What We Don’t Know about Bank Transfers Isn’t Worth Knowing

When you are thinking about signing up with a new casino one of the very first things that you should check is the different payment options that are available. You will want to create an online casino account with a casino that has a banking method that you are familiar with. Many online casinos accept bank transfer, which is why we are going to take a closer look below.

A Closer Look at the Bank Transfer Payment Option

Nowadays, almost everything that we need to do requires Internet usage somehow. We might regularly complain about this, but we must admit that things are now a lot easier than they used to be. For example, if we need to transfer money to a friend or a business, we can go on a computer, or even a mobile device, and have it done in a couple of minutes. How did we get to this stage? Well, if we have a quick look at history, we can get a better understanding.

Money has been around for thousands of years and financial institutions and banks are just as old. However, globalization changed everything as more of us started with innovators and contractors from all over the world, meaning that a payment method was required to send and receive money from overseas. This is why bank transfers were created.

Transferring money through banks became the best way for people to send money all over the world, which is why companies such as Western Union, who specialize in doing exactly this, came into being. Bank transfers were made possible thanks to the massive improvement in telecommunication equipment. ATMS then came into being and financial institutions and banks started doing everything electronically.

In 1991, the World Wide Web was made available to the public and millions then had access to a computer and a modem. Seven years after this, Wi-Fi came into being and everyone started becoming dependent on it. This Wi-Fi connected world meant that there was a huge increase in e-Commerce, meaning that companies needed a way for their customers to pay them. The solutions to this issue was quickly found and before long you could make a purchase from the comfort of your sofa.

Online Casino Bank Transfer Deposit

When you are taking a look at the online casino payment options available at a casino bank you will more than likely always see that you have the option of making a deposit using a bank transfer.

So, let us pretend that you have found an online casino that you would like to create an account with, and you have decided that the best casino depositing method for you is a bank transfer. How would you go about making a deposit using the bank transfer payment option? Well, you will be glad to find out that it is pretty simple.

Below we have outlined what you need to do in order to make a bank transfer.

Log into your casino account and make your way over to their cashier page
Choose wire transfer (another name for a bank transfer) as your preferred deposit method
Input the required bank details and then double-check to make sure that you have entered all of the necessary details correctly
Enter the amount of money that you want to deposit in your account and then click the confirm button

If you use other online casino payment methods such as an e-Wallet, then you will see your deposited money in your casino account almost instantly. However, this will not be the case with a bank transfer – you will have to wait a couple of days before the money shows up in your account.

Bank Transfer Online Casino Options available to you

So, let us now pretend that you have won some money while playing at an online casino and you now want to withdraw it into your bank account. How would you go about this? Well, once again, the process is a simple one and we have explained it below.

Sign in to your casino account and head on over to the banking page
Choose the withdraw option and then choose wire transfer as your preferred method of withdrawal
Enter the bank details that they require and then double-check to make sure that you have entered all the information correctly
Enter how much money you would like to take from your account and then select the confirm button

The casino will start processing your transaction and you will see the money in your bank account within 3-5 working days. Therefore, if you use this banking option, you will need to be more patient than if you decide to use an alternative payment option.

Are There Fees When Making a Bank Transfer?

This will depend on the bank that you are using as all banks have their own separate fees. So, in order to get an exact answer to this question, you will need to get in contact with your bank.

However, with the majority of banks, when you are sending money to somebody that is in the same country, the fees will be a lot smaller than if you were to send money to another country. As a matter of fact, there are some banks out there that will not charge any fees when a customer makes a bank transfer to somebody in the same country.

Sometimes the bank will say that there are no fees for international transfers either, but if your bank tells you this then you should take a moment to check out their exchange rates. This is because they could be using very high exchange rates as a means to negate the fact that they do not charge transfer fees.

Online Casino Instant Banking

When it comes to the best online casino payment methods, it is fair to say that instant banking is up there. The reason for this is that it is just so convenient for casino players.

With this option, you are able to send money straight from your bank account into your online casino account through a third-party mediator. However, your bank is in charge of everything, so you really do not need to worry about any of your personal information getting into the wrong hands.

Making a Deposit Using Instant Banking

Depositing money using this payment option is pretty simple. In order for you to get an idea as to just how easy it is, we have outlined the steps below.

Sign in to your casino account and go to their banking page
Click on the instant banking option and follow the instructions that are given
You will be given a reference number that you will need to input in order to make a deposit, so keep a note of this number
Enter all the bank details that you need, the reference number, and the amount of money that you would like to deposit
Once you are happy that all the details are correct, select confirm, and the money will appear in your casino account within minutes.

Not the Best Option for Withdrawing Money

One downside to this payment option is that it is not really very good when it comes to withdrawing money from your account. In fact, there are not many online casinos that will allow you to use this method for withdrawals. Those that do will usually charge high fees and you will have to wait a while for your money.

So, when it comes to withdrawing money, we recommend that you make use of an alternative withdrawal method.