Account Over Religious Activities

Faith Facts

• Bank of America closed a Christian ministry’s account in 2020 citing internal policies against certain business types.
• Multiple ministries and faith-based organizations have reported similar account closures from major financial institutions.
• Faith-based groups are increasingly facing challenges accessing traditional banking services across the United States.

In 2020, Bank of America informed a Christian ministry that its account was being closed because the institution had chosen not to service certain types of businesses. The ministry initially believed this decision was isolated to their organization alone.

Further investigation revealed that other faith-based groups had encountered the same treatment from the same financial institution. The pattern suggests a broader policy affecting religious organizations seeking banking services.

“I thought we were the only ones. We weren’t.”

This experience highlights growing concerns among Christian ministries about access to essential financial services. Many traditional banks appear to be reevaluating their relationships with faith-based organizations.

The closure of accounts for religious ministries raises questions about religious liberty and equal access to financial services. Christian organizations across the country are exploring alternative banking options that align with their values and mission.

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