sending bank statement for verification

[Plaguedeath]

A bank statement is a reliable document to verify the identity of a user, and yes, you can provide a bank statement as long as the transactions on that statement are not significant enough to put your personal security at risk. Banks are obligated to keep our records confidential due to bank secrecy laws, so sharing it with a casino may pose some risks. However, as long as the transactions are not substantial enough to jeopardize your personal safety, it can be considered acceptable.

Yeah I think people aren't comfortable because they worried if something bad will happen due to their big holdings in banks. However from this case we can learn to create a new bank account on other banks, don't hold a lot money, use this bank account for gambling or other risky activities, so you will not worried in case the casino or centralized site ask your bank statements.

[maydna]

A bank statement is a reliable document to verify the identity of a user, and yes, you can provide a bank statement as long as the transactions on that statement are not significant enough to put your personal security at risk. Banks are obligated to keep our records confidential due to bank secrecy laws, so sharing it with a casino may pose some risks. However, as long as the transactions are not substantial enough to jeopardize your personal safety, it can be considered acceptable.

Yeah I think people aren't comfortable because they worried if something bad will happen due to their big holdings in banks. However from this case we can learn to create a new bank account on other banks, don't hold a lot money, use this bank account for gambling or other risky activities, so you will not worried in case the casino or centralized site ask your bank statements.

But still, the bank can suspect our new account, especially if we often transact by sending money to the casino site and will ask us to verify it. Maybe the bank will ask us to check whether we are responsible gamblers and really have good control of gambling.

And those who use a bank account for transactions should be careful with all the possibilities that can occur. And if they want to send a bank statement document, they must make sure the casino is really trusted in maintaining the confidentiality of the data of its members.

[ChiBitCTy]

I would absolutely NOT ever give my bank statement out to an online casino, that is absolutely asinine. You’re write up here is a bit confusing as well. I’m assuming you sent money via your bank? This is where bitcoin has become such a big thing for online casinos. I understand there’s still often know your customer rules and verification mandates, but never ever would I do so by using a bank statement.

[darewaller]

That's complicated.

If they happen to ask you for your bank statement for the purpose of KYC then that's quite a heavy verification that you need to do. It's up to you, are you totally fine providing your bank statement to that reputable casino that you've said?

They may now have an idea on which bank account you are with and they can contact them anytime in the future if something goes wrong. Are your funds being hostage on that casino? You have to choose.

I want to know if this only happens to OP? Because cases like this seems rare. Usually, when it comes to KYC an ID is already enough and some selfies or I don't know, maybe the OP have done some violations or maybe the amount involved is too huge? That is why his KYC is a bit different than the rest of us. He is doubting if he will share his bank details because he is here asking for a second opinion if he will do it or not.

Casino to have contact on our banks seems a good idea because if in case we became addicted, they can order that bank to stop our withdrawals if the purpose is for gambling but not all casino will do this because it can lessen their income.

[Sithara007]

I want to know if this only happens to OP? Because cases like this seems rare. Usually, when it comes to KYC an ID is already enough and some selfies or I don't know, maybe the OP have done some violations or maybe the amount involved is too huge? That is why his KYC is a bit different than the rest of us. He is doubting if he will share his bank details because he is here asking for a second opinion if he will do it or not.

Casino to have contact on our banks seems a good idea because if in case we became addicted, they can order that bank to stop our withdrawals if the purpose is for gambling but not all casino will do this because it can lessen their income.

Without knowing which online gambling site the OP is referring to, it is extremely difficult to reach a conclusion. In the past, I have registered in 4-5 online casinos and only one of them asked for KYC (I chose not to undergo the process). Anyway, if the site is asking for banking documents, then they should specify that in their T&C at the time of registering to the site. I haven't heard of any of these sites asking for documents other than IDs and residential proof, but it might have happened. BTW, I am getting curious. OP hasn't posted here after the initial post. Does anyone know what happened? Has this issue been resolved?

[AicecreaME]

I would absolutely NOT ever give my bank statement out to an online casino, that is absolutely asinine. You’re write up here is a bit confusing as well. I’m assuming you sent money via your bank? This is where bitcoin has become such a big thing for online casinos. I understand there’s still often know your customer rules and verification mandates, but never ever would I do so by using a bank statement.

I agree with this. You are entitled to your privacy. If they want to verify your account and wants to make sure you are really the owner of it, they can ask for KYC using identification cards, utility bills (for residential proof), and facial recognition to verify if you are really the one signing up for the account. However, sending a bank statement for verification is a little bit too much. This is a common protocol though if you want to open a bank account and to receive a debit/credit card, but it is unusual for a casino to ask since they don't need to see what's in your bank statement in the first place.

But oh well, if ever you find it sketchy, just don't push through with it. It's still better to be safe than sorry afterwards.