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Banks urged to take more responsibility towards problem gamblers

Author
Newstalk ZB,
Publish Date
Tue, 9 Jul 2019, 2:17PM
Banks say they are looking into restrictions around credit cards and gambling. Photo/ Getty Images

Banks urged to take more responsibility towards problem gamblers

Author
Newstalk ZB,
Publish Date
Tue, 9 Jul 2019, 2:17PM

New Zealand is being called to keep up with the rest of the world in preventing people gambling on the banks.

ANZ Australia has introduced a block on online gambling once a customer is at 85 per cent of their card's credit limit.

FinCap's Tim Barnett told Heather du Plessis-Allan people don't acknowledge they have a problem gambling habit, until it's too late.

He says often the money runs out before people show up at a budgeting service for help.

"We can't rely on casinos and taverns to kick out problem gamblers, as many more people are doing it online and alone."

ON AIR: Overnight Talk

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