There are two main types of bank transfer services. There are the old fashioned bank wires and these move funds directly from our bank account to a casino account. If you have ever transferred money to someone else’s bank account before, then you will know how they work. There is no need for any special accounts or apps. The process is very straightforward.
However, there are also a number of third party services, such as iDEAL And Girpay, that facilitate bank transfers. These are far faster and make the process even smoother. They usually simply require you to select your bank, login to your regular online banking account, and then confirm the transfer. There are many advantages to these, such as speed and security, which is why they have become so popular.
How to Make a Deposit
Depositing with bank transfer is very straightforward and takes very little time. The actual process will vary slightly depending on which service you use, but it will always look a bit like the following:
· Step 1: Click on the Cashier button.
· Step 2: Click on the Deposit button.
· Step 3: Select the bank transfer service that you wish to use.
· Step 4: Follow the onscreen instructions. Usually, the service will redirect you to your online banking. You will be asked to login, select which account you wish to transfer from and enter the amount you wish to deposit.
· Step 5: There will normally be a confirmation procedure, such as a code that is sent to you.
· Step 6: Return to the home page and start playing.
That is all there is to it. In the vast majority of cases the funds will be immediately available in your Spin Rio
How to Withdraw
Unfortunately, not many bank transfer services offer withdrawals. However, if the service you are using does allow it, then the steps will be similar to the following:
· Step 1: Click on the Cashier button in the lobby.
· Step 2: Click on the Cash Out button.
· Step 3: Choose the bank transfer service.
· Step 4: Select your bank and then login to your online banking.
· Step 5: Choose the account where you wish to deposit the funds and enter how much you wish to withdraw.
· Step 6: Click on the Cash Out Request button.
As with all withdrawal methods, you will first have had to verify your identity with the casino. This simply involves submitting a copy of an official photo ID and proof of address.
Pros and Cons of Bank Transfers
You will find that there are several advantage to using a bank transfer. However, there are also some disadvantages that you should be aware of.
To start with the advantages. Bank transfers are extremely secure. Wire transfers go through a number of security checks while third-party services make use of the banks’ own security protocols through online banking. Furthermore, the bank transfer services do not require you to share any banking details with the casino, so they are excellent for those who are concerned about privacy.
Bank transfer services are also extremely fast. Deposits will be processed instantly so that you can start playing straightaway. They are also either free or only charge very small fees. As such, the entire experience is smooth.
In regards to disadvantages, there are a few. Firstly, it requires you to have a bank account and if you want to use one of the third-party services, then the account must be at a supported bank. Furthermore, as noted above, most bank transfer services do not support withdrawals. Finally, traditional bank wires are very slow, which can be hugely frustrating.
It is best to thoroughly research the bank transfer service you are interested in using. It is likely to have its own specific pros and cons, but the chances are that you will find it an excellent option.
Safety and Security
One off the biggest advantages of using bank transfer services is that they are so secure. They are protected by the banks’ security systems, which means that they are likely to be state of the art. Banks use advanced encryption technology and firewalls, both of which you will benefit from when using transfers for deposits and withdrawals. There will also be elements such as two-factor authentication, which helps prevent fraud and makes the entire process even more secure. Therefore, if you are concerned about security, an online bank transfer is quite possibly your best option.
Bank transfers are an excellent way to fund your Spin Rio account. However, there are some caveats. Main that you need to have a bank account that is supported by one of the bank transfer services. However, the vast majority of banks are supported by at least one of the services. In short, if you want a fast, secure and easy way of funding your casino, then bank transfers are an excellent option.