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Skandiabanken – Payments at Online Casinos
Skandiabanken is a bank that operates mainly in Scandinavian countries as well as in Iceland. However, the bank was bought by another leading bank in the region known as Länsförsäkringar, thereby solidifying its grip on the market. Players can use EFT or credit/debit cards to transfer funds. The latter is faster and more convenient. However, punters looking to transfer huge amounts of cash can use the former, which is the better choice. In this article, we take a look at how you can transact between your bank and casino account using both methods.
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More information about Skandiabanken – Payments at Online Casinos
You can use Skandiabanken EFT along with different cards to deposit funds to your preferred online casino account. Let’s start with Electronic Funds Transfer (EFT). This method is convenient when transacting huge amounts but slow. If you are a high-roller, head to the cashier page of an online casino that accepts payments from this bank. Click on the deposit option and from the list of options presented, choose wire transfer or Trustly. A list of supported banks will appear. Choose Skandiabanken to proceed.
A pop-up window will load the bank’s online banking portal. First, you will need to enter your personal identity number. Enter the deposit amount and authorize the transaction using BankID.
If you choose to use a credit/debit card, choose a suitable card issuer from the list of deposit methods. Enter the card number, expiry date, and CVV code to proceed. Don’t forget to specify the deposit amount. Once everything’s in order, initiate the transaction and wait for the funds to reflect in your casino balance.
Withdrawing to your Skandiabanken account is just as simple as depositing. From the list of cash-out options, choose your preferred card issuer. This will prompt you to provide details about the card including the expiry date, CVC code, and card number. Enter the amount you wish to withdraw and click on the withdraw button.
If you choose to withdraw via wire transfer, choose this option from the listed withdrawal options. Details such as your account number or IBAN/SWIFT code may be required. After providing the necessary details, enter the amount you wish to withdraw and hit the withdraw button. Note that withdrawals using either method may take between three and seven business days depending on the casino’s pending period. However, by using Trustly to withdraw your winnings, you can expect almost instant withdrawals to your Scandiabanken account.
You won’t need to verify this payment method as long you completed due diligence when opening your bank account. However, you may need to do so for your first-time withdrawal from the casino. Nothing too difficult though. You will be required to provide your national ID card as proof of identity and a utility bill/bank statement as proof of address.
Punters, especially high-rollers, will be happy to know there are no limits on transactions. At least on Skandiabanken’s end. However, your casino is bound to impose limits on daily, weekly, and monthly transactions. Other operators even have limits on how much you can transact at a given time. Therefore, you want to go through the terms and conditions to avoid disappointments.
When it comes to the fees, players can rest easy because Skandiabanken doesn’t impose fees for this kind of transfer. However, there are certain online casinos that charge a fee when withdrawing funds using wire transfer. Therefore, you want to check the banking page for more information.
Bonuses are crucial when it comes to marketing online gambling platforms. Most of the time, these bonuses come as a result of using a certain payment method. Thankfully, there are plenty of online operators that offer Skandiabanken bonuses (depending on your country of residence). Among the bonuses available, players within some jurisdictions can expect to enjoy include free spins, cash bonuses and loyalty rewards.