- Home
- Bank Accounts
- News
- NAB app to offer gambling block
NAB app to offer gambling block
In an Australian first, NAB his rolled out an option to block gambling transactions on its Visa Debit and Visa Credit cards via its apps, to help Australians better manage their personal finances.
NAB first introduced the option to block gambling transactions – including sports betting, casino games, lottery tickets and online gambling – via phone banking in March 2019. The option was added to NAB’s app for iOS devices in December 2019, and has now also been rolled out to Android devices, allowing NAB’s retail banking customers to block most gambling transactions with just a touch.
While other banks have also taken steps to restrict gambling transactions – Macquarie Bank blocking gambling and lottery transactions on its credit cards, for example – NAB claims to be the only major Australian bank to offer a restriction option on debit cards.
NAB chief customer experience officer, Rachel Slade, said that the feature is designed to support Australians in controlling their spending. This was in light of a December 2019 Australian Gambling Statistics report from the Queensland Treasury, which said Australians spent almost $25 billion on gambling in 2017-18 – around 5 per cent more than the year before.
“Since commencing the roll-out in December we have seen more than 10,000 customers turn on the restriction, highlighting the importance of offering easy-to-use tools for customers to manage their finances.”
The roll out of the gambling block feature follows the recent release of the NAB Australian Wellbeing Survey, which found that one in four Australians experienced some form of financial stress or hardship over the past three months.
If you or someone you know is affected by problem gambling, consider contacting a financial counsellor for support. You could also consider contacting your bank to ask what options are available.
Disclaimer
This article is over two years old, last updated on February 24, 2020. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent bank accounts articles.
Compare bank accounts
$0
$0
Over 13,000 ATMs customers can use in Australia with no ATM fees
Visa
- 2024 Award Winner
- Cashback
- App banking
- Online banking
- Visa debit card
$0
$0
Using a major bank ATM in Australia
Visa
- 2024 Award Winner
- Special
- App banking
- Online banking
- Visa debit card
$0
$0
Over 3,000 rediATMs
Visa
- Special
- App banking
- Online banking
- Visa debit card
$0
$0
Access at any ATM. Rebates on ATM withdrawal fees.
Visa
- Cashback
- App banking
- Online banking
- Overseas ATM facilities
- Visa debit card
Product database updated 17 May, 2024
Share this page
Get updates on the latest financial news and products
By continuing, you agree to the RateCity Privacy Policy, Terms of Use and Disclaimer.
Promoted bank accounts
Everyday Global Account
Real Time Rating™
- 2024 Award Winner
- Cashback
- App banking
- Online banking
Monthly fee
$0
ATM fee
$0
Over 13,000 ATMs customers can use in Australia with no ATM fees
Debit card type
Visa
Maximum interest rate
Glide Account
Real Time Rating™
- 2024 Award Winner
- Special
- App banking
- Online banking
Monthly fee
$0
ATM fee
$0
Using a major bank ATM in Australia
Debit card type
Visa
Maximum interest rate
Everyday Options
Real Time Rating™
- Special
- App banking
- Online banking
- Visa debit card
Monthly fee
$0
ATM fee
$0
Over 3,000 rediATMs
Debit card type
Visa
Maximum interest rate
0.01%
Orange Everyday
Real Time Rating™
- Cashback
- App banking
- Online banking
- Overseas ATM facilities
Monthly fee
$0
ATM fee
$0
Access at any ATM. Rebates on ATM withdrawal fees.
Debit card type
Visa
Maximum interest rate
Product data updated on 17 May 2024