Online Casino Bank Transfer for UK Gamblers
On this page, we discuss: What is a bank transfer, how to do a bank transfer in UK casinos and the different perks of this payment method. To help you get started on bank transfer payments, our experts shortlisted top wire transfer casinos in the UK and Europe. All the operators in our ‘Bank Transfer Casino list’ offer prompt payments, a wide range of casino games, generous bonuses and top security.
So, why is wire transfer still so popular amongst us Brit gamblers?
Added security
Two bank accounts are involved during wire transfers: the casino’s bank and your bank. This adds an extra layer of security to the transactions. In fact, bank transfer sites are considered some of the safest gambling platforms online.
Some financial information is also exchanged between the banks. And while this is a good thing for security, it might be a bit uncomfortable for people who prefer to play anonymously. If you choose to play without sharing your banking information, we recommend playing at top Trustly Casinos.
Bulk casino transactions
While online casinos in the UK impose low deposit limits on e-wallet deposits, many top wire transfer casino sites allow players to deposit up to £50,000+. Direct bank transfer deposits are helpful for people who prefer high-roller live casino games like VIP Blackjack, live baccarat and roulette.
Withdrawing jackpots
If you were to win a massive jackpot at a UK online casino, a direct transfer via bank would be the best way to receive your real money winnings. The low withdrawal limits on e-wallets make withdrawing jackpots in one transaction hard.
Using a bank transfer at least once in your favourite casino is smart. You never know when you will make prime-time news for winning a jackpot and then use the bank to withdraw!
How do bank transfers work in online gambling?
Bank wire transfer casinos are gambling sites or apps that allow customers to deposit or withdraw using traditional money transfers. In simple terms, there is no middleman, and you will directly transfer money from your bank account to the casino’s bank account.
Bank transfers might seem like an obvious choice, especially for older gamblers. However, recent statistics prove that casinos and younger gamblers are ditching wire transfers for e-wallets and debit cards. So far, PayPal is the only e-wallet that accepts bulk casino transactions as large as bank transfers.
So, how do you start playing at online casinos that accept bank transfers?
How to deposit via wire transfer
Go to the cashier section of your casino account. The best bank transfer online casinos have a Deposit link on the screen.
Select Bank or wire transfer as your deposit method.
Enter the deposit details and the amount you want to deposit to the casino. (You might be required to provide a reference number).
Choose your bank and confirm the transaction on your banking app.
How to withdraw at casinos via wire transfer
Log in to your casino account and go to the Cashier or Balance page.
Choose bank or wire transfer as your withdrawal method.
Enter the amount you want to withdraw.
Confirm your withdrawal.
Fees and limits of wire transfer for UK players
So, how long does a bank transfer take after you’ve requested a payout? The answer to this question depends on several things. While standard bank transfers take 3 to 5 business days, instant bank transfer payments might be done within 24 hours.
Wire transfers allow the highest deposit and withdrawal limitations at casinos. However, some banks impose some transactional limits on gambling-related payments. Contact your bank’s customer support just to be sure if there are any limits to how much of your money you can use for casino bank transfers.
Bank transfers fees
Most top casinos that accept wire transfers do not impose fees for deposits. However, there might be a small withdrawal charge, especially for transactions involving a lot of money. Fortunately, if the casino charges a fee on wire transfer deposits and withdrawals, the amount will be indicated before completing the transaction. You’ll be able to see how much is deducted and the amount you will receive.
Types of UK Wire bank transfers and their limits
Thanks to advancements in fintech, British banks can now offer multiple legal ways for UK players to transfer funds. Consequently, if you have been worried about playing at a casino with bank transfer, don’t fret! You only need to understand the perks and limitations of each transfer method.
Bank transfers via Third Parties
For many reasons, using third-party service providers for bank transfers is becoming quite popular amongst UK gamblers. For instance, when you use an open banking provider like Trustly, you can make instant casino deposits and enjoy instant withdrawals on your bank account.Furthermore, these third parties act like middlemen and don’t share your information with casinos. If you are searching for the best bank transfer casinos, pick the ones that also accept Trustly, Sofort or Zimpler.
Casino bank transfer withdrawal speed
Withdrawing your casino winnings through wire bank transfer can be slower than expected. Multiple steps are required when processing wire transfer payments, which might delay your withdrawal. In simple terms, even after the casino approves the withdrawal, it might still take several days before your bank and the casino’s bank finalise the transfer.
Tips to avoid delays during withdrawals:
Play at instant bank transfer casino sites that allow third parties
Complete your KYC verification when signing up for any casino that accepts bank transfer
Contact your bank and ask if they accept bank transfers from casinos. This will help you choose the right bank.
Security and privacy of online gambling: Is a bank transfer safe?
Yes, these payment methods are secure. Since the money is transferred between two banks, you can be sure the banking system sufficiently protects the transaction. UK banks have some of the strongest encryptions in the financial world. Therefore, your funds and financial information is well secured. Players who use an online banking account to make instant bank transfers enjoy the same security protocols. Furthermore, bank apps are built with multi-factor authentication requirements and two-step verification processes.
UK Gambling Commission and bank transfer casinos
All the bank transfer online casinos listed here are licensed by the Gambling Commission. The regulator ensures that gaming websites and apps conduct gambling activity fairly, transparently and legally. Therefore, as long as you play at UKGC-Licensed Casino, you can rest assured that the law protects your personal and financial information from misuse.
Advantages and disadvantages of using bank transfers
Bank transfers are incredibly secure, but that isn’t the only benefit of using this payment option. Here is a list of all the advantages and disadvantages of wire transfers at UK casinos.
Pros
- One of the most secure payment methods at online casinos
- Higher transactional limits than e-wallets
- Widely accepted at UK casinos
- Instant bank transfer casinos allow fast withdrawals
- It can be used with Third Parties to reduce transactional time
Cons
- Traditional bank transfers are slow
- It might attract a small fee during withdrawals
Online bonuses for using bank transfer
You will likely find an array of bonuses at any top casino that accepts bank transfers. Furthermore, using bank transfer payments comes with fewer bonus limits, as is sometimes seen with e-wallets.
Here is a summary of bonuses for playing at a casino with a bank transfer:
Deposit bonuses
These are offers given when you deposit funds to your online casino account.
No deposit bonuses
This is the favourite type of bonus amongst Brit gamblers because it does not have wagering requirements. No deposit bonus offers are uncomplicated and are usually awarded to existing players. They can come in the form of:
Extra free points to help you get into higher levels of the casino’s loyalty programs
Free entry to slot jackpot tournaments
Our experts would like to remind you always to check the terms and conditions of a bonus. That is how to know if there are wagering requirements attached and if you can withdraw any winnings you make from the bonus.
Alternatives to bank transfers
Bank transfer casino payments are not the fastest way to send or receive money from a casino. If you prefer fast payments, use alternative methods like e-wallets and open banking systems.
Below is a table with alternative payment options that you can use instead of wire transfers.
Payment Method | Deposit Time | Withdrawal Time |
---|---|---|
Visa / Master Card | Instant | 24 – 72 hours |
Trustly | Instant | Within minutes |
PayPal | Instant | 24-48 hours |
Zimpler | Instant | Within minutes or 24hrs |
Skrill | Instant | 1 to2 days |
Neteller | Instant | 1 to 2 days |
Google Pay | Instant | Not allowed |
Apple Pay | Instant | Not allowed |