Bank Account Transfer Online Casinos
- Top Bank Account Transfer Casinos Ranked by Trustpilot Rating
- Comparison of Top Bank Account Transfer Casino Sites
- Top 12 Online Casinos for Bank Account Transfers
- How Bank Account Transfers Function
- Opening a Bank Account
- Depositing to Your Casino Balance
- Withdrawing from Your Casino Balance
- Bank Account Transfers Cost and Fees
- Security and Privacy
- Advantages of Bank Account Transfers
- Disadvantages of Bank Account Transfers
- Conclusion
Below you can find our expert reviews of reputable and regulated casino sites that accept deposits with Bank account transfer. Each casino site was thoroughly tested and verified by our team.
Bank transfers are among the most widely used and secure transaction methods that allow people to send money from one account holder to another and make online payments anywhere in the world. Most online casinos accept this solution as a primary deposit and withdrawal option. Bank account transfers are considered safe because they are subject to strict verification requirements that aim to prevent fraud, money laundering, and misuse of personal information.
What is interesting about this method of funding one’s online gambling activity is that its main advantage, utmost security, is inextricably related to its main drawback – quite lengthy withdrawal times. The present article will provide you with an in-depth review of these and other aspects of using bank transfers to deposit into and withdraw from your online casino account. Furthermore, you can familiarize yourself with our selection of reputable virtual casinos that have proven to offer a fair and legitimate gaming environment.
Top Bank Account Transfer Casinos Ranked by Trustpilot Rating
Sportsbook | Reviews | Rating |
---|---|---|
Golden Tiger Casino | 2,586 | 4.3 ⭐ |
Luxury Casino | 4,319 | 4.3 ⭐ |
BitStarz Casino | 4,618 | 4.3 ⭐ |
Playamo Casino | 271 | 4.0 ⭐ |
Casino Action | 2 | 3.8 ⭐ |
Sun Palace | 1 | 3.4 ⭐ |
Videoslots | 1377 | 2.2 ⭐ |
PlayOJO Casino | 14,485 | 2.1 ⭐ |
Mr Green Casino | 4,415 | 1.5 ⭐ |
888casino | 2,564 | 1.4 ⭐ |
bet365 Casino | 5,888 | 1.3 ⭐ |
Betway Casino | 17,754 | 1.3 ⭐ |
Comparison of Top Bank Account Transfer Casino Sites
Brand | Launch Year | Min Deposit | Min Withdrawal | Withdrawal Time | Base Currencies | Languages | Range of Games | RTP |
---|---|---|---|---|---|---|---|---|
Videoslots | 2011 | $/€10 | $/€20 | Bank Transfer: Up to 5 days; eWallets: up to 15 minutes | EUR, BRL, CAD, DKK, GBP, JPY, NZD, SEK, USD | English, Italian, Dutch,Spanish, Swedish, Danish, German, Finnish | 12,900+ | Publishes RTPs of individual games |
Casino Action | 2002 | $10 | Direct Bank Transfer: $300; Other Methods: $50 | Cards: up to 3 days; Bank Transfers: up to 5 days; eWallets and other methods: 1 to 3 days | USD, EUR, GBP, NZD, CAD | English, German, Spanish, Finnish, French, Portuguese, Danish, Russian | 1,000+ | 95.74% / eCOGRA |
Golden Tiger Casino | 2000 | $10 | Direct Bank Transfer: $300; Other Methods: $50 | Cards: up to 3 days; Bank transfers: 6 to 10 days; E-wallets: 1 to 3 days; CAD EFT/ECheck (Canada only) - 2 to 3 working days | EUR, USD, GBP, CAD, NZD | English, German, French | 1200+ | 95.94% / eCOGRA |
Luxury Casino | 2001 | $10 | $50 | Cards: up to 3 business days; Bank Transfers: 6-10 business days; E-wallets: 1-3 business days | USD, GBP, EUR, CAD, NZD, BRL | English, German, French | 1100+ | 95.84% (All Games): eCOGRA Payout Percentage Report |
bet365 Casino | 2000 | $10 / €5 | $10 / €5 | Cards: 1-4 hours; Apple Pay - instant; E-Wallets: 1 to 4 hours; Wire Transfers - 1-2 days | EUR, USD, GBP, BGN, ARS, BRL, DKK, SEK,CHF, CZK, ISK, JPY, PLN, RON, SEK, MXN,NZD, CAD | English, Bulgarian, Danish, Swedish, Czech, Polish, Dutch,French, German, Spanish, Estonian,Greek, Hungarian, Italian, Japanese,Norwegian, Portuguese,Romanian, Russian, Slovak | 1,000+ | 96.26% / eCOGRA |
