Australia’s gamblers will need to find other funding sources after a local bank became the latest to ban credit card transactions for gambling purposes.
Bank Australia, a Kew-based amalgamation of dozens of local credit unions, recently informed its customers that it would block “all gambling and gaming transactions” on its credit cards effective December 1.
Bank Australia previously included gambling in its list of sectors to which wouldn’t lend cash as part of its responsible gambling policies. The other forbidden sectors include tobacco, fossil fuels, weapon makers and live animal exports.
The bank claimed this shunning of “casinos, online gambling operators or businesses that derive revenue directly from poker machines or sports betting” was supported by 87% of its customers.