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BTS (Bank Transfer System) Online Casinos
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The majority of online casinos available out there, except crypto-only sites, offer BTS (Bank Transfer System) as a payment solution, for both deposits and withdrawals. And while you shouldn’t bother worrying about its availability, you should learn more about it to eventually start using it. This is the system all banks use to make transfers of money both locally and globally. With this solution, regardless of where the operator is based and where you live, you can make the smoothest and most convenient transactions to and from the online casino you choose to select. So, if ready to find out all the details, continue reading, as next, we’ll take you over them. What is BTS (Bank Transfer System) and why choose to use it as your payment solution across online casinos?
About BTS (Bank Transfer System)
Whenever in doubt, whenever lacking other options to consider when it comes to the payment method to use at an online casino, rest assured that BTS (Bank Transfer System) has got your back. This is one of those solutions that is consistently being present across the online gambling industry, to fill the void of similar convenient solutions for deposits and withdrawals. As its name implies, this is the system that banks use in order to transfer money from one bank account to another, without much fuss, locally or globally.
Basically, if you have an active bank account, no matter where you’re from, you are eligible to use it, and that about sums up the basic things you need to know about it. The BTS (Bank Transfer System) is the banking system that allows banks to communicate among themselves and allows users and eCommerce sites to get the most seamless transactions, processed in no time.
The solution has an unparalleled availability across the online gambling industry, being offered in every second if not every single online casino precisely due to these convenient perks it offers. Since it enables money wiring from one to another bank account, every banked player can use it and every operator with a registered bank account can offer it.
The way it works is, that you request a transaction via your bank account, regardless of whether the casino is based locally or in any country in the world, and the banking system, through wire networks like the Federal Reserve Wire Network, the Clearing House Interbank Payments System or the popular European Society of Worldwide Interbank Financial Telecommunication (SWIFT), processes it.
And considering banks are involved in the sending and receiving end of the transaction, you can rest assured that your funds are incredibly secure with it. So, the only thing for you to do is get started with it to be able to check it out for your transactions across online casinos. We'll go over the getting started procedure first before we continue explaining the steps you need to take to start using it across the many casinos that offer it.
Getting Started with It
As we explained previously, to use BTS (Bank Transfer System) at an online casino, all you need is an active bank account, and of course, an active online banking profile. We already said that no matter the country you’re from or the country where the operator is based, you can be certain that you’ll be able to use the solution as long as you’re meeting that one condition.
Assuming you are, you can sit back and relax knowing that not only hundreds of online casinos are at your disposal to join, that accept the solution, but also that you won’t need to register any new accounts in order to get started with it. In fact, all you'd need to do is join the casino you're eyeing and select the solution as your payment method. From there, you'd need to log into your online banking profile and request a transaction. As simple as that.
However, bear in mind that if you're initiating a transaction to an offshore casino, you’d also need your International Bank Account Number, as well as the operator’s. The IBAN is absolutely necessary for international transactions, so you better be pre-equipped with it in case you’ve joined a casino that’s based outside your country.
As long as you have it, you are good to go. No matter the bank you have an account with, you can start using it right away. The solution works with all banks out there, so you are equipped with everything you’d need to do to request a transaction with it.
Now, once the transaction is initiated, through a banking network like SWIFT, the two banks, yours and the operator's, will communicate and make sure that the transfer is processed safely from yours to the operator's account. From there, the funds you send will arrive on your casino balance, from where you can use it for the deposits you plan to make.
To give you another tip, if you don’t have your online banking profile up and running, as long as you have the necessary banking details of the operator, you can initiate the transaction offline, too, but this would require a trip to the bank, in person. Considering the modern times we’re living in today, you probably won’t have to, since you probably have an online banking profile, even your bank’s app installed on your mobile device, let's assume you're ready to use the solution for your deposits. So, let's go over the depositing procedure together.
How to Deposit at Online Casinos with BTS (Bank Transfer System)?
We’ve established that you won’t face any difficulties when it comes to finding a casino that accepts BTS (Bank Transfer System). You may even find it under a different name, wire transfer, bank wire transfer, or online banking, but essentially, you’ll get the same service. The good news is, regardless of your country of residence, you will have plenty of casino options to go through, so make a list of potential candidates and explore their offerings.
