Bank Transfer Casino: How to Use Bank Transfer at Betiton UK
Last Updated: 26-06-2023 10:08
We take a look at one of the simplest ways to transfer money to your casino account to play any casino game you choose. Betiton, like most other platforms, is an online casino with Bank Transfer as a payment option. This guide will help you get started and will deliver all the information you’ll need to know to make your first deposit.
- How to Start Bank Transfer Online Gambling at Betiton
- What Is a Bank Transfer?
- How Does Bank Transfer Work?
- Advantages of Betting with Bank Transfer
- Disadvantages of Betting with Bank Transfer
- Other Payment Method Guides
- FAQs About Bank Transfer
How to Start Bank Transfer Online Gambling at Betiton
To get started, you will simply need your banking details to hand. You won’t need any third parties to complete your transactions, buy any vouchers or cards, or even sign up for an additional account such as an e-wallet.
Let’s jump into how to make your first deposit and withdrawal at Betiton.
If you would like to deposit by Bank Transfer, there are a few things to be aware of before you do that. The first is that a minimum deposit limit of £10 applies to all deposits at Betiton Online Casino, whether it’s your first deposit or a recurring one.
Secondly, before you can deposit funds into your Betiton UK account for the first time, you’ll first need to complete the quick identity verification process. As a Bank Transfer casino licensed by the UK Gambling Commission, our licence requires that we conduct a KYC (Know Your Customer) process, which is just a way of saying that we need to make sure our players are who they say they are.
We require the following documents to be uploaded to your account to verify your identity. You may take a clear photo of each document or scan it if the quality is clear.
- Proof of address: Any recent bill (not older than three months), tenancy agreement, or governmental letter with your address on it.
- Proof of identity: Upload your passport or an identity card to verify your full name and age. We must make sure that no one under 18 can sign up or make a deposit on our site.
- Proof of income: This is required by any UK online casino for anti-money laundering purposes and to make sure that players are gambling responsibly as well.
We understand that uploading these documents might take some effort on your part, especially if you’re eager to make your deposit via Bank Transfer and start playing your favourites games, whether that’s slots or live casino games, right away. The good news, however, is that you only need to upload these documents once during your time at Betiton UK Casino.
Once the verification process on your account is complete, you’ll be able to make your first online casino Bank Transfer by following this step-by-step guide:
- Log in to your Betiton account, head to the Betiton Cashier section, and click the ‘Deposit’ button.
- Choose the Online Bank Transfer option as your preferred payment method.
- Choose how much you want to transfer into your casino account.
- Sign in to your bank account using your online banking login details to finalise the payment.
- The amount you transferred will immediately appear in your casino account.
Were you fortunate to win while gambling at our Bank Transfer casino UK? Luckily you can use the same method to withdraw your winnings.
The estimated time for the funds to reach your bank account fall between two and six business days. The time frame for receiving your money is also subject to additional checks Betiton may make. This falls under a general processing time for your request as well as additional checks for documentation if required.
Here is a step-by-step guide to follow to make a withdrawal:
- In the Betiton lobby, click the ‘Cashier’ button and then ‘Cash Out’.
- Choose the option of Online Bank Transfer and fill in the relevant information on screen.
- Once you’re ready, click the ‘Cash Out Request’ button.
- Betiton’s Cash Out policy will apply, so be sure to familiarise yourself with the information.
Some key points from the Cash Out policy include completing all wagering requirements tied to bonuses and promotions, withdrawing at least £10 and not more than £7000 in a month, and submitting further documentation if withdrawing more than £2300 in one go.
What Is a Bank Transfer?
A Bank Transfer is one of the most traditional forms of online payment methods and involves transferring money directly from your bank account to another bank account. Since it’s a direct transfer, there’s no need to use a debit card or any bank card to make the transfer. All you’ll need are your Internet banking login details and confirm the payment through your bank’s app, depending on the bank you have an account with.
A Bank Transfer is not to be confused with Wire Transfer, a type of Bank Transfer used to send money from your bank account to an account abroad. Essentially, a Wire Transfer is an international transfer, while a regular Bank Transfer is a transfer of funds from one domestic bank account to another.
As a Betiton UK member, the regular Bank Transfer or an Instant Bank Transfer are the only two types that will apply to you. Additionally, Bank Transfers are much faster than Wire Transfers and come with significantly lower fees.
What Is an Instant Bank Transfer?
An instant casino Bank Transfer allows you to transfer money from your bank account into your betting account within a matter of minutes. With the Instant Bank Transfer option, you won’t need to wait for your deposit to be processed before you can start enjoying online sports betting or playing casino games.
What Is a Bank Transfer Casino?
Any online casino that offers Bank Transfer as a payment option is considered a Bank Transfer Casino. You’ll be hard-pressed to find a gambling platform that doesn’t facilitate this banking method in the UK as it’s so popular amongst players. That’s why Betiton quickly became a Bank Transfer Casino, allowing British players to use Instant Bank Transfers to fund all their online gambling activities.
How Does Bank Transfer Work?
