Online Casino Bank Transfer

Ever since the internet casinos first opened their doors they have offered bank transfer as an option. For many online gamblers, this is the preferred method to fund their casino accounts. This payment method is also known as wire transfer so if you see that term being used they are pretty much the same thing.

While banker transfer is a secure and trusted way to make payments it can also be rather slow. In this article, we are going to discuss what bank transfer is, the pros and cons, and some other payment options to consider. We will also answer all the questions most asked regarding the use of bank transfer at an internet casino.

Before you decide if bank transfer is the best payment method for you, ensure that the online casino you choose to sign up to is also safe and secure. If you visit any of our recommended casinos you can be sure that they are licensed, regulated as well as SSL encrypted to protect your personal and financial information.

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    What is Bank Transfer?

    A Wire transfer is a way of electronically transferring funds from one place to another. It will depend on the bank you are using in regard to the speed of the transaction, its safety, and fees charged. Both parties; the sender and receiver will incur fees for the transfer.

    Before you can transfer funds you will need to find out if the internet casino includes bank transfers as a method of payment. If this is not possible you will have to use international wire transfer. For this, you will need the casino’s IBAN or SWIFT codes to be able to transfer your deposit.

    Wire transfer is the payment method that is cheapest if you are planning on transferring large amounts of cash into your casino account though you will be charged a fee and so will the receiver and they will likely deduct the fee they incurred from your funds.

    Advantages and Disadvantages of Bank Transfer

    Wire transfer is a tried and tested method for transferring funds online and banks are extremely serious regarding data protection and the security of their customer’s accounts.

    One of the main advantages is that pretty much everyone over the age of 18 is likely to have a bank account so it will be a payment method that anyone can use. Nearly all the online casinos offer it as a payment option so you have a huge choice of sites to choose from.

    As you are able to both make deposits and receive withdrawal payments to your bank using this method it saves any confusion and means you can stick with just the one payment option

    High-rollers who wish to send large amounts of money to fund their accounts find that wire transfer is the best method. The same goes for withdrawals with the ability to transfer large sums to a bank account. Another reason to take advantage of the higher funding limits with wire transfer is that often you will be eligible for bigger bonuses.

    The primary issue with wire transfer is that deposits and withdrawals are much slower than other payment methods. In addition, other disadvantages are the fees charged for wire transfers and some players don’t feel comfortable sharing their bank details online.

    For those that don’t have access to other payment methods or if you happen to be a high-roller wanting to fund your casino account with a large sum, it could be the best option.

    How to Deposit using Bank Transfer at an Online Casino

    To deposit your funds go to the casino’s payment page where you will choose bank transfer as your payment method and then select your bank and country from a drop-down list.

    Your casino will send your specific payment details to use, this will include their IBAN and BIC references as well as the company name and location. You will then have to log in to your bank account where you will enter these details to release the payment to the casino. Confirmation that the funds have been received by the casino can take up to 5 business days.

    How to Withdraw using Bank Transfer at an Online Casino

    To withdraw your winnings you will need to visit the cashier section in your casino, select the option to withdraw using bank transfer, and enter your banking details. Take care with this step as you don’t want to key in the wrong information. It usually can take from 3 to 5 days sometimes even longer before you will receive your funds.

    Alternatives to using Wire Transfer

    While wire transfer has its benefits, online casinos have a range of payment methods to choose from. Many casino enthusiasts prefer to use credit cards or debit cards from big-name providers such as Visa or MasterCard. Another popular option is eWallets such as Neteller and Skrill which are fast as well as providing a level of anonymity. Prepaid options such as Paysafecard in addition to cryptocurrencies are two of the newer methods in use at many casinos.

    FAQ

    Yes, the process is exactly the same as we outlined above for depositing funds to your account. These days it is as safe to make online transactions from a mobile device as it is from a desktop PC or laptop.

    Unfortunately not, while they offer other benefits transaction speed isn’t one of them. Depositing can take up to 3 days and while withdrawals normally take up to 5 business days, we have heard of instances where funds have taken an extremely slow 10 days to transfer.

    Different casinos will have different terms and conditions regarding welcome bonuses but usually, if you fund with bank transfer you will receive a sign-up bonus. It’s always best to check with the site’s customer service beforehand to clarify.

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