The United Bank of Africa, UBA, has placed a ban on the use of its ATM Cards for subscription to p0rn, Betting, Dating and escort websites.
An email was sent across to customers on Thursday evening indicated that UBA debit and prepaid cards are now restricted from carrying out such transactions.
The email reads
“We wish to inform all cardholders that we have placed restrictions on the Bank’s debit and prepaid cards from carrying out transactions with merchants that are transacting on the following business categories; -Jewellry -P0rnography -Dating and Escort Services -Betting (including lottery tickets, casino gaming chips, off-track betting and wagers)
“This has become necessary with the increased need to protect our customers and the institution from fraud, litigation and reputational damages.”
If you ask me, I think this is a really dumb move.
After all it's my money and I don't appreciate my bank deciding how I spend it.
Their duty is solely to hold my money for me, not decide what I can and cannot spend my money on.
PS: I don't subscribe to such😇
An email was sent across to customers on Thursday evening indicated that UBA debit and prepaid cards are now restricted from carrying out such transactions.
The email reads
“We wish to inform all cardholders that we have placed restrictions on the Bank’s debit and prepaid cards from carrying out transactions with merchants that are transacting on the following business categories; -Jewellry -P0rnography -Dating and Escort Services -Betting (including lottery tickets, casino gaming chips, off-track betting and wagers)
“This has become necessary with the increased need to protect our customers and the institution from fraud, litigation and reputational damages.”
If you ask me, I think this is a really dumb move.
After all it's my money and I don't appreciate my bank deciding how I spend it.
Their duty is solely to hold my money for me, not decide what I can and cannot spend my money on.
PS: I don't subscribe to such😇
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