Best Banking Methods For UK Gamblers

If you find yourself reading this, it is because you are looking for the best way to utilize online banking when making deposits and withdrawals from your online UK casino account. The process of depositing and withdrawing money from a casino account can cause frustration, as has been the case with numerous players before. UK gamblers are experiencing various issues when making transactions with online casinos. Some of these include large transaction fees, worries about sharing private financial information, long processing times on withdrawals, and restrictions on certain transaction methods. Here we will discuss the various online banking methods for UK gamblers and the best UK online casinos that use them.

A Variety Of Online Banking Options And Choosing What Is Best For You

Banking Methods For UK Gamblers

Everyone is different, and therefore not everyone will find the same online banking method efficient when it comes to transactions on online casinos. Choosing the best method of payments and withdrawals for gambling needs will ensure that you feel safe and satisfied in the long run. Below is a list of various online banking methods available to UK players. 

Visa and MasterCard Transactions

  • Very common for online transactions
  • Can be safe, but players need to enter their card details into the casino database
  • Deposits into your casino account is instant
  • Transaction fees apply. This is subject to your bank
  • Withdrawal times are slow, taking anywhere from 1 – 5 business days depending on the casino

A majority of people worldwide will have a bank account linked to a Visa or MasterCard, and they use these cards for daily payments and transactions online. These cards are widely accepted around the globe, making it incredibly easy to pay for anything bought inside and outside your country of residence. Because this is the most common way to pay for things these days, many players will choose to use their Visa or MasterCards online to play at casinos. The convenience is that almost all UK casinos will accept these cards as a payment and withdrawal method for your online casino account. Check out the best UK online casinos; Mr. Green, Leo Vegas, Casumo, Video Slots, and Gate 777.

The money should instantly reflect your UK casino account when you deposit using these debit or credit cards. A safe way to deposit using online banking services has various security features to ensure that its actual owner uses the card. For instance, you will need to verify the deposit transaction via your banking app on your phone and/or enter a pin code linked to your card to authorize the transaction. The safety, convenience, and global acceptance of these cards are why a lot of players choose to use them for online casino transactions. The transactions are fast for deposits and come with sensible transaction fees depending on your bank. With regards to withdrawals made from your casino account back to your Visa or MasterCard, the only thing to consider is that it is not usually instant and might take a few business days to reflect into your bank account. There might also once again be a banking fee, but this can be checked with your bank.

PaySafeCard

  • Easy to buy all over the UK
  • You can choose the amount to top up limiting overspending
  • Widely accepted by UK online casinos
  • Safeguards credit/debit card details as you do not need to give these to the online casino when depositing
  • Withdrawals cannot be made back to PaySafe, and so players must give the casino their bank account details
  • Withdrawal processing time is slow, ranging from between 1 – 5 business days

The PaySafe card is an incredibly efficient way to make deposits into your casino account should you be a bit wary of using our credit or debit card info online. These cards can be purchased in the UK at gas stations, kiosks, and convenience stores. You can load a chosen amount of money onto the card, and when making a deposit at a UK online casino, you just select the PaySafe Card option. This is not only a great way to protect your financial info but also a great way to put a limit on how much you deposit to your casino account in one go. Most online UK casinos accept PaySafe Cards these days, so this is an attractive alternative to using your Visa or MasterCards. Check out these top UK online casinos; Leo Vegas and Mr. Green.

The one drawback of using this method for online transactions to casinos is that you cannot withdraw money back to the PaySafe card. If you decide to deposit with PaySafe, you will ultimately have to give the online casino your banking details in order for them to process any withdrawals to your bank account.

E-Wallets

  • Wide variety of choice of e-wallet companies like Neteller, Skrill, and PayPal
  • Widely accepted at UK online casino sites
  • Safe and secure transactions guaranteed
  • No need to share private financial details with an online casino for deposits and withdrawals
  • Deposits and withdrawals from online casino account are mostly instant (dependant on casino)
  • Very low transaction fees

E-wallets are becoming incredibly popular these days for people making online transactions. The likes of Skrill, Neteller, and PayPal are all e-wallets used by UK gamblers to make instant deposits to their casino accounts without having to share their debit or credit card info. Opening an e-wallet account is simple and links straight to your debit/credit cards and bank account. The fee for using e-wallets is almost zero except for minimal transaction charges to and from your actual bank account.

Using e-wallets is synonymous with safety and security, making it a very popular choice for those that prefer not to share their banking and card details online. Many UK online casinos accept these e-wallets for deposits and withdrawals like Casumo, Leo Vegas, Mr. Green, and Gate777. The ultimate benefit of e-wallets is that the deposits are instant, and so are the withdrawals back to your e-wallet account! Different casinos have varying withdrawal times, so be sure to check that they offer instant e-wallet withdrawals. 

Trustly

  • Easy and safe to use
  • Deposits are instant but withdrawal times vary depending on the casino
  • Transaction fees are low and can be confirmed through your bank
  • Not as widely accepted by casinos limiting use to some online sites

Trust is a secure e-transfer system that allows UK players to send funds instantly directly from their bank account to an online casino account. Over 14 banks in the UK are linked to Trustly, making it a growing system for online transactions. It is safe and secure and has low transaction fees. Trust is not as widely accepted by online casinos as some of the above-mentioned e-wallets and is, therefore, more limited when it comes to playing at various online UK casinos. The deposits are instant, but the withdrawals can vary depending on the casino you choose to use. Check out Leo Vegas Casino for their Trustly payment option.

Summary

Now that you are armed with some info about online banking methods for UK players, you can now choose the method that works best for you. E-wallets seem to be the most popular way to deposit and withdraw from a casino account, but it is always down to personal preference. Just ensure that you read the T&Cs about deposits and withdrawals, as casinos will differ in their processing times for each transaction method. All UK online casinos also require you to withdraw your money using the same method that you used to deposit it (with the exception of the PaySafe card), so be mindful when making a deposit and that you are happy to withdraw back via that same method. While choosing the best UK online casino to play at, also ensure that you also search for those incredible free money casinos that offer great welcome bonuses and no deposit bonus sign ups.

 

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