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Bank Transfers

Bank Transfers Casinos - Online Casino Bank Transfers Payments

Of it ain't broke, don't fix it, and the oldest method for transferring money from account to account is a very good option for online gamblers. Using bank wires for paying money into your player account is a very popular method nowadays due to the fact that it means players don't have to deal with credit card companies and so it’s a method of payment that so far hasn't been legislated against.

Bank Transfer History

The first bank in history was called the Bank of St George and originated in ancient Rome. This model for a centralized location where wealth can be securely stored and transactions can be carried out caught on and became the model for the entire world.

Online Banking actually precedes the World Wide Web and was pioneered by a New York bank called The New York Beacon way back in 1981. This new service was actually banking conducted over the telephone and became the model for all the other types of online banking we now routinely use today.

True Online Banking as we understand it today came about in the late 1990s as the Internet revolution spread, as bandwidth and security improved and as more users came online.

Nowadays online banking is one of the biggest methods for communicating with you bank and conducting transactions. This eliminates the need to go to a real bank and wait in line.

General Info

Nowadays all banks have some sort of online banking feature that they offer to their customers. What this basically involves is having access to your accounts via the internet. From there you can conduct transactions like pay bills online, transfer funds from one account of yours to another or even make wire transfers to other bank accounts.

Bank transfers remain one of the most secure, simple and inexpensive methods of moving money around. The greatest thing about this method is that it can be done from the comfort of your own home but one of the cons of using this system is that it does take longer than other transactions to complete. Wire transfers can take up to five working days to be processed.

Regardless of these drawbacks wire transfers are still one of the safest and easiest ways to transfer money from one account to another.

Different Types of Bank Transfers

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