Barclays is now letting customers block payments to gambling companies
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It’s the first mainstream finance company to do so, following in the footsteps of challenger bank Monzo
By Liam Geraghty
Barclays has launched a feature that will let customers turn off payments to certain retailers in a bid to protect the UK’s problem gamblers.
The new tool allows people to block transactions at supermarkets, restaurants, takeaways, bars and petrol stations as well as bookmakers and gambling sites.
Premium rate websites and phone lines can also be blocked by pressing a button on Barclays mobile banking app.
The financial giant is not the first to offer the service – challenger bank Monzo introduced it in the summer in a bid to ‘prevent financial problems caused by gambling, rather than trying to support people once they’ve already happened’.
But Barclays is the first mainstream bank to make the move, hoping to protect the UK’s 340,000 problem gamblers and 1.7 million people at risk of racking up thousands of pounds in debt and putting them at risk of damaging the...
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