Bank Transfer

Bank Transfer IconA bank transfer is often listed as the default payment method for funding a bankroll on online casinos. People have been sending money like this for as long as there have been banks. It is very straight forward. Money is sent directly from one bank account to another. The fastest bank transfers are done using the central bank of a country. This transfer is often what is called a real-time gross settlement. As you might have guessed from the name, transfers made on such a system don’t have any transfer times, they make funds available immediately. Unfortunately, most online casinos don’t have connections to the central bank, and their transactions are made using smaller bank transfer systems.

The fees that you have to pay to use a bank transfer can be off-putting, but a lot of players continue to use this payment method because of the safety and familiarity, or they don’t have a credit card. Bank transfers, don’t require that you make an account anywhere or enter your details with a third-party payment service. A lot of players don’t feel comfortable entering their credit card details online, and reason that the small fees, you have to pay, are worth it for the peace of mind.

Deposits – Withdrawals – Transfer Fees – Transaction Limits

Select bank transfer in your online casino and make a note of the details they provide. You can then either go to your bank, or a bank transfer service like Western Union, or if your bank does online transfers, you can do it that way too. You give your bank the details that any of the established or newest online casinos has provided, hand over the money, and then wait a few days until it is credited to your account. You get instant deposit in most of the cases while the minimum and maximum amounts that you can deposit are defined by the corresponding online casino. Negative point is that this deposit option may charge you fees, the amount of which can go up to £50.

To withdraw with a bank transfer you do more or less the same thing, but you give the internet casino all the information that they gave you.  IBAN, SWIFT code, account number, bank address, and home address. The amount of info you need to give them depends on where you are in the world and how paranoid your government is. After a few days, up to 10 business days, the money will arrive in your account. The minimum you are allowed to withdraw is £20 and the maximum is set by the casino. Also bear in mind the potential transfer costs up to £50.

Short Facts

Company Name: Bank Transfer
Company Name in the UK: –
Slogan: –
E-mail: Bank’s e-mail
Website: Bank’s website
Supervised by: –
Transaction Time: Instant – Up to 10 business days
Min Transaction: Casino’ s minimum on deposit – £20 on withdrawal
Deposit Fee: £0 – 50
Established: 1872
Established in the UK: –
Address: Bank’s address
Phone Number: Bank’s phone number
Other Payment MethodsWestern Union, Zimpler, Trustly
Security: Proven identity, encryption, bank’s security
Currencies: All
Max Transaction: Set by bank
Withdrawal Fee: £0 – 50

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9 / 10
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8 / 10
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9.2 / 10
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If you enjoy an elegant casino environment with the highest rewards – then you have to try out Play Grand today.

Rating
9 / 10
Deposit bonus
10% cashback bonus - always!

Always 10% cashback.

Rating
8.5 / 10
Deposit bonus
200% up to £200

Online casino that targets only players of online slots from UK and Ireland. Massive bonuses and large online slot library. The Star of the UK casinos is here.

Rating
8.8 / 10
Deposit bonus
up to 200 Extra Spins

An old time classic casino that offers a great game selection that also offers live casino and sports betting. You will find all the biggest game developers and payment methods.

Rating
8.2 / 10
Deposit bonus
5 different options up to 999 Bonus Spins

An online casino where everything is about spins and offers lots of online slots form the largest developers. You will have also have the chance to pick one of the 30 payment options.

Rating
9 / 10
Deposit bonus
200% up to 50 + 20 Extra Spins

If you like adventure and rewards, then this is the new online casino for you!

Rating
8.8 / 10
Deposit bonus
100% bonus up to £50+ 30 Extra Spins

Offers an unique jackpot feature on every online regular online slot.

Rating
8.2 / 10
Deposit bonus
100% up to £25

Focuses mainly on Online Slots, but offers also some table games and scratch cards. Worth checking out the daily offers and the VIP Loyalty Program.

Rating
8.8 / 10
Deposit bonus
100% up to £50 + 50 Extra Spins

An established online casino with large game portfolio, with many live dealer games, and many great promotions and offers.

Rating
8.6 / 10
Deposit bonus
100% up to £20 + 25 Extra Spins

A sleek and stylish online casino with an enormous range of deposit and withdraw options. Large amount of developers that provide the online slots and casino games. Lets also not forget the great promotions and the VIP Loyalty Program.

Rating
8.9 / 10
Deposit bonus
100% up to £500 + 50 Bonus Spins

Grab the 100% Welcome Bonus up to €500 plus 50 Bonus Spins.

Rating
7.9 / 10
Registration bonus
£5 Free Money
Deposit bonus
100% up to £100

A desktop and mobile casino that only offers in house made online slots and casino games.

Rating
9 / 10
Deposit bonus
150% up to £300 + 30 Bonus Spins

Extra Spel Casino showcases a vividly striking website that is very intuitive. Offers a VIP Loyalty Program and and many other casino promotions.

Rating
9 / 10
Registration bonus
10 Free Spins
Deposit bonus
100% up to £100 + 30 Bonus Spins

Up to £300 plus 80 bonus spins in total.

Rating
8.2 / 10
Registration bonus
20 Free Spins
Deposit bonus
100% up to £200

A colorful online casino with a VIP Loyalty Program tailor made for High Rollers. 12 software developers contribute to the game library that consists of more than 500 titles.

Rating
8.5 / 10
Deposit bonus
200% up to £500 + 100 Bonus Spins

A casino with cool and clean design that offers valuable promotions and lots of online slots.

Rating
9 / 10
Deposit bonus
100% up to £100 + 50 Bonus Spins

A great gaming platform that offers sports betting and online casino games at the same place. Grab our exclusive bonus and enjoy the games and the live casino.

