Bank transfer is offered in many online casinos. It is popular because it is completely safe and familiar. However, it takes more time than alternative payment methods. We have taken a closer look at the option and reveal the advantages and disadvantages, special features and best online casinos with a bank transfer.
Max bonus (2nd and 3rd deposit): 20 ETH/400,000 TRX/20,000 USDT/20,000 USDC/200 BCH/70,000 ADA/250,000 DOGE/300 LTC
Free spins: 20 free spins per day for 10 days.
How did we rate this casino
The casino belongs to the group of Dama BV casinos. However, the casino's success depends on its implementation, similar to Rabidi casinos. Dailyspins is a good example of how to do it right. This well-designed casino offers both fiat and crypto options and good bonus offers.
Additional free spins are available for a deposit of C$70 or more.
How did we rate this casino
RollingSlots casino offers a generous bonus (even if the calculation of the % is nonsense) and an excellent selection of slots and games. We were quite impressed with the level of support we received here.
The 7Bit casino stands out with its highly attractive new customer bonus for crypto customers. In addition, it boasts a large game selection known from the Dama casinos. The casino's visual appearance has also improved significantly since the redesign.
Playzilla Casino is convincing in its core casino discipline, i.e. the pure casino product. The selection of games and live games that we found here and the very good support, as well as a customer-friendly bonus with a very strong existing customer bonus offer, make the casino stand out.
The offer is not valid when depositing with Skrill
Slots contribute 100%
Live casino games contribute 10%
Many games are excluded, see bonus conditions
How did we rate this casino
Casinoin is pretty well positioned in all areas: In addition to a solid selection of cryptocurrencies, there are other common payment methods. The customer service is fast and the range of games is very extensive. When it comes to the bonus, we find it annoying that many games are excluded from the wagering requirements.
In order to get free spins with every deposit, the deposit MUST be at least C$70.
To activate the bonus, you must contact the casino via live chat or send an email to [email protected].
How did we rate this casino
NeedForSpin comes with a great product and an excellent website design. However, it focuses more on classic payment methods than on crypto. But if you're looking for a casino that can do both, you could be very happy here.
Slots count 100% towards bonus wagering (exceptions in bonus terms and conditions).
How did we rate this casino
At Oshi casino, we can find a vast selection of games that offer new and thrilling experiences. The option to pay with both cryptocurrencies and traditional methods provides flexibility and convenience. We appreciate the VIP program that rewards loyal players, as it is another excellent feature.
One of the casinos that offer crypto and fiat with all the weaknesses this brings. The biggest drawback is that there is no bonus with crypto—however, it has a very good game selection and a top live casino.
Cryptocurrency deposits don’t qualify for the bonus
How did we rate this casino
The 22bet casino doesn't rank at the top since you don’t get the bonus when depositing with crypto. However, the casino boasts one of the largest selections of crypto payment options, as well as slots and live dealer tables. So, the pure casino product is very well done.
Our Top 3 Casinos With Bank Transfer for Canadians
1. Dailyspins
From traditional fiat options to cryptocurrencies, Dailyspins customers have the flexibility to choose the payment method that best suits their needs. Additionally, the casino's reliable support team is readily available via live chat, offering prompt assistance.
Max bonus (2nd and 3rd deposit): 20 ETH/400,000 TRX/20,000 USDT/20,000 USDC/200 BCH/70,000 ADA/250,000 DOGE/300 LTC
Free spins: 20 free spins per day for 10 days.
How did we rate this casino
The casino belongs to the group of Dama BV casinos. However, the casino's success depends on its implementation, similar to Rabidi casinos. Dailyspins is a good example of how to do it right. This well-designed casino offers both fiat and crypto options and good bonus offers.
The RollingSlots casino offers many payment methods, including cryptocurrencies and traditional methods. You can easily withdraw your winnings via bank transfer. We were impressed by the large selection of games, the attractive welcome bonus and the security standards.
Many payment methods
Large selection of games from well-known providers
Additional free spins are available for a deposit of C$70 or more.
How did we rate this casino
RollingSlots casino offers a generous bonus (even if the calculation of the % is nonsense) and an excellent selection of slots and games. We were quite impressed with the level of support we received here.
At 7Bit casino, you also have the option of depositing with real money or crypto. If you wish, your winnings can also be sent to you by bank transfer. With over 5,000 games and more than 80 game providers, you are guaranteed not to get bored. The bonus offers are also highly recommended.
The 7Bit casino stands out with its highly attractive new customer bonus for crypto customers. In addition, it boasts a large game selection known from the Dama casinos. The casino's visual appearance has also improved significantly since the redesign.
Every Canadian with a bank account has certainly made a bank transfer at some point. This is possible with the help of a transfer form in the local bank branch or via online banking.
