Bank transfers are a secure payment method for online casinos used by many players. This is one of the few deposit and withdrawal options accepted by nearly every casino, which makes it convenient and popular.
In the review below, you’ll learn all about bank transfer casinos and other important information, like how to make your first deposit.
Bank Transfer Review – Safety and Security
Bank transfers are among the most secure deposit and withdrawal methods accepted at online casinos. Occasionally, you’ll also hear this referred to as a wire transfer. Basically, bank transfers take the funds from your bank account and transfer them directly to the casinos.
Since this payment is coming from your bank, there’s a fair bit of security and encryption involved. Likewise, most casinos also use firewalls and SSL encryption to protect player data. This includes not only your funds but also information submitted as part of KYC.
Ultimately, you can be sure that any casino you find here has been thoroughly reviewed and is 100% safe.
|Did you know?|
|The term wire transfer began in the 19th century. Bank employees would send a message by telegraph (wire) to another bank to authorize payments.|
How to Use Bank Transfers at Online Casinos?
Thankfully bank transfers are quite simple to use, and there aren’t any complicated processes involved. Below, you’ll find more details about fees, deposits and withdrawals at bank transfer casinos.
Will I have to pay fees when using bank transfers at a casino?
Casinos themselves typically don’t charge any fees for a bank transfer. However, bank transfers can be a bit more expensive than other payment methods. For example, you may be looking at a fee of around $25 or more, depending on your bank. Typically, this method is used for depositing larger amounts of funds.
How to deposit and withdraw with bank transfers
First, let’s look at depositing. The process is pretty simple to carry out and there shouldn’t be any problems.
- Log in to your online casino account.
- Go to your profile/account page, then click deposit.
- Choose bank transfer from the available list of options.
- Enter the requested details into the required fields.
- Enter the amount you’re looking to deposit.
- Click deposit/confirm at the bottom to finish the payment.
For withdrawals, the initial part will be largely the same. First, go to your account page as before.
- From your account, click on withdrawal.
- Select bank transfer again.
- Enter the amount you want to cash out.
- Add in your bank details and any other information that’s requested.
- Click confirm/withdraw at the bottom.
|Did you know?|
|A bank transfer is among the most direct payment methods. Your deposit goes straight from your account to the casino with no other provider or service needed in between.|
Solutions to Common Problems you May Encounter With Bank Transfers at Online Casinos
While bank transfers tend to be very straightforward, occasionally, there may be some problems or questions you may have. Don’t forget that the casino FAQ is also a great source for more information.
- Why can’t I request a withdrawal?
Generally, bank transfers are one of the few withdrawal methods you can use, regardless of what you used to deposit. If you find yourself unable to withdraw, it’s probably because you still need to fulfill the wagering requirements at the casino. You can learn more about wagering on the terms and conditions page.
- It’s already been some time, and I still haven’t received my withdrawal
One of the main drawbacks of bank transfer is that it is slower than other payment options. So, it’s not unusual to wait up to five business days in order to receive your withdrawal. It still remains one of the best methods for cashing out larger amounts from online casinos, though.
|Did you know?|
|Most casinos want players to withdraw with the same method they used to deposit. This policy is mainly to help fight money laundering.|
Pros and Cons of Bank Transfers at Online Casinos
Let’s take a closer look at how bank transfers compare to other casino payments. We’ll start with some pros and cons and then go into a more in-depth discussion.
|Nearly all casinos accept it||Withdrawals can take longer than other methods|
|No need to register for new accounts or services||Some banks don’t want to accept casino funds|
|Bank transfers are a secure payment option|
Bank transfers vs. other payment methods
Security is probably the top concern for most players, and this is one of the strong points of bank transfers. It’s accepted at nearly every casino, and it’s convenient because you don’t need to create any new accounts or register for another service.
Contrast this with e-wallets for example and you can see the difference. Also, some popular e-wallets like Skrill and Neteller may even exclude you from bonuses. The only real drawback that comes with bank transfers is the longer wait for withdrawals, but at the same time, it’s one of the best ways to cash out larger sums.
|No new registration||✔||✔||✖||✖|
|Did you know?|
|Bank transfers are especially favored among high-rollers since it typically allows for larger deposits and withdrawals compared to other methods.|
Bank Transfers are a Reliable and Convenient Option for Casino Players
It’s pretty clear why a large number of online casino players prefer to use bank transfers. First, it’s convenient due to the fact it’s widely accepted, and no additional registrations are needed. This is also one of the preferred options for high-rollers as it generally allows for higher deposits and withdrawals.