Using Banks Transfers at Online Casinos

A bank transfer or bank wire as it’s commonly known is the most common and basic form of depositing and withdrawing your funds to and from an online casino. All you need to do is enter your bank account details in your online casino account to either deposit or withdraw.

A bank transfer or bank wire as it’s commonly known is the most common and basic form of depositing and withdrawing your funds to and from an online casino. All you need to do is enter your bank account details in your online casino account to either deposit or withdraw.

32red bet365 betvictor coral
grosvenor mrgreen paddypower roxypalace skyvegas williamhill

Whilst a bank transfer is relatively simple to administer, there are drawbacks. The main disadvantage is that it can be time consuming and take up to 5 days to deposit or cashout your funds. It can take up to 5 days if you are a UK resident – if you’re abroad, it can take up to 10 working days. Using credit/debit cards is typically quicker.

Something that is often overlooked is that your bank may impose fees for sending or receiving funds. Fees vary by bank though so it’s best you check with them. bet365 games don’t charge any fees for example for depositing or cashing out using a bank wire but they only allow 1 free withdrawal per month. The reputable 32Red Casino charge a £5 fee is the bank transfer amount if not over £100.

Bank transfers are simple in essence – online casinos tend to have increased limits for using this banking method. There is no need to worry about currency conversion rates either as these are converted and the bank’s exchange rate (on the day you request your withdrawal).

Overall, bank transfers are still very popular for online casino players. The length of time it takes to deposit or withdraw your funds makes bank transfer less favourable than other banking methods. To look at the other payment methods you could use at online casinos, check out our section.