Segregation of Funds
AB Bet ltd (TeamBet) takes the security of customer funds seriously. In accordance with the UK Gambling Commission's requirements, we operate a policy of segregating customer funds from our own operating funds. This means your money is held separately and is protected in the event of insolvency.
How Segregation Works
When you deposit funds with TeamBet, your money is held in designated client money accounts that are separate from the company's general business accounts. These accounts are used solely for holding customer funds and cannot be used to meet our operational or creditor obligations.
Protection Standards
We segregate customer funds in line with the Gambling Commission's guidance on the protection of customer funds. While no arrangement can guarantee 100% protection in all circumstances, segregation significantly reduces the risk that your funds would be used to pay company debts or distributed to other creditors in the event of our insolvency.
Your Balances
The balance shown in your TeamBet account represents funds held for you. Withdrawals are processed from our segregated accounts. We aim to process withdrawal requests promptly, subject to any required identity verification or anti-fraud checks in line with our regulatory obligations.
Further Information
The Gambling Commission requires licensed operators to have adequate arrangements for the protection of customer funds. We maintain these arrangements and review them regularly. If you have questions about how your funds are protected, please contact our customer support team.