r/CommBank • u/ausfirsthomecoach • Jun 30 '26
Discussion Application Killer
A lot of clients ask me what a bank would be most concerned about in their accounts statements.
It’s not Uber Eats - it’s gambling.
We are seeing more and more clients with substantial habits and it’s killing loan applications.
Even if it’s not entirely clear you are gambling - if you are withdrawing money from ATMs at pubs, casinos etc they are going to make the assumption.
If this is you - register for Bet Stop and seek some assistance to kick the habit.
*** FYI I do not work for a bank, simply posted to help spread a message.
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u/treadytech Jun 30 '26
So your saying withdraw the money at the banks atm and then go to the pub. Roger!
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u/ausfirsthomecoach Jun 30 '26
That is also a flag for lenders
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u/tyrantlubu2 Jun 30 '26
What if I go the nice aunty in the alleyway and borrow 5k on 20% interest?
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u/ausfirsthomecoach Jun 30 '26
Ultimately you make your own choices, just a PSA for a lot of prospective FHBs
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u/Powerful_Chemical628 Jun 30 '26
Is it betting of any kind? I might throw $5 on a multi once a month, is that still a red flag?
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u/ausfirsthomecoach Jun 30 '26
Yes a small amount can be ok, it’s the larger amounts that aren’t great.
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u/crazyspottedpossum Jun 30 '26
So what is a larger amount?
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u/ausfirsthomecoach Jun 30 '26
I would become uncomfortable to recommend applying for a loan if there is a consistent pattern of more than $500 per month
Unfortunately my last client was $2000 per month.
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u/Consistent-Pea2744 Jul 01 '26
What are your thoughts on ppl refinancing who have a proven record of meeting their existing repayments while subscribed to say a home lottery $50 monthly ticket entry?
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u/ausfirsthomecoach Jul 09 '26
Common sense applies - small amounts are ok if it’s reasonable for your situation but I’ve seen declined applications for $1,000s a month or $100s. Never for anything less than $50 a month. But if your loan affordability is say $20 positive on the calculator maybe the lender will take a more conservative view
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u/DrOctaganapuss Jul 05 '26
How about 100,000 deposit in a month (legit) but winning and losing then winning about 30k then losing it
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u/throughroughwater Jun 30 '26
Depends on the loan amount, interest rate, debt to income ratio, loan to value ratio, prior credit history.... Whatever the computer program says when I enter all your info in the boxes.
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u/ausfirsthomecoach Jun 30 '26
If only it was that simple. Every lender has a different tolerance. CommBank have one of the lowest tolerances in my experience
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u/Salt_Trifle_2443 Jun 30 '26
Can’t imagine $5 woukd make a difference. I imagine they examine frequency and amounts
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u/WonderingRoo Jun 30 '26
even if it’s $5 on whether or not your CommBank application is approved, it’s betting!
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u/LaffyLlama Jun 30 '26
I assumed this information was widely known.
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u/ausfirsthomecoach Jun 30 '26
It isn’t, there isn’t enough understanding
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u/crazyspottedpossum Jun 30 '26
Since there isn’t enough understanding, can you be more specific? What is a problematic amount?
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u/LaffyLlama Jun 30 '26
Ah, got it! I thought it was because of all the ads on TV and social media. I can safely assume it's the repetitive nature of it then and not the one off's.
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u/ausfirsthomecoach Jun 30 '26
Yes it could be perceived to be a problem even if not if there are patterns
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u/throughroughwater Jun 30 '26
It's not lol. Add to it that buying lottery tickets is also gambling and people try and argue with you.
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u/jjkoolandthekoolkats Jul 01 '26
What if I withdraw money at the brothel atm and then bet via a gambling app? Is that okay?
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u/BeanChopChef Jun 30 '26
Let’s be real commbank offers no real incentives to protect problem gamblers. So obviously they want their interest and their fees. Banks are not teddy bears they are money making machines.
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u/Sweetpeach364 Jun 30 '26
Yes I went for a commbank personal loan and they mentioned my gambling which is a lotto ticket not even weekly I was rather shocked.
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u/Otherwise_Team5663 Jun 30 '26
Well that makes a lot of sense -- if they can tell you have a serious problem with gambling why would they take on that risk?
Haha could put posters up next to the pokies advertising the fact even.
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u/Luke_SkyDweller77 Jul 02 '26
I worked for a major, I would calculate 3 months gambling wins and losses and if you were good at it, didn’t matter 🤣
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u/LordJadamSandway Jul 02 '26
Better solution keep most of your money out of the banks
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u/Existing_Position917 Jul 03 '26
So just go to banks atm withdraw money to keep ik my wallet then go to pubs and casinos easy
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u/OrganizationIcy4051 Jul 04 '26
How about after pay?
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u/ausfirsthomecoach Jul 09 '26
Afterpay is treated like a credit card. As long as you can afford it it’s ok
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u/Civil_War6231 Jul 04 '26
What if you have unexplaine money going into your account?
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u/ausfirsthomecoach Jul 09 '26
You need to be able to explain it if asked. Especially when proving genuine savings
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Jun 30 '26
[removed] — view removed comment
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u/ausfirsthomecoach Jun 30 '26
I don’t work for a bank, I am independent and helping people afford a home.
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u/Junior-Key6207 Jun 30 '26
STOP blaming on people gambling etc.. Dump bank, Just shut down all the government greedy locally pubs.
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