No, business accounts cannot be used for BingoPlus withdrawals or deposits. Only personal bank accounts or e-wallets (e.g., GCash) under your name are permitted.
Why Business Accounts Are Restricted
- Legal Compliance: Anti-Money Laundering (AMLA) laws require traceability to individual account holders.
- Fraud Prevention: Business accounts increase risks of unauthorized third-party transactions.
- Platform Security: Ensures only verified individuals control gaming funds and withdrawals.
What to Do If You Don’t Have a Personal Account
- Open a Personal Savings Account: Most Philippine banks (e.g., BDO, Metrobank) offer free, easy-to-open personal accounts.
- Use GCash Instead: Link your GCash wallet (under your name) for instant, fee-free withdrawals.
- Update BingoPlus Details: Ensure your profile name matches your personal account/GCash exactly.
Penalties for Using a Business Account
- Withdrawal Rejection: Unauthorized account transactions may be automatically blocked.
- Account Suspension: Repeated attempts may lead to temporary or permanent bans.
Need a Personal Account? Explore BingoPlus-supported banks for quick setup.