Grasping, thieving bookmakers. They never miss a trick do they? Inactive account fees

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  • Border Gadgie
    SBR Sharp
    • 08-18-08
    • 477

    #1
    Grasping, thieving bookmakers. They never miss a trick do they? Inactive account fees
    Grasping, thieving UK bookmakers. They never miss a trick do they? Inactive account fees, which seem to be the norm for most now, is just another sly way of removing funds from 'dormant' accounts to increase profits. Surely this is morally wrong and borderline legal.

    I couldnt give a flying fook that its in their terms and conditions, whats more startling is that we all just put up with this shit and let them get away with it, not sure of other industries which are allowed to remove funds from accounts until it is zero-ed.

    Even Betfair are at it now, although I notice they cant remove funds from dormant Aussie or NZ accounts (not sure the reason behind that). Could it be they wont put up with this crap?

    Not had any issues personally, but my daughter told me today her Betfair account has steadily had funds removed over the last four months, she only had around 20 quid in there anyway, but working away she has not taken any interest in sports betting for over a year. After checking her emails today Betfair have told her each month, what the figure was reducing to, while still offering her free bets. She is miffed, not because of the small amount of money involved but that it seems perfectly acceptable for them to do that

    Since when was Betfair exchange money theirs to do what they want with?

    The main point to my rant is, that if something happens to you, through death or illness and your trusted family/friends cant access your account then all your money will eventually go to these greedy twats. Make sure you have a back up plan in case the unexpected should happen.
  • Hareeba!
    BARRELED IN @ SBR!
    • 07-01-06
    • 37117

    #2
    Couldn't agree more.
    Subject has been raised in this forum a few times.
    It is nothing more than legalized theft and any decent authority wouldn't allow it to happen.
    Comment
    • Optional
      Administrator
      • 06-10-10
      • 61192

      #3
      Very hard to see a fair justification for it.
      .
      Comment
      • unluckysob
        SBR MVP
        • 05-21-08
        • 1527

        #4
        How long before account is considered inactive?
        Comment
        • Optional
          Administrator
          • 06-10-10
          • 61192

          #5
          Originally posted by unluckysob
          How long before account is considered inactive?
          Depends on the book. At Bet365 it's 12 months after which they take a few percent each month until the account is empty or the owner comes back to claim what remains.


          I'd say most are 1 year but I have seen one dodgy little euro whitelabel crap book try to enforce a 6 month rule with instant loss of all funds.
          .
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #6
            just make a $1 bet here and there

            your own fault
            Comment
            • compaqDikk
              SBR Hall of Famer
              • 10-08-05
              • 5699

              #7
              Originally posted by jjgold
              just make a $1 bet here and there

              your own fault
              JJGold sexally INACTIVE for the 31st New years eve in a row
              Comment
              • relaaxx
                SBR MVP
                • 06-15-06
                • 3281

                #8
                they are thieves. money should be held in escrow with the book keeping the interest until the owner comes looking for his money. 1 year puts the money in escrow - books should send an email and a snail mail to the owner before the money is put in escrow. every year another email and regular mail letter is sent, maybe after 5 or 10 years and some effort by the book to contact the owner of the funds and still no one claims the funds they get to keep it.
                Comment
                • Border Gadgie
                  SBR Sharp
                  • 08-18-08
                  • 477

                  #9
                  Originally posted by jjgold
                  just make a $1 bet here and there

                  your own fault
                  What part of this do you not understand? We know you only have to make a bet here and there, or even just login, so we dont need any patronising replies.The issue is if for some reason you cannot access your acccount, why should money be taken from it.
                  Comment
                  • scottgodson1985
                    SBR Sharp
                    • 11-17-12
                    • 347

                    #10
                    jj gold = beyond stupid
                    Comment
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