What Is Bank Transfer?
Bank Transfer, also known as Wire Transfer, is one of the oldest and best known forms of money transfer between two parties – from one bank account to another. Whilst this is quite a time consuming and involved process, it is still one that some casinos offer. There are some reasons why this method is still used and seen as a good choice for online casions players:
- Trustworthy –an old and tried and tested method with full encryption for security.
- Familiarity – for consumers who understand the process.
- Can be used to make withdrawals directly to your bank account.
Of course, Bank Transfers have been around for years, but now you don’t need a fax machine to make them! All the information required can be filled in online on a form and the transfer processed thereafter.
Where Can I find a Casino That Accepts Bank Transfer?
The following casinos all accept Bank Transfer:
10 Extra Spins – NO DEPOSIT100% Up To £100 + 100 Extra Spins on 1st Deposit
18+, Ts and Cs APPLY – Minimum Deposit £20
100% Extra Up To £100 And 50 Extra Spins
18+, Ts and Cs APPLY – Minimum Deposit £10
How Do I Make a Deposit With Bank Transfer?
Making a bank transfer to deposit or withdraw funds can be a little time consuming and you will require information that you may not normally use, including information like banking codes – SWIFT and iBAN. Both your bank and the casino bank needs to verify the information and this may take a few days.
In simple steps this is what you need to do:
- Log onto your casino.
- Click Deposit and head to Bank Transfer or Wire Transfer.
- You will see a page with the casinos bank account details. Use these to fill in your own banks Transfer Form.
- Make sure you use the casino’s code when depositing to identify your transfer.
- Wait up to 5 days to receive an email from your casino saying your deposit has been received.
NOTE: You must fill in all your details correctly to ensure that the transfer goes thtrough properly. Any mistakes can cause long delays and a lot of frustration!
How Do I Make a Withdrawal With Bank Transfer?
Making a withdrawal from your casino to a bank account is commonplace. It’s very simple to do and you can pretty much follow the same deposit process but just in reverse. You will need to fill in your own banking details as the destination account, including IBAN and SWIFT codes where appropriate. It will then take up to 5 working days to receive your money.
What are the Advantages of Using Bank Transfer?
The key advantage with Wire Transfers, or Bank Transfers, is that they are safe and secure. All banks use very effective security and encryption protocols when setting up bank transfers which means your information is unlikely to be hacked.
It is also easy to withdraw with this process as well, and takes the same time as many debit and credit cards.
What are the Disadvantages of Using Bank Transfer?
There are some disadvantages to using Bank Transfer. Firstly, the process is quite long and complicated when you first try – you will need information like IBAN and SWIFT numbers that you will need to contact your bank for. The deposit process, unlike any others, will also not be completed immediately.
Watch out as well for fees – if there are any, your casino will normally display them on their payment information pages.