Australians can make make bank transfers to online casinos in 2019, although it will be to an overseas bank account, not to a bank in this country. Realistically you can be playing online with your funded casino account within 72 hours. Unfortunately instant bank transfers to casino sites were a casualty of the updated gambling laws in Australia. Instead you can make bank transfers to real money bank accounts held by the online casino, usually in the country they are licensed. With many of the biggest gambling brands no longer serving online pokies to Australians, OnlinePokieGame recommends the following online casinos for AUD bank transfers:
Best online casinos for safe bank deposits
Bank transfers to AUD online pokies sites
The main thing to be mindful of is the biggest con of choosing direct bank deposits: the delayed processing time. Unlike other deposit methods like credit cards, debit cards, web wallets and e-vouchers which are available to use instantly, bank transfers can have lengthy waiting periods of up to a few days. The processing times vary between venues and will depend partly on your financial institution, but to give you an example of how long you may need to wait, here are the bank transfer processing times at some of our top-rated online casinos:
- Kahuna Casino – up to 72 hours
- Much Vegas Casino – up to three business days
- Joka Room – three to five business days
- Emu Casino – three to five business days
Another downside of using bank transfers is if you’re making a wire transfer there may be some associated costs. Wire transfers can cost upwards of $20 depending on the currency you’re using and the amount of money you’re transferring.
Despite these undesirable drawbacks, the biggest advantage of choosing a direct bank transfer is you’re entirely supported by the unrivalled security systems used by your trusted financial institution. Major banks have every possible security measure in place to ensure complete protection of customers, so choosing to make a bank transfer will certainly provide peace of mind in knowing your financial details are protected at all times.
Of course it’s also worth noting that all of our recommended casinos are protected by the highest level of digital SSL security encryption akin to that used by online banks, so whether you choose to use a direct bank transfer or other payment option like a credit card your personal details will always be secure.
How do direct bank transfers work?
To make a direct bank deposit, sign into your casino account and select ‘direct bank transfer’ within the cashier section. You’ll be asked which country you wish to make the deposit from and once you make your selection, you’ll be given the relevant banking details needed to make your transfer including the casino BSB, account number, bank address, institution number and SWIFT code.
Armed with these details, you then have the choice of how you want to make your transfer. You can either log into your online banking system to make the payment just like you would when paying any other bill online, by calling your phone banking and following the prompts to make the transfer, or by bringing the casino banking details into a physical bank location to have a cashier process the transaction for you. Once you’ve made the transfer you’ll need to wait the designated amount of time before the payment is processed and funds hit your casino account.
Alternative bank transfer options
If you’re adamant on using your bank account to fund your pokies play but are put off by the long processing times, you may want to consider a trusted web wallet like Skrill or Neteller. These online payment systems allow you to transfers funds direct from your bank account but with the help of a middle man.
Bank transfer Q and A
If i’m in the UK can I make bank transfers to online casinos instantly? Where you are based will depend on the way you make online casino bank transfer deposits. If there is regulated online gambling there is every chance the online slots site will have a bank account in the country you are in. This means you can, depending on the level of banking in your country, theoretically do online bank transfers instantly to online casinos.
Why do no online casinos hold Australian bank accounts? In 2017 the Australian government banned online casinos, updating the laws surrounding the IGA. This meant many reputable brands like Royal Vegas Casino, Leo Vegas, Jackpot City and many more withdrew from this market. It also meant greater scrutiny was placed on banks who had previously allowed these gambling companies, who were doing nothing legally wrong, to hold bank accounts. So, until the laws change, online casino bank transfers will have to be made to accounts held in offshore locations.
What is the maximum limit of a casino bank transfer? Online pokies bank transfers can be pretty much made for any amount, although you will have to agree with the online casino before you deposit some huge amount of real money. We can’t stress enough how important it is to do your homework before depositing a large sum of Aussie dollars to an online casino. The gambling landscape in Australia is more dangerous than ever before.