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If you’re looking for a secure and trustworthy way to deposit and withdraw larger sums of money at an online casino, you’ll want to consider a bank transfer casino. It might not be the most popular method of funding a casino account, but it is one of the safest.
It is eligible for welcome bonuses and gives you the chance to play all your favourite casino games.
Our experts have handpicked the best bank transfer casinos and listed them on this page. Keep reading to find out how to use bank transfers and why you should.
Bank Transfer Casinos
How it Works
If the idea of knowing that your money is securely and professionally transferred appeals to you, then gambling at one of the Canadian bank transfer casinos on our site is what you may need.
This is a casino payment method that provides a guaranteed and tight level of security, but it does come at a price.
Oftentimes, these fees can be twofold. Firstly, your bank will charge you for transactions, and secondly, some casinos may impose fees for using this payment method. That’s why we always recommend you read a casino’s terms and conditions around banking before you sign up to avoid you being caught out with unexpected expenses.
On the upside, many Canadians agree that playing at a bank transfer casino offers tight enough security to justify the costs.
There are 5 banking institutions in Canada that allow their users to deposit at online casinos, and we have listed them further up. With this information in hand, we have prepared for you a top list of some of the best live casinos offered in Canada where you can make deposits via bank transfer.
Make the most out of your Bank Transfer deposit to play live roulette or online slots at some of the best online casinos in Canada.
How it Works
Pretty straightforward, we must say: the good news is that playing at a bank transfer casino is a piece of maple syrup pie.
1. You initiate a transaction at a bank transfer casino.
2. The casino takes the information and transaction amount and transfers the information to the bank.
3. The bank verifies the authenticity of the credentials for the transaction and transfers the amount to the casino
Bank Transfer Casino Bonuses
Fure sure! When you choose a bank transfer casino on our top list, you are eligible for generous welcome bonuses and other lucrative promotions. There are some payment methods such as Paysafecard that if used at first deposit, will restrict players from getting their welcome bonus. That’s due to the volatile profile of this voucher. However, it’s never the case with such a regulated and secure payment method as Bank Transfer deposits.
How to Deposit
Now that you have a good understanding of how a bank transfer casino works, let’s get to the important stuff: depositing and playing your favourite games.
Luckily, depositing funds in your bank transfer casino account is a breeze. You just need to know your bank account details and how much you’d like to deposit. You can do your casino banking either on your computer or your mobile device if you’re hooked up for mobile banking.
Choose a bank transfer casino site from our top list and register an account.
Go to the cashier section and choose the “Deposit” option.
Choose bank transfer (sometimes called wire transfer) as your payment method.
Enter the amount you’d like to deposit and the necessary banking details. Remember that most casinos have a minimum deposit amount you’ll need to meet.
Complete any security checks your bank requires – like a code you receive via text message or a password you need to enter.
Wait for the funds to reflect in your casino account. Most casino deposits are instant.
Once you’ve had fun on all the best slots, table games, live casino games and more, you’ll want to cash out your winnings. It’s just as easy as making a deposit:
1. Go back to the casino’s cashier and choose “withdraw.”
2. Enter how much you’d like to withdraw and complete any other banking details.
3. Confirm your transaction and wait for the casino to process the funds.
Most of the bank transfer casino sites on our list will require you to complete a KYC process before your first withdrawal. It’s a way of making sure you really are who you claim to be. To complete the process, you’ll need to submit copies of identification documents and proof of address. If you don’t like the sound of that, you might want to check out no verification casinos instead.
That’s a hard yes. You don’t need to hand over much information when playing at online casinos accepting bank transfer payments.
There are no third parties or middlemen to spy on your information – it’s just your bank and the casino’s bank. Banks in Canada use the highest levels of security to ensure only the safest transactions.
All the casinos that we recommend on this page also use superior encryption and safety technology to keep your details secure at all times.
Just make sure that you have all the right information. As soon as you initiate a deposit, it’s not easy to do a chargeback to your bank account. We’d say double, or even triple, check the digits before you confirm a casino transaction.
Fees & Terms and Conditions
We mentioned that one of the downfalls of using this deposit method is the fees. The processing fees can be anywhere from $5 to $50, depending on the cash amount, your bank, and the bank transfer casino. Toronto-Dominion Bank, for instance, charges anywhere from $30 to $80.
In most cases, deposits come with minimal fees, so it’s cheaper to use this option for casino deposits.
While transactions are pretty straightforward, there are also waiting times involved. In some cases, you could wait up to five days for funds to reflect in your casino account.
Withdrawals can take up to five or more working days to process once you’ve made the request.
Pros & Cons
To answer this question, you do need to analyze your gaming style. If you are a high roller who prefers betting with bigger amounts, then banks transfer deposits will probably be the best option for you, seeing that this method is both safe and supports large transfers.
You do, need to be prepared to wait up to a few days, however, to access your winnings or even to see your deposits reflected in your casino balance.
If there’s one derivative conclusion that we’ve drawn from the pros and cons above is that we find bank transfers would work perfectly for online sports betting fans; it allows them to move large chunks of money into their sportsbook account while mitigating the transaction cost. Furthermore, when a heated in-play odd is hot, they can place their bet immediately.
In fact, for sports betting Canada, there are big names out there boasting some of the best odds. Not only that, but they also offer some nice freebet options at registration.
We’ll mention just a few we like below:
Alternate Payment Methods
Ok, we all agree that a bank transfer casino might not be for everyone, and if this is you, Canadian online casinos have plenty of alternative banking options for your Dollars.
EcoPayz – this is a popular payment method in Canada that can be used to fund your casino account instantly.
Neteller – one of the most popular e-wallets around, Neteller allows for instant deposits and withdrawals usually don’t take longer than 24 hours to process.
PayPal – a secure and well-known online payment method, PayPal is accepted at all the best bank transfer casino sites for Canadians.
Visa/MasterCard – debit and credit cards are also popular payment methods at online casinos, and while it’s a faster option than a bank transfer, you do need to hand over personal details.
Prepaid card – you can purchase prepaid cards at retail stores and deposit the funds into your casino account, but you can’t use this method for withdrawing your funds.
Frequently Asked Questions about Bank Transfer Casinos
Yes, all the casinos on our top list accept players from Canada.
Bank transfers can take 3 to 5 days to deposit when you want to withdraw your funds. While deposits are often instant at casinos, you might wait a few days for funds to reflect when you use a bank transfer.
Yes, the casinos we recommend use top-notch security, and bank transfer is one of the safest payment methods. There are no third parties involved, so you’re guaranteed secure and private banking to and from your online casino of choice.
Some Canadian banks will query direct payments to and from online casinos, and if they feel anything is untoward, they’ll stop the payment. But when you play at trusted bank transfer casino sites, everything should be smooth sailing.
There can be processing fees and long wait times compared to other casino payment methods.
Yes, but it differs from one casino to the next. Also, the minimum deposit may not be the same as the deposit required to claim a bonus.
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