Checks are not the fastest ways to transfer funds to and from an online casino, and it’s not as convenient as using an online-payment option or a credit card. However, if you have money at a casino that doesn’t accept the credit card you use, a check might be the best option when you wish to make a withdrawal
There are not many online gamblers that make use of the check payment method provided by online casinos but there are those that swear by it. For many, there is still a lot to be worried about when using online banking methods such as web wallets and credit cards and, as safe as they are, they still prefer to keep the internet out of it when depositing or withdrawing money. If you need a little help of advice about the ins and outs of banking with checks and bank drafts, we can help.
Checks Vs Bank Drafts
A check differs from a bank draft in that a check belongs to you personally and the money will be withdrawn directly from your account. A bank draft, in essence, belongs to the bank and should you want or need one, you will need to first pay for one. Unlike a traditional check, when using a bank draft, the bank will pay the money and then redeem the funds from your account at a later stage, much like it is when using a money order. Both forms of payment take more or less the same time to process, usually within 5 – 10 banking days but the advantage of a bank draft is that it’s more widely accepted as it is nigh on impossible to forge a bank draft.
Depositing With Checks
Before you rush out and use a check, you must know that many online casinos will offer the check as a withdrawal option but there are many that will allow it as a deposit option. If you wish to make a deposit, you will need to get all casino details from the accounts or cashiers page and then fill out the check accordingly. If you want to make a withdrawal, you can select the option from the cashier page, choose the amount you wish to withdrawal and whether you want it sent by normal post or whether you want it to be couriered. Couriered checks are usually a little quicker and safer than normal post, depending on your location, but you will have to pay for it, usually the amount will be deducted from your withdrawal amount.
One important thing to remember when using checks to withdraw money from your casino account is the fluctuating exchange rates. The amount you receive will be judged according to the exchange rate at the time of withdrawal. If you’re looking for the best casinos that offer the check payment option, you can have a look at the ones below.
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