UPDATE: Forcht Bank in Kentucky Denies Allegations on Restricting Customers From Buying Firearms – “This is Not True”

A new report out of Kentucky claims that Forcht Bank is prohibiting its customers from using debit cards to buy firearms.

The customer reportedly closed his account after the incident, according to a post published by the gun shop owner in a private group on Facebook.

“TRANSACTION DECLINED: CHARGE DECLINED. RESTRICTED CARD. CUSTOMER BANK DOES NOT ALLOW THIS CARD TO BE USED AT THIS TYPE OF MERCHANT,” the error message reads.

Forcht Bank responded to Gateway Pundit’s post, denying the allegations and claiming the photos were edited.

“Yes, we are aware that there is a false image floating around social media insinuating Forcht Bank is blocking transactions at firearm retailers. This is not true,” according to Forcht Bank statement.

“We are not and have not ever restricted or blocked purchases of firearms or ammo. Unfortunately, we cannot determine who “photoshopped” the original image and posted on the web. However, we are doing our best to correct each page, account, and individual resharing this information. And just to note, we have a business banking client that is one of the top 10 largest online firearm retailers in the US. And we have a great relationship with them and they are also aware of the false information being passed around about our bank.”

A member of the management told The Gateway Pundit, “We are not and have not ever blocked a purchase of a firearm or ammo, assuming the customer had the funds and was not overdrawing. In the past 36 hours, we have received an onslaught of threatening and rude messages from uninformed individuals.”

However, according to the shop owner, the photos were not edited, and he took them himself. He will provide TGP with more information in the coming days.


It can be recalled the International Organization for Standardization –the organization in charge of setting standards for business transactions — voted to create a “merchant category code” for gun purchases.

This will allow banks that process payment from gun retailers to assign the new code to the gun stores.

The decision comes after the mayor of New York City, Eric Adams, along with other elected officials and state pension fund trustees, have requested that major credit card companies implement a weapon code for the purchase of firearms and ammunition.

Officials in New York City and the state of New York have asked American Express, MasterCard, and Visa to make a four-digit merchant category code (MCC) like the ones used for other retail categories to better identify and report suspicious behavior, such as large purchases of firearms.

“The creation of a new code would help financial institutions detect and report suspicious activity, such as unusually large purchases of firearms or ammunition, or purchases from multiple stores, that may be used for criminal purposes,” it claimed.

According to the news release, “credit card companies use a four-digit merchant category code to classify businesses by the types of goods and services sold. Merchant category codes are set by the International Organization on Standardization (ISO). Unique merchant category codes exist for grocery stores, sporting goods stores, bicycle shops, and many other retailers — but not for gun and ammunition stores.”

More from Pay Junction:

An MCC code is a Merchant Category Code. It is used to map business industries (like computer repair, dental, and insurance agencies) to a four-digit code (like 7379, 8021, and 6300 respectively). Occasionally, a customer’s issuing credit card bank will block transactions if the credit card is used at an establishment they deem inappropriate for the type of credit card. As a possible example, HSA medical cards tend to be restricted cards, and would likely receive an invalid service code (62) if used at a movie theater.

As another example, occasionally there is no MCC code that adequately describes a merchant’s business type, in which case your merchant account is assigned a generic MCC code of 7299. Some issuers will block customer transactions for businesses with a generic 7299 MCC code.

If you receive an invalid service code (62), you may want to check that your MCC code on file for your merchant account is accurate for your business industry.

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Jim Hᴏft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016.

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