Bank transfer may not be the most widely used payment method for casinos. In New Zealand it is not even in second or third place, but that does not mean that casinos do not offer it and that customers do not use it. Bank transfer is for most New Zealanders the only way to get money out of the casinos.
In this article, we go over both why bank transfer is used for withdrawals and what benefits you get by using the “good old” payment method for deposits.
How Bank Transfer Works
Making a bank transfer requires the player / user to follow the instructions specific to the bank or money office of his / her choice. Banks usually have different protocols to process such transfers. Note, however, that these processes are usually very simple. Normally, players do not need to do anything more than inform their bank (or selected cash office) with bank details relarted to the casino they want to play at to make a deposit into an online casino account. The player’s bank may ask for a special code to process the transfer, but this is an exception rather than a rule. Needless to say, players will be asked to enter their bank details into a casino if they choose to use bank transfer as a withdrawal method.
|Why use bank transfers at online casinos?|
|1. By this method you can transfer large sums which are in favor of high rollers at online casinos.|
|2. Some online casinos online offer better bonus offers to players using bank transfers.|
|3. It is one of the safest methods that can be used to transfer money to an online casino.|
Transfer times for Deposits via Bank Transfer
When comparing bank transfer with other options popular with online casinos, transfer time can be a problem for both logistical and practical reasons. Bank transfer transfers may take a little longer to process, but the amount of time it actually takes is ultimately in the hands of the intermediary bank itself and the chosen casino. The reality is that no matter how reliable and of the highest quality your bank is, players should allow the transfer time to take anything between three and seven weekdays. That being said, it is worth noting that bank transfers are almost always faster than traditional bank-to-bank transfers; this is because of the way banks communicate with each other when processing bank transfers and to get a better reputation, good old fashioned bureaucracy tends to act a bit like a stumbling block to get things done faster.
Card deposits, bank transfer withdrawals?
There is a big difference you come across as a New Zealand player compared to players from other countries. This is because New Zealand banks do not offer transfers directly to a card, the card is instead linked to your bank account. If you have used a digital Visa or MasterCard card you may know this. For example, if you use Entropay to deposit, you will have to order the withdrawal as Visa withdrawal, directly to the Entropay card you used. With New Zealand bank cards, on the other hand, you make the deposit via Visa or MasterCard, but the withdrawal goes via bank transfer.
Because of this, if a casino in the future asks you to order your withdrawal directly to the bank card, you can tell that it will not work, rather they may send it via bank transfer. If the casino still tries, this will delay the transfer by a couple of days, since the first attempt will not go through.
Getting customer support is certainly not a problem when it comes to bank transfers. Ultimately, because this payment method is implemented through your local bank, any assistance you may need can be obtained by contacting a representative at your local bank. The same can be said about Bank transfers done through a money office; If you need help, all you have to do is physically ask!
Casino bonuses with bank transfer
Have you received an email with a good deal that lasts the day or maybe over the weekend? In some cases, bank transfer may prove to be an obstacle to receiving time-limited bonuses. Since bank transfers usually take a few days, an offer can be over before the transfer is actually completed. In most cases, the casino will correct this and allow you to take advantage of the offer even if it is over, but you may want to contact the casino’s customer service in advance to double check that you can avail the offer even if the money comes in couple of days later.
Benefits of using Bank Transfer
There are three primary benefits of using Bank Transfer as a payment option; These are security, availability and transfer volume. Bank transfer is extremely secure because there is no third party involved; Transfers are made between the casino and your chosen bank. In addition, banks utilize the highest quality security and encryption technologies. Due to its popularity, accessibility issues are non-existent as all major casinos tend to find that they have to accommodate this method. Bank transfer is also used in most countries in the world. Finally, Bank Transfer is a method that is specifically suited to big players, as players who deposit large sums of money typically avoid high transfer fees by using this payment method. The underlying beauty of Bank Transfer Online Casinos is ultimately the fact that the transfer of funds takes place exclusively between two bank accounts, which means that the vital privacy of the transmitters and recipients remains protected. Due to the fact that SWIFT number codes need to be entered for both parties to receive payments, more privacy and security has been added for this form of money transfer than almost anyone else out there.
Disadvantages of Bank Transfer to Online Casinos
There are two important disadvantages of sending money through Bank Transfer. Firstly, bank transfers are quite expensive in bankruptcy proceedings and direct transfers between debit cards, and secondly, bank transfers are done in real time and cannot be processed in part, so it can be impractical for companies that support periodic payments. Also, there may be some technical flaws (but the latter applies to any online banking service). Something else that people tend to complain about, but to a much lesser extent, is the physical wait time needed to make a bank transfer payment. Apart from the truth that one must definitely leave the house in order to make a transfer, which can essentially mean that one can spend excessively long travel time to reach their chosen provider, one must also take into account any queues when arriving at the destination, which due to the nature of bank transfer, it is quite normal to have to wait more than half an hour to send your own payment.
The Best Online Casinos Accepting Bank Transfer
Unlike other payment methods, Bank Transfer is accepted at most online casinos, which means the discerning, Bank Transfer-loving players will find a plethora of Bank Transfer Online Casinos at his or her disposal when it comes to choosing one’s iGambling home. In addition, in our ongoing effort we try to get our players the best and only the best. Our dedicated team of experienced players from CasinoSite, turned into casino experts, have done all the dirty work so you don’t have to do it and put only the best casinos on our site so you can read about and choose them. So why not take a look at all the pages in our “Supported Bank Transfer Online Casinos” list and come back to us with your choice! We can guarantee you will not be disappointed.
Bank Transfer is Best!
Unless transfer times are a major issue for you, we recommend that you properly consider Bank Transfer Online Casinos as your safe payment method. Apart from the fact that Bank transfers are as secure as they come, one cannot ignore the fact that there is a huge selection of online casinos which offers the Bank Transfer method as a banking option because of its global popularity and reach, which means players who use this method have an endless array of online businesses to choose from. In addition (and perhaps most importantly), major players will find Bank Transfer Online Casinos particularly suited to their needs due to the large amounts they can transfer through this method and the relatively low transfer fees involved when using Bank Transfers for large transfers. Then give Bank Transfer a chance; It is a safe, highly accessible that has remained just as popular as anything else.