23. July 2021
All You Need to Know About Bank Transfer Casinos
Bank transfer casinos rank as one of the oldest and trusted means of transferring funds from a given bank account to another at 1001onlinecasino . The method is normally used by million of people around the world.
Using Bank Transfers
Bank transfers will never go out of fashion because of the security that comes with it. All you need is to hold an account with any given banking institution. You can never be too sure?
- SWIFT Codes
After collecting the banking information you need, it is a requirement to instruct the bank transfer that funds your personal banking account. Some current banking institutions support online banking and needs filling of some forms.
What You Stand to Gain
Despite being a traditional form of cash transaction, it holds a lot of significance for most players. However, bank transfers remain one of the safest means to deposit your funds at online casinos with your bank account.
One technique that makes them the safest methods is the fact that the player does not share any banking information with third parties. Most banks use state-of-the-art encryptions to protect all cash transactions within the casino.
Fees for Gambling Transactions with Bank Transfers
It is important to note that bank transfers will cost a load of money at the online casino. It is important to note the cash transaction charges that apply therein for your gaming session.
The charges at the casino depend on the policies at the specific bank. Most banking institutions charge flat fees while others charge as a percentage from the transferred sum. The higher fees apply on different occasions.
- Varies between banks
- Maintenance fees apply
Processing Times for Bank Transfers
Even though most of the bank transfer transactions are secure, they lack in one department. When it comes to the processing times, it takes up to days to complete a transaction. The times vary depending on casino.
Using the bank transfer method might prove a logistical nightmare for a new player. Other banks needs a player to physically visit a bank and fill the application forms. It takes between three and five business days.
- Withdrawal time = instant
- Deposit time = several hours
Mobile Bank Transfers
Most banking institutions are developing their own mobile applications that gives their customers' easy and convenient access to their online banking services. Furthermore, the process is fairly easy, and you can select your preferred payment option.
In case you want to make a cash transaction, you can dial a special number set up by the banking institution. Most banks have a live support team to help complete transactions. Ask your casino today!