March 5, 2014
A Minneapolis-based bank has been closing the accounts of its customers in the Islamic community for years, but nobody can figure out why.
MINNEAPOLIS, Minn.– For years, Twin Cities’ residents who identify as members of the Islamic community say they have had their bank accounts closed unnecessarily and without reason by the Minneapolis-based TCF Financial Corp.
In one case, an American citizen — born and raised in Minneapolis — had his bank account closed, along with his sister’s account. The client used the account he opened in 2002 for his dental practice. He reportedly did not have any international transactions on his account, nor did he ever bounce a check or fail to keep a minimum balance. But he says that didn’t stop TCF from issuing a letter notifying him that the bank was “exercising its right under the terms of your account contract to discontinue our banking relationship.”
“A letter notified me that my account is closing, then after visiting and calling them I was notified by phone that TCF will not keep me as a customer even if I open a new account,” the former TCF customer told MintPress News. According to the Council on American-Islamic Relations Minnesota chapter, America’s largest Muslim civil liberties and advocacy organization, the closure of bank accounts belonging to Minnesota Muslims of Somali, Middle Eastern and South Asian origin, largely occurred between 2012 and 2013. CAIR-MN says it first got involved after it was reported in January 2013 that several Iranian students at the University of Minnesota had their accounts closed.
As the group’s Civil Rights Director Saly Abd Alla told MintPress, “None of these individuals have been charged with any crimes or engaged in any transaction that violates U.S. law. The only thing these individuals have in common, aside from TCF abruptly and without explanation closing their bank accounts, is that they have Muslim names. “All of the clients are American citizens,” she added. “Some are converts to Islam, others were born into a Muslim family; they are various ages and professions; different ethnicities and races.”
Mint Press: http://www.mintpressnews.com/c