Bank Transfer Casinos: Pros & Cons
- High limits for deposits and withdrawals
- Accepted at most online casinos
- Deposits qualify for welcome bonuses
- No extra technology required
Sign up process for bank transfers
There will be a standard processing by which customers can register a bank account and from here make bank transfers. Here is what you will usually need to do:
All bank accounts will only be available for customers based in select countries and there will also be a minimum age requirement.
Get your verification documents
You’ll usually need to supply some kind of proof of address, as well as a photo ID. More banks are now asking customers to supply a selfie video that will be checked against the photo identification.
Apply for your bank account
It’s easiest to do this online and you’ll just have to fill in the registration form with your personal information. You shouldn’t have to put any money into your bank account to open it, nor should there be any fees.
Making a online casino bank transfer deposit
Once you’ve got your bank account set up, you should be ready to make your transfer to the online casino of your choice. Here’s what you need to do:
- Sign up to the online casino:
This usually just requires you to fill in a registration form with your personal information and then come up with a username and password.
- Verify your account:
Here, you may have to provide a scan of something like your driver’s license.
- Select bank transfer:
The cashier section should feature a Deposit tab and from here you can pick Bank Transfer as your preferred payment method.
- Enter your bank information:
You’ll have to provide your bank information such as your account number and sort code.
- Submit your payment:
Finally, you will have to type in how much money you want to transfer and then submit your payment. Bear in mind that there might be additional verification checks before the payment is authorised.
Withdrawal and deposits of bank transfer casinos: average time scales
Bank transfers tend to take a little longer to process than other casino payment methods. Take a look at how long your deposit and withdrawals should take:
Bank transfer deposits
Online casino bank transfer deposit will usually take at least a couple of working days to show up in your account. Bear in mind that this can be speeded up if you make an ACH bank transfer. However, you should get in touch with customer support if your bank transfer takes longer than a week.
Bank transfer withdrawals
The majority of bank transfer withdrawals from casinos will be processed within a week. Again, contact customer support if your bank transfer casino payments take any longer than this.
Every online casino will take varying amounts of time to process your bank transfer payments, and there will also be limits on how much you can deposit and withdraw. All of this is also dependent on the bank that you are using. However, here are the basic bank transfer limits and processing times that you should expect:
| Bank transfer |
Minimum |
Maximum |
Processing times |
| Deposits |
Usually $20 |
No limit |
Up to a week |
| Withdrawals |
Usually $20 |
Depends on casino |
Up to a week |
Bank transfer verification requirements
A online casino bank transfer deposit will always require several phases of verification before it can be initiated. The customer will usually have to verify their identity by using some kind of password if making payments online, and there will often be a form of two-factor authentication.
Actually getting a bank account to make transfers from also features a robust verification procedure. Here the customer will have to fill in an application form either in-person at the bank or online. Such a form will require the customer to verify their identity by providing proof of their name, date of birth and address. Further verification information could include things ranging from a driver’s license and passport to a social security number.
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The history of bank transfers
Bank transfers have been around for well over 100 years and they simply allow customers to make an electronic funds transfer from a bank to another bank. It works by the customer requesting that the bank send a certain amount of money and the bank will then verify the details of the other bank and the payment will be sent via a secure system.
The practice of bank transfers was first carried out by Western Union in 1872 over a telegraph network, but now most international transfers are undertaken through the SWIFT network. There are also bank transfers known as ACH transfers that take place through an automated clearing house which acts more as a personal check rather than a cashier’s check.
Bank transfer casinos compared to other providers
Bank transfers will be just one of the main payment options you’ll get at an online casino. Here is how bank transfers compare to other payment methods:
- Debit and credit cards:
These all offer you secure ways to fund your gaming with high limits and the ability to get welcome bonuses with your deposits. Just remember that bank transfer deposits are usually slower than those made with a card.
- Ewallets:
Bank transfers are more commonly accepted at casinos than Ewallets, but they suffer from much slower withdrawals compared to Ewallets like PayPal, Skrill and Neteller.
- Prepaid cards: You can’t make withdrawals with prepaid cards like Paysafe, but you benefit from not having to reveal any banking information.
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Three essential facts about using bank transfer casinos
All casino payment methods will have their quirks and bank transfers are no different. Here are some of the main things to consider before making a bank transfer to an online casino:
You’ll have to provide the online casino with some potentially sensitive financial information when you make a bank transfer. As a result, you should carefully consider which online casino you are using because not all gaming sites can be trusted. This is why it’s always best to use online casinos that are fully licensed and regulated by a major online gambling authority.
Bank-specific issues
While most banks are happy to let you make payments to online casinos, others take a dim view of their services being used for online gambling. As such, you might find that the bank will block you from making a bank transfer to an online casino and there might be similar issues when it comes to making withdrawals.
Fees and charges
Most online casinos won’t charge you any fees for making deposits or withdrawals from their gaming sites. However, you might find that your bank may issue charges for making payments to online casinos. Such fees might not seem much at first, but they can add up over the long-term.
All gambling and sportsbook deposit methods
Conclusion - Check back for more bank transfer casinos
We’ve shown you that it’s pretty easy to find bank transfer casinos and this is still one of the most popular ways by which people fund their online gaming. Much of this is down to familiarity, but people also like the fact that bank transfers don’t have severe limits and they also let you get those all-important welcome bonuses.
It’s going to be interesting to see how bank transfers compete against all of the newer casino payment methods. But for now, make sure that you check out one of our recommended bank transfer casinos to see why these have stood the test of time.
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Bank transfer casinos FAQ
⏰How long does a casino bank transfer withdrawal take?
Make sure that you read our guide here at TheGameHaus.com to see how long it takes bank transfer casinos to process your withdrawals. A good way to see whether you should make a bank transfer or try another
online casino deposit method
instead.
🎰Which casinos offer a fast bank transfer withdrawal?
Take a look at our guide to see if there are any bank transfer casinos that offer a fast withdrawal service. After all, bank transfers suffer relatively slow processing times compared to other casino payment methods.
👀How do I make an online casino deposit with a bank account?
Read our guide to see just how easy it is to make a deposit at bank transfer casinos. We’ll give you a step by step guide so that you can start playing in a matter of minutes.
❓Can I make an instant casino bank transfer?
Don’t miss out on our guide that shows you whether you can make instant payments at bank transfer casinos. After all, each payment method has to be processed by the casino and you’ll need to know how long this process usually takes.
💪Which is the best bank transfer casino online?
We’ve found some great bank transfer casinos. Take a look at our guide to see which of these casino sites offers you the best gaming entertainment as well as the most efficient payment processing.
