Wells Fargo Wants Porn's Money

LOS ANGELES — Money may be considered the root of all evil, but not where Wells Fargo bank is concerned. Jumping on the opportunity to do business with adult after Chase Bank's move to shut down porn industry workers’ accounts, Wells Fargo is offering a friendly port in the financial storm.

TMZ reported that the banking giant is welcoming all porn stars that claim Chase has shut them out.

A company representative told TMZ, "Of course we encourage these industry workers to come to us with their business and we will gladly help them."

Even though there may be a new home for porn money, the stars haven’t taken the Chase slam lying down.

The Daily News reported today that performers Veronica Avluv and Teagan Presley — who have already moved their accounts to Wells Fargo — have taken to social media and are bashing Chase via their substantial Twitter accounts after falling victim to the lock out.

"I'm just upset and still in shock it's even happening. I'm not doing anything illegal," Presley told The News.

Presley’s husband, Joshua Lehman, who also had his personal and business accounts closed, including Skinworxxx, said, "I've heard three different reasons. When I went into our branch, they said it was the nature of our business. When I called, they said they were closing my personal account because my wife is an 'infamous' adult star.

“When I talked to my branch again, they said it wasn't because we were in the adult industry but because we did business with a convicted felon,” Lehman said.

Despite frustration over trying to fight the giant financial institution, Lehman said he and other adult industry folks have contacted industry lawyer Michael Fattorosi to explore possible legal action.

Related:  

Copyright © 2026 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

Hollywood Reporter Covers XBIZ Miami in Article on Premium Fan Platforms

The Hollywood Reporter extensively covers this year's XBIZ Miami conference in an article on premium fan platforms in the magazine's latest issue.

F2F, Image Angel Launch 'Forensic Watermarking' for Traceability

Friends2Follow (F2F) and Image Angel have partnered to launch a new traceability solution to combat unauthorized content sharing with the use of forensic watermarks.

Cailey Katts, Steve Rickz Front New Release from Grooby

Cailey Katts and Steve Rickz star in the latest release from Grooby Girls, titled “My Best Friend’s Brother.”

Yhivi, Lilly Bell Star in Latest From Girlsway

Yhivi and 2025 XMAs Girl/Girl Performer of the Year Lilly Bell star in the latest release from Girlsway, titled “Like a Real Married Couple.”

Jade Venus, Kasey Kei & Addison Vodka Front Latest From Transfixed

Jade Venus, Kasey Kei, and Addison Vodka star in the latest release from Transfixed, titled "The Sexy Setup."

Kasey Kei Stars in Latest From Kink.com

Kasey Kei stars with Jake Switch in the latest installment of Kink.com's "Kink Trans" series, titled "Take My Hole, Mistress."

EU Court: France Can Require Foreign Sites to Implement AV

The European Union’s Court of Justice ruled on Tuesday that France may require pornographic websites based in other EU states to implement age verification in accordance with French law, as long as France follows EU electronic commerce rules.

Foxxy, Cami Strella Topline Latest 'TS Taboo' From TransSensual

Foxxy and Cami Strella headline the 11th volume of "TS Taboo: Office Liaisons" from Mile High Media studio imprint TransSensual.

Madison Wilde, Eva Long Topline Latest 'My Friend's Lesbian Daughter'

Madison Wilde and Eva Long headline the fifth volume of “My Friend's Lesbian Daughter,” the latest release from Girlfriends Films.

LoyalFans Announces 'Group Walkthrough' Online Event Series

LoyalFans has announced its new “Group Walkthrough” online event series for creators, taking place every Tuesday and Thursday.

Show More