# Trump Organization, Eric Trump sue Capital One for 'unjustifiable' 2021 debanking based on 'woke' beliefs

Eric Trump exclusively told Fox News Digital the lawsuit is 'just the beginning' of holding corporations accountable.

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Published March 7, 2025 2:23pm EST








The Trump Organization is suing Capital One after the bank "unjustifiably"  than 300 of the company’s bank accounts and accounts belonging to numerous Trump family members in 2021.

Eric Trump told Fox News Digital he will hold major corporations accountable for the "egregious nature of canceling based on political bias."

The Trump Organization  against Capital One in the Circuit Court of the Eleventh Judicial Circuit for Miami-Dade County, Florida, Friday. The plaintiffs in the case are Eric Trump, the Donald J. Trump Revocable Trust, DJT Holdings, DJT Holdings Managing Member and DTTM Operations.



*Eric Trump told Fox News Digital he will hold major corporations accountable for the "egregious nature of canceling based on political bias." (Curtis Means -Pool/Getty Images)*



On March 8, 2021, Capital One notified Trump and the plaintiffs that hundreds of bank accounts that they controlled, were beneficiaries of and actively used would be closed June 7, 2021. According to the lawsuit, Capital One did not provide Trump and the plaintiffs any "recourse, remedy, or alternative — its decision was final."

The accounts affiliated with the Trump Organization held millions of dollars belonging to them and their affiliated entities.

Trump told Fox News Digital Friday that 300 business accounts were terminated, as well as various accounts belonging to numerous Trump family members.

The Trump Organization, according to the lawsuit, has "deposited, transacted, and leveraged hundreds of millions of dollars with Capital One to grow and scale these businesses." The lawsuit states that "Capital One has profited from Plaintiffs’ substantial deposits, impeccable creditworthiness, and the prestige associated with having a business relationship with President Trump."

According to the lawsuit, Capital One did not provide Trump and the plaintiffs any advance notice and "unilaterally terminated" the accounts.



*The entrance to Trump Tower Oct. 24, 2022, in New York City. (Leonardo Munoz/VIEWpress)*

"Capital One is supposed to represent Americans fairly," Eric Trump told Fox News Digital. "Canceling golf courses, canceling residential buildings, retail outfits that impact the livelihoods of tens of thousands of employees is egregious and damaging and wrong in the United States of America — especially after having a flawless relationship for more than a decade."



*Eric Trump told Fox News Digital the American people are "tired of the weaponization in corporate America." (Win McNamee/Getty Images)*

Trump told Fox News Digital the American people are "tired of the weaponization in corporate America."

"I can’t tell you how hard it is to change more than 300 bank accounts — and for no reason whatsoever," Trump said. "These were hotels and golf courses, residential buildings and commercial buildings, retail outlets and skating rinks and parking garages. There was no political affiliation. These were not political entities.

America is sick and tired of political lawfare," Trump added. "As a person and as a company, I won’t stand for major corporations that seek to inflict incredible harm and damage on people who might have opposing views.

"I will hold them and others accountable. This is just the beginning."

Sources have indicated that Chase, Bank of America and TD Bank also debanked Trump at the time and could face similar legal action in the days and weeks to come.

A Capital One spokesperson told Fox News Digital that: "Capital One has not and does not close customer accounts for political reasons."

Brooke Singman is a political correspondent and reporter for Fox News Digital, Fox News Channel and FOX Business.

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