Why Banks Reject Your US Business Address (It's USPS Data)

The clip's premise is that a bank looking at your address can also look at what USPS records say about it. Two of those records exist and are checkable: whether the address is registered as a Commercial Mail Receiving Agency, and whether delivery data classifies it as residential or commercial. Our free address checker reads both before you put the address on an application.

What the clip compresses is that banks do not read that data the same way. In the bank policies we have read, one large traditional bank names virtual addresses as not acceptable, some fintechs name CMRA status in their published rules, and others publish no address rule at all. The federal customer identification rule does not exclude any address category, so what happens next is the bank's own policy. We sell the address and publish what it is; the decision stays with the bank.