Bank transfer is one of the most widespread payment methods in Germany. Since decades, bank transfers have accounted for about 80 percent of all payment transactions.
The money is directly transferred from one bank to another. The data is encrypted multiple times, and thus bank transfer is one of the safest payment options available. Bank transfer is a cashless payment being made by the account holder.
Therefore, if one wants to play for cash in an Online casinos with direct bank transfer, one deposits money himself using the bank transfer. Bank transfer as a deposit facility as well as a withdrawal facility is normally to be found both on online casinos and among providers of online sport bets.
The transfers may be made on a form supplied by the bank or by means of online banking both nationally and internationally.
Most banks also have mobile apps, supporting quick mobile deposits playing at mobile casinos.
How to Make Bank Transfer Deposit in an Online Casino
Bank transfer is especially used to pay or receive cash without using the cash.
The money is deposited into a bank account or remitted out of the bank account directly to the receiver of payment.
To gamble in an offshore casino via online banking, German gamblers are advised to transfer payments to bank accounts across the world. Transfers are usually done instantly, but funds may only be credited in 3 to 5 business days if the method of payment is done via this channel.
Anyone depositing at an online casino via bank transfer could have to wait several days before deposited funds — and even casino bonus — are made available.
Tip: Check ahead of time if you would still qualify for the welcome bonus in case it is made available some days following the deposit.
Certain bonus terms expire within very short time frames. Bank transfer is not an option for deposits at all casinos. But there are other options that enable you to add money to your casino account in seconds.
When you use so-called instant banking options, the payment is transferred from your bank account, but by a reputable intermediary. We will discuss those payment means in detail below.
Withdrawing using Bank Transfer at an Online Casino
Online casino sites typically use the same payment method for withdrawal as for deposit.
When clients want to withdraw winnings or funds, they can perform this action by bank transfer if they also deposited by bank transfer.
Since casino withdrawals are not always possible for all payment systems, bank transfers serve a specific function.
For example, if you deposited via a prepaid method like Paysafecard, withdrawal is feasible only via bank transfer. The same applies to deposits via Sofort, Trustly, or MuchBetter instant banking.
Bank transfer withdrawal is much sought after as it enjoys high limits, and thus apt for transferring enormous winnings. It is advisable to check in advance whether the provider or the bank charges fees.
Secondly, it may take between 5 business days for money to be credited into your bank account. Do not forget that betting providers or casinos have a legal obligation to verify the customer data before a payout is released. This can also be accomplished in a few days.
To withdraw winnings or money from your balance, just provide your bank account information to the casino to transfer.
How Online Casinos Work using Bank Transfers
- Online transfer / online banking
- Transfer by form
- Terminal transfer
It is convenient and safe to make bank transfers depending on the customer's preference of method. Remember that bank transfers via online banking are normally the fastest method. Here is how to proceed:
To deposit via bank transfer:
- In "Deposit," select bank transfer as your payment option
- Account number, recipient, BIC, and payment reference will be displayed (for customers in Europe, name and IBAN would usually be sufficient)
- Log into your online banking
- Fill out the fields required (IBAN, recipient, BIC if required, amount, and purpose)
- Validate the transaction with a valid TAN or by scanning a photo TAN, as selected for authentication