Betting Features on any Banking or Financial apps should be Removed

[AmoreJaz]

Which banks have this feature? I've only just heard about it. I agree that this is very dangerous. We know money is very important for our needs and banks are the safest place to store it. But if there is a betting feature in it, it means it is a very unsafe bank. I will leave this bank if I use it, it will take my money with the temptation of gambling features in it. does that country not forbid this feature in their country bank?

that feature is actually not common to banking apps. so i wonder why his local bank is offering such service? but if you find a banking app having this service, it is like they want their customers gamble their money and lose. we all know that in gambling, very few people can be lucky. most of the time, you will lose your game. this will also entice their users to gamble if you can just tap the betting feature so easy.

[dothebeats]

I think I know where OP is from. General financial and banking apps do have these features and to me, it should be removed and the apps fined a hefty amount. It's as if they are affiliated with these apps and are subtly advertising them. I know most people are not gambling degenerates and would really be ignoring these features, but to those who are already challenged when it comes to stopping their gambling habit, this is very dangerous.

At the end of the day, They are still business and maybe they knew that most of there customers send money on a casino that’s why they implement this feature for convenience of their player. I’m not agree too on attachment of gambling feature on a banking app due to the tendency of addiction but we have no choice than to accept their service or don’t use the app.

The only way this feature will be removed if there’s a petition from their customer to remove it. This is same issue on my country financial app but it stays there since no one complains directly to the company offering the service.

In countries wherein gambling is legal, this will not be removed. However you're right, a petition from a somewhat known body or organization can help get this thing removed from banking apps. It shouldn't exist there in the first place, and sometimes, it's the bank's own games that are embedded within that app. There should be a separate app for gambling purposes and that should be a law because it obviously tempts other people to waste their money while logged in on the apps.

[passwordnow]

AFAIK, most banks are mad with any connection to gambling and that's why if a depositor has been tracked that there's some money that comes into his account from a betting site, they're putting it as a red flag. I'm not sure if that's the majority of the banks but that's what I have seen. And with that banking app that @OP shared probably has a partnership with the betting app that will redirect you upon clicking that icon of betting. Well, if so then it's all about the money that that bank is for.

Yeah this law of placing accounts with gambling deposits on a red flag applies to countries where gambling is illegal and that is one of the major reasons why regulators always monitor the incoming transactions of their citizens to see who is violating the law,  and Another thing again to note is that,  banks as commercial entities will partner with whatever firm that could possibly generate steady patronage such as casinos and where the law allows it their get involve in it in full force.

It just goes against their main principle of helping people to save and to be more knowledgeable about finance. I mean yeah, we're gamblers and we advertise casinos but something like this shouldn't happen. They're the bank and should stay as is, and with the service they offer to the people. That's not the right platform to add as something that's permanent on their app. A background check for that bank must be made by its central bank if it's allowed or not.

[Wiwo]

It just goes against their main principle of helping people to save and to be more knowledgeable about finance. I mean yeah, we're gamblers and we advertise casinos but something like this shouldn't happen. They're the bank and should stay as is, and with the service they offer to the people. That's not the right platform to add as something that's permanent on their app. A background check for that bank must be made by its central bank if it's allowed or not.

After the discussion I checked my bank app to see that feature and try to use it,  but I find out that,  you can only found your betting account from the app and not being able to place a bet directly on those bank apps.

I think,  those bank are just serving as payment gateways for those casinos and that is still within the services of the bank so no one can really blame them for that.

[passwordnow]

It just goes against their main principle of helping people to save and to be more knowledgeable about finance. I mean yeah, we're gamblers and we advertise casinos but something like this shouldn't happen. They're the bank and should stay as is, and with the service they offer to the people. That's not the right platform to add as something that's permanent on their app. A background check for that bank must be made by its central bank if it's allowed or not.

After the discussion I checked my bank app to see that feature and try to use it,  but I find out that,  you can only found your betting account from the app and not being able to place a bet directly on those bank apps.

Well, that's too much if that banking app will allow you to place bets directly from them. They'll have to redirect their customers and users to the actual casino.

I think,  those bank are just serving as payment gateways for those casinos and that is still within the services of the bank so no one can really blame them for that.

They do but they shouldn't be there in the first place even if they're not allowing you to bet directly. But one thing is that, they're allowing you to deposit through them and likely partnered with that casino.

[maydna]

I think,  those bank are just serving as payment gateways for those casinos and that is still within the services of the bank so no one can really blame them for that.

