Online Casino Payment Methods : Bank Transfer
There are a variety of casino payment options that you can choose from when it comes to making deposits into your new online casino account in the UK. Making a simple bank transfer or wire transfer is one such option, and we’re here to tell you about how depositing works, as well as assess the pros and cons of using this method.
What is Bank Transfer?
Bank transfer casinos allow you to transfer money from your bank into your new player’s account, and unlike some other payment methods, you can also withdraw your funds and winnings in this manner. When it comes the different payment options usually offered, making an online casino bank transfer deposit is the most common way to turn real money into a credit that you can play and gamble with, whether it be on roulette, blackjack, live poker, or slots.
Making an online casino payment via bank transfer is convenient, reliable, and secure, usually taking between one and three days for your deposit to show, depending on who you’re banking with. You should also be able to make international bank transfers, but your deposited funds may take longer to appear at your casino of choice. Your first deposit bonus and any other welcome bonuses should appear as soon as the transfer is complete.
New Bank Transfer Casinos
When it comes to finding a bank transfer casino, the options are endless. In fact, depositing funds with a bank wire may be the only option offered. New bank transfer casinos include:
Why Use Bank Transfer To Deposit At Online Casino Sites?
There are many reasons why you may choose to send money to your online casino via bank transfer. The first is a matter of convenience, as once you’ve registered your casino’s details with your bank, you just need to contact your bank and confirm the amount you want to transfer. It’s also a reliable and secure method of transferring money in the UK and internationally.
Bank transfers aren’t as fast as some other methods, but you can transfer larger amounts than other methods, allowing you to max out your deposit bonus, as well as collect any free spins awarded, once the deposit has gone through.
How Do I Pay At Online Casinos Using Bank Transfer?
Players wishing to start wagering online can apply for a bank transfer easily, once they’ve registered a new player account at their chosen casino. Log in to your account and visit “My Account” and then the banking or payments section of the casino site.
When you select the bank transfer option, the casino in question should offer up their banking details which you can then give to your bank, either online, via telephone banking, or in person. For online banking, you’ll select “Make a Payment” and enter the casino’s details here, as well as the amount you wish to transfer.
Bank Transfer Average Withdrawal Limit And Pay Out Time
If you’ve had a big pay out, then we’re sure that you’ll be keen to get your winnings back into your bank account, but you should be aware that most casinos place lower and upper limits on how much you can withdraw at one time.
If you take a look at some of the casino reviews featured on CasinoRange, you’ll find that the average withdrawal limit varies between $10 to $30 min and $2,500 to $5,000 max and withdrawing via bank transfer usually takes between five and seven days, which is slightly longer than other payment methods.
Are There Any Fees Attached To Bank Transfer Casinos?
Bank transfers between UK bank accounts are usually free. So, as long as the casino you will be gaming at operates with a UK account, then there shouldn’t be any fees attached to payments or withdrawals.
However, some casino sites you visit will have overseas accounts, and in these cases, your bank may charge a small fee to send the money internationally. You should check with your bank to see what these charges are.
Bank Transfer Slots
Here is a list of the best bank transfer slots you can play online, including new and popular games from Microgaming and Netent.
Find New Slot Games
Bank Transfer Security
Bank transfers are a valued depositing method in the world of online casinos as all transactions are tracked. It also means never having to divulge your debit or credit card details to a third party, which can leave you susceptible to theft and fraud.
You need to contact your bank directly to make each and every payment, whether it be through online or telephone banking, or in the branch in person. So as long as you have chosen a trusted casino site that is properly registered and licenced (our casino reviews will cover this aspect), then this method is an extremely secure one.
Mobile Casinos Using Bank Transfer
If you like the idea of having a casino in your pocket so you can game on the move, check out these casinos that will all happily accept bank transfers for payments.
Recap Of The Advantages And Disadvantages Of Bank Transfer
- ✔ Widely accepted payment method
- ✔ Secure and reliable transactions
- ✔ You can transfer large amounts to receive bigger bonuses
- ✔ You can make withdrawals using this method too
- ✔ Usually no fees between UK accounts
- ❌ Payments are not instant
- ❌ You may incur fees withdrawing dollars into pounds
Welcome Bonus Available Using Bank Transfer
If you’re looking for a great welcome bonus for joining a new online casino that accepts bank transfers, check these out! Bonus games, extra spins, and free credit await.
What Is Bank Transfer?
A bank transfer describes the exchange of real money between your bank and your casino’s bank.
When Was Bank Transfer Created?
Surprisingly, bank transfers have been used since the 1800s, making this payment method the oldest and most established way of making remote payments.
How To Use Bank Transfer Method To Deposit?
Once you’ve established your chosen casino’s banking details, you can use them to make a payment at your bank, online, by telephone, or in-person in the branch.
Is Bank Transfer Secure?
Yes, bank transfers are a very secure way of sending money to your online casino site as all transactions are tracked, and no card details are exchanged.
Are There Any Fees Using Bank Transfer?
As a UK bank account holder, you should be able to make bank transfers to other UK bank accounts for free. If your casino has an international account, then there may be fees involved so you should check with your bank first.
What's The Average Pay Out Time Using Bank Transfer?
After you’ve requested a pay out, depending on your casino’s processing times, your winnings should appear in your bank account between two and seven working days.