Bank transfer also referred to as wire transfer is one of the widely used banking methods of electronic money transfer, It allows you to transfer money from one person to another, or to a particular entity. This payment method is accepted by numerous online casinos and it both merits and demerits. It is among the oldest method of transferring money, and we will be talking about it in detail in this comprehensive article. We will also talk about top online casinos that accept bank transfers. You can check 1001onlinecasino for the best online casinos that feature different kinds of impressive games.
Bank Transfer Procedure for Deposits and Withdrawals at Online Casinos
To use bank transfer to deposit at an online casino, you need to first sign in to your casino account. After that, you can go to the cashier section that is in your "My Account" menu. Here, you will proceed to click on the deposit button and choose bank transfer as your preferred deposit option. You will be prompted to input the amount you want to deposit after which you will be redirected to your bank app or internet banking page of your financial institution to complete the transaction. The beauty of bank transfer is that it is a safe and relatively fast payment method to use.
Some banks use One Time Password (OTP) technology to ensure that a particular transaction is originating from the legitimate owner of the bank account. In terms of processing speed, deposits are usually processed immediately by online casinos that accept bank transfer. And in most cases, no fee is charged on the part of the casino. However, your financial institution may deduct some fees for processing transfers. You may also be charged a currency conversion fee if you are making a transaction that requires converting funds from one currency to the other. You can check with your financial institution to know the fees that apply.
Withdrawing winnings at an online casino via bank transfer is also similar to the deposit process. In the cashier page of your account, click on the "Withdraw" button and select bank transfer as the payment method. After that, you can enter the amount you want to withdraw and specify your account details which the money should be forwarded to. Withdrawing winnings via bank transfer can take up to 7 days at some online casinos. Apart from that, some casinos may require you to verify your identity before you can withdraw. Additionally, they may charge you a fee for processing withdrawals.
- Deposit and withdrawal transactions using bank transfers are safe
- Financial institutions may charge you a fee for processing transactions
Top Casinos That Accept Bank Transfer
As we mentioned at the start of this article, there are several online casinos that accept bank transfer as a deposit and withdrawal payment method. Before you join just about any bank transfer casino, however, you need to ensure that it is a good one. You need to consider the licence that the casino holds and ensure that it is issued by a relevant and well-known gambling authority such as the UK Gambling Commission and the Malta Gaming Authority. You equally need to check the games offered by such casino to know if you'll find your favourite games there.
In addition to that, you should also check the customer support of the casino. The customer support of the casino will let you know how you can contact the casino in case you have an enquiry or complaint. Another essential thing you should not forget to check is the security of the casino. A top bank transfer casino uses Secure Sockets Layer (SSL) technology to protect their website and ensure that the information of players does not fall into the hands of wrong people. You can consider reading trusted online reviews of bank transfer casinos you want to join to know if it is a good choice.