Bank Account Transfer Online Casinos

Written by Glenn Roberts

Glenn Roberts

Glenn is a sports lover and writes about Soccer and American Football. He also covers reviews of bookmakers, betting apps and deposit or withdrawal methods that players can use at online sportsbooks.

, | Updated: October 21, 2024

Bank transfers are one of the most widely used and secure transaction methods that allows people to send money from one account holder to another and make online payments anywhere in the world. Most online casinos accept this solution as a primary deposit and withdrawal option. Bank account transfers are considered safe because they are subject to strict verification requirements that aim to prevent fraud, money laundering, and misuse of personal information.

What is interesting about this method of funding one’s online gambling activity is that its main advantage, utmost security, is inextricably related to its main drawback – quite lengthy withdrawal times. The present article will provide you with an in-depth review of these and other aspects of using bank transfers to deposit into and withdraw from your online casino account. Furthermore, you can familiarize yourself with our selection of reputable virtual casinos that have proven to offer a fair and legitimate gaming environment.

Top Bank Account Transfer Casinos Ranked by Trustpilot Rating

Comparison of Top Bank Account Transfer Casino Sites

Top 12 Online Casinos for Bank Account Transfers

We are now pleased to bring to your attention 12 reputable online gambling operators whose cashiers include bank account transfers.

1. Videoslots

   

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   Licenses

   Malta Gaming Authority (MGA/CRP/258/2014)UK Gambling Commission (039380-R-319311-032)Danish Gambling Authority (DGA)Swedish Gambling Authority (SGA)Spain's Directorate General for the Regulation of Gambling (DGOJ)Agenzia delle Dogane e dei Monopoli (15427)Alcohol and Gaming Commission of Ontario (AGCO)

   Min Deposit

   $/€10

   Min Withdrawal

   $/€20

   Withdrawal Time

   Cards: 3 to 5 daysBank Transfer: Up to 5 daysInstadebit: Up to 4 daysE-Wallets: Within 12 hours

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Highly ranked casino operator
   • Regulated by several authority bodies
   • Massive gaming library
   • Long list of supported payment solutions
   • Mini, Major, and Mega jackpots
   • Customer support by live chat, email, and phone

   Videoslots is a reputable online casino operator that has gained recognition in the industry as a result of its diverse gaming library, various promotional offers, and fair conditions certified by the MGA, UKGC, and a few other European regulatory institutions. Avid gamblers just love to spend their time with this platform as it gives them a chance to play thousands of exciting games provided by more than 140 software developers.

   The list of supported payment methods is among the longest in the industry with bank transfers, credit/debit cards, and e-wallets being just a part of the options. Players are entitled to make one free withdrawal per day, every next one comes with a $2.5 transaction fee.

2. Casino Action

   

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   Licenses

   UK Gambling Commission (038620-R-319310-012)Danish Gambling Authority (DGA)Kahnawake Gaming Commission (KGC)

   Min Deposit

   $10

   Min Withdrawal

   Direct Bank Transfer: $300Other Methods: $50

   Withdrawal Time

   Cards: up to 3 daysBank Transfers: 6 to 10 daysE-wallets: 1 to 3 days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   • Experienced online casino
   • Mobile-friendly gambling platform
   • Lucrative sign-up bonus
   • High-quality games by Microgaming
   • Fast and reliable payment methods
   • 24/7 customer support

   Casino Action is a respected member of the big Casino Rewards family with more than 15 years in the iGaming market. Just like its sister websites, this platform exclusively offers games developed by Microgaming which is a brand that needs no presentation as it is a pioneer in the industry. The portfolio of Casino Action is distributed between the Slots, Blackjack, Baccarat, Roulette, and Video Poker categories, with the first one having the largest number of titles.

   Account registration is fast and simple so very soon you can top up your balance and start betting. Casino players can choose between Visa, Mastercard, Maestro, Skrill, Neteller, bank account transfers, etc.

3. Golden Tiger Casino

   

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   Licenses

   Kahnawake Gaming Commission (KGC) UK Gambling Commission (38620) Alcohol and Gaming Commission of Ontario (AGCO)

   Min Deposit

   $10

   Min Withdrawal

   Direct Bank Transfer: $300Other Methods: $50

   Withdrawal Time

   Cards: up to 3 daysBank transfers: 6 to 10 daysE-wallets: 1 to 3 days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Well-selected online casino games
   • Lucrative bonus scheme
   • Long list of payment solutions
   • Fast deposit transactions
   • User-friendly web layout
   • Multi-channel customer support

   Golden Tiger Casino is among the most well-known players in the online gambling scene. For more than 20 years now, the platform has been impressing players with the high quality of the offered games (courtesy of Microgaming) and fast customer support service. The casino’s gaming library accommodates over 550 titles most of which are in the Slots category. The average payout rate is 97% which gives pretty good chances of boosting your bankroll.

