Bank Transfers as an Online Casino Payment Method

Bank transfer is a general term used to cover a wide range of money transfers, including cash payments and wire transfers to local banks. This payment method can likewise be done anywhere in the world. Bank transfer casinos is really common but not every country accept this payment method. This payment method is preferred by many players who do not have a credit card or play on Skrill casinos or Jeton casinos. It is also a safe payment method to use in online casinos and not to mention the convenience the payment method provides its customers.

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These days, a bank transfer is by far the oldest and most secure way to make online transactions. In fact, it is one of the trusted payment methods to deposit money into your online casino account. If you are worried about the safety of your money, a verification process will assure you that your personal and banking information is safe from any fraudulent activity. In this way, you can sleep soundly at night and worry only about the potential earnings that you will get when you play your favorite online casino games.

History

You will be surprised to know that the first money transfer happened around 150 years ago when telegrams are very much popular among us. Money transfers were sent via telegram and this was made possible by Western Union in the United States. Telegram transfer is done by one person paying a particular amount to a telegram station. The station would then send a telegram instructing the destination to pay the specified amount to the recipient at their end with a fee charged to the sender or recipient.

Since then, the availability of different resources, especially the technology that banks use has revolutionized money transfers. The dawn of computers in banking has helped a lot in transferring money. Everything became electronic and security and safety were assured to the consumers. As such, electronic payments have become convenient and easy. This is also made simpler with online banking or thru the use of banking apps. Money can then be sent to the recipient by just accomplishing the forms provided via online banking or mobile banking app.

In 2008, the Faster Payment Service was launched to answer the need of having quicker and easier electronic bank transfers. This is the bank transfer that we know today and a fantastic way to send and receive cash. For you to be able to transfer to an online casino, you need to have an online banking account and the banking information of the online casino.

Many online casino gamblers prefer this payment method for a wide variety of reasons. Here are some of them and will somehow help you to decide whether to use bank transfer for your online casino payments.

  1. Bank transfer is completely safe and reliable.
  2. Many online casino sites accept or support bank transfers as a payment method. It is available worldwide in nearly every casino.
  3. Online casino players find bank transfers easy and convenient to use.

Deposit/Withdraw – how does it work

Deposit to your online casino via bank transfer is easy and fast. If you are not yet familiar with the steps involving online casino deposits, you will be glad that we have a simple guide that you can follow. Here is how you can use it in casinos that accept bank transfers:

  • Proceed to the cashier section of your online casino account and choose “deposit”.
  • You will have to choose bank transfer as your desired payment method.
  • Input the amount you would like to transfer and provide the banking details that the online casino requires.
  • Your bank may also ask you to verify your identity through a security check. An example is via a code sent to you through SMS.
  • Once you have passed or cleared the security check, wait for a short processing time for your funds to be transferred to your online casino account.
  • Once funds have been deposited, you can now enjoy playing your favorite online casino games.

If you are ready to cash out your winnings, if you been lucky, you can also do this through an online casino bank transfer. There is also no need to worry if you are not well acquainted with the method as we will guide you through it so that you can fully enjoy your rewards:

  • Check out the cashier page of the online casino you chose and select withdraw.
  • Enter the desired amount you would like to transfer from your casino to your bank account.
  • Provide the necessary banking details requested in the form.
  • Confirm the transaction and wait for the casino site to process and release the funds to your bank account.
  • It is also important to know that the length of processing time depends on the online casino. Therefore, it is recommended to read the terms and conditions of the casino site to know about the rules and policies regarding money transfers.
  • Sometimes, the casino will require you to submit documents for identification, such as valid ID and utility bills with your personal data.

Over the years, bank transfers have been one of the most trusted and reliable methods to transfer funds from your bank account to the online casino. This is also true when withdrawing your funds and enjoying your winnings. In fact, many gamblers prefer this payment method for the different benefits it offers. Since not all payment method suits our needs, it is highly recommended to know more about bank transfer and understand its pros and cons. Here are some of the benefits that you will find interesting to help you in deciding the most suitable online casino payment method:

  • Online casino gamblers will find it beneficial and interesting that bank transfer is highly safe and secure. This is because of the state-of-the-art security technology that most banks use. This is also to assure the clients that their money, as well as any information, is safe from theft and any fraudulent activity.
  • Bank transfer is available worldwide and in most online casinos.
  • Most gamblers find it easy and convenient to make deposits and withdrawals.

However, bank transfers also have some downsides that every gambler needs to know. Examples are the long processing time compared with the other payment methods. In many instances, there are fees to be charged for using the services of the banks involved in the transfer. The particular amount also varies and greatly depends on the amount being transferred.

With more and more gamblers using bank transfer as a payment method, you will have no problem searching for the right online casino. There are dozens of online casinos that accept bank transfers as a payment method that allows gamblers to make deposits and withdrawals. Gamblers are likewise recommended to read the terms and conditions of the casino site to know their policy regarding money transfer.

Other Online Casino Payment Methods:

ecoPayz Casinos

MuchBetter Casinos

Bank Transfer FAQ

Can I use bank transfer at online casinos?

Yes, in fact, most online casinos accept bank transfers as a payment method.

Do I have to pay any fee when I use bank transfer to gamble?

Each bank has its own policy regarding the fees to be charged. It is recommended to contact the customer support team of your bank to be sure.

Which countries accept bank transfers as an online casino payment method?

Most countries accept bank transfer as a form of online casino payment method.