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.