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888 terms and conditions - Inactive accounts beware

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coprey:
Hi

This may be commonly known, or have previously been discussed. Today I discovered that 888 will deduct funds from accounts that have been inactive for 6 months without warning. The deductions equate to 10% of the funds in the account and will be taken monthly, 10% per month. This was explained to me today by 888 representitive Kathia P. She also explained that it is in the terms and conditions. I understand that players registering with 888 are doing so to play APAT events and therefore will not be inactive, however considering most people dont read through the terms and conditions I thought it might be useful to know. It seems a strange policy and one that worries me, considering I have quite a few poker accounts with cash deposited, many of which I have not used for a while. The policy just seems wrong to me.

Col

coprey:
This was discovered when I noticed by account had been cleaned out. Im not sure how much funds where removed, not much from memory but I will be asking 888. Also reward points were removed, and i had quite a lot considering I played on this site a lot for several years.

AMRN:
wow if this is true, it"s outrageous!!

Paulie_D:
I certainly wasn"t aware of it...fortunately I only use the account for APAT.

I"ve generally found it good practise not to leave ANY money on a site I"m not planning on playing for a while. I"ll withdraw to Neteller, or whatever, and leave it there where it can be transferred back pretty much instantly.

coprey:
Copied directly from 888 terms and conditions

Should you fail to use your account for six months your account will be considered a "dormant account". The six-month period will run from the date of your last login to your account. In the case of a dormant account, the Company will levy a monthly administration fee at a rate of 10% of the balance in the account on the date that it became dormant. The administration fee shall be deducted from the dormant account commencing from the last day of the sixth month in which the account is inactive and on the last day of every month thereafter, until the balance of the account has reached zero. In the event that you login to your account during the ten-month period during which the administration fee is levied, the Company will cease to levy the administration fee but shall not be obligated to return to you any monies already deducted from the account at such time.

:o

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