Bank transfer is one of the most convenient and secure banking methods that allow you to transfer money from one account holder to another, anywhere in the world. You can then use it to directly transfer money from your bank account to the casino of your choice to start playing real money games. Other than the fact that banks have an added layer of security when it comes to transactions, online bank transfer has been around long enough to gain trust and credibility, making it one of the most used banking methods.
Most, if not all, online casinos accept online bank transfers. So once you’ve identified the casino that you want to play at, head to the cashier page then select deposit. Next, select bank transfer as the payment method option you want to use, enter the amount you want to deposit, and fill your bank details.
You might go through a transaction verification process and this involves submitting a one-time password or code that you will receive via SMS, if this is a security feature your bank has. Finally, funds are transferred from your bank account to your casino account. How long the money will take to reflect in your casino account will vary depending on your bank and the country you are transacting from and to. It could be almost instant or take anywhere between 3 to 5 days.
Once you are ready to cash out your winnings, the process is straightforward. Visit the cashier page at your preferred gambling destination then select withdraw. Now, it’s time to enter how much of your winnings you want to transfer from your casino account to your bank account, fill in any other banking details required, confirm the transaction, and wait for the casino to process and release the funds to you.
Most of the information will have already been captured since you will be using the same payment method as the one used during your deposit. Consequently, they’ll be pre-populated giving you an easy time.
Remember to have your identification documents like ID, utility bills, and bank statements with you as you might be asked to verify your account and confirm your identity before the funds are released.
Online bank transfer as a payment method does not have deposit or withdrawal limits. However, casinos have varying limits as to how much you can deposit and withdraw using online bank transfer. For most casinos, this method has some of the highest limits, allowing you to make both small and large transactions depending on whether you are a regular player or a high roller.
Some online casinos will cap their online bank transfer deposit limits at a minimum of €20 and a maximum of €100,000, while others will have different limits. Always check the deposit and withdrawal terms of the casino first to be certain.
Similar to transaction limits, fees and charges will also vary from one casino to the next. Some online casinos will allow you to do an online bank transfer for free while others will charge you. On the other hand, banks will charge you a transaction fee and the specific amount will also vary from one bank to the next.
Online bank transfer is one of the most trusted methods by casinos and therefore using it will allow you to access and claim most of the bonuses and promotions running at the site as long as you meet the terms and conditions associated with them. From welcome bonuses, reload bonuses, cashback on losses, free games, free spins, to a variety of special offers, you’ll have the chance to boost your bankroll.