Online casinos that accept bank transfers are very common, as this is a convenient method to shop, share, send, and receive money. It’s also a smart way to play at any of the 15 thriving Michigan online casinos. Read on to learn how the online banking process works for casino sites, as well as the details about using this payment method in Michigan.
Using online banking at online casinos
Online banking gives you the benefits of time and convenience when you use it at an online casino. You don’t have to worry about typing in your card numbers or bank account every time you request a withdrawal or make a deposit.
Handling your money this way is also rated as one of the most secure payment methods. That’s because, no matter where you bank, it uses industry-standard encryption methods to track each transaction. The methods for transferring money using online banking accounts are plentiful. Let’s look at two of the most common ones.
Bank wire transfer
A bank wire transfer is a secure transaction that doesn’t actually involve the physical exchange of cash. Electronic wire transfers involve providing your account number to both the sending and receiving institution and the desired amount of money you wish to transfer. Bank wire transfer online casinos work the same way.
You can make a bank wire transfer to an online casino by providing your bank account number. There’s usually a fee, and it can vary depending on the size of the transfer, but the transfer itself is often instantaneous.
ACH Bank Transfer/eCheck
ACH stands for Automated Clearing House, which is a nationwide financial network used for electronic payments and money transfers. ACH online casino payments are another way to transfer money from one account to another without using credit card networks or cash.
Now that we’ve covered the basics, let’s dive into the nuances of online banking at Michigan sites.
Online banking casinos at a glance
All online casinos accept online banking in some form. Take a look at our top casino picks and some key online banking details:
Note that the information above relates to Michigan only. Check with your state regulations on the related casino page to confirm deposit and withdrawal limits in your area.