888casino | 1997 | $/€10 | $/€10 | Bank cards: up to 8 days; Bank Transfers: 5 to 8 banking days; E-wallets: 4 to 5 banking days; Rapid transfer: 4 to 5 days | USD, GBP, EUR, CAD | English, Spanish, German, French, Portuguese, Swedish, Finnish, Italian, Romanian, Danish | 3,600+ | 96.26% |
Playamo Casino | 2016 | $10/€20/C$20; 0.0001 BTC | $/€10 - cards, e-Wallets; C$100 - Interac; €500 - Bank Transfer; 0.0001 BTC - Bitcoin | Most payment methods - Instant; VISA, Mastercard, Interac - 1-3 banking days; Bank Transfers - 1 - 5 banking days | USD, EUR, AUD, CAD, NOK, NZD, HUF, JPY, BRL, INR, ZAR, BTC, BCH, USDT, LTC, ETH, DOGE | English, Arabic, German, Finnish, French, Italian, Spanish, Chinese | 15,000+ | 95.74% |
PlayOJO Casino | 2017 | $/€5 | No minimum (withdrawals below $/€5 may be sent by check) | Bank Cards - 1-3 days; E-wallets - Instant; Trustly - Instant; Bank Transfers - 1-3 days | AUD, CAD, CHF, DKK, EUR, GBP, USD, NOK, SEK, RUB, NZD, ZAR | English, Norwegian, French, Finnish, German | 7,000+ | 97%/ iTechLabs |
Betway Casino | 2006 | $10 | $10 | Bank cards, Bank transfers - 2 to 3 business days; E-wallets - 1 business day | EUR, USD, CAD, GBP | English, German, Norwegian, French, Spanish, Italian, Portuguese, Japanese | 450+ | 98% on average |
Sun Palace | 2002 | Bitcoin: $20; Cards: $25; Gift Cards: $35; Neteller: $10; Other Methods: $20 | Direct payout via ACH, Check by Mail, Bitcoin: $150; Check by Courier: $400 | Crypto: 24 hours; Bank Transfers: Up to 12 days; Checks: Up to 28 days | USD | English | 200+ | Technical Systems |
BitStarz Casino | 2014 | Bank cards, eWallets, Paysafecard: €20; Bitcoin: 0.0001 BTC | Bank transfer, eWallets, Bitcoin: $/€50 | Bank Transfer: 3 to 14 days; Other Methods: Instant | EUR, USD, CAD, AUD, NZD, JPY, PLN, RUB, NOK, BTC, LTC, BCH, ETH, RPL, DOGE, ADA, BNB, TRX, USDT | English, Japanese, Chinese, Russian | 6,800+ | 98.20% |
Mr Green Casino | 2007 | $/€10 | $/€30 | Credit Card - 1-5 working days; Bank Transfer - 1-5 working days; Skrill - instant or up to 2 days, Other Digital Wallets - instant or up to 2 hours; Paysafecard - instant (up to 2 hours) | EUR, SEK, GBP, CAD, DKK, USD | English, German, French, Spanish, Finnish | 2,000+ | 94-97% |
Top 12 Online Casinos for Bank Account Transfers
We are now pleased to bring to your attention 12 reputable online gambling operators whose cashiers include bank account transfers.
Videoslots
Bet NowLicensesMalta Gaming Authority (MGA/CRP/258/2014)UK Gambling Commission (039380-R-319311-032)Danish Gambling Authority (DGA)Swedish Gambling Authority (SGA)Spain's Directorate General for the Regulation of Gambling (DGOJ)Alcohol and Gaming Commission of Ontario (AGCO)Min Deposit$/€10Min Withdrawal$/€20Withdrawal TimeBank Transfer: Up to 5 days; eWallets: up to 15 minutesDeposit MethodsSponsorshipsN/AContact Details- Highly ranked casino operator
- Regulated by several authority bodies
- Massive gaming library, including 12,000+ titles
- Long list of supported payment solutions
- Mini, Major, and Mega jackpots
- Customer support by live chat, email, and phone
Videoslots is a reputable online casino operator that has gained recognition in the industry as a result of its diverse gaming library, various promotional offers, and fair conditions, certified by the MGA, UKGC, SGA, and a few other European regulatory institutions. Avid gamblers just love to spend their time with this platform as it gives them a chance to play thousands of exciting games provided by more than 200 software developers.
