A fast bank transfer is a way of paying for goods and services by making a direct transfer of funds from the bank account of the buyer directly into the bank account of the vendor. This can only be done if both accounts are held in within the same country. If this is not the case, and the accounts are held within different national borders, an international transfer of funds is necessary. This will need to be done by a bank wire transfer.
Many online bingo sites will accept fast bank transfers as a method of payment on their sites. The larger sites, particularly ones operated by the big international bookmaking firms, are most likely to accept these payments. The procedure can vary a little from site to site, but in general you will need to click or tap on the “Fast Bank Transfer” logo on the payment options on the “Banking” or “Make a Deposit” page. After deciding the amount you wish to deposit, you will normally be directed to a page will gives you the account details of the site’s receiving account. You will also usually receive a unique reference number. You then give all these details to your own bank in order to initiate the transfer. It will normally take around three working days for your funds to reach your chosen site’s account, so that you can use them to pay for your bingo tickets or slot spins.
Organising a withdrawal using a fast bank transfer usually comprises the same process in reverse, but some sites will not permit you to make a withdrawal in this way, and just about all will charge a fee for doing so, to cover the additional administrative costs.
This method is not a particularly quick way of making payments to online bingo sites, neither is it likely to be free, but there are some advantages. This is particularly the case if you wish to make a large deposit. Most online bingo sites do not charge a fee for such payments, although your bank may still make a transaction charge or facilitation fee. Also, as you are using your own funds, there are no interest charges to pay, which you may incur if you were to use a credit card. There can be security benefits too, in that a direct transfer from account to account can be considered safer than some other forms of payment.
To find out which online bingo sites accept fast bank transfer payments, and which are the best titles to play on, just remember to consult our site reviews here at Busy Bee. Our dedicated team of reviewers check out all this vital information whenever we visit a site, so that we can give you the lowdown on all you need to know before deciding where to play your favourite game.