Bank Transfer as a payment method at the Casinonic casino

If you are one of such players who are not too well versed in modern technologies or do not want third parties to be involved in making payments, then a bank transfer will always be the safest option for you when replenishing a game account in the Casinonic online casino. When using this method of payment in a casino, you will need to confirm your bank account, and your bank will always be able to contact you if suspicious activity is noticed in your account. Thus, you cannot worry about security.

Players can make deposits and withdraw winnings by bank transfer, the only drawback of which is that some time will elapse between the request for depositing or withdrawing funds and actual transfer to the player’s account. It completely depends on the player’s bank and usually takes 3 to 5 business days. Despite the low processing speed of payments, a bank transfer is used in casinos that have a good reputation and have a high level of security, which eliminates the possibility of third-party interference and the ability to track your actions.

For players who want to be sure that their funds will be credited without causing them problems, a bank transfer is one of the best options.

How does bank transfer work?

1. Register in the online banking system. Firstly, you will need to make sure that you can use online banking at your bank. At present, when opening your bank account, a representative of your bank should offer assistance in creating an online profile. If you already have a bank account, but you are not yet registered in the online banking system, you can perform one of the following actions:

• Go to your bank’s website and search for Internet banking services, then choose to register an online profile, and then follow the instructions that the system will provide you. For the final verification of your profile, you can contact a representative of the banking customer support service by phone, or visit your local bank branch.
• If you are not sure of anything, call your bank support representative and someone from the support team will definitely tell you what you need to do.

TIP: if you have several bank accounts in one bank, ask to link all your accounts with one online profile to ensure convenient management of your bank accounts.

1. Provide recipient data. Before making a transaction, the bank details of the respective recipient must be entered in your payment profile together with the bank SWIFT code if it is located outside your country. Once this is done, it will be possible to make a payment.

Fees

Banks always charge fees during various transactions. Each bank has own fees and commissions during transactions to one recipient or another. So get ready to pay some money when using this payment method.

IMPORTANT! Be sure to check what fees for processing the payment will be withdrawn from you before the completion of the bank transfer operation, since these services may involve large transaction fees. The fees charged vary depending on the bank and the country through which the payment passes. Fortunately, high competition among banks usually means that commissions will not be high.

Starting from 2009, the activities of banks in the European Union are strictly regulated to avoid significant overpayments. All money transfers within the EU are the same as transfers within the country, however, if necessary, the recipient bank may charge a fee for the exchange or currency conversion.

Bank transfer fees in the United States are extremely high, although they are regulated by federal bodies. Domestic transfer fees around $25.

Deposit and withdrawal of funds

Deposit. Using this payment method to make payments on the Casinonic (as well as any other casino) can be time-consuming. After you submit the amount of money transfer, you will not be able to enjoy the game until the money is credited to the gaming account in the casino. When the funds arrive in the game account, you will receive a confirmation email from the Casinonic casino. This can take on average up to 3-5 days from the moment the transfer is initiated, and in some cases, it can take a longer amount of time. To make a deposit you will need:

• Go to the payment page on the site and select a bank transfer. As a rule, you will be redirected to a page where you can choose your country or bank from the available list.
• Choose your bank.
• Log in to your online profile inside of the banking system.
• Indicate the payment details of the casino (be sure to use the code that will be provided to you in the payment notification).
• Make a payment.
• Expect from 3 to 5 days to receive confirmation from the casino about receiving funds.
• Start gambling.

Withdrawal of funds

You can cash out your winnings with this method as well. As in the case of making a deposit in a casino, you will have to wait 3-5 days and only then you will get the money.

How to withdraw money:

• Go to the payout page
• Choose bank transfer
• Choose your bank from the list
• Follow the instructions

Security of the payment method

1. In the case of non-cash bank transfers, each account holder must confirm his identity, which helps prevent fraudulent activities.
2. The information contained in the parameters of online forms of cashless bank transfers is subject to multilevel encryption.
3. Bank transfers are often safer than other forms of online payments, since your sensitive data needs to be entered only once when setting up a bank profile, and there is no need to use them on several platforms. This minimizes the risk of information leakage.
4. However, transfers using SWIFT and IBAN numbers are far from free, since each intermediary bank that processes transfers from your bank to the beneficiary's bank may charge fees without notifying the parties. In some cases, funds can go through several banks at once before they reach their destination, which will lead to exorbitantly high bank fees. The European Union offers partial protection against such cases, but cannot completely eliminate costs.