Bank Transfers: The High Roller’s Choice for Online Gaming Transactions

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Bank transfer services allow you to transfer funds directly from your bank account to the online casino’s you wish to deposit your funds. It is one of the earliest modes of depositing and cashing out that were first used in online casinos and until now, many casinos are still accepting it. For a fact, there’s no Australian online casino that doesn’t accept transactions via direct wire transfers.

While many Aussies who still rely on Bank Transfer to carry out financial transactions for online gaming, there are some who are still skeptical about the use of this payment option. If you are among the gamers who aren’t sure about this option, you should know that it’s one of the best choices especially if you are a high roller who likes to go big on your wagers. To give you more insight about why you should switch to using wire transfers when gaming online, read our exclusive take, and you’ll be in the know.

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How to Activate Your Bank Account

You can either fill in forms with your personal details online or visit the physical banking facility of your bank of choice to complete the process of account creation and activation. Unlike other payment options, this process is typically a little longer and more elaborate for security purposes.

How to Deposit and Withdraw Using Skrill At Canadian Casinos

To deposit via bank transfers, just follow the procedure below;

  1. Once you have logged in to the casino of your choice, head over to the cashier and click ‘Deposit.’

  2. After that, choose bank transfer as your deposit option

  3. Then you will be prompted to enter your bank account details

  4. A pop up will appear requesting you to enter the amount you wish to deposit

  5. Then click ‘Confirm’ Button to confirm your transaction

Every deposit you make will be instant, and when it comes to limits, it will depend on the casino where you are playing. Withdrawals, on the other hand, will take up to 7 business days for processing to be completed. You must also note that bank transfers typically come with hefty fees, especially for withdrawals. The house may either charge a percentage fee per withdrawal or a fixed fee that could even be over $100.

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Security Measures

A bank transaction is the safest way to transfer funds because they are heavily encrypted by 128-bit SSL encryption to protect the transaction records from being tapped into. The other reason is, bank transactions are always ‘air-gapped’ meaning that they are disconnected from the typical internet. They have their own Wide Area Networks where transactions are carried out ensuring complete safety.

Pros and Cons

Some of the pros and cons of using bank transfer consist of;

  • Instant deposits

  • Are exceptionally safe and secure

  • Highest transactional limits among all payment options

  • Accepted in all the best casinos in Australia

  • You can link your account with other payment options such as cards and online wallets

  • Associated fees could be quite steep

  • Not anonymous: You have to provide your information to carry out any transaction