what is best e-wallet to keep gambling of bank statements?

the_dude

the_dude

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hey there i need advice on best e-wallet for keeping casino transactions separate from my main bank account. applying for mortgage soon and dont want gambling transactions showing up on bank statements want to keep personal spending private. been using my debit card directly at online casinos and now realizing thats probably not smart with mortgage application coming up.
any idea what wallet options work best for this? needs to be accepted at most uk casinos. thanks
 
muchbetter or neteller. both keep it off your bank statement. just shows as transfer to muchbetter/neteller not casino name
 
be careful with mortgage tho. they can still see transfers to gambling ewallets even if not direct casino. my mate got asked about regular neteller transfers during interview
 
oh you definitelt want to lower gambling trans at all for like 3-6 months before application. course wallets might help but lenders can still identify them. anyway for genral privacy from partners, family, etc any wallet like MuchBetter, ecoPayz, Neteller, Skrill keeps casino names off bank statements. You just see the transfer and thats it
 
shadow123 said:
oh you definitelt want to lower gambling trans at all for like 3-6 months before application. course wallets might help but lenders can still identify them. anyway for genral privacy from partners, family, etc any wallet like MuchBetter, ecoPayz, Neteller, Skrill keeps casino names off bank statements. You just see the transfer and thats it
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true wife doesnt know i gamble so ive been using muchbetter for year and she never noticed anything. bank statement just shows "muchbetter" transfer which could be anything ;)
 
For mortgage applications, here's what lenders look for regular payments to known gambling operators (direct casino deposits),
frequent transfers to e-wallet services associated with gambling (Neteller, MuchBetter, etc.) and also pattern of deposits that correlate with gambling behavior. E-wallets provide privacy from casual observers (family, partners) but sophisticated financial review (mortgage underwriters) can identify gambling patterns.
If mortgage is priority, reduce or stop gambling activity few months before application. Use e-wallets only for casual play in the meantime.
I suggest you to pick from MuchBetter ( it's fast and widely accepted), ecoPayz (has good coverage, established), PayPal (accepted by some UK casinos, most "normal" looking on statements) and obviously Neteller/Skrill (widely accepted but being phased out by some casinos)
 
that's interesting as my boyfriend uses muchbetter specifically and i dont see casino names on our joint account statements. i know he gambles obviously but wallet makes it less obvious how much and how often. not sure how i feel about that honestly but at least its not causing problems yet...
 
bill_collins said:
For mortgage applications, here's what lenders look for regular payments to known gambling operators (direct casino deposits),
frequent transfers to e-wallet services associated with gambling (Neteller, MuchBetter, etc.) and also pattern of deposits that correlate with gambling behavior. E-wallets provide privacy from casual observers (family, partners) but sophisticated financial review (mortgage underwriters) can identify gambling patterns.
If mortgage is priority, reduce or stop gambling activity few months before application. Use e-wallets only for casual play in the meantime.
I suggest you to pick from MuchBetter ( it's fast and widely accepted), ecoPayz (has good coverage, established), PayPal (accepted by some UK casinos, most "normal" looking on statements) and obviously Neteller/Skrill (widely accepted but being phased out by some casinos)
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Bill made perfect breakdown here. Lenders do look for gambling activity as part of affordability assessment. They just want to ensure you're sustainable for mortgage payments. The Financial Conduct Authority has guidance on this and lenders are expected to review bank statements for gambling transactions when assessing affordability. E-wallets reduce visibility to casual observers but won't hide activity from financial review.
 
what about crypto? does crypto show as gambling on bank statements? or just shows as coinbase or whatever
 
ak47 said:
what about crypto? does crypto show as gambling on bank statements? or just shows as coinbase or whatever
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obv crypto shows as transfers to exchanges so its less obvious but you still need to fund the crypto exchange from your bank, lenders may a;so ask what you're using crypto for btw some are aware of crypto itself. so crypto provides more privacy but isn't foolproof
 
@bill_collins @CatMatt thanks i didnt realize lenders look that closely. application is about 4 months away so maybe i should just take a break entirely 😩
@shadow123 yeah general privacy from family was also part of concern. parents are co-signing mortgage and they go through finances with microscope. they would not be happy seeing my guilty pleasures lol
 
Rodemanas said:
eeem if parents cosigning they will see bank statements anyway right? ewallet wont help with that mate
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@Rodemanas it depends on how involved they are. If they're just co-signing and not reviewing every statement, e-wallet transfers look less obvious than direct casino names.
the_dude said:
@bill_collins @CatMatt thanks i didnt realize lenders look that closely. application is about 4 months away so maybe i should just take a break entirely 😩
@shadow123 yeah general privacy from family was also part of concern. parents are co-signing mortgage and they go through finances with microscope. they would not be happy seeing my guilty pleasures lol
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@the_dude if your parents are actively reviewing statements for mortgage purposes, any regular transfers to gambling related services will raise questions. Taking a break might be wisest option in my opinion.
 
my mortgage advisor specifically asked if i gambled regularly during application. had to show 3 months bank statements with no gambling transactions. so yeah they'll definitely look for it
 
That's increasingly common. Lenders got burned during COVID when people were gambling unemployment benefits and then defaulting on mortgages. Now they're much more cautious about approving mortgages for regular gamblers. But seriously consider taking a full break. Four months of clean bank statements will help your application significantly.
 
i use ecopayz mainly because my girlfriend checks bank account sometimes. she knows i gamble bit but doesnt know how much so it helps avoid questions
 
mortgage lending situation has gotten stricter over past few years. it used to be they'd overlook occasional gambling however now thy calculate gambling spend as part of debt-to-income ratio assessment. and if you show £500/month in gambling-related transfers, they reduce your mortgage eligibility by treating it like debt repayment. i assume it's smart to clean up statements before applying
 
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