Online Banking Casino Guide

Online Banking Casino Guide

Funding your online casino account through online banking has advantages and disadvantages. One thing is for sure; it is a complicated process; more complex when compared with other methods. If you are thinking of using online banking to fund your online casino account, you have come to the right place. In this Online Banking casino guide, you’ll learn how to deposit and withdraw funds from your casino account via online banking. We also list the best online casino sites in India that accept bank transfers. We have created exclusive guides for deposits and withdrawals via online banking. Without any further ado, let’s get right into our online banking casino guide.

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Online Banking Pros & Cons

Pros

  • The fund transfer is instant via Unified Payments Interface (UPI).
  • The deposit is free of charge.
  • The process is easy and less complicated compared to before.
  • It is secure and safe as the Reserve Bank of India regulates banking institutions.
  • Most online casinos accept bank transfers.

Cons

  • You need to have a bank account before you are able to activate the online baking feature.
  • Not all banking institutions can be used for online banking. In India, there are about 20 banks that participated in the UPI system. If your bank is not one of them and you are a casino player, you might as well consider opening an account to another bank. That way, you can fund your online casino account through an online bank transfer.

How to Open a Bank Account in India?

Opening a bank account in India is not a complicated process. When selecting a bank account in India, it would be best to go for bigger and highly reputable banks like Axis Bank and ICICI Bank. These banking institutions have modern online banking features that are advantageous for people who wish to use net banking in funding their online casino account. Visit your preferred bank, although there are banks that let you open an account online. The bank account’s welcome package will be delivered to your doorsteps. If you open the kit, you will find your customer number, which is essential in activating the online banking features.

Open a Bank Account

Enabling online banking features

This part is done online. It is an important step you should not miss, especially if you will use online banking in funding your online casino account.

  • Go to your bank’s official website.
  • On the homepage, you will find “login”. Click on the login button and click “register.”
  • Provide all the necessary information, such as your customer identification and personal phone number. You will also key in your personal password. Keep in mind those details as you will need to log them on to access your bank’s online baking feature.
  • You will receive a notification that you already created an online banking account. However, it is not instant and would typically take 1 to 7 business days. So, you got to need to have some patience.
  • After such time, you will receive an email confirmation that your account is ready. You will receive an invite to login and test your understanding.

How to Deposit funds in online casino via Online Banking

Now that your online banking is fully activated, you are now ready to take the next step, which is to fund your online casino account. Make sure your bank account has ample funds so you can transfer money from your bank to your casino account. Choose an online casino that accepts online banking. It is a no-brainer as online banking is widely accepted not only in casinos in India but in other parts of the world. The deposit process is simple and straightforward. It will only take you a few minutes to transfer funds and start playing your favorite casino games. Just follow our step-by-step guide on how to deposit money in your account via Online Banking.

  • Go to the lobby and click on the Deposit button.

Online Banking Deposit Guide 01

  • A new page will open up where you can see all the deposit methods available for you such as VISA, Skrill, Astropay, Paysafecard, and Neteller. Click on the ”Bank Transfer” option.

Online Banking Deposit Guide 02

  • Now, enter your bank account information and the amount you wish to add. The minimum deposit is Rs. 500.

Online Banking Deposit Guide 03

  • You can see all the details regarding the payment. Make the transfer and when done, click on the ”Confirm” button. Your deposit will be credited to your account instantly.

Online Banking Deposit Guide 04

How to Withdraw from online casino via Online Banking

Withdrawing funds from your casino account is a very easy task. Make sure that your identity is verified before you can request a withdrawal. The minimum amount to withdraw differs in every casino. We’ll take you through our step-by-step guide on how to withdraw your funds via online banking.

  • Go to your profile and click on the ”Withdrawal” button.

Online Banking Withdrawal Guide 01

  • You will be redirected to a page where you can see all the payment options. Click on the ”Bank Transfer” option.

Online Banking Withdrawal Guide 02

  • Now, enter your bank account details and the amount you wish to take out. Then, click on ”Confirm”. Your withdrawal request will be processed in due time and you will receive your funds in a couple of days.

Online Banking Withdrawal Guide 03

How Secure is Online Banking as a Payment Method?

Online banking is one of the safest methods to use in online casinos. All banks are regulated by the Reserve Bank of India so you can rest easy that your information is completely safe. Even in any case of fraudulent activity, you can call your bank and have the issue sorted out immediately. Online casinos take the security and privacy of their players very seriously. You can rest assured that your bank details are completely safe with the casino.

Online Banking Fees

There are no fees associated with bank transfers. All transactions are free of charge. This is a major advantage of using online banking to deposit funds into your casino account.

Frequently Asked Questions

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If you compare online banking with other deposit options like e-Wallet, you will notice that online banking is complicated. however, banking institutions have done an excellent job making the process a bit lenient and easy for Indian clients. If you already have an existing bank account, try using it the next time you deposit in your online casino account. The process is less complicated, secure, and cheap.

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There is no definite amount as it depends on the online casino and the bank itself. Every online casino and banking institution has its own set of rules, especially on the minimum and maximum amount you can transfer in your casino account. In an online casino like 1xBet, the minimum amount is 2,000 Rupees, and the maximum amount is 1 lakh.

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When safety is your number one priority, be glad to know that online banking won’t disappoint you. It is one of the safest and secure ways of funding your online casino account. The Reserve Bank of India regulates banks in India. They strictly adhere to the rules set by the governing bodies in handling their clients’ fund.

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What’s nice about using online banking in funding your casino account is that it is free. However, a few online casinos charge a very minimal fee when you use online banking. Before you initiate your deposit, you would see if there’s a fee or not and whether you would want to continue.

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Well, it does not take that long for the money to reflect in your online casino account. The Unified Payment Interface (UPI) has made all fund transfer from online banking to online casino instant. It means that when you click the confirm button, the money will be transferred into your casino account real-time.

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There is nothing to worry about, as the process is legal. You need to keep in mind that not all banks in India allow funds transfer to casinos. So, you have to do your research ahead of time and deal only with banks that allow online gambling.

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Unfortunately, bank transfers are not instant. It can take up to 5-7 days for the amount to reach you.

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Some Indian banks does not accept money from gambling sites. In that case, you may have to use a different bank. Some of the banks who don't accept funds from casino sites are: ICICI Bank, IDBI Bank, HDFC Bank and AXIS Bank.

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Yes, in order to withdraw using this method, you should verify your casino account before requesting a withdrawal. Simply upload official documents to verify your identity and address.

Conclusion

If you are one of those people who are not very tech-savvy or who do not want to try any new payment methods via third-party providers, then conventional bank transfer is still the safest option when making a deposit at an online casino. Not only because you use your own bank account, but also because your bank can contact you directly if any fraudulent activity takes place. So you can rest easy that you are always in good hands.

You can deposit and withdraw funds via bank transfer. The only downside is that there is always a small time frame between depositing or withdrawing funds and receiving the funds in your account. That depends entirely on your bank and typically takes 1 to 5 working days. Although the bank transfer method is a bit slow, it is widely used at all reputable online casinos and can be used safely without any problem. Also, most online casinos are encrypted. For players who want to make sure their money arrives without a hitch, a traditional bank transfer is ideal and one of the best methods to deposit in an online casino.