What are the pros and cons of using an online bank transfer?
Online bank transfer: Pros and Cons
- Available at most US casino sites
- Uses secure digital encryption technology
- Lets you get most sign up deposit offers
- Massive maximum deposit limits
- Very slow for deposit and withdrawals
- Often high minimum limits
- Not available at some US banks
Making a payment at a bank transfer casino
Here at Wetten, we believe it should be as easy and intuitive as possible to choose your perfect online casino partner, create an account, deposit funds and start playing all your favorite games with real money. We donât say âNoâ to a generous Welcome Bonus package either, as that can really help to boost your initial deposit on any betting site across the US!
But unfortunately, not all online casinos agree that the process should be frictionless, with a small minority making it a complex and frustrating business trying to work out which payment methods are accepted. However, one payment and withdrawal method thatâs been on the scene for the longest time now is the good, old-fashioned bank transfer.
Thereâs a huge number of online casinos that accept bank transfer payments, and weâve listed all the best ones right here on this page, making it exceptionally easy to narrow down your options and find your ideal operator. To make it even easier for you to get started, weâve also put together a useful step-by-step guide to using a bank transfer casino, so you can get straight down to using your funds at your preferred casino with the absolute minimum of fuss.
Additionally, if your state is regulated, you can take a look at sweepstakes casinos. Unlike traditional online casinos, you canât directly deposit into your account with real money. However, you can buy Gold Coin packages and redeem winning Sweeps Coins for prizes, including cash prizes. Payment options will vary if you decide to make a purchase, with bank transfers a typical option.
Sweepstakes casinos are a great option, and they are available in many states, even where gambling is legal. Playing at a social or sweepstakes casino allows you to play for free and play casino-style games, whilst having the option to make purchases if you want to extend gameplay and also redeem prizes.
Sign up and create your account
Once youâve decided on an online casino operator, click or tap on the Sign Up button and enter a few personal details to create your new account. Youâll usually be asked to provide your name, address, date of birth, contact information and at least part of your Social Security number to verify that youâre legally allowed to gamble.
Remember to quote any necessary promotional codes at this point in the account creation process, to claim your introductory bonus award. Not all casinos require a code, but most of them will ask you to opt into the promotion. Some casino operators will ask you to click a link to verify your email address, in order to activate your new account.
Select your payment method
Navigate to the Cashier section of your new casino account and select âbank transferâ as your deposit method. Now youâll need to key in the amount of your deposit and make a note of any reference codes that the site gives you. Youâll also need to take note of the operatorâs banking details.
You could visit your bank in person to complete the transaction but itâs easier and more convenient to do it online. Log into your bank account and organize a bank transfer, using the banking details provided by the casino operator. The banks need to know important information about both parties involved in the transaction, so youâll need the operatorâs bank account number and sort code. For overseas banks youâll need an IBAN, or International Bank Account Number, as well as a BIC, or Business Identifier Code. Some financial institutions refer to the BIC as a SWIFT code, but it amounts to the same thing. These numbers need to be inputted accurately for the transaction to go through smoothly.
Complete any necessary security checks
Some banks will require you to sign up to 2FA, or Two-Factor Identification as an extra fraud prevention measure. And with so many hackers and scammers determined to help themselves to other peopleâs money, itâs something we definitely recommend activating, if this feature is made available to you. This would require you to submit an extra code sent to you via SMS from your bank, as an extra layer of security.
Wait for your deposit to arrive in your casino account
Now all that remains is for you to log back into your new online casino account and wait for your deposit to become visible. Bear in mind though, that this process could take up to five business days, depending on the individual banks involved in the transaction. Compare this with paying into an
online casino with Cash at Casino Cage deposit
options too, in which the money is instantly available, but you may have to travel some distance to action it.
If this is your very first deposit at a US betting site, make sure youâve opted in for any introductory promotional offers. These can effectively double the value of your deposit in some cases, although there will almost certainly be wagering requirements and time limits attached to them, so be sure to check out the fine print of the offer beforehand.
Withdrawal and deposit waiting times at an online bank transfer casino
The majority of online casinos and social casinos that accept bank transfer deposits or purchases and withdrawals or redemptions tend to action requests almost instantly. However, each operator works to its own timescales, so if speedy transactions are particularly important to you, make sure you check how long the site takes on its support pages. Be sure to read through our operator reviews very thoroughly too, as theyâre packed with this kind of useful information!
Unfortunately, even in the digital age most banks still like to take their time over processing bank transfer payments. Once again, itâs a matter of checking with the institutions involved, but be prepared for waiting times that tend to vary between 2 â 5 business days. So unless your bank is notified about a bank transfer on a Monday, it could be the middle of the following week, or even later, before you can access your funds. Thatâs definitely something that you need to factor in when considering your options.
