Bank Transfer Payments for Online Casino Deposits and Withdrawals

A bank wire transfer is one of the oldest methods of transferring funds online and remains a very common method even today. It is safe and accepted in many online casinos but there is a trade-off: a longer processing time that can take up to 5 business days. There are instant bank transfer methods such as Sofort and Trustly that significantly cut back on the time processing required.

➕ Pros:

• Wire bank transfers are safe because they are protected by the same security features of the bank itself
• It remains a common method because it facilitates the transfer of higher deposit amounts

➖ Cons:

• This method is less discreet, compared to some other methods, such as e-wallets like Neteller or Skrill, or vouchers
• Bank wire transfers are a more expensive method of transferring funds
• Processing a bank wire transfer from the bank's side can take up to 5 business days

Online Casinos with Bank Transfer Payments

Bank transfers are commonly accepted in casinos, although they are not always directly listed on the websites. Find here our top choices for casinos that accept bank transfers.

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How Bank Transfer works

Sending a bank transfer from your account is as simple as logging in to your online bank account to make the wire payment, or make the transfer through your local branch. You'll need the account details of the recipient, and the bank will process the transfer within a few days.

Bank wire transfer deposits at casinos

To make a bank wire transfer to an online casino you will need to have the payment details from the casino, as well as a reference, that will direct your funds to your player account. While safe, it is also slow which is why some players opt to use alternative methods. Having said this, another reason for why it remains a common choice is because this method allows higher deposit amounts relative to other payment options. However, this method does compromise on discretion, as your transactions will appear on your bank statements. though a counter argument can be that this helps you keep better track of your spending habits.

Bank wire transfer withdrawals at casinos

It is also possible to withdraw funds from your player account using a bank wire transfer. Keep in mind however, that some casinos may impose higher minimum thresholds for withdrawals, while others may impose fees, given the increased cost of processing payments by the casino through this method. Also like deposits, it can take up to 5 business days before the funds hit your bank account.

Bank wire transfer fees

Each bank will determine the cost of a bank transfer, so keep in mind is these tend to be higher than many other payment methods, and take longer to process. Some casinos also charge transfer fees, so it's best to take a look at the casino and what their payment terms are before playing there.

Is a bank transfer safe?

Generally speaking, a bank transfer is possibly the safest method to transfer funds. Most banks use several online banking security features and payments have to be confirmed with unique transaction numbers. Aside from that, banks also have rigorous safety checks in place aimed to target fraudulent transactions. Most countries have strict regulations regarding banking services, but there are some differences within specific country regulations and some countries are stricter than others. A drawback is that a bank transfer to an online casino will show up on your bank statements.

Summary

Bank wire transfers have become a trusted method of transferring funds in and out of player accounts, because they can involve larger amounts, and the level of security is on par with that of the bank itself. There are, however, a number of drawbacks to this method, the most glaring of which is the involved processing time. The deposits can be sped up by using an instant bank transfer method, for example Trustly or Sofort, which are available in many countries. However, the withdrawal will have to be effected with a regular bank transfer.