Online casinos offer a wide range of payment methods so that players can access their funds quickly and conveniently. But sometimes the choice can be overwhelming due to unfamiliar apps and complicated processes. If this sounds familiar, why not opt for a tried-and-tested, reliable method by signing up to a casino that accepts bank transfers?
Casinos offering instant bank transfers provide the latest banking technology in a familiar and convenient format. Players can transfer funds directly from their account and receive their withdrawals.
Over 90% of licensed bank transfer casino non gamstop. But do they offer any advantages over other payment methods? Here’s what you need to know about bank transfers for casinos and online gambling.
What is a casino that accepts bank transfers?
Of the many payment methods available at casinos, bank transfers are likely to be the most familiar to many players. Bank transfers allow players to transfer funds directly from their bank account to their casino account. Bank transfers may appear as gambling transactions on your bank statements – always check your bank’s policy.
Not all bank transfers are the same, as it depends on where the money is being sent from. International bank transfers are often referred to as bank transfers, and they may take a little longer to go through. Payments from a local bank are usually called instant payments and, as the name suggests, the money appears in your casino account straight away.
How instant bank transfers work
Fast bank transfers at online casinos have become possible thanks to the concept of open banking, which began to be actively implemented in Europe following the introduction of the Second Payment Services Directive (PSD2). The idea is simple — to create a standardised system that will enable banks and financial institutions to exchange customer data securely and instantly (only with your consent). This, in turn, has paved the way for direct bank-to-bank transfers from account to account without the need for traditional cards.
Modern payment providers utilise open banking technologies and integrate them with the SEPA Instant system (or local fast-settlement systems), which is the gold standard for transactions within the European Economic Area. This integration acts as a payment channel that directly links your personal account to the online casino’s bank account. Traditional transactions via Visa and Mastercard have their own payment systems, but these are often slower than modern instant banking gateways.
It is worth noting that you will not usually see the names of specific payment providers at the casino’s checkout. Instead, operators offer customers familiar icons: ‘Instant Bank Transfer’, ‘Fast Bank Transfer’, ‘Instant Bank Transfer’ or the logos of well-known European payment aggregators (such as Trustly or Nuvei).
This is because the online casino uses these providers’ technological solutions to enable you to confirm your payment via your usual banking app, with funds being credited to your gaming balance or withdrawn within a matter of minutes.
