Popular Casino Banking Options [List]
Recently updated on January 1st, 2022
Casino banking is a core part of your online casino experience when it comes to real money casinos. Most casinos offer a variety of deposit and withdrawal options, but it’s always a good idea to check these options before signing up for an account with them.
To maximise your enjoyment at casino sites, you should get to know a little more about casino banking.
With so many sites offering real money gaming, it isn’t easy to choose suitable payment options. Let our team of expert players walk you through the different methods and how to use them so that you can decide for yourself.
We guarantee that all banking options mentioned here are safe and reliable for online gambling.
Best Casino Banking Sites
Casino Banking Deposit Methods
Everyone in the gambling world has a different opinion on what the best way to deposit funds is. This debate started because some players don’t trust casinos, no matter how secure or regulated they are. Other players, however, do feel some trust for casinos that have valid licenses.
With top of the line encryptions and gambling laws in place, regularly audited and tested casinos are at your fingertips. Below are some of the most popular and safe methods of banking you can use in any casino.
Casino Banking Credit and Debit cards
Perhaps the most common form of casino banking, credit and debit cards are some of the most convenient ways to deposit and withdraw funds from your account. The nature of this method means that there is no go-between, and therefore less chance of the transaction being declined or going astray.
Examples of widely accepted Debit and Credit cards are:
- American Express
E-wallets for Online Transactions
This is one of the best methods for gamblers who are concerned about security in casinos. The e-Wallets act as a go-between for players and sites, adding a level of safety for the players. However, this is sometimes a two-step process for deposits because you have to authorise a transfer of funds to your e-Wallet and then transfer it into your casino account.
The same authorisation methods go for withdrawing from your casino account. One of the benefits of e-Wallets is the instantaneous transfers from account to account, as opposed to other methods. Credit and Debit cards, it will take about 3-5 days to clear. Some examples of useful e-Wallets are:
Prepaid Cards for Casinos
This type of casino banking is popular amongst players because cards can have a set amount of money put on them and then be loaded onto a casino account. They have almost the same security advantages as e-Wallets, as there is no direct link between your bank account and your casino account.
This helps you to ensure that you never lose track of how much you’ve spent in the casino so that you can budget accordingly. The drawback of this method is that it is not entirely convenient for players, because you need to go to the shops to get one of these cards.
Just like e-Wallets, there is also a two-step authorisation process. Unfortunately, you can’t withdraw your winnings onto these prepaid cards because of legal reasons. However, your deposits will be instant, and there shouldn’t be transaction fees. A few prepaid cards you should be familiar with are:
Wire transfers or EFTs
For those who trust in the security measures at casinos, there is always the option of wire transfers. This is a widely accepted method of banking with many different casinos. And it allows you to make money transfers directly between your bank account and casino account.
One of the less popular casino methods available to players is an e-Check, which works the same as a standard check. However, this is all electronic, unlike a regular cheque. The player fills out a cheque and sends it to their chosen casino.
This is probably the most secure form of casino banking, but also the most time-consuming. Most casinos check this kind of payment method carefully, ensuring that everything is right. This is what makes everything slower, so expect a delay longer than most other methods.
Withdrawals & Limits
One of the most important things to check with casino banking is to check the withdrawal limits of your casino of choice. Almost every casino has a maximum daily or weekly withdrawal limit, put in place to protect themselves from withdrawals like $1 million. It’s crucial to check withdrawal limits, especially if you get lucky.
Also, we recommend checking if the withdrawal limit applies to progressive jackpots. Most casinos will have separate rules for progressive jackpot games because the normal limits would amount to players needing a few years to withdraw their winnings.
How to make deposits and withdrawals:
- American Express
- Wire Transfers
Casino Banking Safety and Security
When transferring funds to casinos, it’s always good to practice caution. Checking that there are many options to bank with and that you feel comfortable using is the best way to ensure your safety. You don’t want to use a casino that limits your choices and makes you feel unsafe to use their facilities.
Share Personal Details
For any casino, it’s essential to keep your personal banking information safe. Any customer service team for a casino will not need your details to assist you. They only need your general information, so be sure you don’t accidentally give any personal information that might allow someone to have access to your bank account. We also advise keeping all of your other banking methods as secure as possible to prevent fraud and any other problems.
Any casino needs to use 128-bit SSL encryptions, and you can check this in your navigation bar. If there is a small green lock or a green block covering the address of the casino once you’ve logged in, the site is secure. This ensures that your data cannot be hacked or used for any reason except by you or the casino.
If you do choose to use an e-wallet or prepaid card, check that your casino of choice has that option of payment or withdrawal available to you. Not all casinos accept e-Wallets or prepaid cards, so you should check that these are listed when you sign up.