Bank transfer betting is of the highest quality when staking on sports online. It offers gamblers a secure and breakneck convenience, coupled with lenient withdrawal and deposit limits. Today, you can load cash into a betting account using a bank transfer and amass scores of incentives and free bets. 

At FUN88, you stand to collect a 200% discount for signing up for a betting account. You will again get free bets regularly and enjoy boosted odds often. As though not enough, the list of betting markets you will see on the site is mind-blowing. You can bet on different football, cricket, and basketball leagues and other sports such as hockey, tennis, motor racing, and horse racing. Tap here to create your betting account at FUN88

Now, you are in time to learn the bits and pieces of why bank transfer is a top-of-the-range payment method for bettors. But as you brace yourself to read on, below is a list of reputable betting sites you should consider harnessing to bet on cricket and other sports along with casino games. Sign up with any of them to explore the different games available.

Bank Transfer

Best Bank Transfer Betting Sites In India

What Is Bank Transfer & How It Works For Betting Online?

Bank transfer sends or receives cash through financial institutions electronically. The payment method is straightforward and demands you first open an account before making a transaction. Banks are the business’s major institutions and rely on Swift and Fedwire automated mechanisms to make payments securely. However, Credit unions, which are member-owned financial institutions, also facilitate bank transfers.

That aside, there are two ways you can make a wire bank transfer. Ideally, you can directly or indirectly effect it within the same bank or between different financial institutions. While that is so, you can also deposit or withdraw cash in either of the entities effortlessly but must verify a payment online by a physical visit. The best part is you will experience no charges when transferring cash to most online casinos and betting sites. However, some fees may kick in when cashing out, bound by the financial institution you use. 

Fortunately, most bank transfers are insured by the Federal Deposit Insurance Corporation (FDIC). That means your money will always be safe in the event the bank fails or closes. 

Sign Up With A Bank Transfer Betting Account

Jumping off, you need to open a bank account and gaming account at a site like FUN88 before placing a real cash bet. Well, for the bank account, there are two ways to do it. You can visit the financial institution physically with your credentials such as national ID or sign up online. For the sake of time and convenience, let’s look at how to go about it without going to the bank: 

  • 1

    Step 1

    Identify a financial entity you want to join and search it online. But again, ensure you have your documents in close vicinity to help in verifying your identity.

  • 2

    Step 2

    Provide your credentials. Those will vary but most banks ask for name, government-issued ID number such as national ID or Passport, date of birth, home address, email address, etc.

  • 3

    Step 3

    Some banks will require you to initiate your first deposit before the account can be activated. Typically, the amount will be minimal, hence no need to worry. You should effect the transaction via your credit/ debit card or any other channel acceptable at the bank such as Airtel or Paytm.

  • 4

    Step 4

    Provide an e-signature and indicate the account’s purpose to be a checking account to make payment regularly. Luckily, the bank can provide you with a kit online containing the signature you should use. Afterward, your account will be ready to deposit and withdraw cash at a betting site.

  • 5

    Step 5

    Now, link a card/bank account by opening the app and keying your name on the interface’s upper part. A pop-up interface will appear requesting you to add your bank account details.  Tap on the “Add Bank Account” and select your bank from the listed financial institutions. You will get a new page with an account link. Tap “OK.” A verification code will be sent to the mobile number linked to the account.

To sign up and link your bank to your FUN88 betting account, you should follow the next steps:

  • 1

    Step 1

    Provide your credentials to create an account or use your Facebook or Google account instead. 

  • 2

    Step 2

    If you use your details, you will get a code to enter on the site’s home page. The betting interface will open, requesting you to verify your identity with either ID or utility bill.

  • 3

    Step 3

    Afterward, the account will be ready for use, but you must load it with cash. To achieve that, head to its cashier section and click on deposit and there you see loads of payment options such as GooglePay, Muchbetter, Mastercards, bank transfer, and a lot more. Choose bank transfer as your preferred payment method and link it to the account.

  • 4

    Step 4

    Enter the amount of cash you wish to load, but ensure it is above 1000 rupees since it is the set minimum limit. Next, authorize the payment. You will be prompted to enter your bank account number and an ABA number.

  • 5

    Step 5

    Cash will be processed almost immediately, and you can then proceed to the sports lobby to kick off your betting adventure.

Why Place Bets Online With Bank Transfer?

Bank transfer has a bunch of incredible features you should take advantage of immediately and open your account today. Below are the traits making it stand ahead of the other casino payment methods you will find both online and offline

  • Seamless integration: Bank transfers have robust banking systems working in the backend to provide flawless transactions. They manage records and accounts, establish fees and limits, and facilitate speedy depositing and withdrawing of cash at online casinos. 
  • Security: Banking institutions are compliant with the ISO 20022 standards. Ideally, ISO 20022 is a modelling methodology to harness information and create a central dictionary for all bank transactions globally. That way, customers can make payments securely from or to any part of the world conveniently.
  • Customization: Banks have a wide range of accounts you can open. On top of that, you can request how you want your account to be functioning at the financial institution such as specify the amount of cash to be credited at a casino. 
  • HTML5 coded sites: Most banks embrace technology and often develop mobile apps to serve customers better. In the same vein, the institutions have sites you will navigate effortlessly, even on mobile browsers. 
  • Robust reporting tool: Banks have excellent tools to identify a transaction and quickly respond to it. They collect the needed data, analyze it, and create a payment report before dispatching the funds to the recipient. 
  • One-click authorization: Banks can synchronize related transactions effortlessly. More so, if you make several payments to the same recipient, the institution will link data and minimize the clicks and information you provide each time.

