Casino Banking Explained (Full FAQ)

Questions about casino banking? We have the answers...
Loading
Any savvy gambler will know their stuff when it comes to casino banking. It forms such an essential part of the experience. And it's worth weighing up your options to find a payment method that works for you - not against.

For example - do you want to take advantage of lots of bonuses? Then you may want to avoid casino payment methods like Skrill or Neteller. Perhaps you want total anonymity? Cryptocurrency is your best bet.

In this section of the site, we answer the most common casino banking questions. With this knowledge, you will be able to make a better-informed decision when you choose your next deposit option.


Online Casino Banking: Common Questions

What is a bankroll?

A bankroll is your available cash balance at an online casino. Bankroll usually refers to your real cash balance and not your available bonus funds.

What deposit options do I have at a casino?

There is a vast range of payment options available to make deposits at online casinos. Each site will have a list of what they accept in the footer of the site. The brand may also have a page dedicated to payments. If a method isn't listed, then chances are the site won't accept it.
Some of the most popular options for making deposits include:

Why can't Skrill and Neteller deposits claim casino bonuses?

These e-wallet methods have a high fraud ratio - so casinos have stopped awarding bonuses for these methods. You will find some casinos that actually have a blanket e-wallet policy. These brands will not even award bonuses to PayPal.

Can I make a casino deposit using an overdraft?

Yes, you can make a deposit using your overdraft balance. This could be subject to change in the future. The UKGC announced in 2019 that they would hold a consultant around gambling with credit balances.

Can you deposit at a casino using a credit card?

You can make a deposit using a credit card at a casino. Keep in mind that credit card deposits may incur fees from your credit provider. If there are fees attached to gambling deposits, then these can be found in your original credit agreement.

What is the fastest payment method at a casino?

E-wallet payments are often considered to be the fastest. A deposit to an e-wallet can sometimes take a day maximum. E-wallets are faster as there are no external checks made - unlike traditional card and bank account options.

What is the slowest casino banking method?

Withdrawing to a bank account or card can take up to 10 days. This is due to extra checks the banks make behind the scene.

Is depositing at an online casino safe?

Yes, it is. As long as you are playing at a regulated site. Regulated casinos use modern cryptology technology like SSL (Secure Sockets Layer) to encrypt and secure your details. By playing at an unregulated casino, you leave yourself open for cybercriminals to steal your details.

How long does a casino withdrawal take?

There are a number of factors to take into consideration when it comes to withdrawal times. For a start, each brand processes withdrawals at different speeds. The method you withdraw to will also impact the withdrawal times. To find out the withdrawal times at a site, consult the sites banking page.

What is the minimum deposit at a casino?

This is a value set by the casino - so there isn't a single minimum deposit for all sites. The minimum deposit of a bonus also doesn't necessarily match the minimum deposit of a site. To find out what the min deposit is - consult the casinos banking page or the terms and conditions.

Can you gamble using PayPal?

Yes, you can use PayPal to gamble - it's one of the most popular options available. Not only is it secure - but its also fast to withdraw to a PayPal account.

Can you gamble with Bitcoin?

Yes, you can. Bitcoin has become a popular depositing option for discrete casino players as it offers 100% anonymity. It's also extremely secure to deposit with this method. The only downside to Bitcoin is the slow processing speeds.

What is the lowest deposit amount at an online casino?

You can deposit as little as £1 at certain online casinos. Pay by phone casino sites usually, have the option to deposit just a £1.

What is the maximum deposit at a casino?

The maximum limit you can deposit can be found on the banking page at your chosen casino. High roller casinos have a tendency to let gamblers deposit thousands.

Can I use a bank transfer to deposit?

Yes, you can. It's among the safest methods to deposit at a casino. But it can take a period of time before the funds finally hit your account.

Are there fees for withdrawing from a casino?

There are some sites that do have a withdrawal fee policy. Especially around certain payment methods. This will be clearly explained on their financial or relevant banking page. You may also be prompted in the cashier when you go to withdraw.

What is Paysafecard?

This is a popular pre-paid card banking method that is accepted at the majority of online casinos. This card needs to be topped up in order to be used, making it a fantastic option if you wish to control your budget. Topping up the card can be done online or in select stores.

Can you withdraw using all banking methods?

Not always. Once again, different casinos have different requirements. For more information, consult the banking page.


Upcoming Events

21 October 2020

  • Betwinner Daily Drops & Wins: €/$2,000,000 in daily draws and weekly tournaments
  • -
  • Slots

11 November 2020

  • Win Samsung Galaxy Tech 📱 Exclusive lottery at Betwinner
  • -
  • Slots

13 November 2020

  • £2 million Jackpot Blizzard ⛄ Exclusive to Casumo Casino
  • -
  • Slots

17 November 2020

  • Christmas Level Up Adventure ⬆⛄ Win €50,000 in prizes + Luxury Italian Vacation
  • -
  • Slots

23 November 2020

  • Win a Tesla Model 3 with Bitstarz Casino 🎅
  • -
  • Slots

27 November 2020

  • Golden Osiris Slot Launch 💎 Exclusive at Casumo!
  • -
  • Slots

01 December 2020

  • Christmas Casino Bonus Codes 🎁 £1,500 + 360 Free Spins
  • -
  • Slots
  • Open your Betzest Advent Calendar - Win Apple Gadgets & Thousands of free spins! 🎁
  • -
  • Slots
  • Open your Advent Calendar for new daily offers 🎁
  • -
  • Slots

Latest Payment Methods Articles