The list of supported payment methods is among the longest in the industry, with bank transfers, credit/debit cards, and e-wallets being just a part of the options. Players are entitled to make one free withdrawal per day, every next one comes with a $2.5 transaction fee. Bank transfers, however, are free of charge, regardless of the number of cashouts per day.
Casino Action
Min Deposit$10Min WithdrawalDirect Bank Transfer: $300; Other Methods: $50Withdrawal TimeCards: up to 3 days; Bank Transfers: up to 5 days; eWallets and other methods: 1 to 3 daysDeposit MethodsSponsorshipsN/AContact Details- Well-established online casino, holding licenses from reputable gambling regulators
- Mobile play across iOS and Android devices
- Lucrative sign-up bonus, up to $1,250 in match bonuses
- High-quality games by Microgaming
- Fast and reliable payment methods
- 24/7 customer support
Casino Action is a respected member of the Casino Rewards family, with over 20 years of experience in the iGaming market. Just like its sister websites, this platform primarily offers games developed by Microgaming, a brand that requires no introduction, as it is a pioneer in the industry. Casino Action’s gaming portfolio is distributed between Slots, Blackjack, Baccarat, Roulette, and Video Poker categories, with the first one making up the majority of the collection.
Account registration is fast and simple, allowing you to top up your balance and start playing right away. Casino players can choose between Visa, Mastercard, Maestro, Skrill, Neteller, bank account transfers, etc. New members are greeted with a generous Welcome Bonus spread across their first five deposits, while the Casino Rewards VIP Program adds even more value for loyal players.
Golden Tiger Casino
Min Deposit$10Min WithdrawalDirect Bank Transfer: $300; Other Methods: $50Withdrawal TimeCards: up to 3 days; Bank transfers: 6 to 10 days; E-wallets: 1 to 3 days; CAD EFT/ECheck (Canada only) - 2 to 3 working daysDeposit MethodsSponsorshipsN/AContact Details- Well-selected online casino games
- Lucrative bonus scheme, up to $1,500 spread across the first five deposits
- Highest Win Rate Guarantee™
- Fast deposit transactions
- User-friendly web layout
- Multi-channel customer support
Golden Tiger Casino is among the most recognizable brands in the online gambling scene. For more than 20 years now, the platform has been impressing players with the high quality of the offered games (courtesy of Microgaming) and fast customer support service. The casino’s gaming library accommodates over 1,200 titles, most of which are in the Slots category. With an average payout rate of 95.85%, as certified by eCOGRA, players enjoy a fair chance of boosting their bankroll.
In terms of deposit and withdrawal methods, the options are equally appealing. The only absent type of payment service is cryptocurrencies. Transactions can be executed via bank transfers, digital wallets, online banking solutions, and credit and debit cards. Additionally, several local payment services are supported, further enhancing convenience.
Luxury Casino
Min Deposit$10Min Withdrawal$50Withdrawal TimeCards: up to 3 business days; Bank Transfers: 6-10 business days; E-wallets: 1-3 business daysDeposit MethodsSponsorshipsN/AContact Details- Portfolio powered by Microgaming
- Supports various payment methods
- Tempting welcome bonus package
- Strict security measures
- Customer support is available 24/7
- Licensed by the Kahnawake Gaming Commission
Established in 2001 and operated by Apollo Entertainment Limited, Luxury Casino is part of the well-known Casino Rewards group. It is a suitable option for those gambling enthusiasts who are in search of a trustworthy, properly regulated mobile-friendly platform. While the game library is not the largest, it is carefully curated to appeal to both fans of classic 3-reel slots and players who prefer modern themes with advanced graphics. The platform performs equally well on desktop computers and portable devices, allowing users can play whenever and wherever they want.
