Casinos Where You Can Use Bank Transfer For Payments
The oldest and most common way to transfer your money is of course a bank transfer, which is also one of the most popular payment methods even today, when we have e-wallets and credit cards. It’s called bank transfer because the funds are actually transferring from the sender bank to the person who receive it (his bank account)
An average person thinks of bank transfer in terms of history as of our ancestors walking with money in hands, with some old roman coins, for example, from one place to another, and nowadays we call this “places” our banks. But that’s not actually true, because IV century was the starting point of wat we call today the banking system – money transaction started to obtain more bookkeeping format, when some person wanted to transfer its funds, its money, there was some books of financial records, where you could write down some amount in one book (kind of modern bank account) and delete this exact amount from your previous book respectively.That’s how you could make a transaction. Show more
Bank transfer history
Being very simple and at the same time really effective, such way of payments haven’t changed through all the centuries – even now if you would like to send some amount of money to your relatives, friends or, for example, your freelance employee, you order your bank to make a transaction to the bank of the recipient of the payment.
The things have changed significantly with the beginning of technological development in XIX century – the telegraph had been invented. Next were our phones and faxes. Now regular money transfers were possible even from one end of the world to another in just a few moments.
In late XIX century the revolutionary money transfer company WU (Western Union) created a breakthrough in the industry by transferring first electronic (by the help of “the wire”, telegraphically) money from one bank customer to another.
From then on more and more companies and banks were using this wire transfer novelty. But in the era of information, today when we have such tremendous means to transfer money as computers and internet, anyone can conveniently do it right from the sofa, one second, and your money are in any point of the world you need them to be.
Bank transfer summary
Technically the Bank Transfer means that you have to fill a lot of data, because such financial operation must be safe and secured, you don’t want your money to de sent to someone else by mistakenly entering one wrong digit. If you’re going to use this payment method, you need to know the number of your own bank account as well as the destination of the transfer – the account number of the person who will receive it. Also you must state your own name and the name of the recipient, your and his addresses, and a very important information about the banks involved in the operation – codes for the transactions, lice unique BIC or IBAN code to make transaction fast, like with ZIP codes for mail.
Such data needs for bank to process the payment properly, and surely this data must be verified by bank workers to eliminate any mistakes possible. Once the bank that sends money will finish the verification process it will make a request to the bank that will receive it for the verification information from the other side of operation. And only when both banks will verification the data, the wire transfer will occur.
The Bank Transfer is not amongst the fastest payment methods possible – with all mentioned before, time for data processing etc., since the transaction is non-automatic and requires bank workers, you will have to wait about three or five days to get it done. Actually, the transfer can be proceeded a lot faster, depending on the bank you’re dealing with and on the other hand, there are banks that work slower, so the payee have to wait up to eight days. And be aware that if the sender of the money will make any mistake while entering the billing and personal information, the time to find out and re-transferring money can vary from 3 weeks up to month.
But a lot of bank transfers are proceeded online, you don’t have to go to bank, and just use the online banking services. You can use one of dozens modern payment services for wire online banking e-payments like Giro or Trustly. The transactions there are usually immediate and your banking information is highly secured.
Pros and cons of using bank transfer
Bank Transfer is quite an advantageous system to use in online casinos because of:
- It’s the safest payment method at all. High level of encryption and constant verification of data mean no fraud is possible.
- You can use wire transfer both for depositing and withdrawing in online casinos;
- Almost everyone can use bank transfer because it’s the oldest method to send money to distances, people know it’s safe and reliable.
But let’s not be misled by the advantages since bank transfer have its own minuses:
- In contrast with modern instant payment methods – online wallets and credit cards, bank transfer is very and very slow, operations are proceeded in days;
- Quite complicated registration process as well as loads of information and codes, numbers etc. needed;
- Some online casinos charge fees for bank transfer withdrawals;
Online casinos and bank transfer: how to deposit?
The process of depositing money to online casino with Bank Transfer starts just as any other payment method. Enter payments tab, choose “deposit” and “Bank Transfer” from the list. Next you’ll see a page with information about casino’s bank account.
You must copy the information you’ve been provided with and enter it on your bank’s website or bank’s office.
Usually in three or five days you will receive an e-mail confirming that your money are on the casino’s account and you can already use it.
The key part of the depositing process with Bank Transfer method is the correct information – you have to fill every detail of online casino bank account without any mistake possible because if you’ll unintentionally put “4” instead of “14” your money can be transferred to any bank account in the world but not to the casino, so be careful.
Sometimes the transfer need to be identified with a unique code, so that your bank was sure that money will be received by the casino. You actually may be asked to enter the code twice – during the creating of order for money transfer and after it’s done to get full access to your funds.
Online casinos and bank transfer: how to withdraw?
There’s almost no casinos without a Bank Transfer as a way to withdraw your winnings. Sometimes in the payments menu it can be temporary hidden and so if you’re still trying to get your money out of online casinos with Bank Transfer just write a letter to clients support and find out how to use this payment method for your account to withdraw money.
What casinos accept BANK TRANSFER?
Nowadays with all the possibilities provided by online payment methods like credit cards and e-wallets using the Bank Transfer may seem really sometimes inconvenient and pointless, but because of high security levels and because people got used to it you still can find Bank Transfer almost in every online casino. Show less
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