ACH (Automated Clearing House) is a bank transfer protocol within the United States. With an ACH transfer, online casino players can transfer funds to and from numerous online casinos by using their checking account. Due to banking regulations the service has become much less popular as it once was, but about a dozen listed casinos still offer it as a deposit or withdrawal method.
Overview of ACH
Unlike a conventional bank transfer, ACH can only be used to transfer money within the United States. It is generally the method of choice for online businesses who send money directly to American bank accounts. ACH differs from wire transfer in that most of the process is done automatically, only requiring a few authorizations along the way. Because of this, most complete within 1 to 3 business days.
Because online casinos cannot set up servers in the USA, they will use third-party payment processors within the US. Although most ACH transfers clear in a timely fashion, delays are not uncommon. These are usually caused when the processor faces difficulty overcoming regulations. If this occurs, the casino will usually switch to a different processor to complete the transaction.
If you have a bank or credit union checking account in the USA, you are almost certainly able to use ACH to make purchases and receive funds.
Depositing with ACH
If the casino you have chosen offers ACH as a payment method within their cashier, you may be able to deposit directly. Enter the casino for real money play, enter the amount you wish to deposit, and choose ACH from the list of available options. You'll need to input your account number and routing number to complete the transfer. Depending on casino policy, funds can be available either instantly or within a few business days.
Withdrawing via ACH
If you opt to use a casino's ACH transfer method to withdraw, you will need to basically go through the same steps you would use to deposit. Before you initiate an ACH withdrawal request, you may want to inquire about the cashout timeframe with a support representative. Then select the amount you would like to cash out, then enter your account number and routing number in the boxes. Your withdrawal, minus any applicable fees, should then be credited to your account within the timeframe stated by the casino.
Advantages of ACH
Using ACH is one of the most convenient methods of adding funds to or withdrawing funds from an online casino account. As long as you have a valid bank or credit union acount in the US, you are able to use this method. Best of all, you don't have to worry about signing up with any third party and undergoing additional verification.
Disadvantages of ACH
The primary disadvantage of using ACH is the fact that it is not instant. In fact, withdrawals can take upwards of one business week. There is also the added risk of a processor being shut down by the Department of Justice, which can mean even longer delays before you receive your funds. With all things considered, a plain wire transfer or courier check may actually get you your money faster.