BankID Casinos
| Updated: BankID was created by several major financial institutions in Sweden. This electronic identification method enables users to make online transactions, sign digital documents such as mortgage agreements, book concert tickets, and even file income tax returns.
The BankID system was developed to allow Swedish banks, merchants, and organizations to sign and authenticate online agreements with individuals in the country.
In essence, BankID is the digital equivalent of physical identification documents such as a driver’s license or passport. It is available to Swedish residents who have a personal identity number, known in the country as a personnummer.
The first digital ID of this type was issued in 2003. The method quickly gained popularity among Swedes and is now used by more than 8 million people. BankID can be used for various services, including mobile and online banking, making it useful for casino players looking to bet real money online.
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The method still has limited availability at online casinos. Only a few gambling operators currently offer it to their customers, but this number is expected to increase as operators seek additional ways to combat online fraud and identity theft.
Who Can Use BankID at Online Casinos?
BankID is available to casino players who reside in Sweden, while several other European countries have developed similar electronic identification systems. More than 50 million electronic IDs have been issued across Europe since electronic identification was first introduced in the early 2000s.
The method is particularly popular in Scandinavia, where as much as 70% of the population has an electronic ID. Nordic countries have played a leading role in developing this approach. Banks and fintech companies in the region report that the method helps them reduce expenses while making their services more convenient for customers.
Sweden is not the only Nordic country to offer electronic identification. Norway also has BankID, although it is provided by a separate organization that shares the same name.
This approach is also used in Denmark, which has its own NemID online identification system, with “nem” meaning “easy” in Danish. Finns can use electronic identification through the TUPAS platform.
TUPAS was developed by the Federation of Finnish Financial Services and is used by leading banks in the country, including Danske Bank, S-Pankki, Nordea, and Aktia. Germany and Spain have also introduced the Neue Personalausweis and DNI electronic identification systems.
These online identification methods are available only to players based in Sweden, Germany, Norway, and Finland. They can use them to verify their identities at no-account online casinos.
The feature is not widely supported by online gambling operators. Only a few casinos currently use BankID for sign-ups and payments.
What You Need to Start Using BankID at Online Casinos
As previously explained, the BankID system is primarily intended for players from Sweden. However, users do not necessarily have to be Swedish citizens to use the system. Players can apply for an electronic ID if they plan to remain in the country for more than one year.
Players interested in using this identification method must first sign an agreement with one of the banks that issues electronic ID certificates. These financial institutions include Nordea, Danske Bank, Swedbank, ICA Banken, SEB, Skandiabanken, Handelsbanken, Ålandsbanken, Sparbanken Syd, Ikano Bank, and Länsförsäkringar Bank.
Personal Number
Casino players with permanent residence in Sweden must visit one of the issuing banks to apply for their unique BankID. BankID is effectively the digital equivalent of a physical identification document, which means the player must have a Swedish ID card with a personal identity number, or personnummer, as it is known in Sweden.
BankID can be issued only to individuals who have reached the age of majority. The personal identity number consists of ten digits separated by a hyphen. The first six digits represent the individual’s date of birth in YYMMDD format.
These are followed by the hyphen and three additional digits that serve as a unique identifier. The last of these three digits indicates the individual’s sex, with even numbers assigned to female personal numbers and odd numbers to male personal numbers. A tenth digit was introduced in the late 1960s after Sweden computerized its system.
Players can obtain a personal identity number by registering with the country’s Population Register. Applications can be submitted only in person and require certain documents, such as a valid passport, proof of address in Sweden, and a residence permit for applicants who are not Swedish citizens.
Internet Banking
Players who intend to make payments to and from BankID casinos can open an account at one of the associated banks. It is advisable to obtain your personal number before attempting to open an account at a Swedish bank. This can help prevent delays and allow you to complete the process in less than one business day.
You can apply in person by bringing the following documents to the bank: your passport, employment contract, personal number and Swedish ID card, and a residence permit if you are not a Swedish citizen.
Once you have opened an account with a Swedish bank, you need to apply for its internet banking services. This is recommended if you plan to use BankID for both identity verification and casino payments.