   In terms of deposit and withdrawal methods, the situation also appears to be favorable. The only absent type of payment service is cryptocurrencies. Transactions can be executed via bank transfers, digital wallets, online banking solutions, and credit & debit cards. Some strictly local payment services are also supported, which adds to the convenience of players.

4. Luxury Casino

   

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   Licenses

   • The UK Gambling Commission (38620) • The Кahnawake Gaming Commission (KGC) • Alcohol and Gaming Commission of Ontario (AGCO)

   Min Deposit

   $10

   Min Withdrawal

   $50

   Withdrawal Time

   Cards: up to 3 business daysBank Transfers: 6-10 business daysE-wallets: 1-3 business days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Portfolio powered by Microgaming
   • Supports various payment methods
   • Tempting welcome bonus package
   • Strict security measures
   • Customer support is available 24/7
   • Licensed by the Kahnawake Gaming Commission

   Luxury Casino is a suitable option for those gambling enthusiasts who are in search of a trustworthy mobile-friendly platform. Although it does not have the largest number of games, they are selected so that there are options both for fans of classic 3-reel slots and high-tech graphics and modern themes. The platform runs equally well on desktop computers and portable devices, so its users can play whenever and wherever they want.

   Luxury is proud of its quick and efficient payment processing, providing its patrons with simple, secure, and dependable money transfers. There is a 48-hour pending period for withdrawals, so you can expect your winning in no less than 3 business days.

5. bet365 Casino

   

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   Licenses

   Malta Gaming Authority (MGA/CRP/531/2018)Alcohol and Gaming Commission of Ontario (AGCO)UK Gambling Commission (055149-R-331499-002)Swedish Gambling Authority (SGA)Estonian Tax and Customs Board (60573690)Danish Gambling Authority (DGA)Dutch Gambling Authority (C66039)Gibraltar Gambling Commissioner (GGC)

   Min Deposit

   $10 / €5

   Min Withdrawal

   $10 / €5

   Withdrawal Time

   E-Wallets: 1 to 4 hoursCards: 1 to 3 days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Well-regulated gambling operator
   • Massive selection of casino games
   • Long list of supported payment methods
   • Lots of jackpot titles
   • Enticing bonuses and promotions
   • Prompt customer support

   Bet365 Casino is a part of one of the largest online gaming platforms, offering both sports betting and casino games. The operator boasts of having an abundance of avid users located all over the world who are having a great time playing slots, video poker, and table games. Players who are risk-hungry are invited to visit the Jackpots section, try their luck, and eventually add life-changing amounts to their wallets.

   In terms of transaction execution, bet365 strives to provide its customers with the maximum level of convenience. Casino fans can top up their balances via a rich selection of payment solutions tailored to the specifics of each accepted country. Among the universally used banking methods, we find Visa, Mastercard, Paysafecard, and bank account transfers.

6. 888casino

   

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   Licenses

   • The Alcohol and Gaming Commission of Ontario (AGCO) • The Danish Gambling Authority (DGA) • The Government of Gibraltar (112 and 113) • The Malta Gaming Authority (MGA/CRP/543/2018) • The Spain Directorate General for Regulation of Gambling (DGOJ) • The Swedish Gambling Authority (SGA) • The UK Gambling Commission (39028)

   Min Deposit

   $/€10

   Min Withdrawal

   $/€10

   Withdrawal Time

   Bank cards - 6-8 banking daysBank Transfers - 5 to 8 banking daysE-wallets - 4-5 banking days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Licensed by multiple regulatory institutions
   • Globally represented client base
   • Long list of supported payment solutions
   • High maximum withdrawal limit
   • Lots of jackpot casino games
   • Promotions tailored to the specifics of different markets

   888casino has been in the industry from the very onset of online gambling and logically it is among the most famous and respected brands. Although it is one of the oldest platforms today, it offers a completely modern service both for desktop and on-the-go wagering. Mobile players can either use the in-browser app or download the dedicated application for Android and iOS devices.

