Bank Transfers

A common method for making deposits and withdrawals at an online casino is a bank transfer. There are several different specific types of transfers, and they’re handled in different ways for different casinos. While the main advantage is that everyone generally has a bank account, there are some potential disadvantages in terms of fees and whether casinos will let you make deposits with this method. We’re going to break down everything you need to know about using this payment option here so that you know exactly what you’re getting yourself into with it.

How to Make Bank Transfer Payments

The process of using a bank transfer is pretty straight-forward. There are two numbers you usually need to know: your routing number and your account number. Sometimes you might also need to know your bank’s Swift code if you’re using a wire option. The basic idea is that you put these numbers in and the bank can use them to deposit into your account when you process a cash out. You can also authorize charges to this account, but that’s something that many online casinos don’t allow as a deposit option.

There are three basic types of bank transfers. The first is an ACH (or direct bank transfer), which is also the most common. The second is an electronic check, which is essentially another name for an ACH that’s easier for people to understand and relate to since basically everyone has seen a check written for something. Third is a bank wire, and that method is actually a bit different than the ACH/direct bank transfer option.

Fees and Charges

Different online casinos have different fee schedules for this option. Some will charge a flat fee, and others will charge a small percentage. You need to know what your fee schedule is before you use this option so that you know if it’s a viable choice. Some sites have a level of fees that’s so high that it will eat up 25 percent or more of your total withdrawal or deposit if you aren’t careful.

The range of fees are so wide that it’s hard to make a general recommendation here. The only recommendation that we can make is that you check out the fee schedule of any site you’re planning to play with before you deposit if you want to use a bank transfer option.

The Bank Wire Difference

Bank wires are a bit different, and they’re primarily reserved for high stakes transactions. The fees for these are often higher because the banks also charge fees for processing large amounts of money with the bank wire system, and you’ll also need to know your bank’s Swift code to be able to use it. However, it’s probably the single most-reliable way of transporting a lot of money from one account to another. This is especially true when cashing out a really large win because there are such relatively low transaction limits for other methods like credit cards and electronic wallets.


The bottom line is that bank transfers are usually offered by online casinos as a last resort option for withdrawals. The idea behind this is that someone might deposit with a credit card only to lose access to the card for some reason, and then they want players to be able to cash out if need be. Another example is if someone deposits with an electronic wallet and then that e-wallet account is closed for whatever reason. The point is that players need a reliable way to cash out in circumstances like this where their primary banking method has been taken out of the picture, and bank transfers work wonderfully for that.