Online Casinos & The Old-Fashioned Bank Transfer

Bank transfer is a widely used payment method that has found its way into almost all industries across the world. It’s one of the oldest online casino transaction methods and still one of the most popular ones. That’s why it’s important to know exactly how online casino bank transfers work and what are the benefits and drawbacks of using this payment method. Continue reading this page to learn everything about casino bank transfers and get to know who are the top UK casinos that accept bank transfers.

The 9 Best Online Casino Bank Transfer Sites:

How Casino Bank Transfers Work

Online casino bank transfers work in a very simple and straightforward way. The entire bank transfer process has stayed pretty much the same over the last few decades. All players are required to do is create an account with the casino and complete a couple of steps in order to transfer money to and from the casino. Now, let’s take a closer look at how the deposit and withdrawal process looks for casino bank transfers.

This is the entire deposit process when using bank transfers. Even though it may consist of a few extra steps compared to payment options like e-wallets, it’s straightforward and easy to complete. When it comes to the necessary personal and financial information that the player must share in order to make a deposit, it includes basic data requirements and a few additional pieces of information such as the casino’s data and IBAN.

Alternatively, the player can make a deposit using his online banking account

This is a less common, but still very reliable way of making a deposit into an online casino. Except for the fact that the process is being carried out on the bank’s website instead of on the casino’s platform, the deposit process is pretty much the same.

Withdrawing Money with Bank Transfer

Pretty much every top UK bank transfer casino that allows players to deposit using this method also approves bank transfer withdrawals. The withdrawal process is fairly like the deposit one we talked about above and requires all the same steps. When the player requests a withdrawal, he must wait for the casino to process and allow the transaction and then for the bank to do the same before the transaction is completed.

This means that, just like deposits, withdrawal transactions also take at least a couple of days to complete. In some cases, for example, if the player is making a large withdrawal at the online casino, the process can take more than a week.

Are there any fees for Using Bank Transfer Solutions?

Just like transaction limits, bank transfer fees can also vary. Each bank has its own individual transfer fees, whether it’s a fixed money fee or a certain percentage of the transfer sum. The fees depend on the bank, but also on the player’s location, as international bank transfers are often higher.

LeoVegas – A top UK Bank Transfer Casino

LeoVegas is a very generous online casino that offers a bonus worth up to £400 + 100 Free Spins to all its new players. It is without a doubt, a top casino for UK players. It ticks all the required boxes to meet all our important criteria. It’s safe, reliable, has a rich game library compatible with mobile devices and offers excellent bonuses and promotions to its members.

LeoVegas is also the perfect example of how a high-quality and very reputable online casino that accepts bank transfers should operate. Moreover, this casino is one of the few online gambling platforms that accept Trustly, an instant bank transfer solution. This means that players can enjoy all the features and advantages bank transfers offer, plus have the benefit of fast transactions.

Bank Transfer Advantages at Online Casinos

Bank transfer solutions offer a lot of advantages to online casino players. Here are some of the biggest ones:

Available for Both Deposits and Withdrawals

This is something most casino players take for granted, even though it’s a useful and convenient advantage. Compared to other payment methods like Boku and Paysafecard, bank transfer gives casino players a lot of flexibility as they can use this payment method to make both deposits and withdrawals.

High Transaction Limits

Whether depositing or making withdrawals, bank transfer is an excellent option for players who like to play big. Bank transfer options allow some of the highest transaction limits out of all online casino payment methods. Limits depend on the specific terms and conditions of each bank and can go up to £100,000 or more, so there is more than enough room for every casino player.

Simple and Easy to Use

Another major advantage of bank transfers is that they’re extremely easy to use. Since most players are probably already acquainted with the bank transaction process, they will have no problem using this payment option in online casinos. The player can use bank transfers to make deposits. Plus to claim casino bonuses in order to boost his gaming budget even further.

