Bank transfer, likewise known as wire transfer, is regarded as the oldest and most trusted payment method used by people from all around the world, especially when it comes to making transactions on their online casino accounts. A bank transfer method is used to transfer money from the bank of the payer to that of the recipient’s.
An Overview of Bank Transfers
This type of payment method, like any other methods such as credit card and PayPal payments, has both positive and negative sides. In case you’re wondering, this type of payment method is made through an electronic transfer of money from one bank account to another. The problem with bank transfers is that they are slowly losing their popularity. This is because newer, safer, and even faster payment methods are being introduced such as e-Wallets, credit cards, and any other financial products that avid gamblers might use.
Various wire transfer operators tend to provide their customers a wide range of options in order to meet their needs and requirements when it comes to transferring money. However, these options will also vary depending on several other factors such as the volume, value, and transaction costs. To start an international bank transfer, you could either choose one of the following:
The most important feature of a bank transfer is that it is initiated by you, the customer. For this reason, the payment is “pushed” to the bank account of the receiver. Keep in mind that there is no way of reversing the transaction once the payment is completed. The only way you can get back what you’ve paid is to ask your receiver to make a refund.
To use bank transfer method in an online casino, you simply need to visit the payment page and select “Bank Transfer” as the payment method. You will then be redirected to a page displaying the casino’s bank account, or a page with links to the different banks in your country.
If you landed on a page with the casino’s bank account, you will need to copy their details and use them to complete the Bank Transfer form in your own bank. Meanwhile, if you landed on a page with links, you simply need to choose your preferred bank and login to your online banking account to complete the transaction. If often takes 3 to 5 days before you can receive an email from the casino, stating your deposit has been successful and can be used to play your favourite casino games.
One important thing you should keep in mind while making a bank transfer is that you should make sure to fill all the information correctly in order to avoid any misunderstandings between you, the bank, and the casino you are making a deposit to. However, another more important thing is the code you get from your preferred casino during the transfer. You will not only need this code during the transfer process, but you will also need it to identify the transfer until the deposit has been successfully confirmed.
Other than making a deposit, it’s also possible to make withdrawals using bank transfer. In fact, almost all online casinos accept international bank transfer as a legit withdrawal method. If your online casino don’t have a familiar bank transfer service on their cash out page, it’s best to contact their customer support and find out how you can withdraw money through a wire transfer.
As one of the most secure payment option in an online casino, bank transfer comes with several advantages you can enjoy. They are the following:
Check out our Bank Transfer Payment Method FAQ's for answers to all your Bank Transfer questions:
A Bank Wire, also known as a Bank Transfer, is completely safe and secure. Aussies can use Bank Transfer as a payment option at most online casinos.
Sometimes referred to as ‘wire transfer,’ the bank transfer option is one of the oldest ways of transferring money. With the formation of numerous other payment options, bank transfer still remains one of the more popular choices of payment options among casino aficionados. Here are some of the reasons why:
The bank transfer payment option is a tried and tested way to safely deposit money at online casinos. It is a must-have payment option at numerous casinos since it is understood that every player looking forward to playing at an online casino has a dedicated bank account in their name.
In order to use bank transfer as a casino banking option, players should make an account at the online casino that offers bank transfers as a payment option. It is important that players also have a bank account. To start using bank transfer, players should select it as one of their preferred payment methods. The next step is to gather the banking information of the online casino. You can get this information through customer care support.
Players should then arrange a bank transfer transaction at their local branch by means of telephone or online setup. The easiest and the best way is to use an online route since it offers convenience and speed. You can simply log into your account on the Internet and send money via bank transfer to any legitimate third party including online casinos. In order to make a successful transaction, you will need to have all the necessary information such as SWIFT / BIC codes, account number, and sort codes
Bank transfers are one of the oldest, and thus one of the safest and most reliable ways of payment options. Since this option is directly built-in to your bank, it is considered the most secure method around. The system monitors the transaction 24/7 to protect against fraud, email phishing, and identity theft.
The bank makes use of SSL encryption to ensure that your funds are tracked. In addition, these websites are licensed by other regulatory parties, thus confirming the fact that they prioritize player’s protection. Many players rely on this option for efficient money transfer.
You can use a direct bank transfer option at any time of the day or night on any personal computer or a mobile device. There are many casinos that are optimized for mobile devices. You can enjoy these secure casinos just like you would on your desktop and also make deposits and withdrawals.
You will need to make use of an internet banking mobile app in order to process your transactions. Money transfers from the mobile app will need an OTP number; thus it is important that you always keep your details up to the mark, especially mobile number changes.
Even though secure and safe, the bank transfer option has lengthy processing times. It usually takes from 1 day up to 5 days to confirm a deposit at the online casino. This makes it unlikely for players to start playing their favourite games right away.
Usually, the minimum deposit limits lie in the range of $10 to $20. Similarly, the withdrawals limits are also set by each online casino website and it is usually $20. However, there are numerous online casinos that are more lenient. It is worth noting that bank transfer charges are possible, so players should read the terms and conditions closely.
Once you have accumulated enough money at your online casino account, you can easily withdraw it using the bank transfer method. You just need to enter your bank details and wait for the funds to appear in your bank account. It might take anywhere from one to a few days for the funds to appear in your bank account.
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