The Trump Organization has filed a lawsuit against Capital One, accusing the bank of unjustly closing more than 300 accounts linked to the company and members of the Trump family in 2021.
According to the lawsuit, Capital One informed Trump and the other plaintiffs on March 8, 2021, that their accounts—holding millions of dollars—would be closed by June 7, 2021, without offering any recourse or alternative. The accounts were actively used for business transactions, and the plaintiffs claim they were given no advance notice or explanation before the bank’s “unilateral termination.”
Eric Trump told Fox News that the closures included 300 business accounts as well as personal accounts belonging to Trump family members. The lawsuit alleges that Capital One’s decision was driven by “political and social motivations” and “woke beliefs” intended to distance the bank from President Trump and his conservative views.
The lawsuit further argues that Capital One’s actions are part of a broader industry trend aimed at pressuring individuals and businesses to “shift and re-align” their political views. The plaintiffs say they are seeking to address the harm caused and bring attention to what they describe as an issue of significant public concern.
Sources familiar with the matter suggest that Chase, Bank of America, and TD Bank, which also provided banking services to Trump at the time, could face similar legal action in the near future.
The lawsuit, filed Friday in the Circuit Court of the Eleventh Judicial Circuit for Miami-Dade County, Florida, lists Eric Trump, the Donald J. Trump Revocable Trust, DJT Holdings, DJT Holdings Managing Member, and DTTM Operations as plaintiffs.