An online casino with a bank transfer works just like any other transaction. All you need is the recipient's name and account information. The purpose of payment is also important to ensure that the money ends up in the correct player account. The online casino will provide you with the necessary information—usually your player name, e-mail address, or an assigned number.
How Do I Deposit Using Bank Transfer at an Online Casino?
First, create an account at the online casino if you are not a registered customer yet. After successful registration, select bank transfer as a payment option in the cashier area.
All the information you need to deposit at an online casino with a bank transfer will be provided in the next step. This includes:
Receiver
IBAN, BIC if applicable
Purpose of payment
You can then use this information to fill out the online banking or bank transfer form. Finally, you confirm the transfer by signature or TAN.
In most cases, bank transfers take a few days to process, which is a drawback of this payment option. Many alternatives credit the money to your player account immediately after payment so that you can get started right away.
Withdrawal at Online Casinos Using Bank Transfer
Bank transfer is a common withdrawal method in an online casino. Although many online casinos require deposits and withdrawals to be made in the same way, a bank transfer is also a backup for other methods. For example, a withdrawal is not possible with a prepaid card, so a bank transfer is used as an alternative.
Specify this option in your account to withdraw your winnings in an online casino using a bank transfer. If necessary, check the limits—they are sometimes higher for bank transfers than other options.
Also, note that a withdrawal can take some time. It is best to enter your account details and verify your account immediately after registration. This is a requirement of reputable online casinos, and you can save some time by doing this step right when you sign up. Usually, a copy of your identity card is sufficient.
Specifics of Bank Transfer
In Europe, there is now a uniform payment procedure known as SEPA. Instead of national transactions that take time and money, international payments are standardized. For bank transfers, you only need your IBAN number, regardless of the destination country of your bank transfer.
However, this doesn’t apply to countries outside Europe. Since many online casinos have licences or headquarters outside the EU, you have to be careful. In this case, we are talking about foreign transfers, which often take much more time, sometimes up to ten days.
So find out in advance where the online casino of your choice is located and how long a bank transfer takes. Otherwise, you may be annoyed if you can't start playing when you want to.
Our Criteria
The team at Kryptocasinos.com has many years of experience in the industry. Many experts have worked in online casinos and are passionate gamblers.
Therefore, they know what matters most when it comes to the best online casinos and what features distinguish a good provider from a mediocre one.
So, when it comes to the best online casinos with bank transfers, we pay attention not only to the availability of this payment option but also to the overall experience. Online casinos differ in many areas, such as games, software, security, customer service, and apps.
In our article on the testing process, you will find detailed information about our evaluation criteria. This can help you to examine an online casino yourself and decide on the best provider.
Security
Online casinos with bank transfers are incredibly safe. The option is one of the oldest and most common transaction methods ever. Besides, almost everyone has already made a transaction and knows how the whole thing works.
The transfer is processed directly through the house bank without the interposition of another payment provider. You don't have to sign up anywhere else or give out your information. In addition, you have contacts at your bank who can help in case of problems or unauthorized payments.
Thanks to an individual purpose of payment, bank transfers in the online casino can be assigned to the right player and also appear on the bank statement. This way, you always have an overview of your winnings and expenses.
Classic bank transfers and crypto payments couldn’t be more different. However, both have advantages and disadvantages, which we will discuss below.
With bank transfers, absolute security and familiarity are set against the possible skepticism and unfamiliarity of relatively new cryptocurrencies.
Bank transfers have a long tradition and are used regularly by most people. They are considered enormously safe and run through your bank account. However, they also require more time since transfers usually take a few days. This is especially true for transfers to foreign casinos. If you deposit with crypto, on the other hand, you can expect the amount to be in your casino account immediately.
Cryptocurrencies also impress with their security due to the very modern encryption technologies. In addition, this option scores high on anonymity because you don't have to provide any personal or banking information.
We also want to mention a disadvantage of cryptocurrency, namely, violent price fluctuations. Here it can also happen that one loses the overview. When you transfer money, you track your transactions on your bank statement and know exactly how much money you deposit.
Bank Transfer Explained
The SEPA scheme, used today for domestic and international payments in euros, has been in place since 2008.
While the payee initiates the transaction in the case of a direct debit, check or card payment, the payer initiates a credit transfer.
The following information is necessary for a successful bank transfer:
Recipient name
IBAN of the recipient
Deposit amount
Purpose of payment
IBAN of the account holder
An analog or digital transfer form is submitted to your bank and subsequently checked. You authorize the payment by your signature or TAN. Your bank will check the information and make the transfer if the recipient's account is at the same bank. Otherwise, the order is forwarded to a central clearing house.
The system has advanced to the point where most transfers nowadays happen in real time. However, it can still take a few days for transfers abroad.
Costs and Fees With Bank Transfer
Costs may apply when paying by bank transfer. However, there are no uniform regulations here. Each bank sets its own fees.
