The cash involved in the transfer will always need to be authorised via both parties meaning it really does allow both players and casinos to practice the safest of gambling procedures. Third parties often cannot take advantage of or have access to the wire transfers meaning the length it takes to process is always patiently accepted and embraced. High rollers are usually the first to hop on the bandwagon and use this method, as other options such as E-wallets etc, tend to have limits to the amount that you can move across from your accounts into the casino. With a bank transfer, you are pretty much able to move across whatever amount you wish!
With all this in mind, we decided to create an overview and guide of the uses of a traditional bank transfer as your main payment method at an online casino. We will elaborate on all the fastest transfer options that you can select for your deposits and withdrawals, in addition to how you would go about setting up your casino account in a bank transfer casino.
Key Characteristics Of A Transfer Casino That Accepts Bank Account Transfers As Payment Methods
For players that go about creating casino profiles in hope of landing great welcome bonus promotions, the first thing that comes into mind is, of course, the payment method options that are accepted to trigger and redeem the bonuses up for grabs. When finding a fast bank transfer casino available to use, that definitely appeals to players to steer and move forward with that option. Beyond the obvious characteristics like increased security and safety, there are in fact many other appealing factors that can be considered too. They are as follows:
Fully licensed by the UKGC, Malta, and Gibraltar authorities
Safety is always guaranteed when the UK gambling commissions, Malta and Gibraltar Gambling authorities get involved. Casinos that engage with such gambling licenses, will automatically be deemed as safe, trustworthy, and reliable. Having approval guarantees that players will have high operation standards within their gaming environment. The casino ensures that their practices with a second party such as a bank transfer account will always be addressed in the safest possible manner and kept secure and out of reach from any third unwanted parties. You can always count on casinos that are fully licensed, to handle you, your bank transfers, and all following account details with the safest protocols.
New casino sites and operators available
You will find that all the latest new casino sites all cater and provide the option to go with bank transfers for online casino gaming access. New online casinos not only provide players will forward gaming from a large range of software developers, but it also gives players a front seat to the best casino promotions possible within the market. Generous bonuses that are supported by new casino sites ensures that you can really enjoy deposits and withdrawals with high limits when you register and sign up as a new casino member.
A large array of gaming options
Just because a casino is using old school payment methods like via bank transfers, you cannot expect the same from the game providers that bank transfer casino sites offer its new players! All the games available branch from the latest video slots, 3D slots, classical slot games such as roulette, blackjack, and live casino. Just because the casino you select opts for old school payment systems, you will not be behind in selecting games to play with to earn your winnings.
Fast Bank Wire Transfer Casinos
It is very easy to set up a transaction using the fast wire transfer option within an online casino. Usually, its mainly operated via the internet or mobile applications i.e. mobile banking, so you can make the transactions flexibly around your current lifestyle. The entire process should not take from you more than a few minutes, where all that is needed from you usually is a series of bank account details to allow for the bank transfer itself. All the amounts that move across from your bank account to the casino outlet itself will need second verification, meaning the security of the process is entirely trustworthy.
The drawback however despite the little time it takes to set up a transaction, is the amount of time it will take to clear through your bank and actually make the transaction itself. Some casinos will take up to a week to receive your amount and allow for triggering of the main bonus promotions. However, safety is the first and foremost vital convenience that needs to be considered by the player. For that reason, we really do believe that bank wire transfer options are the safest within the current industry of casino payment options.
Advantages Of Online Casino Bank Transfers
Secure and Safe for Personal Details
Users will find that bank clearance involved within bank transfers is of the safest methods that you can use. Due to the option being around for such a long period of time, banks have had a long time to perfect this option of payment method, in the best interests of the user. Being that it is a very official form of payment, you will also find that they keep up to date with the regulations and procedures necessary, always informing you the user, of every little change along the way. It is for this reason that, regardless of the length of time it takes to receive or pay a transaction, players enjoy the security they receive from it and therefore much prefer it over other options.
