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Casinos with Bank Transfer

Bank Transfer Overview

A bank transfer or wire transfer is a way to transfer funds from one person or institution to another. As opposed to other e-wallet payment methods, bank transfers are carried out by banks, institutions that are renown for their experience and the safety of their vaults. Wire transfers are a sure way to deposit and withdraw funds on online casinos. Yet, this process sometimes involves processing fees and significant waiting times. This article will give you all the information you need to know on using bank transfers on online casinos.

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Bonus

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There are usually no specific casino bonuses given to players who deposit and withdraw money on online casinos with wire transfer. However, because this is such a popular and widely-used method, deposits are, of course, eligible for casinos’ generous welcome bonuses. For more information, feel free to check out the list of wire transfer casinos above, compare their bonus conditions and get ready to play.

SEPA Bank Transfers

SEPA is short for “Single Euro Payments Area” and is the name of cross-border Euro bank transfers as regulated by the EU. The goal with SEPA is to make cross-border Euro transfers within the EU equivalent to domestic transfers within a single country.

The countries that use SEPA are the Eurozone (countries within the EU that have the Euro currency) and a few other countries which also support Euro bank transfers.

SEPA cross-border transfers are supposed to be charged like domestic transactions, and there should be no fees for accepting money. In general a SEPA transfer should not take more than 1-2 bank days.

ACH Transfers

An ACH transfer moves money between banks through the Automated Clearing House network – one of the biggest U.S. payment systems. ACH transfers are typically cheaper than wire transfers, but can take several bank days as they are processed by a network operator in batches just three times per day.

Many third-party payment providers use the ACH network, probably due to the low fees, and the slow processing time is now being addressed with efforts to make same day delivery possible.

Advantages

Bank transfers are certainly one of the most popular deposit and withdrawal payment method on online casino. Looking at the list of its advantages, it becomes easier to understand why:

Simplicity: e-wallet services usually require the creation of a new profile, a personal information form, a confirmation email and many other administrative steps… If you already have a bank account, then no need to worry, you are all set to start playing on your favorite wire transfer casino!
Safety: because wire transfers are overseen by renown financial institutions, they are a very safe way to transfer funds in and out of a casino.
Privacy: wire transfers do not require sharing any personal information with an online casino and is therefore a great way to keep your privacy as an online player.
Availability: one of the most important advantages of wire transfers is certainly that they are available as a deposit and withdrawal method on most online casinos.

Disadvantages

However, even if wire transfers present a lot of advantages, they also have some downfalls that are important to consider:

Waiting times: Wire transfers are one of the payment methods that require the longest waiting times (along with credit cards transactions). Withdrawing your winnings with a wire transfer could take between three and seven working days, whereas withdrawals carried out with e-wallets are quasi instant.
Banking fees: As wire transfers are overseen by banks, they usually involve significant processing fees. Feel free to get in touch with your bank to learn more about this process.
Banking details: Yes, wire transfers are more anonymous than e-wallets because they do not require any name or email address. However, sharing your banking information could also come with some risks such as online fraud.

To avoid scams, make sure to check out our casino reviews.

Fees

Online casinos usually do not charge any fee on wire transfer deposits and withdrawal. To be sure, it is heavily recommended to read a given online casino’s terms and conditions.

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However, many banks charge fees for sending and receiving funds through wire transfers. As the amount and structure of the fees largely depend on your bank’s and the casino’s geographical location, it is impossible to come up with a definitive answer in a single article. Reaching your bank’s customer service is the best way to clear any doubt you may still have.

Currencies and Availability

In contrast with e-wallets, bank transfers are not limited by a given sets of currencies or countries. Because banks work closely with one another, they can easily convert any currency into any other. However, this process sometimes involves marginal conversion fees. The only limits to the availability of wire transfers depend on casinos themselves that might have certain country limitations.

Creating a Bank Account

Wire transfers only require a functioning bank account in an active bank. Bank accounts can be created in a few days (depending on the bank and country) by reaching out to a financial institution. Every bank has its own way of doing things, but usually, you will have an appointment with an adviser to find the best banking solution for your situation. You may also be able to apply online. Opening a bank account is not usually a quick process however.

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Funding Account

To carry out a wire transfer, you must have a funded bank account. Money can be deposited in a bank account in the form of cash, or with a wire transfer from another account.

Depositing

Depositing funds with a wire transfer is a very simple process.

Login to your account at your favorite online casino
Go to the deposit tab
Select wire or bank transfer as a payment method
Determine the amount you would like to deposit
Follow the instructions given by the payment terminal (that will ask you for your banking details)
After a given waiting time, you will be able to start playing!

