Lloyds Bank has begun trialling a ‘budgeting tool’ that allows debit card customers to set ‘personalised limits’ on their monthly gambling spend.

“The feature allows people using the Lloyds Bank mobile app to set a monthly debit card gambling limit of any amount to the nearest pound when spending online, in person or over the phone,” it stated.

The budgeting tool follows the bank adopting an ‘optional freeze’ on gambling transactions introduced in November 2019, via a safer gambling partnership with Gamban.

Launching its trial, Lloyds seeks to understand how helpful customers find the ability to set a monthly limit, alongside the existing ability to freeze gambling transactions completely.