Bank transfer is one of the easiest and convenient methods to transfer money from one account to another from the comfort of your home. If you have an online banking service you do not have to visit the bank account to transfer the funds. This is one of the most common methods used by individuals and big organizations. Now the gambling industry is also using bank transfer widely as a payment and withdrawal method. This is good news for online gamblers who are not comfortable with using E-wallets and credits and debit cards. This electronic fund transfer service has brought revolution in the online gambling industry. The major benefit of using an online banking facility in gambling is that it is easy and hassle-free.
Bank transfer is a widely used method by most online casinos (at least reputed ones) in India. Here is the list of top casinos accepting bank transfer.
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Fund Your Casino Account Securely with Bank Transfer Method
If you are from India and prefer to gamble online, one of the essential things you look for is the payment methods. The transactions you make to deposit and withdraw funds are needed to be safe, secure and easy to operate and the bank transfer method provides you with all these necessities at once. Want to know more about this method? Here is the complete guide on creating a bank transfer account and making transactions to fund your account.
How to sign up for bank transfer?
Money or wire transfer online is very convenient and easy, when you have a real bank account. You can make payments through phone banking, internet banking or by emailing a payment instruction to your bank. Here is the step-by-step process for setting up an account.
You would require to provide mailing as well as an ID proof to the bank to acquire permission for online as well as mobile bank transfers. For residential/mailing proof you can submit a copy of utility bills and for identity proof, your driving license or passport.
Verify The Bank Transfer Option In The Casino
Verifying the bank transfer account is one of the most important steps. Make sure the casinos that you are setting up an account for, accept bank transfer as payment method. Since this is one of the most popular methods, it should be accepted by almost all online gambling sites.
Once the account is set up and you are sure that your preferred casino offers a bank transfer facility, enter all the required bank details for quick and easy deposit and withdrawal of funds. The casino might take a period of 3 to 5 working days to verify and process your transaction.
Security and confidentiality
The privacy, safety, and security of the financial as well as personal information is the major concern of the users which is of utmost importance. With bank transfers, you get 100% safety and security for all your online transactions. The banks are responsible for protecting and maintaining the confidentiality of their customer information. Therefore, they follow the highest security procedure for all the electronic transactions that take place between the banks and casinos, so that hackers cannot access the private information that is meant to be kept confidential.
Similarly, the experts advise the online gamblers to make sure that the ocasinos they are signing-up for follow high security measures. This should be done to ensure that the user data and other sensitive information is safe. Most casinos use high-end encryption methods in case of online transfer. The encryption of online transfer of data and funds protects it from hackers and any other third party sites.
Points to Consider While Making Online Transaction in Casinos
Transferring the funds via bank transfer is safe and secure, but there are certain things you need to keep in mind while gambling online using bank transfer as a payment method.
Points to consider while depositing.
Online gamblers must keep in mind that if the funds are deposited using the bank transfer method, they will have to use the same method to withdraw funds from their account. Below mentioned is the deposit process in casinos using the bank transfer method.
- First, go to the cashier or payment page on the gambling website and select the bank transfer option. You will be redirected to a new page where you would be required to choose the country and bank.
- Then, you will need to enter your login credentials, username and password to have access to online banking.
- Proceed with the necessary procedure to deposit the funds to your casino accounts.
- It might take 3 to 5 working days to reflect the funds in your casino accounts.
Important things to note:
Points to consider while withdrawing
Here are the steps involved in withdrawing the funds from your casino accounts.
- Go to the cashier section of the gambling site and select the withdrawal option.
- Opt for withdrawing funds using bank transfer.
- You will be redirected to a new window where you will need to enter the details of your bank and the amount to be withdrawn.
- Then click the ‘confirm’ button to commence the withdrawal.
Like depositing, certain things need to be kept in mind while withdrawing funds from your casino account.
Advantages of Using a Bank Transfer
There are several benefits that the players enjoy with this method.
Disadvantages of Using a Bank Transfer
Well, everything comes with some drawbacks, so is the case with the bank transfer method.
What are the Best Alternatives to Bank Wire Transfer for Casino Deposits?
In case, you do not find bank transfer as a convenient method due to the revelation of bank information or long waiting period, you can opt for alternatives for secure payments.
Cards: The players can use debit and credit cards to gamble online. Most gambling sites accept Visa and MasterCard, which can be used to fund the accounts. Also, this is a faster and affordable method. However, it cannot be used for withdrawals.
Instant or Fast Bank Transfer: The method is also known as instant banking casinos, which includes bank wire transfer which is relatively faster than the classic one. The method takes less time and the transfer is done in 3 business days.
E-wallets: Electronic wallets are another best alternative, which requires less time to process your funds and the payments are also secure and reliable. The most common e-wallets that Indian casinos include are PayPal, Neteller, Skrill, EcoPayz and more.
Bank Transfer Payment Method Faqs
Local bank transfer means the transfer of funds from your local bank to your preferred casino’s account. Once the process is completed, the casino will transfer the fund to your account, which the players can use to play games for real money in online casinos.
Yes, banks transfer is one of the widely used payment methods accepted by online casinos in India. Most public, as well as private banks, permit the transfer of funds to online casino accounts.
Bank transfer is one of the safest and secure methods to make transactions in online casinos. The banks, as well as online gambling sites, use high-end encryption technology to keep the personal and financial information of the customer safe.
It may take up to 3 to 5 business days to reflect funds in your casino account. The players have to be patient when using this method. This is the slowest method, but it brings many benefits and perks along, such as huge welcome bonuses.
Yes, it does. The bank transfer can be used to withdraw the funds, which will be credited to your account as soon as the transaction is completed.
The player only needs to have a bank account and money in it to deposit or transfer the funds to an online casino account.
There is an array of online casinos in India where bank transfer is accepted. Some of the most top casinos are LeoVegas, Royal Panda, Betwinner, 22Bet Casino, Casumo and Betway.
No, the method does not come with a limit. But the banks and casinos do apply certain limits to the transactions. The limits usually vary from bank to bank and from one location to another.
No. There is no medium between your bank and online casino bank, and the transactions are processed directly. The absence of a medium or a middle man makes it a safer and secure method.
Making transactions with bank transfer brings many perks and bonuses along. Many casinos offer huge welcome bonuses when you make your first transaction using this method.