If you do not fancy dealing with credit cards and e-wallets, there is good news. You can still deposit funds at online casinos via bank transfers. The Bank transfer facility has been in existence since the early days of banking. Almost everyone who owns a bank account must have must have at some point used it to transfer funds from one account to another.
If you are not familiar with the term Bank transfer, its other names include credit transfer or wire transfer; the word bank merely references the institution which facilitates the transaction. In a general sense, it is a means of transferring cash electronically from one bank account to another. The most significant advantage of this method is that it can be implemented very quickly and easily. If you have an online banking facility, you are not even required to head to the bank to make transfers. You can do it right from the comfort of your home.
If you want to start playing casino games instantly, you will have to select the bank transfer option. In this article, we shall be taking a look at the advantages of casinos that use bank transfers. Read on to learn more.
Advantages of using Bank Transfer to make a casino deposit
Bank Transfers come with numerous benefits.
Firstly, it’s a very secure and safe means of funding your online casino account. Most casino want players use a bank account to fund their online casino entertainment. To fund a casino account using bank transfer all that is required is to select the bank transfer option at the casino cashier area of the chosen casino and directly input your bank account information. The deposits are very secure, and safe. Online casinos (the reputable ones at least) take security very seriously using very secure encrypted technology. That aside, we know that banks have had my years of experience in transferring fund safely.
The instant you have deposited with this method, you can also use it to withdraw your winnings. Withdrawal requests take a few days depending on your casino of choice. In a week or less, the funds would reflect in your account.
Lastly, this is a payment method anyone can use who has a bank account. Many online casinos worldwide allow bank transfers. It doesn’t require players first to set up another account to deposit money with an online casino.
Disadvantages of using Bank Transfer at the Online Casino
As with other payment options, there are also some drawbacks to this method of payment at the online casino.
The waiting time before the money hits your account when using a bank transfer can be a bit long. Many players want to get straight into the action. You can correct this with ease by making use of an instant transfer but may incur higher fees.
Also, some players may not like the fact that they would have to disclose their information to casinos online. If you fall into this category, and revealing such information makes you nervous, then this might not be the payment option as there are indeed plenty of other payment options available which offer greater privacy protection.
It should also be acknowledged, that some banks will refuse to make transfers when money transfers are used for gambling. While this situation has got better over the years in many western countries, there are still places around the world where banks are legally obliged to follow the gambling regulations of the country. Players in the United States, for example, cannot use bank transfers to fund an online casino account.
How Bank Transfers Compare with other Casino Deposit Methods
Bank transfers are widely accepted at the online casino and given take most players have a bank account they are about as easy and straightforward as it gets to make a casino credit deposit. Nonetheless, regardless of the advantages stated above, most players are put off using this method when balanced against the disadvantages.
For players looking for a safe, secure and straightforward way to get started at the online casino, well it doesn’t get much easier than a bank transfer. But if privacy is important to you, and you want a means to deposit and play games for real money instantly, then it would be fair to say that there are better options available.
Many of the alternative options will require third-party intervention and undoubtedly entail setting up an account which may well like to your existing bank account, but it is worthwhile for players who deposit funds in the casino regularly and are prepared to make an effort.