Bank of America is holding $132,000 from my business

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  "signal_type": "reddit-company",
  "signal_subtype": "accountRestriction",
  "detected_at": "2026-10-31T19:53:57+00:00",
  "company": {
    "name": "Bank of America",
    "domain": "bankofamerica.com"
  },
  "data": {
    "nsfw": false,
    "stage": "confirmed",
    "awards": 0,
    "timing": "in_progress",
    "topics": [
      "payment processing",
      "funds hold",
      "risk",
      "compliance",
      "merchant services"
    ],
    "post_id": "1xkjpbe",
    "summary": "Bank of America abruptly closed a B2B jewelry casting merchant account after two weeks of processing and placed a hold on nearly $132,000 for up to six months citing a business decision.",
    "category": "funds_hold",
    "comments": [
      {
        "url": "https://www.reddit.com/r/PaymentProcessing/comments/1xkjpbe/comment/19ry1j2m8ux1c/",
        "depth": 0,
        "score": 3,
        "author": "MegamanSE",
        "excerpt": "You can get an attorney to send a letter threatening injunction with explanation of business crisis and showing good performance etc but it’s no guarantee.",
        "posted_at": "2026-10-31T20:04:53.000Z",
        "author_url": "https://www.reddit.com/user/MegamanSE/"
      },
      {
        "url": "https://www.reddit.com/r/PaymentProcessing/comments/1xkjpbe/comment/19ry3slvzp1hf/",
        "depth": 0,
        "score": 3,
        "author": "Crazy-Edge-2778",
        "excerpt": "Thats the price you pay by using payment processors. You know that dog you had in you when you first started and everyone doubted you, you failed hundreds of times before getting your first real win but you kept pushing everyday…. Yea you gotta wake the dog up and understand you are not getting that momey no time soon enough for you. So look at it as gone and try to pull something out the hat",
        "posted_at": "2026-10-31T20:55:40.000Z",
        "author_url": "https://www.reddit.com/user/Crazy-Edge-2778/"
      },
      {
        "url": "https://www.reddit.com/r/PaymentProcessing/comments/1xkjpbe/comment/19ry3yihqtp6t/",
        "depth": 0,
        "score": 2,
        "author": "NPSALLEN",
        "excerpt": "They are probably holding funds due you being in MATCH - unless they filed and exception - they got a match notification and held your funds\nIf you want to get your money back\nWe can assist you with an intro to an attorney we work with and we can get you approved properly by obtaining an exception which is key",
        "posted_at": "2026-10-31T20:59:21.000Z",
        "author_url": "https://www.reddit.com/user/NPSALLEN/"
      },
      {
        "url": "https://www.reddit.com/r/PaymentProcessing/comments/1xkjpbe/comment/19ry4dxdz1woy/",
        "depth": 0,
        "score": 1,
        "author": "Helpful_Excuse_1103",
        "excerpt": "Get a lawyer and start charging interests on each lapsed day. That usually expedites any investigation",
        "posted_at": "2026-10-31T21:08:57.000Z",
        "author_url": "https://www.reddit.com/user/Helpful_Excuse_1103/"
      },
      {
        "url": "https://www.reddit.com/r/PaymentProcessing/comments/1xkjpbe/comment/19ry7a3rkbv7n/",
        "depth": 0,
        "score": 1,
        "author": "SDK_MOD",
        "excerpt": "You were using their processor? Or someone else?",
        "posted_at": "2026-10-31T22:13:49.000Z",
        "author_url": "https://www.reddit.com/user/SDK_MOD/"
      },
      {
        "url": "https://www.reddit.com/r/PaymentProcessing/comments/1xkjpbe/comment/19ry8o1qm7nwg/",
        "depth": 0,
        "score": 1,
        "author": "Better_Decision_4801",
        "excerpt": "I’d potentially look into taking a loan out against the amount frozen. there are some private credit folks who will do it.",
        "posted_at": "2026-10-31T22:44:56.000Z",
        "author_url": "https://www.reddit.com/user/Better_Decision_4801/"
      },
      {
        "url": "https://www.reddit.com/r/PaymentProcessing/comments/1xkjpbe/comment/19rys5112f64k/",
        "depth": 0,
        "score": 1,
        "author": "Own-Bee-473",
        "excerpt": "Dealt with this with a CC processor when I first started my business. My very first transaction was for $27,000 & they assured me there would be no issues during onboarding. Long story short, they held the money for 5 months. They were going to hold it for 180 days, but I was very persistent in annoying them.\n\n Luckily, I was able to borrow money from a family member to keep a float during that ti",
        "posted_at": "2026-11-01T06:01:29.000Z",
        "author_url": "https://www.reddit.com/user/Own-Bee-473/"
      }
    ],
    "evidence": [
      "[post] After about two weeks of processing transactions, they suddenly closed my account and are holding nearly $132,000 for up to six months in case of chargebacks.",
      "[post] They did not give me a solid reason why they are shutting my merchant services down, but just simply a “business decision”."
    ],
    "virality": "medium",
    "post_date": "2026-10-31T19:53:57.000Z",
    "post_kind": "text",
    "post_text": "I recently took over an established jewelry casting business in Los Angeles. Most of our work is B2B. The previous owner offered clients payment terms, but I decided to accept credit cards instead, with an additional 3% fee that my clients agreed to.Getting approved for merchant services was difficult because I was on the MATCH list under Reason Code 14, related to potential identity theft. I was eventually approved by Bank of America. After about two weeks of processing transactions, they suddenly closed my account and are holding nearly $132,000 for up to six months in case of chargebacks. They did not give me a solid reason why they are shutting my merchant services down, but just simply a “business decision”.\n\nI need those funds to buy raw materials and keep the business operating. I have resale certificates for all my clients and have AML procedures in place.\n\nHas anyone dealt with a similar situation with Bank of America or another processor? Were you able to get the funds released sooner, or is there anything I should do?",
    "sentiment": "negative",
    "subreddit": "PaymentProcessing",
    "event_date": "2026-10",
    "post_flair": [
      "Risk and Compliance"
    ],
    "post_title": "Bank of America is holding $132,000 from my business",
    "prominence": "core",
    "source_url": "https://www.reddit.com/r/PaymentProcessing/comments/1xkjpbe/bank_of_america_is_holding_132000_from_my_business/",
    "entity_role": "subject",
    "post_author": "BleakerStreet",
    "upvote_ratio": 1,
    "mention_count": 1,
    "mention_surge": false,
    "subreddit_url": "https://www.reddit.com/r/PaymentProcessing/",
    "total_upvotes": 6,
    "comments_total": 10,
    "total_comments": 10,
    "event_date_text": "After about two weeks of processing transactions",
    "post_author_url": "https://www.reddit.com/user/BleakerStreet/",
    "signal_category": "event",
    "comments_included": 7,
    "products_mentioned": [
      "merchant services"
    ]
  }
}

curl https://signals.autobound.ai/v1/signals/02d70e4a-6ec0-5cb0-a567-cb9a9121036a \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"bankofamerica.com","limit":20}'