Bank Transfer at Casino 2021
Bank Wire Transfer is an easy way to transfer funds from one bank account to another. In the world of online casinos, bank transfers are one of the most affordable transfer methods for both deposits and withdrawals. While bank transfer has several disadvantages. It is one of the few ways a player can directly deposit or withdraw funds from an online casino without using third-party merchants.
Bank Transfer Overview
Wire Transfer is a type of financial transaction that is carried out through SWIFT, SEPA or other local pallet protocols.
To deposit via bank transfer, you must obtain bank details from the online casino where you wish to deposit. Depending on the casino, they will be located either on their websites under the “Make a Deposit” section. Then, using internet banking, you can easily make a bank transfer using the details received at the casino or make a payment through a bank branch.
Benefits of bank transfers
Casino bank transfers and casino winnings make it possible to do without a third party or payment aggregator. This greatly reduces the risk of identity theft as your data does not leave the casino. What’s more, while wire transfers are not instant, you will not be subject to any third party processing times.
Disadvantages of bank transfers
The reason most people refrain from using bank transfers if there is an alternative is the manual effort required to get them started. While not needing a third party is nice, it can be tricky to find the information you need to make a deposit or withdraw funds.
Wire transfers can also be quite expensive depending on your location. In addition to processing fees that the casino sometimes deducts from the withdrawal amount, your bank will almost certainly charge you a fee after receiving the transfer. For this reason, at most casinos, you can only withdraw money by bank transfer if your balance is at least a few hundred.