Instant Bank Transfer Casino Australia

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Instant bank transfers through Osko were made possible because of the New Payments Platform (NPP), Australia's enhanced payments infrastructure. The NPP allows smarter and faster payments, as well as allowing companies to create 'overlay' services. BPAY's overlay service Osko is what makes real-time payments possible in Australia. Two-Up Casino doesn’t provide a huge number of banking methods, but instead focuses on speed, simplicity and cost-effective service. The methods available are affordable and easy to get used to. New gamblers to Two-Up should take the time to go over the different payment methods, but will most likely be comfortable with one or two of the methods.

Casinos with Bank Transfer

Bank Transfers are known by various different names such as ACH, bank wire, wire transfer, direct bank transfer, fast bank transfer and others, depending on where you are in the world. However the process is almost always the same - the receiving party, in this case the casino, issues you their bank account details and you use these details to. Playing at a wire transfer online casino is safe and secure. There are plenty of instant bank transfer casinos in Australia. Online casino bank transfer option keeps the player’s banking details private. This payment method is well-suited for players that want to deposit large amounts of money. Drawbacks of Using Wire Transfer. Some are 100% secure instant bank transfer casino australia. They can take up to process. Withdrawals require a cash in touch with instant bank account details are free – others are happy to transfer funds in a certain degree of your bank account or taken from an account with an instant payment methods so that.

Bank Transfer Overview

A bank transfer or wire transfer is a way to transfer funds from one person or institution to another. As opposed to other e-wallet payment methods, bank transfers are carried out by banks, institutions that are renown for their experience and the safety of their vaults. Wire transfers are a sure way to deposit and withdraw funds on online casinos. Yet, this process sometimes involves processing fees and significant waiting times. This article will give you all the information you need to know on using bank transfers on online casinos.

Bonus

There are usually no specific casino bonuses given to players who deposit and withdraw money on online casinos with wire transfer. However, because this is such a popular and widely-used method, deposits are, of course, eligible for casinos’ generous welcome bonuses. For more information, feel free to check out the list of wire transfer casinos above, compare their bonus conditions and get ready to play.

SEPA Bank Transfers

SEPA is short for “Single Euro Payments Area” and is the name of cross-border Euro bank transfers as regulated by the EU. The goal with SEPA is to make cross-border Euro transfers within the EU equivalent to domestic transfers within a single country.

The countries that use SEPA are the Eurozone (countries within the EU that have the Euro currency) and a few other countries which also support Euro bank transfers.

SEPA cross-border transfers are supposed to be charged like domestic transactions, and there should be no fees for accepting money. In general a SEPA transfer should not take more than 1-2 bank days.

ACH Transfers

An ACH transfer moves money between banks through the Automated Clearing House network – one of the biggest U.S. payment systems. ACH transfers are typically cheaper than wire transfers, but can take several bank days as they are processed by a network operator in batches just three times per day.

Many third-party payment providers use the ACH network, probably due to the low fees, and the slow processing time is now being addressed with efforts to make same day delivery possible.

Advantages

Bank transfers are certainly one of the most popular deposit and withdrawal payment method on online casino. Looking at the list of its advantages, it becomes easier to understand why:

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  • Simplicity: e-wallet services usually require the creation of a new profile, a personal information form, a confirmation email and many other administrative steps… If you already have a bank account, then no need to worry, you are all set to start playing on your favorite wire transfer casino!
  • Safety: because wire transfers are overseen by renown financial institutions, they are a very safe way to transfer funds in and out of a casino.
  • Privacy: wire transfers do not require sharing any personal information with an online casino and is therefore a great way to keep your privacy as an online player.
  • Availability: one of the most important advantages of wire transfers is certainly that they are available as a deposit and withdrawal method on most online casinos.

