Our team of payment specialists has thoroughly reviewed bank transfers, which stand out as one of the best payment options available for online gaming platforms.
We consider factors such as transaction speed, fees, and the advantages and disadvantages. So whether you’re depositing or withdrawing, you can trust us to help you make an informed decision.
Comparing Bank Transfer Casinos
Strict regulations govern bank transfers throughout the gaming sector in New Zealand to guarantee safe and effective financial transactions. Under the direction of Governor Adrian Orr, the Reserve Bank of New Zealand is in charge of these laws, which give banks and online gambling sites a stable environment.
I’ve compiled a table detailing the casino’s signup bonuses, associated fees for deposits and withdrawals, and withdrawal times to simplify your decision-making process.
Bank Transfer casino in NZ | Welcome Bonus | Deposit Limit | Withdrawal Limit | Withdrawal Times |
---|---|---|---|---|
LeoVegas | Up to $2,000 plus 200 free spins | Up to $1,000 | $10 – $35,000 | 2 to 5 working days |
Royal Panda | Up to $1,000 plus 300 free spins | $10 with no cap on the maximum deposit | $10 with no cap on the maximum withdrawal | Up to 5 working days |
Lucky Dreams | Up to %4,000 plus free spins | $30 – $100,000 | $300 – $6,000 | 1 to 5 working days |
BetandPlay | Up to $2,500 plus 300 free spins | $20, the maximum deposit limit is not specified | $20 – $15,00 per week | 5 to 9 working days |
JustCasino | 100% up to $500 plus 100 free spins | $30 – $10,000 | $300 – $6,000 | 2 to 7 working days |
Rizk | 100% up to $1,200 plus 50 free spins | $10 – $2,500 | $20 – $200,000 | 2 to 5 working days |
Winawin | 100% up to $750 plus 100 free spins | $20 – $4,000 | $20 – $750 | 5 to 7 working days |
MrBet | 150% up to $270 | $10 – $7,500 | Not Specified | Up to 3 working days |
Mirax Casino | 100% up to 1.5 BTC plus 100 free spins | $10 – $4,000 | $500 – $4,000 | 2 to 5 working days |
7Bit Casino | Up to $10,800 plus 250 free spins | $20 – $8,000 | $400 – $8,000 | 1 to 5 working days |
How Can a User Verify That an Online Casino Accepts Bank Transfers?
To verify if an online casino accepts bank transfers, a user can check the casino’s payment options section, consult the FAQs, or contact customer support for confirmation.
Making Deposits With Bank Transfers at Casinos in New Zealand
To deposit with a bank transfer at online casinos in New Zealand, you can follow these steps:
- Log In to Your Casino Account
- Navigate to the Deposit Section
- Select Bank Transfer as Your Deposit Method.
- Enter Deposit Amount
- Provide Bank Details.
- Confirm the Transaction
- Complete the Transfer via Your Bank
- Play your Favourite Casino Games
Most online casinos in New Zealand offer the flexibility to make bank transfer payments through desktop and mobile platforms. Whether you prefer using your bank’s app or website, this method is recognised for its safety and security and caters to the options provided by the casino.
How To Withdraw Your Winnings Using Bank Transfer
Withdrawing your winnings via bank transfer is a straightforward process. Here’s a step-by-step guide:
- Log In
- Navigate to the Withdrawal Section
- Choose Bank Transfer
- Enter the Withdrawal Amount
- Provide Your Bank Details
- Confirm the Withdrawal
The ANZ banking transaction fees for bank transfers in New Zealand are as follows:
- Transfers made using ANZ Internet Banking and the ANZ goMoney app incur a 5 NZD transaction fee. However, transfers made using these techniques to certain Pacific countries are currently fee-free.
- The fee for transferring money in person or through ANZ Phone Banking is 28 NZD for each transaction.
The ASB banking transaction fees for bank transfers within New Zealand are as follows:
- For Transfers by Phone or Internet Banking: When transferring funds from a different New Zealand bank through a branch, contact centre, or business banking center, a fee of 15 NZD is assessed for each transaction.
- Regarding Non-ASB Clients: When notes are sent to non-ASB clients, a 5 NZD charge is applied to the initial $1,000 (or portion thereof) of each transaction.
