Have any one had experiences with banned bank/providers because of gambling? - page 2.

aioc

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Quote from: Agbamoni on December 19, 2023, 04:58:34 AM

I find this very frustrating when i see people complain about their funding bank/provider account being banned because of gambling related activities. My younger just called me and told me his raven account was banned and he has been using it to deposit dollars in his gambling platform and also paying for subscriptions online. I want to get this clear.

Is it because of the gambling activities that got his account banned or it is because of the legitimacy of the funds that raven are more concerned about?

Is there any gambling platform that needs to be avoided?

Since i woke up we've been trying to contact their support for complaint and no response yet. Is there anyone with similar experience?

I checked the whole discussion to see if you updated this thread for any response coming from your younger brother's bank provider and you have not updated us, the only valid answer should come from the bank provider because they are the ones that flagged your younger brother account, there's a violation of their terms that is why the account was banned, and it's a different scenario for every account, I have not experienced this in my bank provider because I have read their terms and they do accept transaction from casinos that are regulated, so its better to get an update and post it here or read the terms and see if your younger brother missed something that got his account banned.

Darker45

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I haven't had a similar experience, but I know of a number of friends who have this kind of experience. And it's not either the gambling activities or the legitimacy of funds; it's actually both. Financial institutions are cautious when dealing with gambling funds. Gambling funds are more or less perceived as illegitimate. Gambling, after all, is not really acceptable as a fund source. That's why there are financial platforms which don't allow deposits coming from gambling platforms. It's best to read the terms and conditions first.

JariKriting

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solution you can use crypto currency to gamble. when entering the bank the money that enters is money from the crypto exchanger so not money from gambling. so your bank account is safe.
That is also if in your country the rules are very strict.
because usually what is baned is the account of the bookie, not the gambler.

Juse14

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Based on personal experience, I have never had direct contact with a bank or financial service provider that explicitly prohibits gambling activities. However, certain financial institutions may have established policies that restrict gambling-related transactions. This is primarily done to thwart unlawful practices or protect customers from potential financial harm. So it is possible that certain banks or financial service providers may choose to implement policies that limit or inhibit gambling-related transactions. To achieve this, they may employ the use of advanced algorithms or technology to monitor and intercept payments associated with online gambling platforms or any other activity related to gambling.

Regarding gambling, I would rather recommend that we not act rashly by always reviewing the policy of the particular bank or financial service provider regarding it first.

dothebeats

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I have that happen to me before but it was not a bank, but a local exchange. To sum things up, I deposited some money from my gambling account to this exchange. They asked me for a lot of evidence on whether or not I have the capability to deposit such sum, and even though I showed them the winning slip and the transaction ID from that gambling provider, they still proceeded in banning my account that still has some couple hundred dollars sitting on it.

Some banks or exchanges are very sensitive when it comes to receiving transactions that originated from gambling platforms. I don't know what's the deal with it, but more often than not it's just their AML policies kicking in and you have to be compliant in order to clear you of any suspicions they may have on you and continue working with that bank/exchange.

livingfree

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I've got friends that have multiple times closed their bank accounts due to gambling activities. Always check the TOS of the bank if you're going to open an account.

Most of them are infavor of having funding our betting accounts so before you do so directing your money from casino to your bank account. Don't do it straightly.

Use another platform where your money is going to go through before directly depositing or withdrawing from a casino.

Webetcoins

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I'm personally not a fan of fiat-based online gambling platforms for various reasons, and I would prefer cryptocurrency gambling platforms instead, mostly because of the ease of making deposits and withdrawals without any problems. However, I think it should depend on whether gambling is legal or illegal within the region the person is living in whose account has been banned because if gambling is legal, both gambling platform and bank or service provider should have no issues.

However, if gambling is banned and there are rules or regulations by the government against it, the bank has all the right to take action if they find people making gambling transactions using their bank accounts. Sometimes, gambling might be legal but some financial service providers might not allow using their accounts for it, reading their terms of service might help know the reason.

kamvreto

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Quote from: Quidat on December 21, 2023, 05:28:38 PM

Quote from: maydna on December 21, 2023, 05:23:55 PM

I have never had an experience like that, but perhaps there is activity that the bank suspects, so they block your brother's account. Perhaps the bank doesn't allow its users to deposit money on the gambling platform, so the bank blocks your brother's account. There are many things that banks can do with someone's account. You should continue to ask the bank or your brother as the account owner to find out what happened.

