Is an eCheck a Good Deposit Method to Use at Casinos?
As far as convenient deposit methods go, an eCheck is virtually unbeatable. All you have to do is enter information directly on a check, which should be as easy as opening up your checkbook and copying down a few numbers. This is about as convenient as using a credit card.
Additionally, deposits made with eCheck are usually available instantly, so you do not have to wait long in order to start playing. Depending on the casino, you might not even have to do any preparation steps in order to use the eCheck method.
What’s more, transactions conducted using eCheck typically have lower processing fees than payments made using credit card payments, which makes them a preferable payment method for many, and in particular, plenty of online casinos in Canada.
How to Make a Deposit with an eCheck at Online Casinos
To use an eCheck, you will first need to have an account with an eligible banking institution. Because various processors and countries handle checking differently, the types of institutions that are eligible will vary from casino to casino. Make sure to check with a casino’s support representative whether your bank can be used as a source for eChecks.
Once you've established that you can use your bank at your chosen eCheck casino, this is the process:
- Open your preferred eCheck casino
- Log into the cashier
- Select the eCheck deposit method (the name of this may vary based on the processor used)
- Enter the amount you wish to deposit
- Enter the information you have on a paper check (the best way to do this is to get a paper check you have in your checkbook and fill out the information as asked by the eCheck page)
- Once you have completed the form, hit submit
- Your deposit should be credited automatically, assuming you have enough funds in the linked bank account. However, bear in mind that in some cases it may take between 1 and 3 working days for the funds to appear in your casino account balance
How to Withdraw Funds with an eCheck at Casinos
Unfortunately, while an eCheck is a popular and convenient way to deposit funds into your casino account, numerous casinos do not offer the option of withdrawing money using an eCheck.
Therefore, if you like conducting your payment transactions using the eCheck method, make sure you check with your casino directly whether or not they accept eCheck as a withdrawal method, as well. If the answer is no, be sure to have an alternative withdrawal method in mind so that there are no unpleasant surprises further down the road.
If your eCheck casino allows withdrawals to be done using this payment method, the steps are as follows:
- Open the cashier
- Select eCheck from the withdrawal method list
- Enter your correct details
- Select the amount you wish to withdraw
- Wait for the bank to process your request
- Your funds should be ready in 3 days at the most
Disadvantages of eCheck When Using It at Online Casinos
Unfortunately, the convenience of eChecks is dependent on the processor the casino uses. Some online casinos may require you to sign up with a third party in order to process your check payment, which may take up to several business days.
An eCheck also lacks the security of many other online deposit methods. Since you must disclose sensitive banking information in order to use it, there is some risk that it will be compromised. Although most online casinos and processors use encryption to prevent this, a virus or other kind of security breach on your computer could leave you vulnerable.
Lastly, as stated already, there are plenty of online casinos where an eCheck cannot be used as a withdrawal method. If you would like to use eChecks to deposit, make sure you discuss withdrawal methods that will work for you with the support staff beforehand so you can find an alternative option. If you would like to get your money directly back to your checking account, make sure to ask about the casino's bank transfer, ACH, or wire transfer methods.
Should You Use an eCheck at Online Casinos?
Whether or not you should use an eCheck for depositing at online or mobile casinos is entirely up to you. The most important thing is to weigh the pros and cons, know what makes an eCheck convenient and how it compares to other payment methods such as credit cards, debit cards, or e-wallets, consult our casino reviews for all other necessary information that will help you make your decision, and have fun playing your favourite casino games at your casino of choice. Good luck!
