Most Popular Instant Banking Casino Payment Methods
While traditional direct bank transfers can take longer to complete, certain services make the job both easier and faster for the players. Such services are called instant banking casino services, and their entire goal is to perform money transactions quickly and efficiently.
A variety of options can be used for such purposes, but only a few have stolen our hearts and earned the title of the best instant bank casino payment option. Here is a list of the most popular casino instant banking services.
- Klarna
- iDeal
- BankID
- Trustly
- POLi
Each offers something unique, but they all have one thing in common – instant bank transactions. Money arrives where it’s supposed to be in less than a couple of hours. Of course, if we are talking about withdrawals, the procedure may include a longer verification procedure, but that’s just a necessary part of the experience. Read our full reviews of the banking methods mentioned above and see for yourself why millions of players put their faith in these instant banking casino payments.
How to Deposit at an Online Casino with Bank Transfer
Wire transfer online casinos which allow deposits are aplenty. Currently, this option is among the most common ones – besides credit cards and e-wallets. It is quite popular because it allows the players to send their money in a straightforward and fast way. Here is how to deposit at online casinos with wire transactions.
- Visit the Cashier at your gambling site
- Click on deposits
- Pick bank/wire transfer as desired payment method
- Write the deposit amount and payment info
- Complete verification checks if there are any
- Wait for the money to appear in your casino balance
The process is quite straightforward and takes little to no effort to complete. Plus, it is free at many casinos. However, transactional costs depend on the bank you are using too. You will also have to wait a couple of days (3-5) business days for the transaction to complete. Once the money appears in your balance, you are free to play games and claim bonuses.
How to Withdraw at an Online Casino with Bank Transfer
Wire transfer casino withdrawals are similar to deposit transactions. Players are not required to go through the hassle to transport money from their gambling accounts to banks. Instead, they need to stay patient as this process lasts long. The bank transfer casino withdrawal goes like this:
- Visit the Cashier’s page
- Choose withdrawals
- Opt for wire/bank transfers
- Submit payment info and the amount you wish to withdraw
- Wait for the transaction approval process to complete
- Wait a couple of more days for the money to appear in your bank
Slow as it may be – up to 5 working days – wire transfers remain one of the most reliable banking services in online gaming. Players only need to submit their bank accounts and wait for the transaction approval. Once this is finished, the punters will receive money in their bank accounts.
Fees and Processing Time
Wire transactions are reliable and trustworthy, but they are less popular nowadays because they are slow. A typical money wire requires takes about 3 working days to go through. For withdrawals, the process lasts even longer as players go through extensive check-ups.
On the other hand, it is free of charge. Casinos do not charge wire requests. But banks might impose fees for services. Players should check conversion fees and other hidden fees to make sure they are not required to pay extra for withdrawals and deposits.
Why Should You Use Wire Transfer?
The perks of playing at wire transfer casino websites are manifold. You can enjoy safe, secure, and reliable money transactions without worry.
You also never need to think about casino fees – although banks might impose fees sometimes. Today, although money wire services have a lot of competition in the financial world, they are still in vogue. The explanation lies in their reliability. Each transaction must be verified and approved by the bank. Moreover, should the bank detect fraudulent or suspicious behaviour, it will not hesitate to let you know.
The only downside is the processing time which, for many of us, is not even a downside at all. You do have to wait days for the money to arrive, but you are always sure that the transaction will go as smoothly as possible.
Before you join a wire transfer online casino, make sure you are familiar with all terms and conditions. Also, consulting Customer Support might be a good idea as well. They can tell you more details about the option and advise you about using it as a payment service at the site.
Pros
- Secure payments with authentication protocols
- A large base of casinos that accept bank transfers
- Great deposit and withdrawal limits for new players
- Convenient for players who do not like third-party services
- It can be used both for deposits and withdrawals
Cons
- Processing time is 3-5 business days
- Compared to other modern services, it is too slow
- Players might encounter bank fees for money transactions