If gambling is prohibited in your country, it goes without saying that one should not deposit money into gambling platforms. The bank will block them if they use their bank account to deposit money on the gambling platform. How is this case progressing? What happened to your brother's account?

There's nothing we can do if banks would be freezing up our accounts and this is the cons when using up centralized platforms on which it would really be giving out that kind of possibilities on getting locked up once you have missed or violate something. I can say that it is normal since they are highly been regulated by the government on which means that they would really be that having that monitoring in terms of those money laundering kind of possible transactions on which they would really be that handling out those possible trnsactions and would clarify it out as the owner of the account.
If they have blocked it then you dont have any options but to go and asked out on how to unblock but for sure be prepared into those questions and requirements which it might be asked out.

The questions asked will definitely focus more on the gambling platform used and why you have to make a deposit to the prohibited platform. After all, if it is prohibited, why use a bank account, because now there are still many options you can choose to deposit money on gambling platforms. There are many E Wallets that can be used or can use the services of other people to avoid these violations which result in our own bank account being blocked.

MainIbem

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What you should know is that every gambling or casino site has their rules and regulations, have you also checked if they banned the country of your residence most at time some casino or gambling site do include countries they don't operate on and when emake account they will allow you to do that but after which you finished making the account and deposit they won't allow you to make withdraw rather they will freeze the accounts.

Quidat

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Quote from: maydna on December 21, 2023, 05:23:55 PM

I have never had an experience like that, but perhaps there is activity that the bank suspects, so they block your brother's account. Perhaps the bank doesn't allow its users to deposit money on the gambling platform, so the bank blocks your brother's account. There are many things that banks can do with someone's account. You should continue to ask the bank or your brother as the account owner to find out what happened.

If gambling is prohibited in your country, it goes without saying that one should not deposit money into gambling platforms. The bank will block them if they use their bank account to deposit money on the gambling platform. How is this case progressing? What happened to your brother's account?

There's nothing we can do if banks would be freezing up our accounts and this is the cons when using up centralized platforms on which it would really be giving out that kind of possibilities on getting locked up once you have missed or violate something. I can say that it is normal since they are highly been regulated by the government on which means that they would really be that having that monitoring in terms of those money laundering kind of possible transactions on which they would really be that handling out those possible trnsactions and would clarify it out as the owner of the account.
If they have blocked it then you dont have any options but to go and asked out on how to unblock but for sure be prepared into those questions and requirements which it might be asked out.

maydna

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I have never had an experience like that, but perhaps there is activity that the bank suspects, so they block your brother's account. Perhaps the bank doesn't allow its users to deposit money on the gambling platform, so the bank blocks your brother's account. There are many things that banks can do with someone's account. You should continue to ask the bank or your brother as the account owner to find out what happened.

If gambling is prohibited in your country, it goes without saying that one should not deposit money into gambling platforms. The bank will block them if they use their bank account to deposit money on the gambling platform. How is this case progressing? What happened to your brother's account?

Ultegra134

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Quote from: Natalim on December 19, 2023, 07:30:49 AM

Not yet on bank but on local exchange, it was already banned that's why I'm already using now the binance p2p. As per TOS on our local exchange, funds coming from and going to gambling platform is prohibited, but I never mine it, I just continue using it until one day I was surprise my account was already banned.

sometimes, even if an online platform allows our transactions despite it's already against the TOS, that doesn't mean they'll allow it forever. So we should be aware of the risk and be ready to accept once our funds are frozen.

As far as I know, so-called licensed casinos (not cryptocurrency ones) are accepting deposits from all banks, with no exceptions. I think it's actually quite common for banks to prohibit anything related to cryptocurrencies. One or two banks here have banned any deposits or withdrawals towards Binance and a few other exchanges as well. It's frustrating because they're not actually banned by law, so I don't understand why they're prohibiting transactions and why they have authority to do that—their bank, their rules, I guess.

