Casino Banking is a core part of your online casino experience when it comes to real money casinos. Most online casinos offer a variety of deposit and withdrawal options, but it’s always a good idea to check these options before signing up for an account with them. To maximize your enjoyment in a casino, you should get to know a little more about casino banking.
With so many Internet gambling sites offering real money gaming, it’s difficult to choose a good payment service. Let our team of expert players walk you through the different methods and how to use them so that you can decide for yourself. We guarantee that all banking options mentioned on New Zealand Casinos are safe and reliable.
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Casino Banking Deposits
Everyone in the gambling world has a different opinion on what the best way to deposit funds is. This debate started because some players don’t really trust online casinos, no matter how secure or regulated they are. Other players, however, do feel some trust for online casinos. With top of the line encryptions and New Zealand gambling laws in place, regularly audited and tested online casinos are at your fingertips on New Zealand Casinos. Below are some of the most popular and safe methods of banking you can use in any casino.
Casino Banking Credit and Debit cards
Perhaps the most common form of casino banking, credit and debit cards one of the most convenient ways to deposit and withdraw funds from your account. The nature of this method means that there is no middleman, and therefore less chance of the transaction being declined or going astray.
Examples of widely accepted Credit and Debit cards are:
Casino Banking E-wallets
This is one of the best methods for Kiwi gamblers who are concerned about security in online casinos. The e-Wallets act as a go-between for players and sites, adding a level of safety for the players. However, this is sometimes a two-step process for deposits because you have to authorize a transfer of funds to your e-Wallet and then transfer it into your casino account. The same authorization methods go for withdrawing from your online casino account. One of the benefits of e-Wallets is the instantaneous transfers from account to account, as opposed to other methods. With Credit and Debit cards, it will take about 3-5 days to clear. Some examples of good e-Wallets are:
Casino Banking Prepaid cards
This type of casino banking is popular amongst players because cards can have a set amount of money put on them and then be loaded onto an online casino account. They have almost the same security advantages as e-Wallets, as there is no direct link between your bank account and your online casino account. This helps you to ensure that you never lose track of how much you’ve spent in the casino. The drawback of this method is that it is not entirely convenient to players, because you need to go to the shops to get one of these cards.
Just like e-Wallets, there is also a two-step authorization process. Unfortunately, you can’t withdraw your winnings onto these prepaid cards. However, your transactions will be instant, and there shouldn’t be transaction fees. A few prepaid cards you should be familiar with are:
Casino Banking Wire transfers or EFTs
For those who trust in the security measures at online casinos, there is always the option of wire transfers. This is a widely accepted method of banking with many different online casinos. And allows you to transfer funds directly between your bank account and online casino account.
Casino Banking E-checks
One of the less popular casino methods available to players, an e-Check, works the same as a standard check. However, this is all electronic, unlike a regular check. The player fills out a check and sends it to their chosen casino. This is probably the most secure form of casino banking, but also the most time-consuming. Online casinos check this kind of payment carefully, ensuring that everything is right. This is what makes everything slower, so expect a delay longer than most other methods.
Casino Banking Withdrawal limits
One of the most important things to check with online casino banking is to check the withdrawal limits of your casino of choice. Almost every online casino has a maximum daily or weekly withdrawal limit, put in place to protect themselves from withdrawals like NZ$1 million. It’s important to check withdrawal limits, especially if you get lucky. We at New Zealand Casinos also recommend checking if the withdrawal limit applies to progressive jackpots. Most online casinos will have separate rules for progressive jackpot games because the normal limits would amount to players needing a few years to withdraw their winnings.
Casino Banking Safety and Security
When transferring funds to online casinos, it’s always good to practice caution. Checking that there are many options to bank with and that you feel comfortable using is the best way to ensure your safety. You don’t want to use a casino that limits your choices and makes you feel unsafe to use their facilities.
Casino Banking Details
For any online casino, it’s important to keep your personal banking information safe. Any customer service team for an online casino will not need your personal details to assist you. They only need your general information, so be sure you don’t accidentally give any private details that might allow someone to have access to your bank account. We also advise keeping all of your other banking methods as secure as possible, to prevent fraud and any other problems.
Casino Banking Encryption
It’s important for any online casino of your choice to use 128-bit SSL encryptions, and you can check this in your navigation bar. If there is a small green lock or a green block covering the address of the casino once you’ve logged in, the site is secure. This ensures that your data cannot be hacked or used for any reason excepting by you or the casino.
If you do choose to use and e-Wallet or prepaid card, check that your casino of choice has that option of payment or withdrawal available to you. Not all online casinos accept e-Wallets or prepaid cards, so it’s better for you to check, these will be listed when you sign up.