   This is probably the gambling platform that supports the largest number of local payment services – Instadebit, iDebit, OXXO, PurplePay, PIX, and others. Of course, you can also use bank transfers, digital wallets, and debit & credit cards. The exact availability becomes clear after logging in to one’s account and heading to the cashier section.

7. Playamo Casino

   

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   Licenses

   The Curaçao Gaming Control Board (8048/JAZ2020-013)

   Min Deposit

   $10

   Min Withdrawal

   $10CA$100 for Interac€500 for Bank Transfer

   Withdrawal Time

   Most payment methods - InstantVISA, MasterCard, Interac - 1-3 banking daysBank Transfers - 1 - 5 banking days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Available in 20+ languages
   • Titles provided by 93 gaming software developers
   • Beautiful and easy-to-navigate layout
   • Customer support is available 24/7
   • Lucrative deposit bonuses
   • Quite a few restricted countries

   Playamo casino is well-known for its attractive and user-friendly website design, as well as its large selection of games powered by top-tier iGaming developers. Furthermore, the platform supports many trusted deposit and withdrawal methods capable of satisfying gamblers from every corner of the world. The options include but are not limited to Visa, Mastercard, Skrill, Neteller, ecoPayz, Astropay, Bitcoin, and bank account transfers.

   Apart from the other bonuses and promotions, there is a VIP Club reserved for the most devoted users of the casino. In short, this special rewards program gives enticing prizes on the basis of points accumulated by players. The gaming library is powered by 100 software providers, which means it is as diverse as possible.

8. PlayOJO Casino

   

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   Licenses

   MGA (MGA/CRP/171/2009/01) UKGC (039326)

   Min Deposit

   $/€10

   Min Withdrawal

   No minimum

   Withdrawal Time

   Bank Cards - 1-3 daysE-wallets - InstantTrustly - InstantBank Transfers - 1-3 days

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Multilingual gambling platform
   • Abundance of exciting casino games
   • Decent selection of payment methods
   • Various promotional incentives
   • Easy-to-navigate web layout
   • Very good live dealer section

   PlayOJO is currently one of the most entertaining online casinos. This is due to a number of factors, including its fresh and user-friendly design, the large selection of great casino games, and quite a few lucrative bonus offers. The platform is available in the English, German, Finnish, Norwegian, and French languages which makes it accessible to lots of avid gambling enthusiasts around the world. This award-winning operator holds an MGA license and applies strict security measures, so you have no reasons to worry about the safety of your funds and personal information.

   Customers of PlayOJO Casino can fund their accounts via Visa, Mastercard, PayPal, Trustly, Apple Pay, bank account transfers, etc. with the minimum deposit amount being $10 or equivalent in another accepted currency.

9. Betway Casino

   

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   Licenses

   Ireland Revenue Commissioners (#1017375) Italian Customs and Monopolies Agency (#152116) Malta Gaming Authority (#MGA/B2C/130/2006) Swedish Gambling Authority UK Gambling Commission (#39372)

   Min Deposit

   $10

   Min Withdrawal

   $10

   Withdrawal Time

   Bank cards, Bank transfers - 2 to 3 business days E-wallets - 1 business day

   Deposit Methods

   

   Sponsorships

   N/A

   Contact Details

   
   

   

   • Experienced online casino operator
   • Accepts US casino players
   • Excellent live dealer section
   • Lucrative bonuses and promotions
   • Dedicated Android and iOS apps
   • Protects sensitive data by SSL encryption

   Betway Casino has been a major player in the online gaming scene since 2006. The brand is known around the world as one of the most respected online gambling platforms providing players from different nationalities with a diverse portfolio of over 450 game titles. In addition to the desktop and in-browser versions of Betway, gamblers can also use the casino’s mobile application which is available for download from Google Play.

   When it comes to setting up their casino balance, players have several convenient payment options to choose from, including bank account transfers. If your account is fully verified, you can expect to access your winnings within two days. However, if the withdrawal request has been made during the weekend, that period may be extended.

