22 November 2022

Lloyds introduces gambling limits

Written By FinTech Alliance

Lloyds introduces gambling limits

Lloyds Bank is trialing a new feature that will enable gambling limits. 

In Brief: 

Lloyds Bank is trialing a feature that lets customers set limits on their debit card. 

They can decide how much they want to be able to spend each month on gambling. 

This will be available for debit cards and done via the Lloyds banking app. 

What does this mean? 

The move illustrates how Lloyds is trying to offer a more personalised service to its customers to help them control their spending. It comes after a survey found that 50% of people would like banks to “take further action” to prevent gambling harm. 

Read more here. 

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