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How Chase Bank Has Managed to Infuriate the Entire Porn Industry
JP Morgan Chase has reportedly sent letters to individuals in the adult industry, notifying them that their accounts will be closed. (Image source: Shutterstock)

How Chase Bank Has Managed to Infuriate the Entire Porn Industry

"We recently reviewed your account and determined that..."

JP Morgan Chase has reportedly sent letters over the past month to hundreds of porn stars notifying them that their accounts will be closed, triggering outrage throughout the adult industry.

"We recently reviewed your account and determined that we will be closing it on May 11, 2014," the letters read. "Please accept our apologies for the inconvenience."

JP Morgan Chase has reportedly sent letters to individuals in the adult industry, notifying them that their accounts will be closed. (Image source: Shutterstock) JP Morgan Chase has reportedly sent letters to individuals in the adult industry, notifying them that their accounts will be closed. (Image source: Shutterstock)

A copy of the generic letter was first posted online by blogger Perez Hilton, but later tweeted out by at least one adult actress.

"You may close your account before the date we've provided," the letters say. "Your account agreement says that either of us may close your account at any time, without notice and without a reason."

The letters do not provide any reason for the account closures.

Adult star Teagn Presley said on Twitter, however, that when she contacted the bank they told her she was an "infamous figure in the adult business" and "that's the reason why they closed it."

She added that she did not use the account for business-related transactions.

Presley did not immediately respond to a request for comment from TheBlaze, but provided more details to adult news website XBIZ, expressing her frustration that Chase would choose to terminate her account strictly because of the line of work she engages in.

“I can understand if I had some checks that bounced or if I wrote checks that bounced, or anything like that, or I was charging stuff to a lot of adult companies, but I just don’t have anything like that on my account,” she said.

This is not the first time that Chase has stirred controversy inside the adult industry. Earlier this year, a bank representative told The Huffington Post that they refused to process payments for a condom company because the bank classified the company's product as "adult-oriented" which might pose a "reputational risk."

Chase did not immediately respond to a request for comment from TheBlaze.

UPDATE — 4/28: JP Morgan Chase responded to TheBlaze Monday, but declined to provide a comment.

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