How Does Instant Banking Work?
The idea of instant banking can be a bit out there for some players, but once you understand its mechanics, you’ll understand that there is really nothing to fear when using this method and some players might even make a switch from e-wallets or credit cards because of how convenient instant banking is.
Basically, this option lets you transfer money straight from your local New Zealand bank account to an online casino. This happens through a third-party facilitator like Citadel, which creates the necessary prerequisites for the transaction. However, everything happens through your local bank, so you don’t need to worry about your information being compromised in the process.
Do I Need to Create a Separate Instant Banking Account?
The beauty of this banking method is that you won’t need any new accounts, there is no third party e-wallet involved, or anything like that. If a casino supports an instant banking method, it will let you deposit straight from your bank account without requiring anything else on your part.
Depositing with Instant Banking
If you want to deposit using instant banking, you’ll need to access the casino cashier and check out their Deposit section. If there is an instant banking method available, click on it and follow the steps. You’ll usually receive a special reference number you’ll need to make a successful deposit from your bank account, so make not of this number.
Then, you’ll be taken to your banking page, where you’ll log in as usually, and supply the reference number. If all correct details are provided, the money will be sent to your casino account and you’ll be ready to start playing in a matter of minutes. Unlike traditional bank transfers, instant banking takes place in real time, and allows you to start playing without any significant delays.
Advantages of Instant Banking
There are numerous advantages to using instant banking to fund your casino account. The simplicity of this method makes it easy to use for everyone who has any experience with online banking, and the fact you can start playing without a credit card to your name is certainly a huge plus.
One of the Safest Methods You Can Use
While you can limit your risks when using credit cards by channeling your transactions through third-party payment processors, there is still risk of someone gaining an access to your e-wallet account or somehow finding your credit card info. With instant banking and all additional layers of security inherent to these types of transactions, the risk is almost non-existent. For example, many banks require two factor authentication, using your phone or a special token, which means that a malicious third party can never access your account by just stealing your password for example.
Accessible to Everyone
Nearly all New Zealand players can use instant banking for their casino deposits, provided that method is supported by the casino. As long as you have an account with one of the larger banks allowing for this type of business, you’ll have no problems using instant banking with a casino of your choice.
This method thus solves the problems for those who dread using their credit or debit cards online, and for those who simply never bothered with having one issued to them. While it may be uncommon in this day and time, there are still people in New Zealand who don’t have and don’t care to have plastic cards, but that doesn’t mean they are opposed to having some fun at an online casino.
No Need for Additional Registrations
As already mentioned, you won’t need to create any new accounts to start using instant banking with an casino. If you have a bank account and some money in it, you’ll be able to deposit straight from that account, without having to create yet another e-wallet and going through different verification and similar procedures.
Instant Banking Isn’t Your Best Option for Withdrawals
The only downside of using instant banking with online casinos is the fact this isn’t the method you’ll want (or be able to) to use for your withdrawals. Many casinos don’t even allow for this method to be used, and those that do might charge additional fees, and withdrawals can take a while.
So, instant banking is really instant only for deposits, and this is something to bear in mind. As for withdrawals, you can stick to the classic bank transfers or check withdrawals if you aren’t in a particular rush to get your winnings.