Online casino banking
Read on for a straightforward guide to casino banking.
Managing your funds is an important part of playing at online casinos, making the information contained on this page essential reading for all online gamblers.
After registering at an online casino, the next step is depositing funds into your balance.
During the registration process, you will be asked to select a preferred payment method and enter the necessary details to facilitate transfers. Depending on your payment service and the casino’s own policies, there may be limits on the amount you can deposit at one time (most casinos set a lower limit between £5 and £15, whereas upper limits can vary widely).
Technically, any cash you pay into your account after your initial deposit is described as a transfer.
You don’t have to continue using your initial payment method for future transfers. Also, you can usually add as much cash as you want to your casino balance, within the limits set by your payment service and the casino’s policies. As a rule, transfers tend to be quick - although this will, again, depend on your payment method and chosen gaming website.
Once you’ve built up some winnings, you can cash-out your spoils.
All reputable casinos will require proof of identification before allowing players to withdraw cash – a passport scan is usually sufficient. Withdrawal times will vary according to several factors, including the efficiency of the casino’s banking team, the player’s chosen payment service and their VIP status (VIPs often enjoy quicker withdrawals). In general, withdrawing funds shouldn’t take more than three days if all necessary documentation is provided promptly.
Casino websites permit transactions through a number of popular payment methods. These secure services set time/cash limits and fees that are separate to their casino clients, so it’s definitely worth familiarising yourself with them.