BACS (Bacs Payment Schemes Limited) is a protocol for bank-to-bank transactions used in the United Kingdom. The scheme allows for payments to be sent within the United Kingdom easily. Some online casinos based in the UK allow British players to use BACS to send deposits or receive withdrawals. A list of BACS online casinos is available on this page.
Depositing with BACS
To send a deposit through the BACS system, look for the option in the cashier section of the casino you have selected. It may simply be listed as “BACS”, or, if the casino is UK-based, “bank transfer” or “local bank transfer”. These instructions may vary from bank to bank. It may be helpful to let the casino know that you intend on making a BACS deposit before sending it.
Once you have sent your BACS transfer to a casino, you may need to wait up to 3 days for the casino to receive it. However, most major banks in the UK feature 24-hour BACS transfers. Your casino balance will be credited manually once the casino gets receipt of your payment.
Withdrawing via BACS
You may be able to receive funds from an online casino via a BACS transfer. Find “BACS” or “bank transfer” from the list of withdrawal options in the casino cashier, then provide the necessary information. This will likely include your bank account number, as well as certain other identifying information. The casino will send the payment out according to their guidelines.
Please note that some online casinos may charge a fee for a BACS transfer. Make sure you understand your casino's particular rules regarding BACS transfers before submitting for a BACS withdrawal.
Advantages of BACS
Players in the United Kingdom who want to get money to and from a casino may find BACS to be a good choice. Since it works directly between banks, BACS eliminates the need for a middle man and typically reduces transaction costs.
BACS is also one of the most common ways for UK players to receive funds from an online casino. As long as you have an account with a bank in the United Kingdom, the BACS option will work for you. In most cases, funds can be in your bank account within 24 hours. Check with your bank if you would like more specific information regarding processing times.
Disadvantages of BACS
Unfortunately, BACS is not an instant service. If you decide to use BACS for depositing or withdrawing, you will need to wait for the transaction to be conducted manually. In most cases, a BACS transfer will complete within 24 hours. However, you also need to consider the confirmation time that is required by the casino to verify payment.
BACS is only available to players in the United Kingdom who play at an online casino based in the UK. If either you or the casino is not located within the UK, you will need to use an international bank transfer instead. These are generally more expensive, although they usually do not take any longer than a BACS transfer.