Best Internet Banking Online Casinos in Nigeria 2024

Also known as online baking, internet banking exists entirely online. The service lets you access a wide range of banking services without visiting a bank physically. Make Internal Funds Transfers (IFTs), Electronic Funds Transfers (EFTs), cross-currency transactions, SWIFTs, and RTGs from the comfort of your home.

IFTs involve sending money to other members of the same banking network. EFTs and RTGs are meant to facilitate transactions between two banks. For example, send money to Citibank from Standard Chartered. The only difference between the two comes about in the transaction times. EFTs can take up to 3 business days to be processed, while RTGs take 24 hours or less. When making online casino internet banking transfers, you will use SWIFTs. A SWIFT transaction makes international bank transactions possible. 

Of course, to use internet banking, you must have an account with a bank that offers the service. While there are several financial institutions in Nigeria, not all of them provide internet banking services.

Once you identify a bank with the service, open an account and ask them to enable internet banking services. It takes about ten minutes to set you up with the internet banking service takes about ten minutes. For the bank to complete this, you must provide them with a copy of your ID, passport photos, and phone number. Passport photos can be taken on the spot using your mobile phone’s camera.

You can always provide the bank with a phone number that is not functional, but you must remember that for every transaction to go through, you will have to authorise it using One Time Passwords (OTPs). As the name suggests, these passwords are only used once to authenticate a request to complete a transaction. Once used, they are no longer valid. Furthermore, they are only valid for five minutes after being sent to your phone number. This is why you should ensure you provide a valid number when registering. 

As stated, depositing to an online casino with internet banking is an easy and straightforward process. If you have ever sent money to your friend through mobile banking, it’s the same process. The only difference for this is that it is conducted over the internet. Before completing the transaction, you will need these details for the recipient; account name, account number, and SWIFT code. Once you have them, follow the steps below to complete your deposit.

• Log into your internet banking portal and proceed to the “send money” section. Select the “international transfer” option
• Under this, you will be required to enter a few details. Select the source of funds (your account number with the cash) and enter the details for the online casino (the recipient). The details required include account name, number, and SWIFT. All this information can be found under the casino’s banking page after you’ve selected the internet banking option
• Once you are satisfied with the information provided, enter the amount you’d like to deposit and select “continue.” This will send you a One Time Password to your mobile phone. Enter it to complete/confirm the transaction.  

An online casino with Internet banking withdrawal lets you cash out your winnings back into your bank account. The process is the opposite of depositing and involves the following:

• Log into your online casino account and select the withdraw option. Select the internet banking option. You will be redirected to a second page.
• Provide the required information. This includes the name you used to register your bank account, your bank account number, and the Swift details (for your bank).
• Once you have entered the details, enter the amount you would like to cash out and confirm the transaction.

It’s important that your name and account number match. If you misspell your name accidentally, the withdrawn funds will automatically be put into “lien.” You will then have to follow up with the real money online casino to share documents proving you were the intended beneficiary of the funds. It can be a hectic and frustrating process.

Also, most people at the banks are quite ignorant when it comes to international bank transfers. It’s advisable that you visit the bank manager and ask them to patch you through to the Swift team to help you with the Swift details.

Deposits made through internet banking to online casinos will take between 5 and 24 hours to complete. Withdrawals, on the other hand, vary depending on your bank. Some transactions can be processed within 48 hours or less. Others can take up to five business days to be completed. This time frame includes the pending period where the online casino reviews the withdrawal request before processing it.

Fees are quite common with internet banking. Some banking institutions will charge you a small transaction fee when you deposit. High roller online casino deposits are mostly free, although you must pay a small withdrawal commission.

Internet banking as an online casino payment method is considered among the most reliable. The payment method has been there for more than a decade and is virtually supported by nearly all online casinos in Nigeria. You’d be hard-pressed to find an online casino that doesn’t support internet banking either for deposits or withdrawals. This is because it is a reliable option, offering high deposit and withdrawal limits than other payment methods such as eWallets. 

While the transactions might reflect in your bank statement, which many people might find unattractive, you are assured of getting your winnings from Internet banking online casinos in Nigeria. These transactions will be processed within 48 hours for most online casinos, while others take up to 5 business days. Lastly, some top-rated Internet banking online casinos in Nigeria offer bonuses for using this option as your payment method. You should endeavour to find such sites, and before claiming the offer, ensure you read through the T&Cs.