A bank transfer allows the user, in this case, the online slots players to transfer funds directly from their current/checking accounts to their gambling accounts in a matter of few seconds. You can take it as payment of a bill; the money will basically go right to your casino account without the usage of a credit or debit card.
With online banking being so popular in today’s world, bank wires are a common player’s solution to transferring money. However, there are many drawbacks to it such as the fees associated with it, the amount of time it takes to process and the high deposit minimums. If you don’t want to use your credit or debit card, however, it can be a great way of funding your slots play with help of bank transfer.
At a glance, you will notice the benefits it has to offer. These include:
· Transferring of funds straight from your bank account without a card
· Free fee for UK deposits
· Top-end online security
It also has setbacks which include;
- Withdrawals can take a week or longer
- Players must have online banking
- Fees usually apply when making withdrawals
The typical deposit time is 2-10 business days. Same goes for the withdrawal time. How it works is you have to go to the casino cashier where you select the Bank Wire/Bank Transfer option, and take a note of the casino’s bank account details (Swift Code, Account Number, IBAN Number, Bank Address, etc).
Completing the transaction would require you to log in to your bank account online, and sending a cash payment to the casino. This is why you have to make sure you choose a safe, trustworthy platform so you bank information is not at risk. You might also have to go through the additional process of setting up a new recipient in your online banking address book. This can take some time to process.
After you are done with the process, you have to confirm that your casino username is in the ‘reference’ so the funds end up in the intended account. In a matter of few days, your funds will show up in your gambling account.
Bank transfers have been with us ever since the innovation of the first iGaming destinations. All gambling operators reside under the category of instant bank transfer casino sites and this has remained same overtime. Even though this method is a bit outdated, it still reaps many benefits which only proof its relevancy. Therefore this bank transfer casinos seem to be preferred by users who are looking for safe and big transactions.
Quick casino bank transfers allow online players to send and receive high amounts of funds at a given time. Such transactions must however be authorized which means that the third parties cannot access them. Therefore even with the cons like processing time and fee, the direct bank transfer online casinos is still a popular choice for people. They are especially valued by high rollers, who usually transfer large amounts of cash to and from their casino accounts. Keep reading below if you want to learn more about bank transfer as a preferred payment method in the top legal online casinos by CasinoHEX.at. We have divided the information in the following topics:
- Bank transfer casinos in general
- How to make fast bank transfers to and from secure online casinos
- What are the main features of casinos that accept bank transfers
- The most commonly asked questions regarding this payment method
Using a Wire Transfer to Add Funds at Online Casinos
It is comparatively easier to find online casinos that will accept a bank wire. It is by nature just the electronic transfer of funds from one account to another. This can be carried out at locally or internationally. A lot of players prefer this payment method because it is direct. All you have to do is sign up for an eWallet. Your bank will handle the rest for you after you request for the transfer.
How Long Does It Take to Make a Wire Transfer?
Even though this payment method is quite fast, when it comes to the online casinos, it is not the case. At some locations, it can take about a few days or even weeks for your wire transfer to be processed and cleared. The rate of clearance has many factors, consisting of the locality and affiliation. You need to have a minimum and maximum limit for making a deposit. This also differs depending on the website you use.
The Information Required for Deposits
If you want to make a wire transfer, you will need the banking details of your online casino. You can locate these in the cashier section of the website. The information that is needed is the bank name, branch address, and account number. Additionally, you may have to provide a Swift code, a BIC, or an IBAN. The IBAN stands for ‘international bank account number’. This is an additional number that is specifically used for international transfers. At some location, the customer service team will be able to help with completion of the transfer process of whatever you win in the online game.
Wire Transfers and Withdrawals at Online Casinos
While there may be many options when it comes to online casinos, when it comes to withdrawals it’s a different case in itself. A lot of the payment methods like credit cards are unable to process this type of transaction. Therefore you might find that your preferred choice is not listed when you want to cash out your winnings, which is why you would have to go for a bank wire instead. Usually there is a minimum and maximum limit for withdrawing cash, but these can easily differ depending on the location. The clearance time matters a lot too, combined with the nature of the payment.
To conclude, if you are looking elsewhere for a transaction solution, this is the time you stop. The direct bank transfer may have its cons but they don’t outweigh the benefits it has to offer.