Online Banking Casinos

Online gambling has become a favorite pastime for players of all types which resulted in an increasing demand for online games and payment methods. Today most casino operators offer a wide range of payment options with which you can deposit and withdraw money in a safe manner. Online banking or otherwise known as e-banking, Internet or web banking, is one of the reliable payment methods which are accepted in a number of casino websites.

Online Banking Summary
Available in Accepted in most countries
Website N/A
Connecting bank card/account to Online Banking N/A
Withdrawal balance from Online Banking to your bank card/account N/A
Pay to online merchants FREE
Available for deposit Yes
Available for withdrawal Yes
Usual deposit time in online casino Instant
Usual withdrawal time from online casino Varies
Live chat N/A
Telephone support N/A
E-mail support N/A

What makes online banking suitable for funding a casino account is the fact that it allows players who have a bank account in a particular financial institution to execute transactions over the Internet. This way, they can transfer funds directly from their bank account to their casino account and make deposits hassle-free. This payment method is most renowned for its reliability which is the reason why users from all over the world opt for this service on a regular basis. Furthermore, once you get used to the standard payment procedure, you will be able to fund your casino account in no time.

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Advantages & Disadvantages

Advantages and DisadvantagesOnline banking certainly offers a lot of advantages for those who wish to transfer funds between accounts with a single click of the mouse. One of the biggest benefits of this payment method is the fact that it is extremely convenient. It is possible to make a deposit to your casino account at the most appropriate moment for you and this way, organize your time better. What is more, you have the freedom to perform transactions 24/7 and depending on your availability, you can choose the best time to transfer funds.

In its essence, using online banking is pretty much the same as using your local land-based financial branch, however, without all of the hassle of traveling to it. Most of the services which are offered in the standard brick and mortar banks are available online as well. This payment method is also extremely time-efficient as funds are transferred from one account to another in short periods of time, providing that an instant banking intermediary is involved in the process. With Instant bank transfer, the transactions are arranged very quickly, especially if you transfer money within the same financial institution.

Another advantage of this payment method is that it is very reliable and secure thanks to its virtual nature. The reason why is that all online bank accounts are protected by cutting-edge security systems which give you the needed peace of mind that your financial data is in good hands. Also, when making a deposit via online banking you don’t have to provide your sensitive information such as bank account number to a third party. All of your details are exchanged only between you and the bank you are using.

Online Banking Pros Online Banking Cons
Payments via online banking services are easy to initiate Unstable Internet connection may lead to failed payments
Transactions via online banking are extremely secure Sometimes the transactions may be processed slower depending on one’s bank
Online banking transactions are processed faster
Online banking is available for both deposits and withdrawals

Using Online Banking for Gambling Transactions

Using Online Banking for Gambling TransactionsIn order to fund your casino account via online banking, you have to complete several steps which are very easy to perform. First of all, you need to open a bank account if you don’t have one. It should be noted that there are some banks which don’t have land-based branches and they operate entirely online instead. Although these web-based banks usually offer lower fees and better conditions as they don’t the same expenses as their brick and mortar counterparts, they can be sometimes less reliable and cooperative.

After that, you need to set up an online account which you will use for making deposits and withdrawing money at online casinos. For this purpose, you need to visit the website of the respective bank and simply fill out correctly the form with the needed information. It is recommended to choose a unique username and secure password which are different than your other accounts as this will add an extra layer of protection to your account.

Now, you are ready to visit the casino website of your choice and fund your account via online banking. Of course, in order to do so, the respective online casino has to offer this payment method as an available option so make sure this is the case in advance. Making a deposit via online banking is fairly easy and this is the reason why this payment solution is preferred by a number of players.

Online Banking Gambling Transactions
Supported transactions Deposits and withdrawals
Deposit pending time Instant
Withdrawal pending time Varies
Additional security Requires login

Fees for Gambling Transactions

Fees for Gambling TransactionsThe fees that apply in regards to online banking vary, depending on the type of online banking you are using as well as on the respective bank. In order to get the most accurate information, it is best to contact a customer support agent from your bank and talk this matter through. If possible, you can request an email to be sent to you with all of the fees that apply, in case that there is no such information provided on the website of the respective bank. In general, the amount of the fee that you will have to cover is unlikely to be large.

For instance, if you choose to use Giropay as a way to fund your casino account, you will have to pay a commission fee every time you transfer money which ranges between 0.60 – 1.20%. Some other fees that you will be required to cover if you opt for this payment method, are a start-up and a monthly fee of respectively €100 and €10. It should be noted that with Giropay, it is possible to only make deposits but not to withdraw money. In order to cash out your winnings, you should look for an alternative payment method.

Another type of online banking which you can also try is Nordea. This payment method has proven to be very convenient and cost-efficient since if you opt for it, you won’t be charged any fees for using its online banking service. However, bear in mind that some fees may apply for some of the other services which this company provides. For instance, there is a fee of 2% associated with currency conversion, providing that you use a Nordea card. You will be also required to pay a maintenance fee which will be deducted from your account on a monthly basis.

