September 8, 2025
Debanking is still happening in major banks, but not with ProLifeFintech
‘It will happen whenever they think they can get away with it. We created ProLifeFintech as a permanent solution to the problem,’ said Nick Vujicic, ProLifeFintech’s Co-founder and Chief Brand Ambassador
PLANO, Texas — Debanking and denying financial services to Christians infringes upon the First Amendment right to free speech. But it’s happening.
President Donald Trump, who has himself been debanked by major institutions because of his political views, recently signed an executive order to stop the practice. The order is aimed at putting an end to regulators and banks shutting down accounts, also known as debanking, for political reasons.
“It’s encouraging that the president understands what we have been going through, and has taken action,” said Nick Vujicic, ProLifeFintech’s Co-founder and Chief Brand Ambassador.
“But if you think this neatly ends the problem, you aren’t familiar with how either Wall Street or Washington works. Debanking is still going on, and it will happen whenever they think they can get away with it. We created ProLifeFintech, a financial technology company that provides believers with a banking choice that aligns with their values, as a permanent solution to the problem.”
Under the executive order, federal banking regulators will be required to remove reputational risk and equivalent concepts from guidance and examination manuals, and the Small Business Administration will require financial institutions to make efforts to reinstate clients and potential clients previously denied services due to an unlawful debanking policy.
In January, in a speech by remote to the World Economic Forum in Davos, Switzerland, Trump called out Bank of America for debanking conservatives.
In March, Sam Brownback, chairman of the National Committee for Religious Freedom, shared his story with the New York Post about being debanked by a mainstream bank.
Late last year, Nick Vujicic started ProLifeFintech as a result of being debanked in 2019 by one of the largest banks in the U.S., with zero cause.
Nick became famous as a person of faith who was born with no limbs and nonetheless lives life fully, eloquently sharing the Gospel of Jesus Christ and inspiring millions worldwide through his messages of faith, perseverance, and hope.
After Nick was debanked, he immediately reached out to his friend Betsy Gray, the CEO of a women’s medical clinic that provided free ultrasounds to women making an important decision. When Betsy could not find a bank or credit union in the community that aligned with her values, she knew it was time for another banking solution; that solution was ProLifeFintech.
ProLifeFintech offers a range of financial products and services designed to meet members’ needs and support their family’s financial journey, all while honoring God and aligning with their values. ProLifeFintech is open to everyone.
To learn more about ProLifeFintech or to open an account, click here.
ProLifeFintech is a financial technology company that provides believers with a banking choice that aligns with their values and helps them bank with purpose! With the motto, “BANKing on Purpose,” ProLifeFintech is more than a fintech — it’s a faith-driven movement that aligns a Christian’s banking and financial journey with Kingdom values, honoring God and making a meaningful impact in service to His will. Available in all 50 states, ProLifeFintech provides a digital banking service that passes deposits through to their banking charter sponsor, Regent Bank (Member FDIC). The depositor’s money is securely held at Regent Bank. ProLifeFintech offers a range of financial products, including individual checking, savings, and money market deposit accounts with competitive rates currently as high as 3.045% APY*. To learn more, visit ProLifeFintech at https://prolifefintech.com.
Disclaimers:
ProLifeFintech is a financial technology company, not a bank. Banking services are provided by Regent Bank, Member FDIC. FDIC insurance only covers failure of insured depository institutions. Certain conditions must be satisfied for pass-through FDIC deposit insurance to apply.
*Annual Percentage Yields (APYs) and Interest Rates shown are offered on accounts accepted by ProLifeFintech are accurate as of 03/04/2025. Interest Rates are subject to change without notice. Interest is compounded daily and paid monthly. Interest is calculated and accrued daily based on the daily collected balances in the account. Accrued interest is considered to be earned and will be paid only when the total interest accrued reaches $0.01 or more. In any month, the amount of accrued interest is less than $0.01, periodic statements will show no Annual Percentage Yield Earned (APYE) or interest earned though interest is accruing. Interest Rates and APYs for all checking and savings accounts are variable. To avoid the $10 monthly maintenance fee on your ProLife Money Market account you must maintain an average daily balance of $1,000 or more. If your average daily balance falls below this amount during the statement cycle, the fee will be applied. Fees may reduce earnings on the account.
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To schedule interviews about ProLifeFintech and with Nick Vujicic, contact Hamilton Strategies, Media@HamiltonStrategies.com, Beth Bogucki, 610.584.1096 ext. 105, Dawn Foglein, ext. 100, or Richard Jefferson, rjefferson@hamiltonstrategies.com.
