The bank transfer may not be the fastest method to transfer money and may seem a bit old-fashioned. However, it is still used to deposit money into a player’s account. That’s because transferring money with a bank transfer also offers some advantages. For example, it is one of the safest ways to transfer money when you play at an online casino without GamStop. If you want to know more about how depositing money at an online casino with a bank transfer works and what the pros and cons are, read on.
What is a Bank Transfer?
A bank transfer is one of the oldest ways to transfer money from one bank account to another. In the past, you had to use transfer forms from your bank to transfer money to another account.
Nowadays almost everyone in Europe uses the Internet for banking, so it is common to use an Internet banking environment to transfer money. In other countries, it is more common to pay with a credit card at a non-GamStop casino.
What Are the Advantages of Non GamStop Casinos?
If you want to use the most secure way to transfer money to a non-GamStop casino, a bank transfer is the best choice. This method of depositing money has been used for decades and is therefore the most proven method. Moreover, you probably already have a bank account and an online banking environment. So you don’t have to take out an extra service or create an account for it.
With a bank transfer, you are also most protected against fraud, because you always have to verify your bank account at a non-GamStop casino first. The bank uses encryption methods to secure your transaction and also checks all transactions. The bank will contact you if they discover any fraudulent activity going on. And because you do not have to engage a third party to make a payment, it also reduces the chances of errors and data leaks.
If you are not sure how to transfer money with a payment service or if you do not feel like figuring it out, it is best to opt for a bank transfer. By using a bank transfer for your transactions with an online casino, you can rest assured that your money is in good hands.
What Are the Disadvantages of Bank Transfers at Non GamStop Casinos?
The biggest and only disadvantage of using a bank transfer at a non-GamStop casino is the time it takes to process the transaction.
It often takes three to five working days before the money is in the online casino’s account. This means that you can only start playing with the money you have deposited when it has been credited to the non-GamStop casino’s account, which can of course be very annoying if you want to start playing right away. The long waiting time is the reason that many people do not choose to use a bank transfer. On the other hand, it can be nice to have a waiting period between depositing money and playing.
This way you can reserve a certain playing amount and protect yourself against the temptation to quickly deposit extra money.
At Which Non GamStop Casinos Can I Use a Bank Transfer?
There is another advantage to using a bank transfer for transactions with a non-GamStop casino. To date, we have come across very few non-GamStop casinos where it is not possible to use a bank transfer to deposit or transfer money. Although we do see that a change is taking place, it is starting to look like more and more casinos are no longer offering money transfers via bank transfer as an option.
A bank transfer details costs for the non-GamStop casinos, and they naturally prefer that customers start playing immediately.
But for payouts of winnings from online casinos, a bank transfer is still the most commonly used. This means that you will not immediately receive your winnings in your bank account, but, just like with depositing money, you will have to wait a few working days until the transaction is completed.
How Much Does It Cost to Deposit Money at an Online Casino With a Bank Transfer?
If you transfer money by bank transfer, you will have to pay transaction costs depending on the amount you transfer. Nowadays, many online casinos cover these costs so that their players don’t have to worry about them. You often have to deposit a minimum amount. Be careful if you play at an online casino located abroad.
Your bank may then charge extra costs for transferring money to a foreign bank account. Therefore, always check whether there are additional costs associated with transferring money by bank transfer before making the payment.