Disadvantages

However, even if wire transfers present a lot of advantages, they also have some downfalls that are important to consider:

  • Waiting times: Wire transfers are one of the payment methods that require the longest waiting times (along with credit cards transactions). Withdrawing your winnings with a wire transfer could take between three and seven working days, whereas withdrawals carried out with e-wallets are quasi instant.
  • Banking fees: As wire transfers are overseen by banks, they usually involve significant processing fees. Feel free to get in touch with your bank to learn more about this process.
  • Banking details: Yes, wire transfers are more anonymous than e-wallets because they do not require any name or email address. However, sharing your banking information could also come with some risks such as online fraud.

To avoid scams, make sure to check out our casino reviews.

Fees

Online casinos usually do not charge any fee on wire transfer deposits and withdrawal. To be sure, it is heavily recommended to read a given online casino’s terms and conditions.

However, many banks charge fees for sending and receiving funds through wire transfers. As the amount and structure of the fees largely depend on your bank’s and the casino’s geographical location, it is impossible to come up with a definitive answer in a single article. Reaching your bank’s customer service is the best way to clear any doubt you may still have.

Currencies and Availability

In contrast with e-wallets, bank transfers are not limited by a given sets of currencies or countries. Because banks work closely with one another, they can easily convert any currency into any other. However, this process sometimes involves marginal conversion fees. The only limits to the availability of wire transfers depend on casinos themselves that might have certain country limitations.

Creating a Bank Account

Wire transfers only require a functioning bank account in an active bank. Bank accounts can be created in a few days (depending on the bank and country) by reaching out to a financial institution. Every bank has its own way of doing things, but usually, you will have an appointment with an adviser to find the best banking solution for your situation. You may also be able to apply online. Opening a bank account is not usually a quick process however.

Funding Account

To carry out a wire transfer, you must have a funded bank account. Money can be deposited in a bank account in the form of cash, or with a wire transfer from another account.

Depositing

Depositing funds with a wire transfer is a very simple process.

  1. Login to your account at your favorite online casino
  2. Go to the deposit tab
  3. Select wire or bank transfer as a payment method
  4. Determine the amount you would like to deposit
  5. Follow the instructions given by the payment terminal (that will ask you for your banking details)
  6. After a given waiting time, you will be able to start playing!

Withdrawing

Just as depositing, you will be able to withdraw your winnings with a wire transfer in a few steps:

  1. Login to your account at your favorite online casino
  2. Go to the withdrawal section
  3. Select wire or bank transfer as a payment method
  4. Determine the amount you would like to deposit
  5. Follow the instructions given by the payment terminal (that will ask you for your banking details)
  6. After a given waiting time, your earnings will be visible on your account balance

Security

What is important to keep in mind with wire transfers is that they are overseen by banks, institutions that have been taking care of people’s money for hundreds of years. Wire transfers are, therefore, one of the safest payment methods around. However, there are a few important details to keep in mind.
By making a wire transfer deposit, your transaction will be anonymous, yet, you will have to share your banking details with an online casino. This type of personal data could prove to be rather sensitive. Therefore, before making a wire transfer, it is heavily recommended to make sure that the casino you deposit money on is trustworthy.

Support

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If you ever need any support in the process of depositing, withdrawing or searching for more information, feel free to reach out to your bank through your favorite medium, be it phone, emails and live chats. The quality of the support you will receive will ultimately depend on the bank you have chosen.

VIP Program

Each bank will have its own way to reward its users for their loyalty. However, most of the time, banks do not attribute loyalty points for wire transfers. This is certainly not the case with credit card transactions.

FAQ

Which online casinos accept Bank Transfer?

Use the list of Bank Transfer casinos to see all online casinos that accept Bank Transfer payments.

When choosing in which online casino to play, one of the key factors to check is the payout speed. As we can all agree, there is nothing more aggravating and frustrating than winning and having to wait forever to receive our winnings! Fastest payout is one of the nicest qualities the casino can offer, having no uncertainties of when you will see your winnings hit your account is THE most important thing when playing online.

