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One payment method you can always count on when looking for your favorite casino is the bank transfer option — especially for withdrawals. An instant bank transfer casino sounds boring because the payment method is one of the oldest available.
Here at CaptainGambling.com, we are determined to look into the different layers of an instant bank transfer casino and demonstrate that this payment method has some rock-solid pros hidden under the “ancient” stigma. Join us as we dive in and reveal the hidden gem you need to consider — the bank transfer casino.
Bank transfers weren’t always instant, and that’s possibly where the stigma that it’s old, ancient, and unusable comes from. Let’s start by getting to know the best online casino payment methods by looking at the deposit and withdrawal methods at casinos that accept bank transfer.
Withdrawal via bank transfer is almost always an option at casinos that accept bank transfer, so all we need to do is go through the steps and familiarize ourselves with the withdrawal process.
With bank transfers, chances are that you’re going to pay banking fees or transfer fees. Not all banks have the same amount they charge for transfers, but if you are unsure, you can make a query at your local bank to make sure the correct amount is subtracted as a transfer fee.
It normally works like this: the larger your withdrawal amount, the larger your transfer fee, so this is also something you should keep in mind when gambling at the highest payout casino and making relatively large withdrawals.
Withdrawal speed may not be the same between different banks, but looking at an average, you can estimate that your funds will be in your account between 3-5 business days. Keep in mind that if your funds are processed over a weekend, it may take longer to reflect as the weekend does not count as business days.
Overall, 3-5 business days doesn’t seem too bad, especially if you consider that there are other payment methods like credit and debit cards that are seen as more modern that can take the same time in a withdrawal process. Mostly, it depends on the verification requirements.
When registering with an instant bank transfer casino, it’s routine to ask for some real personal details. Nothing intrusive, but you need to be able to prove your citizenship, residency of the state you live in, and that you actually exist. Also, a bank wire transfer casino needs to be able to confirm that you are of legal gambling age just like casinos on a credit card casino list. In the end, there are pros to providing all of these details, as it will keep your account safe from fraud and identity theft.
Here is a shopping list just for you so you know more or less what you’ll need to provide. Of course, there may be some details that are not relevant as requirements may differ.
Before processing a withdrawal, an instant bank transfer casino may, just like the best casinos with debit card, require that you verify your identity to ensure that the transfer is legitimate and secure.
The first monetary transfers took place over 150 years ago when telegrams were invented and started becoming popular. So, transfers were sent via telegram, and it was in the US that the first monetized telegram went on its journey. Western Union was, during that time, a well known leader in the world of finance, and they were the first company to send the monetized telegram. But, how did a monetized telegram work exactly?
Monetized telegram transfers consisted of an individual paying an amount to a telegram station. The telegram station would then send a telegram to the destination, instructing to pay the specific sum to the recipient on their end. Of course, there was a fee charged to access the monetized telegram service, and during that time, it became a very popular way to manually ‘wire’ money to others that lived far away.
When banks began offering monetized transfer services, they wanted to revolutionize the process to make it more attractive and convenient, and when computers became an integral part of the banking system, electronic transfers eventually followed. Electronic transfers made the whole transfer process much safer and cheaper than the previous method.
The result of electronic payments that developed from the more manual approach of telegrams is a user-friendly approach to making monetary transfers. Online banking and even mobile banking apps make it as easy as pressing a button.
This is, of course, the influence of the internet that revolutionized the banking system even more and completely transformed the way we access and transfer funds. However, with these new innovations came new opportunities for crime, which also had to be addressed, and financial institutions take great measures to ensure that their customers’ funds and transactions are safe and protected against fraud. This is one of the reasons why it is easy to use an online casino with bank transfer deposit.
Neteller is famous for its customer support and also its approach to security. This doesn’t necessarily make Neteller better than a bank transfer as most banking institutions have great security as well. Bank transfers, on the other hand, are direct, while Neteller is not a bank account but viewed as a “middleman”. Ultimately, both are famous for being really safe, which is crucial when gambling online.
These two are very much the same considering they are directly linked to banking institutions. When it comes to an instant bank transfer casino, the bank transfer is a staunch favorite when it comes to withdrawals, where MasterCard can be more unreliable.
Again, depositing or withdrawing via bank transfer means that you are transferring your funds directly to your account from your bank with no middleman. PayPal is an example of a middleman in this respect, which is not a bad thing but more a case of preference. PayPal may also have a quicker waiting period than a bank transfer, but may not always be available for withdrawal.
When it comes to an instant bank transfer casino, the trusty bank transfer is always a withdrawal option because there’s no fuss for the operator or the bank in this regard. If you consider this, a bank transfer is a consistent and trustworthy payment method that you can rely on and you also know is very safe. If this is your go-to, you’ll never have to worry about looking for a casino by checking out the payment methods first ‘cause your trusty bank transfer will always be there.
The bank transfer casino has not forgotten the days of the monetized telegram. If you want steadfast convenience that has stood the test of time, you need to pay the relevant fees. If this is not an issue for you, then you and the bank transfer method are perfect for each other. However, if you don’t want to pay transfer fees, you may want to do a bank transfer withdrawal only and look at another option for deposits.
We all know that operators love their bonus deals and most quality casinos offer regular promos. However, an interesting part of these bonus offers’ requirements is often that you need to use a specific payment method. As we’ve looked at scores of these deals, we’ve realized that bank transfers are almost always excluded. If you love your bonuses and promos but you’re a hardcore bank transfer gambler, make sure to read the fine print before you disqualify yourself in one of these deals.
Making a deposit with a bank transfer casino may seem old-fashioned to some, but we know that bank transfers and any instant bank transfer casino hold some real value in terms of security, integrity, and availability.
You’ll always find the old bank transfer lurking in the cashier area, and the day when you have no other option, it will serve and protect. From its most fascinating history to its comparison to other payment methods, there is still a place for the bank transfer option in the casino cashier section.
A bank transfer is a unique way to send funds from your bank account to another destination. There are several important things one needs to know about bank transfers before making one to ensure that it is a safe and secure transfer. Our review tells you everything you need to know about bank transfers, so make sure to take a look!
There are several differences that make each payment method ideal in different circumstances. This is also why different people prefer different payment methods like PayPal and instant bank transfer. If you take a look at our in-depth review, you can find out more about how these two methods are different and maybe also the same, so you can decide which payment method works for you.
An instant bank transfer has a very interesting history, and the transfer wasn’t always electronic. In fact, there is a whole section on the history of bank transfers in our review to provide context on how bank transfers developed along with lots of other practical information you can use to learn more about using instant bank transfers. Take a look to get all of the information you need.
There are lots of similarities between bank transfers and using a credit or debit card from MasterCard. By learning more about bank transfers, you can find out how the transfer system works. In our review, we also compare bank transfers to a few other payment methods, so make sure to take a look and decide for yourself.