*The mother and daughter duo behind Beautiful Curly Me are speaking out against Wells Fargo after the bank unexpectedly closed and emptied their business accounts.
Zoe, the 12-year-old CEO of the company, shared on Instagram that they discovered the issue after noticing declined transactions, MadameNoire reports. Wells Fargo claimed the action was taken due to the company allegedly not having a valid address on file. Beautiful Curly Me empowers young girls of color through dolls, puzzles, and books.
“This was not the case yesterday, so my mom called Wells Fargo, and we found out that our account had been closed because we did not have a legitimate business address when we did have our physical office address on there,” Zoe explained.
“They closed our accounts, our balances were showing zero, and then said that they would give us our money in a check that would take two weeks to come. First of all, how would you take our money and not give it back for the next two weeks without any warning?”
Zoe criticized the bank for mistreating their small, Black-owned business, highlighting that they had maintained a positive relationship with Wells Fargo and even received a $5,000 grant from them the previous year.
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“Today is just so crazy to me, because this is just unacceptable for a small business, for anybody to go ahead and take our money,” the young entrepreneur added.
According to her mother and business partner, Evana Oli, a bank representative said, “She couldn’t do anything to remedy the situation.” She added, “This is wrong!”
Watch Evana’s message to supporters about the bank dilemma in the Instagram video below.
Zoe and her mother are offering a 20% discount with the code SUPPORT20 to encourage fans to purchase items from the Beautiful Curly Me website.
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