Instant bank transfer online casinos for Australian players

Instant bank transfer online casinos for Australian players
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Instant bank transfer online casinos for Australian players
3.86/5 on 73 reviews
Published: 11.04.2017 Updated: 25.01.2022
By Andrew Russell

It has always been there, robust, safe, regulated from top to bottom by strictest acts, accessible in person, online and via the phone. Instant bank transfers rely on the ‘physical’ banking system, which people use every day to deposit, transfer and keep their money in. People use banks to make any purchase and – what a surprise – it is also at your disposal when it comes to online gambling. Your bank is up to assist you with depositing AUD and other currency to an online casino and it is as safe as any other bank transactions. In fact, it is one of the safest and most reliable payment methods because this is actually a transaction between two banks, yours and that of a casino, and banks employ extremely secure and bullet-proof systems, software, equipment and procedures to ensure safety of your data and moneys.

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Bank transfers in a nutshell

There is no business that would make do without a bank account and online casinos accepting Australian gamblers are no exception to this rule. So, if you have a bank account you can deposit funds to an online casino of your choice with the help of your bank. If by chance you still have no bank account, you will have to visit any local bank and open an account with it.

A bank will ask you to present some personal information in order to identify you properly and activate its robust security system to protect you and your account and transactions. As soon as it is done, you should consult an online casino of your choice if it accepts instant bank transfers. If it does – and most online casinos readily do – you may avail yourself of opportunities provided by your bank for depositing funds to the online casino.

As soon as this payment method involves transfer of funds from your current bank account to a casino bank account, you should collect respective bank details from an online casino you are going to play with. These details include its business name, bank account number, bank name and a few codes like SWIFT, BIC and/or IBAN. All these details are available in your online casino dashboard or is provided a the casino support team upon request.

There are normally several ways of making an instant bank transfer of your funds to your online casino account. Most traditionally, you have to visit a bank in person, fill in the form or ask a manager to do it for you. Sometimes it is possible to do the same over the phone or online using your PC or mobile if your bank provides such services. What you need to know is that direct bank transfers are absolutely safe because the money assets go beeline from the sending bank to the casino’s bank with no intermediaries involved. And the less agents are on this way, the more reliable is the transaction.

Upon filling the form or making necessary arrangements online or over the phone, you should not storm back to your account with an online casino. Bank transfers are called instant because they are performed in a real-time mode but this does not mean they take an instant. Be prepared to wait up to 7 business days before your funds appear on your casino account. Mind the weekend: asking for a bank transfer on Friday means that the whole process will most probably start on Monday. There are also charges which may be a bit higher than those associated with e-wallets and other non-banking methods of payment described on AUCasinosOnline. Consult your bank in advance to have clear understanding of the expenses and the final amount that reaches the casino account after all deductions.

Each online casino accepting instant bank transfers as a payment method for depositing usually provides for the same payment option for making withdrawals. Withdrawal is done in the same manner as depositing, i. e. you will have to provide the casino with your bank details and request a withdrawal. You may be asked to confirm your identity for security reasons. Again, this transaction takes place between two banks and you may be sure that nobody has access to your bank account and personal data.

Broadly speaking, you request a withdrawal and submit personal and banking details to the casino. They make necessary checks and order their bank to transfer your funds to your bank. Again, depending on the casino and banks, it takes up to 5–10 business days and incurs some fees which will have to be paid – most probably – by you.

In case of any questions, doubts or troubles there are 24/7 bank customer care centers, efficient and reliable, usually accessible by all possible communication channels, including live chats, phone hotlines, mobile and e-mail. The same refers to online casino chat support.

Advantages and disadvantages of bank transfers

Bank transfers offer Australian players some weighty advantages unsurpassed by any other payment methods:

  1. First of all, it is safety. Instant bank transfers are most probably the safest payment option available at the moment. All transactions pass in perfectly regulated environment with the stringent rules and policies aiming at security as an ultimate priority.
  2. This option is an excellent alternative for high rollers; while minimum amounts eligible for bank transfers fit any gambler, the maximum amounts are really very high, up to dozens of thousands of dollars, and exceed almost any other option. Check the maximum amounts with your bank and an online casino of your choice listed among these listed on AUCasinosOnline, find a match and enjoy the thrills of high stakes.
  3. This payment method is widespread or even omnipresent. Check casino sites reviewed here and you will see that most casinos use instant bank transfers as a payment method when it comes to deposit or withdrawal of funds.

There are some aspects in instant bank transfers that may be treated as disadvantages, though they neither affect your interests nor compromise safety. This is just the inherent features of the system and it is for you to decide whether it meets your needs or not.

So, there some downsides of instant bank transfers as a payment method:

  1. It is quite slow. It may take 7 business days, or greater, to see the deposited funds appear on your casino balance and up to 10 business days for cashout. Though many banks provide clients with online banking options and phone service, you may be required to visit a bank in person to confirm your identity and make a transaction. If it is too long and burdensome for you but you are still strive for the highest safety and high stakes, you should consider MasterCard or Visa as a payment option.
  2. Bank fees are reasonable but you are still going to incur some expenses. In case the bank charges are too high, consider another option, for example, paysafecard, see a respective section of our payment method reviews. Paysafecard is essentially free but it does not allow depositing large amounts and withdrawal is not possible without a bank account. On the other hand, you are going to save on foreign exchange fees: if your Australian bank account is held in AUD and a casino of your choice accepts AUD as well, you will save quite an amount on foreign exchange.

All in all, instant bank transfers, as old-fashioned and slow as they are, are safe, reliable and unsurpassed in terms of amounts accepted for transferring. If its advantages meet your needs and match your gambling habits and preferences, you are advised to consult our list of casinos that accept instant bank transfers as a payment method. Select casinos that you like, deposit funds and make your bets.