Bank Transfers

Bank Transfer

There are various types of bank transfers which players can use to make deposits at their favorite online casinos. Bank transfers are usually very convenient if it comes to paying a low fee when transferring a considerable amount of money. The three main types of bank transfers are:

Direct Bank Transfers

  • International Bank Wire Transfer deposits/withdrawals are allowed at most online casinos. This is perfect for transferring large sums, though there could be quite a small fee (e.g. according to Bank of America charges, international transfer costs $35-$45 (outgoing) and $16 (incoming)). There is a transfer time of up to 5 days.
  • Local/Fast Bank Transfer deposits are much quicker than international bank wire transfers, because of the physical location of the financial institution that the player uses. Such a transfer usually takes 3 or fewer days to clear while a standard international bank wire transfer usually clears in 5 or more days. It charges smaller fees compared to International Bank Wire transfer. For example, Bank of America charged $25 fee for sending a wire and $12 for receiving the one within the USA.

Online Bank Transfers

Online bank wire transfer is a popular method of transferring money from one bank account to another bank account, due to its simplicity and a high speed of proceeding.

  • eCheck is a popular casino deposit method particularly for Canadian players. eChecks make depositing funds simple and safe. Traditionally, it takes 3-5 days to make a transaction for eCheck user; the average eCheck fee ranges from $0,30-$1,50 per transaction.
  • InstaDebit is a quick and safe deposit method that Canadian players can use at many online casinos. InstaDebit charges $1,50 (€1,00) fee for making payment from online banking and $/€2,00 for transferring funds from iDebit balance to a bank account; withdrawal time is up to 5 days. InstaDebit is available in 25 countries (Australia, Austria, Italy, Japan, Sweden, etc.).
  • iDeal is a popular deposit method in the Netherlands. iDeal has quickly become a players’ favorite and the 140 million transactions made using this payment method in 2013 is a testament to that. iDeal annually charges €2,500 per individual certificate holder as a licensed payment institution.
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