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Deposits are processed instantly across online casino platforms nowadays, but the same can be hardly said about the bank wire transfer cashout requests, as they can take up to a full 7 workdays before crediting the funds to your bank account. Bank Transfer (ACH) is a widely used payment processing option for online casino players. It can be used for deposits and withdrawals. Bank deposits are processed quickly, typically 10 minutes by 888. Withdrawals can take up to 6 days to process, since further verification is required.

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Page updated on: 12.05.2020

EPS stands for Electronic Payment Standard. The system was developed by the banks in Austria together with the government and it's aimed to make online bank transfers quick, safe and easy. Now, over 80% of Austrian online shops and vendors support payments with EPS.

The payment option is only available for users in Austria, or with an Austrian bank account. Every Austrian bank is supported. The system eliminates the processing time of regular bank transfers, as your account is debited immediately and the vendor credited instantly.

Advantages

• Free of charge for users
• Instant bank transfer

Disadvantages

• Only for users with an Austrian bank account
• Not widely accepted at casinos
• Payments appear on bank statements

All EPS Casinos:

This list provides you an overview of the best online casinos with EPS as a payment option. Each of these casinos has a good player reputation and is fully licensed. By taking a look at our reviews you can find out more about the payment policies of the casino, games, bonuses and more.

Showing casinos for players from Germany

How does EPS work?

The payment option EPS is an instant bank transfer system. The payment system performs an instant bank transfer directly from you bank account while eliminating the bank processing time of a bank transfer.

A bank transfer usually takes a few days processing time, which is not the case with EPS. This debiting system will charge your bank account and the vendor or casino will be paid immediately. A few days later you'll see the charges on your bank account.

Casino deposit with EPS

Using EPS for the casino deposit is simple. Enter the amount you wish to transfer to the casino and select the payment method from the list of available methods. Then you'll need to select your bank from the list of banks and you'll be redirected to your online banking to which you have to log in. You need to confirm the payment with a transaction number from your bank.

Once the bank has accepted the transfer, the money will be available in your casino player account within moments and you can start playing the casino games.

Casino withdrawal with EPS

EPS cannot be used for the casino withdrawal, but it's possible to request a regular bank transfer. This transfer will take a few days processing time after the transfer has been initiated by the casino. Keep in mind that an online casino will check the withdrawal request and may require you to verify your identity before sending you the money.

The casino processing time can take between a few hours or days, which will make the total time of the withdrawal longer, but you can speed up the process by verifying your identity with the casino before requesting any withdrawals.

Conclusion

EPS is a convenient payment method for users from Austria who want to make a casino deposit from their bank account but don't want to wait a few days for the money to arrive in the player account. The EPS deposit is instantly credited to your account after the bank accepted the payment.

A small drawback is that EPS charges will appear on your bank statement, which makes it less anonymous, and if you don't wish o have casino charges on your bank statements, you might want to consider a more private payment method, such as for example Neteller or Skrill e-wallet.

Furthermore, the payment option cannot be used for an instant withdrawal, and you might have to wait a few days for your winnings. There are e-wallet options available which allow for fast deposits and withdrawals.

Overall, EPS is a very safe payment method, especially for online transactions, as every transaction has to be confirmed with a unique transaction number, making fraud very difficult if not impossible.

FAQ

♦ Which currencies are supported with EPS accounts?

EPS only supports payments in Euro. If you use it to transfer funds to another currency account you can expect to pay conversion fees, which may be hidden in an exchange rate that is unfavourable for the user.

♦ What are the fees for EPS?

The fees for EPS are usually carried by the vendor or casino offering the payment method. However, some casinos pass on the fees for payment processing to their users, so it's best to take a look at the payment policies of the casino before depositing.

♦ How long does it take to send or receive money with EPS?

A payment made through EPS is instant and you can start playing casino games within a few moments after the payment has been accepted by your bank.

♦ Can I use EPS in online or mobile casinos?

There are a few online and mobile casinos available that accept EPS payments, and you can find an overview of the best ones here at CasinoDaemon.com, including detailed reviews and more.

♦ What are the minimum and maximum transfer amounts with EPS in casinos?

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The minimum and maximum transaction limits depend on the casino's policy. Most online casinos accept deposits from €10, but some have higher limits. Similarly, the withdrawal may start from €10 or €20.