They do but they shouldn't be there in the first place even if they're not allowing you to bet directly. But one thing is that, they're allowing you to deposit through them and likely partnered with that casino.

Banks should not add this betting feature to their banking applications because it will trigger curiosity in their customers, so they will try to deposit money in their accounts. Indeed, customers cannot blame what the bank did, but at least they can complain to the bank so that the bank can remove the betting feature from their application.

If there are customers who cannot control themselves from their curiosity, they will continue gambling because they already have the betting feature in their banking application. Indeed, this depends on the responsibilities of each customer.

[Johnyz]

Which banks have this feature? I've only just heard about it. I agree that this is very dangerous. We know money is very important for our needs and banks are the safest place to store it. But if there is a betting feature in it, it means it is a very unsafe bank. I will leave this bank if I use it, it will take my money with the temptation of gambling features in it. does that country not forbid this feature in their country bank?

Not the safest place but yeah its protected by the law, so having that kind of option will just increase the fraud transactions and your account might also be affected by the hacker. Most probably that bank allowed by the regulations to have that option, because if not then for sure Bank will follow the regulation at the highest option. There’s no bank like this in my country what we have is the financial app that have this kind of feature.

[LUCKMCFLY]

Which banks have this feature? I've only just heard about it. I agree that this is very dangerous. We know money is very important for our needs and banks are the safest place to store it. But if there is a betting feature in it, it means it is a very unsafe bank. I will leave this bank if I use it, it will take my money with the temptation of gambling features in it. does that country not forbid this feature in their country bank?

Not the safest place but yeah its protected by the law, so having that kind of option will just increase the fraud transactions and your account might also be affected by the hacker. Most probably that bank allowed by the regulations to have that option, because if not then for sure Bank will follow the regulation at the highest option. There’s no bank like this in my country what we have is the financial app that have this kind of feature.

Personally, for me this is new, what bank or what name has that function? From what I can imagine, they must be very reliable banks, they must be banks that must have a very good reputation, if here in my aps they release an app that can be played and make a direct connection to a casino, I think I wouldn't get involved, because they Usually do it to be able to see who are the ones who enter the bank, how much they spend, and obviously to later do a study and they can generate a good tax for them, I don't know if that's how it works in other countries, but where I am the banks are In agreement with the government, and as I have said in many hill s, the Government of my country is not trustworthy, they are the most corrupt in the world and I believe that they cannot do anything good for the people, so if the sheets are in line with them to be able to survive because it is something that I would not do again, it is something that is not on my radar , what I think is because these things are not about Making money and more so in a bank, the idea is not a bad one, I would like to see what banks they are, and if there is a way to make a Virtual Account , as long as it is from Europe, if it is from Portugal, much better because I know that there they don't bother About using cyrpto or something like that, then it would be the best thing to do. ideal, and I think that many people in Europe think the same as me.

For me , the less it takes the Hands of governments , the Better , because there is no way that Anything can be done outside of the best betting and casino sites, we could do other things, you can see that for some what is best done is That a casino is as anonymous as possible without Anyone entering and seeing its data , that is, I mean governments and banks.

So it may be that for many People who like it , it's safe to play there, but the Security of those things in the games is not Adequate , well , how can you Criticize? How do you know if the advantage you have is not superior to that of the other casino house?

[Jossque]

If we can't find a way to earn it passively, we unfortunately succumb to such gambling initiatives.I have fallen a lot in my time, but this is the first time I have seen such an initiative of a banking application.This may actually be due to the fact that people want to play more with their money and have more money circulation.Exactly this is strange and ridiculous for a banking application.There are already enough gambling sites for this and it seems more logical to play there.

[Wiwo]

Which banks have this feature? I've only just heard about it. I agree that this is very dangerous. We know money is very important for our needs and banks are the safest place to store it. But if there is a betting feature in it, it means it is a very unsafe bank. I will leave this bank if I use it, it will take my money with the temptation of gambling features in it. does that country not forbid this feature in their country bank?

that feature is actually not common to banking apps. so i wonder why his local bank is offering such service? but if you find a banking app having this service, it is like they want their customers gamble their money and lose. we all know that in gambling, very few people can be lucky. most of the time, you will lose your game. this will also entice their users to gamble if you can just tap the betting feature so easy.

