Bank transfer which is popularly referred to as wired transfer is one of the most widely used banking methods among players in online casinos. This payment method allows you to transfer money from one person to another or a particular group of people. This payment method is accepted by most online casinos and it has its advantages and disadvantages. It is among the oldest method of payment and in this article we will be exploring how to use it to make payment online. You can check out https://www.1001onlinecasino.co for the best casino that features impressive games in their library.
Bank Transfer as a Method of Deposit and Withdrawals in Online Casinos.
The first step to using bank transfer is signing up with your preferred casino. After sign up, a casino account will be opened in your name and a casino profile is created for you. After this, you can check out your profile to find the "My Account" menu. Then you can click the deposit option in the menu, you'll be prompted to choose among several other options. You can then choose bank transfer as your payment method. You will be prompted to input the amount to deposit, then the interface re-directs you to your mobile app or banking page of your financial institution where debit will be done.
- Open a casino account
- Go to the Cashier option and choose bank transfer
- After your transaction by confirming from your bank.
To adequate verification and authentication, some financial institutions use One Time Password (OTP) to ascertain that the request is originating from the account owner. In terms of processing speed, payments made using bank transfer are processed instantly. Besides, no transaction fees are charged by the casino when you use wire transfer in making a deposit. However, the financial institution you're banking with might deduct a fee on your transaction as they would do for any other transaction. You will also be charged a currency conversion fee if you're making a transaction that requires you money to be converted from one currency to another.
Withdrawing your winnings in an online casino with bank transfer has the same procedure as depositing into your account. In the cashier page of your account, click on the withdraw option and select bank transfer as your payment option. After this, you can select the amount you want to withdraw from your account, then you will also need to specify the account details you want the payment to be made into. Making withdrawals via bank transfer can take up to 7 days in some online casinos. Asides this, some online casinos may require you to verify yourself before you can proceed to withdraw.
Top Casinos that accept Bank Transfer
As we have earlier explained in this article, there are several online casinos that allow players to use bank transfer as a mode of deposit and withdrawal. Before you join any bank transfer casino, make sure it has a traceable track record. You need to consider the license the casino holds and ensure it is from a reputable licensing body. Some of the popular licensing body in the iGaming industry are Malta Gambling Authority, UK Gambling Commission and so on. Besides, you need to check the games available in the casino library and whether those games can be played for free.
Another factor you need to consider is the customer support of the casino. It is important to know how long it takes a casino to respond to queries. Some of the channels you can use to reach an online casino's support are fax, email. live chat and so on. You can also check out the FAQ section of the casino to read question and answers from the casino. Besides you need to play in a casino that has a secure website. Top casinos use firewall and SSL (Secure Socket Layer) to make sure their casino is adequately secured from security breaches.