Best physical bank for gambling

Pages: [1]
Author Topic: Best physical bank for gambling  (Read 842 times)
Blackoutt777
Gaining experience
*

Karma: 0
Posts: 55


View Profile

Blackoutt777

Best physical bank for gambling
« on: April 08, 2020, 04:15:58 PM »

Which is, according to your experience, the best bank for gambling business (10K withdrawal per month)?
Logged
campeones
Becoming a Pro
***

Karma: 23
Posts: 222


View Profile

campeones

Re: Best physical bank for gambling
« Reply #1 on: April 08, 2020, 05:33:54 PM »

It depends on where you come from.
Logged
arbusers
Administrator
Totally Pro
*****

Karma: 406
Posts: 4099



View Profile WWW

arbusers

Re: Best physical bank for gambling
« Reply #2 on: April 08, 2020, 05:37:00 PM »

Is there any bank left being happy with gambling transactions. I really doubt.
Logged
sun_adit
Gaining experience
*

Karma: 0
Posts: 7


View Profile

sun_adit

Re: Best physical bank for gambling
« Reply #3 on: April 08, 2020, 07:55:14 PM »

Is there any bank left being happy with gambling transactions. I really doubt.

What would happen if the bank is not happy with it? I know it would affect mortgage, loan. Would they close your account or anything else?
Logged
gamblehappier
Becoming a Pro
***

Karma: 1
Posts: 276


Gambling is the key in order to survive.


View Profile

gamblehappier

Re: Best physical bank for gambling
« Reply #4 on: April 08, 2020, 09:35:53 PM »

Is there any bank left being happy with gambling transactions. I really doubt.

Arbusers can you explain it more.What will happen?I think they cannot close your account.
Logged

Believe to yourself is the secret to success.
Alfa1234
Totally Pro
*****

Karma: 45
Posts: 923


View Profile

Alfa1234

Re: Best physical bank for gambling
« Reply #5 on: April 08, 2020, 09:41:49 PM »

Is there any bank left being happy with gambling transactions. I really doubt.

Arbusers can you explain it more.What will happen?I think they cannot close your account.

They can 100% close your account if they don't like you.  And they don't have to give you the reason they did it, you will be left guessing what was the problem.  You will simply receive a letter one day stating your account will be closed in 30 days and if you could please transfer all funds.  It happens more often than you think.

I stronly recommend using services like N26, Leopay or any online bank.  You don't care if they close that account and can always open another one with another service.
Logged
Blackoutt777
Gaining experience
*

Karma: 0
Posts: 55


View Profile

Blackoutt777

Re: Best physical bank for gambling
« Reply #6 on: April 09, 2020, 09:11:50 AM »

It depends on where you come from.

I would move if there is any in the world that would accept me as a customer (Italy).
Logged
Blackoutt777
Gaining experience
*

Karma: 0
Posts: 55


View Profile

Blackoutt777

Re: Best physical bank for gambling
« Reply #7 on: April 09, 2020, 09:15:39 AM »

Is there any bank left being happy with gambling transactions. I really doubt.

Arbusers can you explain it more.What will happen?I think they cannot close your account.

They can 100% close your account if they don't like you.  And they don't have to give you the reason they did it, you will be left guessing what was the problem.  You will simply receive a letter one day stating your account will be closed in 30 days and if you could please transfer all funds.  It happens more often than you think.

I stronly recommend using services like N26, Leopay or any online bank.  You don't care if they close that account and can always open another one with another service.

Would N26 be okay with a 10K transaction per month?
I am a bit scared about these online banks. Anyway, once these two close my accounts I will have none left  :-\
« Last Edit: April 09, 2020, 09:32:38 AM by Blackoutt777 » Logged
arbusers
Administrator
Totally Pro
*****

Karma: 406
Posts: 4099



View Profile WWW

arbusers

Re: Best physical bank for gambling
« Reply #8 on: April 09, 2020, 11:32:47 AM »

For those who asked, yes, we have seen bank accounts getting closed due to betting activity. Some banks will not notify you about the reason, they will simply refer you to some clauses and asterisks.
Logged
arctrading
Has experience
**

Karma: 9
Posts: 137


View Profile

arctrading

Re: Best physical bank for gambling
« Reply #9 on: April 11, 2020, 10:13:33 AM »

Is there any bank left being happy with gambling transactions. I really doubt.

Why not? i mean surely it depends on certain country but gambling money is as good as money made from freelancing or other "internet" related activities. So far i have no problem with my own physical banks and as far as i have talked with some friends(employees) from those banks they really dont care as long as you can prove the source of funds. Which means if your transaction is higher than 15k(one time) they may ask the reason of this transaction and you just send them betslips or account statement). Everything under 15k if your avg bank account turnover is 5-10k, no questions asked... At least in my country, they just have to comply with regulations and thats all.
Logged
Camma23
Gaining experience
*

Karma: 0
Posts: 60


View Profile

Camma23

Re: Best physical bank for gambling
« Reply #10 on: April 11, 2020, 10:20:52 AM »

hi man, which country are you from? and could you explain better this "Everything under 15k if your avg bank account turnover is 5-10k"? what you mean for average turnover?
Logged
arctrading
Has experience
**

Karma: 9
Posts: 137


View Profile

arctrading

Re: Best physical bank for gambling
« Reply #11 on: April 12, 2020, 04:50:10 PM »

hi man, which country are you from? and could you explain better this "Everything under 15k if your avg bank account turnover is 5-10k"? what you mean for average turnover?


I used to work for a bank so i have still connections there. i would not name the bank names here but their monitoring for transactions works basically like this: AML System scans automatically all the customers accounts; if it sees something unusual, like a big payment to this account then it notifies the analysts who will analyse it and then if they spot something, will be forwarded to end analysts who will make a report which either ends with some action from bank side or it will be a closed case. Basically it means that all bank here have a number which is 15k, every transaction over that must have proof/reasoning behind it. Basically gets notified AML system asap.  By average turnover i mean if you get 2k per month on average to your bank account lets say last 2 months in a row and then suddenly, on your third month, you get 5k payment, then AML system gets notified and analyst will look into it. If he/she sees that its ok(lets say payment made from employer account) then everything is ok. But if payment made by other person account or from some bookmaker site which you have not made any payments recently then they will forward it to "end analysts" who will either ask for supportive documentation(betslip, account statement) or see its all ok. This is the procedure employed by many banks and thats why smurfing still works altough on higher level than its used to. But if you get on avg 10k worth of payments from few sources every month then i see no issue why bank should close account unless gambling is illegal/grey area in this country.
Logged
Pages: [1]
Print