Should we really be holding the bank responsible for customers possible behaviours towards offers their receive via their apps,  banks are service providers and are revenue oriented business so whatever that will generate higher income is what will attract the banks,  any ways gambling may be seen as a bad promotion from a financial institutions.

But the also business have it intakes and such is why those banks offer such services,  is quite a common practice with so many local banks getting involved in casino payment gateways service provisions.

[ethereumhunter]

If we can't find a way to earn it passively, we unfortunately succumb to such gambling initiatives.I have fallen a lot in my time, but this is the first time I have seen such an initiative of a banking application.This may actually be due to the fact that people want to play more with their money and have more money circulation.Exactly this is strange and ridiculous for a banking application.There are already enough gambling sites for this and it seems more logical to play there.

Banking applications with features like that will only make things difficult for people who don't have strong self-control because they will get curious and try the features. They can start depositing money directly from the application to gamble. And if this is not controlled, they can use all the money in their savings until nothing is left. For some reason, the banking sector seems to provide a way for people to get to know gambling more closely. With this application, people can directly deposit their money and gamble without anyone knowing.

[qwertyup23]

I noticed something lately. Although it has been there for a long while but the time I have spent on this board is making me see things. I do not know if this is how it is in other parts of the world but I noticed that in my banking app, there a betting feature where the user can place a bet on any match directly from the app.

My submission is that betting features on any banking or financial apps should be removed to discourage compulsive gambling and irresponsible gambling. Do you agree with this perspective?

I actually agree with your statement.

In the Philippines, we have a money application where our local currency is used as a digital currency in an online platform where you can pay various things online (e.g. bills, bank transfers, etc.). Lately, the mobile application included an in-app function of gambling on various game. I tried it and lost $2 in the process. Sure, I lost a small amount of money but the danger it brings to everyone that gambling can be accessible in money applications is just dangerous.

If they aim for convenience, then they could have made a new platform instead of integrating it within their banking application.

[GxSTxV]

I noticed something lately. Although it has been there for a long while but the time I have spent on this board is making me see things. I do not know if this is how it is in other parts of the world but I noticed that in my banking app, there a betting feature where the user can place a bet on any match directly from the app.

You remind me of Skrill the online virtual bank which was a good alternative for Paypal back in time and one thing I also noticed from using it is his promotions of Casinos and betting features once you login into your account or even their mobile application. I don’t say that’s not right for them to promote anything they want but at least taking responsibility of protecting users and customers of their bank. I had an issue with one of their casinos they were promoting on the upfront of my main Skrill account so I signed up and started playing with that casino (Leonbet), few weeks later I was surprised that the casino decided to freeze withdrawals for my region and I still had some balance with them. Unfortunately even with their promises that they will unlock it again it’s been years and everything is the same.
I would say that even if such bank applications and companies promote any kind of casino or gambling, everyone is responsible for his decision and shouldn’t be influenced by their partnership. Your money should kept safe in a better place than such banking apps.

[Negotiation]

Having betting features in any banking or financial app carries a lot of risk as gambling features are not safe in the banking sector and banks are better off saving for the future. Using banking applications you can easily access your banking account check balances transfer funds and overall you can access almost all the products and services offered by your banking institution. But in gambling the chances of being cheated are high the banking system is under the control of the central government and gambling is illegal, so these apps have no features. In the case of gambling banking applications are less heard they will scam the sites. Therefore, betting on regular games may require learning the betting rules and features carefully while casino sites are different for gambling.

[Wiwo]

Having betting features in any banking or financial app carries a lot of risk as gambling features are not safe in the banking sector and banks are better off saving for the future. Using banking applications you can easily access your banking account check balances transfer funds and overall you can access almost all the products and services offered by your banking institution. But in gambling the chances of being cheated are high the banking system is under the control of the central government and gambling is illegal, so these apps have no features. In the case of gambling banking applications are less heard they will scam the sites. Therefore, betting on regular games may require learning the betting rules and features carefully while casino sites are different for gambling.

You may be correct on the part of saving for the future as one of the main features of operating a bank account,  but then also banks make their money from other fees accrued to each transaction and knowing how frequently local gamblers credit their casino accounts the bank will be making a lot of money on daily basis coming from those numerous transactions.

And having those casinos listed on their mobile apps makes it easy for usage and also serves as a promotion for the casino,  so to me I believe that banks as commercial entity will definitely will continue to have those payment features for casinos as well as other bill payments.

