They have told me it is due to the amount of cash going into the account and money laundering. But I think it is due to OF and me paying for aw from it which they cannot say as that is discriminatory. However if they really though it was money laundering they wouldn’t let me till day on using the account as normal they would freeze it. I have just read that Metro banks closed the orporste account for Only fans the company so thy really dont like them
The thing is indeed paying for AdultWork, Vivastreet, Kommons or any other site qualified by MasterCard and Visa as "dating site". The bank might be OK, but when either card network detects such payments, they flag it to the bank to enquire... as their terms and conditions [with the bank] include "nothing related to adult entertainment".
So this usually leads to closure of the account (with a long period freezing the assets before they release them to you), as no bank would want to lose Mastercard or Visa accreditation.
Is that illegal for those payment networks to act that way? Yes in the UK. But not in other countries. Now good luck going to justice against MasterCard/Visa.
I've already lost 2 business accounts that way (Tide, Anna). Seriously thinking about trying a proper "brick and mortar" bank for a change