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Cost Effective Online Casino Banking Options

netellerSeeing a large chunk of your gaming bankroll being swallowed up by fees and charges imposed when you are using a certain type of banking option at an online casino is often enough to put you off playing. However, there are many cost effective depositing options and it is often the case that your country of residence is going to play a major part in whether you can find a low cost way of funding your casino account online.

It is also the case that many players are forced to pay an additional fee when they request a cash out from an online casino site, and these fees and charges will always leave a player with a sour taste in their mouth, for you are having to pay to get paid your own winnings when these fees and charges are levied on you.

Below we have compiled a range of cost effective banking options and would suggest you really do pay attention to what we are about to inform you of, for by opting to use some of these listed banking options you will often find you never have to pay any additional fees or charges to either fund your casino account online or withdraw any winnings from that account.

Debit Cards

We have never found an online casino that charges any type of fee for funding your casino account using a Debit Card, and whilst that does not mean there maybe one or two casinos that will charge you to use Debit Cards to fund your account, the vast majority of sites will never impose any fees upon you.

Just make sure that the currency you are depositing into your casino account is the one your bank account uses and you will then be able to fund your account instantly whenever you fancy a gamble online, be aware withdrawals made back to a Debit Card can often hit your bank accounts in a number of hours if you are in one of the countries that have adopted the speedy banking system such as the UK for example.

Ukash Vouchers

It can be a little time consuming when you opt to use the Ukash pre paid voucher service to fund an online casino account, for you will have to visit a land based shop or retail outlet and then request your voucher and pay in cash on the spot. However this is another low cost option for you will not be charged anything by the retail outlet over and above the actual face value of the voucher.

Be aware though whilst the vast majority of online casinos never impose any charges on their customers for using Ukash, one or two casinos will, so always check the banking interface at the casino you are thinking of using a Ukash voucher at before funding your account using that method.

Whilst you may find Ukash very convenient you will not usually be able to get paid winnings via another Ukash voucher, this service is available at some casino sites and when they do offer it you simply need to visit an ATM with the voucher number supplied by the casino when you requested your winnings and the ATM will then dispense your winnings to you.

As mentioned not all online casinos have this option available and as such if you do intend to fund your casino account using Ukash vouchers then do have a withdrawal method lined up in case you win, and pick one that is a low cost method.

Bank Transfers

If you are a high rolling type of casino game player then you really do need to pay careful attention to what method you use to fund your online casino accounts, for it is true to say the larger the amount of cash your choose to deposit when using certain banking options you may end up paying some equally large fees and charges.

Most high rolling online casino players will tend to utilize a bank to transfer their funds to an online casino site, you will have to liaise with the support team at the online casino you are playing at, and they will let you know which bank account to send the funds to and will be on the lookout for it arriving in their bank account, and when it does those funds are added to your casino account.

Requesting your winnings are paid back directly to your bank account is another very cost effective way of making a withdrawal from a casino site, however do ensure that you furnish the casinos cashiers team with all of the required information including Swift Codes and Iban codes, for any incorrect information will result in your withdrawal failing and will mean you have to wait for what could be a long period of time for the failed bank transfer to work its ways back to you once you supply the correct details.

Web Wallets

There are so many different web wallets that you can use depending on where you live you do need to pay attention to the schedule of fees and charges that each one of them require you to pay for using their services.

You will find some web wallets will not charge you for sending money into an online casino but may charge a fee when you have been sent a winning payout to your web wallet account, and some will charge you when you wish to withdraw money from your web wallet account and get it sent back to your bank or as a cheque.

A lot of gambling based web wallets such as Skrill and Neteller have their own pre paid debit cards which you can attach to your web wallet account but when you use these cards to withdraw money from ATM‘s the fees they charge can be quite high, so we would suggest instead of using a web wallet, unless you have no other option, you should utilize any of the above named banking options instead.

Comments

  • Glen September 2, 2014 at 2:27 pm

    The most cost effective banking option for online casinos would be Bitcoin but I think we are still a few years away from the mainstream casinos implementing Bitcoin as a currency.

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