Rating
8.7 / 10
Registration bonus
20 Spins
Deposit bonus
100% up to £100 + 180 Extra Spins

New Design and New Interface from a casino that have been around for a quite some time with a traditional yet stylish online gambling environment. It is a Playtech specialist, therefore you will find casino games from only that developer. But do not worry, they have the foul range of online slots and other goodies form Playtech to entertain you.

Rating
8.5 / 10
Registration bonus
£5 Free Money
Deposit bonus
100% up to £100

At Mfortune you will find online slots that you will not find at any other casino since all the games are developed inhouse.

Rating
9 / 10
Deposit bonus
100% up to £200 + 100 Bonus Spins on any NetEnt Online Slot

Offers an enormous library of more than 1600 online slots and casino games, on top of that it offers a sports betting section. Lets not forget the large Live Dealer section.

Rating
8.9 / 10
Deposit bonus
100% up to £120

A well recognized UK casino with great bonuses and VIP rewards. This gaming place is all bout Microgaming and Evolution Gaming, therefore you will among the first to play the latest games from those developers.

Rating
8.5 / 10
Deposit bonus
200% up to £500 + 100 Bonus Spins

Playful Casino with great promotions and lots of Online Slots and Casino Games. Exceptional First Deposit Bonus and Great Promotions.

Rating
8.3 / 10
Deposit bonus
100% up to £200 + 20 Scratch Cards

An Established Scratch Card Specialist that also offers Online Slots and Casino Games the biggest developers like NetEnt and Microgaming. It even has some Live Dealer Games from Evolution Gaming.

Rating
8.7 / 10
Deposit bonus
100% up to £200

An established online casino that specializes on Playtech online slots and casino games. Great promotions and offers, lets not forget New Casinos exclusive first deposit bonus.

Rating
8.7 / 10
Deposit bonus
100% up to £200 + 150 Extra Spins

Everything on one site, Sports Betting - Online Slots - Live Dealer Games - Poker. Offers also a large number of game developers and money transfer options.

Rating
8.5 / 10
Deposit bonus
100% up to £100 + 100 Bonus Spins

A straight forward online casino with simple and easy to use interface. Focuses mainly on online slots but offers large selection, 60 plus, of live dealer games.

Rating
8.9 / 10
Deposit bonus
100% up to £150

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Rating
8.9 / 10
Registration bonus
£10 Free Money
Deposit bonus
Get £32 for every multiple of £10 up to £160

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Rating
8.8 / 10
Deposit bonus
100% up to £150

Casino Euro is a nice place to hang around and play Online Slots and Live Dealer Games. With a clear interface, cool design and lots of daily offers makes it a must visit gambling site.

Rating
9.1 / 10
Deposit bonus
100% up to £200

A cool casino with sports betting. Welcome bonus of 100% up to £200.

Rating
8.9 / 10
Deposit bonus
200% up to £200 + 200 Bonus Spins

Check out one of the oldest betting sites that have added a casino sections with lots of online slots and many live dealer tables. Lets not forget the generous bonuses and promotions.

Rating
9.1 / 10
Registration bonus
10 Free Spins
Deposit bonus
200% up to £200 + 190 Bonus Spins

One of the pioneers in online sports betting offers now casino games. Offers a pretty large game selection from the largest developers.

Rating
8.9 / 10
Registration bonus
20 Free Spins
Deposit bonus
100% up to £300 + 100 Bonus Spins

Pay a visit to the iconic and the pioneer of the online casino industry. Lots of bonuses, online slots, game developers, money transfer options and more of every thing. Lets not forget the invitation only VIP Loyalty Program.

Markets and Currencies

The online casino will make it clear what currencies they can accept. It is not the bank transfer holding them back. Most online and mobile casinos just won’t deal with all countries, because it is difficult to get all of the license or maintain a high level of customer support for everyone. A bank transfer can be used in any currency, assuming that the receiving bank can process the currency sent which they almost always can.

Bank transfers are a popular payment method all over the world, and they are used in every market. The European Union, ruled that payments within the Single Euro Payment Area must not cost more than a domestic transfer. This had led to bank transfers becoming very popular in and around Europe. In America bank transfers are very expensive. This is problematic for American casinos. It makes this payment method unjustifiable unless players are requesting large amounts of money. The average cost of a bank transfer in America is $20. Worldwide, the majority of bank transfers are processed by The Society for World Wide Interbank Financial Telecommunications (SWIFT). Swift is linked to more than 9000 financial institutions, and it operates in 209 countries and territories.

Areas of Use

Bank transfers are used all over the world to pay and receive payment for a variety of goods and services. They are not very common for point of sale applications, and you are more likely to find bank transfers when larger sums of money need to be sent. Examples are B2B transactions and sending money overseas to loved ones.

How it works

For a bank transfer to work, the banks in question must have a reciprocal arrangement with one another. When you send money, that information is communicated using a code specific to where the money is going. It is then deducted from bank A and sent to bank B. The online casino will then see this money arrive in their bank account. This is a simplified version of events, but it is more or less what happens. It can get complicated when there is no reciprocal arrangement between the banks. The two banks, will then use a third-party bank, and the third-party bank will send the money to the receiving bank. A major drawback of bank transfers is that there is nothing stopping the third-party bank from charging a fee to hold and transfer the money. If the money is passed through several reciprocal banks, the receiver can end up with a lot less than what was send.

Thumbs upAdvantages:
– You don’t need to trust an online casino with your credit card information
– Bank Transfers are one of the most secure ways to send money
– No need to sign up to any third-party payment software

Thumbs downDisadvantages:
– Fees. Bank transfers are expensive, and if your money is rerouted through a third-party bank, they can deduct fees without your say so, and the amount that arrives is less than what you sent
– Long transfer times