Bank transfer is one of the most convenient and secure payment methods for transferring money from one account holder to another, anywhere in the world. You can use it to directly transfer money from your bank account to the casino of your choice to start playing real money games. Aside from the fact that banks provide 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 deposit and withdrawal methods.
How to Deposit With Online Bank Transfer
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 option, enter the amount you want to deposit, and fill in your bank details.
You might go through a transaction verification process which 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. The times it takes to reflect in your casino account will vary depending on your bank and the country you are transacting from and to. It could be instant or take anywhere between 3 to 5 days.
Also note that the bank transfer option might not simply be called bank transfer, as you might see the name and logo of the payment processor the casino is cooperating with for these money transfers. The most common one for UK players is the payment method Trustly.
How to Withdraw Through Bank Transfer
Once you are ready to cash out your winnings, the process is straightforward. Visit the Cashier page at your casino, and 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.
Verifying Your Bank Account
If you deposit or withdraw using a bank transfer, you might be asked to verify ownership of the bank account you’re using. This can easily be done by submitting a bank statement showing your name and bank account number. You can also often send the front of your payment card as proof of ownership, assuming the bank account number is printed on it.
In addition to a request to verify your payment method, you’re also likely to be asked to verify your identity and residential address. If that’s the case, you need to submit a government-issued ID to prove your identity. For proof of address, the bank statement you used proof of bank account ownership can also be used to verify your address.
Limits and Fees
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 to and from your account, regardless of the payment method. At most casinos, bank transfers have 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 a fee. On the other hand, banks will charge you a transaction fee, and the specific amount will vary from one bank to the next.
Online Bank Transfer Bonus at Online Casinos
Online bank transfer is one of the most trusted methods by casinos. 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 associated terms and conditions. From welcome bonuses, reload bonuses, cashback on losses, free games, and free spins, to a variety of special offers, you’ll have the chance to boost your bankroll when making your deposits with bank transfers.