Bank Payment Transfers

Bank transfers are used to purchase goods and services over the internet. Despite the development of electronic payment systems, wire transfers are still a popular payment method. This method is also used to make deposits at online casinos, but it is not as widespread here.

Let us consider the main advantages of bank transfers:

• High reliability. If you work with a large, trusted bank, you can be sure that the money will go exactly where you need it;
• You can not only deposit money from your bank account into an online casino account, but you can also withdraw money back to the same account. This is very convenient, as it helps to avoid “middlemen” in the form of other payment systems;
• Bank transfers are available in almost every country in the world – it is the most common electronic payment method;
• Almost all modern banks do not impose any restrictions on working with online casinos.
  Despite the obvious advantages, there are a number of significant disadvantages to be aware of as well:
• The duration of the transaction through the bank can be as much as 5 working days, as your transfer has to be manually confirmed by the bank. Most people enter online casinos spontaneously, by mood, and therefore no one wants to wait;
• Some casinos charge higher fees for depositing via bank transfer than other payment methods;
• A bank transfer will require you to enter a lot of additional information (TIN, BIK, current account number, etc.). Because of the large number of digits any mistake could be fatal and the money will not go to the casino account, but to an unknown destination. With the development of Internet banking such transfers are made online and you do not need to enter all the details, respectively, the speed of filling out the data has increased. However, the transfer processing time did not become less.

The process of casino account replenishment using this method is quite time consuming. If you select the appropriate payment method on the casino website you will be given bank details to apply to the bank branch (this can be done online). The banker will enter these details when making the payment. But you can also make the payment yourself. To do this, take your time to enter the details into the appropriate fields (if you are not sure exactly what and where to enter, it is best to contact online casino support to avoid problems). Bear in mind that the waiting time to complete the transfer may be 3 days or more, and weekdays are taken into account.

To sum it up, it can be said that for online casinos the method of depositing through bank transfers is not very suitable. If you plan to play at the casino frequently, it is better to choose some popular payment system (Skrill, Neteller, etc.). So treat bank transfer as a backup payment method if recharging via an EPS is not available for some reason.