Bank Transfer: The Traditional Payment Method
Bank transfers are a popular method of making withdrawal requests at online casinos. However, this method can prove to be problematic for those wishing to deposit money by following this method. Our experts tell you more about bank transfers in the online casino world.
At online casinos, bank transfers are a popular option for making withdrawal requests. Fast enough, this method is highly appreciated for its reliability and security. However, it has one major drawback: Very few people use it to deposit money.
Are you wondering how to make a deposit at an online casino?
We've used this method many times, and as you'll see, it's one of the easiest and most comprehensive methods of making casino transactions.
Our experts will share with you the best sites to play on, explanations of how to deposit and withdraw easily, but also the advantages of using this method.
The 5 best bank transfer casinos
Millionz Casino: Best wager-free casino
Bank transfer is available at Millionz Casino, as are many other ways to deposit and withdraw your money. In our full review of this casino, we explain why it manages to stand out from its direct competitors.
What we really like about this site is the wager-free welcome offer:
+100% up to $500 + 50 free spins
With over 6,000 different games, this online casino stands out with its very generous bonuses, especially the weekend bonus.
Jackpot City Casino: Best instant transfer casino
Bank transfer is an option we use a lot at Jackpot City Casino. We've spent a lot of time on this gaming platform, and one of its highlights is its welcome offer:
100% first deposit bonus up to $1,600
As you can see from our full review of this excellent gaming platform, Jackpot City offers some of the best slot machine games on the iGaming market!
Playfina Casino: Best maximum deposit casino
With a maximum bank transfer deposit of up to $6,000, Playfina Casino sets itself apart from its competitors with this amount. In our review of this online casino, we take the time to explain how it stands out, with, for example, very easy-to-use navigation.
The thousands of slot machines available will enable you to complete the wagering requirements for the various bonuses on offer.
In fact, the welcome offer is very attractive, giving you up to $1,470 + 600 free spins split between your first 3 deposits + a secret 4th deposit bonus.
N1 Casino: Best bonus casino
N1 Casino offers bank transfers for secure deposits and withdrawals.
This online casino offers its players several generous bonuses and promotions, as well as a vast portfolio made up of plenty of high-quality games to choose from.
As our experts explain in our N1 Casino review, this casino boasts thousands of slot machines, and a customer support team that stands out from the rest thanks to its professionalism.
Don’t miss out on the exceptional online casino experience that N1 Casino can award you with:
Up to $6,000 + 200 free spins split between your 1st 4 deposits
Lucky8: Best casino exclusive bonus offer
With several ways to deposit and withdraw money, including bank transfers, Lucky8 is a casino we really like. Benefit from this highly generous offer, available to newly registered users of this gaming platform:
Up to $1,000 + 200 free spins split between your 1st 3 deposits
In our Lucky8 review, we explain in more detail why this casino is one of our favorites. To give you a taste, one of our favorite reasons: The thousands of slot machines available.
What is an online casino bank transfer?
Bank transfers are widely used in online casino transactions. The principle is very simple: you send money from your bank account directly to the casino's bank, and the reverse for a withdrawal request.
This transaction takes longer than some deposit and withdrawal methods but is appreciated by players who want to receive money directly into their personal account.
This deposit method is very rarely used to deposit money, and we can understand why, especially if you're doing it for the first time.
To use a bank transfer, you'll need to enter specific information about your account (especially for withdrawals). Only people with a bank account can carry out a bank transfer transaction.
How do I deposit and withdraw using a bank transfer?
How to deposit online by making a bank transfer
To explain how to deposit money by bank transfer, we'll use Millionz Casino as our example.
Step 1: Log in to your player account and click on the "deposit" button that is typically available on the top right-hand corner of the gaming platform’s pages.
Step 2: Enter the amount that you wish to deposit. Once you have done this, click on the "bank transfer" option available.
Step 3: You'll be taken to a new page. On it, you'll find several different banks. It's up to you to choose which one you're a customer of.
Step 4: Following this, you’ll need to log in to your bank account to allow Millionz Casino's bank to make bank transfers directly from your account.
Then, simply follow the instructions, and you'll receive the money in your account very quickly. During the weekend, some banking services are not open, so your request may take longer than anticipated.
