Online Banking At Online Casinos

Online casinos that accept bank transfers are very common, as this is a convenient method to shop, share, send, and receive money. It’s also a smart way to play at any of the 15 thriving Michigan online casinos. Read on to learn how the online banking process works for casino sites, as well as the details ing this payment method in Michigan.

Online banking casinos at a glance

All online casinos accept online banking in some form. Take a look at our top casino picks and some key online banking details:

Casino	Minimum Deposit	Cashout Limit	Payout Speed	Associated Fees
Caesars Palace Casino	$10	$10,000 maximum	Within 24 hours	None
Golden Nugget Casino	$10	$10 minimum/$60,000 maximum	Within 48 hours	None
BetMGM Casino	$10	$10 minimum/$25,000 maximum	Within 24 hours	None
FanDuel Casino	$10	$10,000 maximum	Within 48 hours	None
BetRivers Casino	$10	No maximum	Within 24 hours	None
DraftKings Casino	$5	$60,000 maximum	Within 48 hours	None
PokerStars Casino	$10	$10 minimum/$25,000 maximum	Within 48 hours	None

Note that the information above relates to Michigan only. Check with your state regulations on the related casino page to confirm deposit and withdrawal limits in your area.

Using online banking at online casinos

Online banking gives you the benefits of time and convenience when you use it at an online casino. You don’t have to worry about typing in your card numbers or bank every time you request a withdrawal or make a deposit.

Handling your money this way is also rated as one of the most secure payment methods. That’s because, no matter where you bank, it uses industry-standard encryption methods to track each transaction. The methods for transferring money using online banking s are plentiful. Let’s look at two of the most common ones.

Bank wire transfer

A bank wire transfer is a secure transaction that doesn’t actually involve the physical exchange of cash. Electronic wire transfers involve providing your number to both the sending and receiving institution and the desired amount of money you wish to transfer. Bank wire transfer online casinos work the same way.

You can make a bank wire transfer to an online casino by providing your bank number. There’s usually a fee, and it can vary depending on the size of the transfer, but the transfer itself is often instantaneous.

ACH Bank Transfer/eCheck

ACH stands for Automated Clearing House, which is a nationwide financial network used for electronic payments and money transfers. ACH online casino payments are another way to transfer money from one to another without using credit card networks or cash.

Now that we’ve covered the basics, let’s dive into the nuances of online banking at Michigan sites.

Depositing at online casinos using online banking

There’s no delay in funding your online casino deposit with your bank . After you sign up for the casino and make at least a minimum deposit, you’ll have the option to declare your deposit method, which you can usually find by clicking in the upper right-hand corner of the page. Online banking will be one of the options.

Select it, then indicate the amount of money you wish to deposit and click ‘Enter.’ This will usually trigger you to sign in and the transaction on your online bank . Once you do this, the amount will be transferred from your into your casino instantly.

Then, your will be funded and you will be ready to start playing.

Learn more about minimum deposit casinos here if you’re looking for low-stakes options

Online casino withdrawals with online banking

Withdrawals to your online banking take a little longer, depending on how fast the bank or casino payout process is. First, you’ll want to to your casino , then click on your info. Click ‘withdraw’ and enter your amount, then choose online banking as your method and choose your bank. This will trigger you to sign in and the transaction at your online bank in a separate screen.

Withdrawals can be instant at fast paying casinos, or they can take up to 48 hours at various online casino sites. Also, note to make sure you’re using your personal online banking and not a business . Most online casinos won’t accept a business as a deposit and withdrawal source.

Online banking safety and security

Security is the main reason why online banking is such a valuable online wallet option. Every transaction from your is marked and encrypted, so there’s a limited chance of it being altered without your approval. If there are ever any concerns, your bank has the tracking number to see the verified transaction.

Online banking casino troubleshooting

Online banking is a popular casino payment method for good reason, but it isn’t without bugs and issues. Here’s what some of the common problems can be and how to handle them.

Connecting bank s with casino s can be a hassle

In the past, Chase Bank, Wells Fargo and Citibank did not permit connections to online gambling sites. This has changed in recent years, but occasionally banks will make you take extra steps to your casino transactions. You may have to call your bank to allow the connection, which is a hassle, or select a different bank if you have one. This is the biggest obstacle in using online banking at online casinos.

Money isn’t being put in my online banking promptly

Most online casinos require some time, up to 48 hours, for a withdrawal to hit your online bank . For larger withdrawals ($10,000 and up), most online casinos recommend a wire transfer. Also, take note that most online casinos have limits on how much you can withdraw and receive at a given time. Either be patient, or reach out to customer if you have concerns.

Pros and cons of using online banking at online casinos

Now that we’ve gone over how online banking works and connects to your online casino , let’s talk about the advantages and disadvantages of using online banking to fund your online casino experience.