You’re probably familiar with eChecks. This is a commonly used payment method similar to wire transfer. It allows you to transfer funds directly from your checking account.
There are more than 60 online casinos accepting eChecks as a deposit method. It is easy to see why eChecks are so popular with players at online gambling outlets – they are fast and even instantaneous.
How Does eChecks Work?
eCheck is very easy to use. First, you will need to set up an account with a reputable bank. Then you will need to check if this bank can be used as a source for generating eChecks at the casino of your choice.
If yes, then you can log into your casino account and choose the eCheck deposit method and enter the amount to be transferred. You will be provided with a form to be filled. Once the form is submitted, the funds are directly credited to your casino account.
ECHECKS CASINOS – EDITORS PICK
Advantages of eChecks
- Easy to Use
eChecks are one of the most convenient ways of depositing money. You only need to enter the information on an electronic cheque, which is the same as writing on a paper cheque. Once the information is entered and submitted, the funds are transferred automatically without any further effort from your end.
- Instant Deposits
What makes eChecks such a popular deposit method is that the money is transferred immediately. The verification steps are very short and hardly takes any time at all.
Disadvantages of eChecks
- Not Available with All Casinos
There are only 65 online casinos accepting eCheck as a deposit method. The reason for that is eChecks require a specific type of payment processor which is not available with all casinos. Some casinos accept eCheck through a third-party processor – which you don’t want as it takes several days for the money to be deposited.
- Not the Most Secure Deposit Method
EChecks are by no means the most secure payment methods as you will need to disclose your banking details to the casino when transferring the money. Even though most casinos use secure SSL encryptions and data theft happens very rarely, there is no way to guarantee that they cannot be hacked.
- Cannot Be Used as a Withdrawal Method
One big issue with eChecks is that you cannot use them as a withdrawal method. If you want to withdraw your winnings from the casino you will have to use bank wire transfer or an e-wallet solution. Some casinos send the money through traditional paper cheques in case the player does not have access to any other acceptable withdrawal method.