Deposit & Withdrawals
Bank Transfer also known as Wire Transfer is a type of payment method for making a deposit to an online bingo site or casino – either online or by phone – means that your money goes straight from your account to theirs.
And it’s not the same as paying by credit or debit card. It’s simply where you make a payment directly from your bank account directly to the gaming company.
Read below to find out more about Bank Transfer on bingo sites or visit one of the following UK bingo sites which accept Bank Transfer / Wire Transfer.
Bank Transfer Bingo Sites & Casinos
How Does Pay By Bank Transfer Work ?
Bank Transfer / Wire Transfer on bingo sites and casinos is a way of transferring money directly from one bank account to your player account via online banking, telephone or from your local branch. This method is one of the easiest ways to deposit on online bingo sites and casinos.
Using the Bank Transfer deposit option is not always the fastest, and it can often take a few hours to a few days for funds to reach your player account. The same timescale applies when withdrawing winnings back to your bank account.
Using Bank Transfer for Bingo / Games
Instructions on how to deposit via Bank Transfer is usually available from the online bingo sites or casinos which accepts bank transfers. Some sites may offer the Fast Bank Transfer which is a similar payment method, but funds reach your account much quicker. Just look out for the logo 'Fast Bank Transfer.'
Security and Fraud Protection
If money is taken from your bank account fraudulently, then your bank must refund it unless they can show that you have been grossly negligent. If it is fraud, then your bank will need to investigate further, unless you have been negligent then the funds must refund the money within days.
Sometimes the Bank Transfer process takes a few hours; if you do have second thoughts after making a deposit, then it may be possible to probably only be able to get the transaction stopped if you contacted the bank immediately. Even then you may be too late.
Unlike paying with Visa or Credit Card where there is no payment protection, if something was to go wrong or if the gaming company were to go bust it funds are unlikely to be retrieved. So this is something you need to consider when playing on bingo sites with Bank Transfer options.
If you have second thoughts — you would probably only be able to get the transaction stopped if you contact your bank immediately. Even then you may be too late.
Benefits of Bank Transfer
Apparent from convenience there are no benefits to using Bank Transfer as just like cash it isn't the most secure method. The UK Payments Council, which handles bank payments advises this: “We would like to warn people about making purchases online using internet or telephone transfers. Treat them like cash: if you know and trust the other party it’s fine, but be wary if you’re purchasing something of high value.”
We recommend that if you are a new bingo site or casino player, then use Debit or Credit Card if possible for that extra payment protection.
Depositing and Withdrawing
Most sites don't usually charge a transaction fee for Wire Transfer BACS/CHAPS (SWIFT) deposits but your bank might. It is important to check the information on each website as well as your bank first in case there is a small fee for paying by Wire Transfer.
Some casinos and bingo sites will allow you to withdraw your funds using SWIFT / Bacs transfers. If this method is available, check with each site as a processing fee may apply.
Deposit only what you Can Afford to Risk
If you want to play on casinos or bingo sites with the Bank Transfer payment option, then start off by making a small deposit and only what you can afford to lose also ensure you are playing on bingo sites which have a UK Gambling licence which are sites listed on Glitzy Bingo.