Pros And Cons For Betting With Bank Transfer

You may be wondering whether you should adopt bank transfer to transact cash in and out of your betting account. Well, next are the benefits you will earn and the downsides you should expect along using the payment method:

Advantages

  • Freedom: Most banks will allow you to own multiple accounts for different purposes such as gambling, business, saving, holiday, etc. Consequently, you can effortlessly manage and track the funds you bet with and avoid overspending. 
  • Security: The utilization of ISO 20022 and other defense tools make wire bank transfers safe. The use of features such as KYC and a password means the likelihood of someone accessing your account or sending cash to the wrong recipient is limited. 
  • User-friendliness: The tools adopted at banks to analyze data before dispatching payment make it breezy for customers. More so, the steps to open or complete a transaction are straightforward for even novices to hack. 
  • Convenience: Banks synchronize payments and offer the one-click authorization leeway to allow users to make transactions swiftly. As a result, you will spend less time withdrawing or depositing cash than in other payment channels. 
  • Transparency: Banks are typically licensed by a well-known national or global institution. Also, they operate under an insurance policy. Therefore, their chances to swindle customers are few, and if they do, you will be compensated by the insurer.

Disadvantages

  • No credit transactions: Close to all banks require you to first deposit funds before making a payment or transaction. And unlike cards that you can spend and pay later, banks will halt the dispatch until you load cash to your account. 
  • High transaction limits: While being able to withdraw vast sums of cash via the bank may sound exciting. It can also be detrimental when making deposits to a casino to bet. More so, you may end up overspending, which is utterly unwise.

Tips To Bet Online With Bank Transfer In India

After depositing cash to a betting site or casino, you should adopt a strategy to ensure you don’t make losses. Next are some of the tips you should consider using right off the bat: 

Manage your bankroll: A decent way to stay on top of sports betting or casino gaming is keeping a close eye on how much you spend and win. Of course, your wish is to make profits, but that will not always happen. Consequently, set a ceiling on the amounts of money you will spend each time you wager and don’t overspend.

Use reputable sites: Frankly, not all betting sites you see on the internet are ideal to use in betting. Some have unreasonably low odds and often jeopardize bets. As a result, you will be at risk of suffering a loss if you utilize them by either being conned or denied the chance to win. 

Utilize bonuses: At a site like FUN88, you will often get free bets. On top of that, you will get promotions such as boosted odds and cash bonuses. Such freebies are crucial to aid you to bet and possibly bag a win without staking real cash. And since they often have expiry dates, it is wise you take advantage of them as soon as you land them. 

Look for the best odds: Although rules and regulations govern how sites display odds, some platforms adopt the lowest cap to boost possible profits. In the end, bettors get lesser profits than they should. To be on the safe side, go for decent and lucrative bookies, which often have boosted odds. 

Withdraw winnings immediately: Cashing out winnings as soon as you win is a decent way to know which streak you bet. In other words, you should withdraw your rewards and leave the original deposit to see how you are performing and possibly devise better ways to bet. Click here to start winning bets at FUN88.

Get Betting Bonuses Offered By Bank Transfer

Surprisingly, you can get numerous tokens for using bank transfer to transact cash at online casinos and betting sites. Also, some financial institutions may give you some rewards during the instances you make a deposit or withdrawal. Below are some of what you should forecast: 

  • Welcome bonus: You can get this incentive or bonus at a betting site or financial institution. In both, you should first sign up and deposit cash. More often than ever, you will get the tokens as one-off offers.
  • Deposit bonus: You will collect this freebie at the gaming site and bank after loading cash of a certain amount. The good news is you may earn it regularly. 
  • VIP bonus: You will land this giveaway at both the bank and bookie if you transact or bet regularly. Its size may vary depending on your transactions and status. 

Bank Transfer – Safety And Security

It is obvious you want to make transactions in a safe environment. And considering you will be making payments online, you are probably wondering what mechanisms are at banks to safeguard you. 

Firstly, banks that facilitate online payment have anti-virus protection programs. That way, no malware can attack the systems or make them malfunction. The institutions also have security systems to screen data and block unauthorized or unsafe access to users’ accounts. 

Another safety measure is the use of SSL encryption on the sites. As a result, account holders make their transactions in a safe environment without the fear of exposing their details. On the other hand, there is the use of cookies to recognize and organize customers activities for synchronization purposes. 

There are also multi-factor authentication tools that often demand you verify your entity by answering questions or sending a code. Both measures help to tighten the security of customers’ accounts, despite PINs or Passwords.

Frequently Asked Questions

Yes. If the platforms have mobile apps, you are likely to relish the fingerprint feature incorporated.

That depends. However, most financial institutions will issue compensation if you report the issue within the outlined time in the terms and conditions.

No. You cannot cancel the deposit after it has been verified.

In most cases, the transaction takes two to five working days, depending on the financial institution you use.

That depends on your banking provider. Some institutions may charge a small fee, while others may allow free withdrawals of up to a certain amount.

Conclusion

That is all there is to make deposits and withdrawals via bank transfers. The most important bit is you use reputable financial institutions and betting sites. Also, assess your statement regularly to see if you will spot any suspicious payments. That way, you can inform the bank in time and possibly get a refund.

Now, please note that we aren’t a bank transfer provider nor related to any financial institution or betting site. Therefore, ensure you read the set terms before opening an account or signing up to bet. Nevertheless, our recommendation is you create your betting account at FUN88. Doing that will let you wager in a secure environment and deposit cash for free.