How To Make A Casino Bank Transfer For Online Gambling

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Posted: September 15, 2023

Updated: September 15, 2023

All online casinos offer their players a huge selection of payment options. This means that no player need miss out on the fun simply because they're missing a certain payment method. For those who don't like e-wallets or credit cards, there's always the trustworthy but slow casino bank transfer.

Today, we delve into the preferred casino bank transfer options of experienced slot players and experts. While numerous casinos might offer swift wire transfers, it’s essential to consider many other factors. To streamline your search and ensure optimal time and cost savings, here at Gamingzion.com we’ve meticulously taken a detailed look into these platforms. We’ve compared fees, deposit limits, game selection, safety features, and more. Additionally, we offer insights into the mechanics of depositing via bank transfer, its comparison to other payment methods, and guidance on securing a bank transfer bonus.

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Efficient Bank Transfer 

We recognize that many players at online casinos are looking for the quickest and most convenient deposit methods. Unfortunately, bank transfer deposits and withdrawals often lag behind other payment options like e-wallets like PayPal and Skrill, and cryptocurrencies in terms of speed.

Deposits can take up to 48 hours, influenced by factors like your bank’s server load, the time of day you initiate the transfer, and other variables. Withdrawals may also require up to 7 days, contingent on the casino’s processing times. Nevertheless, rest assured that the best online casino sites in the UK like King Billy Casino offer both rapid deposits and withdrawals via bank transfer.

Comparing Instant Wire Transfer Casinos To A Standard Bank Transfer

When it comes to casinos, there’s a significant distinction between those offering instant wire or bank transfers and those relying on traditional bank transactions. The most noticeable contrast lies in the processing time. An instant casino bank transfer ensure that your funds are swiftly credited to your casino balance within the hour, whereas regular bank transfers may take up to 24 hours to finalise. You can delve deeper into various bank transfer options below to better understand the different types of bank transfers:

casino bank transfer
Picture Source: Pxhere
  • Instant Bank Transfer – True to its name, this method is the quickest and simplest way to deposit via bank transfer. Deposits are cleared within seconds at instant transfer casinos, typically available within the SEPA region. Fortunately, this isn’t an obstacle for UK players, as regulated casinos should maintain bank accounts in the UK or Europe. Even post-Brexit, the United Kingdom retains SEPA status. Look for the ‘instant’ logo on your casino’s payment page to identify these casinos.
  • Direct Bank Transfer – This represents the standard casino bank transfer route. While more common, it’s slower due to the involvement of a clearing house if the online casino’s bank differs from yours. This additional step can extend transfer times to between 1-3 days.
  • Wire Bank Transfer – This type of transfer is more common in the US. Wire transfers pass through an international system, often utilising the SWIFT network. It’s ideal for international money transfers or transactions involving different currencies. But it will take some time to clear.

How To Deposit At Online Casinos Using A Bank Transfer

The process of depositing via wire transfer at an online casino like King Billy Casino is consistently swift and uncomplicated. If it weren’t, they wouldn’t rank among the top casinos in the world. Here’s how to get started:

casino bank transfer
Picture Source: Pxfuel
  1. Visit your chosen online casino, create an account, and navigate to the Cashier, Wallet, or Banking section.
  2. Depending on the casino, you may be able to complete the bank transfer directly within the cashier interface. However, some casinos may require you to note down a Payment Reference number and the beneficiary details (the casino’s bank account details). In this case, you’ll need to log in to your online or mobile banking or contact your bank in person or by phone.
  3. Provide your bank with the beneficiary details and the deposit amount, following the same process as any other casino bank transfer, whether to friends, family, or online retailers.
  4. Once your deposit is confirmed, your funds will appear in your casino account. It’s a straightforward process!

Deposit Limits And Fees

The minimum deposit amount through a bank transfer depends on your chosen casino, but they typically range from £10 to approximately £5,000. The maximum limit is influenced by such factors such as your casino activity, responsible gambling tools, and any deposit limits set by either you or the casino. Most casino bank transfer deposits incur no charges at our top-rated casinos.

casino bank transfer
Picture Source: The Blue Diamond Gallery

However, please be aware that your bank may levy fees, typically applicable when transferring funds from a foreign account or currency. Also, according to online gambling news in the UK, it’s quite possible that some banks don’t allow transfers to and from online casinos and your bank account for ethical reasons.

Transfer Withdrawals From Your Bank

Withdrawing funds from an online casino through a bank transfer is a straightforward process. Simply follow these simple steps:

  1. Sign in to your casino account and navigate to the cashier/withdrawal section.
  2. Determine the withdrawal amount while adhering to any withdrawal restrictions imposed by the casino.
  3. Choose your bank from the dropdown menu (this may already be selected if you used a bank transfer for your deposit).
  4. Input the withdrawal amount and your bank information.
  5. Take note of the unique transaction ID/payment reference number provided; store it securely.
  6. Await the withdrawal, which will be transferred directly to your bank account.

We suggest that you always ensure you save your payment reference/transaction ID number. It serves as a crucial identifier should any issues arise, allowing both the bank and the casino to trace the withdrawal and investigate any potential discrepancies in the payment process. Keep in mind you will be required to complete KYC (Know Your Customer) requirements before you’re allowed to cash out.

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Bank Transfer Withdrawal Policies: Limits, Fees, And Processing Times

When it comes to withdrawing funds from bank transfer online casinos, the specifics vary depending on the casino and its policies. However, there are several crucial factors to keep in mind:

  • Minimum Withdrawal Amount – Typically, the minimum withdrawal via bank transfer is approximately £20.
  • Fee-Free Transactions – A reputable bank transfer casino will not impose any withdrawal fees, ensuring your winnings remain intact.
  • Processing Time – Bank transfer withdrawals may take up to 7 working days to complete. This processing time is notably slower compared to withdrawals from PayPal or Skrill casinos.
  • Availability – Most casinos that accept bank transfer deposits will also offer the option for bank casino transfer withdrawals.

For those seeking faster withdrawals using their online bank account, we recommend utilising the Trustly payment method. With Trustly, you can securely log in to your bank account via your chosen casino, and both deposits and withdrawals are processed instantly for your convenience.

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