10. Sun Palace

    

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    Licenses

    Costa Rica

    Min Deposit

    Neteller: $10Gift Cards: $35Cards: $25Other Methods: $20

    Min Withdrawal

    $150

    Withdrawal Time

    E-Wallets and Crypto: 24 hoursBank Tranfers: Up to 12 daysCards: Up to 12 daysChecks: Up to 28 days

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    • Over 20 years of experience
    • Downloadable casino software
    • Extensive promotional program
    • 24/7 customer support service
    • Several jackpot games
    • Transaction limits depend on account level

    Sun Palace Casino was launched in 2002 and appears to provide gamblers with an excellent selection of Realtime Gaming titles. The platform caters to a global audience, with a special emphasis on Australia, Canada, and the United States. We are pleased to report that if there are any flaws in the casino’s operation, they are not related to the availability of bonuses and promotions. These are available to both newly registered users and existing players who enjoy their favorite casino games on a regular basis.

    The list of supported payment solutions is relatively short compared to the one of other online casinos. All gambling enthusiasts have at their disposal are credit and debit cards, bank transfers, cryptocurrencies, and checks (for withdrawals only).

11. BitStarz Casino

    

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    Licenses

    Curacao Gaming Control Board (OGL/2023/174/0082)

    Min Deposit

    $/€200.0001 BTC forBitcoin

    Min Withdrawal

    $/€50

    Withdrawal Time

    Cards: 1 to 3 daysBank Transfer: 3 to 10 daysOther Methods: Instant

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    

    • High-ranked gambling platform
    • Wide selection of payment methods
    • Fast deposit and withdrawal transactions
    • Well-organized gaming library
    • Available in 5 languages
    • Round-the-clock customer support

    BitStarz is an online casino that allows its customers to fund their gaming experience using a variety of cryptocurrencies in addition to bank transfers, e-wallets, and credit and debit cards. The brand stands out from the crowd thanks to the transaction speed it guarantees. Card and bank account withdrawals take no more than 3 business days while most other solutions are instant.

    BitStarz has collaborated with some of the world’s best software studios, including Pragmatic Play, Nolimit City, Betsoft Gaming, NetEnt, Play’n GO, Spinomenal, Evolution Gaming, and others. Thanks to the casino’s superb mobile version, most games can be played while on the go which is well-perceived by today’s demanding casino fans.

12. Mr Green Casino

    

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    Licenses

    UKGC (#039264-R-319432-018) Ireland’s Revenue Commissioner (#1011600) MGA (#MGA/CRP/121/2006) Danish Gambling Authority (#18-0457046) Swedish Gambling Authority (#23Si2199)

    Min Deposit

    $/€10

    Min Withdrawal

    $/€10

    Withdrawal Time

    Credit/Debit cards - up to 3 daysBank transfers and Trustly - up to 5 business daysE-wallets and Paysafe wallets - up to 2 hours

    Deposit Methods

    

    Sponsorships

    N/A

    Contact Details

    
    

    

    • Strongly licensed online casino
    • Mr Green exclusive casino games
    • Qualitative live dealer section
    • Dedicated Android and iOS mobile apps
    • Few transaction methods
    • Attractive promotional incentives

    Mr Green is an outstanding online gambling platform which has come a long way since its founding as a small casino aimed at the Swedish market. Nowadays, it is one of the most recognizable brands due to its distinctive layout and selection of exclusive casino games. Mr Green’s portfolio encompasses high-quality titles in the Slots, Roulette, Blackjack, and Keno categories in addition to a live dealer section powered by Evolution Gaming and Pragmatic Play.

    Unlike most of its competitors, Mr Green supports quite a modest selection of payment solutions. The only alternatives to bank account transfers and credit/debit cards are Skrill and Neteller supported by ClickandBuy. The minimum you can top up your balance with is $10 while no maximum withdrawal limit has been specified.

How Bank Account Transfers Function

Bank transfers are a payment solution in which funds are sent directly from your bank account to the casino’s bank account and vice versa by exchanging the respective banking details. Being official financial institutions, banks stringently protect these transactions to ensure the security of their clients’ data and money.
Gambling enthusiasts who want to top up their casino account using this payment method should be aware that they have two options. The first one is to go to the bank where they hold an account and arrange the payment in person. Because of its time-consuming and inconvenient nature, this option is becoming less and less popular in today’s fast-paced and technological times.

Wire transfers, which are the second option, are far more practical as they allow virtual players to use their online banking to make deposits and request withdrawals from the comfort of their current location. When you send a bank wire, you are instructing that money be transferred from your account to the casino’s. The transaction is handled by the bank, and the order is usually processed within two business days, if not sooner. The reverse transaction is essentially the same but takes longer due to the verification procedures of the relevant gambling operator.

