Guide to Bank Transfer Casinos 2023

Bank transfers have been around since 1872. Western Union was the first to use them to deter the old west’s infamous “stagecoach robberies”. Instead of moving physical currency, funds could be transferred over a telegraph Bank.

The system is more sophisticated than today, but Bank transfers are still one of the most secure ways to move money and a preferred method for big money online and live-action gamblers. Bank transfer is one of the most common payment methods at online casinos.

Featured Casinos Accepting Bank Transfers

With many online casinos to choose from, we have ranked some of the best online casinos that accept Bank transfers according to their best features. Find the list below:

What is a Bank Transfer Casino?

Almost all live-action casinos accept Bank transfers. Most online casinos take them too. You may find the option listed at the cashier’s window as a “bank transfer” or “electronic funds transfer” (EFT). It is, by far, the most secure method to transfer funds from your bank account into your casino account and to accept payouts from the Casino when you win.

In Las Vegas and other global gambling destinations, Bank transfers can be sent in advance and used upon arrival for all expenses, including hotel room fees, meals at the casino restaurant, and gambling. It’s like sending a bag of cash to the front desk to be collected when you check-in. Online casinos work the same way, minus the food and hotel rooms.

Another appeal to Bank transfers is that they are accepted around the world. Unlike other payment methods that are limited to the countries or regions in which they are developed, Bank transfers have been used for international transfers for over a hundred years. The banks are already connected so that you can move money almost anywhere.

There is also a big number of bank transfer casinos available without a deposit.

Pros and Cons of Bank Transfer Casinos

If Bank transfers are secure and available anywhere, why doesn’t every online gambler use them? There are certainly arguments in favour of this payment method, but there are also some drawbacks. We’ve compiled a list of pros and cons for your review.

How to Make a Casino Deposit With a Bank Transfer

Bank transfers are sent using secure banking networks like SWIFT and FedBank. The depositor is not required to know the IBAN or BIC codes to facilitate those because the casino bank and your bank already have them. You will, however, need to know your bank routing and account number.

Contact your bank to make sure you have the correct numbers for those.

1. Go to the cashier window at your preferred online gambling site.
2. Choose “Bank transfer” or “EFT” as your preferred deposit method.
3. Enter your banking information.
4. Enter the amount you want to deposit.
5. Wait for confirmation.

Remember, Bank transfers don’t happen instantly. It could be several days before the money is available in your casino account. Because of this, many online gamblers will use a credit card or digital wallet to make the deposit and then rely on a Bank transfer to take their payout.

If you’re going to a live-action casino, send the Bank transfer 1-2 weeks in advance.

Bank Transfer Casinos Deposit Fee

The sending bank will charge a transfer fee that the player will be responsible for paying. The receiving bank, the casino bank for a small casino deposit, is not charged a fee and normally won’t charge the player a fee. That’s not always the case.

Some casinos charge for Bank transfer deposits because there’s a “processing period” before the player can spend the money.

How to Make a Casino Withdrawal With a Bank Transfer

Big money payouts should almost always be done by Bank transfer. Sure, you can move that money into your digital wallet or PayPal account and worry about getting it into the bank later, but a Bank transfer guarantees you receive it in five to ten business days. Once you have the bank confirmation, the money is on its way.

1. Go back to the cashier window.
2. Choose “Bank transfer payout”.
3. Enter your banking information.
4. Wait for confirmation.
5. Your money is on the way.

Bank Transfer Payout Fees

The sending bank is charged, so the Casino will likely charge you a fee for the Bank transfer. The receiving bank does not get charged a fee, so there shouldn’t be any charges on that end for you.

What’s nice about a Bank transfer is there’s not an additional step you need to take to move the money into a bank account or a fee for that step. You only pay on the casino side.

Bank Transfer Online Casinos Withdrawal Time

It’s not fast. It’s secure. That’s the main justification for using Bank transfers for online gambling. There’s also no limit on the instant casino withdrawal amount, so big money winnings are almost always requested by Bank transfer.

Several thousand dollars should be moved from bank to bank, not Casino to the digital wallet to processor. Fewer steps mean a lower security risk.

How to Setup a Bank Transfer Account

Bank transfers are available from all banks, so if you have a bank account, you can send a Bank transfer. There’s no need to take additional steps or set up a separate account to Bank money in the online Casino. The option is available at the cashier window; you only need your bank account information to take advantage of it.

Why Choose Bank Transfer Online Casinos?

Bank transfers are for high rollers, global travelers, and folks who don’t trust digital wallets or credit cards. They’re secure, guaranteed, and slow by modern technology standards. That doesn’t mean they’re not a good option. They’re just not the right option for everyone. If you’re moving big money, use Bank transfers.

Casual gamblers might want to look elsewhere.

Bank Transfer Casinos FAQs

It’s best not to compare Bank transfers to digital wallets or payment processors. Those are entirely different options because private companies have developed and managed them. Bank transfers are bank-to-bank payment options, which makes them more secure and reliable than any other payment choice for online gambling. Read below for more on this.