Direct Bank Transfer Review
Not everyone is comfortable using payment methods such as e-wallets, credit cards, or e-vouchers, for such people direct bank transfers is a great way to fund their online casino accounts. As the name suggests, a direct bank transfer is a payment method wherein you can transfer funds from your own bank account to a merchant account (casino account in this case) directly. This is one of the oldest known methods of funding casino accounts, and is almost as old as the online casinos itself. Gambling enthusiasts find it convenient, safe, and easy to use.
How does a direct bank transfer work?
To deposit funds into your casino account using direct bank transfers, you need to have a valid bank account with sufficient funds. You would be able to make transfers to tune of the amount available in the account, until and unless your bank allows overdraft on your account. When you have to fund your casino account through direct bank transfers, you will have to select bank transfer as the mode of payment, and once you do that you will redirected to the internet banking page of your bank.
After entering your login details, you will have to enter details of the merchant account, and the amount to be transferred. The bank then verifies all credentials and your account balance, and transfers the fund. This process, however, would take around 2-3 days in case of local bank transfers, and around 4-5 days for international bank transfers. In some countries there is a facility called e-check that lets you fund your casino account instantly through bank transfers.
What benefits can you expect by using bank transfers to fund your casino account?
Safety: In direct bank transfers, funds are routed through secured payment gateways of banks. So, you can stay assured that your funds will reach your casino account safely without falling prey to an online fraud.
Convenience: Most people are familiar with using and tracking their bank accounts for funds transfer. This familiarity and ease of use makes direct bank transfers a preferred way of depositing funds into casino accounts.
Same method can be used for withdrawal as well: The same bank account that you use to make deposits can be used to withdraw your funds as well. So, there is no need to have two different financial products for playing on an online casino.
Are there any downsides to making casino payments through bank transfers?
The biggest disadvantage of using direct bank transfers is the time frame involved. Funds deposited may take 2-3 days in case of local bank transfers, and around 4-5 days for international bank transfers to get reflected in your casino account.
Direct wire transfers are the oldest known and most popular way of funding casino accounts. The funds get transferred directly from the player’s bank account to the casino account. This payment method is safe, reliable and convenient. However, funds transfer with method takes longer than many other payment methods.
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