The gamblers who have their own bank accounts, can arrange withdrawal of wins by bank transfer through the managers of online casinos. However, it is not the most convenient method, because withdrawal of funds to the bank account is possible from some minimal amount which is stated by the owners of every casino and cost of such a service can be quite high while withdrawal time might be long.
However, it is not necessary to have a private account to use bank transfer. It is possible to make a deposit on an account of an online casino in any department of local bank.
Bank transfer - is one of the types of money transfer in form of cashless payments comprising imposing obligations on oneself for reward of the first party (the bank) by request and at the expense of the second party (the sender). Bank transfer is usually preferred by the customers who don't put speed of transfer in priority. However, the cost of bank transfer is much lower than speedy payment systems, such as Western Union for example. Herewith, it is higher than many other payment system have which offer money transfers much cheaper.
To make a bank transfer you need to visit one of the bank offices which ID. Other thing you need is bank details of recipient (surname, first name, middle name and banking account) and bank details (name, correspondent account, SWIFT/BIC and etc.).
Please take in account limits on current transfers stated in your country. This amounts can vary for residents and non-residents.
The sender fills application for transaction and gives it to the bank manager which is responsible for the operation. Taking this application as a matter of low, it is a kind of order to the bank for providing delivery of funds to the specified place and payment to the specified person with help of certain credit organization. Then the sender bank fills the document used to notice the recipient bank about the bank transfer. This document is named a letter of advice and it is transmitted by encrypted messages by different services (tele-transmission, telegraph, modem) or by post ( most frequently avia). This document states legal relationship between the banks by payment issues. As soon as the recipient bank receives the letter of advice, it sends a message about bank transfer to the recipient. The recipient who has received the notification get right to request the bank for an amount stated on the document.
Actually, bank transfers are not very popular among the customers of online casinos. Limited amounts, quite high price and low speed make the customers use other payment methods. However, sometimes it is hard to find something more secure and quality than bank transfer, for example, when an amount of withdrawal is quite high.
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