Banks transfers are still the No. 1 option for depositing and withdrawing money around the world, even in a time when revolutionary online payment methods work faster and better.
Bank transfers have been a staple for payments and are used for any kind of transaction (online or offline). The obvious advantage of using bank transfers over PayPal or similar payment methods is that banks are the safest place for your money and they are run by professionals who know how to do their job.
With that being said, no one takes into account the hidden and not-so-hidden transaction fees which make banks grow at an astounding rate – this is something modern online payment methods are looking to eliminate.
The biggest problem with bank transfers is that they’re pretty slow compared to other payment methods. You can deposit money into an online casino instantly with PayPayl or Trustly, but no such luck with wire transfers. Withdrawing is even worse as bank transfers can take up to days or weeks instead of the hours or a couple of days modern payment methods need.
How Can You Deposit Via Bank Transfer?
The process of depositing money to online gambling sites using a bank transfer is pretty straightforward if you don’t mind waiting in line for some time. The first thing you need to do is get the casino’s bank details – they should be available at the website, but you may also need to ask for them via live chat.
Once you have all the information, go to your bank and ask for a wire transfer to the online casino. Make sure all the details about the online casino including the SWIFT number and bank name are correct or the deposit won’t go through.
Once you’re done, read the casino’s Terms and Conditions to see how much it will take before you can finally play your favorite games with real money. Be aware that the process may take days.