Withdrawing

Just as depositing, you will be able to withdraw your winnings with a wire transfer in a few steps:

Login to your account at your favorite online casino
Go to the withdrawal section
Select wire or bank transfer as a payment method
Determine the amount you would like to deposit
Follow the instructions given by the payment terminal (that will ask you for your banking details)
After a given waiting time, your earnings will be visible on your account balance

Security

What is important to keep in mind with wire transfers is that they are overseen by banks, institutions that have been taking care of people’s money for hundreds of years. Wire transfers are, therefore, one of the safest payment methods around. However, there are a few important details to keep in mind.
By making a wire transfer deposit, your transaction will be anonymous, yet, you will have to share your banking details with an online casino. This type of personal data could prove to be rather sensitive. Therefore, before making a wire transfer, it is heavily recommended to make sure that the casino you deposit money on is trustworthy.

Support

If you ever need any support in the process of depositing, withdrawing or searching for more information, feel free to reach out to your bank through your favorite medium, be it phone, emails and live chats. The quality of the support you will receive will ultimately depend on the bank you have chosen.

VIP Program

Each bank will have its own way to reward its users for their loyalty. However, most of the time, banks do not attribute loyalty points for wire transfers. This is certainly not the case with credit card transactions.

FAQ

Which online casinos accept Bank Transfer?

Use the list of Bank Transfer casinos to see all online casinos that accept Bank Transfer payments.

Believe it or not, casino banking is one of the most important things to understand before picking an online casino. The banking policies can make the difference between a fun experience in which you get your jackpots quickly, to a stressful one which makes you want to pull your hair out while you try to get what’s rightfully yours over weeks upon weeks.

On top of this, each banking method has its own pros and cons. We’re going to look at several of the most popular ways to make deposits and withdrawals so you can understand which casino banking method is best for you.

Credit and Debit Cards

👍 Straightforward and easy to use.
👍 Wide acceptance.
👍 Top casinos offer zero fees on deposits/withdrawals by card.
👍 Available in most major currencies.

👎 Fees associated with casino payments on some cards.
👎 Not everyone wants to share financial data with casinos.
👎 Not private or anonymous. Banks don’t view gamblers favourably.
👎 Can take 3-5 days to get your withdrawals.

E-Wallets Like PayPal/Neteller

👍 Fast withdrawals – typically within 24 hours.
👍 No need to share financial information.
👍 A reasonable level of financial privacy.
👍 Wide acceptance.

👎 Some less tech-savvy users may require a learning curve.
👎 Excluded from some welcome bonuses.
👎 Not anonymous.
👎 Some fees associated with currency transfers, etc.

PaySafeCard

👍 Fast withdrawals – usually same day.
👍 A reasonable level of financial privacy and anonymity.
👍 Widespread acceptance.

👎 Deposit and withdrawal limits of £20 per standard card.
👎 An effort required to find a retail outlet selling Paysafecards.
👎 Renowned for subpar customer service.

Bitcoin

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👍 Super fast withdrawals – usually seven minutes.
👍 Almost total anonymity and financial privacy.
👍 Unlimited deposits and withdrawals to wallets.
👍 Extremely safe and secure on a decentralized network.

👎 Fees can be high if the network is busy.
👎 Still, relatively few gambling clubs accept Bitcoin.
👎 Requires a steep learning curve to begin with.
👎 Some fees come with cashing Bitcoin into other currencies.

Casino Banking Methods – Your Questions Answered

❓Which e-wallet is best?
✍ That depends what you’re looking for. PayPal is the best-known of the bunch. It does have second-rate customer service, though. Neteller, on the other hand, has better customer service but the fees are higher. Skrill seems to strike a balance between the two, offering decent customer service and reasonable fees. Pick the one you’re most comfortable with. It’s swings and roundabouts, really.

❓ Is it safe to share my card details with casinos?
✍ That depends on the casino! If you stick with our pre-approved list above then you won’t have any problems. All of them have valid gaming licences from government authorities and work with trusted software providers.

❓ Which casinos accept cryptocurrencies?
✍ Cryptocurrencies are slowly, ever so surely, edging their way into the online casino industry. We predict that in a few years time they will be accepted by a much larger number of casinos online. If you see a casino you like above and want to know if it accepts Bitcoin, check out the attached review. All of the bankings methods are listed and updated regularly as they change.

❓Will gambling online affect my credit rating?
✍ It won’t necessarily affect your credit rating directly. That is to say, you might not notice your credit score changing or anything drastic like that. However, it can affect how the bank views you if there are lots of deposits and withdrawals coming out of your bank account. This is one of the prime reasons to consider using an e-wallet like PayPal or Skrill, or cryptocurrency in general.