Bank Transfer Casinos - Manage your Budget Directly from your Bank account
A wide variety of online casinos it allows you to make deposits directly from your bank account.
This tool is best for those people who are not confident in the use of means of payment electronic such as e-wallets or debit and credit cards.
Safety always comes first!
- Bank transfers are a financial tool that allows us to send funds from one bank account to another.
- The security of bank transfers is guaranteed, since these operations are much more transparent between the sender and the receiver.
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For online casinos, bank transfers are efficient, but these must be verified by the operator, which takes some time to materialize.
- Online casinos allow transactions with bank transfers due to the wide access that banks have to their customers' information thanks to their KYC policies and the use of SWIFT, IBAN or BIC systems.
- All financial transactions in African are regulated by the Bank of Africa, we can get more information out heré .
- The casinos that we promote on our website are governed under the strictest security standards and according to the laws imposed by the African state and the dollarpea Union.
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| A bank transfer may take between 3 to 5 business days to become effective. |
How to use bank transfers as a payment method in online casinos?
Making a deposit through a bank transfer has its advantages if you are patient.
Below, we are going to offer you all the details you need to know to make an informed decision.
Are there any fees when withdrawing or depositing with bank transfers at an online casino?
The security offered by bank deposits cannot be offered by any of the popular electronic means.
But the cost of this security is high, since banks charge certain commissions for their services.
You can see more details on some of the most popular casinos in Africa in the table we present below:
| Casino | Deposit Fees | Withdrawal Fees |
|---|---|---|
| Bet365 | 0% | 0% to African banks |
| William Hill | 0% | The charge generated by the receiving bank |
| Casino Gran Madrid Online | 0% | The charge generated by the receiving bank |
How to deposit and withdraw at online casinos using bank transfers?
To make a deposit using your bank account at your favorite online casino, you just need to follow these simple steps:
- Create your user
- Find access to the payment methods option.
- Proceed to enter the amount of money you want to deposit together with the bank details requested by the platform. Pay attention, since they can request your IBAN, SWIFT or BIC number.
- Now you just have to wait, most deposits become effective between 3 and 5 business days.
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The KYC policies applied in Africa are universally used in the countries of the dollarpea Union to prevent money laundering.
Source: Wikipedia |
Solutions to common problems with bank transfers
Using bank accounts to make deposits and withdrawals from your favorite online casino ensures that only you have access to your funds, however, you may encounter the occasional obstacle along the way.
- If you cannot withdraw your winnings you must notify your bank and let them know that the cash flow comes from online betting.
- If you want to change your payment method and the casino still reflects your bank account, you need to contact the company's customer service.
- It is unlikely that an online casino will put obstacles in the way of verifying the information related to your bank account beyond the ownership. This can take some time and can be annoying if you have a craving to play.
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The more movements you make with your online casino account, the more documentation will be requested to verify your identity.
Source: Infogame |
Advantages and disadvantages of bank transfers as a payment method in online casinos
| Pro | Cons |
|---|---|
| It is an accessible and well-known payment method worldwide | It can be quite expensive, especially if you are outside of Africa |
| The level of security is total | Your ability to collect some bonuses may be limited at some casinos |
| You can transfer from anywhere in the world | Neither withdrawals nor payments are immediate, they always take 3-5 business days. |
| You can make large deposits, but widely limited with other payment methods | Sudden movements of large amounts lead to the request for identification documents, both from the casino, and from the bank |
Bank transfers against other payment methods
Bank transfers are incredibly popular among people who are not used to the technological conveniences offered by other financial products.
It is also the preferred means of payment for players who enjoy betting big, since the limits for the movement of funds is much wider.
We will be able to better understand how advantageous bank transfers are in the comparative table that we present below:
| Characteristic | Bank transfers | Visa/MasterCard | Paypal | Bitcoin |
|---|---|---|---|---|
| Minimum waiting time | ✖ | ✔ | ✔ | ✔ |
| Ability to deposit high amounts | ✔ | ✖ | ✖ | ✖ |
| Increased security | ✔ | ✖ | ✖ | ✖ |
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International transfers have a high cost because only 7 banks worldwide have the necessary platform to carry out these operations. The organization that brings these banks together is called SWIFT.
Source: Wikipedia |
Finding
Bank transfers could easily be classified as a traditional and secure banking tool, but with a rather high cost for the average or casual player.