Put simply, a Bank transfer is a direct transfer of funds from your bank to the recipient’s bank, which, in this case, would be the online casino. The process may vary slightly depending on your bank, but in general, this is how the process of a Bank Transfer works:
- First, the customer chooses the Bank Transfer option when making any type of purchase online, including a deposit to an online casino.
- The online casino then provides their bank account details, including a reference code for the customer to make the transaction.
- The customer then chooses the amount they want to transfer to the merchant’s bank account and instructs their bank to transfer this amount.
- The reference code is used to complete the transaction, and the bank will then transfer that amount into the merchant’s bank. In this case, the player’s bank will transfer the sum to the casino account.
Bank Transfer Withdrawal Time
As we mentioned before, the process of withdrawing is like the deposit process, but it’s essential to keep in mind that while deposits are usually immediate, withdrawals are not.
The withdrawal timeframe always varies from one Bank Transfer casino to another, but at Betiton UK, we aim to process your withdrawal request within two business days. In some cases, it can take up to six business days for you to receive your winnings in your bank account.
Bank Transfer Casino Payment Limits
Unlike other casino banking options, the payment limits that apply aren’t so clear, and this is because it all depends on your bank. There are also the casino’s limits to keep in mind, but we also recommend checking with your bank what your payment limits will be when it comes to transferring money into your casino account and withdrawing it too.
At Betiton Online, a few payment limits apply when using any of the support banking options on our site. As mentioned before, the minimum you can transfer into your Betiton account is always £10, while the maximum is £7,000 per month. For withdrawals, the minimum that applies to all withdrawal methods is always £10, which means you’ll need to have this amount or more before requesting a cash out.
Your bank will then determine if there are any additional limits to be aware of, especially regarding deposits. Most banks limit how much you can transfer at once, and there might also be fees involved every time you make a Bank Transfer.
Advantages of Betting with Bank Transfer
Numerous advantages come with betting with Bank Transfer. Otherwise, you wouldn’t find this banking option at our casino. That’s not to say that there aren’t a few drawbacks too, but we’ll take a look at the highlights that come with this payment method before diving into the full details.
- Bank transfers have minimal or zero fees.
- It’s one of the most widely accepted payment methods worldwide, including the UK.
- Bank transfers are highly safe and reliable, protected by your bank’s security measures.
- It’s one of the easiest banking methods for new casino players to get started with.
- Strict verification requirements will eliminate the risk of fraud and identity theft.
Very Secure Payment Method
Any Bank Transfer transaction is protected by your bank’s verification process and other security measures like SSL encryption, two-factor authentication, and anti-fraud measures. Although you’re providing your bank details, you won’t need to worry about security because, in most cases, your bank will reimburse you if you’ve been scammed when transferring money via Bank Transfer.
At Betiton, a deposit by Bank Transfer casino, you can have peace of mind that your transaction is always safe because our platform is licensed and regulated by the UK Gambling Commission. This means that this regulatory body always protects your funds and rights as a player.
It’s easy to find a casino that accepts Bank Transfers within the UK, but another advantage is that it’s also widely available internationally. If you want to transfer money to another type of merchant outside of the UK, you can still use this payment option to transfer or receive a payment securely.
High Withdrawal Limits
For many British gamblers, the high withdrawal limits that come with a casino that accepts Bank Transfer transactions is another plus. Although every casino – including Betiton UK – has its own withdrawal limits, which you can learn more about by reading the withdrawal policy, banks usually have high withdrawal limits.
Compared to alternative casino banking methods, you’ll notice that you can enjoy higher limits when using the Bank Transfer option. Some e-wallets, for example, have low withdrawal limits unless you go through an extended verification process or pay higher fees. Prepaid cards are also limiting when it comes to deposits because you can usually purchase them in relatively small amounts, such as a maximum of £100, for example.
No Need to Download Apps or Create New Accounts
One of the biggest perks of using a Bank Transfer is that you can keep things simple and straightforward. You don’t need to sign up for any accounts with third-party payment systems as you would if you were using an e-wallet, for example. If you already have your online banking details, there are no more registrations or verification processes to go through.
Some players prefer to have a third party or ‘middleman’ between their bank and their casino, which is why e-wallets like Skrill and PayPal are so popular, but others are happy to make a direct transfer and keep things even simpler.
Additionally, with Bank Transfers, the only app you’ll need is your bank’s app, which you’ve probably already downloaded on your phone if you use your bank’s online services. There’s no need for additional apps that will take up space on your phone.
Rather Easy to Use
An online casino Bank Transfer is one of the easiest casino payment methods available in the UK. You might have already tried a Bank Transfer to send money to another merchant or even a friend, in which case the process will be familiar.
If you have online banking details, transferring money to and from your bank account and casino account is effortless using a Bank Transfer.
Disadvantages of Betting with Bank Transfer
We’ve gone over several advantages of betting with Bank Transfer in the UK. Still, as always, our casino payment guide would only be complete with giving you a full picture of what it’s like to use a specific casino payment method.
Below, we’ve highlighted the most significant drawbacks that we think you should be aware of to make an informed decision about the Bank Transfer payment method.
