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ACH Online Payment Method
By using the ACH online payment method, online casino players can transfer money directly from their bank account into their online casino account.
ACH (which stands for Automated Clearing House) is essentially an online check clearance system that can be used to fund online casino accounts. It works in a similar fashion to writing a check, except that you fill in a form online. It is simple and the process is easy to follow. Casino payments using ACH are processed through a third party, such as eCheck, InstaDebit, Citadel and UseMyBank.
How to Use ACH 21
In order to use ACH, you must be a US or Canadian citizen although plans are underway to extend the service internationally.
To make a payment using ACH, you must go to the cashier's section of your online casino and select e-check (ACH) as your payment option. You will then be required to provide your name and address, the amount that you wish to transfer, your checking or savings account number, a check number and an ABA or routing number.
The Benefits of Using ACH
ACH is a simple method of transferring money into your online casino account. The money can be transferred directly from and back into your bank account so you do not have to transfer it again into your bank account or handle a paper check. You can also only gamble with money that have at the present time as you are drawing money from you bank account. This allows you to monitor your bankroll more closely and not to exceed your planned bankroll. Most people are familiar with how to write a check and using ACH is essentially the same process. It is a secure method of transferring funds.
When you use ACH, your money is transferred via the Federal Reserve Banking system to or from your personal bank account. The system is governed by the NACHA operating rules which ensure its security and the confidentiality of your personal and financial information. It employs online fraud protection technology to ensure the safety of your information.
You will receive a $10 bonus on your first deposit when you use ACH. Banks and other financial institutions usually do not charge any fees for online ACH transactions. Online casinos may charge minimal fees for its use, however many do not. It is worth looking into whether any fees will be charged to you before you proceed with using this option.
Drawbacks of Using ACH
It can take up to eight business days for your funds to clear when you transfer them using ACH, so if you need the money immediately, this may not be the best option for you to use. In general, however, the funds usually clear within three to five working days. This delay is for funds that are withdrawn using ACH into your bank account. If you make a deposit using ACH from you bank account into your online casino account, those funds will be received immediately by the casino.
There is a daily deposit limit of $250 when using ACH.
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