Legal Battle Between Trump Organization and Capital One Over Account Closures

President Donald Trump was photographed with Eric Trump as they prepared to depart on Marine One from the South Lawn of the White House on April 10, 2026, in Washington. This image by Alex Brandon from AP represents the setting amidst ongoing legal issues faced by the Trump Organization.

Capital One bank has moved to have a lawsuit from the Trump Organization dismissed. The legal dispute, filed over the closure of hundreds of bank accounts in 2021, is rooted in Capital One’s claim that the shutdowns followed an extensive anti-money-laundering review. The Trump family businesses have alleged retaliation stemming from the January 6 Capitol riot.

Dismissal Motion from Capital One

Capital One’s attorneys filed a motion to dismiss the case in a Florida federal court. They argued the closures were due to anti-money laundering reasons, reflecting a detailed analysis conducted by their financial-crimes team. The bank emphasized that the team comprised experts with significant law enforcement experience. The filings point out that the Trump Organization was not given a chance to address these concerns prior to the closures.

The Trump Organization hasn’t responded to requests for comment on whether any subsequent banks raised similar concerns about money laundering.

Description of the Legal Dispute

The lawsuit is one among several filed by Trump-aligned entities against major banks following Trump’s return to political prominence. This particular case involves about 385 accounts associated with the Trump Organization, Eric Trump, and affiliates such as a winery, bottled-water company, and golf course developer. These entities had used Capital One’s services for over ten years until the accounts were shut down in mid-2021.

An amended complaint by Trump-affiliated companies argued the closures were politically motivated. They claimed Capital One decided to distance itself from Donald Trump after the Capitol riot. Capital One has denied these allegations. The bank’s lawyers argue the Trump Organization’s theory is based on selective quotations out of full context and stressed the anti-money-laundering rationale was genuine.

Capital One’s Contractual Rights

Capital One, in its filing, reiterated that it has the right to close any account at any time without notice, which the Trump companies acknowledge. Judge Roy Altman had dismissed an earlier version of the lawsuit on similar grounds, as bank contracts usually allow such discretion.

The bank is now asking the court to dismiss the new complaint permanently. It also contests a new allegation from the plaintiffs that Capital One committed fraud by not explaining its rationale. The bank’s attorneys countered that there was no obligation to share its reasoning, citing banking confidentiality laws.

Secrecy and Document Redactions

A parallel issue revolves around confidentiality and public access to specific court documents. Capital One filed a motion to keep certain parts of an exhibit sealed, citing the Bank Secrecy Act, which protects sensitive information like customer account numbers and employee details. While the Trump companies do not oppose sealing specific sensitive data, they challenge other redactions Capital One seeks.

This legal conflict mirrors another case against JPMorgan Chase, also concerning account closures during the same period. President Trump had previously signed an executive order targeting what he termed politically motivated financial rejections, or ‘debanking.’

Capital One has confronted Trump before, having been involved in a 2019 lawsuit where the current president attempted to block the bank from releasing his financial records to a congressional inquiry.