Banks can and will shut down your account for any reason. You can have a bank refuse to do business with you because you share a name with someone they don't want to be associated with.
Someone I know who had bad credit called Bank of America once to ask customer service a question, and after being put on hold for a while, the representative came back and said they were cancelling her account as a bad credit risk, told her she'd get her remaining balance as a check, and hung up on her.
Banks can and will shut down your account for any reason. You can have a bank refuse to do business with you because you share a name with someone they don't want to be associated with.
Then all businesses should be free to do so. But that's not the environment we live in right now.
Someone I know who had bad credit called Bank of America once to ask customer service a question, and after being put on hold for a while, the representative came back and said they were cancelling her account as a bad credit risk, told her she'd get her remaining balance as a check, and hung up on her.