Content:
- What is a bank transfer casino?
- Pluses and minuses of bank transfer gambling
- How to deposit and cash out using bank transfer?
- Alternative casino payment methods
- Is it worth using a bank transfer for online casino games?
Bank transfer is not the most chosen method among gamblers, and there are a few reasons for this. However, some players prefer bank transfers over e-wallets and other services because of the total safety and larger amounts in the process. This is why many high-rollers choose bank transfer online casinos despite their significant disadvantage — slow withdrawals.
These are the top bank transfer online casino sites in Australia. So if you’re looking for one, check these five first. But to be honest, many if not all gambling platforms accept bank transfers. And it isn’t a problem to find a good casino site that accepts your preferred option.
Simply put, you can check any Aussie casino review on our site and it will accept your payment option. The exception is crypto-only casinos that don’t accept fiat at all.
Speaking of cryptocurrency online casinos, if you hold some digital coins, consider checking crypto-friendly online casinos. They offer a big better service than bank transfer online casinos that work with fiat only.
Crypto casinos offer fast deposits and withdrawals, small fees, and large limits. If the transaction limit is your priority, take it into account.
What is a bank transfer casino?
A bank transfer is a basic method of transferring money from one person to another. A player can transfer money to an online casino and reverse. The invention of bank transfers has changed the industry of finances.
Today, online gambling services offer players to use an instant bank transfer or a direct bank transfer. It allows them to transfer money quickly. So if you are looking for a fast deposit method, an instant bank transfer is for you.
Besides, you can use a mobile app to transfer money online or do it on a site of your bank. Nowadays, transferring money online is very simple.
Pluses and minuses of bank transfer gambling
Bank transfer payments are convenient. And there are many reasons why certain gamblers choose it. So let’s start with the good sides:
- Both deposits and withdrawals are available. And it’s great because not every payment method can do it.
- It’s safe. There aren’t intermediary operators like e-wallets between banks and casinos. It’s a direct transfer of funds between your bank account and a casino account.
- Large deposits are available for bank transfer users. This is the difference between bank transfers and other services. Plus, the more you deposit, the more generous bonuses you’ll be given. The only payment method that can be compared is cryptocurrency.
Now, about the minuses. To be honest, there’s just one huge disadvantage we’ve mentioned earlier. Bank transfer quickly processes deposits but it’s so slow for withdrawals. It takes about 5-7 banking days to get a withdrawal. In some cases, it can take longer. For example, if you haven’t provided your ID documents for verification, you can wait for approval a few days more.
One more minus is that your bank might not support online gambling. If so, your transactions will be blocked. So before you use it for payments, make sure your bank suits it.
How to deposit and cash out using bank transfer?
There are various instant bank transfer options, and the process of deposit depends on which one you choose. But the steps are quite similar. Follow them to top up your casino balance:
- Go to the cashier section.
- Tap the list of deposit options and choose the bank transfer.
- Specify the amount of money.
- Provide the details of your bank.
- Confirm what you’ve written and finish the transaction.
Many casinos will ask you to enter a confirmation code that you receive by SMS or email. Once you confirm all the details, you get money in your casino account. And you’re free to play games you like.
Now, when it comes to withdrawals, you must keep in mind that not all instant bank transfer options support this function. You’ll be asked to use a bank wire (which is slow) or an alternative payment option to withdraw.
And the process of requesting the withdrawal is quite the same. The only difference is that you need to do it in the withdrawal section.
Mind that the condition under which you receive your winnings is the verification. You must provide your ID and verify that you are a real person. Only in this case, you will be able to withdraw using the bank transfer.
Alternative casino payment methods
If you decide to make a withdrawal using a different payment system, check out the following we recommend. Or if you’re looking for alternatives to bank transfer, also take them into consideration:
- E-wallets are the first on the list because they are fast. If you want to have your winnings faster, try e-wallets like PayPal, Skrill, Neteller, MuchBetter, Ecopayz, and others.
- Bank cards like MasterCard and Visa are also popular and safe for deposits.
- Prepaid cards don’t support withdrawals at all, but they are fine for deposits. Aren’t suitable for high-rollers, though.
Before you choose any payment system, you should check the details with the customer support service. Such things as fees, how long it takes to withdraw, limits, and so on. Each casino site in Australia has its own conditions for payment methods.
Is it worth using a bank transfer for online casino games?
There are certain benefits of using bank wire transfers for gambling online. First and most attractive is the opportunity to gamble for big money. Bank transfer online casinos allow you to deposit and withdraw big sums of money. And if you’re a high-roller, it’s a great advantage. Second, it’s the safety of bank transfer transactions. If you trust your Australian bank, use the bank transfer for your hobby.
However, if you don’t like the idea of waiting for your withdrawals for a week or so, and you don’t like the idea of using an alternative payment system for withdrawals, then it’s better to use another system from the very beginning.
All in all, you should have a few options to choose from. On our gambling portal, you can find articles about different online casino payment solutions in Australia. Check them out and find your perfect one.
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