Luxury Casino is proud of its quick and efficient payment processing, providing its patrons with simple, secure, and dependable money transfers. There is a 48-hour pending period for withdrawals, after which you can expect your accumulated winnings in 1 to 3 business days on average.
bet365 Casino
Bet NowLicensesMalta Gaming Authority (MGA/CRP/531/2018)Alcohol and Gaming Commission of Ontario (AGCO)UK Gambling Commission (055149-R-331499-002)Swedish Gambling Authority (SGA)Estonian Tax and Customs Board (60573690)Danish Gambling Authority (DGA)Dutch Gambling Authority (C66039)Gibraltar Gambling Commissioner (GGC)Min Deposit$10 / €5Min Withdrawal$10 / €5Withdrawal TimeCards: 1-4 hours; Apple Pay - instant; E-Wallets: 1 to 4 hours; Wire Transfers - 1-2 daysDeposit MethodsSponsorshipsN/AContact Details- Holds multiple international licenses, ensuring a safe and trustworthy gambling environment
- Massive selection of casino games, spanning slots, table games, live dealer shows, and exclusive titles
- Long list of supported payment methods
- Impressive range of jackpot titles
- Enticing bonuses and promotions
- Prompt customer support
Bet365 Casino is a part of one of the largest online gaming platforms, offering both sports betting and casino games. The operator boasts of having an abundance of avid users located all over the world who are having a great time playing slots, video poker, and table games. Players who are risk-hungry are invited to visit the Jackpots section, try their luck, and eventually add life-changing amounts to their wallets. Live dealer games add to the excitement of casino users.
In terms of transaction execution, bet365 strives to provide its customers with the maximum level of convenience. Casino fans can top up their balances via a broad selection of payment solutions tailored to the specifics of each accepted country. Among the universally used banking methods, we find Visa, Mastercard, Paysafecard, several eWallet brands, and bank account transfers.
888casino
Bet NowLicenses• The Alcohol and Gaming Commission of Ontario (AGCO) • The Danish Gambling Authority (DGA) • The Government of Gibraltar (112 and 113) • The Malta Gaming Authority (MGA/CRP/543/2018) • The Spain Directorate General for Regulation of Gambling (DGOJ) • The Swedish Gambling Authority (SGA) • The UK Gambling Commission (39028)Min Deposit$/€10Min Withdrawal$/€10Withdrawal TimeBank cards: up to 8 days; Bank Transfers: 5 to 8 banking days; E-wallets: 4 to 5 banking days; Rapid transfer: 4 to 5 daysDeposit MethodsSponsorshipsN/AContact Details- Licensed by multiple regulatory institutions
- Globally represented client base
- Long list of supported payment solutions
- High maximum withdrawal limit
- Lots of jackpot casino games
- Promotions tailored to the specifics of different markets
888casino has been in the industry from the very onset of online gambling and logically it is among the most famous and respected brands. Although it is one of the oldest platforms today, it offers a completely modern service both for desktop and on-the-go wagering. Mobile players can either use the in-browser app or download the dedicated application for Android and iOS devices.
This is probably the gambling platform that supports the largest number of local payment services – Instadebit, iDebit, OXXO, PurplePay, PIX, and others. Of course, you can also use bank transfers, digital wallets, and debit and credit cards. As payment methods vary by country, the exact availability becomes clear after logging in to one’s account and heading to the cashier section.
Playamo Casino
Min Deposit$10/€20/C$20; 0.0001 BTCMin Withdrawal$/€10 - cards, e-Wallets; C$100 - Interac; €500 - Bank Transfer; 0.0001 BTC - BitcoinWithdrawal TimeMost payment methods - Instant; VISA, Mastercard, Interac - 1-3 banking days; Bank Transfers - 1 - 5 banking daysDeposit MethodsSponsorshipsN/AContact Details- Available in 20+ languages
- Titles provided by 93 gaming software developers
- Beautiful and easy-to-navigate layout
- Customer support is available 24/7
- Lucrative deposit bonuses
- Quite a few restricted countries
Playamo casino is well-known for its attractive and user-friendly website design, as well as its large selection of games (3,500+ titles) powered by top-tier iGaming developers. Furthermore, the platform supports many trusted deposit and withdrawal methods capable of satisfying gamblers from every corner of the world. The options include, but are not limited to, Visa, Mastercard, Skrill, Neteller, ecoPayz, Astropay, Bitcoin, and bank account transfers.
Apart from the other bonuses and promotions, there is a VIP Club reserved for the most devoted users of the casino. In short, this special rewards program gives enticing prizes on the basis of points accumulated by players. The gaming library is powered by 100 software providers, which means it is as diverse as possible.
