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If you have any concerns about spending money on gambling please read our basic Bankroll Management Tips.
COMMENT:
Fight back unfair bank charges
If you have any concerns about spending money on gambling please read our basic Bankroll Management Tips.
COMMENT:
Fight back unfair bank charges
HSBC has announced that it will charge its customers more for online gambling and phone betting transactions. Players using HSBC cards will pay interest at a cash advance rate between 21.9% and 27.8% instead of between 15.9% and 22.9% as is the current rate.
In the UK there is no sector-wide policy for charging for online gambling transactions. Although MBNA and NatWest also charge cash advance rate, Barclays and Lloyds still charge at their lower purchase interest rate.
HSBC denied that the move was motivated by increased risk of losing money on loans to customers who gamble.
