Direct bank transfer

Direct bank transfer is a type of payment that allows the player to deposit funds at a casino by doing a simple transfer of money between two bank accounts, his own, and that of the casino. This method of transfer is available in 29 countries. There are pros to this method of transferring money, but there are also some downsides, such as the waiting period before the transaction is complete. It can take up to three days for the funds to clear, during which time the player can’t use the money to play.

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How it works

There are a couple of steps that have to be followed in order for this method to be used. First of all, you need a bank account, with a sufficient amount of cash to cover what you want to deposit with the casino. Next, you need to use the casino software, or their website, and choose to add funds via direct bank transfer. Pick the country and you will get instructions on how to proceed further. The casino will give you details of a bank account where the money should be transferred, details which are different for each country. Head on to your online banking account, or to your local bank, and make the transfer by using the details you got from the casino. The casino will give you a reference number, which must be quoted for the transfer, so when they see that transaction, they have an idea of the account that should be credited with the money. It then takes a couple of days for the transfer to be made, sometimes up to five.

Deposits and Withdrawals

This method can be used for both deposits and withdrawals, and whether both are offered depends on each casino. Either way, this method of payment takes a couple of days, but some might prefer it because it’s safer. With large sums of money some players prefer to use direct bank transfers instead of credit card payments or other methods.

Fees

The fees associated with this method are those that are applied by the bank when you’re transferring money out, or in.

Safety

It’s one of the safer ways of transferring money to a casino, since you go to a separate location to make the transfer, you don’t give them any of the details. You either use internet banking, or you go to a real bank to send the money, so there is no way for the casino to mishandle your financial data.

Conclusion

As long as you have the patience for it, direct bank transfers are great ways of adding funds to casino account.