PlayOJO Casino
Min Deposit$/€5Min WithdrawalNo minimum (withdrawals below $/€5 may be sent by check)Withdrawal TimeBank Cards - 1-3 days; E-wallets - Instant; Trustly - Instant; Bank Transfers - 1-3 daysDeposit MethodsSponsorshipsN/AContact Details- No wagering requirements
- Abundance of exciting casino games
- Decent selection of payment methods
- Various promotional incentives
- Easy-to-navigate web layout
- Very good live dealer section
PlayOJO is currently one of the most entertaining online casinos. This is due to a number of factors, including its fresh and user-friendly design, the large selection of great casino games, and quite a few lucrative bonus offers. The casino is well-known for its ‘no wagering requirements’ rule, whereby players get their winnings in cash. The platform is available in English, German, Finnish, Norwegian, and French, which makes it accessible to lots of avid gambling enthusiasts around the world. This award-winning operator holds licenses from the MGA and the UKGC and applies strict security measures, so you have no reason to worry about the safety of your funds and personal information.
Customers of PlayOJO Casino can fund their accounts via Visa, Mastercard, PayPal, Trustly, Apple Pay, bank account transfers, etc., with the minimum deposit amount being $5 or equivalent in another accepted currency.
Betway Casino
Bet NowLicensesIreland Revenue Commissioners (#1017375) Italian Customs and Monopolies Agency (#152116) Malta Gaming Authority (#MGA/B2C/130/2006) UK Gambling Commission (#39372)Min Deposit$10Min Withdrawal$10Withdrawal TimeBank cards, Bank transfers - 2 to 3 business days; E-wallets - 1 business dayDeposit MethodsSponsorshipsN/AContact Details- Experienced online casino operator
- Accepts US casino players
- Excellent live dealer section
- Lucrative bonuses and promotions
- Dedicated Android and iOS apps
- Protects sensitive data by SSL encryption
Betway Casino has been a major player in the online gaming scene since 2006. The brand is known around the world as one of the most respected online gambling platforms, providing players from different nationalities with a diverse portfolio of over 450 game titles. The New Games Tournament, Betway Exclusives, Progressive Jackpots, and Drops and Wins are highlights in the gaming catalog, all designed to keep gameplay exciting. In addition to the desktop and in-browser versions of Betway, gamblers can also use the casino’s mobile application, which is available for download from Google Play.
When it comes to setting up their casino balance, players have several convenient payment options to choose from, including bank account transfers. If your account is fully verified, you can expect to access your winnings within two days. However, if the withdrawal request has been made during the weekend, that period may be extended.
Sun Palace
Min DepositBitcoin: $20; Cards: $25; Gift Cards: $35; Neteller: $10; Other Methods: $20Min WithdrawalDirect payout via ACH, Check by Mail, Bitcoin: $150; Check by Courier: $400Withdrawal TimeCrypto: 24 hours; Bank Transfers: Up to 12 days; Checks: Up to 28 daysDeposit MethodsSponsorshipsN/AContact Details- Over 20 years of experience
- Downloadable casino software
- Extensive promotional program
- 24/7 customer support service
- Several jackpot games
- Transaction limits depend on account level
Sun Palace Casino was launched in 2002 and appears to provide gamblers with an excellent selection of Realtime Gaming titles. The platform caters to a global audience, with a special emphasis on Australia, Canada, and the United States. We are pleased to report that if there are any flaws in the casino’s operation, they are not related to the availability of bonuses and promotions. These are available to both newly registered users and existing players who enjoy their favorite casino games on a regular basis.
The list of supported payment solutions is relatively short compared to the one of other online casinos. All gambling enthusiasts have at their disposal are credit and debit cards, bank transfers, cryptocurrencies, and checks (for withdrawals only).
BitStarz Casino
Min DepositBank cards, eWallets, Paysafecard: €20; Bitcoin: 0.0001 BTCMin WithdrawalBank transfer, eWallets, Bitcoin: $/€50Withdrawal TimeBank Transfer: 3 to 14 days; Other Methods: InstantDeposit MethodsSponsorshipsN/AContact Details- High-ranked gambling platform
- Wide selection of payment methods
- VIP Starz Club
- Well-organized gaming library
- Available in 5 languages
- Round-the-clock customer support
BitStarz is an online casino that allows its customers to fund their gaming experience using a variety of cryptocurrencies in addition to bank transfers, e-wallets, and credit and debit cards. The brand stands out from the crowd thanks to the transaction speed it guarantees. Card and bank account withdrawals take 3 business days on average, while most other solutions are instant.