How much you can transfer in one transaction also depends on individual casino policies, but in general, the limits are higher than with some other payment methods, due to the nature of the bank transfer.

♦ Can I get a casino bonus with EPS?

Some casinos offer players from Austria a casino bonus, and you should also be able to claim this bonus with an EPS payment. Sometimes, certain payment methods are excluded, like Neteller or Skrill, and you can't get a bonus with them, but EPS is usually not excluded. In any case, we recommend reading the bonus terms of the casino.

♦ Is EPS a safe payment method?

A transfer with EPS is safe, as you login with your online banking details to your bank, and then confirm each payment with a unique pin. Furthermore, every casino uses SSL encryption nowadays and they are also not informed about your online banking login details.

This payment method is very safe to use for online payments, also because it was developed by the Austrian government in collaboration with the banks.

UK players who don’t want to deal with e-wallets and credit cards can still deposit at online casinos by using bank transfers. Bank wires have been around since the early days of banking and almost everyone that has ever had a bank account is familiar with bank wires. The difference with making a bank wire online is that you don’t actually have to go to the bank to initiate the wire transfer. It can all be done right on your computer screen with just a few clicks of your mouse.

If you want to begin playing casino games right away, you will want to choose the instant bank transfer option. It will take a couple of days for the funds to be transferred using regular bank transfer, but with instant transfer the casino credits your account instantly. The funds will be taken from your bank account a few days later, but you don’t have to wait for that to happen before you can begin playing.

Our recommended UK online casino for bank transfers in 888 Casino. You can choose to either use regular bank transfer or instant bank transfer at 888 Casino. The process is very easy to initiate and complete and can be done in British pounds.

Best Instant transfer casinos for UK Players

Bank Transfer or Instant Transfer?

Many UK players have asked us which bank transfer option they should choose. The answer to this question really depends upon the player. Once a regular bank transfer is initiated it takes a few days before the money actually appears in the casino account. So, you would not have the money instantly to play with. You may want to initiate the transfer a few days before you want to play. If you are planning to play casino games on the weekend then you will probably want to initiate the bank transfer on Tuesday or Wednesday to insure the funds will be in your account.

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On the other hand, once you request an Instant Transfer the money is immediately in your casino account. Some casinos for UK players charge a small fee for this service, but some do not. It just depends on the casino. The advantage of this method is, of course, the fact that you will be able to play real money casino games instantly. The money will be withdrawn from your bank account a few days later.

You will be able to complete either a regular bank transfer or an instant bank transfer directly in the casino cashier area. You will just need to enter your bank account number and routing number. You will probably be asked to provide documents to verify your identification before you will be able to initiate a bank transfer. The casino will usually request a picture ID and a current utility bill. This is to ensure that the person trying to make a deposit is the actual owner of the bank account.

Advantages and Disadvantages of Bank Transfers at UK casinos

Bank Transfers and Instant Transfers are very safe ways to fund your account with a UK friendly online casino. Almost everyone has a bank account. You will simply need to enter your bank account information to deposit funds via your bank account. Deposits via bank transfers are very secure. You will not have to worry about the safety and security of your information. The UK casinos that we recommend use the best encryption software available. This means that your bank account information will be encrypted so that no third party will ever be able to steal your bank account information.

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Another advantage of depositing at a UK casino using a bank transfer is that once you have made a deposit using this method you will also be able to withdraw funds from your casino account with this method. Cashout requests via bank transfer are usually processed within a few days, and the money is in your bank account within a week or less. If you were to request a check from the casino, it can sometimes take up to a month to receive your cashout.

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The advantages of depositing at an online casino for UK players with bank transfers and instant transfers definitely outnumber the disadvantages. There are very few disadvantages that I can think of. One disadvantage is the time you have to wait when depositing via a regular bank transfer, but this can instantly be corrected by using Instant Transfer. Another disadvantage to some British players would be entering their bank account information. Some players do not like to disclose this information to online casinos. If you are uncomfortable entering your bank account information at an UK casino, then we highly suggest you choose an e-wallet such as PayPal or Click&Buy.

Can Bank Wire Be Used On the Go?

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There are some mobile casinos that offer wire transfer or instant bank transfer as a banking method to mobile players from the United Kingdom. To check whether a casino offers this method, visit the cashier or the Banking page. If it does, follow the same instructions as mentioned above and make a deposit.