What happens to my money if I close my Kingbets account?

Short Answer: If you close your Kingbets account, the remaining real money balance will be returned to you. However, Kingbets may withhold any deposits, winnings, bonuses, or other amounts attributable to illegal activity, fraud, or any prohibited activity. All account closures are subject to KYC verification before funds are released.

Any active bonuses and their associated winnings will be forfeited when the account is closed.

1. Returning Your Real Money Balance

According to the Kingbets General Terms and Conditions, the closure of a customer's account, along with the transfer of any remaining balance to the customer in real money, is considered a transaction within an ongoing business relationship. Once your closure request is processed and your identity is verified, the remaining real money balance will be transferred to you. You must ensure that any pending withdrawals or outstanding matters are resolved before the closure is finalised.

2. What You Might Lose

The terms state that Kingbets shall be under no obligation to refund, and may withhold and retain, any deposits, winnings, bonuses or other amounts attributable to illegal activity, fraud or any Prohibited Activity. Additionally, if you have an active bonus that has not been fully wagered, those bonus funds and any winnings generated from them will be cancelled. Any negative balance on your account becomes immediately due and payable, and the account will not be closed until the amount owed is paid in full.