A local/fast bank transfer is a transfer of money between two bank accounts in the same country. This kind of transfer usually clears faster than a standard international wire transfer, but processing times vary by country. A list of local/fast bank transfer casinos is available on this page.
Depositing with a Local/Fast Bank Transfer
Some online casinos with a bank account in your country may allow you to deposit via local/fast bank transfer. Begin by logging into the casino and going into the cashier section. Find the “Local Bank Transfer” or “Fast Bank Transfer” option and follow the instructions you are given. Generally, you will need to provide the casino's account information to your bank, then let the casino know that you have sent a deposit. Your money, minus any applicable fees, will be placed in your casino balance within 1-3 days in most cases.
Withdrawing by Local/Fast Bank Transfer
If you would like to cash out money from an online casino, a local/fast bank transfer may be an option for you. Check the cashier and see if your country is listed by the “Local Bank Transfer” or “Fast Bank Transfer” method. If it is, just fill out the form with your bank information and wait for the money to arrive in your account. Some fees may apply.
Advantages of Local/Fast Bank Transfer
If you are lucky enough to have a casino with a bank account in your country, using the local/fast bank transfer option for deposits or withdrawals may be a good idea. Thisletely eliminates the need for third-party services, which gives you much more control over your gambling bankroll.
The local/fast bank transfer is almost always faster than an international wire transfer, and cheaper as well. Some banks in certain countries can even send and receive these without charging you a fee. We rend consulting your bank and your casino for more specific details.
Disadvantages of Local/Fast Bank Transfer
Unfortunately, the local/fast bank transfer is not instant. Although it is generally faster than a standard international wire transfer, the casino will still need time to process your deposits or withdrawals manually. If you would like to have your deposit available immediately, consider using an e-wallet, cash voucher system, or credit card instead.
Local/fast bank transfers are not available in all countries. If you live in a region without this availability but do not want to use a third-party service, you will need to use an international wire transfer instead.