Bank Transfer Casinos in India

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.

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. 

  • While opening a bank account choose ‘bank transfer’ option as a mode of payment for receiving and sending the money. 
  • Once your application is processed and your bank accepts it as money transfer mode, bank transfers can be carried out on your desktops and via online/internet banking or bank’s app on the mobile. 

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. 

  1. 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. 
  2. Then, you will need to enter your login credentials, username and password to have access to online banking. 
  3. Proceed with the necessary procedure to deposit the funds to your casino accounts. 
  4. It might take 3 to 5 working days to reflect the funds in your casino accounts. 

Important things to note: 

  • When you carry out deposits to your casino accounts using the bank transfer, you will be charged a processing fee. The fee varies from bank to bank and region and country. 
  • The funds do not reflect instantly and take a minimum of 3 working days to process the request. 
  • The users are bounded by a minimum limit for depositing the funds. The limit also varies from bank to bank.

Points to consider while withdrawing

Here are the steps involved in withdrawing the funds from your casino accounts. 

  1. Go to the cashier section of the gambling site and select the withdrawal option. 
  2. Opt for withdrawing funds using bank transfer. 
  3. 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. 
  4. 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. 

  • Casinos also set a minimum withdrawal limit. Moreover, the players need to meet the wagering requirements to use the promotions and free spin bonuses to allow the withdrawals. 
  • When the player is withdrawing a big amount of money or a jackpot prize, he/she would require to submit his/her identity and residential proof. 
  • The withdrawal amount does not immediately reflect in your bank account and can take up to 3 to 5 working days.

Advantages of Using a Bank Transfer

There are several benefits that the players enjoy with this method.

  • Bank transfer is the easiest, safe and secure mode of depositing and withdrawing funds from your casino’s accounts. 
  • This payment method is available in most Indian casinos. Moreover, most casinos also want their players to use this method to fund their accounts. 
  • The procedure is very simple. All the player has to do is select the bank transfer option while making transactions and enter all information required by the casino. 
  • All the transactions are secure and safe. Casinos, as well as banks, use high standards of security such as encryption technology to keep the user data safe.
  • Besides depositing, the method can be used to withdraw winnings (which reflects in the bank account after a certain period). 
  • Since this is the easiest and reliable method, anyone with a bank account can use it to fund their casino accounts. 
  • The players get access to huge welcome bonuses when sign up using bank transfer as a payment method (the amount and type of bonus differ for different casinos).

Disadvantages of Using a Bank Transfer

Well, everything comes with some drawbacks, so is the case with the bank transfer method. 

  • The waiting time to reflect the amount in your casino account can be troubling and cause inconvenience to some. 
  • The players who want instant access to their accounts and start gambling at the earliest can use the instant transfer method, but it can incur higher charges(fees). 
  • Revealing personal and financial information to casinos may cause inconvenience to some. 
  • Some banks may also not allow making transactions for gambling. 

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. 

Frequently Asked Questions

Frequently Asked Questions

What is a local bank transfer?

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.

Can I use bank transfer to fund my online casino account?

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.

Is bank transfer a safe method for transferring funds in casinos?

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.

How much time does a bank transfer require to fund an online casino account?

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.

Does the bank transfer method also allow the withdrawal of casino winnings?

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.

What are the requirements to deposit funds to an online casino using a bank transfer method?

The player only needs to have a bank account and money in it to deposit or transfer the funds to an online casino account.

What Indian casinos accept this method?

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.

Is there any deposit or withdrawal limit in this method?

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.

Does the bank transfer method comprise any medium or middle man?

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.

Can I earn welcome bonuses with the bank transfer 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.

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