Bank Transfer Bingo

One of the earliest and traditional payment options on bingo sites is to use a bank transfer. This method involves transferring funds directly from your bank account into your bingo account. There are no third party e-wallets or online payment options involved.

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This method involves you giving out your bank account number and other details but since it needs authorization from your for a transaction, there really is no threat of any information theft. As far as security is concerned, this is probably the best method there is. So how exactly do you play bingo on the internet with money in the bank? Read on to find out more.

The first step is to transfer money into your bingo account so you can start playing. For this, select that the bank transfer is your preferred method and provide all the necessary details. Here, you may have to talk it out with your bank that you will need a transfer. Usually, banks charge you a service charge when they transfer money into the bingo account. This process takes about 1-2 days because the bank has to process everything.

When you have won on your bingo site, you can transfer the funds back to the bank. Again, provide the bank details and specify the amount that you wish to withdraw. This process takes about 2-3 business days depending on the bingo site and the bank as well. There is no charge on the bank’s side for the withdrawals but the bingo site might have a policy to charge withdrawals; best check beforehand. Despite taking longer, this method is still preferred as there are very few surcharges.

Moreover, it is perfectly safe and the transactions happen only after your authorization. Depending on the bingo site, the banks accepted vary. However, note that United States residents cannot play bingo on sites outside the US using the bank transfer facility as there are laws that govern the entire process and restrict overseas payments.

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