There are three main methods that online casinos allow for banking transactions: credit cards, e-Wallets, and bank transfers. The third method is perhaps the most connected, as it directly links your personal bank account with an online betting site. While this method is not quite as popular as it once was, bank transfer options are available at most online casinos.
Setting up a bank wire at an online casino requires players to provide the casino with their bank’s routing number and your personal account number. After these details are confirmed by the casino, you will be able to deposit funds to the casino. Money you deposit comes directly from your bank and unfortunately does take longer than using a credit card or e-Wallet. Many transfers will take up to 5 business days to complete, killing much of the fun and excitement you will have by instantly being able to deposit at a casino.
Withdrawals are also a bit slower than using a method such as an e-Wallet or having a credit card paid by the casino. So what would be the possible appeal of using this method?
Many casinos that offer higher limits to players who directly link their bank accounts, giving you the chance to deposit much more money than through e-Wallets or credit cards, and that can come into play particularly if you are a high roller.
Of all of the options out there for depositing and withdrawing funds from an online casino, the bank transfer system is perhaps the least attractive today, especially when it is compared to methods such as credit card and e-Wallets. If you are looking to deposit in an instantaneous method and aren't a high roller, you may want to avoid using bank wires for some of the more attractive methods. Conversely though, if you aren't in a rush and want to deposit higher amounts of money the bank wire option may be the one for you.
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