How can I withdraw money online by making a bank transfer?
Withdrawing money by bank transfer is very easy to do. It only takes a few seconds.
For your request to be validated, you'll need to respect the minimum amount required by each casino. At Cloverspin, for instance, the minimum amount is $20.
You'll need to indicate:
Your deposit amount
Your IBAN number
Your BIC / Swift
Your first and last name
Then simply accept your request, and the requested balance will be withdrawn directly from your casino account.
Depending on the site and the day of your withdrawal request, it can take from 2 to 5 days for your money to reach your bank account.
In addition to this, there are also several online casinos that offer their players instant bank transfer payment options.
Regulations governing bank transfer casinos
Casinos that accept bank transfers are subject to the same legal standards as other platforms. To ensure that a casino is legitimate, you'll need to check that it has a gaming license.
In general, Curacao and Malta licenses are the most widespread. They assure you of several things:
Both your banking and personal information is secure
Game rounds cannot be rigged by the casino
The site has the necessary funds to pay you
Depending on the regulations of each gambling commission, there may be some differences. All the sites we refer to have a gaming license, which ensures that your sessions are paid in full by bank transfer.
Is it safe to play by bank transfer?
If you deposit by bank transfer and play at a reliable (licensed) casino, then you'll have absolutely no problems.
As soon as your deposit is made, you'll receive your country's currency, and it works just as if you were in a land-based casino. You can withdraw at any time, provided you meet the wagering requirements beforehand.
The bank transfer is a currency like any other that will enable you to play at your favorite casino. We've used this method many times, and we can assure you that you'll have no problems whatsoever.
We've made over 50 deposits using this method at all the casinos we recommend, and everything has always gone smoothly.
Advantages and disadvantages of a bank transfer option
Advantages
Secure transactions
Since you're using the conventional banking system, bank transfer transactions are the most secure. The money is taken directly from your bank account, and you won't have to pay any additional charges.
In the event of problems, the transaction can be tracked from A to Z, which can be a good thing in the event of disputes.
Available at most online casinos
Bank transfers are one of the most popular payment methods, which is why most online casinos offer this option.
90% of the sites we recommend offer this method, except for those that are cryptocurrency-only.
Disadvantages
Waiting time for withdrawals
The biggest disadvantage of bank transfers mainly concerns withdrawal requests. While cryptocurrency withdrawals only take a few seconds to a few minutes to reach your account, this is not the case for bank withdrawals.
Generally, once a request has been accepted, it takes between 2 and 5 working days for the money to arrive in your bank account. What's more, since banks don't work every day, the waiting time can be even longer.
Lower withdrawal amounts than other methods
Generally, bank transfers cannot exceed a certain amount of money. This is why high rollers often prefer other methods, which offer much higher accepted amounts.
On average, the amount accepted per week is $2,500, and can reach up to $10,000 per month.
For the majority of players, these are very high amounts, but for the big bettors, this can be a negative point.
When attempting it for the first time, the deposit process can take time. Whereas it only takes a few seconds to deposit with a cryptocurrency or credit card, it takes much longer with a bank transfer.
As you've seen in our deposit demo, bank transfers take a long time to set up. This can also be particularly bad for addicts.
Now all you have to do is enter the amount you want to play, and the transfer is instantaneous. If you can't control yourself, things can get out of hand very quickly.
Terms of payment for casino bank transfers
Payment conditions are the same as for all other methods:
Play the amount of your deposit at least once before requesting a withdrawal.
Do not use techniques prohibited by the casino (bonus hunt on certain sites).
Do not use a VPN unless authorized by the site.
If you make a deposit by bank transfer, you must withdraw using the same payment method.
If you're using a bonus, you'll need to meet the wagering requirements before requesting a withdrawal.
Conclusion about bank transfer casinos
Bank transfers are a popular banking method that many choose to withdraw money, but few people use them to place a deposit.
What we like is that the majority of platforms offer this option. We've used it many times, and we've never had the slightest problem with any of our deposits.
Although there are a few disadvantages to using this method, bank transfer has one very important advantage: It's very secure. The great thing is that the money arrives directly into your bank account, and you don't have to do a thing to receive it.
