Author:
Matt
Last Updated:
30/09/2022
Experiences:
LV native and table games whizz
Experiences:
LV native and table games whizz
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Table of Content
- Top casinos with bank transfers
- Using a bank transfer to fund your online casino account
- How long do bank transfer deposits and payouts take?
- Verifying your account with a casino with bank transfer deposit
- The history of online casino bank transfer
- Our Top Casino Sites
- Bank transfers compared to other payment options
- The best alternatives to bank transfers
- What are the most popular payment methods?
- Current Best Bonuses
- FAQs about online casinos that take bank transfers
- Conclusion – using bank transfer online casinos
- Bank transfer casino online FAQ
Top casinos with bank transfers
BetMGM
BetMGM is our number one rated online casino in NJ, PA, MI and a number of other US states. Part of the reason behind this is that they offer at least part of their platform in more US states than any other provider – 15 at the time of writing.
FanDuel
FanDuel is a name that many of you will undoubtedly already be familiar with. Having begun life as a fantasy sports platform, FanDuel moved into the sports betting market and now offers an amazing online casino to players in certain legal US gambling states.
Borgata
Borgata is thrid on our lists thanks to their amazing games library and the consistency of their product – which is always evolving and changing for the better. Additionally, you can also claim an excellent welcome bonus when you sign up and make a deposit via bank transfer.
Using a bank transfer to fund your online casino account
With so many online payment options available today, it is difficult to decide which of them are the most suitable for your circumstances. If you are considering a casino with bank transfer, you will need to be aware of how you can complete your transactions before you set up all of your accounts. The first step to making any transaction is to determine what payment methods are provided by the online casino. This can be found in our detailed reviews right here at LVH. If the service provides your preferred method, you can simply open an account from their homepage and submit your personal details to get it up and running.
Once you have verified the account, you can look at funding it by heading to the deposit page. You will have to select the bank transfer option here and then you will be provided with the relevant account details. Use your online banking service to send the funds that you wish to deposit and the credits should be reflected on your account after a processing period.
How long do bank transfer deposits and payouts take?
Each of the payment methods that are available on the scene today will have their own processing time before your funds are available in your gambling account. With online casinos that accept PayPal you might have to wait for some verification before you can wager. Casinos that accept bank transfer will usually be able to receive your payment and verify the transaction after 2-3 days. This processing period is usually constant throughout online casino offers as both banks will have to verify the transaction before the online operator knows for sure that the funds have been deposited into their account.
If your transaction reaches the 3 day mark, our experts recommend that you contact the customer support team and query whether the cash has been reflected within their accounts. A bank transfer shouldn’t take more time than this and if it does, you might have made a mistake submitting the relevant account details.
Verifying your account with a casino with bank transfer deposit
You will become very familiar with the amount of verification that is required within the online gambling industry. These steps are taken to avoid fraud and any underage gambling. When you open your account, you will have to go through the usual identity verification and email address confirmation before you are able to make any transactions. A casino with bank transfer deposit options will also require that you have a verified account before they will process the funds that have been sent to them.
As opposed to online casinos that take AmEx, for example, you won’t have to submit your card details to fund your account. This is one major benefit of using an online casino deposit with bank transfer options. You will simply have to send a proof of payment to the online service provider and wait until the funds are available in their account before you can get into the action.
The history of online casino bank transfer
Online casinos that accept bank transfer are probably amongst the oldest on the scene today. The online payment method was the first that was provided by operators as the idea of using a credit card was off putting to many users. As people became more familiar with making transactions online, plenty of them opted for the ease of sharing credit card details to make their purchases. This option would also provide the customer with instant confirmation of their payment. That being said, there are always fraudsters looking to scavenge your details so there is a major security risk with this method.
Online casinos accepting bank transfers looked to counteract this risk by providing the traditional method of payment. It has become an industry-standard now for most operators to offer the payment option to any customers concerned about their security. Bank transfers have been around for hundreds of years and it doesn’t seem like the payment option is going to be phased out anytime soon. Most customers complete bank transfers daily and they are a crucial means of payment for any banking service available. If you’re interested in alternatives, you can always browse through our cash app casino online page.
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Bank transfers compared to other payment options
There are plenty of payment options that are made available to customers and it is important to know what is out there before you decide to commit to one of the methods. The largest competitor of the traditional bank transfer would have to be the credit card service that has become available. This will allow you to send funds from your account with an instant processing time but you lack the security that a bank transfer provides. There are also a number of Venmo online casinos which will allow you to fund your account using an online ewallet service similar to PayPal. Ewallets have gained a lot of popularity over the last decade as transactions are made easier for customers.
Besides credit cards and ewallets, you might also find a number of casinos who will provide access to alternative payment methods like Play+ or you may even be able to make a payment in-person at a casino cage or PayNearMe retail outlet.
Bank Transfer: Pros & Cons
- Widely accepted
- Requires no extra account to be opened
- High level of security
- User friendly payment process
- Slower deposits and withdrawals that other payment methods
The best alternatives to bank transfers
- Credit/debit cards offer users a quicker way to fund your online betting account using your bank directly. The majority of US online casinos accept Visa and Mastercard credit/debit cards, while other will also accept Amex or Discover cards. FanDuel is currently accepting deposits from a number of credit card brands.
- VIP Preferred is an e-check service that allows you to transfer money quick, safely and easily from your bank account to the online casino. The majority of US online casinos accept VIP preferred payments, including BetMGM and other giant brands.
- PayPal and other e-wallets allow you to make deposits and withdrawals quickly without having to share your details with the online casino directly. As a result, your online privacy is protected. You can find out more about this in the banking section of Borgata’s online casino.
What are the most popular payment methods?
If you have some experience with online gambling, you will most likely be familiar with the payment options that are most commonly used. There are plenty of online casinos accepting PaySafeCard and many more seem to be joining in with the concept. The most common payment method that is used by customers on a daily basis would have to be the credit card. Your credit card details will be used by the online casino to complete the transactions but thanks to the latest security methods that are available today, you won’t have to stress about anyone looking to steal the digits.
You can always use an external payment service if you are concerned about someone gaining access to your personal banking accounts. These payment services come in the form of ewallets and there are many to choose from. Make sure to browse through our relevant articles of each of them before you decide to open up your accounts.
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FAQs about online casinos that take bank transfers
To help guide you in completing your transactions with online casinos accepting bank transfer, our experts have put together this section detailing some of the most common issues related to the payment option.
Conclusion – using bank transfer online casinos
If you prefer the security of making your own bank transfer to fund your online casino account, then we hope we have provided you with all of the information you need to feel even more confident in your payment method of choice. The necessary steps to fund your account will get you on your way, and if you’re finding it’s taking a bit long to process, be sure to contact the relevant service providers. Bank transfers have been around for quite a while and for good reason. You can compare them to all of the other methods by browsing through some of our other payment articles available here at LVH.
Bank transfer casino online FAQ
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