Bank transfers, sometimes referred to as wire transfers, are one of the most established, credible and frequently used methods of payments in existence. As its name suggests, bank transfers involve somebody transferring funds from a bank account into a different account. The individual or organisation which receives the funds is known as the recipient.
As far back as the fourth century BC, the concept of ‘abstract’ money had been born, in which money was representative as a number. Transfers involving this ancient form of banknotes, were made by subtracting ‘numbers’ from a book, similar to today’s bank, and added to another book.
Bank transfers as we know them today were implemented at around the same time as the telegraph was invented. The telegraph made long-distance communication possible and it was in the United States in the latter half of the 1800s that the first wire transfer was made, taking money electronically from one source and into another. Today, thanks to the internet, anybody with a bank account, internet access and online bank can carry out their own electronic wire transfers with ease.
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The winnings generated from the deposit extra spins have a wagering requirement of 35x within 5 days, and you need to turnover the deposited amount 5x on slots. If the bonus expires before the wagering requirement is met, then all bonus funds and associated winnings will be deducted.
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Offer valid on first deposit.
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18+. T&C's Apply. Please Gamble Responsibly.
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Welcome bonus of 50 bonus spins on your first deposit More info
• Wagering requirements of bonus funds
• Whom this offer is available to, – for example, ‘new customers’ or ‘UK customers only’
• Deposit methods which do not qualify player for bonus eligibility, e.g.- Skrill/Neteller
• Minimum deposit amounts
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Winnings from free spins paid as cash. Free spins expire 7 days after acceptance. New casino players from UK and Ireland only. SMS verification required. By taking part in this promotion you agree to the Terms & Conditions.
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18+. New Casino customers only. Min bet £10 on qualifying games. Bonus must be accepted with 48 hours, has 40 x wagering reqs (certain games only) and is valid for 30 days. Certain deposit methods only. Bets covering >70% of Roulette table don't count to wagering. T&Cs Apply.
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We have to admit that this method of payment is one of the quickest and least energy demanding types of payments. All that is required is the information from where the funds are coming from and the information about where the money is going to, known as the recipient. The data required is typically the name of the sender, also known as payee, their address, the name of both banks involved and the addresses of both banks, both bank account numbers, and various other codes related to the banks, such as the BIC, Swift and IBAN codes.
As soon as the transfer information has been entered, the bank where the funds are leaving will need to verify the data that has been provided. The bank that is receiving the funds will then need to also verify the relevant information in order to accept the transfer.
This typically shows up as ‘payment processing’ and usually takes around three to five working days to be completed. This however depends on the specific banks which are involved in the transaction, as sometimes the process can be longer, up to around eight working days. If some data has been entered incorrectly, the whole process is slowed down and can take as long as between 20 and 30 working days before the transaction is completed.
Many online casinos accept bank transfers as payments. Simply select this method of payment when you are on the payments page of the casino. All you will require is your own bank account’s information, including number, address, name and as well as the bank account number the sort code number. You will also need the bank details of the online casino, which they will provide.
You will need to log onto your own bank account’s internet banking in order to make the payment to the online casino and complete the transaction.