Bank transfer

Bank transfer online casinos are for those players who do not hurry with the payout. Bank transfer casinos are not so popular, because of long withdrawal time that can take up to 7 days.

What is bank transfer.

If you love to play at online casinos but are worried about using any kind of third-party wallets or your credit cards at the online casinos, a bank transfer is the best option for you.

Here, we will explore the method of bank transfer in-depth and also look at the way you can use the bank transfer method at online casinos and other important factors that you need to keep in mind.

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What is bank transfer?

Bank transfer is a simple method where payment is made using an electronic transfer from the player’s account to the online casino’s account.

Here, the player initiates the payment, and it is pushed into the online casino’s account.

It is considered to be a safe option for people because the bank accounts are verified.

In case of any fraudulent activity in your account, your bank will contact you immediately.

How to make a bank transfer online

To use bank transfer at an online casino, you need to have a bank account.

Then, you need to create an account at one of the top online casinos that offer such a payment method.

You will have to make bank transfer a preferred payment method and get the banking details of the online casinos such as their SWIFT or BIC codes, account numbers and more, through their customer care executive if it is not provided on the payment page.

You can then arrange for a transfer through the online method since it is more convenient than the telephone method.

You will be required to log in to your bank account and then send money to the legitimate online casino’s account.

The amount transferred should reflect in your online casino account within a few minutes.

DEPOSITS

Depositing money to an online casino is quite simple. You will need your banking account to make a payment to the online casino account. You should have the online casino’s bank details to make the transfer.

On your banking account, you need to click on the bank transfer or wire transfer option where you need to enter the bank name, bank account number, and other details and click on transfer.

One of the most important things you need to consider is to fill all the information correctly to avoid any problems later on.

It is also a good idea to note down the transaction ID until the deposit has been confirmed by the online casino.

WITHDRAWALS

You will be allowed to withdraw your earnings once you have enough money in your online casino account through bank transfer.

Most online casinos allow people to withdraw money once they have a certain amount of money in their account and not before that.

Some online casinos have a lower limit that needs to be reached to be able to withdraw money from the account. You need to enter the details of your bank and click on the withdraw button.

The money will take a few days (s) to appear in your bank account.

Bank transfer payout time

Bank Transfer is one of the slowest options to withdraw and deposit, although some casinos provide an immediate deposit option and withdrawal in most cases waiting also depends on the withdrawal method.

Bank transfer waiting times will depend on the country where you live and the location where the online casino is registered.

Different countries have different waiting times for the funds to transfer from one bank to another.

For overseas money transfer, it can take anything from 2 to 10 days working days to reflect in the account.

Only once the money has been transferred that one can start playing at online casinos.

Approximate withdrawal times

PAYMENT SERVICEWITHDRAWALWITHDRAWAL TIMEWITHDRAWAL LIMIT
VISAYes2-6 daysNZ$14,000 per week
Master CardYes2-6 daysNZ$14,000 per week
MaestroYes2-6 daysNZ$ 20,000 per day
SkrillYesInstantNZ$ 20,000 per month
NetellerYesInstantNZ$ 5000 per month
TrustlyYes2-48 hNZ$5000 per month
SofortYes2-48 hNZ$5000 per month
PoliYes2-5 daysOnly via bank transfer
PaysafecardYes2-48 h$5,500 per year
PayPalYes2-48 hUnavaliable
ecopayzYes2-48 h$12,000 per month
eCheckYes7-21 daysNo limit
Bank transferYes3-7 daysDepends on the bank
AstroPayYesInstantNo limit
MifinityYesInstant$10,000 per day
JetonYESInstantNo limit

Instant withdrawals

Bank transfer alternatives gives us the opportunity to make lightning fast withdrawals at online casinos.

Bank transfer casino method is really one of the safest methods, but if you do not want to wait too long for your payout or you just do not want to reveal your bank account to a casino, there is always an alternative banking method that you can use.

Below we have listed some of the fastest withdrawal casino solutions that are most used by NZ casino players:

Bank transfer fees online

Most banks will collect fees from the senders on all transfers that you make via them. The fee collected will be different from the money that has been transferred.

Even the receiving bank will cut its service fees from the money that is transferred to them.

Thus, it is best to check the processing fees before doing bank transfers.

In most cases, the fees are gonna be around 2.5% – 3% of your deposit or withdrawal. Good thing that not on all casinos we have to pay those fees.

The charges levied will vary depending on the bank and also on the country where the transfer is being made.

Advantages of bank transfers

All you need is your bank account details to transfer money. Another advantage is that most of the online casinos out there have bank transfer as one of the options.

You will not have to create an additional account to transfer funds. Another benefit is that bank transfers are used by everyone around the world and is a reliable means to transfer money.

  • Bank transfers allow you to transfer funds from your account to the online casino account.
  • The transactions are secured because all of the top banks use encryption protection.
  • It ensures that your transaction is safe from any hacks and your funds are not stolen.
  • You will also not need to use any card or wallet to move real cash.

Frequently asked questions

How to transfer money from PayPal to a bank account?

You can transfer or withdraw your money from the PayPal account online or using the PayPal app. You need to log in into your Paypal account, go-to wallet and click option for withdrawing money.

How long does the bank transfer take?

Usually, in NZ waiting time depends on your bank, but in most cases, it is from 3 to 7 days. If the person you are sending funds to, has an account in the same bank as you, the funds are delivered within 24 hours. If you send funds to an account in another bank, it can take up to 7 days.

What is the minimum amount for deposit via bank transfer?

It depends on the casino minimum deposit amount, in most cases is 10$ but players should have in mind that bank during transfers charges some fees, so you will probably need at least to deposit 20$.

How does a bank transfer work?

A bank account transfer works when a person requests a bank to send money directly to another account.

Sources:

  • Casinos on our site
  • https://transferwise.com/help/15/paying-for-your-transfer/2559761/paying-by-bank-transfer
  • https://www.paypal.com/us/webapps/mpp/paypal-instant-transfer
  • https://www.kiwibank.co.nz/personal-banking/