The shortest distance between two points is a straight line and when it comes to online payment methods, direct bank transfer is supposed to be the fastest. Also known as a wire transfer, this is the chosen solution for transferring funds to online casino accounts, without involving third parties.
There are certain costs associated to it, but those who value privacy and security are going to adhere. What is a Bank Transfer? Just as the name suggests, a bank transfer is a payment made straight from the bank account, to the chosen casino.
In order to complete the process, the user will need to disclose some personal information as the banks will try to verify the data. This is why sometimes it takes a bit longer for the transaction to fulfill, despite the fact that at least in theory this should be the fastest solution.
After the banks verify the methods and make sure that the one who sent the money is entitled to perform this operation, the funds are released. Under normal circumstances, it takes sometimes between three and five business days for the payment to be made, but sometimes it can take significantly longer. The worst-case scenario is for the user to wait as much as three weeks, but this is the exception to the rule.
On the other hand, there are those is the bank transfers that are at the opposite end of the spectrum, taking just a few seconds to complete. Using third-party service providers has the upside of speeding up the process but there are some fees to factor in. On the bright side, most of them are using state-of-the-art technology and will greatly simplify the process for those who deposit for the first time Paying with a Bank Transfer in an online casino Virtually all online casinos allow players to make deposits using the bank transfer, because this is a mutually beneficial operation.
On one hand, they don’t need to worry about the security of the transaction, on the other, they work directly with the bank. Players will find the option among the multiple choices for deposit in their online account and will be instructed to enter the corresponding numbers and additional information for verifying the identity. The only problem with depositing money using bank transfer is that the operation takes longer than it would had the user chose the credit card or e-wallet. Normally it will take between three and five days to get the funds transferred in either direction, but it is paramount for the user to enter the correct data. Any mistakes will lead to the suspension of the transaction, and the process will need to start all over again.
Withdrawing with a Bank Transfer in an online casino The bank transfer is accepted for withdrawals in most online casinos and there are many who offer this option for those who can’t use the same deposit method. Prepaid cards for example are not usable for withdrawals and this is where the bank transfer kicks in.