As soon as you've found the site you'd like to join, you'd quickly need to create an account with it here. Provide your basic personal details and select your native currency as the default one when playing on the site. To make your first deposit with BTS (Bank Transfer System), do the following:
- Enter your registered player profile and search for the Banking/Payment Methods page.
- Locate the section with Deposit Methods displayed and find the BTS (Bank Transfer System) logo.
- A new page will open where you’d need to use your credentials to log into your online banking profile.
- Enter the needed banking details as listed before and specify how much you'd like to transfer.
- Go over your request, confirm it, and in a few hours, the funds will arrive on your casino balance.
We should note here that, depending on the banks involved and whether the transfer is local or international, processing times vary. You may even get your deposit transferred instantly, but it may also take a while before it is processed, so be patient.
How to Withdraw Winnings with It?
Considering this is a system that connects all banks in the world and works both ways, it goes without saying that withdrawals are possible with BTS (Bank Transfer System). You'd just need to go through a similar procedure to the one we described just now and be done with it in no time.
This time, you'd need to select the solution from the Withdrawal Methods section and set the amount you want to withdraw. After you provide the needed banking details, you'd need to give the operator time to go over your request, and in 24 to 48, hopefully approve it, if the request was legit and you had enough to cash out. After that, the transaction will be processed, but this time, it will take a couple of days until your winnings arrive in your bank account.
Fees and Limits
As far as fees go, local transfers are rarely subject to fees with this solution, thanks to the fact that it was designed ages ago with the purpose of facilitating and making users' transactions as cost-efficient as possible.
But, international transfers usually come with fees. You should be prepared for fees charged by both your bank and the operator’s. These would be at the bank’s discretion, so you better check with your bank at least, to see how big of a fee we’re talking, if not with the operator’s bank, too.
Allowed Countries
It is fairly clear by now that BTS (Bank Transfer System) has a long list of allowed countries; basically, all countries in the world. No matter your location or where the casino is based, you’ll be able to use it.
However, you may come across a different type of restriction here, oneregarding online gambling regulations. Some countries have ordered banks to not process online gambling transactions, and supervise them for non-legal activities; these are mostly countries which have banned online gambling. But, unless you’re playing from such a country, you can rest assured that you’ll be perfectly able to use it.
Accepted Currencies
No matter which your native currency is, rest assured you’ll be transacting in it with this amazing solution.
Regardless of whether that’s the US dollar, the Canadian or the euro, all currencies are an option once you select BTS (Bank Transfer System) as your payment solution. Meaning, you’ll avoid paying the boring and mandatory conversion fees that are usually charged for using different currencies across online casinos.
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FAQs
How many online casinos offer BTS (Bank Transfer System)?
Most casinos, really. We mentioned that, with the exception of casinos that run on blockchain, so-called crypto casinos, basically every other casino that offers standard banking methods offers this solution. Your choice of sites to explore will be huge, rest assured.
Must I download my bank’s app to use BTS (Bank Transfer System)?
No, not really. The bank’s app is an option, for quicker access to your bank account, but it is not mandatory to have the app installed on your smartphone. As said, you can use any browser to log into your online banking profile, and even go physically to the bank, to initiate a transaction with the solution.
Approximately, how big are the fees when using the solution across online casino sites?
We mentioned that the fees depend on the banks involved, but they also depend on the amount being sent. But, usually, they are around $5 to $10 or currency equivalent, for bigger sums, even $50.
Must I share bank account details with the operator when using BTS (Bank Transfer System) for deposits?
As explained, through save passages, upon deposits, you are redirected to a new page where you enter your credentials to access your online banking profile, so you’re not sharing any bank account details with the operator directly, per se. But, when the procedure is the other way around, meaning for withdrawals, yes, you must share these details with the operator, so that they know the account they need to send your winnings to.
Must I share bank account details with the operator when using BTS (Bank Transfer System) for deposits?
As explained, through save passages, upon deposits, you are redirected to a new page where you enter your credentials to access your online banking profile, so you’re not sharing any bank account details with the operator directly, per se. But, when the procedure is the other way around, meaning for withdrawals, yes, you must share these details with the operator, so that they know the account they need to send your winnings to.
Is it possible to receive the winnings I made and requested to withdraw using this solution instantly?
We have to break it to you but, even if the banks involved somehow manage to process the transaction in real-time, you still have to wait the mandatory pending period of 24 to 48 for the casino to go over your request and eventually approve it.