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UseMyBank Online Payment Method – Using UseMyBank for Gaming Online
UseMyBank is an online payment method used for online gaming. UseMyBank is used to fund one’s online casino account and to make online casino withdrawals.
Overview
UseMyBank is a facility that uses the players’ bank accounts to transfer funds to online casinos. It is an extremely popular method with over 65 million users, and the numbers are growing. The facility uses the existing Automated Online Payment Interface technology, which has been used for long to make online payments for telephone and electricity bills. UseMyBank has adopted this technology for making payments to casinos by bringing casino accounts into the loop, thereby directly connecting the players’ accounts and the casino accounts.
The UseMyBank service is presently available through Canadian, British and Chinese banks only. U.S. banks are currently not allowed the use of this facility. The Canadian banks that can be used to make payments to online casinos are
- The Bank of Montreal
- CIBC
- Desjardins
- Royal Bank
- ScotiaBank
- TD Canada Trust.
The British banks that can be used to make payments to online casinos are
- HSBS
- NatWest
- Royal Bank of Scotland
- First Direct.
Process
The process of transferring the funds once the player has registered at his bank for making online transactions and also registered at the casino of his choice should not take more than five minutes.
- Log in at the casino to which the payment is to be made.
- Select UseMyBank as the method of making the deposit.
- Select the bank account from which the payment is to be made
- Enter the amount to be transferred.
- The transfer is immediately made through the bank’s online payment transfer system.
- The player’s casino account is credited and his bank account is debited.
- The bank sends a message to the casino confirming that the funds have been transferred and that the transaction is bona fide.
- The player is ready to play.
Advantages
There are several advantages of using UseMyBank for transferring funds to online casinos.
- There is no cost to the player for using UseMyBank. Money saved in transferring funds is money added to the bankroll.
- It is secure and reliable because the player’s bank account is used. Funds need not be transferred to an intermediate account.
- No sign up formalities are required to UseMyBank.
- Detailed and summary reports are provided to the user so that transparency is assured.
- Players’ privacy is assured in the transaction. The bank releases only the players’ email addresses to the casinos so that the correct account is credited. No other information is given by the banks to the casinos.
Contact
The headquarters of UseMybank is in Toronto in Canada. Though they can be contacted by e-mail or telephone, it is advisable to check out the comprehensive FAQs section on their website. The web site lists the detailed procedure to be followed. It also lists several online casinos that accept UseMyBank payments. Each of these casinos has been inspected by UseMyBank experts for integrity of financial transactions. However these are not the only online casinos that allow players to deposit funds through UseMyBank. There are many more and their numbers are growing.
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