Since the EU introduced a SEPA credit transfer, costs are rare, provided that both banks are located in the European Economic Area. However, SEPA transfers are only possible up to €50,000. In addition, fees are usually incurred accordingly.
There are also costs connected to payments in foreign currencies. SWIFT fees are also payable for transfers outside the SEPA area. SWIFT stands for “Society for Worldwide Interbank Financial Telecommunication” and enables secure international transactions.
Due to the current economic situation, more banks are charging bank transfer fees. Because of that, it is worth looking for an alternative that doesn’t involve these costs.
What Limits Are Possible?
Like the fees, the limits are not consistently regulated. Each bank sets its own guidelines. In most cases, the daily limits for current accounts are around €3,000. Many banks also allow the short-term increase of the limit. You can usually do this yourself in your online banking area.
For larger amounts, it is advisable to speak directly with the bank. This way, you avoid delays because when it comes to large transfers, a bank usually wants to protect itself and make sure that payment is safe before making it.
There are usually no minimum transfers, and payments in the SEPA area are possible up to €50,000. This looks different in online casinos with bank transfers, where you typically have to make a minimum deposit of €10. Withdrawal limits for winnings in an online casino can be found in the terms and conditions.
Bank Transfer Casinos: Advantages and Disadvantages
The most significant advantage of bank transfer payments at online casinos is the high level of security and familiarity. The biggest disadvantage, on the other hand, is the transfer duration, especially abroad. The most important advantages and disadvantages at a glance:
Advantages:
Highly secure and encrypted payments
Practical and familiar payment option
Offline transfers possible
Can also be used for withdrawals
Disadvantages:
Long transaction time
Possible fees and limits
No uniform regulations
Expert Opinion on Bank Transfers in Online Casinos
Bank transfers offer a level of familiarity and trust that many Canadian players value when conducting financial transactions, particularly in the context of online gambling. Unlike newer or less established payment methods, bank transfers are widely recognized and understood by players of all backgrounds, which contributes to a sense of confidence and comfort in using them to fund their gaming accounts.
Online Casinos With Bank Transfer in Canada: Our Conclusion
Online casinos with bank transfers score high on security and are easy and flexible for anyone with a bank account. However, this payment method takes longer than most other methods, where the real money is directly credited to your player account.
On the other hand, withdrawals are also possible, which is a significant advantage for casinos with a bank transfer. Many online casinos offer this payment option, which is why you have a wide choice of providers. This way, you can focus on other criteria, such as bonus offer, game selection or app, to choose the best online casino with a bank transfer for you.
Bank Transfer Casinos in Canada: Frequently Asked Questions and Our Answers
How long do bank transfer payments take at online casinos?
How fast the payment is processed depends on your bank and the casino's location. It usually takes a few working days within the EU or the European Economic Area. For transfers to other countries, it can take up to 10 days.
How much does it cost to use bank transfer at online casinos?
Your bank determines the transfer costs; the online casino usually doesn’t charge any fees. The fees depend on the currency and the location of the casino.
Is it possible to make a withdrawal using bank transfer at online casinos?
Yes, a withdrawal by bank transfer is always possible at an online casino.
Why do players use bank transfer at casinos?
Bank transfers are also used in everyday life and are a well-known, secure payment option. It is also suitable for Canadian players who don’t want to open an account with another payment service provider or don’t have online banking, as transfers can also be made offline in the branch.
How safe is the bank transfer?
The bank transfer at an online casino is secure and encrypted by your house bank.
How high are the bank transfer limits?
Banks usually don’t determine the minimum transfer amount, but some online casinos definitely do. Pay attention to the terms and conditions, especially the welcome bonus conditions. Within the SEPA area, transfers of up to €50,000 are possible.
Can you use the bank transfer also via mobile devices?
Yes, with your Online Banking, you can also make mobile transfers.
What are the alternatives to bank transfers?
There are many alternative payment options to bank transfers. You can use your credit card and e-wallets such as Skrill and Neteller or pay with prepaid cards such as Paysafecard or CashtoCode.
Is there a minimum amount that must be deposited?
Minimum deposits usually apply in online casinos with bank transfers, especially if you want to claim the bonus. Most of the time, these are between €10 and €20.
What bonuses do online casinos with bank transfer offer?
Bonus offers at online casinos with bank transfer don’t depend on the payment option. While some providers exclude certain payment options from the bonus, usually e-wallets like Neteller or Skrill, the bonus can be claimed when making deposits via bank transfer.
Online Gambling, Greece and my dog Gringo are my three favorite things in my life. Before working for Kryptocasinos.com I was leading the content team of an iGaming Online magazine where I was focused on researching casinos, their licenses and the connection between the members of the industry.
Last update: 24. April 2024
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