Bank Transfers

Deposit and withdrawals through bank transfer are some of the oldest and safest methods of transacting with new online casino accounts. It’s common to use banks for transfers when the amounts are getting over €1000 per transaction. Many of the other methods come to speed up the transaction or to offer convenience compared with the bank transfer. In this article, you will learn about the payment methods in detail, its pros and cons and the best situations to use the method. Find the best new online casinos accepting bank transfers below.

How quick are bank transfers for online casinos?

It usually takes 1-2 bank days before your money arrived into the account, assuming you completed the transfer before 15:30. If the bank is in the same country as your new casino, then it might go even quicker. However, in some occasions, it might even take 3 days to complete a bank transfer. People use it mostly when bigger amounts are involved and they would like to be 100% sure the money arrives into the account without any verification issues.

Why are Bank Transfers Useful

This method of casino payment is one of the most useful casino payment methods as it does not require users to open up additional user accounts. It becomes easy to track your payments from one account. You use your existing bank account for your transactions. No new accounts to remember, passwords to store or additional cash to load. It is also accepted by a majority of the online casinos thereby, making it a choice method for deal hunters who would like to join various casinos.

Is the Method Secure?

Bank Transfers are secure. Banks take extra care in ensuring that your funds are safe from any theft or fraud. They have invested in the latest online security tools for this purpose. Therefore, you do not need to worry about losing funds while transacting with your favourite casino.

Can You Use Bank Transfer anonymously in New Casinos?

No. Whenever you need to deposit or withdraw your cash, you will be required to enter your details into your casino account for the transaction to be completed. Therefore, your name and other details will be exposed to the casino. For anonymous transactions, we recommend Ripple or Bitcoin.

Is there an Age Limit for the use of this Method?

Most countries do not allow individuals younger than 18 years to take part in gambling activities. Consequently, they cannot use the method to make transactions with casino accounts they do not have.

Common Reasons Bank Transfers can be Declined

If a bank transaction with your casino account was declined, it could be due to one of the following reasons.
Wrong Address
You need to put the right and valid address when activating bank transfers. If the address you put does not match with the details that you had given the bank, the transaction will be declined.

No Money in the Account
If there is no cash equivalent with the amount that you need to deposit and any other charges, your request will be declined. Always check your account balance before making a payment.

Exceeding Deposit Limit
Some casinos allow you to create a deposit limit in a bid to prevent irresponsible gambling behaviour. If your deposit would go over such a limit, the casino may block your deposits.

Suspicious Transactions
If your bank detects some unusual activity in the account or suspicious transactions, it may prevent transactions with the account temporarily to lower the risk of fraud.

What is the difference with E-wallets?

E-wallets are similar to bank transfer in that they enable transactions directly with the casino account and you can actually store cash in the virtual banks. However, they lack many bank services, as you would enjoy in a traditional bank.

Are there Fees for Deposit or Withdrawal?

Yes. There are fees for using the method. Most banks charge anything between 2.5% and 5%. However, most of them offer instant and free deposits to your casino account. Details of the charges are usually indicated when you select the method for transacting with your account.

Pros with bank transfers

• It is one of the very secure payment providers at casino.
• It is accepted by the majority of serious new casinos online, making it a good choice for anyone who would like to take up various offers from different casinos.
• You do not need to open another financial account for your transactions with the casino.
• You can use the cash as soon as it reflects in your account.

Cons with bank transfers

• Most banks have a charge for withdrawals with this method.
• Money takes three days to a week to reflect in your bank account, which is too long for most casino players.
• You have to share your account details the casino before making a transaction.

Where Do You Get to use the Bank Transfer Method?

If you already have an existing bank, you just need to use those details in the deposit or withdrawal page of your favourite. Otherwise, you need to open an account with one of the local banks and load the account with cash. Next, head to your new online casino and open deposit or withdrawal page then fill the bank details along with the amount that you would like to be sent.