Online Banking Fees
Gambling deposit fee Free
Gambling withdrawal fee Varies
Bank account deposit fee N/A
Bank account withdrawal fee N/A
Credit/debit card deposit fee N/A
Credit/debit card withdrawal fee N/A
Maintenancce fee Varies

Processing Times

Processing TimesOnline banking is considered to be a fairly fast payment method which you can use to fund your casino account at a number of gambling websites. As it became clear, the fees associated with Internet banking strictly depend on two things – on the particular financial institution and the type of web banking. The same applies to the processing time that this payment method has.

In general, if you use standard online banking, the transferring of funds is more likely to take longer than if you opt for bank transfers, provided by intermediary payment companies. With standard online banking, it can take several days for your money to be transferred, however, this operation will be done in a secure manner. The processing time also depends on when you submit your request. Some banks process funds on the same day only if you have initiated a transfer till a certain hour, whereas, others don’t have any specific requirements in regards to this matter.

If you are reluctant to wait a couple of days before you see your casino account funded, you can opt for one of the instant banking options such as InstaDebit /iDebit/. This type of online banking allows you to make deposits instantly which is the reason why it is accepted by a number of web-based casino websites. The same goes for Nordea, Citadel, Trustly and iDeal as these are some other very convenient options for making a deposit since they offer instant transfer services.

Withdrawal requests typically take longer to be processed than deposits. The processing time is again strictly individual and it ranges between one to ten banking days. For instance, if you opt for iDebit, your money will be transferred within a period of 24 hours. This means that even if you choose an instant banking service, you won’t be able to withdraw your winnings as quick as you will be able to make deposits. The reason why is that, the procedure concerning withdrawals is more complicated and thus, more time is required.

Online Banking Processing times
Gambling deposit time Instant
Gambling withdrawal time Varies
Bank account deposit time N/A
Bank account withdrawal time N/A
Credit/debit card deposit time N/A
Credit/debit card withdrawal time N/A

Mobile Payments

Mobile PaymentsMore and more players are using their mobile devices for gambling as a number of reputable casinos offer user-friendly mobile websites. As a result, the demand for payment methods which are available on mobile is gradually increasing which urged many payment providers to optimize their platforms for smartphones and tablets. Today, it is possible to make deposits via your phone by using a number of online banking solutions. Some of them offer dedicated apps which you can download from Google Play Store or Apple App Store and this way, access your funds directly.

When it comes to mobile payments, Trustly is one of the online banking solutions which deserve mentioning. The reason why is that, it specializes in mobile online banking which makes it the perfect option for avid players who wish to make deposits safely on the go. Regardless of what type of mobile device you possess, you will be able to fund your casino account in no time. Many online casinos offer Trustly as an available payment method as it has everything players need in order to pay in a secure manner.

It is also possible to use other instant banking options such as POLi and Giropay and make deposits via your smartphone or tablet at any time and place you wish. Citadel Instant Banking also has a dedicated mobile version thanks to which you can arrange transactions with ease. All you need to do in order to take advantage of such a reliable payment method is to simply make sure the online casino of your choice accepts it. Bear in mind that the availability of the payment solutions the respective online casino offers also depends on the country you reside in.

Online Banking Mobile Payments
Apple pay No
Google pay No

Security at Online Casinos

Security at Online CasinosOnline banking is a highly reliable payment method which makes it suitable for gambling transactions. The reason why it is considered by many players as one of the safest options when it comes to funding a casino account is that every time you make a deposit, your money is fully protected by a number of sophisticated technologies. Of course, the security measures differ greatly from one financial institution to another as each bank has its own policy and procedures for protecting its customers’ data.

In most cases, an advanced 128-bit or 256-bit SSL encryption is involved in the transaction process as this technology has proven to be the best in terms of security and reliability. It is considered practically unbreakable as it has a 128-bit or 256-bit key which makes it impossible for even the most powerful computers to figure it out. This complicated technology is used to encrypt and decrypt all files and data you send to your bank and this way prevent them from getting stolen or used without your permission.

All of the personal information you submit over the Internet via online banking is kept private and it is protected by various security systems and firewalls. If you opt for this payment method, you can rest assured that your financial details and funds are processed according to the highest protection standards. Many players choose to make a deposit via online banking as it gives them the chance to transfer money from their bank account to their casino account in a secure manner. Furthermore, bear in mind that most websites that offer instant bank transfers are supervised by financial authorities which monitor their activity on a regular basis in order to make sure they comply with all of the established rules.

Online Banking Security
Passcode Depends on the service
Fingerprint No
FaceID No
Two-factor authentication Yes
Trusted devices No
IP Restrictions No

Online Banking Casino FAQ

What is online banking?

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Which are the most popular payment operators that offer instant bank transfers?

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Is it possible to monitor the transactions in progress?