Best Bookies accepting Money Transfer

Since the emergence of iGaming avenues, players have been able to transfer money to these sites through direct bank transactions. This payment method seems to be a favorite among high rollers looking to make substantial real-money bets. It is also preferred by gamblers who value the safety of online transactions.

Gamblers can transfer money directly from their checking accounts to their preferred sports betting platform through a quick process. Just as in the payment of bills, the funds will go straight away to the betting site without the need for a credit/debit card. While the invention of online banking has opened windows of opportunity for eSport bettors, it also comes with some setbacks, such as fees and long clearance time for withdrawals.

How to Make a DepositHow to make a withdrawalSafety and securityCustomer support options
How to Make a Deposit

How to Make a Deposit

Since the funds originate from a current bank account, the issuing bank must authorize the transfer. No third parties can access this information. To transfer money directly to a betting site, the user should have the following prerequisites:

  • Bank name and branch address
  • Bank account number
  • IBAN/BIC/Swift Code for international transfers
  • E-Banking credentials

If the betting platform uses a foreign bank account, the punter may need assistance to complete the transfer. However, customer support from the bank and the gambling provider is always available should the player encounter any issue.

In addition, players can deposit funds through their smartphones when betting on a mobile platform, thanks to mobile banking. The basic steps to depositing funds via bank wire are shown below.

  1. Navigate to the cashier page of the betting site and choose ‘Deposit’
  2. Click on ‘Bank Transfer’ or ‘Wire Transfer’
  3. Fill in the amount to transfer to the betting account, bearing in mind the minimum deposit
  4. Add the banking details as requested on the site
  5. Finalize the security checks as required by the bank, e.g., SMS code or QR code
  6. Enjoy sports betting once the money reaches the gambling account

Typically, direct bank deposits take two to five working days. This is simply an electronic transfer of money from one bank account to another. It can involve local or international banks. As long as the user has an e-banking account, their financial provider will take care of the rest after a request. The minimum and maximum deposits differ according to the terms and conditions of the gambling site.

How to Make a Deposit
How to make a withdrawal

How to make a withdrawal

There are numerous payment options for online betting, but only a few facilitate both deposits and withdrawals. Many players are disappointed when they find out that their preferred banking method is not listed for cashing out winnings.

Direct bank transfers are unique because they are universal and can process withdrawals from betting accounts without geographical limitations.

One must have online banking to cash out through this method. It is essential to check the withdrawal limits when requesting payouts. Fees may also apply, but they vary from site to site. Here are the steps players should take to redeem their winnings.

  1. Go to the cashier page and click ‘Withdraw’
  2. Pick bank transfer and the amount to cash out
  3. Fill out the banking details and confirm the details
  4. Click ‘Submit’ and wait for the betting site to approve the transfer
  5. The money arrives in the bank account after three to seven business days

Direct bank withdrawals are protected by high-end security systems. The process usually follows a 2-factor or 3-factor authentication. While sharing the bank details with a betting platform, the player is directed to a secure webpage. When moving funds through this page, the user’s information is encrypted end to end.

So, the possibility of the data being stolen is significantly reduced. However, players from countries where gambling is illegal must be careful with bank transfers because authorities might trace their betting activities through bank statements.

How to make a withdrawal
Safety and security

Safety and security

Banks have been around for centuries, which is why bettors trust them. However, regulations in the banking sector are constantly changing, and all financial institutions are responsible for the safety of customer data. So, how do they achieve this?

Authentication

Every deposit or withdrawal follows the conformation of identity by the person initiating it. That is why bettors have to provide their secret e-banking PINs and passwords. In addition, some banks use biometric verification techniques and IVR.

Audit Trails

Every bank account has a history of transactions, also known as a statement. Besides this, banking systems keep up with audit trails for every event, including phone banking logins and the exact time of interacting with the bank system.

Know your customer (KYC)

KYC mitigates fraud and safeguards confidential information by ascertaining the user’s identity. In addition, it limits money transfers that may result from hiding identity.

Secure database and servers

Banks use secure servers and database systems to prevent data loss through hacking. Necessary details such as customer name, account number, and address are concealed. Any access to the production system is highly guarded. Even the bank employees need specialized tools to access customer data.

Regular updates and communication

Lastly, banks regularly update customers with the latest verification systems and e-banking apps. They also inform bank account holders in case of suspicious activities.

Safety and security
Customer support options

Customer support options

Banks are meticulous when it comes to communicating with customers. They take caution when introducing new channels to ensure they are consistent. The most popular ways to contact a bank are:

  • Email
  • Phone calls
  • Virtual assistants
  • Streamlined peer-to-peer mobile apps

Virtual assistants have been adopted in many online banking platforms to help clients with everyday issues. AI powers these finance apps to create a direct line of communication. They can give directions to the nearest bank branch, search the transaction history, locate the routing number, and give the account balance.

In peer-to-peer mobile apps, users can communicate effortlessly when making payments. This eliminates the hurdle that is involved in lump sum transactions.

Email is one of the leading communication channels between banks and clients. It may not be as fast as phone calls, but customers can expect responses within 24 hours. Customers with emergency inquiries prefer to use the phone number to speak directly to a customer care representative from their bank branch.

Customer support options