Very Secure

As is the case with every payment method, there are certain potential risks and vulnerabilities. In the case of bank transfer transactions, the risks are minimalised since there are multiple security and safety measures set in place by several participating institutions. This means that there are multi-encryptions and security systems.

Compatible with Mobile Devices

Players can also process bank transfers in full comfort and convenience, straight from their mobile and tablet devices. Many top UK bank transfer casinos have created dedicated mobile apps for their customers, allowing them to make bank transfers through an app and have an even more enjoyable online gaming experience.

Bank Transfer Disadvantages

Even though casino bank transfers are among the most time-tested and reliable ways of paying at online casinos, they do have some drawbacks. One of the biggest ones is certainly the transaction processing time. This is significantly longer compared to other popular casino payment methods like e-wallets. In ideal conditions, the withdrawal process can last between 1 and 5 days. At some online casinos it can take up to 7 business days to complete the withdrawal transaction.

Another disadvantage that may turn some players away from using this popular payment method is the transaction fee that comes with it. Given the fact that transaction fees can reach up to £50 or more at some banks, it’s recommended to do a bit of research in order to know if bank transfer is a viable solution in every case. Generally, players who use bank transfer solutions, do so because they are withdrawing large amounts of money and don’t mind the larger transaction fees.

The Emergence of Instant Bank Transfers

The best online casinos accepting bank transfer payments have already started implementing instant banking payments on their gambling platforms. These instant banking transactions are carried out within minutes and offer the same levels of security and privacy as regular bank transfer options. Instant bank transfers usually operate through a third-party digital service, which instantly transfers the funds between accounts. This can be seen with providers like Trustly, which is available at top UK online casinos.

These instant banking options are only offered by a handful of online casinos. While instant bank transfer solutions are still in their early phase, the potential is here, and they will surely get more popular in the following years.

Bank Transfer Security and Safety

As we’ve mentioned above, bank transfers are one of the safest payment methods available at online casinos. This is because online bank transfers are, just like online casinos, are protected by at least a 128-bit SSL encryption. Meaning that anyone who wants to get their hands on the players personal and financial information will have to go through a double encryption wall.

When it comes to security, bank transfer solutions beat out all other payment methods, since the transaction is being carried out by the bank itself. Of course, that’s why it’s also important to make sure that the bank which carries out the transaction, has a good reputation. Another thing that will appeal to privacy-enthusiasts is the fact that bank transfer details are never saved. This means that, unlike debit card transaction details which are always saved, bank transfer details are completely inaccessible and can’t be compromised by hackers.

Other Popular Casino Payment Methods

While bank transfers are one of the oldest and most secure online casino payment methods, it’s understandable that some casino players might prefer using a different payment option. Whether it’s because they find that bank transfers take too long, are too expensive for their budget, or for any other reason. Luckily for them, the online gambling industry is rich in high-quality casinos that offer reliable and safe payment alternatives to bank transfers, such as PayPal deposits at online casinos. Here are some of the best ones:

• PayPal
• Neteller
• Skrill
• Visa

Each of the above-listed payment methods can be found at any reputable UK online casino, and they all have their own benefits and drawbacks. For example, e-wallets like PayPal Neteller and Skrill offer extremely fast transaction times with little to no fees. On the other hand, Visa offers very large transaction limits, with slightly slower transaction times. We encourage players to read our other payment method reviews, so they can make an informed decision on which payment method suits them the best.

Why play at a UK Bank Transfer Casino?

There are many reasons why casino players should consider using bank transfer payment methods for all their casino banking needs. To this day, bank transfers are probably the safest way for players to conduct financial business with online casinos. The list of benefits outweighs the list of drawbacks, making this payment method one of the best in the industry. Of course, in a world where everything is constantly moving fast, the relatively slow bank transfers can fall behind some of the more time-efficient payment options. However, for players who appreciate the trustworthiness, security and ease of use bank transfers offer, this payment method should be the number one banking choice.

Bank Transfer Online Casino FAQs