An Insightful Overview of The Best Bank Transfer Casinos in Canada in 2023
Hunting after the oldest and top-ranked payment system at online casinos? Then you should opt for bank transfers - best payout online casino Canada, the most reliable options for topping up accounts or retrieving funds at any gambling venue. The key objective of my review is to study up on this payment service and define the overriding reasons to play at bank transfer casinos. I wish to analyze the story behind this tool and specify the ultimate reasons to choose it.
What is a Bank Transfer?
Let’s begin with the basics. Bank transfers are frequently called bank wires, wire transfers, etc. All these names have a similar meaning - a fast transfer of money from one user to another one. In other quarters, if you are eager to top up your account at a chosen bank transfer casino, you need to have an online banking account and ask a chosen gambling venue to provide you with their banking information. Simply put, you need to know the number of the account you want to send money to.
It goes without saying that I tested this banking option before I started writing this honest review. In my estimation, it’s very rapid, very easy to use, and features relatively low fees. Even if you have never used this banking option before, you shouldn’t avoid playing at casinos that accept bank transfer only because you don’t know how to use this service.
Pros and Cons of This Payment System
As well as any other financial tool, this one also features some strengths and weaknesses and my objective is to list them all. You should know what to expect from the best bank transfer casinos.
- Safety is guaranteed.
- Available in nearly every gambling space in Canada.
- Very easy to use.
- Too long processing time (as compared to the main alternatives).
- No fixed fees (they vary depending on the chosen bank transfer casino Canada).
How to Deposit Funds via a Bank Transfer?
One of the fundamental benefits of using this payment service is that it’s very easy to use. I bet you won’t face any issues related to transferring funds to or from your bank transfer voucher casino account. Let’s look closer at the main directions to follow:
- Find the “Deposit” button at the chosen bank transfer casino online.
- Run over all available financial tools and click on “Bank transfer”.
- Complete all the fields required.
- Verify your identity (confirm your transactions by SMS).
- Wait until your transaction is handled.
- When funds are transferred to your account, it’s time to play.
It couldn't be any easier. Now, you have cash on your account, so you can revel in playing your all-time favorite games.
How to Withdraw Funds via a Bank Transfer?
Let’s list the main directions on how to retrieve your winnings:
- Go to the financial page of the chosen casino with bank transfer and find the option “Withdraw”.
- Enter the sum (I recommend checking out the terms and wagering requirements of your gambling platform because you have to be sure that you follow them. Otherwise, you won’t be allowed to get your winnings)
- Complete all the fields.
- Now, confirm everything and wait until the operation is processed.
Remember that some bank transfer online casinos may ask users to submit such documents as IDs or utility bills. They do this in order to confirm your identity.
On average, this procedure may take up to five days, and this is probably the main downside of this option.
Is It Safe?
You will hardly find a user who is not concerned about the safety of such operations. You can be confident about the safety of this financial tool. Moreover, it’s one of the most trusted payment systems. SSL encryption, multi-factor authentication, and anti-malware protection - all these tools are used to guarantee the safety of users.
Are There Any Fees?
This is where a lot depends on the chosen bank. The processing fees vary from C$1 to C$50. The fees are determined by the sum that you want to transfer and the terms of your bank. The bank transfer casino bonus also varies and is greatly contingent on the chosen gambling venue.
Alternatives to Bank Transfer for Canadians
What if you don’t want to use this financial option? That’s not a problem. The best bank transfer online casinos support many other payment services as well. Let’s take a deeper look at the most trusted alternatives.
Launched in 2016, this e-wallet features many benefits. The main objective of this payment system is to promote the development of mobile gambling. When choosing this payment system, you’ll be able to choose between banks, cards, and bills. Plus, this service boasts superb customer support and a user-friendly mobile app.
Safety, no fees to pay, and swift online payments - these are the key reasons to opt for this option. Paysafecard has already been on the market for 22 years and features an impeccable reputation. In this case, users preload this account with a certain sum that can be spent on online gambling
Looking for a service that guarantees quick deposits? This is where you simply can’t do without PayPal. It’s one of the fastest payment systems that features low fees and allows users to get the most out of online gambling.
Let’s sum up my all-encompassing and unbiased review. This service is one of the safest payment methods among all available. Plus, you will easily find a gambling venue that supports bank transfers. Nevertheless, if you want to avoid all possible issues, you have to opt for the best bank transfer casino that has the highest rating and holds a casino license. In this case, you’ll undoubtedly revel in the gameplay and avoid scammers!