It would not be an exaggeration to say that every reputable online casino will accept bank transfers as one of their payment methods.
In the UK especially, everyone knows where they are with a bank transfer as it is a tried and tested method of transferring money to any online merchant, including online casinos.
The great thing is, if you were to encounter any problems with a deposit or even a withdrawal for that matter, if the online casino can’t resolve the problem, you can always depend on your bank to help sort the matter out.
In the UK, it is now very easy to open a bank account, gone are the days when you had to rely on the likes of Lloyds and Barclays because we are now in the age of the new internet-only banks such as Monzo and Starling and most people will agree that these new banks are of a particularly high standard.
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How to play casino games using bank transfer for a deposit
Register for a bank account
You will probably already have a bank account but if you haven’t or if you would like to open an account for gambling purposes only, look at apps like Monzo and Starling.
Choose a casino from our recommended list and make a deposit
Go to our list of recommended online casinos and choose one which you would like to play at. All our recommended casinos accept a bank transfer as a deposit, so you don’t have to worry about anything else apart from choosing which one you like the look of.
Time needed: 10 minutes
How to deposit money using a bank transfer
- Go to cashier section
Open the cashier section of the casino.
- Select bank transfer
Choose bank transfer as the payment option.
- Enter details
Enter your account number and sort code in the section which asks for your details.
- Enter the amount
Enter the amount you would like to deposit and click on the Deposit button.
Grab a bonus and play
Check on the promotions page of the casino to see what welcome bonuses are available. You will be pleased to know that all the bonuses which are offered by our recommended casinos accept wagering towards the bonus on deposits which have been made by bank transfer.
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General Information about bank transfers
Details of how bank transfer payments work
Before we go any further, it stands to sense that in order to make a bank transfer into an online casino account, you will need to either have the funds to cover the deposit in your account or you will need an overdraft facility in place to cover the deposit.
It is then just a matter of entering your account number and sort code into the cashier section of the casino, entering how much you would like to deposit and that is basically all there is to it.
When you first register your bank details with the casino, you may find that they will automatically carry out a soft search to ensure that the bank account is valid.
Fees and Commissions
There are rarely any fees or commissions when making a deposit into a casino using a bank transfer, especially not with UK casinos.
Making a deposit and withdrawal using this payment method is about as straightforward as it is possible to get and the fact that there are no fees involved means that all your profits are yours to keep as opposed to having to pay a bit off the top in the form of fees or commissions.
Deposit and Withdrawal Times
If there was a negative aspect to bank transfers, then this is it.
Deposits are, as you would probably expect, instant, because as soon as you have made the deposit, the funds are instantly available for you to play with.
It is with the withdrawals where the problem lies because any withdrawal from an online casino using a bank transfer can take up to five working days after the withdrawal has been processed.
Bear in mind that is five working days so if you made a withdrawal request on a Friday, the funds may not arrive back in your bank account until the following Friday.
When you consider that a withdrawal back to a web wallet can arrive back in the players account within a few hours you can see why bank transfers are not popular with everyone, especially those who like to get their hands in their winnings as quickly as possible.
How to Register for a bank transfer
If you already have a bank account, take a note of the account number and sort code.
If you don’t have a bank account and don’t want to go through the application process with one of the big banks, open one of the new breed of bank accounts such as Monzo or Starling where an account can be opened instantly.
How to withdraw from a casino using a bank transfer
- STEP 1: Go to the cashier section of the casino.
- STEP 2: Click on the withdraw tab.
- STEP 3: Choose the payment method which you would like to use.
- STEP 4: Enter the amount you would like to withdraw and click on the withdraw button.
Pros and Cons
Pros:
- A safe and secure way to send and receive online casino transactions.
- Deposits made by a bank transfer are instant.
- All reputable bookies accept bank transfers as payment.
- If there are any problems, you can always contact your bank to help resolve them.
Cons:
- Up to five working days is a long time to wait to receive a withdrawal.
- It can be confusing if you are using the same bank account as your regular bills etc and casino funds can get mixed up with bill money.
Final thoughts about using bank transfers
There is not a lot to say about using bank transfers for online casino transactions apart from it is a reliable and safe method that has far more pros than it does cons.
Bank transfers could be compared to a huge tanker at sea which is slow-moving but gets the job done whereas some of the other banking methods are like speed boats, far more nimble and quicker.
It is what it is when it comes to bank transfers, but it would be good if they could speed things up a bit when it comes to withdrawals.
Frequently Asked Questions
Yes, as long as you take precautions that your PC or mobile are safe, and you keep the banking details secure
If the casino is a reputable one (from our list), yes.
Again, if you are dealing with a reputable online casino, no.
