How bank transfer works in casinos

A bank transfer it is now available in most online casinos. It is an affordable and practical form of payment, but to make it faster and during your online betting , it is important to have access to your online banking account – online banking , as they say. To do this, simply log in to your bank's website and register a password for your online transactions.

Most New Zealand banks allow international electronic transactions, but it's always good to check with your manager before making your first casino deposit, for one simple reason: the fees charged can be high. Because these are international transactions, your bank will surely charge fees to send and receive money from your account, not counting conversions to foreign currencies. Unfortunately, there is no way around this rule, since all online casinos are foreign. There are no New Zealand casinos as gambling has not yet been legalised here. If you want to know more about the subject of betting legality in our country, you can access our introductory guide on online casinos in New Zealand .

Although the fees are inescapable, and sometimes very high, those who do not have any of the alternative payment methods can opt for bank transfer and be quite satisfied. For high rollers, it can even become the best option, since it includes quite high deposit and withdrawal limits .

It is worth noting that it is possible for a New Zealand bank to restrict all operations made to betting sites. However, this is usually an exception rather than the rule. In case you can carry out transactions in a simple way, such as from your mobile phone or directly from your computer, all the necessary information (Bank and account data and numbers) will be arranged on the website you are using.

It is possible that casinos also use a transfer operator such as Trustly or SafetyPay. Platforms like these allow you to make bank transfers faster by acting as an intermediary between your bank and the casino.

An electronic transfer is, as we mentioned, the sending of money from one bank account to another. As we are talking specifically about online casino deposits, you would be transacting an amount from your New Zealand bank account to the company's foreign account. In the same way, you will be able to receive amounts in your account when it is time to withdraw your profits.

In New Zealand, wire transfers are commonly used as online payment methods or as a way to transfer money to an acquaintance. Transfers between accounts of the same bank are usually more easily carried out and take less time to “arrive” in the recipient's account. Transfers between different or international banks take longer to be authorized, since they involve the security protocols of the two institutions.

A bank transfer it is, in general, a secure way to transfer money online. Opting for one of the online casinos we recommend , which have passed our evaluation and which use user security measures, and using a closed internet network, you have no reason to worry about security issues.

As for availability, it is not surprising that all banks already provide the option to make transactions online. To ensure user safety, each bank will put in place different verification processes before effectively confirming the transaction. Familiarizing yourself with your bank's security regulations can help a lot if you are doing this type of operation for the first time.

The step-by-step for making transactions also varies from bank to bank. In this sense, we recommend looking at the bank's website for the guidelines for making an international bank transfer. There, the main information should be available and also the amount of fees that will be charged for each operation.

At the time of deposit, some information from your account and Casino account will be required to perform the wire transfer. The data of the casino will be informed on the deposits page itself. You will need information such as:

• International account codes, such as IBAN or SWIFT, or both.
• Name and address of the bank or company responsible for the website.

You will then need to provide the casino with your account details and some personal details to confirm the transaction. Further down, still in this guide, we explain the step by step to make deposits and withdrawals through bank transfer.

Like everything in life, the transfers used for payments at casinos and betting sites have some advantages and some disadvantages. Some items on these lists may weigh more for certain people, and for others not so much. In this sense, it is your job to determine if this method works for you.

To learn more about alternative payment options, visit our guides on boleto bancário, Visa, and Astropay.

ADVANTAGE

• Transferring is a convenient alternative for many people, especially for players who have access to their own account online.
• After you make the first transfers, you will see that the process is fast, safe and practical.
• A bank transfer it is a safe method due to the security protocols implemented by banks .
• Generally, deposit and withdrawal limits are higher than the other payment methods.
• In case any problem occurs with your payment, you can contact your bank directly to resolve it.
• Bank transfer is widely accepted in casinos for both deposits and withdrawals.

DISADVANTAGE

• The services of bank transfer they always charge fees , which can be high and negatively impact your betting experience.
• In addition to the fees charged by your bank, the sites themselves may also place fees on top of transactions, especially on withdrawals made through this method.
• You need to have access to your bank account online to be able to make electronic transactions.
• The average processing time for international transactions varies enormously, ranging from just a few hours to a few business days.
• In some New Zealand banks, you may have to contact customer service to be able to carry out an international operation.