eKonto is a popular online payment solution in the Czech Republic, offered by the biggest bank in that country Raiffeisenbank. There are more than 75 online casinos accepting EKonto as a deposit method, and not surprisingly, almost all of them target players in the Czech Republic. Let’s talk a bit more about this deposit method and how it works.
How Does How does eKonto Work?
eKonto acts as an interface between your bank account and your casino account. It works in the same manner as a credit card or debit card except that none of your sensitive information is provided to the casino.
The hard part is to sign up with eKonto. This payment service is only available to those who hold an account with the Raiffeisenbank. If you are an account holder with that bank and are a resident of the Czech Republic, then you can use this service for free.
It’s really very easy to make a deposit with eKonto. First of all, check if you have sufficient funds in the Raiffeisenbank account that is linked to this deposit method.
Then check if the casino offers eKonto as a deposit method. If yes, then choose the eKonto icon in the payment gateway, enter your eKonto username and password. You will be taken to a separate eKonto page, where you can complete the formalities and enter the amount to be transferred.
ekonto CASINOS – EDITORS PICK
Advantages of eKonto
- Fast and Reliable
The money gets transferred to your casino account almost instantly and safely – there is no chance of the fund transfer getting stuck at any stage. eKonto is a very reliable deposit method.
- Easy to Use
eKonto is a very convenient deposit method and remarkably easy to use. You only have to enter your banking information on the special eKonto page – that’s it. The transfer takes only a few seconds and since this payment method is connected to Raiffeisenbank, you won’t have to go through any extensive verification process either.
eKonto is a very secure payment solution, far more secure than a credit card or debit card. You’re not required to disclose any information to the casino except your eKonto username. So there is no risk of your sensitive information getting stolen because of the casino getting hacked. The casino literally knows nothing about you.
Disadvantages of eKonto
- Limited to the Czech Republic
eKonto is only available to residents of the Czech Republic. If you’re not from that part of the world, you should look for a different deposit method, perhaps a credit card, e-wallet solution or wire bank transfer.
- Limited to Account Holders of Raiffeisenbank
You need to have an account in Raiffeisenbank, the biggest bank in the Czech Republic to access eKonto. Getting a bank account is not easy – you will be expected to complete a lot of paperwork and the process can take days. It’s much easier to make the payment with a Visa or MasterCard credit card.