It’s also worth noting that some online casinos offer a Fast Bank Transfer, but even these transactions can take up from 1 â 4 business days to complete. Although instant bank transfers are available in the US, there are very few online casinos currently offering this option. Where it can be accessed, an instant bank transfer payment can take up to two hours to process for the first transaction, with subsequent money transfers actioned almost immediately.
Verification requirements – How to access bank transfer payments
Anyone over the age of 18 can apply to open a bank account in the US. All thatâs needed is a valid Social Security number and current, government-issued ID complete with a photograph, such as a passport or driverâs license. Individual banks may vary in their verification requirements, but usually at least one utility bill or document showing proof of address is also needed.
An initial deposit of at least $25 is required to fund a new bank account, then once itâs been verified and approved the account holder can start making bank transfer online casino deposits and withdrawals.
The best bank transfer online casinos
1.
Up to 125 SC FREE + 625K Golden Coins + 1250 VIP Points
Players from Virginia accepted
2.
Get 150% More Coins on First Purchase: 40 SC FREE + 800K Crown Coins
Players from Virginia accepted
3.
27.5 SC FREE and 57.5K Gold Coins
Players from Virginia accepted
4.
38 SC FREE and 2.6M Gold Coins
Players from Virginia accepted
5.
27.5 SC FREE and 65K Gold Coins
Players from Virginia accepted
The history of bank transfers
The US is pretty much single-handedly responsible for creating the bank transfer, and itâs all thanks to Western Union. The technology began when Samuel Morse sent the first telegraph message from Washington D.C to Baltimore, paving the way for a fast and easy communication system. The Western Union Telegraph Company created a way of sending money via telegram, in which customers would pay the telegraph office, who would instruct the operator at the other end to transfer funds to the payee.
Naturally, the banks seized on this idea, and once computers came along, they were able to dominate the world of money transfers. The subsequent introduction of the SWIFT communication system made it even easier for financial institutions to facilitate the transfer of money between companies and individuals.
A trade-off for safety
Right now, depositing and withdrawing at an online casino with bank transfer options can take several days, so itâs certainly one of the more long-winded payment transaction methods. But itâs also been around for the longest of all the online casino banking options, making it exceptionally safe, so some online casino players wouldnât dream of using any other method.
Is an online casino with bank transfer payment methods the best option?
Whether you enjoy sports betting or you love playing your casino favorites on the go, online gambling operators let you enjoy wagering wherever you happen to find yourself. And they want to make it as easy as possible for their members to deposit and withdraw funds and take advantage of the range of games on offer.
On this page, weâve listed all the top online casinos that accept bank transfer deposits and withdrawals, so if thatâs your preferred payment method, you wonât have far to look! Itâs easy, safe and convenient, and you can action the movement of funds with just a few taps or clicks, if you choose to do it online. Itâs a particularly good option for high rollers wanting to move significant sums of money into and out of their casino or sportsbook accounts, as the security protocols are at the very highest level.
Factors to consider before you proceed
On the downside, it can take a few days for a bank transfer casino or sportsbook payment to go through. And that can be incredibly frustrating when youâre waiting for funds to become visible in your account, so that you can make the wagers youâve got lined up. If speedy transactions are particularly important to you, you might want to look at some other payment options, such as a
VIP Preferred casino
account, or a
Play+ casino card.
However, youâll need to bear in mind that not all payment options qualify for bonus promotions at online gambling sites, so youâll need to do some investigative work if you intend to claim an introductory bonus offer. Itâs usually a pretty safe bet that an online casino with bank transfer payment options will let you claim any introductory bonuses, so youâll be able to double the power of your starting bankroll, in some cases.
Top Sweepstakes Casinos that Accept Bank Transfer
As we have already established, sweepstakes casinos operate slightly differently to regular online casinos. As you cannot deposit into your account, you have the option to make a purchase of Gold Coins, which usually come with some free Sweeps Coins. Not only does this help extend your gameplay, it allows you to play your favorite casino-style games in sweepstakes mode and give you the potential to redeem any SC winnings for real prizes.
Many top providers have a range of payment methods accepted, including bank transfer, and we have listed these below for you to check out.
1.
Up to 125 SC FREE + 625K Golden Coins + 1250 VIP Points
Players from Virginia accepted
2.
Get 150% More Coins on First Purchase: 40 SC FREE + 800K Crown Coins
Players from Virginia accepted
3.
27.5 SC FREE and 57.5K Gold Coins
Players from Virginia accepted
4.
38 SC FREE and 2.6M Gold Coins
Players from Virginia accepted
5.
