Bank transfer is one of the oldest methods available to online casino players. They have used it for decades to top up their online casino accounts, and carry out withdrawals as well. This is a means of transferring money that isn’t governed by a single company. Instead, it is managed by the banks and has nearly global coverage.

To successfully deposit funds to your online casino account using bank transfer make sure you don’t skip any of the following:

Fast casino bank transfers enable online punters to send and receive high amounts of funds at a time. Additionally, such transactions to and from instant banking online casinos must be authorised, meaning third parties cannot use them to their advantage. Many casinos offer direct bank transfer as a deposit option, some use electronic systems through integrated third parties and others use a simple referencing system. Using a direct bank transfer has some pros and cons, it's usually a slower processing time than using a normal electronic payment method.

Making bank transfers is only possible if you already have a bank account open. There is no specific bank that provides these services. All of them do. So, you can march into your local bank and set up an account that you can use for transfers/online casino deposits.

Naturally, if you already have an account, which you most likely do, you can go on and join a casino right away, without any special preparation.

This shouldn’t be too challenging, as most casinos nowadays accept bank transfer. That doesn’t mean to go for any random casino site. It is advisable that you select a highly-rated gambling website with a proper license and proven software.

When you log in to your casino account, the next step is to go to the cashier section and initiate a deposit by clicking on the Bank Transfer icon. It should be on display along with other available deposit options.

The bank details that you need to use to complete the transfer will be displayed, such as the casino’s bank account and other relevant information.

Be careful when you copy these details, as they need to be correct for the transfer to be processed successfully.

Once you are given the necessary information to carry out the bank transfer, you will be offered a list of banks to select from. Pick the bank you have an account with and you will be automatically directed to the interface of your bank’s site to log in and complete the transaction.

You will get a virtual form to complete, so enter the required details including the ones provided by the casino, as well as the amount you wish to transfer. Bank transfer can be executed by phone (by calling the bank) or by going to a bank office personally. Online is certainly much faster and more convenient.

Double-check all the information listed on the form. It is extremely important that you don’t make any typos. Submit the form and authorise the transfer.

Bank transfers usually take 2 to 5 business days (excluding weekends and national holidays).

Bank Transfers are one of a few methods to fund online casino accounts. The number of payment methods has increased with time and technology.

There were not many funding methods just a few years ago. One conventional money transfer methods used for funding online casino accounts is Bank Transfer.

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Banks transfers are the oldest method, and one of the most trusted funding methods even today. As the name itself indicates, Bank Transfer, or Wire Transfer, is used for transferring money from one bank to another.

It is either from the bank account of the player to the bank account of the online casino or vice versa. The roles of the payer and payee alternate depending on whether the action is a deposit or a withdrawal.

How Casino Bank Transfers Work

Transferring money from one bank account to another was once done by having the player order the bank where he or she maintains an account to deduct funds and add it to the bank account of the recipient.

In the very early stages, it was done physically, but then modern methods made it possible for funds to be ´wired´ electronically.

Eventually, internet banking surpassed all earlier technologies allowing everybody with a computer to make Bank Transfers from the comfort of their own home.

Bank Transfer to an Online Casino

How does a Bank Transfer work inside an online casino environment? The Bank Transfer procedure is carried out via several steps. It requires player identity details in the banking area.

The first thing to do if you wish to make a deposit is select Bank Transfer from the list of payment methods at the desired casino venue.

You get directed to a separate page showing the bank account details of the casino or a page with a list of banks that cater to your local community.

Bank Transfer options will differ subject to where you live.

A first case scenario, you need to copy the casino’s bank account details and use them to fill out the Bank Transfer Form provided by your internet banking service.

The second option is better as it allows you to choose your bank right away, log in into your internet banking account and carry out a transaction directly.

As instructed, your bank will transfer the money to the casino´s account, but the transaction, in most cases, won´t be carried out instantly.

Casino Bank Transfer Fees & Time Frames

For the transaction to complete in the case of a Bank Transfer, processing times range from 3 to 5 business days.

An Online Casino will send a confirmation email, to tell you that a deposit has arrived. You are then free to use it for wagering, having fun and enjoying yourself at the Casino site.

Some banks need longer processing times depending on where you live. As for fees, they are regular around Bank Transfers; every bank has its fee policy.

It is likely that you’ll have to pay between £€$5 and £€$$20 in processing fees to fund your casino account. Most reputable online casino sites will compensate you for this cost with bonus money for the bank transfer.

Bank Transfer Pros & Cons

No payment method is perfect, it all comes down to personal preferences, and we look at the pros and cons of Bank Transfers. Bank Transfers are attractive as they are safe.

Banks carry out encrypted transfers and security is never an issue. Another advantage would be the possibility to also complete withdrawals via Bank Transfer, not just deposits.

Ultimately, what’s advantageous about Bank Transfers is that it is familiar to casino players and there is no limit on how much money you can send or receive with this method.

Bank Transfer disadvantages include the fact that it is a slow and old-fashioned method. We live in the era of instant gratification, if you make a player wait for funds to be received, that´s not good.

The process of making a Bank Transfer request can be lengthy.

Casino Bank Transfer Verdict

Online Bank Transfer Casinos

Paying with Bank Transfer at an online casino is safe and secure but a lengthy and often time-consuming process. Modern online casino banking options are instant and just as reliable.

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Bank Transfers are a secure payment and convenient withdrawal method in some gambling markets.

Bank Transfer Online Casino Slots

Due to the expansion of e-wallets and instant payment systems, Bank Transfer, or Wire Transfer as some call it, is less common these days.

It does though remain a safe and secure way to get jackpot funds of that progressive jackpot you’ve been playing on. No E-Wallet is going to handle that kind of cash.

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