Bank Wire Transfer
Bank transfer is possible at many online casinos. Some casinos ask for a higher minimum deposit because the administration costs for bank transfer are higher. Please note: if you choose to pay by bank transfer, it will take a few days for your deposit to be credited to your account. Most casinos take 2 to 5 days to process your bank transfer. You can only play at the casino after your payment has been processed.
Most online casinos will allow you to make deposits and withdrawals via a wire transfer from your bank account. This can be a good method for large deposits or withdrawals, though there is sometimes a small fee.
When transferring money online, you need a bank account number and internet banking must be activated by the bank. The vast majority of people in the EU already use online banking, so this is not an obstacle. If not, it can always be requested immediately. As the Online Bank Transfer method is called, it is also the case in practice.
The principle of the method is also very common, because before the internet age it was customary to transfer the money via a paper bank transfer. The paper transfer was then processed by the bank, after which the amount was transferred to the recipient. However, the paper has now almost completely disappeared and the Internet has replaced it.
One of the advantages is that usually no transaction costs are charged. Only you usually have to deposit a minimum amount. This amount is quite high because the casino has higher costs to process your payment. Usually you have to transfer a minimum of € 20 and sometimes € 30 to be eligible for this payment method. It sometimes also happens that your bank charges costs for transferring money to a foreign bank account. Always check this before you transfer money.