Plus, fast payouts indicate some important additional factors as well:

  1. The casino operator is financially strong and stable. In order to offer instant withdrawal casino needs to keep significant balance in every payment method, sometimes it means 30+ accounts that need to have enough funds to pay hundreds of players on the same day.
  2. Strong support: to keep this going, you need to have high qualified support personnel available 7 days a week, 24 hours a day.
  3. Fairness: fast payouts usually identify a fair and reputable casino. No one will stall your payment hoping that you will get tired of waiting and play it back (yes, some dodgy casinos use this tactic, it’s called reversal of your winnings).

To summon it up – if there is one thing you should check about a casino before making a deposit, payment speed would be it. Of course we do not mean just the info that they post on their site, but the actual withdrawal times. In most cases, it’s not something that you can check without actually depositing, so that’s why we made this list of fast withdrawal casino sites that where checked and verified for their cashout speed.


Payout Speed Factors

Besides the casino itself, there are few parameters that affect the payout time: your country, payment method, the amount.

Country

Different countries have different gambling laws, which means different payment methods for you to use when cashing out. In most countries, that shouldn’t worry you much, since there is still a great variety of fast and smooth payment methods for you to use. There is one main exception to this rule, and that is USA. In USA, the UIGEA of 2006 placed constraints on online gambling sites and banks, so receiving your payout isn’t as fast as if you lived in the UK or another country. That is why we had to split our rating to Fastest Payout Casinos and Fastest Payout Casinos USA.

Players who reside in countries which have clearly legislated online gambling and don’t have any type of restrictions on depositing or receiving their winnings have an advantage here. If they choose a good online casino they can enjoy their winnings in minutes.

Payment method

Each payment has its own inherent pace.

Ewallets:

The fastest way to deposit and cash out funds from and to your casino account are ewallets. The most popular are Paypal, Neteller, Skrill and plenty other options.

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If you are looking for hassle-free and instant / same day withdrawals, then you better use one of the above mentioned.

Credit Cards

Credit card withdrawals can be also fast, however not all credit cards allow you to withdraw funds back to the card. Plus, this method is not available in USA and currently also in Australia.

Bank Wire

Wire transfers take longer, but this is something the casino cannot control. Even if they process your request the second you click on the cashout button. Wires can sometimes take 24-48 hours until they hit your account and you see the money. Wires are indeed a good solution for high amounts, but there are better options for small / medium payments.

Checks

Checks are without a doubt the slowest. 2-5 days considered to be great time for a check to arrive in your mailbox, however the usual time is 7-10 days, based on your location and the check company.

Bitcoin & Other Cryptos

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Another option added in recent years and became popular mainly in USA and Australia is crypto-currencies, particularly Bitcoin. Dealing with BTC does demand some knowledge and understanding, but if you are ok with that, Bitcoin is one of fastest payout methods available and allows even players in most problematic markets to enjoy same day cashouts.

Since we first wrote this article, Bitcoin became the #1 withdrawal method in USA and in Australia. The reason for that is that in good online casinos, BTC withdrawals are paid pretty much instantaneously. Not to mention that the withdrawal limits are usually much higher and can reach even $10,000 per withdrawal.

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Amount

You should also keep in mind that the amount of money won can also have effect on receiving your winnings quickly. Most online casinos have a limit on how much you can withdrawal at a time. With that being said, that’s not something that you should worry about.

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If you’ve been playing in a reputable and fast payout online casino, in most cases these rules do not apply to jackpots, particularly progressive jackpots. Therefore, if you’re lucky to win a nice 6/7 digit jackpot, you won’t need to wait much before going on a shopping spree.

In any case, it is important to know the limits for regular (non progressive) winning. We can’t state the exact amount to look for as they vary from one market to another, but just make sure you don’t play at casinos that have below $2,000 per withdrawal limit. Such low amount usually indicates that the casino is not financially strong and therefore should be avoided.

Bottom Line

We cannot stress enough how important it is to stick to fastest paying casinos. If you do that, you can gamble safely, have fun and will be able to enjoy your winnings instantly. Slow payments are very annoying, generate stress and take away all the fun of gambling.

Therefore, if there is a single advice we give to our visitors: make an effort, choose wisely, and don’t join some casinos just because of the bonus offered without checking the withdrawal speed.