Rainbow Riches Casinos

Withdrawal limit:

Bank Transfers 24-96 hours

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Online Casinos With Bank Transfer Withdrawals Between 24-96 Hours

Playing at online casinos that hold a license from the UKGC comes with a variety of advantages, one of which is flexibility in withdrawals. Each reputable gambling site will give you several options through which you can cash out your money.


One of the safest banking methods that you can use is bank transfers. Their security is second to none and that is the reason why so many British players are fond of it. So, we took the liberty of explaining everything you ought to know about them.


We’ll take a look at how bank transfer withdrawals work, how to make a cashout and list all of their advantages and disadvantages. Ultimately, this guide will help you figure out whether you should use a bank transfer when you make your next cashout.


Bank Transfers Explained


A bank transfer is a secure way of sending funds from one bank to another or from one account to another. The beauty in these transactions is that they come free of any charge. There are several types of transfers, but the one that interests the online casino industry is digital bank transfers.
As the name itself suggests, these transactions take place online. Once you make a withdrawal request, the finance sector of the casino accesses its online bank account and sends the money. The banks take care of the hard work and that is where all the security stems from.

The two other notable types of bank transfers are:


Mobile bank transfers (online payments via mobile devices

Branch bank transfers (in-person payments


How Long Do Bank Transfer Withdrawals Take?


The big question regarding this withdrawal method is how long will you have to wait to receive the funds. The extra layer of security comes at a price. Usually, a bank transfer withdrawal takes between 24-96 hours to complete. In most cases, you will have to wait 4 business days to receive your money.
It is a well-known fact that bank transfers are not the most efficient option when it comes to the processing period. However, just as we mentioned earlier, they do not come with any fees and are always eligible for claiming deposit bonuses.


You may wonder what the connection between deposit bonuses and bank transfer withdrawals is. Well, most online casinos that hold a license from the UKGC require players to use the same method for both deposits and withdrawals. So, if you want to cash out via bank transfers, you must also use them to deposit money.


Unlike e-wallets, which are sometimes ineligible for casino promos, you can always rely on bank transfers to enjoy these rewards.
Bank Transfers vs. Wire Transfers One rather common confusion that players come across is the debate on whether bank transfers are the same as wire transfers. The answer is no and here's why. A bank transfer is a process through which you send money to a bank or an account within the UK. Both the sender and the receiver's banks are in the country.


Wire transfers, on the other hand, are international transfers. These would not work in the UK because offshore sites cannot offer their services to UK players. If an online casino wants to operate in the country, it must be based here and hold a valid license from the Commission itself.


How to Withdraw Money Via Bank Transfers


Knowing what bank transfers represent won’t help you much if you don’t know how you can use this option to withdraw money at your favourite UK casino site. Here’s what you need to do.


Step 1. Complete Verification and Bonus Terms and Conditions


UK casinos that hold a licence from the Gambling Commission are required to verify the identity of their players. That’s how they make sure that they are over 18. You will have to complete this as soon as you register an account.


Additionally, if you claim a bonus of any kind, you will have to meet its respective terms and conditions. Once you complete these two things, you can move to the second step.


Step 2. Visit the Withdrawal Menu and Enter the Details


Log in to your account and visit the cashier’s section. There are two menus here – deposit and withdraw. Since you’re looking to cash out, you ought to choose the withdrawal menu. Select bank transfers as your payment method and enter the amount that you want to transfer. Make sure that this amount is not lower than the casino’s minimum limit.


Step 3. Review the Information and Confirm the Transaction


If you’re cashing for the first time, you will have to enter all related bank transfer details. Review the information because every wrongfully inserted detail can delay the withdrawal. Once you are sure that everything’s right, confirm the transaction.


Step 4. Check Your Bank Balance


As mentioned earlier, bank transfers can take up to 4 business days to process. Check your bank account to ensure that the withdrawal is complete. If it's not for any reason, contact the customer support team of the casino or the bank to see what the cause of the delay is.


Pros and Cons of Bank Transfers


Each withdrawal method at UK casino sites has advantages and disadvantages. Bank transfers are no different. If you are planning on using them, you must know the pros and cons. They will help you determine whether they are a good fit for your preferences or not.


Pros


Immaculate security via bank processing
Eligible for casino promotions
Vast acceptance rate at UK gambling sites
No fees on transactions


Cons


Not as efficient as other payment methods
The minimum withdrawal amount is usually high


FAQ


Can I withdraw bonus winnings via bank transfers?


Yes, you can withdraw bonus winnings via bank transfers, but you must make sure that you meet the terms and conditions of the promo.


What is the best bank transfer casino in the UK?


Finding the best bank transfer casino UK is subject to personal preferences. When choosing, you need to make sure that the operator holds a licence from the UK Gambling Commission.


What details are needed for bank transfer UK?


Some of the details that you must provide the casino with when making a bank transfer withdrawal are your first and last name, your 6-digit sort code, your 8-digit account number and your withdrawal sum.


How long will I wait for my funds once I make a withdrawal request?


In most cases, you will have to wait up to 4 working days. Bank transfers provide you with massive security, but they lack efficiency.