Bank transfers are among the oldest and safest options for depositing and withdrawing money at an online casino. You’ll need to verify your bank account at the casino when using this method, allowing your bank to contact you in case any fraudulent activity is detected on your account.
This way, you can rest assured that your money is in safe hands. Furthermore, the bank transfer casino payment method is available worldwide, and most casinos offer it as a deposit and withdrawal method.
On the other hand, one of the most significant downsides to bank transfers is how long they take to be processed. There’s always a big-time window between when you request your funds to be deposited or withdrawn and when you receive the funds on your balance.
How long this takes varies from bank to bank, but you’re usually looking at a timeframe of 3 to 5 working days. If speed is not really of the essence to you, read on to learn more about using bank transfers to deposit and withdraw money at casinos.
Online Casinos That Accept Bank Transfer
The Story Behind Bank Transfer
You’ll find plenty of different names for bank transfers, including bank wire, credit transfer, or wire transfer. All of these refer to similar concepts – that is, the electronic transfer of funds from one individual or entity to another.
Most international transfers are executed through The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a society of international banks that operates a global network to facilitate the transfer of financial messages.
To make a bank transfer to one of the best online casinos, you will need an online banking account and the casino's banking information - in other words, the account you are sending the money to.
Once you have all the recipient details and are logged in to your internet banking account, choose the 'Transfer Money' function, enter the information on the account you are sending the money to, as well as the amount of the transfer and the date you want it to be processed, and approve it.
You may be charged a fee for the bank transfer since banks collect payment for the service from the sender, as well as the recipient.
How to Deposit Using Bank Transfer
The process of depositing money using a bank transfer is simple.
- First, head to the cashier section on your online casino account and select ‘deposit’;
- Choose bank transfer as your payment method;
- Enter the amount you would like to transfer, and any banking details that the casino may request;
- Your bank may ask you to verify your identity through a security check, such as a code you receive by SMS;
- Once you’ve cleared the security check, wait for your funds to be processed. You can start playing as soon as they are available.
Bank Transfer Deposit Fees
Bank transfer fees vary from one bank to another and should be listed in the policy of your bank's choosing. Generally, the greater the amount you transfer, the more you will have to pay. The fees for bank transfers can range from a few cents to $50 or even more, depending on the size of the sum.
Bank Transfer Withdrawal Speed
Ready to cash out your winnings? Here’s how to withdraw money from online casinos with a bank transfer.
- Visit the cashier page of the casino and select withdraw;
- Enter the amount you would like to transfer from your casino to your bank account;
- Fill in any other banking details that are requested of you;
- Confirm the transaction, and wait for the casino to process and release the funds to you.
You may need to submit identification documents like ID or utility bills with your name and address on them in order to confirm your identity before releasing the funds.
The withdrawal speed varies from bank to bank but it usually takes around 3-5 business days for the funds to reach your account.
Fastest Paying Bank Transfer Casinos in 2022
Let's have a look at some of the online casinos accepting bank transfers.
|No.||Online Casino||Bank Transfer Deposit||Bank Transfer Cashout|
|1||Vulkan Vegas Casino||Yes||Yes|
Advantages and Disadvantages of Bank Transfers
There are pros and cons to any payment method. There's no right way to send money to your bank account, but we think that bank transfers are a pretty solid option. As they're extra secure and have the backing of international banks behind them, it's a popular choice. However, there are some upsides and downsides, which we've listed below.
Special Casino Bonuses Using Bank Transfer
Not many casinos offer special deposit bonuses exclusively for customers who use bank transfers to deposit and withdraw funds. However, most bank transfer users will be eligible for any casino bonuses which are available sitewide, unlike users of payment methods like Skrill and the popular eWallet Neteller, which are frequently excluded from such bonuses.
We highly recommend that you read the terms and conditions of any offer, bonus or promotion prior to opting-in so that you will have all the necessary information at hand.
Customer Support for Bank Transfers
If you have any questions regarding your casino bank transfer, you’ll need to get in touch with your bank directly, usually over the phone or via email or live chat. Check your bank’s website to get the necessary contact details.
Payment Methods Similar to Bank Transfer
With so much to pick from, it can be hard to decide which payment method you want to use. Bank transfers are a convenient way for any player to deposit into your casino wallet, but what are the similar options out there? Here's a list of the top similar payment methods.
Security of Bank Transfers
The safety of banks is undisputable, and bank transfers are considered to be the gold standard of trustworthy payment methods at online casinos.
Each bank is registered with its country’s financial services authority – if you want to find out more information about your specific bank, you’ll be able to find this in the small print on the bank’s website.
Among the tools banks use to ensure that online bank transfers are safe, you’ll find:
- Anti-virus and anti-malware protection that prevent viruses and malicious software;
- Firewalls that block unauthorized access and traffic from unsafe internet sources;
- Secure Socket Layer (SSL) encryption, which creates secure connections with your browser, keeping it safe from potential cyber-attacks;
- Multi-factor authentication measures, such as using a password, a PIN and an authentication code to confirm that the person making the transfer is the account holder.
Using Bank Transfers to Gamble
Bank transfers are among the safest payment methods when it comes to gambling online. It’s available to casino users worldwide, and you can rest assured that your money is in safe hands when making a deposit or withdrawal at a licensed online casino - for these reasons, we can recommend it.
However, there’s no denying that bank transfers are among the slower payment methods available to casino players. If fast deposits and withdrawals are a priority for you, on CasinoTopsOnline you can find plenty of other payment methods to choose from.
Bank Transfer Casinos FAQs
Below, you'll find some of the most frequently answered questions about using bank transfers to make deposits and withdrawals at online casinos.