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Introduction
As an online casino player, you know you have a variety of sophisticated, cool, and convenient payment methods to use for your deposits and withdrawals, but you see that standard solutions like the cashier's check are also at your disposal. And while you must be wondering why use this rather outdated solution for your online casino transactions when you have all these other modern options, if you stay with us, we'll give you more than one reason why. To give you a hint, this solution is offered across many sites as an alternative, in case you don't have an account with a more current solution, as it allows you to transact in your native currency, regardless of your country of residence. Its truly global availability is one of the main reasons why you should consider using it, but stay with us to learn about the others. Why use a cashier's check at an online casino for your deposits and withdrawals?
About Cashier’s Check
No one is absolutely certain when checks appeared; there are claims that this piece of paper that substitutes cash first appeared in the 17th century in England, the United Kingdom. And while there is evidence that it emerged there, when did that happen, we cannot say with certainty. Nevertheless, while it first appeared in England, it quickly got introduced in many other European countries, to later on be offered all across the globe. It is believed that the first international check network dates back to 1969, but it was in the 1990s when this payment solution was at its peak.
Its popularity grew steadily throughout the 19th century and continued until the beginning of the 20th century. Now, as you may as well know, in the 20th century its popularity declined due to the invention of more modern and more convenient solutions. Nevertheless, the solution is still in function, and offered all across the globe, in different shapes and forms.
In fact, there are so many different types of checks that are still in circulation, but the cashier’s check is one of the safest and easiest to use. Like most checks, you need to have an active bank account to use it. While with standard bank drafts, the money is drawn from your personal account, you’re the drawer and the bank is the drawee; with this cheque, the bank’s employee or otherwise known as the cashier, is the one that guarantees the legitimacy of the check, so the bank is both the drawee and the drawer.
In other words, the bank guarantees that the money will be drawn from the bank's funds after the cashier signs it. That's why the cashier digs deep into your transaction history and current account state, to allow the guaranteed funds to be processed. That’s one of the main reasons why this type of check is mostly used in real estate and brokerage transactions. But, that doesn’t mean that they are limited to these transactions only. In fact, you’d be surprised to see how many online casinos are offering for deposits and withdrawals, and how many players are actually using it, in the lack of better options mostly. So, in case you get in a similar situation and wish to use it, continue reading to find out how.
How to Start Using Cashier’s Check
If wondering how to get one, it is important to know that cashier's checks can only be issued by a bank or credit union. Therefore, you must have an active bank account with a bank in order to be able to get one.
This check is more secure than, say, a personal check, as it is drawn on the bank’s funds instead of your personal funds, so to get one, you should be prepared for identification. Before you go to your bank to ask for one, make sure you are equipped with the required identification documents. Also, double-check the information of the person or eCommerce site you're paying. So, you need a government-issued photo ID, your bank account number, and the payee's correct details.
Since the bank debits the amount from your account, or you pay the cashier in cash but assumes the responsibility for covering the check, you would need to come prepared. The cashier's check will have the name of the issuing bank at the center or the top left corner of the paper, but also a security tread, color-changing ink, special bond paper, and watermarks, which are used as security features to guarantee for the legitimacy of the check. On the front page, you have the payee's details and tracking details, as well as the amount to be sent. At least one bank employee needs to sign it, with some banks, two of them need, depending on the amount in question.
Contrary to the past, when these checks took weeks to clear, at present time, cashier’s checks are cleared within 48 hours. And while today, you have so many faster methods to use, this solution is players' first choice for withdrawals, thanks to its reliability and security. Many use it for deposits, too, in the lack of better options, so make sure you stick with us to learn how to make deposits and withdrawals with it across the various sites that offer it.
Depositing and Withdrawing with the Solution
We must address the elephant in the room right away, and inform you that the cashier’s check won’t be an option across thousands of online casinos, due to the fact that so many alternative solutions have been introduced, but you will still find hundreds that still offer it. In most cases, though, it is offered for withdrawals, but there are some casinos that also offer it for deposits. That’s mostly due to the processing times, and the fact that players love using methods that process deposits instantly, while they don’t mind waiting for their winnings to arrive in a few days, as long as they are processed safely, like with a cashier’s check.