Unfortunately, a Bank Transfer casino UK will typically have the slowest way to get your winnings. If you visit any other casino Bank Transfer site in the UK, you’ll also notice that the longest processing times are for the Bank Transfer option. This is where e-wallets tend to shine, as they offer the fastest way of cashing out any winnings.
Bank Details Required
The most significant disadvantage of using a Bank Transfer is that your bank details are required to complete the transaction and there is no way to make it anonymous. Providing bank details is usually a concern for players who prefer to keep their gambling transactions private. It’s also a concern for many people when it comes to applying for a loan or mortgage because one of the first things that banks check for are gambling transactions within the past few months.
The only way to avoid revealing your bank details on a casino site is to choose an alternative payment method that doesn’t require your online banking ID or even your debit card number. If using your bank details is a major concern for you, we recommend considering alternatives like e-wallets or prepaid cards at Betiton UK.
Possible Bank Fees
Bank fees are another downside you’ll want to consider before you start playing at a casino accepting Bank Transfer transactions. We recommend checking these fees by visiting your bank’s website or contacting Customer Support first because they’re generally minimal fees. Most casino payment methods come with minimal fees anyway, so it shouldn’t be the sole reason to dismiss Bank Transfer as a possible casino payment option.
Other Payment Method Guides
If this payment method isn’t right for you, you’ll be glad to know that we offer a slew of other payment methods as well. You can find all of our payment method guides here:
- AstroPay casino
- Mastercard casino
- Visa casino
- Skrill casino
- PayPal casino
- Trustly casino
- MuchBetter casino
- paysafecard casino
FAQs About Bank Transfer
Can you bank transfer to a casino?
Yes, a Bank Transfer is actually one of the most common payment options at an online casino in the UK. It’s not the most popular choice for casino deposits since it offers no anonymity. However, thousands of British players still choose a Bank Transfer because it’s a very easy and secure option.
Can banks block gambling transactions?
No, banks don’t generally block gambling transactions, but you can do so yourself if you’re worried about your gambling habits or simply want to limit how much you spend on gambling. It would be best if you also kept in mind that although your bank won’t block a gambling transaction, it might be taken into consideration when applying for a mortgage, for example.
Do you need ID to withdraw money from a casino?
Yes, to withdraw money from a licensed online casino, you will need to provide some form of identity verification first. Providing this information is part of the KYC process that online casinos like Betiton UK must conduct for every customer before transactions can happen on the site.
Do casinos take debit cards?
Yes, UK casinos can accept debit cards for both deposits and withdrawals. However, credit cards can’t be used for casino transactions in the UK due to the most recent gambling laws and regulations. The only cards that an online casino can accept are debit cards and prepaid cards.
Is there any risk with bank transfer?
The risks of transferring money via Bank Transfer at an online casino are very minimal, especially if you choose a reputable online casino like Betiton. Bank Transfers are very safe because there are strict verification requirements in place that are there to prevent the possibility of identity theft, fraud, and money laundering.
Is bank transfer the same as wire transfer?
No, although the two are similar to each other, a Bank Transfer is not the same as a Wire Transfer. The first is a transfer from one domestic bank account to another, and it’s usually completed very quickly. On the other hand, a Wire Transfer is used to transfer money to a bank account outside of the country, and the processing time is significantly longer.
Is a SEPA transfer the same as a bank transfer?
Not exactly. A SEPA transfer stands for ‘Single Euro Payments Area’, a type of Bank Transfer that allows you to make cross-border transactions within countries that use Euros as their currency. Although the UK is no longer a part of the European Union, it’s still a member of SEPA.
Is a bank transfer safe?
Yes, Bank Transfers are very safe because they’re subject to all your bank’s verification processes and protected by their security measures too.
Is a bank transfer instant?
Bank Transfers aren’t always instant, but there is the option to use a Fast Bank Transfer or Instant Bank Transfer, which will make the transaction instant. For example, most online casinos, including Betiton UK, allow you to make an Instant Bank Transfer to use your deposit immediately once the transaction is complete.
What is the difference between wire transfer and SWIFT transfer?
A Wire Transfer and a Swift Transfer are both international Bank Transfers. Still, a Wire Transfer typically involves an agency which is responsible for handling the transfer between your bank and the bank you want to transfer money to. SWIFT stands for ‘Society for Worldwide Interbank Financial Telecommunication’ and refers to all the banks that are part of this network that allows customers to make Bank Transfers locally and internationally.
What is a beneficiary in banking?
The beneficiary in a Bank Transfer is the person or merchant you’re sending money to. In the case of Bank Transfer gambling, the beneficiary would be the online casino of your choice.
How long does a bank transfer take?
The processing time for a Bank Transfer can vary from one bank to another, but they are usually processed quite fast. Betiton Bank Transfer Casino transactions should appear in your account immediately, while withdrawals can take up to a maximum of six working days.
What details are needed for a bank transfer?
To make a Bank Transfer, you will need the beneficiary’s bank account details and a unique reference code to complete the transaction.