Players can deposit and withdraw their winnings by bank transfer, the only drawback of which is that there will be some time between the request to deposit or withdraw funds and the actual crediting of the funds to the player’s account. This depends entirely on the player’s bank and usually takes 3 to 5 business days. Despite the low speed of payment processing, casino bank transfer is used in all online casinos that have a good reputation and have a high level of security, which excludes the possibility of third-party interference and the possibility of tracking your actions, since most online casinos encrypt their data. For players who want to be sure that their funds will be credited without causing them problems, bank transfer is one of the best options. Our site features the best casinos that work via bank transfer.
Players from India can also use Netbanking – an instant bank transfer to casino.
Below we will talk about how to make payments on gambling sites in India using ware transfer and instant online banking.
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How do bank transfers work?
Register in the online banking system
First, you will need to make sure that you can use online banking at your bank. Currently, when opening your bank account, your bank representative should offer assistance in creating an online profile. If you already have a bank account, but you are not yet registered in the online banking system, you can do one of the following:
Go to your bank’s website and search for netbanking services, then select the registration of an online profile, and then follow the instructions provided by the system. For the final verification of your profile, you can contact a bank customer service representative by phone, or visit your local bank branch. Go to your local bank branch and ask for help setting up your online profile.
If you are not sure about anything, call your bank’s support representative, and someone from the support team will tell you what to do.
Enter the recipient’s details
Before making a transaction, the bank details of the respective beneficiary must be entered in your payment profile, along with the bank’s SWIFT code if it is located outside your country. Once this is done, the payment can be made.
Payment is made as follows:
The recipient sends the payment order to the bank by clicking the “PAYMENT” button in his profile. Then the IBAN and BIC codes are automatically generated, and this information is transmitted to the bank so that they know which bank must pay.
The sending bank sends the request to the receiving bank through a secure system (SWIFT or Fedwire), so that it makes the payment on behalf of its client in accordance with the instructions.
Commissions for using bank transfer in casino online
Banks usually charge a fee for the transfer service from both the sender and the recipient. The sending bank will charge the service fee separately from the funds transferred, while the receiving bank will deduct its fees from the funds received.
IMPORTANT! Be sure to check what processing fees will be charged to you before completing a bank transfer, as these services can involve large transaction fees. The fees charged differ depending on the bank and the country through which the payment passes. Fortunately, high competition among banks usually means that fees will not be extortionate.
Time of online casino bank transfer deposit and withdrawal
Using online banking on casino sites can be time consuming. After the transfer of funds, you will not be able to enjoy the game until the money is credited to the gaming account at the casino. When the funds are deposited into your gaming account, you will receive a confirmation email from the casino. It may take on average up to 3-5 days from the moment the transfer is initiated, and in some cases it may take longer.
However, you can do an instant bank transfer in casino in one of the India netbanking casinos in the table above.
How to make a bank transfer deposit in online casino
- Go to the “Banking” / “Cashier” page on the casino website and select Deposit, then Bank Transfer. As a rule, you will be redirected to a page where you can select your country or bank from the available list.
- Choose your bank
- Log in to your online banking profile
- Enter your casino payment details (be sure to use the code provided in your payment notification).
- Make a payment
- Expect 3 to 5 days to receive confirmation from the casino that the funds have been received.
- Start gambling
How to withdraw money via online banking
Most online casinos use bank transfers to enable you to cash out your winnings. As with casino top-ups, you will have to wait 3-5 days to receive funds via bank transfer.
- Go to the “Banking” / “Cashier” page on the casino website and select Withdraw
- Select bank transfer
- Select your bank from the list
- Follow the instructions
What is Netbanking and how to use it in online casino
NetBanking is an Indian electronic bank payment system established back in 2016. Thanks to this system players from India can make instant bank transfers to online casino 24/7. You can carry out four types of payments online using Netbanking:
- National Electronic Fund Transfer (NEFT)
- Real Time Gross Settlement (RTGS)
- Electronic Clearing System (ECS)
- Immediate Payment Service (IMPS)
Online casinos that target Indian players have this payment system among others. Here is the list of the most popalar banks in India that support Netbanking:
- HDFC Bank
- State Bank of India
- ICICI Bank
- Yes Bank
- Punjab National Bank
- Bank Of Baroda
- Axis Bank
- Kotak Mahindra Bank
- IndusInd Bank
- Bank of India
To start playing your favorite casino games using this payment method just follow these simple steps:
- Choose any gambling site from our NetBanking casinos in India table above
- Register at the casino
- Verify your account
- Deposit funds
- Start playing!
To make deposit in online casino using Netbanking, just go to “Cashier” / “Banking” section on the casino website, choose Deposit – Netbanking and Amount you want to pay.
For withdrawal use the same steps, but choose Withdraw instead of Deposit.
There are usually no fees associated with this payment method in online casinos.
In case of wire transfers, each account holder must verify their identity to help prevent fraudulent activities. The information contained in the parameters of online forms of non-cash bank transfers is subjected to multi-level encryption.
Bank transfers are often safer than other forms of online payment, as your sensitive data only needs to be entered once when setting up a bank profile, and there is no need to use it across multiple platforms. This minimizes the risk of information leakage.
However, transfers using SWIFT and IBAN numbers are far from free, since each intermediary bank that processes a transfer from your bank to the recipient’s bank may charge commissions without notifying the parties. In some cases, funds can go through several banks at once before they reach their destination, leading to prohibitive banking fees. The European Union offers partial protection against such cases, but cannot completely eliminate costs.
Advantages of using bank transfer in online casino
Certain banks may strongly recommend that you make online payments instead of cash, and for good reason, because there are a number of advantages of using this payment method, for example:
- High level of protection thanks to multiple encryption.
- Bank transfers can be used to both send and receive payments, which means less confusion for the customer.
- People are increasingly trusting banks and are increasingly using bank transfers. Since electronic money transfer is used by most modern families on a monthly, if not weekly basis, a strong bond of trust is established. The ability to use a proven payment method at your favorite online casino will give you more peace of mind.
The bank transfer is processed from your personal bank account, so it makes sense that if you have any questions or problems, you should contact your bank’s support team for help. The support team has the ability to review each step of the transaction process. If in the process of transferring funds to the recipient there are some problems, you may need to consult the online casino customer support service.
When transferring funds to an online casino in your country, instead of a bank transfer, a simple electronic money transfer can be carried out, which is traditionally used for transfers abroad and for which a SWIFT code is required. Most banking institutions offer easy-to-use banking applications that can be downloaded to your smartphone.
If you do not have an online banking application, be sure to download it from the Android Play Store (for Android smartphones) or from the Apple i-Store (for IPhone). Download your bank’s app and log in using your online banking login details. After registration is complete, you should receive an email or SMS as confirmation.
In a world where everything is developing at a rapid pace, there is a growing need for fast and effective ways of doing both small and large businesses. Internet payments to different merchants, including casino via online banking are gaining more and more popularity, so every modern bank offers its clients money transfer services.
Meanwhile, don’t forget that the speed of withdrawal also matters. For this, check out the best payout casino sites in India.
Don’t forget to check the list of online casinos in India that accept UPI payments.