Of all the casino payment options found online, the one that has stood the test of time is the direct bank transfer. This was the original method to pay for goods and services in New Zealand, and is still commonly used for casino deposits and cashouts today. While the number of online payment options has certainly increased, for players just starting out, paying by direct transfer takes all the worry out of funding your account. Since your financial institution completes the transaction, you can be sure the funds end up where they need to be. While bank transfers aren’t the go to banking option for players when it comes to online casino banking in NZ, they are sometimes the only choice, this factor is obviously dependent on the online casino your choose to play at, where popular casinos offer up a variety of safe and secure deposit and withdrawals options like Jackpot City Casino NZ. A huge plus with choosing direct bank transfer as your option is that you can transfer large amounts between your bank account to your casino account and vice versa.
Top Direct Transfer Casinos
Here are a few of our top picks for casinos that offer bank transfer as a deposit and withdrawal option
How to Make a Direct Bank Transfer
If you want to fund your online or mobile casino account by direct bank transfer, the first step is to get the account details of the casino itself. To do this, you can log onto the casino web page and head to the banking section. In the banking section, you can click on deposits and scroll down to direct bank transfer or wire transfers. Here you will find the casinos banking details, including the SWIFT code, which you will need to give to your bank in order to do the transfer.
Once you have all the banking information, you head over to your local bank or complete the transaction via telephone banking. The bank will then organise a wire transfer directly from your account to the casinos account, with the amount you want to deposit. The bank charges a small fee for this services and it takes a few days to process. In most cases, a wire transfer will take between 5 and 7 working days. Once the transfer has cleared, your funds will reflect in your online casino account and you can start playing for real money.
Pros and Cons of Using Direct Banking
- Secure online depositing
- Safe alternative to eWallets
- High transaction limits
- NZD payments
- Most casinos accept this option
- Slow payouts from casino
- Casino might request KYC documents
Why Use Direct Bank Transfers?
With the introduction of web-wallets and pre-paid credit cards, the need for direct bank transfer deposits has pretty much disappeared. Players who are new to the online casino scene still use wire transfers as they are extremely safe and can be used to make large deposits without worrying about the payments ending up in the wrong place. While that may be the case, bank transfers are often still used as popular way to withdraw your casino winnings.
Can be used internationally when accessing your casino account abroad
Secure payments made from your bank account into your casino account
Customer service directly from your bank to help with any deposit/withdrawal issues
Some casinos don't require you to verify your casino account when using your bank account for deposits
Cashing Out Into Your Bank Account
Since web-wallets still require players to cash out into their bank accounts, most people find it easier to cash out their winnings directly into their bank account without going through a web-wallet. To cash out your winnings into your bank account, simply log onto the casino website and head to the cashier section. In the withdrawal section, click on bank withdrawals and insert your banking details. The online casino will then process the transaction and transfer the funds directly into your account. This can take anywhere from 5 to 7 working days.
Log in to the casino and check “Withdrawal” page
Choose direct bank transfer as a payment method at the relevant online casino
Type the amount you want to receive and your bank details.
Fill your information including “Purpose of Reference” and confirm the payment.
Expect a waiting period for the transaction to be processed.
Alternative banking options
If transferring your winnings using your bank account doesn't seem to be your first pick, there are a few safe and secure banking options in NZ we recommend