[passwordnow]

They do but they shouldn't be there in the first place even if they're not allowing you to bet directly. But one thing is that, they're allowing you to deposit through them and likely partnered with that casino.

Banks should not add this betting feature to their banking applications because it will trigger curiosity in their customers, so they will try to deposit money in their accounts. Indeed, customers cannot blame what the bank did, but at least they can complain to the bank so that the bank can remove the betting feature from their application.

It is for sure that there will be customers of theirs that will be curious what that feature is all about. Despite of able to read the actuality of that feature, the curiosity of many will still be clicked. Since there is a customer support section for all of the banks, yes, a demand to remove that feature can be done.

If there are customers who cannot control themselves from their curiosity, they will continue gambling because they already have the betting feature in their banking application. Indeed, this depends on the responsibilities of each customer.

Well, they know what they're doing and they can blame the bank itself but this is just on their mind that's trying to find a fault in their banks. Because that will become a reason for them to continue to gamble since the app has got that feature whether it redirects them or allows to bet directly.

[Westinhome]

Banks should not add this betting feature to their banking applications because it will trigger curiosity in their customers, so they will try to deposit money in their accounts. Indeed, customers cannot blame what the bank did, but at least they can complain to the bank so that the bank can remove the betting feature from their application.

If there are customers who cannot control themselves from their curiosity, they will continue gambling because they already have the betting feature in their banking application. Indeed, this depends on the responsibilities of each customer.

If the gamblers doesn’t like the way of banking system which market the gambling because for the money.The best way to do correction will be report the same to the bank using the online support,if you are not ready to manage the terms in the bank.Not only the banking applications,most of the application in the internet will use the gambling and other spots bet for their advertisement.So the bank will remove that feature only to your account based on the request.If your friends also suffering the same problem,you can also help your friend by sharing to contact the banks for the solution and ask to manage the support  of the bank.

[harizen]

If there are customers who cannot control themselves from their curiosity, they will continue gambling because they already have the betting feature in their banking application. Indeed, this depends on the responsibilities of each customer.

Well, they know what they're doing and they can blame the bank itself but this is just on their mind that's trying to find a fault in their banks. Because that will become a reason for them to continue to gamble since the app has got that feature whether it redirects them or allows to bet directly.

It's bullsh*t to point out that this betting feature on the banking apps will give gamblers more eagerness to gamble.

Prior to this betting feature at some banking applications, just looked at how online gambling evolves and attracts more users as years progress and it will grow even more. There's no stopping it but only a total gambling ban globally which is far from reality. Even if these banking apps will remove that feature, will it really minimize gambling activity? It's a clear no.

The bank can put their desired feature on their app as long as it is allowed by the law. They won't adjust just to the problem of a growing number of gamblers. Why should they? People are the problem, not the bank feature, and not the "gambling" itself.

[Slow death]

well, my country doesn't have that, but I believe it doesn't have that for the following reason: gambling is regulated in my country, that is, the gambling company must have a license and headquarters if it wants to operate within my country and my banks parents would charge a lot of money if a company wanted to pay the bank for advertising, probably just for the company name to appear in the bank application, the bank would charge thousands of dollars, and many casinos and gambling sites would not spend that much money paying for advertising in some bank when they can pay for advertising on tv, on social networks and in soccer, basketball and other sports leagues in my country

Now talking about this case that the op posted, there is nothing wrong with gambling, in the same way that cars that can kill people when they drive badly, there is nothing wrong with it, the problem lies with people who have no sense, if The country's laws allow casinos to pay for advertising anywhere, including in banks, so there is nothing wrong with the bank's app having options to finance a gambling account, it is up to each person to have judgment, to know how to manage their own money, be aware that gambling is not something to make a profit, but rather is a form of fun.

In cities we see advertising for wines and beers. but wondered how many people are dying every day due to alcohol addiction? Have you ever wondered how many people are involved in car accidents because they consumed too much beer? We are talking about very large and frightening numbers, but wine and beer advertising does not stop in cities, on TV and in many corners. this is because it is up to each person to be responsible and know that they should drink in moderation, in the same way that each person must play in moderation.

[bittraffic]

Its no surpise anymore that payment apps in different countries are allowing users to send money to a casino and not get locked. Paypal used to make it a violation of their policy but if they allow BTC to be withdrawn, that policy is irrelevant anymore.

Banking apps is not so different to CBDC wallets, I would be looking forward to also see these financial apps having a link to crypto investments not just gambling.