Modern, online casinos offer a vast range of different services to their customers, and one of the most important ones is online banking. It can be a serious chore to take money from the bank and put it directly into the casino site of your choice, often due to region and bank regulations. For this reason, players can instead choose a banking method to suit their style, allowing them to deposit and withdraw money from their account without too much hassle.
There are a number of methods available, including debit and credit cards, e-wallets, charge cards, bank transfers, and much more. Each one has inherent pros and cons, such as how casino banking charges can work, and it can be daunting, especially for new players, to understand how it all works. This is why we have put together some of the most frequently asked questions in the industry, including answers.
How Does Online Banking Work?
Money can be both physical and digital, and because of this, it can be moved around on the Internet. To do this, you need a secure and efficient method that is accepted both by the casinos and by the bank that allows you to deposit and withdraw the sum of money of your choice both to the casino and from it respectively. To this end, you can make use of an online banking method, such as a credit card or e-wallet, to move your money to your casino.
What Are The Casino Withdrawal Limits?
Before learning how money can be moved, it’s important to understand some of the limits that both the casino and the financial services enforce on transactions. Deposits tend to be the easiest transactions to make due to the fact that they are instant, and that there are not limits or casino banking charges added. Casino depositing limits are almost non-existent, but some casinos will add some charges, so keep on the look out.
Withdrawals on the other hand will almost always have some casino withdrawal limits, and for the most part, casinos will only allow you to withdraw a set amount of cash once a month. This means that you cannot withdraw the millions you could potentially win from a jackpot all at once, and instead have to do it month by month until it is completely withdrawn.
How Fast Is It?
As a general rule, no matter what kind of banking method you use, deposits will almost always be completed instantly. Once you have chosen the amount you want to send, it will send through and notification of the deposit will be sent to you straight away.
Withdrawals run on a completely different spectrum altogether, and while some can be done instantly in rare cases, most of them will take at least a full day to complete. This is usually applied to e-wallets, however, and credit card withdrawals have been known to take up to a full business week to fully complete.
How Do I Self Exclude?
A lot of casino players feel that they have spent too much money or time playing their favourite games, which is why self exclusion policies have been set in place. They work by disallowing the player from depositing or withdrawing any money into their casino account, making it impossible to make any real money bets. To activate self exclusion, you will need to contact the casino’s customer support and request that they blacklist your banking methods for a set period of time.