If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact [email protected]

Bank loans and gambling

  • 15-03-2023 12:18pm
    Registered Users Posts: 1 Curious 1

    I’m looking for advice on bank loans allowed to me while in active gambling addiction. It was very clear from my bank account that there was a gambling addiction but my bank never made any contact with me to address the issue ever. They also allowed me to top up my loans 16 times without any question of the high volume of gambling transactions on my account. Do they have a duty to support vulnerable customers in addiction?? I’m in recovery now following time in rehab but I feel that there are very few protections for people like me against spiralling out of control without any attempts by my bank to try mitigate the problem or discuss it with me.

    Post edited by Jim2007 on


  • Registered Users Posts: 3,237 ✭✭✭Ginger83

    Are you looking for a loan or looking for help with your debts?

  • Registered Users Posts: 1,161 ✭✭✭brokenbad

    Surprised that the gambling transactions on your bank statement are not "red flags" to the loan approver as part of due diligence during the application process.....sounds like negligence on their part.

    Generally for any bank or credit union loans - transactions of this type are frowned upon when they review your transaction history (usually 3-6 months of statements)

    In recent years, legislation was put in place to stop people using credit cards to fund online betting and lottery accounts.

  • Registered Users Posts: 1,297 ✭✭✭walterking

    Seems you had a reasonable repayment record, so no real reason to refuse the loans.

    The issue with betting withdrawals is usually with mortgages and people who are looking for the maximum loan.

  • Registered Users Posts: 20,108 ✭✭✭✭recode the site

    The bank is not responsible for analysing somebody’s gambling spend no more than the pub is for monitoring an alcoholic’s intake, so long as non-standout behaviour is maintained, in the bank’s case that would amount to satisfactorily repaying the loans. As it stands, you can spend what you like on anything legal, adults are treated as being personally responsible for their behaviours and spending, notwithstanding that addiction is personally a very difficult issue for those affected.

    Righteous Television Events is an ace broadcasting organisation; we’ll not be hearing counter opinion, d’jya hear me?

  • Advertisement
  • Registered Users Posts: 898 ✭✭✭flanna01

    I guess your own money is your own...?

    How you spend it is down to you.

    If you met all your previous loan payments on time, does that not suggest you were responsible at the time?

    However, I totally agree that there should be a safety net here somewhere... Gambling has become a huge addiction in this country.

    At least when you're drunk you fall down and stop drinking - No such breaks when gambling.

    I hope you get the help you need, and be rid of this scourge opon society.

  • Moderators, Business & Finance Moderators Posts: 9,428 Mod ✭✭✭✭Jim2007

    Pretty much this and furthermore I doubt that society would be accepting of the idea of having a bank employee, bookmaker or a barman deciding who is or is not an addict or whether they can spend their money the way they want to or not. If the third party was aware of the addiction and actively worked to benefit from it that would be a different thing.

  • Registered Users Posts: 13,889 ✭✭✭✭callaway92

    It sounds like you may be trying to gear something up here to take some frustration out on your bank. I wouldn't. It's not fair on them - Like an above poster said. You were taking out top-ups, and probably keeping up with payments, so why should the bank care what you were doing with the money? They would've just been happy payments were kept up; nothing else about it really.

  • Registered Users Posts: 6,008 ✭✭✭Trigger Happy

    You cant be holding the bank responsible for how you spent your money. Its good that you are in recovery now but part of that has to be owning your debts.

  • Registered Users Posts: 632 ✭✭✭squidgainz

    Post edited by Henry Ford III on

  • Advertisement
  • Registered Users Posts: 157 ✭✭thehairygrape

    Huge sympathy to you on this addiction. Hope you can find a way out of it.

    No, banks have no responsibility in this area. They are businesses, there to make profit, and have zero social responsibility. That mightn’t be right but it’s what it is.

    Again, hope it works out for you. Best of luck.

  • Moderators, Business & Finance Moderators Posts: 9,428 Mod ✭✭✭✭Jim2007

    Oh I have and in risk management and underwriting of mortgages.

