Bank Transfer Withdraws In Online Casinos

How to Withdraw Winnings via Bank Transfer at Online Casinos

6 min

An important consideration for many players when choosing an online casino is its payment methods. Understandably so, as the range of available options determines how easily you can deposit and withdraw. Bank transfer casinos provide arguably the oldest method for making and receiving casino payments.

While not as popular amongst young players as debit cards or e-wallets, it remains a safe and viable withdrawal option for UK players. Nevertheless, not every player knows how bank transfer withdrawals work. We’ve created this detailed guide, breaking down the casino bank transfer withdrawal process.

Why Use Bank Transfer Casino Payment to Deposit and Withdraw?

Why Use Bank Transfer Casino Payment to Deposit and Withdraw

Popularly called wire transfers, online casino bank transfers are a secure means of carrying out online casino transactions. Since almost everyone already has a bank account, it saves you the time and stress of signing up for other payment methods. In the early days of online gambling, when there were fewer options for payment, most people preferred to withdraw using this method so that winnings were paid directly to their bank accounts.

However, it has become less popular amongst younger online gambling players in recent times. Here are a few reasons why bank transfers remain a great way to withdraw your funds:

Accessibility: Whether playing at a UK-based online casino or overseas, you can easily access bank payments. With banking apps now available, online casino bank transfer deposits and withdrawals are easier than ever.

Higher Withdrawal Limits: There is hardly an online casino payment method with a higher withdrawal limit than a bank transfer. This makes it ideal for high rollers in casinos who risk big for a chance at larger wins or anyone who wants to withdraw funds in large amounts.

Security: Considering the high level of encryption banks and casinos have in place, your information and transactions are secured on both ends.

How to Make Bank Transfer Withdrawal at UK Online Casinos

How to Make Bank Transfer Withdrawal at UK Online Casinos

It’s easy to deposit funds or withdraw your winnings with bank transfer. If you’re a new player and claim a welcome bonus, ensure you’ve met the wagering requirement (if any) before initiating a withdrawal. Also, if a KYC verification is required, complete it before cashing out. The withdrawal steps may differ slightly between online gambling sites, but the process should follow the steps below:

  • Sign in to your online casino account and search for banking or payments from the casino’s home page or the “My Account” section.
  • Click “Withdraw” and scroll through the available options.
  • Select bank transfer or wire transfer.
  • Type in the amount you wish to withdraw and provide your bank account details
  • Follow the on-screen instructions and complete your withdrawal.

Once you’ve passed the withdrawal request phase, you’ll need to wait for the casino to process your payment. The processing time will also differ between operators, but it should take 24 to 48 hours on average. There are no instant bank transfer withdrawals, so you’ll need to wait 3 to 5 business days to receive your funds after processing.

Most payment methods charge transaction fees, and online bank transfers are no different. However, the fees associated with bank transfers differ depending on the bank and the casino.

Processing Times and Fees

Processing Times and Fees

Once you’ve submitted your withdrawal request with the correct banking details, the casino will initiate the bank transfer process. The processing time can vary depending on the casino and the bank involved, but generally, bank transfer withdrawals take longer than other methods like e-wallets or cryptocurrencies.

It’s not uncommon for bank transfer withdrawals to take 3-5 business days or even up to 10 business days in some cases. The casino should provide an estimated processing time, but it’s always a good idea to factor in a bit of extra time for the funds to reflect in your bank account.

Additionally, some casinos may charge a small fee for bank transfer withdrawals, typically a fixed amount or a percentage of the withdrawal amount. These fees are usually clearly stated in the casino’s terms and conditions, so be sure to check for any applicable charges before requesting your withdrawal.

 Tips for Smooth Bank Transfer Withdrawals

  • Verify your account is fully approved before requesting a withdrawal
  • Check the casino’s minimum and maximum withdrawal limits for bank transfers
  • Make sure your banking details are entered correctly and match your documentation
  • Be prepared to provide additional verification documents if requested
  • Avoid making multiple withdrawal requests simultaneously to prevent delays
  • Choose a reputable online casino with a proven track record for fast payouts
  • Consider the potential processing times and factor in a buffer period
  • Check if there are any fees associated with bank transfer withdrawals
  • Monitor your withdrawal request status and reach out to support if needed
  • Ensure you have sufficient funds in your casino account to cover the withdrawal
  • Keep your banking information up-to-date in your casino account profile
  • Be patient, as bank transfer withdrawals generally take longer than other methods

How to Choose Online Casinos That Accept Bank Transfers

The sheer variety of casinos that accept bank transfers makes it challenging to find the right one in the UK. Do not worry, though, as there are factors that can help you sift through the options. This is how to choose the best bank transfer casinos 2024 for UK players.

Licensing: The UK Gambling Commission is the most reputable gambling regulatory body for online casinos serving players from the UK. Look for a license from this regulator or any other trusted one like the MGA if you’re playing at an online casino hosted overseas. The Gambling Commission ensures that every operator within its jurisdiction prioritises security and fairness. That way, you are guaranteed that games are not rigged and your information is shielded from unauthorised access.

Banking options: Signing up only to discover that an operator doesn’t support your preferred withdrawal methods wastes time. Look out for casinos that accept bank transfers for deposits and withdrawals. Some operators provide a list of payment methods at the footer of their homepage, while others let you look through the banking section before registering.

Usability: Find an online casino that you can navigate easily. Look at the overall design of the homepage to see if access to the games or payment options is seamless. You’d want to try this on the mobile casino site and desktop to get a feel for what it’s like using either platform.

Games: The casino games you love should be in the operator’s portfolio. You can easily confirm this on your first visit to any online casino. Not only is the game variety important, but you also want to consider the quality. Look for games from top software providers or popular titles. You can do this by using the search filter often provided or scanning through each gaming category.

Bonuses: Some operators have special casino bonuses for players who deposit using bank transfer. The best way to find such offers is to read reviews or search the promotions page on the casino site. These can come as free spins, deposit match offers, or a combination of both. If you find such offers, read through the terms and conditions and note the wagering requirements, validity period, and supported games.

Mihnea Mosneagu
AuthorMihnea MosneaguAuthor & Editor at CasinoAlpha

Mihnea’s communication skills make his articles easy to understand by the readers. He is a good analyst and a great strategist, which allows him to extract the most relevant information and then explain it so that everyone will easily understand the complicated terms of the casino world.

Adina Minculescu
ReviewerAdina MinculescuSenior Author & Editor at CasinoAlpha

Adina’s analytical way of thinking is what gamblers need to understand the casino market. With her expertise in this niche combined with her studies in linguistic typology and hermeneutics, you will get the essential help to make informed financial decisions. Let her be your reliable guide!