Depositing funds with Paddy Power

dub808

Can Paddy Power accept a funds deposit from a joint bank account into a single user Paddy Power account?

Gavin "shels"

Think so, my dads deposited money in PP from a joint bank account. Not trying to be smart, but why not try it?

scheister

"Can Paddy Power accept a funds deposit from a joint bank account into a single user Paddy Power account?"

Are you talking about a bank transfer or card transfer

If a card transfer your ok once the card is in the name of the paddy power account holder and matches the address thats on your paddy power account

dub808

My question is more whether paddy power can accept a card transfer from a joint bank account without both account holders authorisation, i.e do they need authority from both account holders?

kryogen

As long as the joint account doesnt require both people to sign off on it they shouldnt have a problem, i wouldnt advise using a joint account as a gambling fund however

scheister

If a card transfer your ok once the card is in the name of the paddy power account holder and matches the address thats on your paddy power account

so in the case of a joint bank account. once you put the card with your name on the paddy power account you are ok

dub808

scheister wrote: »

If a card transfer your ok once the card is in the name of the paddy power account holder and matches the address thats on your paddy power account

so in the case of a joint bank account. once you put the card with your name on the paddy power account you are ok

Is the onus not on PP to ensure that both account holders give authority for the transfer? As its a joint account, and if both account holders haven't granted authority, could the transfer be declared invalid?

scheister

that im not sure of id imagine that the ouns is on yourself rather then paddy powers. best thing to do is ring there customer service

turbobaby

Sounds like you want to deposit using a joint account and if you lose you can get your money back on a technicality. Best of luck!

dub808

turbobaby wrote: »

Sounds like you want to deposit using a joint account and if you lose you can get your money back on a technicality. Best of luck!

I'm actually trying to recover a pensioners savings whose husband lost them through paddy power. Individual had a history of gambling, and his wife thought she was safe with the joint account as they both had to sign to withdraw funds. Unfortunately looks like paddy power doesn't have the same basic controls. Appears to me that paddy power should not be able to withdraw the funds from a joint account without both signatories authority. If this was the case, their savings would still be intact. Looking for a bit of guidance before contacting paddy power, anybody any thoughts? Is there a regulator for the gambling industry that I can contact?

okidoki987

I can't figure out how PP would know the money was from a joint account?
Normally any of the named persons on an account would transfer the funds into another account.
The onus is on the Bank to make sure all the controls that are on the account are adhered to so if the account needs 2 sigs for a cheque, there must be 2 sigs.
A Bank transfer is a different matter as only 1 person would need to transfer the funds and going on recollection, the Bank then used to write to the second named person on the account asking them about the transfer and to make sure it was all above board.

PCPhoto

just curious ...in your scenario .... how did PP get the money - was it deposited by one of the two account holders .... then the responsibility is with either the account holder and/or the bank.

PP only accepted money which they were given.... the onus is not on them to verify its source, the onus is on the person depositing.

Also - over what period of time are we looking at ... a month, 6 months, 12months ?

cfingers

Paddypowers Terms and conditions state

40. “One account allowed per customer. Paddy Power reserves the right to notify and close down any duplicate accounts. Any such accounts that are located, Paddy Power reserve the right to cancel any transactions (bets, wagers) on the duplicate account. Paddy Power also reserves the right to suspend or close any account and cancel any associated transactions where the account holder and the owner of the funding instrument are not the same.

From my understanding what you said is that the person deposited using a debit/credit card from a dual account into paddypower. If both peoples names are on the card you might have a case but I am not sure. If there is only one persons name on the card , which is almost always the case, even for dual accounts, then there is no comeback as the person has the authority to use the accout on their own.

Jaysoose

cfingers wrote: »

Paddypowers Terms and conditions state

40. “One account allowed per customer. Paddy Power reserves the right to notify and close down any duplicate accounts. Any such accounts that are located, Paddy Power reserve the right to cancel any transactions (bets, wagers) on the duplicate account. Paddy Power also reserves the right to suspend or close any account and cancel any associated transactions where the account holder and the owner of the funding instrument are not the same.

From my understanding what you said is that the person deposited using a debit/credit card from a dual account into paddypower. If both peoples names are on the card you might have a case but I am not sure. If there is only one persons name on the card , which is almost always the case, even for dual accounts, then there is no comeback as the person has the authority to use the accout on their own.

Your misunderstanding the use of the term 'duplicate account' in this case, in paddypower speak this means a duplicate 'paddy power' account not a bank account.

okidoki987

Jaysoose is 100% correct there.
That is there to stop people having multiple bets on the same selections, Mind you nothing to stop people opening accounts using their mates.

Moffo

Sounds like it was a deposit from a Laser Account, in which case as long as the card details are correct, PP will accept.

If 2 cards were issued, to both joint account holders, and they both agreed to the issuance of these cards.... what can you expect the bank to do ?

CiaranC

dub808 wrote: »

I'm actually trying to recover a pensioners savings whose husband lost them through paddy power. Individual had a history of gambling, and his wife thought she was safe with the joint account as they both had to sign to withdraw funds. Unfortunately looks like paddy power doesn't have the same basic controls. Appears to me that paddy power should not be able to withdraw the funds from a joint account without both signatories authority. If this was the case, their savings would still be intact. Looking for a bit of guidance before contacting paddy power, anybody any thoughts? Is there a regulator for the gambling industry that I can contact?

A bookie does not "withdraw" funds from anywhere, you pay them money and they allow you bets up to the value of that amount, exactly the same as paying for any other product or service. If the guy was able to pay into a gambling account then obviously joint signatures were not required to withdraw funds.