BitStarz has collaborated with some of the world’s best software studios, including Pragmatic Play, Nolimit City, Betsoft Gaming, NetEnt, Play’n GO, Spinomenal, Evolution Gaming, and others. Thanks to the casino’s superb mobile version, most games can be played while on the go, which is well-perceived by today’s demanding casino fans. Last but not least, being a member of the VIP Starz Club ensures better bonuses, dedicated support, unrestricted cashouts, and early access to new games, among other perks.
Mr Green Casino
Bet NowLicensesUK Gambling Commission (UKGC) Ireland’s Revenue Commissioner (#1011600) MGA (#MGA/CRP/121/2006) Danish Gambling Authority (#18-0457046) Swedish Gambling Authority (SGA)Min Deposit$/€10Min Withdrawal$/€30Withdrawal TimeCredit Card - 1-5 working days; Bank Transfer - 1-5 working days; Skrill - instant or up to 2 days, Other Digital Wallets - instant or up to 2 hours; Paysafecard - instant (up to 2 hours)Deposit MethodsSponsorshipsN/AContact Details- Strongly licensed online casino
- Mr Green exclusive casino games
- Qualitative live dealer section
- Dedicated Android and iOS mobile apps
- Few transaction methods
- Attractive promotional incentives
Mr Green is an outstanding online gambling platform which has come a long way since its founding as a small casino aimed at the Swedish market. Nowadays, it is one of the most recognizable brands due to its distinctive layout and selection of exclusive casino games. Mr Green’s portfolio encompasses high-quality titles in the Slots, Roulette, Blackjack, and Keno categories in addition to a live dealer section powered by Evolution Gaming and Pragmatic Play.
Unlike most of its competitors, Mr Green supports quite a modest selection of payment solutions. The only alternatives to bank account transfers and credit/debit cards are Skrill and Neteller supported by ClickandBuy. The minimum you can top up your balance with is $10 while no maximum withdrawal limit has been specified.
How Bank Account Transfers Function
Gambling enthusiasts who want to top up their casino account using this payment method should be aware that they have two options. The first one is to go to the bank where they hold an account and arrange the payment in person. Because of its time-consuming and inconvenient nature, this option is becoming less and less popular in today’s fast-paced digital environment.
Wire transfers, which are the second option, are far more practical as they allow virtual players to use their online banking to make deposits and request withdrawals from the comfort of their current location. When you send a bank wire, you are instructing that money be transferred from your account to the casino’s. The transaction is handled by the bank, and the order is usually processed within two business days, if not sooner. The reverse transaction is essentially the same but takes longer due to the verification procedures of the relevant gambling operator.
Video Explaining How to Use Bank Account Transfers
Opening a Bank Account
You can set up the account online or at a branch if the bank has a physical location in your city. Whether you are registering a checking account, a savings account, or both, the information you will be asked to provide will be similar. In fact, the only thing you must carry with you if you go to a bank office is a valid photo ID. An employee will make a copy of it and enter the necessary data into the system. Be ready to provide some additional contact information such as phone number and email address. Depending on the country you live in, you may also be obliged to show your social security number, taxpayer identification number, or another document.
If you have settled on an innovative bank, and today most are, you will be able to open an account entirely online. It is good to have the above-mentioned documents in electronic version (scanned for example) so that you can quickly and easily attach them to your application. While the procedure may vary from institution to institution, the basic steps are as follows:
- Go to the bank’s website.
- Choose the type of account you need to open.
- Fill out the required application
- Agree for the bank to collect some information.
- Attach all necessary documents.
- Wait for approval and make your first deposit.
After you have set up and funded your bank account, you are ready to start making transactions online. Read on to find out how to conduct casino deposits and withdrawals.
Depositing to Your Casino Balance
When you are in the deposit section of your cashier, choose bank transfer as your payment method, enter the amount you wish to deposit, and enter your bank account information. Some online casinos ask you to save the data so you do not have to enter all the information every time you send money to your balance. If your bank has this security feature, you may be required to submit a one-time password or code that you will receive via SMS as part of the transaction verification process.
All you have to do after you confirm the payment is waiting for the transaction to pass. This can take 2 – 3 business days depending on your bank and country of residence. There is no precise time frame, however, and it could also take no more than 24 hours.
Withdrawing from Your Casino Balance
Go to your preferred gambling site’s cashier page and select withdraw. The next step is to indicate how much from your current balance you want to transfer to the bank account. Before that, familiarize yourself with the operator’s financial policy so that you comply with the minimum and maximum transaction limits.
