Fast Deposits & Cash Outs at Instant Banking Casinos
Instant banking is the fastest way to deposit money at an online casino. If you’re in the mood -right now- for some online slot spins, hand or real money blackjack or guessing red or black on roulette, this is the casino banking method for you!
Besides being fast, it’s also safe, as you do the transfer in your own online bank. The casino never receives your banking information, only the funds you send, so the process is 100% safe.
Benefits of instant banking casinos:
- No waiting: instant money transfers
- Safe & secure: Use your own online bank
- Free: No transfer fees
- Easy to use: You already know how to use your own online banking!
- Good for bonuses: this payment method is eligible for all bonuses
No wonder players in New Zealand prefer to use instant online bank transfers to fund their accounts. And if you get lucky and win big at Betways casino or another instant banking casino, it’s super fast to cash out too; you’ll be enjoying your cash immediately! If you wish to use this banking method, choose UseMyServices (formerly UseMyBank / UseMyFunds) at a cashier of an online gambling site.
Limits: minimum and maximum deposits and withrawals
Instant banking transfers have low minimum and high maximums. This applies both to depositing at a casino and withdrawing at one. Note, that the exact numbers depend on the gambling site and your VIP status. The higher your loyalty status with the casino, the higher the deposit limit is. Below are average numbers from UseMyServices casinos that accept NZ players. All sums in NZD.
|Minimum cash out||$20|
|Maximum cash out||Unlimited|
|Cash out fee||Free|
How to make an instant deposit at a casino
Instant bank transfers are provided by a third party payment processor called UseMyServices. It’s a service similar to Poli and Paypal, except it concentrates on NZ gambling transactions which are shunned by both Poli and PayPal.
Here’s how you make an instant bank transfer at a NZ casino:
- First, go to the casino’s cashier
- Then, choose UseMyServices as the the banking method
- Select your bank
- Login using your normal banking password and ID
- Choose how much to deposit
- Ok the transfer
- Start playing – instantly!
When you’ve deposited, you’ll receive a notification from the casino site that the funds have arrived. This’ll happen as soon as you hit the last “ok” of the payment process, as there’s no waiting involved. Once your funds arrive, so will all the bonuses and free spins your first deposit makes you eligible for!
During this whole process neither the gambling site nor the payment service have any access to your personal banking details, so they stay safe & sound.
Note: While useMyServices is the popular one in New Zealand, some casinos may use a service called Citadel Payments for instant bank transfers. Using Citadel works in a similar way, just use your banking info for a transfer and you’re good to go!
All major NZ banks supported
You can use instant online banking to pay for your gambling as long as you have an account with any NZ-based bank. All banks are equally good for transferring money in and out, there are no differences between them.
Banks for instant gambling transfers:
- ANZ Bank New Zealand
- ASB Bank
- BNZ Bank of New Zealand
- Cooperative Bank
- SBS Bank
- Rabobank New Zealand
- TSB Bank
- Westpac New Zealand
All online casinos that have instant banking as an option support this same list of banks. This is because casinos, including Betway, LeoVegas, Jackpot City and others, all have UseMyServices as the payment processor.
Free of charge!
Using online banking to fund your account instantly is free. Unlike with credit cards, there are no costs what so ever.
This low price is definitely a plus. Casinos can charge up to 3% of the transfer when you use a credit card like Visa or Mastercard. On the other hand, using your online banking costs nothing. With a $200 transfer this translates into $6 more to play with. While not the biggest difference in the world, $6 is 24 spins of Mega Moolah and thus 24 more chances to become a millionaire!
Cashing out your winnings
If you win, you can use the online banking option of your chosen online casino to cash out. How long it takes to cash out depends on the casino.
The fastest paying casinos like Rizk and Wildz pay out practically immediately after you’ve first verified your information. When you use online banking as your cash out method, this is an unbelievably fast way of cashing out: the casino accepts your withdrawal request in minutes and then the funds are on your account in an instant. You’ll be enjoying your winnings in minutes!
Some older casinos, like Jackpot City or Zodiac Casino process cash outs slower. With these gambling operators it’s normal that you need to wait up to 48 hours for your funds.
Securing casino bonuses
Online casinos are happy to hand out free spins, deposit bonuses and other perks to new customers. As a new player you’ll get all these goodies as long as you use one of the deposit methods that are eligible for bonuses.
The good news here is that by using UseMyServices / instant online banking you’re eligible for all welcome bonuses casinos offer. Credit cards and Paysafe are not always eligible for bonuses, but UseMyServices is. So you don’t need to think about any of this, simply enjoy the slots action!