When did it become the duty of a financial institution to determine what you do, buy or subscribed to with your master card? This is awkward.
The United Bank of Africa(UBA) has placed a ban on the use of its ATM Cards for subscription to betting, p0rn, Dating and escort websites.
The bank Customers was mailed on Thursday evening noted that the UBA debit Cards and prepaid cards are now restricted from carrying out such transactions. Below is the mail
“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
-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.”
Seriously, when did it become the job of a bank to tell you what to do with your ATM card or not?