eChecks have been around for more than two decades. They were initially introduced to casino players years ago in North America, but they’ve since become popular in the UK and Europe. Canadians still utilize eCheques, but most US casinos no longer accept this payment method. Due to the popularity of eCheck casinos, plenty of gambling websites still offer this deposit option.
Safe casinos offering eCheck banking
Let’s get right into our rankings of eCheck casinos in Britain and Europe. First off, I want to touch on the main factors we rank. Reputation is the most important, as there are a lot of casinos accepting eChecks that have a poor reputation or are outright scams. Thankfully, there are still some great options. Another important factor is whether or not the casino offers eCheck payouts. There are a lot of casinos that’ll only offer eChecks for deposits, but not withdrawals. The eCheck casinos below offer deposits in GBP (£) to British depositors or Euros (€) to Europeans, so losing out on currency conversion fees isn’t an issue.
What is an eCheck?
An electronic check is nearly identical as a paper check. eChecks are better because they’re more secure. In fact, they’re the most secure payment method ever developed. Security features include digital signatures, encryption, authentication, public key cryptography, duplicate detection and certificate authorities.
Sending an eCheck is simple, but the information you need varies slightly by country. For example, in England, a player needs to provide the casino with an account number, 3-digit institution ID and 5-digit branch transit. To use eChecks you need the information listed at the bottom of your paper cheques.
As long as you have a checking account and enough money in your account, sending an eCheck is possible. However, not all countries can use this banking method at casinos. Casinos widely accept eCheques from British players, plus more European casinos are offering this deposit method.
Reasons why eChecks are becoming more popular in the UK
A lot of people don’t have credit cards or simply won’t use them on the Internet. eWallets such as PayPal, Neteller and Skrill are popular, but if you don’t already have an account, using eChecks is simpler. For players in the UK, depositing has become more of a hassle too, as popular payment methods have left the market.
eChecks also prove to be an inexpensive payment method for not just players, but the casinos as well. The casino gets money deposited directly in company bank accounts with little processing fees. Players also enjoy low transaction fees and excellent security. It’s a win-win for online casinos to offer eCheques.
How to send an electronic check
There are only four steps to an eCheck transaction, which is one of the reasons they’re so secure. The casino first has to gain authorization from the accountholder to process the payment. This is done online through the payment form. The banking information you submit is then entered into the processing software.
Your information is then verified and the actual transaction begins. The amount deposited will be automatically withdrawn from your checking account, but it takes up to 3-5 days to process. The first time you use an eCheck at an online casino, you’ll have to wait for the funds to clear before the money is credited to your account.
Once your first deposit has cleared, subsequent deposits will be credited to your account instantly at most of the reputable casinos. This allows the player to play instantly, which is what most of us require. The funds will not be withdrawn from your account for several days, so make sure you keep enough to cover the amount.
Casinos will charge a NSF (Non Sufficient Funds) fee (Often $20-$30). Having a payment bounce will also put your account in jeopardy. You won’t be able to withdraw until the payment is cleared. Your account could be closed as well. Simply ensure your deposits are always covered to avoid unnecessary fees and hassle.
eCheck fees and deposit limits
The majority of online casinos don’t charge a fee to send an eCheck. Casinos often pay less than $1 to process an eCheck, which they pay themselves. Your bank will likely charge a small fee to send an eCheck. It’s best to ask your bank what the fee will be before submitting your payment if you’re concerned about the amount.
There are deposit limits when using eChecks. First deposits are often severely limited, but once cleared, your subsequent deposits will have higher maximum limits. Some casinos have daily, weekly and monthly limits on every eCheck deposit. Limits range from $500-$2000 and some casinos don’t have any restrictions.
Players won’t need to worry about FOREX fees either since deposits and withdrawals are processed in either £GBP or €EUR (Europeans). For payouts, you’ll be charged a small fee by your bank when you receive the money. Other than that, there are no fees, making eCheck payouts cheap and safe.
What happens if the casino doesn’t offer eCheck payouts? Don’t worry, you’ll simply need to select one of the alternatives, such as a paper cheque, bank wire/transfer or Person2Person transfer if in the USA. However, if you want to use eChecks, using a casino that processes withdrawals back to your checking account is ideal.