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.
Bank Transfer Benefits.
Firstly, it’s a very secure and safe means of funding your online casino account. Most casinos want players to use a bank account to fund their online casino entertainment. To fund a casino account this way, all you need is to select the bank transfer option at the casino cashier area. This way is not the fastest way to fund an account or cash-out your money because any transaction of this type need a few days at least to transact. The speed is not the only issue that can arise. Also, large deposits and withdrawals may attract attention from tax advisors, government and banking institutions.
Lastly, this is a payment method anyone can use who has a bank account. Most online casinos worldwide allow bank transfers. It doesn’t require players first to set up another account to deposit money with an online casino.
Drawbacks to this method
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 Bank Transfer Casinos might not be the best 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 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 a foreign online casino account.
Many of the alternative options will require third-party intervention and undoubtedly entail setting up an account that may well likely be your existing bank account, but it is worthwhile for players who deposit funds in the casino regularly and are prepared to make an effort.