How Does a Cheque Deposit Work?
There are a few – not many – online casinos that accept cheque as a deposit method. Let’s discuss how this works.
There are two ways of depositing funds into an online casino with a cheque. One, by mailing a physical cheque to the casino. Two, through the e-cheque method. For either of the two techniques to work, you’ll need to have sufficient funds in your bank account.
When mailing the cheque, make sure that you have written down the correct name of the institution and send it as “certified” so that it reaches the right destination.
Now, if you want to use the online casino’s e-cheque payment processor, then you’ll need to provide them with the same information that appears on the physical version of the cheque such as the account number plus the routing number or the IBAN number.
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Advantages of a Cheque
The biggest advantage of cheque as a deposit method is that it is so simple. If you have a bank account and there are enough funds in it, you can then send the money to any of the casinos accepting cheque without having to sign up for a third-party processor. As easy as you like!
Depositing money by cheque is safe. There is no risk of cyber theft or hacking, and you don’t have to worry about any of your personal and financial information getting stolen by third parties.
Disadvantages of a Cheque
- Time Delay
The biggest problem with depositing money with a paper cheque is that it could take many days by the time the funds get added to your casino account. That’s why a lot of people prefer faster methods such as e-wallets, credit cards or debit cards.
- Clearance could take time
Another issue is that it could take several days for the banks to clear the cheque, especially if you are not located in the same place or country as where the casino is based out of.
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