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NewsWFLA News TampaAugust 3, 2026Hillsborough County

Capital One closed Donald Trump's bank accounts in 2021 citing potential money laundering concerns

Photo: WFLA News Tampa

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 against the bank.

BankingMoney LaunderingDonald TrumpCapital OneCourt Filings
Read the full story at WFLA News Tampa

Why It Matters

The disclosure provides public insight into the internal compliance actions taken by a major financial institution regarding the personal 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 closure.
  • The information was revealed in a court filing over the weekend.
  • The filing is part of a lawsuit brought against Capital One by a third party.

Who's Mentioned

PersonDonald Trump“President of the United States and plaintiff in the lawsuit”OrganizationJPMorgan Chase“Bank also sued by Trump for alleged debanking”other300“Number of bank accounts closed by Capital One”OrganizationCapital One“Financial institution that closed the accounts”locationNew York“Location of the AP report.”