Lloyds Bank Stop Gambling Block
The block usually also includes any payments made through Apple Pay and Google Pay. The exceptions are the Lloyds Banking Group - Bank of Scotland, Halifax and Lloyds Bank - which let you choose. Inform the bank before making your trip so they won’t flag your purchases as unusual activity. This should help to make sure your money is available. If you’re currently overseas and have been locked out of using your debit card, call your bank.
- Lloyds Bank Stop Gambling Blocked
- Lloyds Bank Stop Gambling Block Software
- Lloyds Bank Stop Gambling Blocking
Three UK high street banks have followed in the footsteps of Barclays in introducing measures to allow customers the ability to restrict certain transactions. Lloyds, Santander and RBS will allow customers to block gambling operator payments.
Three further banks have introduced software to block certain transactions being made. © Pexels.
Barclays pioneered the move in blocking gambling transactions in December last year, allowing the customer to control and block particular payments via mobile applications. Three more UK high street banks, Lloyds, Santander, and RBS (Royal Bank of Scotland) have now followed suit. They have approved a proposal to develop payment-blocking functions that will affect transactions made in high street bookmakers as well as online betting sites.
Barclays was the first to make these changes when they announced a plan to integrate a ‘gambling block’ component across its customer-facing digital platforms. The main aim of this bold step is to protect clients, especially those who have any issues with compulsive gambling. The new changes are simply an upgrade to the mobile banking apps and will give customers control over when and where money can be spent.
RBS is one of the biggest banks in Europe with a customer base of about 30 million, Lloyds has approximately 22 million customers and Santander has a client base of about 14 million. Customers of these three banks join the 24 million Barclays customers who already have access to this facility.
The new gambling-block feature allows the customers to turn off engagements with any product related to gambling. Furthermore, the ability to block transactions is not just limited to gambling, with customers also able to prevent other transactions. These come under four subsections, which are petrol stations, premium websites and phone lines, food and drink purchases and supermarkets.
The customer will also have the ability to manage and limit withdrawals from cashpoints, in-store and online purchases, and credit card purchases.
A spokesman for Lloyds said that they have a plan to enhance customer engagement by improving their communications to regularly inform the users on their gambling expenditure over a specified period of time. He said:
Throughout 2019 we will be enhancing our customer communications so customers are informed and alerted to their gambling spend, as well as introducing tools to improve self-service options such as gambling restrictions.–Statement Lloyds Bank
The move by Barclays last year to empower customers has forced other banks to follow suit and has been widely welcomed by harm reduction agencies. It is likely to be rolled out by other key players in the financial markets.
Charity GambleAware is pleased that the high street banks are offering these facilities. He said that his organisation was fully behind the initiative and that the blocking functions will help the more than 340,000 compulsive gamblers in Britain. He believes a further 1.7 million are at the risk of falling to the same fate. He further added that such initiatives play an important role in reducing if not stopping gambling related effects and harm.
If you’re worried about how much you're spending on gambling, then there is lots of support out there to help you. Including banks.
Lloyds Bank Stop Gambling Blocked
What Tools Do Banks Provide Their Users?
Can banks block gambling transactions? We run through the major UK high street banks and outline what services they provide to their at-risk customers.
Many banks are now working on plans to help customers restrict their spending on gambling, offering gambling blocking solutions, with some banks allowing customers to 'turn off' payments to certain types of retailer, including gambling services.
What is the Gambling Block?
While each scheme operates in their own way, fundamentally they all work the same. The gambling block is a feature that allows you to block your bank account/bank card/credit card from being used for gambling transactions.
Which banks offer a Gambling Blocking Services?
Royal Bank of Scotland
Offers a card locking feature to customers which include a blocker specifically for gambling transactions.
Learn more about the Royal Bank of Scotland's services below.
Lloyds Bank Stop Gambling Block Software
Lloyds Bank
Lloyds Bank Stop Gambling Blocking
A feature within their banking app, which lets customers quickly freeze and unfreeze different types of transactions on their debit or credit cards. As well as offering their customers access to Gamban.
Learn more about Lloyds Bank's services below.
Halifax
Offers customers various useful tools and support such as; financial tracking, personal support and advice and access to Gamban licences to block online gambling.
Learn more about Halifax's services below.
Bank of Scotland
Offers a card freezing feature, which, include a blocker specifically for gambling transactions.
Learn more about the Bank of Scotland's services below.
mbna
Allows customers to keep track of their bills and spending by using their Online Card Services.
Learn more about mbna's services below.
HSBC
Allows customers to voluntarily add or remove gambling restrictions on their debit cards or credit cards (including Pay by Bank app). HSBC also offers a 'Cool Off Period', this means that customers can opt to lift the gambling restriction, but transactions will still be declined until the 'Cool Off Period' has completed.
Learn more about HSBC's services below.
Monzo
Allows customers to block gambling transactions on their Monzo account, straight from the app. To turn off the block, customers will need to talk to Monzo's customer support team. Where they'll ask questions to see if their situation has changed since first switching on the restrictions.
Learn more about Monzo's services below.
Starling Bank
Allows customers to block online payments, including gambling transactions, easily from their banking app.
Learn more about Starling Bank's services below.
Natwest
Offers customers a card locking feature, which includes a gambling transactions blocker, within the banking app.
Learn more about Natwest's services below.
Barclays
Allows customers to block debit card payments to certain types of merchants, including gambling websites and apps, within their banking app.
Learn more about Barclays' services below.
Santander
Allows customers to block specific transaction types without freezing their Mastercard entirely (iOS devices only, coming soon for Android).
Learn more about Santander's services below.
Why are banks doing this?
People who have gambling problems and decide to stop can choose to self-exclude from gambling, use software to block online gambling sites and self-exclude physically from betting shops and casinos. While these are all helpful ways for people to get support, many banks believe they can do more to support self-exclusion too.