The online gambling industry has flourished rapidly over the last few years. Today, there are many online casinos that you can choose to play at. The options for making payments online have also increased multi-fold. Click2Pay, PayPal and Neteller are a few of the popular modes of online payments offered by casinos. The good old direct bank transfer is also preferred by quite a few gamblers. The convenience and ease it offers is appreciated by many. But that doesn’t mean that it is free of flaws. Sometimes, high charges are associated with direct bank transfers that can discourage players. Here is a look at how a direct bank transfer works, and what are its advantages and disadvantages.

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How to make casino deposit with Direct Bank Transfer

Direct bank transfer is essentially a method that allows you to pay the merchant directly from your bank account. This method of transferring money has become quite popular as it saves a lot of time and effort. Apart from conserving time the method is also very useful as it provides a great deal of security while transferring large sums of money. It also enables you to operate your account and manage transactions irrespective of your location.

When you register at an online casino site, you are given your own casino bank account. You cannot use this account for any other purpose apart from playing at the casino, but even then, it holds your cash. So by simply using a wire transfer, you can move money from your bank to the casino account.

Online Casinos Accepting Direct Bank Transfer

You have to consult with your local bank and talk to a bank teller about wanting to transfer your funds to an online casino account. You should also enquire whether the bank offers internet banking services or not, as it saves a lot of time and effort. You will be required to fill out information regarding your account, as well as your casino account, and the amount of money that you wish to transfer. Many banking institutions do not support transactions that are linked to gambling setups. If such is the case with your bank then you will need to figure out some other mode of transaction.

There are certain charges associated with direct bank transfer as well. You may be charged a fixed amount for transferring or receiving money, which is usually anywhere from $10 to $30. In some cases the amount charged varies in accordance with the amount of money that is being transferred.

The drawback with direct bank transfers is that only a small number of casinos allow this service. Due to the strict laws imposed on gambling sites in the US, this service cannot be used by players form the country. In addition, it can sometimes be a very slow process with a long transaction time compared to some other services. In spite of these drawbacks, some very reputed casinos accept direct bank transfer, two of which are listed below: