In recent years, online banking or Internet banking and e-banking (other names by which it is known), has become a preferred payment method for millions of customers because it offers reliability, security and convenience. Users can easily transfer money from their computer or mobile device as long as they sign up for the online banking services that their banking institutions offer. This payment system also allows users to monitor all transactions on their balance and get a clear idea of their finances over time.
Best Casinos in India with Online Banking
The online banking system has gained popularity as a reliable and convenient payment method in many established web-based casinos. Players can load the funds into the casino balances using the online banking functions of the bank where they have an account. Alternatively, they can choose to use a third party online payment service provider.
In addition to being the safest online payment method, online banking is relatively fast, with processing times depending on the particular bank and its practices.
Online Banking Casinos banking works just like traditional branches, but everything happens on the Internet, instead of in the real world, where you need to physically go to the banking office. To be able to use your bank’s online banking services, users must first register for this service in a physical or online office.
Once the active online banking account is opened, customers are free to make financial transactions at anytime and anywhere in the world. Transfers are real-time and incredibly secure as banks today use some of the best online security technologies and tools.
HOW TO USE ONLINE BANKING ON AN ONLINE CASINO
Online Banking Casinos Deposit
Making deposits through online banking in web casinos is fast, easy and widely spread among players who do not have credit cards or do not want to use them for gambling. All they have to do is go to the Cashier page of the casino site and opt for Online Banking from the list of payment options. When they choose their favourite bank, they will be redirected to their bank’s website or the alternative online banking option they use.
Here they will need to access their account, for example, by entering their user ID, password or any other verification method that the bank uses, such as a double factor authentication token. Then, they only have to enter a certain amount of money and confirm the transaction.
Online banking deposits are usually free of charge and are processed within a few hours, or even immediately if you choose an instant bank transfer.
Withdraw the Winnings through Online Banking
You can withdraw funds from your game account to your checking account, but it usually takes longer than deposits. The procedure is basically the same as when making a deposit, so there should be no problems for most players.
Processing times vary depending on the different banks and casinos, while some financial institutions may even refuse the transfer because of the rules against gambling activity. So, before opting for online banking for withdrawals from your casino balance, check your bank’s policy as well as state regulations regarding online gambling.
Generally, casinos do not charge fees for withdrawals, but some banks charge fees for electronic transfers.
ADVANTAGES OF USING ONLINE BANKING FOR ONLINE CASINO
The biggest advantage of online banking is that it is widely available and accepted by almost all renowned casinos on the Internet. Deposits are fast or immediate if made via instant bank transfer, as well as completely secure. Online banking is also a cheaper option, especially when compared to some popular e-wallets, which are just as convenient, but charge high fees for each transfer.
BENEFITS WHEN USING ONLINE BANKING
Online Banking is one of the safest payment methods available to gambling enthusiasts, because most immediate bank transfer providers protect their websites with a combination of security measures. Transactions are encrypted with SSL or TLS protocols, as well as authentication via password, user ID, security codes and many others. All personal and banking information remains protected and private, so players should not worry about fraud, identity theft, etc..
HOW TO SET UP ACCOUNT WITH ONLINE BANKING
Generally, users receive a customer number/customer ID and a password from the bank. Then, they can create an account on the bank’s website using these credentials. Depending on the financial institution, one or two security and verification measures may be required.
However, many Internet merchants and gaming providers have not integrated online banking as a payment method into their websites. Therefore, a good alternative for online casino players is the use of third parties, who act as intermediaries between the bank and the casinos.
Creating an online banking account is easy and free of charge. The service offers users a safe, fast and flexible way to use their bank accounts to pay their bills, make purchases or finance their online casino balances.
ONLINE BANKING FREQUENTLY ASKED QUESTIONS
If you are interested in online gambling but are concerned about deposits and withdrawals to and from casinos, clear your mind of all worries because you can count on the guidance of our experts! Take a look at our comprehensive payment section to find the one that best suits your needs. If you just want to have a general overview, please continue reading this article.
Making a deposit in an online casino is as easy as drinking a glass of water. Nowadays, if you are using the correct payment method, you can make a deposit in the blink of an eye. All you need to do is select the amount of money you wish to transfer and enter the required data: in no time you will be able to dedicate yourself to your favourite game!
The range of options available, all easy and fast, is very wide indeed. Basically, these include debit and credit cards, electronic wallets and offline payment methods.
As for the withdrawal options from your gaming account, the choice available tends to vary from casino to casino. However, most of the time you will find a narrower range of withdrawal options than deposit options. Before proceeding with the withdrawal operation, we recommend that you take some time to choose the method of transferring money from the online casino to your account.