Internet bank transfers and money deposits are similar, very easy to use banking options when playing at an online casino in South Africa. Southafricancasinosites.com lists top rated sites that accept bank transfers. Moreover, an online bank transfer takes place when money is moved from your bank account over the internet to or from your casino account online. It is one of the easiest and active ways to transfer money in and out of bank account.
Bank Transfers – Where it began
Internet banking took place first in the United States in the 1990s, and now it has become a popular method of cash transfer amongst numerous industries, this includes the gaming market. The advantage of using internet banking and cash transfers is that you are able to pay or accept money straight from your bank account. Additionally, or with money deposited into the Casino accounts. You can also use your credit or savings/cheque account when you want to make an online bank transfer.
How to Open an Account
With internet bank transfers, the good thing is that with South African casinos, you don’t have to open an account. However, some casinos request that when you do a cash transfer for the first time, you should produce identification.
Deposits and Withdrawals
Depositing and withdrawing from your online casino account using cash deposits or bank transfers is straightforward. To withdraw or deposit money from your account or to use internet banking, you need to fill in the form sent by the casino. This is to verify the transfer. It usually takes around 2 working days for the contract to be processed and also for the cash to appear in your account.
Advantages to Bank Transfer
There are benefits to wiring your cash to your Casino through a bank transfer. While all featured payment methods are safe and secure, going through your bank gives you an extra sense of security. The bank may, however, have added fees when you do a bank transfer.
Bank transfers seem to be the most used and preferred type of payments. However, they are not instant and players should remember that even though they are safer and secure.
More Banking Options