Bank transfer is one of the most common payment methods available at online casinos. The best gambling sites offer you the flexibility to transfer money into and out of your bank account safely, using any desktop or mobile device. However, completing an online casino bank transfer can involve a little more effort and processing time than some other options. Additionally, as so many online casinos accept bank transfers, finding the best bank transfer casino for you can be daunting, especially for beginners.
How do you know how to complete an online casino bank transfer for the first time? What are the pros and cons you need to consider before you make a bank transfer at casino sites? We will cover these and other essential areas in our guide to the best bank transfer casino sites for Canadian players. By the time you reach the end, you will know how to transfer money at casinos confidently and securely. But before we get started, here are the top casinos that accept bank transfers.
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Online casino bank transfers work just as they do in many other contexts: you move money from your bank account into another (and vice versa). You can complete bank transfers with online casinos fairly easily once you have your casino account set up.
You may make transfers with online casinos based in Canada or in other parts of the world, provided that they’re licensed to legally offer their gambling services to Canadians. This is where the difference between a domestic and international bank transfer comes into play.
A domestic bank transfer simply refers to moving funds from your bank account into another account associated with an individual or company based in the same country as you. An international bank transfer, though, involves moving your money to an account in a country outside Canada. This typically requires a currency exchange, which can make the process more complicated. You would need to check how much more or less a payment is worth after the currency has been converted.
Bank transfer has its own benefits and drawbacks, just like any other payment method available at online casinos. It is vital that you are aware of these before you sign up with a bank transfer casino, so we’ve listed all the pros and cons you need to know below.
The majority of online casinos accept bank transfers, due to their safety and security.
You may need to wait a few days for transfers to process at some casinos.
No deposit caps on an online casino bank transfer, in most cases. Ideal for high rollers.
Banks and/or casinos often charge transaction fees on withdrawals.
Bank transfers are generally simple to use.
You can make deposits and withdrawals with an existing account, so there is no need to start using a new payment method.
Before you can play games for real money at a bank transfer casino, you need to add funds to your account. The specific steps required to process a deposit can differ from one casino to another, but let’s explore how it works at most online casinos.
Start by setting up an account at any good online casino that appeals to you. Check out Gambling Zone’s list of the top bank transfer casino sites above to get inspired.
Navigate to the Cashier/Banking section when you’re ready to transfer funds. This should be easy to find.
Click on the “bank transfer” option (it may also be labelled “money transfer”) to get started.
Enter the amount you want to deposit, and check any fees that may be incurred for processing payments via bank transfer.
Choose your bank: you may need to type it in if a list is not provided. You might be asked to provide information for a Purpose of Reference form, too.
If you are provided with a reference ID, keep this for your records, then confirm the payment to process your deposit. You should receive a report on its success.
Withdrawing money from your casino account is similar to making a deposit. It is crucial that you know how to process a withdrawal to ensure you receive your money safely. Here are the key steps to follow when withdrawing money at most bank transfer casinos.
Sign in to your casino account.
Navigate to the Cashier/Banking section.
Choose the “withdrawal” option, usually next to “deposit”.
Enter the amount of money you want to withdraw. Check and recheck the number before you continue.
Click “withdraw” to confirm the withdrawal.
Here are the most common questions we get asked about Bank Transfer as a casino payment method in Canada.