Online gambling has seen an explosion in popularity ever since it first came into existence, thanks mainly to the secure gaming environment that they are able to provide to players. Today, transferring money into an online casino account is not a big issue; it is totally secure, safe, and fast too. There are a large number of online payment methods and e-wallets available today. Even then, one of the most sought after online payment methods continues to be bank transfer.
bank transfer overview
A bank transfer is the simplest and most uncomplicated way of depositing funds into your online casino account. There are no third party entities involved, no security issues; all it involves is transferring the money from your bank account into your online casino account. A bank transfer is another form of a wire transfer, wherein you remit money from your bank account into your casino account.
There are four main types of bank transfers. These are:
- Domestic transfers: These transfers occur within the same country.
- International transfers: These transfers occur across countries.
- EU transfers: Also called EU-Standard transfers, these occur between different countries of the European Union, and cost almost the same as a domestic transfer.
- Single Euro Payments Area (SEPA) transfers: These are available across the entire European Economic Area (EEA) since 2008.
You can use a bank transfer to not just deposit money into your casino account, but also withdraw your winnings from it. Some casinos offer this option for both depositing and withdrawing funds, while some others offer it only for withdrawing money, mainly because bank transfers can take quite some time.
The best thing about bank transfers is that they are secure: banks have some of the most sophisticated online security technology to protect their customer’s money, including firewalls as well as 128-bit secure socket layer (SSL) encryption, which means all these measures are there to protect your money as you transfer it to your casino account.
countries and territories supported by bank transfer
Bank transfers are available to players from almost all over the world. Some of the countries where it is accepted are:
- Bosnia & Herzegovina
- Czech Republic
- Hong Kong
- United Kingdom
- United States of America
how does a bank transfer work?
When you do a bank transfer, you basically transfer money from your bank account into another account; in the case of online gambling that account would be your online casino account. This transfer can happen electronically or using a payment slip. Mostly, in the case of online casinos, this transfer happens electronically.
Making a bank transfer is fairly simple; you must, however, have a bank account and also ensure that the casino you want to play in offers bank transfer as a payment option. You first register yourself with the casino and open an online casino account.
Then, to fund this account, go to the casino’s banking section and choose bank transfer as the preferred payment method. Once you do this, mention the amount you want to transfer and also select the bank you have an account in. The homepage of that bank’s website appears. Log into your bank account, fill in the relevant details, and click the appropriate button to trigger the transfer. The money gets transferred to your casino account and you get a notification to that effect.