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NewsWFLA News Channel 8August 3, 2026Hillsborough

Capital One discloses closure of Donald Trump's bank accounts in 2021 citing money laundering concerns

Capital One closed bank accounts held by Donald Trump in 2021 after identifying financial activity with characteristics of money laundering. The disclosure was made in a court filing related to a lawsuit brought against the bank.

bankingmoney launderingDonald TrumpCapital Onelegal proceedings
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Why It Matters

The disclosure provides public insight into the internal compliance actions taken by a major financial institution regarding the accounts of a former U.S. President.

Key Facts

  • Capital One closed bank accounts belonging to Donald Trump in 2021.
  • The bank cited financial activity with characteristics of money laundering as the reason for the closures.
  • The information was revealed in a court filing over the weekend.
  • The filing is part of a lawsuit initiated against Capital One.

Who's Mentioned

personDonald Trump“President and plaintiff in the lawsuit against Capital One”organizationJPMorgan Chase“Bank also sued by Trump for alleged debanking”other300“Number of bank accounts closed by Capital One”organizationCapital One“Bank that closed the accounts and is a defendant in the lawsuit”