Online banking is usually included in the bank account package but may require additional activation. Most banks will open an online banking account for you if you are already a customer. You can also begin the application process yourself, although assistance from a banking representative may be required.
Mobile BankID
BankID can be used on both desktop computers and mobile devices. Players who access online casinos on their smartphones can use Mobile BankID on Android and iOS devices.
To do so, players need to log into their online banking accounts, open the mobile services menu, and follow the instructions to obtain Mobile BankID. This enables them to make mobile casino payments and verify their identities on the websites of different organizations and authorities.
Playing at Online Casinos with Your BankID
Now that we have outlined the steps required to obtain a BankID, we can explain how the technology works for online gambling. This digital identification method enables players to sign up, access their casino accounts, and make payments quickly and easily.
Online casinos typically require customers to verify their identities before making a withdrawal. This process can take time because players need to provide copies of various identification documents along with valid contact details, such as an email address and phone number.
At BankID gambling sites, players can use BankID to verify their identities and make payments directly from their personal bank accounts. This usually takes place through third-party online banking platforms such as Trustly, which launched its Pay N Play platform in late 2018.
There is no need to enter personal details into a registration form because this information is already stored in your BankID. Playing at a BankID casino involves several simple steps:
First, find an online casino that supports the no-registration feature. These casinos are usually easy to identify by a button labeled “Play Now”.
After clicking the “Play Now” button, the system prompts you to make a deposit by logging into your online banking account. You simply select your bank from the list of available financial institutions.
The deposit is completed once you access your online banking account with BankID. The gambling operator receives the necessary KYC (Know Your Customer) details through BankID, verifies your identity, and creates your casino account in the background. You can then start betting real money on your preferred games with the deposited funds.
If you receive winnings, you can request a withdrawal with the help of your BankID. Click the withdrawal button and specify the amount you want to cash out. The requested sum is then sent to the bank account used for your initial deposit.
One benefit of this technology is that it allows for particularly fast withdrawals. This is possible because the casino does not need to perform the standard identity verification process before releasing the funds. This also benefits gambling operators because it saves time that would otherwise be spent verifying your identity.
Another feature of BankID casinos is that players can close their browsers when they want to take a break and resume their betting sessions where they left off. There is no need to log in again; the player simply loads the casino’s website and is granted access to the account.
BankID casinos can be accessed through widely used browsers such as Firefox, Internet Explorer, and Google Chrome. The browser automatically stores the player’s details in its cache, allowing them to continue playing without logging back into the account.
Players can still exit their casino accounts by logging out. They can then log back in with the BankID used when the account was initially created.
BankID Casinos and Security
BankID offers a secure alternative to the standard sign-up process at online casinos. Players use their unique electronic signatures to complete financial transactions and sign digital documents.
These advanced digital signatures are legally binding. Both gambling operator websites and digital signature applications use advanced encryption to protect players. You have a unique account that is inaccessible to third parties.
Support for BankID can indicate that an online casino takes customer security seriously. These electronic identification signatures are issued by cooperating banking institutions.
Online casinos that support BankID must therefore follow the same security standards as the banks issuing the digital signatures. There are several other indicators that can help you recognize a reliable BankID casino.
The first thing a player should check is whether the casino holds a valid license. This may be a license issued by the Swedish Gambling Authority (Spelinspektionen) or another European regulator, such as the Malta Gaming Authority or the Gibraltar Gambling Commission. The license should come from a European regulator because online casinos using this identification technology are currently available only in several European countries.
You should also ensure that your chosen casino uses encryption to protect players’ sensitive information. When encryption is active, you will typically see a padlock icon in your browser’s address bar when loading the casino website.
The casino’s software suppliers are also a useful indicator of its reputation. Trusted BankID gambling operators often work with reputable and established software studios such as NetEnt, Microgaming, Yggdrasil, and Playtech.
Players can further protect their BankID by following one simple rule: never disclose your digital identification details to another person or use your BankID at somebody else’s request.