Video Explaining How to use Bank Account Transfers

Opening a Bank Account

If you need a web place to deposit paychecks, pay your bills, make online purchases, or cover everyday expenses, then having an online managed bank account can be very useful. Almost every nowadays employer pays their employees’ salaries through a bank, so almost no adult user does not have an account. If for some reason you still do not possess one, you will be glad to know that opening a bank account is not complicated at all.

You can set up the account online or at a branch if the bank has a physical location in your city. Whether you are registering a checking account, a savings account, or both, the information you will be asked to provide will be similar. In fact, the only thing you must carry with you if you go to a bank office is a valid photo ID. An employee will make a copy of it and enter the necessary data into the system. Be ready to provide some additional contact information such as phone number and email address. Depending on the country you live in, you may also be obliged to show your social security number, taxpayer identification number, or another document.

If you have settled on an innovative bank, and today most are, you will be able to open an account entirely online. It is good to have the above-mentioned documents in electronic version (scanned for example) so that you can quickly and easily attach them to your application. While the procedure may vary from institution to institution, the basic steps are as follows:

1. Go to the bank’s website.
2. Choose the type of account you need to open.
3. Fill out the required application
4. Agree for the bank to collect some information.
5. Attach all necessary documents.
6. Wait for approval and make your first deposit.

After you have set up and funded your bank account, you are ready to start making transactions online. Read on to find out how to conduct casino deposits and withdrawals.

Depositing to Your Casino Balance

The majority of online casinos accept online bank account transfers. So, once you have determined which gambling platform you want to play at, navigate to its cashier page. Using a bank transfer to fund your online casino account is just as easy as using any other payment service. The procedure has been simplified so that players can complete a wank wire in a couple of minutes.

When you are in the deposit section of your cashier, choose bank transfer as your payment method, enter the amount you wish to deposit, and enter your bank account information. Some online casinos ask you to save the data so you do not have to enter all the information every time you send money to your balance. If your bank has this security feature, you may be required to submit a one-time password or code that you will receive via SMS as part of the transaction verification process.

All you have to do after you confirm the payment is waiting for the transaction to pass. This can take 2 – 3 business days depending on your bank and country of residence. There is no precise time frame, however, and it could also take no more than 24 hours.

Withdrawing from Your Casino Balance

If playing your favorite slots or table games turned out to be not only an enjoyable but also profitable experience, there are winnings in your casino balance to be withdrawn. The process could not be easier because it simply reverses the deposit steps.

Go to your preferred gambling site’s cashier page and select withdraw. The next step is to indicate how much from your current balance you want to transfer to the bank account. Before that, familiarize yourself with the operator’s financial policy so that you comply with the minimum and maximum transaction limits.

Next, fill in any required banking information, confirm the transaction, and wait for the online casino to process and send the money to you. Since you must use the same payment method as you did for your deposit, most of the information will have already been recorded. As a result, some data will be pre-populated, thus making the cashout procedure really straightforward. Depending on the operator’s withdrawal policy, transfers need between 5 and 10 days to reach your bank account.

Bank Account Transfers Cost and Fees

One thing online casino players should never forget before opting in for a bank account to manage their gaming funds is to check out the fees that their bank charges. They are sometimes a fixed amount, while at others a percentage of the transfer sum. For this reason, it is advisable to contact your account provider to obtain accurate information, as it may differ not only between banks but also between accounts within the same financial institution.

Another factor to consider is both your and the casino’s geographical location. If the jurisdiction of the gambling platform is in another country, the cost of a bank transfer will most probably be higher than if it is located in your current country of residence. In addition to being subject to higher transaction fees, international transfers tend to take longer to complete. This can be quite annoying especially given that transaction times are lengthy anyway.

From the information presented so far, it follows that, for their part, online gaming platforms do not impose fees for bank account-powered deposits to their users’ casino balances. However, the same cannot be said for withdrawals. Quite a few casinos have chosen to exempt players from paying the cost of the cash-out transaction, but this is not always the case. If there is a withdrawal fee, it is usually charged once a certain amount threshold has been reached. Due to the lack of a clear solution to the cost of casino bank account transfers, each gambling service provider should be evaluated on an individual basis.

Security and Privacy

Although there are faster and more modern methods of payment at online casinos, bank transfers still rank among the safest ways to conduct gambling-related transactions over the web. And when financial funds and sensitive information are involved, ensuring their protection is of utmost importance.

