Canadian Banks refusing gambling winnings

lockinlove

Staring into the sun
PABaccred
Joined
Jan 17, 2014
Location
Canada
Just a heads up to all my Canadian friends, I was advised today from the head of the bank of nova scotia they will no longer accept gambling winnings. If a wire transfer arrives, they will refuse it. And if any ewallet is used, that too will be denied.

I just had 3 withdrawals denied and told find another way we no longer accept this in Canada.

Great
 

bjtaz44

Full Member
Joined
Dec 29, 2013
Location
Far north
I thought Scotia always had that policy, I know their visa debit or credit cards are restricted. CIBC is still working so far, hopefully they don't turn.

Just a heads up to all my Canadian friends, I was advised today from the head of the bank of nova scotia they will no longer accept gambling winnings. If a wire transfer arrives, they will refuse it. And if any ewallet is used, that too will be denied.

I just had 3 withdrawals denied and told find another way we no longer accept this in Canada.

Great
 

bjtaz44

Full Member
Joined
Dec 29, 2013
Location
Far north
Cheers.
TD myself here and havent heard anything.
I'm sure casinos can have a work around - after all you can receive pay from overseas so I'm sure they can alter the title of receiving end

Yes I wish they would have more discreet billing info than what some use, raises so many flags, but guess that would not be easy to change.
 

lockinlove

Staring into the sun
PABaccred
Joined
Jan 17, 2014
Location
Canada
Cheers.
TD myself here and havent heard anything.
I'm sure casinos can have a work around - after all you can receive pay from overseas so I'm sure they can alter the title of receiving end

Probably time to open another account then :D

This bank manager is very sketchy. She kept talking to me likes its a scam and how careful I need to be. And not to send them any money back lol

I told trada and slotsmillion to expect my money back since its refused they said they will figure out a way to get me money.
 

lockinlove

Staring into the sun
PABaccred
Joined
Jan 17, 2014
Location
Canada
I thought Scotia always had that policy, I know their visa debit or credit cards are restricted. CIBC is still working so far, hopefully they don't turn.

They told me there was a policy in place but it was discretionary. Basically if they feel like accepting it they can but also have the right to deny it. But they said the new policy they have adopted is that they will be instantly refused and there will no longer be any exceptions.
 

lockinlove

Staring into the sun
PABaccred
Joined
Jan 17, 2014
Location
Canada
REALLY strange. I just checked my bank account as I was waiting on a different payment from a Canadian site and saw that I was paid by slotsmillion. This is one of the ones she said she was declining.

But the Trada payment definitely has been sent back.

I can use this money since its in my account right? They cant go and take it back out?
 

hhhelllo

Not really here
PABnonaccred
MM
Joined
May 31, 2015
Location
canada
Scotia bank closed my account because I asked a question about wire transfers from oversea.

Bank of montreal, CIBC and TD won't bother... For now??

Scotia bank are so dumb that the legal site Espacejeux is not even tolerated. Complete retards if you ask me.
 

me_and_ed

Paleo Meister (means really, really old)
CAG
MM
Joined
Jun 2, 2006
Location
Vancouver
Same with RBC, no issues so far, I wonder with Scotia if it will apply to ECheck (citadel), have you tried that? I just made a large w/d from Nostalgia and CR wouldn't let me wire transfer, made me use ECheck (which was cheaper anyway)
 

loren

Experienced Member
Joined
Mar 4, 2008
Location
vancouver island
Kind of sad really

I was just looking into opening an account with playnow bc is that an omen?
It would be a steady diet of that Rhino game.

And yet I've been good to go with instadebit, still accepted at a host of sites,
though Guts took that away....so now BMO better be accepting wires....

barbara12 may have an answer with that ecopayz.
 

AintWon1967

Experienced Member
Joined
Oct 31, 2010
Location
Canada
I wonder if ScotiaBank is the Canadian bank that was fined 1.1 million for not reporting to Fintrac, or maybe just a knee jerk reaction to that ruling?

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Connie
 

lockinlove

Staring into the sun
PABaccred
Joined
Jan 17, 2014
Location
Canada
Same with RBC, no issues so far, I wonder with Scotia if it will apply to ECheck (citadel), have you tried that? I just made a large w/d from Nostalgia and CR wouldn't let me wire transfer, made me use ECheck (which was cheaper anyway)

I dont have that option on those sites. I do however have instant banking on sportsinteraction. It takes 24-48 hours after processed to arrive in my bank with zero complaints. I am also able to deposit with my scotia bank visa card with them but its a little different. You buy a voucher and its processed that way. Im going to assume its SIA casino smart way to get around things.