I once had my PayPal account limited due to receiving multiple transactions in a short period of time. They requested that I prove the legitimacy of the funds, so I'm guessing the OP's brother is a similar case.

Fatunad

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Quote from: Weawant on December 21, 2023, 04:51:53 PM

I have not had such experience with Banks or funding platforms before with reasons been that I founded my gambling wallet too often or anything of such, but then it's possible thing as this happens especially when these things run into some uncommon huge amounts without proper or solid unsuspecting sources.

Seme times it could be that your brother might have gone against the banking or funding platforms terms of usage or other variables, it aswell could be that he violated a rule that caused them to place sanctions on his account and that's why it's always very important and necessary you read all these terms and conditions on gambling platforms and other platforms before you get engaged with them enough to entrust good fund so as to avoid situations as this, when reading this terms I'd you notice any ambiguity, then you leave the platform or call the attention of someone else to help you understand what's stated there.

When it comes to these situations then im not really that too careless on doing something that violates out specially on banking transactions and this is why i do barely connect out with my bank accounts on crypto
related transactions to avoid some potential headache in the future. Banks would really be that normally be strict when it comes to those kind of transactions which might really that connect for possible money laundering.
We might not really be that doing such thing but it cant really be that ignored by these institutions and this is where those rules that had been set upon on which it is really just that normal that they would really be strictly be monitoring and if they have seen one of those who violate then it would be normal that there would be lock up.

Just like the rest been saying that once locked up then interrogation would happen on asking about that particular issue or violation. We dont know if these cases would really be
resolved out or not but pretty sure it would really not that simple situation that you would be needing to resolved.

Weawant

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I have not had such experience with Banks or funding platforms before with reasons been that I founded my gambling wallet too often or anything of such, but then it's possible thing as this happens especially when these things run into some uncommon huge amounts without proper or solid unsuspecting sources.

Seme times it could be that your brother might have gone against the banking or funding platforms terms of usage or other variables, it aswell could be that he violated a rule that caused them to place sanctions on his account and that's why it's always very important and necessary you read all these terms and conditions on gambling platforms and other platforms before you get engaged with them enough to entrust good fund so as to avoid situations as this, when reading this terms I'd you notice any ambiguity, then you leave the platform or call the attention of someone else to help you understand what's stated there.

BitcoinPanther

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Quote from: Ruttoshi on December 19, 2023, 07:41:05 AM

He must have gone against either the bank or casino ToS, and this is why one must be careful with everything that involved money online so that you don't get deprived of your funds on these centralized platform.

More possibly the bank ToS because it has nothing to do with the terms of casino since it was the bank that banned @OP's younger brother. I don't know any bank that banned an account due to gambling in my place. As far as I know, it was the use of cryptocurrency exchanges and depositing them directly to the bank that triggers the temporary ban. Certain requirements are done like KYC and video interview to be able to unfrozen the account.

Quote from: Ruttoshi on December 19, 2023, 07:41:05 AM

The only thing I know that they will tell him was that he has used his account for illegal/fraudulent activities because that is what will make them ban your account with every right. since you said that you have contacted the customer care of the casino, you should give them more time for them to respond to you. Tell your younger one to also go to his bank and lay the complain so that they will let him know why it happened like that.

Mostly the bank probably detected a fraudulent activity but the bank should give a notice why the account was banned. I think your younger brother @OP is not telling you the whole story.

stomachgrowls

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Quote from: Marvelman on December 21, 2023, 04:12:52 PM

Quote from: Agbamoni on December 19, 2023, 04:58:34 AM

Is there any gambling platform that needs to be avoided?

Banks and payment companies gotta watch out for fraud and make sure they follow all the rules and regulatory compliance. So when your bro was using Raven to fund that gambling site that wasn't licensed, it raised some red flags. Raven likely assumed he was doing something shady or illegal. they gotta cover their own butts, and your brother should've read the fine print and realized he couldn't use Raven like that.

Going forward, read the terms of service for payment apps really carefully. Make sure you know what you can and can't use them for before transferring money. And dont try to sneak things past the system because they're always watching for rule-breakers. Sorry you both learned this the hard way.

