Local/Fast Bank Transfers Online Casinos

It’s no secret that modern payment options like eWallets, electronic transfer services, and virtual cards are becoming more popular by the day. These options tend to offer maximum convenience coupled with widespread reach, at least when the Western world is in question. Perks like speed, ease of use, and security are staples of these solutions, so it’s not hard to see why more old-school payment options are being left behind and replaced by these nifty newcomers. While these modern behemoths have plenty to celebrate, some old-school options aren’t giving up without a fight! One of these services is the Fast Bank Transfer. A classic banking solution through and through, this payment method combines the best parts of the new and old banking world to provide an unbeatable offer. If you want to learn more about it, here’s what it brings to the table.

About Fast Bank Transfer

When people hear the term Fast or Local Bank Transfer, they tend to think of the classic Direct Bank Transfer option available through traditional financial institutions. This way of thinking isn’t wrong. At its core, this service isn’t too different from a Direct Bank Transfer. It’s a staple option at nearly every bank worldwide, allowing users to make direct transactions to other bank accounts, whether they belong to companies, family members, friends, service providers, etc. Of course, there is one key difference that gives this particular iteration of the service an edge.

Unlike traditional Bank Transfers, Fast or Local Bank Transfers are defined by the terms in the name. They’re local transactions that cover the region you’re in. While this is somewhat of a drawback, since it limits users to operate within a single territory, the other part is a massive perk. As their name states, these transactions are much quicker than regular Bank Transfers. While the old-school option is known to take several days to process transactions, this one takes a maximum of one day! In the online gambling world, this is a big plus.

In general, people associate Bank Transfers with some inconvenience. Up until recently, using this service required a physical visit to the bank followed by long waiting times for the transfer to go through. This isn’t the case with Local Bank Transfers. This service was first launched in 2008, but it didn’t become popular until a few years later. Since it’s a more recent addition, it does include an online alternative, axing the need to visit a bank. Combined with its short waiting times, inconvenience isn’t a word we’d associate with this more modern version of a banking classic.

We’ve covered some of the biggest perks of using a Local or Fast Bank Transfer, but these are just the start. The service isn’t known solely for its speedier transfers, but for the excellent pros that stem from being a classic bank option. Since this service is now a staple in banks everywhere, its availability is through the roof! It’s a supported option in nearly all the best banks worldwide, and subsequently, it’s a viable option with local operators. This option also benefits from top-tier banksecurity. Since transfers are fostered through a classic banking system, they’re privy to high-end security protocols that ensure the money arrives as intended without a hitch.

Despite its many perks, this service does have a few downsides players should be aware of. The most obvious one is its limited reach. While Fast Bank Transfers are available in nearly every region, they only work within it. You can make international transfers, which limits users to visiting localoperators only. This can be an issue for players in countries where there aren’t many online casinos, to begin with. Another con to consider is the fees. Like most services offered by banks, these transfers are privy to additional charges. While generally reasonable, they can be annoying.

How to Start Using Fast Bank Transfer

Using Fast Bank Transfers is a simple task that doesn’t require too much work. Of course, this doesn’t mean you’ll have an easy time getting to it. Since the service operates as a part of various banks, the prerequisite to using it is having a valid bank account. Naturally, this process can be somewhat of a pain. It involves a mandatory visit to the bank and a bit of your time. The good news is, you can choose pretty much any bank you set your sights on. Local Bank Transfers are supported by nearly all banks worldwide, so no matter the provider, you’ll be privy to the service.

Before we provide a detailed guide on setting up a bank account, there is one thing we want you to consider. When choosing a bank, don’t jump into things blindly. Take your time to research your local options thoroughly and explore their various offers. Not all banks come with the same benefits. What’s more, even within the same bank, you might find that different types of accounts carry different perks. Take your time to learn more about these differences and choose a banking provider that best fits your needs.

With that out of the way, let’s proceed to the process of opening an account. The first step here is visiting the bank of your choice and requesting to open an account. The clerk will hand you a few forms to fill out. The paperwork consists of questions and empty fields that can inquire about your personal information. Don’t worry, these details are kept confidential. Once you fill out the forms, hand them back to the clerk. Here, you’ll also likely need to verify your identity. You can do this by providing a valid form of photo ID. The bank will review your submission and have your account ready shortly!

Now that you have an active bank account, there are two ways to make a Local Bank Transfer. The first is an in-person request through the bank. You can request one from the clerk and fill out therecipient’s information on the spot. You’ll also need to enter the transfer amount. That’s all it takes! The other option is far more convenient. Of course, we’re talking about performing one online. To do this, select the Fast/Local Bank Transfer option at checkout and enter the necessaryinformation in the pop-up form. This includes the recipient’s data, along with the transfer amount. Check if the info is correct. If the answer is yes, confirm the transfer. The money should arrive at its intended destination within a day!

