Peoples Bank of Colorado bank, ripoff, disrespect, rude, beware of peoples bank Woodland Park Colorado

We opened 4 accounts, and a personal account with Peoples Bank of Colorado about 4 weeks ago. We have been in business for more than 5 days. I do business with companies inside the states and outside. About 1 week ago our business cards kept getting held for fraudelant activity, and we would receive an automated call asking us to contact a number with a reference code. We would call and no one at the number could find the dispute so we would aways end up calling the branch, and it was always the same reason; we were making payments to compnaies internationally, for services we have used for more than 5 years. 3 compnaies to be exact. At the most we were paying $40 per month for online meeting and training providers, on a subscription basis. I requested to have the holds permanently removed for the 2 countries in question and I was told thye would send it to the department that handles these types of disputes, because by now it became a dispute since were in the verge of losing our subscription for non payment. We conduct approximately 30 live webinars each week, and we charge, at a minimum of $199 for the participation so customers were in jeapordy of not receiving the services they paid for. 2 days later, posted in the message center of the banks online account portal a message arrived, the day before explaining that the hold release was not approved, and that they had sent us letters regarding the accounts. The letters stated that as of February 28th, 2017 our accounts would be closed. That gave us 5 days to find another bank, which we have, as well as attempting to ensure that checks we had out were honored. It was, to say the least, a nightmare.

Today we went and removed every penny from Peoples Bank as well as 2 additional accounts and our personal account, at which time we were advised that it was not only due to the international transactions made through the account that were issues but transactions made with companies in CA, TX, FL, and WA state. Unbelievable to me that we are prohibited by an american bank to conduct business with companies located in certain states. DOesn't seem american to me.

I am not at all familiar with any other situations reported ort not where other merchants have run across this same or similar issue with their financial institution. If so I would love to hear about it. It would also be a benefit to others who may be considering a business account through one of these institutions.

Beware of any american bank who will close your account for doing business with companies located in any of our great 50 states. International transactions, maybe, but only if the merchant is forwarned, which we were not.

I appreciate the opportunity to report this unreasonable and unjust outcome due to a $40 transaction for services originating from outside of the US.