Online gamblers can send and receive funds direct from their bank account. There’s no need to use a debit or credit card to move cash. And if you want to avoid e-Wallet fees, to pay with a bank transfer can be a great alternative. Bank transfers are reliable, encrypted, and you can sometimes avoid hefty charges.
With our expert reviews, you’ll find a top selection of casinos accepting bank transfer payments and withdrawals. All you need is a valid bank/checking account and a recent home address. The casino may absorb the fees too.
Making Casino Deposits Via Bank Transfer
Most online gambling sites and casinos accept deposits with a bank transfer. It’s simple to do, and you can have your funds within a few days. Think of it like sending a company funds, or paying for goods online.
In the Cashier, select the Bank Transfer or Wire Transfer option. Some sites allow Internet payments using Fast Bank Transfer. This cuts down the processing time to 1-3 days, but the limits may be smaller. Look at the deposit limits available. You will have a lower and upper limit displayed in the Cashier. These show how much you can deposit at one time.
Make The Deposit
Making a deposit is the same as making an Internet payment using your online banking page. When you click on the Bank Transfer or Wire Transfer option, you will be provided with the casino’s bank details. This includes the casino’s Account Name, Bank Name, Bank Address, IBAN and Swift Code, and Account Number. Use these at your online banking homepage to transfer the funds. You will also have to provide a reference (usually your gambling account username) as proof.
Processing times vary depending on where you live, and where your recommended online casino is registered. Usually, if you are sending money overseas, the deposits can take between 2 and 10 working days to arrive. Asian casinos may be quicker. Once the funds have been deposited and a fee taken, you can gamble with the real cash.
Making Bank Transfer Cash-outs In Real Cash
You can request a cash-out using Bank Transfer any time. Simply head back to the Cashier and select the option from the menu, and your currency. Many online casinos accepting Bank Transfer will allow a one free withdrawal to customers per month. This means the fees are absorbed by the Internet gambling website and not by you. Alternatively, you will have to pay a set fee to cash out.
Withdrawals take a week or two to arrive back in your account. In general, you will have to cash out to the same bank account you used to deposit into. However, withdrawal limits can be big, as much as USD50,000-100,000 in a single transaction.
Benefits & Downsides Of Bank Transfer
Bank Transfer casinos let you move funds easily from your current/checking account. It will be secure, using your bank’s own top encryption protection. And if there is a hack or the funds are stolen, your bank may protect the transaction. In that respect, a reliable bank transfer payment can be better than using an e-Wallet like Skrill or PayPal.
Another great excuse to use casinos accepting Bank Transfer is you don’t need a card to move real cash. Internet payments require a simple casino bank account number which can be used via your own online banking page. You also avoid the large cash advance fees associated with gambling via a credit card like MasterCard or VISA.
It’s worth looking at deposit limits before you begin, however. Depending on where you live, you might find a minimum Bank Transfer limit of USD100 as standard. If this is above your usual bankroll level you might want to find an alternative.
There will almost always be fees when using a bank transfer. Casinos won’t charge you to transfer funds, but your bank will do. This is the case when you send gambling funds overseas to a casino site. If you pay with Bank Transfer, expect a charge of USD5-10, depending on the destination and the financial institution.
One final downside at Bank Transfer casinos is the processing time. You will have to wait at least a day for your deposit to be processed. That’s no good if you’re ready to learn the rules of play and hit the Sic Bo tables. In addition, cash-outs can take up to two weeks to be processed.