Direct bank transfers
Direct bank transfers
The direct bank transfer is one of the most secure ways to get real money into your online gambling account. We’ll go through how each one works and where you can use them, so you can decide which direct banking option is best for you.
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What is a direct bank transfer?
There are a few different options which fall in the category of direct bank transfer, including wire transfers, bank cheques and online transactions via your chosen financial institution. Each of these electronic funds transfer (EFT) methods operates slightly differently in terms of fees, processing and turnaround times, while some are more readily available than others.
The best online casinos offer a myriad of deposit and withdrawal options. These include credit cards and debit cards such as Visa and MasterCard, virtual debit and credit options such as Maestro and EntroPay, e-wallets such Neteller and Skrill, and pre-paid money vouchers such as PaySafeCard (formerly UKash) and Flexepin.
While all the above options are highly secure and extremely convenient EFTs, they are effectively middle-men. Direct cash transfers, on the other hand, take the funds straight from your personal bank account to your favourite online casino without any extra agents in between.
Now, there can be a couple of downsides to this approach: there are often transaction fees involved, and payments can take a bit longer to process compared with credit cards and Web wallets. The upshot, though, is direct bank deposits are among the safest, most reliable money-moving methods available to Australian online gamblers – and that trumps everything else, if you ask us.
The most obvious way to make cash deposits from your personal account is the Direct Bank Transfer option at Fortune Lounge Group casinos such as Royal Vegas. This method can take up to five business days to go through to your casino balance.
Direct banking casino deposit methods
There are alternative direct deposit methods to traditional direct bank transfers (wire transfers), which allow you to access your funds right away. We detail all of the options we have tested and recommend to real money punters below.
Citadel Direct Instant Banking
Citadel Direct provides online casino players with a quick and easy Internet banking platform which gives you immediate access to your bankroll. It caters for numerous national currencies, including Australian dollars (AUD), the Euro (EUR), pound sterling (GBP), the Canadian dollar (CAD), the Norwegian krone (NOK) and the United States dollar (USD).
Instant Banking by Citadel Direct is accepted at several of our trusted gambling sites for Australians. It is also the recommended direct transfer method at top-ranked real money mobile casinos such as AllSlotsCasino.com.
Direct wire transactions are available at the vast majority of Internet gambling hubs, including real cash casinos, sports betting sites and online bingo halls. It is one of the most secure electronic funds transfer systems (EFTS) for playing AUD casino games on the Web, as it requires full confirmation of the account holder and all monies are guaranteed to go through.
Wire banking does cost a little more than other methods, with some operators charging upwards of $20 to process each outgoing transaction. It can also take up to 72 hours to process, whil Citadel Direct deposits go through instantly. However, we would argue it is a small price to pay for peace of mind – especially if you like high-stakes casino games and want to move large sums.
Standard Internet banking
If you’re not a high roller and can’t justify the extra fees attached to wire money transfers, you can always choose to make deposits straight through your personal online banking account. This is a much cheaper and quicker option, just as safe, and is available at all major Australian banks.
The benefit of making transactions via Internet banking is in the extremely unlikely event anything should go awry, your hard-earned cash will be protected by your financial institution’s fraud policies and you will almost certainly get your money refunded.
Also known as a cashier’s check or a bank draft, many online casino sites offer this as a withdrawal option. This is not to be confused with a personal cheque, as the funds are guaranteed by the banking institution and signed off by a cashier rather than the account holder. Think of it as the predecessor to prepaid cash vouchers such as Paysafecard, as the funds are already accounted for.
Bank cheques are rarely accepted as a deposit option, as there are much more practical and convenient methods available – such as those listed above, for instance. Also, withdrawals in cashier’s cheques must be delivered via snail mail or courier, which can take days or even weeks.
Alternative direct deposit methods
Other international banking options such as Trustly and Euteller may be available upon request, and some sites may even have such operators listed among the deposit methods. However, due to their availability, ease of use and outstanding security protocols, we highly recommend sticking to trusted deposit methods such as direct wire transfers and Citadel Direct. These, along with banking straight through your personal account, are among the quickest, cheapest and safest ways to buy real casino credits online.
For safe bank deposits, we recommend BetOnline Casino for players from United States, which has some excellent welcome bonuses available for new players along with hundreds of real money casino games to choose from, along with several other instant deposit options.