Large Depositing Limits
Players that use banking options will find that they are able to deposit large amounts into the casino, due to the high limits available. Most E-wallets nowadays always have a limit on which can inhibit high rollers’ true potential. Players do not want to hassle of having to set up more than one transfer at a time as that will increasingly cause disruptions to the level of gameplay within the moment. Amounts up to £10,000 are usually permitted for transactions, meaning the window of claiming large match bonuses is best opted with bank wire transfers for sure.
Most Casinos will Accept this Method of payment
You will come to see that all most casino sites will accept the use of bank transfers as its main method of payment on their site. Casinos understand that safety is important to players and therefore, you can expect it to always be available as an option, despite the length it takes to process and allow it the funds to be transferred into or out of the casinos themselves.
Get used to Playing with Big Bonuses
The big amounts that are available within the casino are usually hard to attain when limits of transactions are rather small. However, some casinos actually provide players with the option of large high rolling bonuses that can exceed 3 figures! But of course, to obtain it, you will need to pay up larger figures too. Therefore players can really get used to playing with bigger bonuses if they utilize the bank transfer option.
Disadvantages Of Online Bank Transfers
Payments Can Take Time
Depending on the casino you are playing with, you can find that wire transfers can be as little as 72 hours, or can exceed this and take over 5 working days to actually be deposited. This will entirely depend on the casino you are opting for in itself and the clearance measured necessary to deposit it inside. International casino payments will always take longer so possibly consider wire transfers for UK casinos rather than international casinos that permit UK players.
There May be Fees Associated
Players may find and come to realise that making a large transaction to move across from your bank account to an online casino, may incur extra fees that will be necessary should you wish to actually be able to make a deposit or a withdrawal. It will usually operate via a percentage basis, meaning the larger the amount that you wish to move across, the larger the fee will be, unfortunately.
Chargebacks are not Permissible Usually
Casinos will not allow a chargeback of funds towards a bank account, meaning should you wish to get a refund or money back on a deposit, you will be unable to do so and then loose out on getting that money back. It is for that reason many players opt for other options like E-wallets i.e. PayPal, as these options are never usually included and you can always get your money back due to their protocol and options available to users.
How Do You Actually Do A Bank Transfer?
A bank transfer is often available to players in all casinos- as mentioned above previously. The process of creating one is very straight forward and we have indeed outlined what you will need to do as a player to ensure a smooth transfer of your money into an online casino. Read down below for the details.
- To start your transfer, you will first need to research the casino sites that you believe have the best security protocols for your cash amounts. This will include checking licensing availability to ensure that the casino domains are safe and secure to play at with large sums of your own real money. Lucky for you, our fast transfer casino lists all include the safest casinos that you should consider, and therefore we have done all the hard work for you, so you do not need to worry about all the details that you would consider about a casino. The wagering requirements and terms conditions etc will all be summarised for you!
- Once you have selected the casino that matches your criteria, the next step will be you registering up at that casino site and becoming a fully registered member. The payment section will be the next step that you will need to fill in.
- By selecting ‘wire transfer’ as your option, you will be transferred to a payment gateway for your bank account, where all your necessary details will be asked of you, including the amount you wish to move over in full.
- The next stage will involve you entering the Casino details such as IBAN codes and BIC, where the location is and recipient name of the casino (listed in the fast bank transfer option for your referencing) into the payment form.
- You will have the option of selecting a fast transfer, which will usually take up to 72 hours (give or take) or a longer option that comes at no fee to yourself. This can exceed 5 working days, however.
- Once the transfer was deemed successful you should receive a notification from the casino, via email or contact number, to alert you of your newly transferred funds that are actively ready to play with!
Making A Withdrawal From A Casino To Your Bank
To make a withdrawal of winnings from an online casino site, you will need to follow through on the simple steps listed down below.
- As soon as you have decided that you have finished gaming and fulfilled your wagering requirements, you will need to make way to the cashier of the payment page, where you will need to request a withdrawal of cash from the casino.
- As soon as you enter the page, you will then be asked to choose the amount that you wish to take out, after selecting bank transfer as your main option. This will then entail a transfer form, where you will be asked to fill out all the details necessary, such as your bank details and necessary IBAN and BIC codes associated with your account. Should you not know this information, you will need to request it from your local bank and keep it for your own personal reference.
