Memphis-based Christian charity, Indigenous Advance Ministries, claims it has been unjustly debanked by banking giant, Bank of America (BoA). The charity suspects their account closure is tied to the bank’s disapproval of its religious ideologies. These debanking allegations, the suspension of financial services without clear explanation, signal an alarming trend that has free speech advocates calling for improved transparency in banking practices.
Indigenous Advance Ministries, which provides critical aid to orphans in Uganda, has served since its founding in 2015. Advocating for pro-life and traditional marriage views, the charity has been transparent about its religious beliefs, but maintains that these beliefs should not have influenced its banking situation. The term debanking gained notoriety following similar incidents, like that of Nigel Farage , accomplished Brexit architect and ally of former President Donald Trump. While debanking […]
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