BankID is a personal electronic ID used for secure identification. It replaces driving license, passport, or other personal documents necessary for the identity verification process. Primarily Swedish online casinos use it.
BankID is one of the latest payment innovations in the world of online gaming. Numerous top-notch casino operators are adding this banking option because it is so elegant and straightforward. Simple and completely secure, BankID is wildly popular in the Nordic region – Norway and Sweden in particular. Plus, Germany soon followed suit and introduced the same practice throughout the country’s online gaming market.
Development of the e-ID first commenced as early as 2000 in Norway. The first customers received their e-ID numbers in 2004 when BankID Norway AS launched. Its Swedish peer Finansiell ID-Teknik BID AB is another notable BankID company which supplies the public sector in Sweden. However, Finansiell ID got to do that only after reaching an agreement with the Swedish E-identification Board.
The first company to incorporate the BankID system in their money management was Trustly – a Swedish online payment provider. Thanks to Trustly, players who visit casinos can go straight into the lobby and enjoy their favourite games. Meanwhile, the selected bank and casino will complete the registration process in the background. Hence, they won’t cause disturbance to the players while they play.
Over 8 million people use BankID on daily basis, which makes it a popular option for Swedes. It is connected to Trustly, which is a popular payment method in Sweden. Hence, you can use this electronic ID number in any Finnish and Swedish BankID casino online. Here is a top list of the best BankID online casino sites.
We highlighted which operators allow you to deposit and withdraw funds with this option. Keep in mind that all listed operators work in Sweden, and as such are dedicated to the safety and protection of their players. You can learn more about each venue by visiting BestCasinos.com reviews.
How to Deposit at an Online Casino with BankID
BankID will cut registration time short and allow instant deposits and access to your favourite games. As you play along, casinos will create your digital account in the background without disturbing your playing time. You can enjoy premium entertainment without worrying about documentation, authorisation, and data. Here is how to deposit via BankID:
Visit the casino of your choice
Click “Play Now” to launch registration process
Enter the sum you wish to deposit
Choose your country from the list
Pick your bank from the options by clicking on the logo or name
Enter your ID and let the casino create your digital account
Authenticate the payment for the bank
Wait for the deposit to go through (it will take a couple of minutes only)
Instant deposits are one of the biggest advantages of using BankID at gambling sites. It is important to note this is a wire transfer method, so your data is always protected from harm. BankID is free of charge, and any subsequent action or transaction will be free as well.
How to Withdraw at an Online Casino with BankID
BankID casino withdrawals are just as fast as deposits. You only need to enter your payment details and let the operator do the rest of the job. If you are requesting a withdrawal for the first time, you will need to connect your ID number with the casino account. Here is the step-by-step process for withdrawals at casinos accepting BankID.
Visit the Cashier and select withdrawals
Pick Trustly as preferred method
Select a sum you wish to withdraw
Initiate the transaction by entering your e-ID details
Wait for the transaction to go through
The money will appear in your account shortly
The entire process is designed to last only a couple of minutes and take the hassle out of the equation. You do not need to register to be able to use the electronic ID number. As soon as you enter the number, the operator shall receive your identification data and transfer your money. The ID is connected to Trustly.
Fees and Processing Time
BankID casino sites offer fast registration without any costs. Players do not have to register to play. As a Pay N Play option, BankID is the easiest way to authenticate payments and transfer money.
BankID casino deposits are instant, while withdrawals at casinos accepting BankID take up to five minutes. Players do not need to go through authentication protocols at the site.
ID number transactions are free. There are no fees for deposits and withdrawals with this method.
Why Should You Use BankID?
It doesn’t get simpler and easier than BankID casino registrations. A champion of modern-day banking, Trustly quickly realized the potential hidden in the citizen identification solution and connected it to online gambling. Thanks to that, players have a safe and fast way to transfer money to their casino accounts without worrying about processing time and costs.
This option takes you to your favourite games in a couple of seconds, ensuring your personal data is safe at the same time.
Moreover, transactions are instant! You can access your digital account anytime using any device of your choice thanks to the single identification code. If you are a mobile user, you’ll love it even more. There’s a mobile app that lets you arrange and validate payments with quick face and fingerprint recognition protocols.
Plus, it is comparable to regular personal documents, which means it stands on par with personal documents like passports, driving licenses, etc.
It is great for players who do not want to go through registration processes, but you are not exactly playing anonymously. Your payment info is disclosed to the operator as it connects with your financial institution.
Another thing that is quite unfortunate is that not many sites offer it right now. It is a magnificent option, albeit one that’s reserved for players at select gambling venues.
Cost-free payment method for online gamblers
Safe to use in legit BankID online casinos
Players do not need to register to play
Players are not anonymous
Available only for players in Sweden, Germany, and Finland
The service is available in a handful of countries, so introducing a variety of currencies is not necessary. As a service native to Sweden, SEK is the primary currency. However, you can use any other currency that your financial institution accepts.
You do not have to worry about additional authentication of your identity and data as the operator gets all info from the ID service. Your data is stored on the ID, so the casino knows your identity and requires no further proof of your identity.