Online Casino Asking For Proof of Income or Bank Statement?

Your proof of income and bank statements are very personal, so it seems fair to question why an online casino may need this information. 

Online casinos are legally allowed to ask players for proof of income or bank statements. But why? Let’s find out!

Online Casino Asking For Bank Statement: Why? 

If an online casino is asking for a bank statement from you, your first thought is probably to ask why. What would an online casino want to see a bank statement for? Well, there are a few reasons!

You will never randomly be asked to show a bank statement if there is no reason. Online casinos must make sure that all deposits are legitimate. There are certain activities that could raise suspicion and trigger a casino to ask for your bank statement. Some of these may include:

• Making a big deposit: If a large deposit, or lots of consecutive deposits are made, this may raise suspicion with the casino. This is a big red flag for potential fraud, especially if you do not usually make large deposits. 

• After a large win: Sometimes, after a significant win, players may be asked to supply evidence of their funds (if they haven’t already). This doesn’t always happen, so it may catch players off guard if it does. 

• Suspicious account activity: Many activities could be seen as suspicious, the reasons can vary from casino to casino. Some suspicious activities that may raise concern include placing large deposits and spending lots of money. 

Can a Casino Ask For Proof of Income? 

Yes, a casino can ask for proof of income if they have a reason. If the casino suspects suspicious or illegal activity on your account, they can ask you for proof of income. Online casinos may also ask players for proof of income to confirm their source of funds is legitimate. 

Why Do Casinos Ask For Proof of Income?

Online casinos in the UK can ask players for proof of income. Casinos ask for proof of income because they are often a target for money laundering. This is why casinos follow strict measures and must be registered with the UK Gambling Commission (UKGC).

There are certain instances when an online casino may ask for proof of income. This includes a large sum being deposited in your account and placing large bets. This suspicious activity would prompt an online casino to ask for proof of income to ensure you can afford to gamble in this way.

What Is Proof of Income For Gambling?

If your account is flagged by an online casino for suspicious activity, such as large deposits being made, unusual spending, or a large win, you may be asked to provide proof of income. Here are examples of ways you can provide proof of income for gambling;

• Your occupation and salary
• A copy of your most recent payslip
• A recent bank statement (this must show your salary being paid)
• A recent credit card statement
• A recent e-wallet statement showing your name, incomings and outgoings
• A statement showing your most recent online casino deposit to prove the account is yours

However, this may vary for each online casino, so you may want to check.