Bank Transfer

Bank Transfer payment method is the most common medium used for making transactions. It is faster and most secure in terms of making payments. It is also termed as a wire transfer. It involves transferring funds from one bank account (usually the buyer) to another account (merchants or businesses). It’s the safest way to transfer the money as there is no chance of a chargeback.

How Does Bank Transfer Payment Method Work?

If you have been a finance or accounts student, you already know how transactions through banks are being carried out. However, we still exhibit this process in this section.

When the customer at the time of checkout chooses to pay via Bank Transfer for the purchases, the merchant provides its business account details. The customer then fills up all the requirements along with the amount to be paid. The amount is then reflected in a merchant’s account after a while.

In the past decade, the Banks systems have evolved according to the modern world. As the days pass, the world is becoming more digitized, the Banks have also advanced their system by using state-of-art technology. Banks have introduced a different transfer method to facilitate their customers. Such as:

  • Internet Banking
  • Telephone Banking
  • Mobile Banking
  • Online bank transfers like ATMs
  • In-person cash Payments through banks to the merchant’s account.

Bank Transfer payment method at online casinos

Almost all online casinos accept the bank transfer payment method as it is one of the oldest payment modes. The casinos accepting Bank transfers are referred to as the most reliable. However, Bank Transfer casino payments require authentic casino’s account details.

First deposit bonus:
100% up to €200 plus 100 free spins
T&C's apply
Available games
Craps
Live Casino Games
Scratch Cards
Slots
Table Games
Advantages
UK Gambling License holder
Attractive welcome offer
Mobile friendly website
Disadvantages
Low cash out limits
Live chat availible only 08:00 - 00:00 CET
Languages restriction
Review
Established
October 20, 2020
Registration bonus:
$3000 plus 300 free spins
First deposit bonus:
25 free spins for all new players
T&C's apply
Available games
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Blackjack
Craps
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Roulette
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Sports Betting
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High cash out limits
Bitcoin payments is supported
Mobile Apps for Android and iOS
24/7 support via live chat
Disadvantages
Long withdrawals process
Sport bets takes priotity over casino games
70% of the deposit must be bet to allow withdrawal
Review
Established
October 20, 2020
First deposit bonus:
100% up to $/€200 plus 20 free spins
T&C's apply
Available games
Craps
Live Casino Games
Scratch Cards
Slots
Table Games
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Attractive welcome package and monthly cashback
Live casino availible
Good variety of games
Bets game providers
Disadvantages
Long withdrawal process
Low cash out limits
Support availible only 08:00 - 00:00 CET
Review
Established
October 20, 2020
First deposit bonus:
100% up to €/$100
T&C's apply
Available games
Baccarat
Blackjack
Craps
Live Casino Games
Poker
Roulette
Slots
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High cash out limits
24/7 live chat
Best game providers
Atractive VIP program
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Country restrictions
Long withdrawal process
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Established
October 20, 2020
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First deposit bonus:
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T&C's apply
Available games
Blackjack
Craps
Live Casino Games
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Table Games
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Apps for Android and iOS
Big cash out limit
24/7 support via live chat and email
Very fast withdrawal
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Welcome bonus depends on the player's location
No video poker games
US players are restricted
Withdrawal limits differs per location and payment method
Review
Established
October 20, 2020
Registration bonus:
100 free spins plus 10 free spins for the next 10 days
First deposit bonus:
100% up to €100 plus 500 free spins
T&C's apply
Available games
Live Casino Games
Poker
Slots
Table Games
Advantages
Generous welcome offers and deposit bonuses
Mobile-friendly casino
High cash out limits
Live chat support availible 24/7
Disadvantages
High minimum withdrawal limit
Limits on the operation of player accounts can be changed by the operator
Countries and languages restrictions
Review
Established
October 20, 2020
First deposit bonus:
100% up to $/€150 plus 55 free spins
T&C's apply
Available games
Baccarat
Blackjack
Craps
Live Casino Games
Poker
Roulette
Slots
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Fast withdrawals
Support available 24/7
Payments in cryptocurrencies are supported
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Country restrictions
Strict wagering requirements from bonuses
Big winnings are paid in several instalments
Bank transfer in USD isn't available
Review
Established
October 20, 2020
First deposit bonus:
100% up to $100 plus 300 free spins
T&C's apply
Available games
Blackjack
Live Casino Games
Poker
Roulette
Slots
Table Games
Advantages
Mobile Apps for Android and iOS
Great welcome offer and atractive VIP program
Best game developers
Disadvantages
Casino gets a fee for some withdrawal methods
Support isn't available 24/7
Countries and languages restriction
Review
Established
October 20, 2020
Evobet
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Available games
Live Casino Games
Poker
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Cash-back for players every week
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Live chat available only during working hours
Winnings over €10000 are paid in instalments
Low daily withdrawal limit
Review
Established
October 20, 2020
First deposit bonus:
100% up to $/€500 plus 250 free spins
T&C's apply
Available games
Baccarat
Blackjack
Craps
Poker
Roulette
Slots
Table Games
Advantages
Atractive welcome bonuses and VIP program
Support availible 24/7
Payments in cryptocurrency are supported
Mobile adapted website
Disadvantages
Low withdrawal limits
Strict wagering requirements for bonuses
Skrill and Neteller deposits don't promote
Big winnings (over €14000) can be paid in instalments
Review
Established
October 1, 2020

Bank Transfer Deposits

Bank Transfer Deposits can be made to all types of online casinos. The process of deposit funds to the casino’s account is simple. It requires some authentic information from the casino like:

  • Casino’s account name
  • Bank name and address
  • Account Number
  • Account type (SWIFT / IBAN)

The clearance can take from 5 seconds to 5 days, depending on the Bank’s performance. The minimum deposit of $10 can be transferred to the casino’s account. Remember, there is always a hidden fee attached to every payment method, same with the Bank Transfers, especially in the international Bank transfers.

Bank Transfer Withdrawal

All casinos support withdrawal through Bank transfer. The procedure is somehow the same as making a deposit. However, it can take days for the money to reflect into your account. So it is highly recommended to look for other options available at online casinos for withdrawing your winnings.

Bank Transfers Pros & Cons

Bank Transfers Advantages

  • The transactions are performed with a secured and safe system.
  • Bank Transfer payment methods are more convenient, especially wire transfer through internet banking. The customers can perform them from the comfort of their homes.
  • It is accepted worldwide.

Bank Transfers Disadvantages

  • Sometimes the merchants or buyers have to face delayed payments because of clearing issues from the banks.
  • Not recommended to online buyers to use this method for payment as it is difficult to get the money back if you are dealing with fraud.