How sportsbetting apps may shut down your bank accounts

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03-11-2025, 10:08 PM
theywontpayontuesday

How sportsbetting apps may shut down your bank accounts

I don't pretend to be a sportsbettor much, but I have been using the casino's app to get rewards and have been on a run. I noticed most of my recent banking activities are payouts from the sportsbook apps and deposits. So I've probably ran lucky 1,500 since 2/28/25 and I was thinking to stop having them put my deposits directly into my bank account and use paypal. I don't care much about PayPal, but they'll probably shut you down after some threshold is reached. Is that money laundering, I don't have a dictionary.
03-12-2025, 11:30 AM
Don Perignom

Quote:

Originally Posted by theywontpayontuesday

I noticed most of my recent banking activities are payouts from the sportsbook apps and deposits. So I've probably ran lucky 1,500 since 2/28/25 and I was thinking to stop having them put my deposits directly into my bank account and use paypal.

I may be out of the loop, but US-legal transactions should not trigger any hostility afaik. Recently I've only used the major banks, so I don't have personal experience with regionals or locals.

Offshore transactions could be a problem. For those situations, I use crypto almost always.
03-12-2025, 02:14 PM
theywontpayontuesday

Quote:

Originally Posted by Don Perignom

Quote:

Originally Posted by theywontpayontuesday

I noticed most of my recent banking activities are payouts from the sportsbook apps and deposits. So I've probably ran lucky 1,500 since 2/28/25 and I was thinking to stop having them put my deposits directly into my bank account and use paypal.

I may be out of the loop, but US-legal transactions should not trigger any hostility afaik. Recently I've only used the major banks, so I don't have personal experience with regionals or locals.

Offshore transactions could be a problem. For those situations, I use crypto almost always.

I thought banks like to shut down accounts do to gambling activities.
03-12-2025, 03:17 PM
Don Perignom

Quote:

Originally Posted by theywontpayontuesday

I thought banks like to shut down accounts do to gambling activities.

Banks like to shut down illegal activities. Gambling is now legit, domestically.

Possibly a few dumb, overzealous banks are still in the mix, but searching around I didn't find much of anything.