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With a bank transfer, you transfer money from your account to the casino account. This payment option is very accessible because you don’t need to create an account somewhere or have an app.

Paying by traditional bank transfer at an online casino has several advantages. First of all, the method is very secure. There is no intermediary (except the bank itself) who gets to see your personal information or bank details. The downside of a bank transfer is that it is considered one of the slowest payment methods.

How fast to deposit and pay with bank transfer

Do you want to transfer money to an online casino by wire transfer? Then the processing time can take from 1 to 5 working days. This is because, in most cases, you will be transferring the money to a foreign bank account (probably an account in Malta). Besides, the bank is likely to charge additional fees for this. If you would like to have your money paid out, it may take a few working days before the money is in your account. In some casinos, however, the bank transfer is the only method of payment.

Direct Bank Transfer History

Banks have always been present in one form or another since ancient times. While society knew borrowers before the ancient Roman Empire, the Romans were the first to exchange money and accept deposits. More advances in banking were made in the 16th and 17th centuries. We now know that modern banking developed during the 20th century with the addition of computers and telecommunications.

The first electronic payment system was developed in the 1970s, and the SWIFT payment network was established in 1973. As technological advances continued, the first decade of the 21st century brought a dramatic turnaround from traditional banking to internet banking.

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