Here's an excerpt of a phone conversation between Mark Graham of Arizona Response Systems and Dan Schulman of Bank of America. This pretty much confirms to me that this is true and they don't care about the loss of business, so if you have a BofA account, CLOSE IT! And make sure you tell them why! I only wish I had a BofA account so I could close it.
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D: Yeah we used to approve them, it's true. So do I. I have gun businesses on the books myself. Like I said, this is a recent policy that's been put into place.
M: Okay, because I'm trying to track where the policy is coming from and, you know, because I was invited on Sunday to participate in a national radio talk show in reference to this, but I thought it best that I give Bank of America opportunity to clarify before the substantial loss of business that this policy will create.
D: Right. Well I have no problem trying to produce that. [b]To be honest, I'm not too concerned about the potential loss of business. You know, all that's been taken into account by the people that actually put together our new log, guidelines.[/b] [emphasis added]