Instant bank transfer casinos allow swift and secure moving of money from one bank account to another. Despite a surge of novel payment services in recent years, instant bank transfer still holds its own when it comes to speed and reliability of money transactions.
Overview of Instant Bank Transfer
Instant bank transfer, or IBT, is a type of bank-to-bank money transaction that allows immediate or close-to-immediate transfer of funds from, say, consumer to merchant, including online casinos.
Instant bank transfer has, since the 2010s, become incorporated into the systems of banking institutions around the world. As a result, the time it takes the money to reach the destination has been substantially reduced. Some of the best instant bank transfer casinos rely on this technology to process deposits in a near-instantaneous fashion.
One of the main features of casino sites that accept fast bank transfer is security; few payment gateways match the security protocols of a bank transfer. Also, you get withdrawal limits that are much higher than most other casino payment methods.
Instant Bank Transfer Expected Fees
In general, banking institutions don’t charge fees for moving money via instant bank transfers. This is especially true for banks that are part of the same payments area. SEPA - the Single Euro Payments Area - is a perfect example of this.
Citizens in all countries using Euro as their currency can send and receive money without any additional charge. However, the situation is quite different when transferring money internationally.
The so-called international instant bank transfers will incur fees, so make sure you are aware of any potential charges when sending or receiving money via this method.
How to Make a Deposit with Instant Bank Transfer at Online Casinos
Playing at online casinos with instant bank transfer will have you see your deposits reflected almost instantly in your casino balance; here’s how:
- Log into your account. Once you’ve settled on a casino with instant bank transfer, log in or register.
- Go to the cashier. Navigate to the banking section of your preferred instant bank transfer casino and find it among the payment systems available.
- Enter the amount. Choose the amount you want to feed into your casino account and enter the amount, along with the required information (banking details).
- Confirm the transaction. Review the information by double-checking your details before you complete the transaction.
How to Withdraw Funds with Instant Bank Transfer at Casinos
Online casinos accepting instant bank transfers allow withdrawals, too. Here’s a generalised process of cashing out at instant bank transfer online casinos:
- Go to the cashier. Navigate to the cashier and switch to withdrawals.
- Pick instant bank transfer from the list. If the payment method isn’t automatically set to instant bank transfer, select it from the list of options.
- Enter the amount to withdraw. Also, add missing details and double-check that they are correct.
- Confirm the transaction.
Advantages of Instant Bank Transfer
Among the advantages of playing at the best instant bank transfer casinos are:
- High limits. Unless capped by the casino, real money instant bank transfer casino transactions are generally limitless, allowing you to deposit and withdraw higher amounts than most other payment methods.
- Widespread acceptance. This payment gateway is available at most casino sites, including the newest casinos.
- Security. Instant bank transfers have been around for longer than most e-wallets, which speaks volumes about the security of this method.
Disadvantages of Using Instant Bank Transfer
The benefits of using instant bank transfer at online casinos are numerous, but the deposit method does have a few downsides:
- Delays. Although instant bank transfer deposits are practically instantaneous and immediate, withdrawals take some time.
- Fees. Another downside to playing at instant bank transfer casinos online is fees. Although interbank transactions within a specific area are free, international transactions do incur fees.
These percentages are not negligible, so try to learn this information beforehand directly at the casino as we don't mention it in our casino reviews.
As a result, instant bank transfer might not be the most convenient way to get your money from a casino. The reason for this is the time it takes for your funds to reach your bank account. However, if the speed of transactions isn’t your top priority and you don’t mind waiting, then you should, by all means, try casino sites that accept fast bank transfers.
