Bank Australia imposes ban on all its clients using their bank accounts for gambling purposes

Posted:: Oct 14, 2020 13:19 Category: Regulatory , Responsible Gaming , Posted by
Milos Pavlovic

Bank Australia hinders all betting and gaming exchanges on Visas 

Bank Australia remains by its choice since it accepts the move should assist clients with controlling betting related spending. Bank Australia stated: ‘Viable from 1 December 2020 we are hindering all betting and gaming exchanges on Visas.’  

A few clients were left baffled, addressing if the bank has an option to choose the utilization of cash, and inquired as to whether undesirable nourishments, such as McDonald’s, will be restricted.  

Bank Australia Hands Media Account To Alchemy One - B&TAs per the Courier Mail, CEO of the Australasian Association of Convenience Stores Jeff Rogut stated: ‘I don’t think the organizations that are offering the administration ought to choose where buyers are going through their cash.’  

Business Insider Australia revealed that the circumstance probably won’t be completely uneven. The clients can at present utilize charge cards to pay for betting exchanges.  

Bank Australia included: ‘We’ve drawn in with our partners and tried our situation through exploration with clients, the lion’s share of whom backing hindering betting exchanges on Visas.’  

Bank Australia isn’t the only one to limit betting related exchanges; the rundown incorporates Macquarie Bank, Suncorp, Bank of Queensland and CUA, while clients from Westpac and Commonwealth Bank allow customers to opt-in to a personal gambling ban. 

In Great Britain, the Gambling Commission prohibited the utilisation of charge cards to bet in the nation from April this year. 

About SiGMA Europe Virtual Expo:

SiGMA Group is excited to announce the launch of their November event, SiGMA Europe Virtual Expo. The online event, which runs from the 24th to 25th, will focus on the European gaming and tech marketplace.

For more information about how to sponsor this event please contact Hamza and to explore speaking opportunities get in touch with Jeremy. To register for the expo click here.

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