A cashier's check (cheque) is a type of payment that is backed by a financial institution. It differs from a regular check in that it is guaranteed by the bank it is issued by rather than an individual account within the bank. For this reason, cashier's checks are generally seen as more reliable than regular checks. If you are interested in using cashier's checks to gamble online, check out the cashier's check casinos on this page.
Depositing with Cashier's Check
If you find an online casino that will accept a cashier's check as a deposit method, make sure they will support checks issued by your particular bank in your country. This will generally not be an issue. Then, go to your bank and ask the teller for a cashier's check: you do not need to have an account at the bank to do this. Just make sure you have enough cash on hand to cover the amount of the check along with the fee for the service. Then, get the address of the casino's finance department and mail the check. It may be a good idea to let the casino know you have sent the payment. Once the casino receives your check, they will credit your account with the funds manually.
Withdrawing via Cashier's Check
If you win an amount at a casino that supports cashier's check, you can request a withdrawal easily through the cashier. Just log in and choose “cashier's check” from the list of available withdrawal options. After your withdrawal is approved, the cashier's check for the amount of your withdrawal, minus any fees, will be sent to the address on file with the casino. Deposit it at your bank to receive your funds.
Advantages of Cashier's Check
As both a deposit and withdrawal method, cashier's checks have the benefit of privacy. Cashier's checks offer you the ability to do business with a casino without having to disclose your sensitive financial information. Since the check is backed by the bank itself rather than an account, you don't have to worry about the funds bouncing.
Disadvantages of Cashier's Checks
Unfortunately, cashier's checks are not a fast way of getting money into and out of an online casino. If you send a check to deposit, you can expect to wait at least a full business week before your funds are available for play. Players looking for instant gratification will definitely want to find a different method to play if at all possible.
Due to the increased prevalence of fraud, cashier's checks do not clear your bank instantly like they used to. If you receive a withdrawal from a casino in the form of a cashier's check, you can expect to wait 2-3 business days before the funds will be available for use.