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Online gambling does not guarantee a win to any of the players, however, they can at least ensure the security of their funds during transactions. One of the most reliable payment methods used in online casinos is Bank Wire Transfer. On this page, you will learn about the pros and cons of this option, as well as how to use it when deposit methods for online casinos. Also, check out our TOP 10 gambling sites offering their clients use Bank transfers for transactions.
Intro to Bank Transfers
The online casino instant bank transfer payment method is considered to be one of the most reliable, secure, and simple options for replenishing the balance on gambling sites. The ease of using it to make a deposit is ensured by the fact that funds are credited to your account by direct transfer from your bank account. The latter, in turn, guarantees the protection of transactions using security protocols. If you are looking for a payment method that will ensure the safety of your funds, then a wire transfer will be an excellent choice for you.
How to Make a Deposit Using Wire Bank Transfer
As we said above, using Wire Transfer will not cause you any problems, because it is a convenient and easy-to-use payment method. You can make a transaction on a gambling site or use your smartphone with mobile banking installed on it. All you will need is the details of your bank account and the availability of funds on it that you would like to deposit. Read our instructions:
- Launch the browser on your desktop or mobile device and go to the online casino where you are playing;
- Log in to your account by entering the data specified earlier during registration;
- Go to the Cashier using the menu on the main page of the site or account options;
- Click on the Deposit tab;
- Choose an online casino bank transfer deposit method;
- Enter the details of your bank account that you need for the transaction;
- Specify the deposit amount (it must be at least the minimum limit set on the site);
- Pass the security check initiated by your bank. This, for example, can be a special code or SMS;
- Complete the transaction.
Now you just have to wait for the funds to be credited to your account, after which you can enjoy online gambling. It usually takes several business days to complete a transaction.
How to Withdraw From a Casino Using Bank Transfer
Bank Transfer is also ideal for conducting withdrawal operations from online casinos. As with a deposit, you can count on high reliability and security of money. When making a payment, you will need to find out the minimum amount that is allowed to withdraw. If you have enough funds in your account, then proceed with the execution of the operation:
- Use a desktop or mobile browser to go to the gambling site where you play;
- Log in by entering your username/email and password;
- Go to the Cashier;
- Click on the Withdraw tab;
- Choose wire transfer as the payment method;
- Specify the amount not lower than the minimum withdrawal limit;
- Enter the required data (this is necessary for the first withdrawal operation);
- Check the entered data for accuracy, and also see what commission you will be charged for the transaction. It is usually low;
- Confirm the operation.
Now you need to wait a few business days that your bank and online casino need to process and complete the transaction. After that, you will be able to dispose of your funds as you want.
Pros and Cons
Like any other option that is used on legal gambling sites for depositing and withdrawing funds, the wire transfer casino payment method has its pros and cons. Find out more about them in our quick facts table:
Advantages:
- You don’t need to open an additional account to use this method;
- High level of protection of your funds during transactions;
- Ease of use;
- Very low commissions;
- Bank transfers are available on the vast majority of gambling sites.
Disadvantages:
- The speed of transactions using this method is inferior to other payment options;
- Not all banks can allow transfers of funds to online casinos;
- You need to open a bank account to use this method;
- You may not want to use your bank account for online gambling.
Echeck Casino
Echeck is a digital version of the classic paper check, which is successfully used for payments on the Internet. This is a reliable method by which you can easily and comfortably make a deposit in an online casino. The receipt contains all the necessary information that your bank needs to carry out the transaction. Additional data is not required to be disclosed on the gambling site, which is highly appreciated by many players.
Using the instant eCheck casino deposit method, you will be able to receive funds to your online casino account within three business days. Payments are also made in a few days.
By themselves, transfers using Echeck are free, but your bank can charge a commission for deposit and withdrawal operations at an online casino. At the same time, some gambling sites may charge an additional fee for payments to a player using this method, so check this information before making a transaction.
Revolut Casino Payment
Revolut is a fairly new payment method, and so far it is not available in many online casinos. However, the undoubted advantages of this option allow us to predict that it will be increasingly used on gambling sites, both to replenish the balance and to withdraw funds. So, the deposit speed when using the Revolut casino payment method allows you to receive funds to the account almost instantly. As for payments, their processing speed depends on the country of your residence, it can take from 3 to 6 working days to make a transfer. However, in some cases, withdrawal can also be instant.
Transactions with Revolut are conducted in such a way that you have limits, and if you go over them, you will pay a commission. The standard card of this payment method is free of charge, a one-time monthly fee may be charged for using other types of cards.
Trustly Casino
When we talk about Trustly, we mean a reliable payment method that can be used to fund gambling activities. This service is fully licensed and regulated by the Swedish Financial Supervisory Authority. Many gambling sites offer this option for instant deposits and withdrawals. More than 2.2 million secure transactions are carried out monthly with the help of Trustly.
The advantages of this method also include the highest protection against fraud. In addition, Trustly does not save your bank details. This allows you to maintain a certain level of privacy when using online casino services. The disadvantage of this option is that it is not available on many gambling sites.
FAQ
Should I Use Wire Transfers to Fund My Online Casino Account?
What's the Benefit of Using Wire Transfers?
Are Wire Transfers Safe to Use?
Will I Have to Pay Any Fees For Using Wire Transfers?
Can I Block My Bank Card From Gambling Sites?
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.