Nonetheless, if you wish to use it for deposits, find yourself a casino that offers it for deposits. Assuming you have found the one, register a player account with it. To fund your account with a cashier’s check, do the following:
- Head over to your bank and ask the bank cashier to get you a cashier’s check.
- Once your check has been approved, enter your registered player account.
- Select Cashier’s Check from the list of Deposit Methods on the Banking page.
- Replicate the check’s details in the appointed fields.
- If not pre-entered, contact Support to get the exact banking and company details for the casino operator.
- Confirm the request and wait up to 48 hours for the money to arrive in your balance.
Mostly popular for withdrawals, a cashier’s check is incredibly convenient to request a cashout with. You just need to select it from the list of Withdrawal Methods on the Banking page.
After the form appears, enter your full name, address, and banking details. Set the amount you wish to cash out and wait for the casino to do its part of the procedure. Expect an additional 48-hour wait, though, since the operator will need to look over your request and then complete the procedure, assuming your request was approved. Your check will arrive via mail or a courier service in a few days in total. You’ll need to show an ID to cash it out at the bank or you can deposit the check at any ATM, to cash out your winnings.
Coverage and Restrictions
We already introduced the cashier’s check as a solution with global availability, so rest assured that no matter your country of residence, you’ll be able to use it across online casinos.
Bear in mind, though, the online gambling regulations and restrictions in your country. Unless online gambling is completely legal in your country, using a bank-issued check across online casinos won’t be the wisest idea. Your transaction will be marked on your bank account statement, therefore, make sure you use it only if you’re a player from a country with legal online gambling.
Fees and Additional Charges
There’s no way around the fees charged for transactions with this solution, unfortunately. Thankfully, these fees are not hefty but only covering for the basic transfer costs.
Usually, they are in the range of $7 to $11 (or currency equivalent), but the exact amount really varies by bank. Each bank charges fees for issuing cashier’s checks, so you better contact your bank to learn more about the expected fees when using this solution.
Accepted Currencies
Since the currency your bank account is in is usedfor the transaction, you can rest assured that you will be able to use your local currency to transact with this solution.
Regardless of which currency that is, as long as it is supported by your casino, too, you’ll avoid paying added exchange fees. If you’ve managed to find such a casino that supports your native currency, the transfer fee charged by the bank will be the only fee you’ll need to pay when using this solution for your deposits/withdrawals.
Customer Support
In case you need assistance when using this solution, you better contact your online casino’s Support team to guide you through the steps you need to take to successfully make a transaction with it.
However, in case you have any questions about how the solution functions, or you want to ask about the fees involved, you should contact your bank. The Support agents will explain everything to you, and even assist you in case you’re experiencing some issues with your transactions.
Conclusion
We cannot sugarcoat the fact that the cashier’s check is an outdated payment method, when so many alternative, modern solutions exist today, that are perfectly offered across the top online casinos. However, if you’re looking for a solution that allows for secure, guaranteed transactions in your native currency, do not dismiss the cashier’s check, as it will exceed your expectations.
FAQs
Do many online casinos offer the cashier’s check for deposits?
Actually, not that many casinos do. Even though hundreds of them offer it for withdrawals, only a few dozen offer it for deposits, as the solution is far more convenient for cashouts than deposits.
Can I cash out a cashier’s check that I received from a casino at any ATM?
Yes, as long as the ATM offers the functionality. All you have to do is endorse it before you insert it in the machine and then identify your bank account using your debit card.
Why should I use the solution for deposits?
If you don't mind waiting for a couple of days for the money to arrive at your casino balance, this solution is one of the safest to use across online casinos, as the transaction goes through your bank. But since most don't want to wait for so long, they prefer using it for withdrawals.
How do I know that I will receive my winnings for sure when I make a withdrawal with this solution?
You can rest assured that once your withdrawal has been approved and your winnings sent via this solution, you will receive them. Banks are behind it, so as long as the check is cleared, you will get your money in full.
Do any deposit/withdrawal limits exist for transactions with a cashier’s check across online casinos?
Yes, actually, but these are charged by the operators, not the banks involved. Any amount of money can be sent via checks, but operators, due to regulatory rules, must limit the amounts that can be received/sent.
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