Online banking, also known as Internet banking or Web banking, is a system that enables customers to perform bank transactions over the Internet from the comfort of their home or any other place where they have a secure internet connection. What makes online banking such a convenient option is that the customer is allowed to complete transactions without going to the local bank branch.
Every reputable bank institution offers online banking options to its customers and enables them to pay bills, make transfers between two accounts, process stop payment requests, make deposits.
A transaction can be initiated at any time as you have access to your bank details 24/7. However, if you make a deposit request after the working hours of your bank, it will be processed on the next business day. It is important to note that while some banks enable their customers to take advantage of online banking or go to the physical branch, some others operate through the Internet only.
You can give it a try for just $10 minimum deposit.
Creating an Account
In order to gain access to your bank information through the Internet, you have to go to the webpage of the bank you have an account with and complete the registration form. You will be supposed to enter your personal details as well as your card number. You will not be able to start using your account instantly, though as it needs to be verified. Sometimes, it is necessary to make a trip to the local branch of your bank in order to receive a username and password or instructions on how to activate your account. Yet, you have to familiarize yourself with the requirements for opening an online banking account of your bank.
Once your account is verified, you will be able to make payments and deposit funds to your online casino account as well. In order to do that, you need to make sure the bank you have an account with processes transactions to gambling-related websites. Then, you are supposed to log into your account and choose online banking transfer from the list of available payment options.
The sum you have deposited should be instantly deducted from the balance and the transaction is usually completed on the same business day and you are enabled to place your bets.
You can easily withdraw your casino winnings directly to your debit or credit card. Choose withdrawal and follow the instructions. If you have never withdrawn winnings before, you will most probably be required to enter some additional bank details. Once the procedure is over, it may take a few days until you see your winnings in your bank account.
Apart from being convenient, online banking is a really secure payment method due to a variety of reasons. First of all, depositing and withdrawing money from and to an online casino should be regarded as a standard procedure. Plus, before affiliating with a certain casino, each and every bank institution conducts thorough checking procedures in order to ensure its customers’ safety. For additional security, you can also take advantage of the so – called token if your bank offers it. This is a one-off PIN you enter in order to access your funds. Yet, in most cases it is a subject to additional charges but it depends on your bank policy.
Even if you do not want to use a token token, online banking has a high level of security and your information will not be shared with third parties. Even the recipient sees only basic details such as your name and the last digits of your debit card.