eCheck / Instant Check Casino Deposits

Echeck / Instant Check casino deposits is one of the most popular ways to fund a casino account because it allows you to transfer money directly from your checking account using the numbers on the bottom of a check.  Learn how it works and some of the best casinos accepting echecks in our review below.

Online Casinos Accepting eChecks

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If you have a bank account, you are probably familiar with a check, if you have any sort of electronic payment account such as PayPal or Moneybookers, then you can easily send an eCheck. Additionally, many standard bank accounts will draft an eCheck, but identify it as an EFT (electronic funds transfer). Whatever way it is viewed, an eCheck sends a payment which has been deducted from a cash-bearing account. An eCheck is also a two-way funding arrangement, and can be used to withdraw funds from one online account to be deposited in another. The most common use is for an online casino gamer to withdraw their winnings from their casino account, and deposit them into a registered bank or payment processing account without waiting around for a paper check to arrive in the mail.

Why would casinos accept eCheck deposits ? Realistically, an eCheck will clear the bank in the same amount of time as wire transfers, and are among the safest and most convenient ways of making “real” money (rather than credit card) payments into a casino account. This is important to note, because the acceptance rate of credit card transactions with the majority of online casinos stands at less than forty percent. This means that less than forty out of every one hundred credit card transactions are actually accepted and processed by banks. This is due to concerns about fraud and identity theft, and also because some banking regulations are unclear about online gaming payments.

Do many casinos actually accept an eCheck payment or withdrawals? Yes, many of the most popular online casinos are happy to work with an eCheck in either direction. Currently such sites as English Harbor, Intertops, Casino Action, Blackjack Ballroom and First Web Casino provide their customers with eCheck casino arrangements.Something to remember is that an eCheck payment is a good choice for players hoping to really monitor their wins and losses because any deposits are with real cash that is currently contained within their registered checking, savings or payment processing accounts. This means the cash must be in the bank in order for the eCheck to head to the casino’s electronic deposit accounts.

This also means that any withdrawals are converted instantly into cash in the registered account as well, and after the standard two or three day hold, they are able to be withdrawn or used in any way the online gamer would like.Currently, eChecks are a payment mechanism used around the world and there are very few banking systems unable to properly transfer funds in an entirely electronic format between consumer and business accounts. Before registering with an online casino as an eCheck customer, however, check directly with your bank or payment processing company as not all are currently able to provide both payment (deposit) and withdrawal eCheck arrangements.

Remember too, that because a bank or payment processing company or even an online casino lists eCheck options among its financial arrangements, it does not mean that the casino can accept all registrations. Be sure that the sites where you would like to play can accept players from your country before handing over financial data like eCheck information.

 

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