It looks like Scotia know about ewallets thought because they mentioned ecopayz to me today and a few others they wlll no longer be accepting. She also said CIBC will soon be following.
 

hhhelllo

Not really here
PABnonaccred
MM
Joined
May 31, 2015
Location
canada
Maybe the less complicated option here is to stop gambling online. It's already hard enough to win.... Now you have to fight with your bank to receive your winnings? No thanks. Depressing.
 

Harry_BKK

Dormant account
Joined
Dec 18, 2014
Location
Balcony
Not Canadian but maybe a small suggestion ref.: Ecopayz.

They allow you multiple accounts and for each you can apply for a MasterCard Debit Card. Using that you can withdraw up to 750EUR/day on each card, the max. is 250EUR/ withdrawal. It will cost you appr. 8EUR for each withdrawal but with, lets say, 4 cards you can withdraw 3,000EUR/day which is roughly 4,500CAD. :thumbsup:

You can make up to 8 withdrawals / card within 5 days and a max. of 3/day/card. That should cover most casino payouts you have, unless of course you are a high roller :D

The transfer to your bank is costing you as well 15-30CAD + currency exchange fees, maybe even more, hence the Ecopayz withdrawal fees won't be that much more but at least you can get to your money whenever you want and without any Canadian bank knowing about your winnings.

I have 3 cards and should i have a nice payout from a casino i just transfer between my accounts to cover for the cash withdrawals. Never had an issue. :)
 
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hedgehok

Meister Member
mm3
Joined
Jul 30, 2014
Location
Germany
Not Canadian but maybe a small suggestion ref.: Ecopayz.

They allow you multiple accounts and for each you can apply for a MasterCard Debit Card. Using that you can withdraw up to 750EUR/day on each card, the max. is 250EUR/ withdrawal. It will cost you appr. 8EUR for each withdrawal but with, lets say, 4 cards you can withdraw 3,000EUR/day which is roughly 4,500CAD. :thumbsup:

You can make up to 8 withdrawals / card within 5 days and a max. of 3/day/card. That should cover most casino payouts you have, unless of course you are a high roller :D

The transfer to your bank is costing you as well 15-30CAD + currency exchange fees, hence the Ecopayz withdrawal fees won't be that much more but at least you can get to your money whenever you want and without any Canadian bank knowing about your winnings.

I have 3 cards and should i have a nice payout from a casino i just transfer between my accounts to cover for the cash withdrawals. Never had an issue. :)

Good suggestion. Let me add that it might be cost-saving if you buy vouchers with the MasterCard to just purchase your ordinary stuff like food/cloth etc. or directly use your card in the supermarket. The obvious drawback is that the winnings will sit in an e-wallet until used which for some isn't the safest place when the gambling-cravings are spooking.
 

Steviedoo

Meister Member
MM
Joined
Oct 30, 2015
Location
South
Not Canadian but maybe a small suggestion ref.: Ecopayz.

They allow you multiple accounts and for each you can apply for a MasterCard Debit Card. Using that you can withdraw up to 750EUR/day on each card, the max. is 250EUR/ withdrawal. It will cost you appr. 8EUR for each withdrawal but with, lets say, 4 cards you can withdraw 3,000EUR/day which is roughly 4,500CAD. :thumbsup:

You can make up to 8 withdrawals / card within 5 days and a max. of 3/day/card. That should cover most casino payouts you have, unless of course you are a high roller :D

The transfer to your bank is costing you as well 15-30CAD + currency exchange fees, maybe even more, hence the Ecopayz withdrawal fees won't be that much more but at least you can get to your money whenever you want and without any Canadian bank knowing about your winnings.

I have 3 cards and should i have a nice payout from a casino i just transfer between my accounts to cover for the cash withdrawals. Never had an issue. :)

There would be an added cost for US dollar exchange, we're dealing in CDN dollars
 

Steviedoo

Meister Member
MM
Joined
Oct 30, 2015
Location
South
Maybe the less complicated option here is to stop gambling online. It's already hard enough to win.... Now you have to fight with your bank to receive your winnings? No thanks. Depressing.

Or you can play at the fortune lounge group or palace group where they will send you a check however there is that nasty 24 hour reversible period.
 
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