How does Deposits and Withdrawals work?
At this page, you will see a complete list over all the best online casinos that offers Bank Transfer as a payment method. Unfortunately, these deposits and withdrawals are very slow, it can take up to five bank days for one transaction. This is also the reason why this payment method steadily is losing its popularity, due to the newer and quicker payment methods. Some of the more popular payment methods right now are debit/credit cards and eWallets such as Neteller and PayPal.
Bank transfer is very simple and easy. Just like it sounds, it is a transfer from one bank account to another When you select bank transfer as your preferred payment method in an online casino, you will usually be asked to fill in your personal information, including an “IBAN” numbers. IBAN is your international bank account number and you will easily find this number from your bank’s website.
In spite of all of its advantages, Bank Transfers have recently been losing a lot of users in the online casino world. Payment solutions must be easy to use and safe of course, but speed is almost equally important today and Bank Transfers are the slowest type of payment method today. More and more players are attracted to the swift and secure online payment systems that can guarantee not only successful money transfers, but with lower costs.
Advantages with this Payment Method
- You´ll receive your winnings directly to your bank account without intermediaries.
- High traceability of all your transactions.
- Quick and easy.
- Very secure.
- You will use your own bank.
Disadvantages with this Payment Method
- If the casino does not have the same bank that you use, it may take a few days before a transaction is completed.
- A Bank Transfer payment quite slow, both for depositing and withdrawing money.
- The payment procedure can be a bit tricky depending on which bank you have.
Bank Transfer – Review and Conclusion
Bank transfer is one of the most common payment methods out there. This payment method has both positive and negative sides to it. This is the oldest way of transferring money and there are some limitations. Basically, it’s a transaction from one bank account to another and sometimes it can take more than 4 days, which is really long in the online casino world. However, this is the safest way of transferring money and it’s very easy to trace.
Wire transfers are slowly but steadily losing their popularity among casino players. The new and better payment methods are much faster and easier to use. One really good thing with bank transfers is that they don’t cost any money. If you are transferring much money, perhaps this is the best payment method for you. The most popular payment right now are eWallets. During the last couple of years, they almost have the same security as bank transfers, but they cost money.