What happens if I request a withdrawal to a third-party bank account on Kingbets?

Short Answer: If you request a withdrawal to a third-party bank account on Kingbets, the request will be suspended or cancelled. The terms strictly prohibit payments to any account that does not belong to the registered account holder. Kingbets may also withhold any payouts associated with such requests and cancel related transactions.

Any matters arising from using another person's bank account are handled solely with that bank account holder's bank manager.

1. The Strict Same-Name Policy

According to the Kingbets General Terms and Conditions, all withdrawals will be processed solely in the name of the registered account holder. Payments to third parties are strictly prohibited. As part of their risk management procedures, Kingbets requires that the name on any bank account used for financial transactions must exactly match the name of the registered Kingbets account holder. They reserve the right to request bank statements confirming the source of deposits to verify this.

2. Consequences and Account Actions

If it is discovered that a third-party account has been used, Kingbets reserves the right to cancel all related transactions and reverse any bets placed using such unauthorized accounts. The company may suspend or close your account without prior notice. Additionally, if Kingbets determines that you have opened multiple accounts to facilitate this, they may withhold payouts and charge a penalty fee equal to 10% of the total deposit amount across all duplicate accounts.