Leaked: The Only 9 Banks That Welcome Gun Dealers

If you work in the firearms industry, you are no stranger to the compliance and security that comes with working in this field. Over the past several years, financial institutions such as banks have become increasingly aware of security when supporting industries related to firearms. As a result, many of them have publicly made a stance and even adopted policies that make it nearly impossible for gun dealers to complete transactions with them. 

On the other hand, this has also opened space for banks that are supportive of the firearms industry to increase their competitive advantage and become more vocal on the topic. Transactions are an essential part of legally operating gun dealers’ businesses, so it is crucial to be in-the-know about banks who support your operations!

Whether you are a gun dealer, enthusiast, or somebody who is interested in learning more about this industry, it is important to know which banks are available for you to use when the time comes. In this article, we will outline nine different banks that actively welcome gun dealers, explain viewpoints on policies, and highlight key features you should know about working with them. Let’s dive in!

Understanding Restrictions 

Gun dealers have faced increasing challenges due to the lack of banks that are available for processing transactions. Financial institutions have reacted to public pressure and internal policy by restricting or denying services related to manufacturing or selling firearms. This is often caused by concern over risk, public relations, politics, or social values and Norms within an organization. 

With that being said, it is important to remember that gun dealers are legal businesses that play an important role in supporting an individual’s right to own a firearm. Several banks have realized this and offered to step up to the plate, offering accessible services and education programs that can ensure these organizations are not excluded from legal financial services. Understanding these restrictions and having a bank that mirrors this can be game-changing for your business and bottom line!

Why Do Gun Dealers Need to Use Banks?

No matter what industry your business is operating in, it is important to have a reliable partnership with a bank. There are countless reasons as to why! From operating your back office practices, executing payroll, managing cash flow, and processing credit card payments, gun dealers are reliant on banks and financial services to keep their businesses operating smoothly and legally. Without access to these financial institutions, gun dealers can struggle to stay compliant with regulations, sometimes forcing them to help operations altogether. This proves the importance of gun dealers knowing the banks that support processing legal firearm sales while also understanding the unique compliance and regulations policies that go into these business transactions. 

Nine Banks That Welcome Gun Dealers and Firearm Sales 

Let’s take a look at nine different banks that are known for their active support of gun dealers and the right to own a firearm in the United States. These financial institutions have openly spoken about their neutrality regarding these types of businesses and have welcomed business owners and customers from this industry. 

• Wells Fargo
  Wells Fargo has been a long-time supporter of gun-related businesses. Time and time again, this financial institution has voiced its commitment to supporting all legal transactions of firearms. They are known for offering a wide range of banking services for businesses, and are household names, making them a reliable choice for firearm sales.
• Bank of Oklahoma
  The Bank of Oklahoma is another institution that is known for actively supporting gun dealers. While this bank has historically avoided making public statements about its involvement in firearm sales, it continues to provide financial services to businesses operating in this industry.
• Midland States Bank
  Midland States Bank is a regional institution that is very open to serving gun-related businesses. If you decide to work with this bank, you can expect personalized service and strategic support for small to medium-sized businesses.
• Synovus Bank
  Bynovus Bank has a reputation for being a small business-friendly institution, offering flexible lending options and commercial banking services. This is a great choice if you are a gun dealer seeking financial support.
• First National Bank of Omaha
  In the past, The First National Bank of Omaha has withdrawn support for certain firearm-related businesses and programming. While in recent years, it has maintained a willingness to work directly with firearms dealers, while providing comprehensive banking services that are tailored towards small business owners.
• Zions Bank
  Zions Bank offers solutions for both gun dealers and manufacturers and has a strong presence in the western part of the United States. This bank has earned a reputable record for supporting small and medium-sized local businesses that offer in the gun dealer industry.
• Truist Bank
  Truist Bank Has long been known for supporting Second Amendment rights for gun dealers and buyers in the United States. This financial institution has adopted broader policies and gun dealers have continuously reported strong relationships with this bank’s financial services.
• Citizens Bank
  Citizens Bank is another great household name to work with if you are operating in the firearms industry. They are for financial products that are flexible and are commonly known for their exemplary customer service.
• BKW Servicing
  BKW Servicing has the best custom processing solutions that are tailored to your individual merchant needs, including individualized support for gun dealers. Not only are you able to have access to secure transactions and fraud protection, but also compliance-driven knowledge that will help you operate legally in the state in which you are doing business.

Partnering With BKW 

Navigating the challenging financial landscape of the firearms industry can seem overwhelming, but know that you do not have to do it alone! Working with a partner who understands the unique needs of gun dealers can make all the difference in your business operations and help increase the value of customer support you are able to provide. 

At BKW Servicing, we specialize in helping firearms businesses secure the services they need to thrive and operate within compliance. From merchant processing to legal solutions, our dedicated team is here to support your success while ensuring you remain in full compliance with industry regulations. Contact us today to learn how we can help you streamline your operations and scale your gun dealer business with confidence.