Bank Transfer Logo
Bank Transfer Logo
Bank Transfer Logo

Bank Transfer

Making a deposit to your online casino account is able to be done via many different options today. However, at one point, the amount of options offered for this were few and far between. The only alternative to making a credit or debit card deposit was a bank transfer, and this particular option is still utilised for both depositing and withdrawing today. It’s still considered, by many, to be one of the safer forms of transferring money. It’s also the oldest methods of purchasing goods and services, not only online, but in general. It acts as a very tried and tested choice, although it is also known as one of, if not the slowest  option.

Wire transfers, as they are sometimes called, is a method of electronic funds transfer from one person or body to another. This can usually be done by transferring money from one bank account to another, or via a transfer of cash at a cash office. This particular way of sending money from one place to another was launched way back in 1872, by Western Union. Using passwords and code books, a telegraph operators in one office could essentially “wire” money, which had been paid to that office by the sending customer, to another telegraph office, enabling the receiving customer to collect it. Cut to five years later, and the service had already been used to transfer almost $2.5 million each year.

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How to Deposit Into Your Online Casino Account Using This Method 

Bank wire transfers need to go through a certain process in order for the funds to go from one account to another. This is, unfortunately, why they’re one of the longer methods of depositing. Every online casino offering this as one of its depositing methods, should also provide details of a bank account and address to send the money to. This is usually found on the cashier page once you select the bank transfer as your preferred payment method, and you’ll need to keep all the details with you in order to begin the process.

These details need to be taken to your bank, and you’ll need to fill out a transfer form, whether that be a physical form in a land-based bank, or a digital form via the online version of your bank. Of course, if you do it online, it will need to be done via your own personal bank, as the money will be taken directly from your bank account. There are sometimes options in land-based establishments, which enable you to take cash to a bank that you don’t have an account with and send a bank transfer, or cash transfer as it is sometimes called.

The details of the bank account that your deposit is being transferred to should include the account number, IBAN and address. Once you’ve filled out these details, as well as the amount of money you would like to deposit, you’ll need to hand this over to the bank teller, or in the case of online banking, submit the form. It’s also ideal to write some form of reference on your bank transfer, which enables both the online casino and yourself to keep tabs on the transfer. The casino should be able to locate the transfer to you with this reference, and then once it arrives, they can add it to your casino balance. This whole process is usually completed within three to five business days, although in some rarer cases, can take up to 10 days. 

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What Benefit Is There to Making a Bank Transfer? 

It may be a slow method of making your deposit, but it is one of the depositing methods which is available at just about all online platforms. However, despite its slowness, it is considered to be one of the safest methods of transferring your money, because there aren’t any details which can be potentially stolen. When making credit or debit card transfers, you obviously need to input your card details, which some people believe to be too risky for them. And using eWallets is fine, but they also need to be funded in some way, which again could lead to card details. Bank transfers, on the other hand, only require you to have a bank account. Because the funds you’re sending are being taken straight from your bank account and transferred straight into another one, there aren’t any card details for potential threats to steal.

Not only that, but players also have the option of utilising this option for making withdrawals. It takes just as long for you to receive your funds as it does to deposit them by wire, but again, it offers up a safe and secure method of doing so.

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