  • Registered Users Posts: 632 ✭✭✭squidgainz

    And you dont think the gambling transactions affects someone's ability to get a mortgage? I have worked in underwriting and brokering . It does. It is not a myth. Maybe you were working at a higher level in these areas and not at a customer level but I can assure you that if there's repetitive/multiple of transactions going to a gambling account they wont give you a mortgage. Bank of Irelands website says as much.

    Post edited by squidgainz on

  • Registered Users Posts: 632 ✭✭✭squidgainz

    Well done to you on the recovery , keep at it. Unfortunately they don't have a duty of care in this regard. They could also claim you lied as the reasons to the top ups. Although banks allow very general reasons these days anyway such as "lifestyle".

  • Moderators, Category Moderators, Arts Moderators, Entertainment Moderators Posts: 20,601 CMod ✭✭✭✭amdublin

    Would you want your bank to contact you every time you use your debit card in an off licence to check if you are an alcoholic based on your spending?

    I am glad you are in recovery and wish you the best. I think you need to focus on yourself versus anyone else at the moment

  • Moderators, Business & Finance Moderators Posts: 9,428 Mod ✭✭✭✭Jim2007

    Well we'll just have to agree to disagree then, because that has not been my experience. On top of which we are not actually discussing mortgages.

  • Registered Users Posts: 13,687 ✭✭✭✭wonski

    Ulster Bank refused a mortgage due to relatively small debit card transaction to poker website.

    Had to wait 6 months to clear it and reapply (not my case by close friend who it happened too).

    The banks are less strict with regular loans normally, but for mortgage applications they normally don't want to see any "suspicious" transactions ;)

    Perhaps for accounts with large balances available at all times and excellent repayment records there are less restrictions that I don't know, but would definitely avoid if planning to apply for a mortgage.

    OP - well done and wish you good recovery progress!

  • Correct and right. Gambling transactions in themselves will not raise a red flag for any loan or mortgage application, however what will raise a red flag is regular gambling transactions..

  • Moderators, Business & Finance Moderators Posts: 17,488 Mod ✭✭✭✭Henry Ford III

    If a mortgage approval is marginal and regular online gambling might be the difference a lender will probably decline.

  • Registered Users Posts: 632 ✭✭✭squidgainz

  • Advertisement
  • Registered Users Posts: 632 ✭✭✭squidgainz

  • Registered Users Posts: 632 ✭✭✭squidgainz

    Just to warn people , this is wrong , If there is multiple/regular bets a month and the person still meets repayment capacity , they WILL not get a mortgage and WILL be singled out for special treatment

  • Registered Users Posts: 671 ✭✭✭Oscar Madison

    Why is it always someone elses fault for your failings?

    I grew up as a child with these issues in my family & I have little time

    or sympathy for those with these addictions! The effects gambling had

    on my family was immense! Grow a pair & deal with it!

  • Registered Users Posts: 39 TuamJ

    I was refused a credit card based on my Cheltenham bets being on my account. I was applying for a BoI card, I do not bank with them. I had to speak to a customer service agent who was so useless I thought I was in a comedy sketch tbh

    I had heard nothing for weeks so he asked me to hang on while he checked and then blurted out that it was the gambling debts in March. Should he have said that I wonder? Probably not! Same fella also insisted I must have a second account somewhere as my bank statements didn't show 'everyday use' Really? He says ''I don't see any social life here'' lol

    I re-applied once the bets were off my last 3 months statements and got it!

    Now my own bank is much more generous with offering loans, credit cards etc Once I am getting paid into the account and making all my repayments on time they'll give me a 10k loan on the app in minutes. They'll give topups no issue. They'll up the cc limit with the click of a button.

    The bookies themselves are def getting more strict. I had to give Paddy a payslip and utility bill to place my bets online this week. 'Source of funds' they called it so if I had statements showing more out than in and a big loan payments I'd assume they would not have let me bet. That I don't have an issue with - seems wise. But getting calls from AIB asking me if I'm sure I want to place a bet is a level of interference in my life that I am not okay with. Seems like major overreach to protect the 1% with a problem who would likely holler bloody murder if they got such a call in the depths of their addiction anyway.

  • Moderators, Business & Finance Moderators Posts: 9,428 Mod ✭✭✭✭Jim2007

    At this point the OP has not returned and as the treat is heading off topic, I'm closing it.

This discussion has been closed.