Chase Bank Slams the Door on More Porn Stars

LOS ANGELES — Chase Bank has reportedly sent out letters to hundreds of porn stars notifying them that their accounts would be closed on May 11. Teagan Presley confirmed to XBIZ that her personal account was one of the ones shut down.

“I got a letter and it was like please cancel all transactions, please fix your automatic pay account and make sure everything’s taken care of by May 11,” Presley told XBIZ. “I called them and they told me that because I am, I guess, public and am recognizable in the adult business, they’re closing my account. Even though I don’t use my account, it’s my personal account that I’ve had since I was 18, when it was Washington Mutual before Chase bought them out.”

One of the letters, posted here by Perez Hilton, succinctly informs the recipient of the impending closure without citing specific reasons.

“We recently reviwed your account and determined that we will be closing it on May 11, 2014,” the letter reads. “Please accept our apologies for the inconvenience.”

Then, continuing in a more "compassionate" vein, "We want you to have enough time to complete pending transactions and open an account at another bank."

And yet, when Presley went to Bank of America to open up a new account, she was summarily turned away.

Presley said she did not use her Chase account for adult-related purchases, only for groceries, rent and utility payments and her childrens' gymnastics lessons. Sometimes she would deposit checks from strip clubs, Fleshlight and other adult companies. 

“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,” Presley added.    

Rising starlet Dakota Skye tweeted today, "#Chase has fucked with people before with other issues. Should not get away with shit like this," reiterating the ire expressed by many on the Twittersphere after the news broke.

Adult industry attorney Michael Fattorosi told XBIZ that Chase and other banks have “notoriously closed adult accounts or people in the industry’s accounts, but nothing like this.”

“Throughout my practice I’ve had clients that have had their bank accounts closed, once the bank recognizes or determines that they’re in the adult industry. I’ve seen that on numerous occasions,” he said. “What I’ve never seen is a bank taking a position and sending out mass letters.”

Fattorosi noted that it is yet unclear, however, how many people’s accounts were actually shut down.   

Whether legal recourse for those whose accounts were nixed is plausible — and, if so, which path is optimal — remains unclear, given that the situation is novel and that banks generally have the prerogative to do business with who they choose (yes, that often means flagrant discrimination).

Fattorosi plans to do more case study research before he makes a judgment call, explaining  “Sometimes there are banking laws that are different than we would normally expect.”  

The recent news has unearthed some of Chase's not-so-secret dirty laundry: Last year a lawsuit was filed against JPMorgan Chase by Marc Greenberg, founder of the soft porn studio MRG Entertainment, for allegedly violating fair lending laws by refusing to underwrite a loan for “moral” reasons.  

Chanel Preston also faced a similar predicament last year when City National Bank shut down her business account due to “compliance issues,” without any notification whatsoever.

Chase did not return calls for comment at time of post.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Ricky's Room Signs Chanell Heart to 1-Year Deal

Ricky’s Room has signed Chanell Heart to a non-exclusive, multi-scene contract for one year.

Jonni Darkko Drops Evil Angel Blowbang With Jennifer White

Jennifer White stars in an Evil Angel blowbang release from director Jonni Darkko.

Ariel Demure Leads Latest From TransSensual

Reigning XMAs Trans Performer of the Year Ariel Demure stars in the latest TransSensual scene, titled "My Big Cock Cummy Wedding."

Autumn Rain Fronts Latest Release From Evil Angel

Autumn Rain stars alongside Christian Wilde in the latest Evil Angel scene.

Taylor Vixxen Stars in New Elegant Angel Release

Taylor Vixxen stars with Brad Newman in a new scene from Elegant Angel, titled “Wet and MILFy.”

Octavia Red Fronts Latest From Blacked Raw

Octavia Red stars with Vixen Media Group exclusive Jason Luv in the latest release from studio imprint Blacked Raw.

XBIZ 2026 Conference to Debut All-New Company Lounges, Community Track

The event website for XBIZ 2026 is now live, unveiling details for North America’s largest adult industry conference, including two all-new show features: Company Lounges and a Community Track.

Maria May Makes Her WIFEY Debut

Creator Maria May stars with her husband Jeff, Hollywood Cash, and Jamie Knoxx in the latest release from Vixen Media Group studio imprint WIFEY.

Alexis James Stars in Latest BAM Visions Scene

Alexis James stars alongside multi-XMAs winner Mick Blue in a new scene co-directed by Blue and Maestro Claudio, aka BAM Visions, from Evil Angel.

Charlotte Sins Performs Her 1st Gangbang for Adult Time

Charlotte Sins performs her first gangbang in the latest release from Adult Time.

Show More