27.5 SC FREE and 65K Gold Coins
Players from Virginia accepted
Three essential facts about using a bank transfer casino
By now youâve probably just about made up your mind whether bank transfers could be your preferred deposit and withdrawal method at an online casino. But as weâve said, itâs not for everyone, so you need to be sure youâll be making the right decision. Before you head off to check out our casino reviews and find your perfect online casino with bank transfer payments, make sure youâve taken on board these three essential facts:
Bank transfer payments are extremely secure
If thereâs one thing you can be certain of, itâs that banking institutions take security extremely seriously. That makes bank transfer absolutely the safest possible way of transferring funds to and from your online casino account. Stringent security protocols are in place to ensure that money is transferred between banks without any risk of them being intercepted.
Funding your online casino gambling directly from your bank account is so secure that itâs the ideal option for high rollers, or anyone thinking of depositing a large sum of money â such as when claiming a deposit match bonus, for example. It may take a little longer than other methods, but the priority that banks place on security make it worth it when thereâs so much at stake.
Bank transfer casino deposits and withdrawals are easy
Just about everyone who can legally gamble online in the US already has a bank account, so funding your gambling via bank transfer is incredibly accessible. All you need is the casinoâs banking details and a reference code, and your deposit can be actioned straight away. Most banks donât charge you for the service, but check to make sure before proceeding with a transaction.
Itâs down to the individual online casino operators to decide whether to charge a processing fee for actioning bank transfer payments. Check out the siteâs support pages and head for the payments and deposits section to find out if there are any additional costs involved.
Thereâs no shortage of online casinos that accept bank transfer payments
Thereâs a whole world of choice when it comes to choosing an online casino to sign up with, and the vast majority of them accept bank transfer payments. That means you wonât have to worry about giving out card details, or getting to grips with complex eWallet systems.
Some US banks arenât too happy about their customers signing up to online casino operators. But with so many banking options available, itâs easy to open an alternative account with a bank that takes a more relaxed view.
Modern alternatives to bank transfers
1.
Up to 125 SC FREE + 625K Golden Coins + 1250 VIP Points
Players from Virginia accepted
2.
Get Up To 40 SC FREE + 200 Gold Coins and 100 Diamonds!
Players from Virginia accepted
3.
3,600 SC FREE + 1.225 Million Gold Coins
Players from Virginia accepted
4.
200 Free Spins + 500,000 Free G-Coins
Players from Virginia accepted
5.
250 FREE VIRTUAL CREDITS
Players from Virginia accepted
Conclusion: weâve got the best online casinos that accept bank transfer payments
When weâre reviewing online
gambling sites deposit options
are one of the things we investigate, to bring you all the information you need to know. And itâs clear that thereâs no shortage of online casinos for anyone wanting to fund their gambling activities using this payment method. Youâll find details and reviews of all the best ones right here on this page, so weâre confident youâll find an operator youâll want to sign up to.
If youâre not convinced that you have the patience to wait for a bank transfer payment to clear, weâve got plenty of other options for you to look at. If youâre interested in finding out about eWallets be sure to check out the
online casinos that accept Skrill
or Neteller.
The best bonuses available
1.
Up to 125 SC FREE + 625K Golden Coins + 1250 VIP Points
Players from Virginia accepted
2.
Get 150% More Coins on First Purchase: 40 SC FREE + 800K Crown Coins
Players from Virginia accepted
Requirements (WR): 1x Bonus
3.
150% Purchase Offer: 25 SC FREE and 50K GC
Players from Virginia accepted
4.
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Players from Virginia accepted
Requirements (WR): 3x
5.
Get Up To 40 SC FREE + 200 Gold Coins and 100 Diamonds!
Players from Virginia accepted
Requirements (WR): 1x Bonus
Bank Transfer Casino FAQ
âAre there any online casinos that accept bank transfer payments?
Funding your online casino account via bank transfer is safe, secure and convenient. Come and check out our information page for details of all the top US online casinos that allow deposits and withdrawals using bank transfer. Weâve got all you need to know, right here!
â Is it safe to use an online casino with bank transfer deposits?
Search online and youâll find literally hundreds of online casinos available, many of them claiming to accept bank transfer deposits. Unfortunately, not all of them are as safe and reputable as theyâd have you believe, which is where we can help! Weâve got a list of the top online casinos accepting bank transfer payments, so if your preferred operator isnât listed, it means we donât recommend them. Come and check it out!
đ˛ Which is the best online casino offering bank transfer payments?
If you canât make up your mind which online casino bank transfer operator to sign up with, we can definitely help! Our experts have reviewed all the leading online casinos accepting bank transfer deposits, and picked out the very best of them to go on our list. Weâve got insightful reviews, details of bonus promotions and much, much more to discover, so be sure to come and check us out!
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