The fewer entities involved in the money transfer, the fewer chances for mistakes, theft, or other abuse. In the case of bank transfers, the funds go directly from your personal account to the casino balance without third parties mediating the operation. Given the fact that banks are among the institutions with the strictest security measures, what remains for you to do is choose a licensed gambling platform that has implemented all the required technical and procedural tools to protect its users.

Anonymity, on the other hand, is a different story. When casino players make bank wire payments, they must enter their names and banking information. Also, if luck is on your side and you have winnings to withdraw, there is no way to hide the origin of the money, as the gambling operator’s name will appear on the relevant financial statement. This may or may not be a problem depending on the laws of your country of residence or the respective bank’s policies.
If anonymity is among the priorities when it comes to your online casino experience, then you should definitely turn to another payment method. However, we advise you to weigh the pros and cons of bank transfers very carefully. You can read more about them in the following paragraphs of this article.

Related Banking Methods

• Zelle Casinos
• Credit & Debit Cards Casinos
• Prepaid Cards Casinos
• Crypto Casinos
• Paysafecard Casinos
• Play+ Casinos
• PayPal Casinos
• VIP Preferred Casinos

Advantages of Bank Account Transfers

Bank transfers, like the majority of online casino payment methods, have both strong and weak points. This is quite normal as there are so many gambling enthusiasts around the world, each with their own preferences, needs, and habits. It is simply not possible for a single payment solution to satisfy everyone. In this paragraph, we have tried to select 5 advantages of bank transfers, which certainly favor the process of funding your online casino experience.

1. Outstanding safety and security – There is no way not to begin with this issue. Bank account transfers provide extremely safe web payments for gamblers because transactions are secured between their bank and the operator. As a result of the strict security measures from both sides, third parties are very unlikely to interfere with your casino deposit or withdrawal.
2. Larger Transfer Amounts – Bank wires enable gambling enthusiasts to transact larger sums than any other payment solution on the market. In most cases, prepaid vouchers and electronic wallets can only manage a few thousand dollars at a time. Bank account transfers seem like the perfect option for high-rollers as they allow for transaction values of $50,000 or even more.
3. Better promotional offers – The larger the deposit, the more lucrative bonuses and other perks you can expect to receive. This applies to the greatest extent to VIP/Loyalty programs and clubs, where moving to a higher level depends on the number of accumulated comp points.
4. Remarkably wide availability – Bank account transfers are the traditional method of sending and receiving money. It is for this reason that users of various locations and social status are familiar with the payment process. Furthermore, there are almost no casino websites that do not accept bank wires.
5. Both deposits and withdrawals – Not all payment solutions enable sending as well as receiving cash from online casinos but bank account transfers do. This adds to the convenience of players since they do not have to memorize more than one account credentials. Furthermore, tracking one’s funds flow is far easier this way.

Disadvantages of Bank Account Transfers

As online casino fans can see, there are lots of advantages to using bank account transfers for gambling-related deposits and withdrawals. Despite the fact that this transaction method does not have many drawbacks, they are significant enough to warrant consideration. We have listed some of the most essential issues you will encounter when using bank wires for online gambling.

1. Prolonged processing times – One cannot help but notice that bank transfers take the most time compared to all other casino payment solutions. When we consider cryptos or prepaid voucher deposits, which require minutes or even seconds to place money in your gambling balance, five or more days for a bank account transaction sound absurd.
2. Sizeable cost and fees – Both deposits and withdrawals from gambling balances are usually subject to transaction fees. The difference is that in one case they are withheld by the bank, while in the other, the casino is more often involved. What is more, bank institutions also charge maintenance fees which is rarely the case with e-wallets for example.
3. High minimum transaction limits – We have already discussed why bank transfers are a good option for high-level players, but if you are a recreational gambler, this method might not be for you. Casinos either do not allow the transfer of small amounts via bank account transactions, or the fee you will be charged makes the operation pointless.

Conclusion

Bank transfers may be considered a dated payment solution by some, but no matter what, they remain one of the most trusted methods of sending and receiving money, even when online gambling is concerned. It remains to be seen how long this will be the case. To be honest, each of the benefits of bank transfers listed in this article is common to one or more of the modern payment methods that have emerged in recent years.
Given this casino payment method’s undeniable reliability and safety, we believe that many gambling enthusiasts would be willing to put up with the associated costs in the form of transaction and maintenance fees. The higher speed of most of the other services in the field will sooner or later tip the scales in their direction.