Next, fill in any required banking information, confirm the transaction, and wait for the online casino to process and send the money to you. Since you must use the same payment method as you did for your deposit, most of the information will have already been recorded. As a result, some data will be pre-populated, thus making the cashout procedure really straightforward. Depending on the operator’s withdrawal policy, transfers need between 5 and 10 days to reach your bank account.
Bank Account Transfers Cost and Fees
Another factor to consider is both your and the casino’s geographical location. If the jurisdiction of the gambling platform is in another country, the cost of a bank transfer will most probably be higher than if it is located in your current country of residence. In addition to being subject to higher transaction fees, international transfers tend to take longer to complete. This can be quite annoying especially given that transaction times are lengthy anyway.
Generally, online gaming platforms do not impose fees for bank account-powered deposits to their users’ casino balances. However, the same cannot be said for withdrawals. Some casinos absorb the cost of cashing out, while others may impose a withdrawal fee, often only if the amount exceeds a certain threshold. Because there is no universal rule regarding fees for bank transfers in online gambling, it is important to review each casino’s financial policy individually before committing to the payment method.
Security and Privacy
The fewer entities involved in the money transfer, the fewer chances for mistakes, theft, or other abuse. In the case of bank transfers, the funds go directly from your personal account to the casino balance without third parties mediating the operation. Given the fact that banks are among the institutions with the strictest security measures, what remains for you to do is choose a licensed gambling platform that has implemented all the required technical and procedural tools to protect its users.
Anonymity, on the other hand, is a different story. When casino players make bank wire payments, they must enter their names and banking information. Also, if luck is on your side and you have winnings to withdraw, there is no way to hide the origin of the money, as the gambling operator’s name will appear on the relevant financial statement. This may or may not be a problem depending on the laws of your country of residence or the respective bank’s policies.
If anonymity is among the priorities when it comes to your online casino experience, then you should definitely turn to another payment method. However, we advise you to weigh the pros and cons of bank transfers very carefully. You can read more about them in the following paragraphs of this article.
Related Banking Methods
Advantages of Bank Account Transfers
- Outstanding safety and security – There is no way not to begin with this issue. Bank account transfers provide extremely safe web payments for gamblers because transactions are secured between their bank and the operator. As a result of the strict security measures from both sides, third parties are very unlikely to interfere with your casino deposit or withdrawal.
- Larger Transfer Amounts – Bank wires enable gambling enthusiasts to transact larger sums than any other payment solution on the market. In most cases, prepaid vouchers and electronic wallets can only manage a few thousand dollars at a time. Bank account transfers seem like the perfect option for high-rollers as they allow for transaction values of $50,000 or even more.
- Better promotional offers – The larger the deposit, the more lucrative bonuses and other perks you can expect to receive. This applies to the greatest extent to VIP/Loyalty programs and clubs, where moving to a higher level depends on the number of accumulated comp points.
- Remarkably wide availability – Bank account transfers are the traditional method of sending and receiving money. It is for this reason that users of various locations and social status are familiar with the payment process. Furthermore, there are almost no casino websites that do not accept bank wires.
- Both deposits and withdrawals – Not all payment solutions enable sending as well as receiving cash from online casinos but bank account transfers do. This adds to the convenience of players since they do not have to memorize more than one account credentials. Furthermore, tracking one’s funds flow is far easier this way.
Disadvantages of Bank Account Transfers
- Prolonged processing times – One cannot help but notice that bank transfers take the most time compared to all other casino payment solutions. When we consider cryptos or prepaid voucher deposits, which require minutes or even seconds to place money in your gambling balance, five or more days for a bank account transaction sound absurd.
- Sizeable cost and fees – Both deposits and withdrawals from gambling balances are usually subject to transaction fees. The difference is that in one case they are withheld by the bank, while in the other, the casino is more often involved. What is more, bank institutions also charge maintenance fees which is rarely the case with e-wallets for example.
- High minimum transaction limits – We have already discussed why bank transfers are a good option for high-level players, but if you are a recreational gambler, this method might not be for you. Casinos either do not allow the transfer of small amounts via bank account transactions, or the fee you will be charged makes the operation pointless.
Conclusion
Given this casino payment method’s undeniable reliability and safety, we believe that many gambling enthusiasts would be willing to put up with the associated costs in the form of transaction and maintenance fees. The higher speed of most of the other services in the field will sooner or later tip the scales in their direction.