BankLink is a popular online payment service targeted at residents of Sweden, Latvia, Lithuania and Estonia. It is provided by Swedbank, one of the leading financial institutions in Europe. Anyone who has an account with Swedbank can use this service.
There are more than 15 online casinos accepting BankLink as a deposit method and almost all of them target players in the countries mentioned above. Let’s discuss more about how BankLink works.
How Does BankLink Work?
What BankLink does is to act as an interface between your account with Swedbank and your account with the online casino. You can make your deposits safely and securely without worrying about your sensitive bank details getting hacked at any stage.
Registering with BankLink is really easy. You only need to have an account with Swedbank. If you have one, the registration is almost automatic. If you don’t, then setting up an account could take a couple of business days.
BankLink is not an e-wallet, it is only an online payment processor. This means once you enter the amount to be deposited, it takes you to a secure Swedbank website where you can complete the money transfer. This deposit method is not free, but charges a very low transaction fee. So it is as good as free for all practical purposes.
BANKLINK CASINOS – EDITORS PICK
Advantages of BankLink
- Superfast, Convenient and Easy to Use
BankLink is easily the fastest online payment method for players in Sweden, Latvia, Lithuania and Estonia. You only need to have an account with Swedbank to register with this service. The money transfer is done almost instantly, there is no manual transfer of funds, everything is automatic.
BankLink acts as a secure interface between your Swedbank account and your casino account. The casino has no access to your bank details. So even if the casino was to get hacked, your information would be safe.
Disadvantages of BankLink
- Limited Service
BankLink is only available in a few countries, namely, Sweden, Latvia, Lithuania and Estonia, and that too to those who hold an account in Swedbank. If you’re not from any of these countries, you will have to look for a different deposit method available in your jurisdiction.
- Can not Be Used to Make Withdrawals
BankLink is only a deposit method and not a withdrawal method. You cannot use this payment processor to withdraw your winnings. For this, you will have to use wire bank transfer or an e-wallet solution.