Merits and Downsides of BankID Casinos
This technology benefits casino players in several ways. First, it eliminates the need to complete a standard registration form at your preferred casino. If the operator supports verification and payments through BankID, you can sign up within seconds by making a deposit from your bank account. This allows you to start playing without unnecessary delays.
BankID also allows you to complete transactions to and from your casino account more quickly. Withdrawals through BankID are almost as quick as deposits because players are not required to undergo additional identity verification.
The requested withdrawal amount normally appears in your bank account within a few minutes. Players do not need to provide copies of additional documents for verification, as is commonly required at regular online casinos.
One of the main benefits of BankID technology is security. Transactions completed with BankID are legally binding and protected by advanced encryption used by both the gambling operator and the bank that issued the BankID. In essence, BankID reduces the amount of sensitive personal information you need to share directly with the casino.
On the downside, very few online payment processors have upgraded their platforms to support payments through BankID. Trustly was the first fintech company to support this technology through Pay N Play. Consequently, only players from a few select European markets can currently use BankID to access and fund their online casino accounts.
Will This Solution Become Broadly Available in the Future?
BankID currently has limited availability and is offered by a small number of casinos serving the European gambling market. According to the information available at the time of writing, this service is available to players in only a few countries: Sweden, Finland, Germany, and Norway.
The technology may expand into new markets in the future, although this process could take time. It relies on highly sensitive data, such as a user’s personal identity number.
This means the electronic verification system must first be approved by the relevant national government. Given its security and convenience, more governments may consider adopting it in the future.
Online Casinos with BankID
The first BankID was issued in 2003, but the technology has yet to become widespread in online gambling. At the time of writing, BankID has been adopted by around twenty gambling sites, although not all customers of these operators can use it.
Players must be based in a country where these digital identification signatures are issued. Only then can they access the casino and deposit using BankID. These websites can be easily recognized because they feature a “Play Now” button, indicating that customers can verify their identities, deposit, and start betting real money in under a minute.
We have compiled a short list of the best gambling sites that support BankID technology. Read on to learn more about these recommended casinos.
Spela Casino
“Spela” translates as “play” from Swedish and indeed, this is a very suitable name for a gambling site that enables you to play tons of great casino games without having to go through a cumbersome registration process.
This gambling spot operates under the supervision of the Malta Gaming Authority and features over 1,300 premium games by top providers like Microgaming, Yggdrasil, and NetEnt, among others. The casino enables players to conduct instant payments via the Trustly platform.Read More
Casumo Casino
Casumo burst into the iGaming scene in 2012, which makes it a long-time player in the world of online gambling. Throughout the years, Casumo's library has enjoyed steady growth, with the casino now boasting 2000+ games from developers like Play'n GO, Pragmatic Play, and NetEnt, to name a few.Read More
Yeti Casino
In what one might consider to be a nod to the winter landscapes of the Nordics, Yeti Casino is themed after the mythological creatures that supposedly roam the Himalayas. This iGaming website clearly operates with players from Sweden in Mind, given both its support of BankID and the fact that users can set the casino's language to Swedish.
Moreover, Swedes can be assured of Yeti's reputability, seeing as the casino passes with flying colors as far as licensing is concerned - both the Malta Gaming Authority and Spelinspektionen have granted Yeti Casino their seals of approval.Read More
888casino
Founded in 1997, 888 is an experienced brand with more than 25 million customers. It operates a number of online betting products, including sports betting, poker, and casino games. The casino, in particular, uses in-house software for a portion of its library although there are also contributions from other developers like NetEnt, Yggdrasil, and Evolution Gaming.Read More
Fun Casino
Fun Casino boasts a colorful design and intuitive instant-play interface, optimized for play on mobile and desktop devices. This is a reputable gambling operator that is licensed and regulated under the jurisdictions of Malta and the UK.
Players can indeed have tons of fun at this online casino where they are facing a huge diversity of slots and table games supplied by NetEnt, Amatic Industries, and Microgaming, among others. The website is accessible in a variety of languages including English, Swedish, Norwegian, German, and Finnish.Read More
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