Bank Transfer
As you can’t very well go and deposit at an online casino by cash or cheque, the tried and tested bank transfer (also known as a wire transfer) is one method that gambling platforms offer. It’s, perhaps, the most popular service that we see on a worldwide scale in iGaming, alongside Visa and MasterCard, as it’s assumed that any gamer logging on to play casino online has a bank account in their name.
Bank transfer online casinos: The best casinos that accept this payment method
Whether you choose to arrange a bank transfer transaction in your local branch, by telephone or online is up to you, but the latter option is probably the easiest of them all. By simply logging in to your account on the web, you can often send money via bank transfer to anyone with a legitimate account – online casinos included.
Plenty of alternative payment methods have arisen to challenge internet casino bank transfers since the recent iGaming boom began, but you can rest assured that a wire transfer casino bonus is still easily attainable at many online casinos.
How to make deposits with a bank transfer
As we’ve mentioned above, you’ll need to be able to communicate with your bank to be able to set up a bank transfer to your chosen casino portal. To do this properly, you need to make sure you’ve got all the necessary details of the recipient in order for your instructions to be followed, such as account number, sort code, SWIFT / BIC codes and more.
Making a deposit and withdrawal with a bank transfer
While many online casinos may allow certain payment methods for deposit only, bank transfer is often available for withdrawals too. Making a deposit requires you to acquire your online casino’s details before you begin, information that should be given to you when selecting this deposit method.
Alternatively, you may be presented with links to major banks from your country. If this happens, simply select an option who you hold an account with and follow the given instructions.
One disadvantage of using wire transfer for online casino is processing times. The minimum is usually one working day from the time your payment is confirmed (although this can extend to 5 or more), so it’s unlikely that you’ll be able to sample your favourite titles immediately.
Withdrawals are a similar kettle of fish, with your winnings set to reach your account once a few days have passed. It’s a simple procedure to implement, though, as you just select the bank transfer withdrawal service once you’ve accumulated enough to get the ball rolling. Input your bank details if you haven’t done so already, and sit back knowing you’re about to get a financial boost!
Minimum deposit amounts
Although getting a bank transfer casino bonus is almost guaranteed for new players, the minimum amount you must deposit varies and should be clearly stated. It’s usually in the range of €10-€20, but be sure to keep an eye on any charges you may incur when using bank transfer – especially if you’re changing currency to play.
Minimum withdrawal amounts
Similarly to deposit amounts, online casino withdrawals by wire transfer are set by each individual website. Something to note is that withdrawals limits are, generally, slightly more than their deposit counterparts, no matter the desired service. €20 is often the minimum, but there are certain internet casinos who are more lenient. Again, bank transfer charges are possible, so be sure to have a look at the T’s and C’s.
Deposit bonuses when using bank transfers
Although it might take a while to get there, your deposit is almost sure to give you a bank transfer casino bonus or two. Certain e-wallets and other payment methods aren’t applicable when claiming treats and goodies, but wire transfer usually isn’t one of them.
Online casinos that accept bank transfer as payment method
While there are plenty of quality bank transfer online casinos around, here are 3 of the best.
PokerStars
Although they’re known around the world for poker, PokerStars Casino also have an in-depth online casino arm that is hugely rewarding. They even have their own cross-product VIP program, branded Stars Rewards, which gives you additional bonuses and extras in one streamlined scheme. So, if you’re a gamer who enjoys multiple online gambling areas under one roof, PokerStars is a worldwide brand that you can trust.
Betsson
Another heavyweight in online casino is Betsson Casino. Their platform oozes class the minute you logon, with plenty of extra incentives. With online casino in particular, they have all the bases covered – video slots, live casino, jackpots, table games and more – so you’re never likely to run out of material, with new titles added regularly.
Bwin
Another platform that are, perhaps, known for a different area of internet gambling is Bwin, but having a casino/live casino offering has certainly helped. Bwin even give you the option of playing casino on mobile using your device’s web browser, or downloading their dedicated casino app for both iOS and Android. With iGaming on-the-go’s popularity skyrocketing, it’s great to see a platform putting the choice back in your hands.
Why should you play at a bank transfer casino?
Security! We understand that making transactions online in any environment causes a bit of concern for many, so you’ll want to guarantee safety when doing so within iGaming due to the consistency of money going to and from your accounts. As this service is directly built-in to your bank, it’s one of the most protected methods around.
Another huge advantage that wire transfer online casinos have is withdrawals. It’s particularly irritating to have to set up two different services for depositing money and taking it out, but bank transfer eradicates this issue by being an option for both almost all of the time.
Finally, using bank transfer is one less moment of inputting your personal information. You’ve already been required to do this to create an online casino account in the first place, and not everyone is keen to do so over and over again. This isn’t a problem when using bank transfer, though, as pretty much any bank has this facility ready to use.
The future of bank transfer casinos
Although bank transfer online casinos are present today, it’s difficult to determine whether they’ll be a feature of the industry moving forward. Despite the advantages mentioned above, the time-consuming transaction period is a huge problem that iGamers have to face. Many players want to deposit and play immediately, but with bank transfer online casinos this isn’t possible very often.
Furthermore, with Bitcoin and other cryptocurrencies flirting with the idea of becoming dominant forces within iGaming, this would surely push the wire transfer method even further down the pecking order were it ever to come to fruition.
However, for the time being, the bank transfer online casino won’t be going anywhere. The fact that this service is almost always used as a withdrawal method is hugely beneficial, as it’s a useful contingency for any gamer whose initial deposit service is unlisted for withdrawals.
So, we expect to see the bank transfer online casino around for a few more years yet, at the very least.
