888Casino is part of the behemoth 888 Holdings Ltd., a company that's cornered almost every part of the online gambling market. 888Casino, in particular, is one of the top online casinos out there, and players who want to stick to using bank transfers will be well served here.
From their great software library, to their ongoing promotions and bonuses, 888Casino is a good fit for almost any player out there. And as a founding member of eCOGRA, players can be confident knowing that their banking details will always be safe with 888Casino.
How do I Make a Casino Deposit via Bank Transfer?
Making a bank transfer casino deposit is relatively simple. If you've ever made a bank transfer of any kind before, this process will be incredibly familiar to you. All you need to do is follow the steps below:
- Go to your online casino site or app of choice and log in
- Head to the "Cashier" or "Deposit" section of the casino
- Select "Bank Transfer", "Bank Wire", or "Wire Transfer" as your deposit method
- Input the amount you'd like to deposit to the casino
- The casino should now reveal their banking details to you. Copy these details.
- Open another tab in your web browser and open your online banking portal or open your bank's app and sign in
- Head to your bank's transfer page. If prompted, select the option that's closest to "Transfer to a third party"
- Input the casino's account details as they were presented to you. Make sure to avoid making any typos or other errors.
- Type in the amount you'd like to transfer. This should match the amount you specified in Step 4
- Input your unique reference number, and wait for the casino to confirm that it has received your funds.
- Some casinos may request that you provide them with the transaction ID
How to Withdraw Casino Funds via Bank Transfer
Making a casino withdrawal via bank transfer is even easier than making a deposit. Just make sure you have your banking details on hand before you get started, and you'll be done in just a minute or two. Here's our step-by-step guide:
- Log in to your casino account
- Click to the "Cashier" or "Banking" section of site or app
- Select "Withdraw"
- Enter the amount you'd like to withdraw from the casino. Make sure that the number you enter doesn't exceed your available casino balance.
- Select "Bank Transfer", "Wire Transfer", or "Bank Wire" as your withdrawal method
- Enter your account information into the available fields. You'll need information such as your IBAN (i.e. account number), your bank name, your bank's SWIFT code, and more
- Click "Withdraw" and wait for your funds to arrive.
How Long do Bank Transfers Take?
How long a bank transfer casino withdrawal takes will depend on a number of factors. It can be anywhere from the same day to up to 10 days, depending.
Firstly, every casino out there has its own withdrawal request processing procedures. Casinos are obligated to go through a number of steps due to Anti-Money-Laundering regulations. Each casino has its own processing time, taking anywhere between one and three days.
Once the casino has processed your request, the bank transfer itself with happen. The fastest bank transfers are those where both the player and the casino bank with a UK bank that supports Faster Payment Service Bank Transfers (more on that below). However, if one of the banks doesn't support Faster Payments Service Bank Transfers, the bank transfer could take 2-5 banking days.
If the casino's bank is outside the UK, this can take even longer, up to 10 banking days. Bank Transfers are rarely the quick option, which is why bank transfers have fallen out of popularity in online casinos.
Faster Payments Service Bank Transfers
Fast Bank Transfer has been around since 2008 and is available in the UK. If both the player and the casino bank with a UK bank that supports Faster Payment Service Bank Transfers, then the bank transfer will be completed within two hours. This means that UK players can get much faster deposits and withdrawals when using online casinos, though this depends entirely on whether the casino's bank supports these payments.
If you aren't sure whether your casino of choice uses a bank that supports FPS Bank Transfers, I recommend getting in touch with their customer support service and asking.
Are Bank Transfer Deposits Eligible for Bonuses?
As many players are aware, some casinos limit which payment methods can be used to make a first deposit and activate a casino welcome bonus. The e-wallets Skrill and Neteller are often names as payment methods that would preclude you from being able to activate a welcome bonus, and a small minority of casinos even specify that players need to use debit cards. With most online casinos, however, as long as you meet the minimum deposit requirement to activate the welcome bonus, you should have no problems making your first deposit by bank transfer.
One thing that players should be careful of, though, is the time limit that casinos place on wagering requirements. 30 days seems to be the standard amount of time that new players have to meet the wagering requirements and redeem their bonus funds. However, some casinos begin counting down from the day that you make the deposit, and some casinos count down from the day you open your account. If a casino does it the latter way, then you can end up wasting a lot of your bonus redemption time by just waiting for your first deposit to get processed.
Bank Transfer Fees
While many casinos won't charge you withdrawal fees, bank transfers themselves are services that banks charge for. What the exact fees are will depend on which countries the player's and the casino's banks are in, as well as the amount being transferred.
