The Bank transfer banking method has been available at South African online casinos for a very long time. It is one of the most trusted and safest payment options preferred by those who shun away or don’t want to use credits cards and e-wallets. Bank transfers are also well-known as bank wire by some players and you can use it when you play at an online casino.
South African players can fund their online casino accounts using their local currency ZAR (Rands). However, it may not be amongst the favourite banking methods in this era but it has some advantages that make it relevant. Players can make their deposits and withdrawals straight from or into their bank accounts. This is an effective and easy payment option if you hate the processes of using third part methods.
Using Bank Transfer at South African Online Casino
It is an easy method to use if you want to make a transaction via this option. Most South African banks allow you to transfer funds from and into your online casino account. All you need to do is to ensure that your bank account is sufficiently funded when making a deposit. The transfer can be performed via internet banking or in person by visiting your local bank. Please note that each transaction has a fee that will be charged to your bank account. The fees are higher than most banking methods. Your bank balance must be sufficient to cover the amount you wish to deposit and the charges.
Funding your online casino account is not instant using this method. Funds may take hours or days before they reflect in your casino account. Time taken for the transaction to settle varies with banks and is dependant on the bank’s efficiency.
To use bank transfers simply visit your casino’s cashier page and select bank transfer from the available options. You are required to enter your personal and bank account details. When the transaction is processed, a reference number is given to you. You can use it to track your transaction if something goes wrong.
Making a withdrawal is also easy. Simply visit the cashier page, select bank transfer, choose your bank, enter the amount and confirm.
Advantages of Using Bank Transfers
Bank transfers are easy, safe and secure to use. The process is simple and straightforward, there’s no need for you to sign up for any other third party service providers. Funds are directly withdrawn from or deposited into your personal bank account. Bank transfers are ideal for transferring huge sums, usually, it has a higher limit than most e-wallets.
For more on South African casino banking methods, read our comprehensive guide.
Other Popular Casino Banking Methods for South African Players
- American Express (Amex)
- Credit Card
- Debit Card
- SID Instant EFT
- Wire Transfer