People would really be just that only be tending to read up those terms on the time that they would be experiencing these issues but they havent done it earlier but rather in the late case which this is typical.
Banks are highly centralized and regulated on which they would really be following on what the government been ruled out and for them to avoid up to involved into some mess then they would really be that
strict on imposing those rules and conditions on which it would be passed up into it customers or users. They would really be always that be close monitoring into those possible money laundering correlated kind of actions
on which on the time that they've seen something then it would really just that normal that they would be having those approach or actions to be made on.

This is why it would be always recommended that you should really know on the things that you've been doing. This is why on the time that you are tending to make use of a service or into those banks
then it would be always that wise that reading up those regulations will really be that necessary.Being aware and knowledgeable on things will always be having
that kind of advantage.

Marvelman

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Quote from: Agbamoni on December 19, 2023, 04:58:34 AM

Is there any gambling platform that needs to be avoided?

Banks and payment companies gotta watch out for fraud and make sure they follow all the rules and regulatory compliance. So when your bro was using Raven to fund that gambling site that wasn't licensed, it raised some red flags. Raven likely assumed he was doing something shady or illegal. they gotta cover their own butts, and your brother should've read the fine print and realized he couldn't use Raven like that.

Going forward, read the terms of service for payment apps really carefully. Make sure you know what you can and can't use them for before transferring money. And dont try to sneak things past the system because they're always watching for rule-breakers. Sorry you both learned this the hard way.

Potato Chips

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We can't say for sure what is the exact reason given how there could be many factors that could cause such decision. I'm not sure if it'll work but you could try pressing them about this. In addition, the questions they'll be asking (if any) could give a hint as well, for instance if they ask about a particular activity of your bro, you could look into that.

Personally, I've never experienced such. Luckily in our place, closing of accounts typically doesn't mean you money will be seized as users are given opportunity to get their money out. Nevertheless, it's still recommended to have a separate fiat account for activities that could be in a gray area for some custodial services like crypto, gambling etc. -- I suggest looking into neobanks Grin

dunfida

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Quote from: macson on December 21, 2023, 03:34:36 PM

Quote from: Agbamoni on December 19, 2023, 04:58:34 AM

I find this very frustrating when i see people complain about their funding bank/provider account being banned because of gambling related activities. My younger just called me and told me his raven account was banned and he has been using it to deposit dollars in his gambling platform and also paying for subscriptions online. I want to get this clear.

Is it because of the gambling activities that got his account banned or it is because of the legitimacy of the funds that raven are more concerned about?

Is there any gambling platform that needs to be avoided?

Since i woke up we've been trying to contact their support for complaint and no response yet. Is there anyone with similar experience?

Do you play on crypto casino sites? what country are you from, if your country legalizes gambling then you will be able to get your money but if your country legalizes gambling then it will be difficult for you to get the money, but why do you have to make a withdrawal directly to your bank account, you should use an exchange to safeguard your money. Several banks have joined the anti-gambling campaign because there are many rumors spreading that money laundering is quite common on gambling sites, so banks quite often freeze money from gamblers who make withdrawals, but if you want to try asking the bank, please do so, you have to bear the risk.

This is why it is really that always important that you should really be that wary about those terms and conditions on the time that you are opening some bank account. You cant really just that simply ignore out with those simpliest detail specially when you are signing up some contract or agreeing terms on which it would really be that relevant and important that you should really know on what are the things that you are signing in.
If you do see that into those terms that your local bank does prohibit out gambling funds or related on where it do originated then it would really be just that right that you shouldnt really be crediting it out with
those funds but on the time that you had just missed out on reading up these terms then its your fault not theirs.

For sure it would really be needing up some requirements if ever the bank would really be that locking up your account. You would be needing to comply and answer all of their questions
on which this would really be likely the case that would be asked out or would happen. This is where you would really be able to realize that you must
not skip out on reading at least on what are the things been stated with those pile or papers. lol

$crypto$

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It depends on your local bank regulations, whether deposits from banks to gambling platforms are allowed or not, because what I know is that banks are always sensitive when there are gambling activities so they can block your bank at any time if caught.

Many countries have made regulations about gambling where they prohibit people from making deposits through banks, so maybe that's what the OP is experiencing where he is hampered by regulations.

Topic: Have any one had experiences with banned bank/providers because of gambling? - page 2. (Read 577 times)