The Bank of New Zealand (BNZ) charges the following fees for bank transfers:
- There are no fees for setting up or modifying electronic payments through Internet Banking, Business Internet Banking, or automated telephone services.
- A fee of $5 applies for any transactions established or amended with the help of bank staff.
- Same-day Cleared Payments: A fee of 25 NZD is charged for applications submitted in writing, regardless of whether a notification is provided.
The Westpac banking transaction fees for bank transfers in New Zealand are as follows:
- Transfers made via online banking are subject to a $10.00 transaction fee.
- If the transfer is conducted in-branch or over the phone with staff assistance, it costs NZ$30.00 per transaction.
Please be aware that these costs could change at any time, the best method to find out the most up-to-date charge schedule is to contact your bank. Furthermore, there can be additional costs related to certain kinds of domestic transfers or international transfers, therefore, it’s best to check the bank’s website for the complete fee schedule or get in touch with customer care for more details.
What is The Transaction Limit For Bank Transfers?
The amount that can be transferred between banks in New Zealand varies based on the kind of transaction and the bank. It is important to confirm the exact restrictions with the individual bank as they may vary for personal and commercial accounts and are subject to change.
Here are the leading four banks under the regulation of the Reserve Bank of NZ.
- ANZ – Payments between $1,000 and $10,000 per day
- ASB – Without a Netcode, you are able to make $1,000 worth of payments per day. With Netcode, payments can be made up to a daily total of $100,000.
- Bank of New Zealand – Through internet banking, you’re able to execute single transactions up to $50,000.
- Westpac – The maximum amount for all domestic cards is $10,000, and $20,000 if electronic online transactions are made.
The Advantages of Using Bank Transfer in Online Casinos
Using bank transfers in online casinos comes with several advantages:
Advantages
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Bank transfers remain highly secure
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Eligible for bonuses and promotions
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High withdrawal and deposit limits
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Accepted by the majority of online casinos in NZ
Troubleshooting Common Issues Faced by Bank Transfer Users
Sending money through bank transfers is a common practice, yet it can lead to situations that are both exasperating and time-intensive. Here are some common problems encountered by bank transfer users, along with insights from customer experiences and information on transfer delays:
- Slow withdrawal times
- Must submit banking details
Do I Qualify For a Casino Bonus if I Deposit With a Bank Transfer?
Yes, most mobile casinos allow you to receive a welcome bonus when you deposit via bank transfer. Yet, it’s crucial to review the casino’s specific policies, as certain deposit methods might be excluded from bonus offers.
Comparing The Best Bank Transfer Casinos by Game Category
Bank Transfer Casino | Best For | Number Of Games |
---|---|---|
LeoVegas | Pokies | 4,100 |
Royal Panda | Live Casino | 2,000 |
Lucky Dreams | Tournaments | 1,200 |
BetandPlay | Drop & Wins Pokies | 4,000 |
JustCasino | Blackjack | 9,500 |
How do User Preferences For Bank Transfers Compare to Credit Cards And Digital Wallets?
The choice between bank transfers, credit cards, and digital wallets is influenced by aspects like ease of use, safety measures, and individual spending habits. Below is an overview of the prevailing preferences:
In summary, while credit bank cards remain a staple due to their security and ease of use, digital wallets are gaining popularity for their speed and convenience. Bank transfers, while secure, are less favored for their slower processing times. Preferences among New Zealand gamblers are evolving, with a noticeable shift towards faster and more convenient digital payment options.
Alternative Payment Methods
Players at online casinos can choose from a broad range of secure payment methods that suit their needs and tastes for funding their casino accounts. These possibilities include cryptocurrency, e-wallets, and a range of banking solutions offered by New Zealand casinos.
E-Wallets: Digital wallets such as PayPal, Skrill, Neteller, and Payz offer a swift and secure method for both depositing and withdrawing funds.
Prepaid Cards: Utilize options like Paysafecard to top up your online casino accounts with cash, ensuring your financial card details and personal details remain private.
Cryptocurrencies: The appeal of Bitcoin and other cryptocurrencies is on the rise, thanks to their minimal transaction fees and enhanced privacy.