Hsbc Gambling
Posted : admin On 4/5/2022If you’re worried about how much you're spending on gambling, then there is lots of support out there to help you. Including banks.
What Tools Do Banks Provide Their Users?
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Can banks block gambling transactions? We run through the major UK high street banks and outline what services they provide to their at-risk customers.
Many banks are now working on plans to help customers restrict their spending on gambling, offering gambling blocking solutions, with some banks allowing customers to 'turn off' payments to certain types of retailer, including gambling services.
- Allows customers to voluntarily add or remove gambling restrictions on their debit cards or credit cards (including Pay by Bank app). HSBC also offers a 'Cool Off Period', this means that customers can opt to lift the gambling restriction, but transactions will still be declined until the 'Cool Off Period' has completed.
- There's also guidance on gambling restrictions, how to block or unblock your card and how to use Apple Pay, Google Pay and contactless with your HSBC cards. More help with everyday banking Reset your digital banking details.
- 2.1 HSBC, and members of the HSBC Group, are required, and may take any action they consider appropriate in their sole and absolute discretion, to meet Compliance Obligations in connection with the detection, investigation and prevention of Financial Crime ('Financial Crime Risk Management Activity').
- Abu Dhabi HSBC Championship recap notes. Hatton earned 48 Official World Golf Ranking points with the win. The field for the tournament was of modest strength and solid for a European season-opener.
What is the Gambling Block?
While each scheme operates in their own way, fundamentally they all work the same. The gambling block is a feature that allows you to block your bank account/bank card/credit card from being used for gambling transactions.
Which banks offer a Gambling Blocking Services?
Royal Bank of Scotland
Offers a card locking feature to customers which include a blocker specifically for gambling transactions.
Learn more about the Royal Bank of Scotland's services below.
Lloyds Bank
A feature within their banking app, which lets customers quickly freeze and unfreeze different types of transactions on their debit or credit cards. As well as offering their customers access to Gamban.
Learn more about Lloyds Bank's services below.
Halifax
Offers customers various useful tools and support such as; financial tracking, personal support and advice and access to Gamban licences to block online gambling.
Learn more about Halifax's services below.
Bank of Scotland
Offers a card freezing feature, which, include a blocker specifically for gambling transactions.
Learn more about the Bank of Scotland's services below.
mbna
Allows customers to keep track of their bills and spending by using their Online Card Services.
Learn more about mbna's services below.
Hsbc Online Gambling
HSBC
Allows customers to voluntarily add or remove gambling restrictions on their debit cards or credit cards (including Pay by Bank app). HSBC also offers a 'Cool Off Period', this means that customers can opt to lift the gambling restriction, but transactions will still be declined until the 'Cool Off Period' has completed.
Learn more about HSBC's services below.
Monzo
Allows customers to block gambling transactions on their Monzo account, straight from the app. To turn off the block, customers will need to talk to Monzo's customer support team. Where they'll ask questions to see if their situation has changed since first switching on the restrictions.
Learn more about Monzo's services below.
Starling Bank
Allows customers to block online payments, including gambling transactions, easily from their banking app.
Learn more about Starling Bank's services below.
Natwest
Offers customers a card locking feature, which includes a gambling transactions blocker, within the banking app.
Hsbc Bank Gambling
Learn more about Natwest's services below.
Barclays
Allows customers to block debit card payments to certain types of merchants, including gambling websites and apps, within their banking app.
Learn more about Barclays' services below.
Santander
Allows customers to block specific transaction types without freezing their Mastercard entirely (iOS devices only, coming soon for Android).
Learn more about Santander's services below.
Why are banks doing this?
People who have gambling problems and decide to stop can choose to self-exclude from gambling, use software to block online gambling sites and self-exclude physically from betting shops and casinos. While these are all helpful ways for people to get support, many banks believe they can do more to support self-exclusion too.