Depositing and Withdrawing With the Solution

Depositing via Fast Bank Transfer is a simple process that won’t take up much of your time. While a lot of this is thanks to the service itself, most of it is the work of online casinos. Modern online casino operators have streamlined the depositing process for nearly all payment options. As a result, the steps you’ll need to follow are familiar and simple. Before we proceed to list them, we should note that this service only allows access to local online casinos. We recommend thoroughly researching these venues and their legitimacy before you settle for one. That said, here’s how to deposit:

1. Visit the casino’s Payments/Banking/Cashier page. 
2. Look for the Fast or Local Bank Transfer/Bank Transfer logo on the list of accepted methods and click or tap on it.
3. In the new window, enter the required banking information. In some cases, you might need to log into your online banking account too.
4. Specify the amount of money you’d like to deposit.
5. Confirm the transaction, and the money will arrive in your casino balance after a short waiting period.

Withdrawing through the service is just as easy and just as widespread as depositing. The steps you’ll need to follow to cash out are nearly identical, with a few minor changes that feel intuitive. Of course, the biggest perk here is the withdrawal speed you can expect. While you might need to wait a bit for the casino to approve your withdrawal request, once it does, an additional day is all that’s added to the tally. This isn’t the case with traditional Bank Transfers, which can often take up to a week to process!

Coverage and Restrictions

As we’ve mentioned a few times already, the name Local Bank Transfer comes from the service’s reach. While the option is widespread enough to appear in nearly every bank worldwide, users can only use it locally, for transfers within their own country. For example, if you’re in the USA, you can only use the service in US casinos. If you’re in the Netherlands, you can only use it on operators based in the Netherlands. This can be very limiting, especially for users in countries that don’t have many established online gambling operators.

Fees and Additional Charges

Since Local Bank Transfers are services connected to traditional banks, fees are almost a given. Players can expect to pay additional charges for transfers, but as you can probably guess, these will vary depending on the banking operator you’ve chosen. Generally, most banks charge reasonable fees for Fast Bank Transfers. These won’t affect your overall gambling budget drastically, but they can be annoying. To ensure you get charged as little as possible when using these services, do some research beforehand and open an account with a bank that charges lower fees.

Accepted Currencies

It’s hard to talk about the supported currencies for Fast Bank Transfers, as the service itself is part of a larger bank offer. As a result of this, the supported currencies for the service are those supported by the bank itself! Naturally, this means that the local currency of the country you’re in is likely on the list. If you’re in a Europe country, you can expect to pay in euros. If you're in the USA, the US dollar is the likeliest culprit. While some banks allow transfers in other currencies other than the local one, they might be subject to currency conversion fees.

Customer Support

The level of Customer Support you’ll receive related to Fast or Local Bank Transfers depends entirely on your chosen banking provider. If you run into any issues with the service, you’ll need to contact the bank for help. Luckily, this tends to be easy. Most banks offer phone, email, and in-person support, so you can reach out through multiple means. Of course, the quality of service you’ll receive will vary. Most banks are friendly, professional, and helpful, so you shouldn’t worry too much about finding a solution. Of course, this isn’t always the case, which is why it’s a good idea to read customer reviews beforehand.

Conclusion

Local or Fast Bank Transfer is easily one of the best deposit and withdrawal options players will run into nowadays. While it’s a more old-school solution than most, it covers all bases, granting users an array of perks that make the online gambling experience a positive one. Their global reach makes them a gem available in nearly all countries, but since they operate on a local level, players may feel limited by the scarce choice of venues in their region. If this is a non-issue for the territory you’re in, then this service is an excellent choice that’s bound to make you happy!

FAQs

Is Fast Bank Transfer safe?

Yes, the service is safe. Since it’s offered through traditional banks, it uses high-end bank security to ensure transfers make their way to their final destination without issues.

Is Fast Bank Transfer instant?

No, it’s not. It might not be instant, but its waiting time of about a day is much shorter than what you get with other similar options.

Where is Local Bank Transfer available?

Local Bank Transfers are offered through nearly every bank worldwide. The term local in the service’s name refers to where the transfers are viable. Through it, you can only make transactions within your country.

Do I need to create an account to use it?

No, you don’t. While you don’t need to sign up for the service, you do need a valid bank account with a bank that offers the solution.

Are there any fees?

Yes, there are. Since the service is a part of traditional banks, these institutions charge fees for transfers. Of course, these fees can vary depending on your chosen banking provider.