Bank Transfer Casinos
Modern technology has indeed prompted significant changes in how we do business nowadays. It’s not unusual to see people ordering food and groceries online, buy clothes and other items from an online marketplace, and even contact companies for their services over the Internet. Thanks to the Internet, there are so many things that you can do without having to leave the comforts of your own home. Back in the day, if one wanted to play casino games, he will have to go to a brick-and-mortar casino. But there are now thousands of online gambling sites that offer every kind of casino game you can imagine. The Internet has also made it more convenient to deposit and withdraw casino funds, anytime and anywhere.
Not all players, however, are tech-savvy when it comes to using e-payment methods for their online casino accounts. Some are concerned about the security and safety of third-party payment processors. This is why many online casinos still offer bank transfers as an option to deposit money or withdraw funds from an online casino account. Bank transfers are considered safe and secure, albeit with some drawbacks and disadvantages.
Advantages of Bank Transfer Casinos
When you perform a bank transfer for your online casino account, you will have to confirm your bank information through the casino’s online platform in order to proceed with the transaction. Your bank will also contact you if there are any suspicious or fraudulent activities detected. You can be sure you’re your money is safe and secure since the transaction does not pass through any third-party payment processor. If you want to make sure that your funds get transferred or withdrawn without any problems, your best option is to utilize the bank transfer feature.
Disadvantages of Bank Transfer Casinos
One of the disadvantages of bank transfer casinos is the time or number of days it will take for your funds to be uploaded or for the funds that you withdrew to reach your account. Although the timeframe will vary from bank to bank, the fund transfer process may take 3 to 5 banking days. Cashouts or withdrawals may also take 3 to 5 days to complete the transaction so the slow waiting time may not be too pleasing especially if you are in a hurry. Another, although not too glaring, disadvantage of bank transfer casinos is that there are fees involved in processing the transaction. Most payment processors have their own fees, too, so this is not a disadvantage exclusive to bank transfers.
Bank Transfer Casinos Deposits and Withdrawals
Convenience is an important factor when choosing a provider for withdrawing or depositing funds to an online casino. Although bank transfers to casinos are not as swift as other online payment methods, it does not mean that the process of transferring funds through your bank is complicated or strenuous.
To deposit funds to your casino account, go to the online casino’s website and navigate to locate the payments page. On the payments section, choose the bank transfer option and you will be directed to another page where you will choose your country as well as a selection of banks that the online casino accepts payments and withdrawal transactions from. After selecting your bank, you will be asked to log in using your online banking user ID and password. Make sure to use the payment details sent by the casino especially the reference number noted in the payment notification. Transfer the funds and then wait for 3 to 5 days for the casino to receive your money. Once you get a notification that the funds are already in your account, you can start playing your favorite casino games!
To withdraw funds from your online casino account, go to the casino’s cashout page. Choose Bank Transfer as the option for withdrawal and from the list of banks, tick the option for your bank. Follow the other instructions as necessary. You may have to wait for 3 days or more to receive the funds in your bank account.
Fees for Bank Transfer Casinos
Banks will normally collect a fee for the deposit and withdrawal transactions both from the recipient and the sender. The bank who will send the funds to the online casino will charge a service fee to the sender. The bank who will receive your money from the online casino will also deduct certain charges from the money that you will receive. Before you perform a deposit or withdrawal transaction through bank transfers, make sure you are aware of how much it will cost you to do so to avoid being surprised by high service fees. Service fees will always depend on every bank and also depending on where you are located (country). You are lucky if your bank charges reasonable service fees for casino bank transfers since there are some banks whose fees are sky-high! To save on bank service fees, contact your bank to inquire for the best option or method to transfer money or withdraw funds from an online casino.
Are there online casinos that do not allow bank transfers?
Most online casinos will accept bank transfers as the option for depositing and withdrawing funds. However, some banks may not have the facility to perform such transactions so it is important to check first with the bank.
Are bank transfers safer compared to other forms of payments?
Bank transfers to casinos are considered safer than other online payment methods since your personal details will not go through different platforms, thus providing you more security.
Bank Transfer Casinos Conclusion
Bank transfers are considered a classic option for uploading or withdrawing funds from an online casino. It is also one of the most secure and effective methods for playing casino slots online since the bank monitors the entire transaction from start to finish. Although there are other effective methods of payment such as PayPal, Skrill or NETeller, remember that these are third-party payment processors and you will have to share your sensitive information to use their platform. The best way to enjoy online casino games is to have sufficient funds to use for betting, and bank transfers are one payment/withdrawal method that will never get out of style.