Are Bank Transfers Fast for Payouts?

Jenn Clarke
Jenn ClarkeJanuary 14, 2022
Are Bank Transfers Fast for Payouts
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As a gambler in the United States, you will have the ability to manage a casino account using a bank transfer. This is a safe and secure method of payment and it is accepted at every operating US site. You will even be able to use this option if you are playing at an offshore casino.

Aside from being able to conduct instant deposits, bank transfers can also be used to remove funds from a casino account. While they are not the fastest options available, transfers do provide enhanced security measures and you can be sure your money will be transferred right to your bank account. In case fast payout of winning is important to you then make sure to play at instant withdrawal casinos that allow the quickest transfers.

How to Conduct a Withdrawal

After you have won payouts from supported casino games, you will be able to request a withdrawal from your account. To do this, you just have to access the cashier and select bank transfer as the option. If you have used this method to deposit, you just have to enter how much you wish to withdraw and complete the transaction.

If another method was used for deposit and you are removing funds via a transfer, you will have to provide the casino with your bank details. This will include the account and routing number of the account. Once the correct details have been entered, you can choose your withdrawal amount and proceed with the withdrawal.

Keep in mind that all online casinos will have a minimum and maximum payout limit. You must request at least the minimum amount to conduct a successful withdrawal. Maximum limits will be set daily, weekly, or monthly.

This is normally found in the online casinos 'terms and conditions' section.

Goldwin Online casino payout limit and terms and conditions

Speed of Transaction

As a player, you will want to know how quickly you will receive your winnings from a casino. The time can vary and will be largely based on how long it takes to approve the request. Each casino will have a pending period where the request is reviewed and then approved. This can take anywhere from 24 hours to a few days.

After the casino has completed its review and has approved your payment, the funds will be sent directly to the bank account. It can take a few days for the money to appear in your account and be reflected on your statement. The time will depend on the bank you are using. Most bank transfers are completed within 3 to 5 days after funds have been released from the casino account.

Bank Transfer Alternatives

If you are looking for a faster way to receive your money, there are other payment options that may be a better choice. Online casinos always provide members with a list of available methods and you can choose from these when you register an account. When making a withdrawal, the best options will be cryptocurrencies like Bitcoin, Ethereum, or Litecoin. These payments will be processed in less than 24 hours and are usually completed in a matter of minutes.

An e-wallet service like PayPal, Skrill, or Neteller is also great options for US gamblers. As trusted services, you will benefit from secure processing in less than 24 hours. Ewallet payments are free from charges and you will find they are one of the preferred options for many US gamblers.

If you have used a bank transfer to fund your casino account, you must use this same method for withdrawals. For those that want faster payout options, consider making your deposit with crypto or e-wallet so you can enjoy faster withdrawals while still having top-notch protection.

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Author Jenn Clarke

Jenn began an exciting journey in the iGaming industry more than 10 years ago as a content writer for various online affiliate sites, among these CasinoVibez. With a growing passion for gaming and an interest in the legal lands... Read more about the author

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Last updated: January 14, 2022