Casinos Accepting Online Bank Transfer Payment Method

Overview of Instant Bank Transfer Deposit Method

The method by which you conduct an online bank transfer will vary from casino to casino. Some casinos offer region-specific solutions, while other options are more generalised. Other, larger casinos may be able to conduct transfers without the assistance of a third-party payment processor.

Depositing With Online Bank Transfer

Bank transfers, or "wire transfer" deposits, are among the most straightforward options if you can provide the necessary data. Before depositing, your preferred bank wire online casino will ask for your IBAN and BIC. These two numbers have become standard in all bank transactions, including international transfers. They are rather long strings of numbers that you can find on the back of your credit card.

Regarding transaction fees, most wire transfer casinos won't charge extra for online transfer deposits, as this deposit method requires no intermediary or third party involvement.

Bank wire transfers are continuously optimised, reducing delays before your money reaches your casino account. Nowadays, most banks offer money transactions in real-time. In other words, the money you deposit leaves your account momentarily, and the casino or online merchant should receive it immediately.

Don't be surprised, however, if it takes some time for your money to reach the casino; before a wire transfer goes through, your account details are verified by real people. Because of these security measures, delays of several hours or even days are possible, which is one of the downsides of this payment method.

Wire Transfer Deposit Step by Step

Here's a rough step-by-step guide to depositing at casinos:

• Go to your online casino account
• Choose the options to deposit
• Pick wire transfer/bank transfer from the deposit options
• Enter the amount of cash
• Fill in the IBAN and BIC numbers

Generally speaking, you'll need to use the casino's in-house banking processor or find a third-party solution for your location and banking institution. Once done, you must log into your bank's online banking system or provide your banking information to complete the transfer.

Withdrawing With Online Bank Transfer

Usually, bank transfers appear at an online casino as a deposit or withdrawal method and rarely as both.

One thing that attracts many players to using wire transfers is high withdrawal limits. That is unless a casino sets withdrawal limits for all payment methods. Unlike other payment services, such as e-Wallets and prepaid cards, transferable amounts are not limited when using bank transfers.

Wire Transfer Withdrawal Step by Step

The procedure may differ slightly if you wish to withdraw funds to your bank account. Most casinos offer direct-to-account withdrawals through a regional withdrawal option or international wire transfers. Although these are not technically online bank transfers, they can be initiated at the casino cashier.

Here's how:

• Go to your online casino account
• Choose the options to withdraw
• Pick wire transfer/bank transfer from the withdrawal options
• Enter the amount
• Fill in the IBAN and BIC numbers

Pros and Cons of Bank Transfer Casinos

Like any other payment option, bank wire transfers have distinct upsides and downsides. Here are some of them:

Pros

• High level of security
• No need to go through a third-party service
• High withdrawal limits

Cons

• Slow pending times
• Not offered by all online casinos
• Your banking details are processed directly

Are Bank Transfer Withdrawals Fast?

Unfortunately, the answer is no. The speed of withdrawals is one of the major disadvantages of wire transfers. While the online bank transfer is generally one of the fastest ways to get money into an online casino account, withdrawals are much slower, taking 2-5 days on average. This is due to the security measures mentioned above, making bank transfers one of the most secure withdrawal methods.

If you're not in a hurry to get your money instantly, stick to bank transfers because you can rest assured your money will be handled safely. Online bank transfers are typically safer than other direct deposit options, such as credit and debit cards. This is because your bank or a similar banking company usually manages them. Rarely must you disclose your banking information to another party (such as the casino).

Bank Transfer Alternatives

Players have numerous alternatives to bank transfers at their disposal. Although among the most secure payment options, many gamblers opt for other methods due to the slow withdrawal times offered by wire transfers. If anonymity is among your priorities, using E-wallets such as Neteller or Skrill may be better, as they allow you to withdraw the funds within hours.