- Once you have entered your bank details and everything has been completed within the payment form, you accept the terms and time procedures associated (they will be addressed to you before your payment is authorized), then you must wait around 24 hours for the bank to validate your request. The period after this will involve the processing of your funds to the bank account you have listed.
Usually, withdrawals often take the longest to go through, because the bank will need to clear the amount from the casino, using its security checks and also the casino itself will need to validate and see if you have fulfilled your wagering requirements in the process of gambling and triggering any bonuses.
What Other Payment Options Can You Use Instead Of A Bank Transaction?
Other options that you have to use, that do not operate via bank, include the E-wallet options such as PayPal Casinos, Neteller, and Skrill. These are great options to try out as well as they all correspond with high levels of SSL encryption within their sites, meaning your transactions will be secure from any possible third parties that try to take advantage. The best aspect that arises from using E-wallets, is the fact you will be able to instantly make payments and receive withdrawals (subject to the casino and if its fast paying). However, they do tend to have low limits of around £3-£5k per transaction.
Other options that are widely considered today include debit cards, MasterCards and credit cards. These will engage higher limits then E-wallets that range from £25k to as much as £100,000! Meaning, high rollers can definitely use these options as alternatives to bank transactions, especially since their pending time to deposit is at a much lesser time of 72 hours! Many casinos do engage in personal limits, should you wish to play responsibly, and prevent extreme losses in the heart of your play.
For extreme levels of security, players could also engage with the pay by phone options that are available within most UK casinos. Pay by phone casino account transactions allow players to pay via their phone bill and not have to put down their sensitive information within the online casino. Many players find this a popular choice, however the small limits of £30 make this a very measly amount to play with if you are a player that likes to engage with high rolling bankrolls. Another negative about using this option is that it only permits deposits, withdrawals are not allowed, meaning you will need to recruit another payment option alongside it.
Frequently Asked Questions
What is a fast bank transaction?
A fast bank transaction allows a player to take funds from their main banking accounts and deposit them within an online casinos site. Fast transactions usually will take up to 72 hours, which is surprisingly fast for a banking system. Usually, they would take much longer and often overrun a complete working week to go from your main accounts and into an online casino wallet.
How long do banking options take?
Banking options will take from around 72 hours to 96 hours (if it is a fast withdrawal casino). However, if the online casino is a standard casino that is not fast paying, your banking can take longer than 5 days to clear the bank security and find its way into your wallet. The best way of finding out is by checking our lists of fast paying casinos, these will ensure that their payment processes are much faster than traditional methods. Yet, by choosing banking as your main method of payment guarantees it will always be slower than other options like E-wallets and debit cards for example. You will need to assess as the player which method fairs best for the type of gaming you have; and if you can wait the longer period needed to receive your deposits/withdrawals.
Are banking options safe to use?
Safety is the prime purpose of banks-to keep you and your money safe. Therefore it genuinely can be considered as one of the safest options available to handle your money. The bank must always take account and authorise the end receiver of your cash, meaning it will never be authorised if it is not safe for yourself. Also before the cash leaves your account you need to authorise it yourself. It is only due to the length of time that it takes to transfer the cash, that people get put off from using it as an option.
Will there be any fees involved with my banking option?
You may find that fees are applied from the bank itself when you opt to end your money internationally via different currencies. Other ways that fees can be applied are by the casino sites themselves. Not all take a fee but small casinos often do as part of their admin fees in the process of authorising your payments. Every casino differs and its best to read up into our reviews to make sure what fees may be applied in the process.
What is the limit of cash allowed to be transferred from bank accounts?
You will find that limits differ from bank to bank, however, they will often allow players to transfer any amount they wish, just as long as there are levels of security authorised for any of the higher upper limits. This is why many of the high rolling casino players often deposit and withdraw with their banks as limits are not really applied when taking management of your cash amounts and overall balance. Make sure to check with your banking operator, to see if any limits are in fact applied, daily, or monthly.