Some types of transfers are free, but it will be difficult to predict how much your fees are without doing some pretty intense research into your own bank and the casino's bank beforehand. The more practical way to find out what the fees are is to make a bank transfer deposit or withdrawal and see what the fees were.
Bank transfer fees can range anywhere between £5 and £50, but unless you're moving very large amounts of money or your casino's bank is halfway across the world, you're unlikely to get close to that higher range of bank transfer fees.
Is it Safe to Use Bank Transfers with Online Casinos?
By and large, yes, using bank transfer as a payment method is just as safe as using any other method. Even if a third party somehow got access to your bank details, the account is still yours, and no money can be removed from that account without your say-so. For someone to be able to do that, they'd need access to your internet banking login details, which is information you never need to provide to anyone you are sending money to.
Some people, understandably, still do not feel comfortable with divulging their banking details to businesses and thus use alternative payment methods. However, players should always remember that the banking details shared with an online casino cannot be used in any malicious way.
How do Bank Transfers Work?
The simplest way to describe bank transfers is that money digitally moves from one bank account to another. This can happen within the same bank (e.g. you and your casino of choice both bank with the same bank), or from one bank to another.
What this actually entails is both banks going through the anti-money-laundering procedures that they are legally required to do, and for the sending bank to provide proof to the receiving bank that the funds being sent are available in the sending account.
If you're completing a bank wire, this is actually different than a standard bank transfer. A bank transfer moves money from one account to another, while a bank wire requires the sender to physically go to a bank branch and present the bank cashier with the cash amount to be sent. Due to the nature of bank wires, players should be aware that bank wires cannot be reversed.
Using Bank Transfers at Online Casinos - Pros & Cons
No need to sign up to alternative payment services
Bank transfers can take longer than other payment methods
Withdrawals are sent directly to your bank account
Bank fees may apply in some cases
Casinos tend to have higher deposit & withdrawal limits when using bank transfer
Doesn’t prevent players from activating welcome bonuses
Alternatives to Bank Transfers
While a lot of players swear by bank transfers, some would rather use other payment methods for a number of reasons. If you think bank transfers aren't for you, then here are a number of other payment methods to make your real money deposits and withdrawals:
Chances are that if you're reading this, you probably already have a PayPal account. While not every UK casino supports PayPal transactions, many do. PayPal e-wallet payments are instant, meaning there's no waiting time other the casino's own processing time.
PayPal also gives users another layer of protection, in that there are no bank details or card details exchanged between the two parties, as well as payment insurance. PayPal is also a very choosy company when it comes to who they'll partner with, so PayPal casinos tend to be extremely trustworthy and secure.
VISA/MasterCard Debit Cards
This is probably the next closest thing to bank transfers, only payments are much quicker. If you've ever paid for anything online, then it's likely you know exactly how to make online payments using your VISA or MasterCard debit cards. All you need to do is provide your card number, your full name, the card's expiry date, and the card's security code and you're good to go.
Debit card withdrawals, however, still take a number of days to process, and in some cases can be even slower than bank transfers. The benefit of debit cards, though, is that your devices and your web browsers probably have your card information saved in them, and will auto-complete the fillable text boxes for you, turning it into a 2 or 3 click process.
Boku is a phone bill payment method, which means that all you need to do is give the casino your mobile phone number, provide them with a security code that will get SMSed to you, and the payment will either show up on your next monthly bill or be taken out of your pay-as-you-go credit balance (depending on your agreement with your mobile network service provider).
Boku is still relatively new, and isn't available on every UK casino yet. If your casino does support Boku payments, it's a quick and easy deposit method. Players should note, though, that Boku cannot be used as a withdrawal method, though.
Bank Transfer Casino FAQs
💰How do I deposit by bank transfer?
Depositing by bank transfer is easy. All you need to do is get your casino's banking details, head to your bank's online banking website or app, and transfer the funds in the same way you'd send money to anyone else. You'll, of course, need to provide some details to the online casino so they can recognise which funds in their bank account should be tied to your casino account. Take a look at our step-by-step guide
above for a full walkthrough.
💸Can I make an online casino deposit with my bank account?
Yes, the vast majority of online UK casinos accept bank transfer deposits and allow players to make bank transfer withdrawals. It's important to be aware, though, that bank transfers are generally not instant payments and can take several days to be processed. Also, many banks impose fees on bank transfers, so check with your bank before making any bank transfers.
🏦Do casinos accept Fast Bank Transfer?
This will depend entirely on what bank the casino uses. A lot of UK banks accept FPS Bank Transfers (i.e. bank transfers that are processed extremely quickly), and it's likely that your bank does too. Start by asking your own bank whether they support those type of payments, and if your bank does, then contact your casino's customer support representatives to find out whether their bank accepts FPS Bank Transfers too.