Ach is one of the many payment methods at online casinos today. This trusted and secure payment method is used by many gamblers to fund their casino accounts. It joins the long list of other banking methods available at casinos which includes crypto methods, credit/debit, prepaid and e-wallet options.
If you would like to know how Ach payments work at online casinos then you’ve come to the right place. We detail how to make deposits and withdrawals, mention the fees and waiting periods that you can expects as well as some of the pros and cons that come with using this method at casinos.
ACH is an abbreviation that stands for Automated Clearing House. Its is an electronic payment service that allows clients to send and receive funds directly to their bank account via wire transfer, on condition that they’ve received permission from you (the client) to do so.
If you personally prefer conducting ACH transactions when you gamble then you’ve got it both good and bad. The unfortunate thing is not many casinos list ACH as a payment method so finding an ACH casino may be more of a challenge than initially anticipated. The good thing is that this is one of the most direct ways of transporting money to and from casino sites.
How to Make a Deposit
Making a deposit to your casino using ACH isn’t complicated at all. We’ve summarised that process into a few easy steps for you below.
First, you must log into your casino account and navigate your way to the banking or cashiers’ section on the casino site.
Once there, you must select ACH as your method of choice. You will then be asked to complete your banking information. Make sure all information inserted is correct.
Make the check payable to the correct person/ institution, and clearly state the amount you would like to deposit.
Confirm the payment and follow all other prompts.
How to Make a Withdrawal
The withdrawal process is just as straightforward and shouldn’t take a lot of your time. Here’s how to make a withdrawal using ACH.
Revisit the cashier section of the casino and request to make a withdrawal.
You will then select ACH as your preferred withdrawal method and insert the amount you would like to withdraw.
Next, fill in your banking information as you did when you made a deposit. Remember to double check this information.
Fill in or submit all other info that may be required and hit the submit button.
ACH Fees and Processing Times
Service charges and processing times apply when you make financial transactions using ACH. A minimum deposit amount of $50 applies when making deposits using ACH, and you can expect to wait up to 5 business days to receive your winnings. Here’s a closer look at the kind of fee you can expect per deposit amount.
$100-299 – Fee: $50
$300-499 – Fee: $60
$500-999 – Fee: $80
$1,000-1,999 – Fee $100
$2,000-3,000 – Free: $120
ACH Casinos: Pros and Cons
As with all other payment methods, there are some advantages and disadvantages that come with using the service. We’ve listed some of the main pros and cons for you below.
Low payment costs
Long waiting periods
Reliable payment method
It’s only available to US players
No additional payment verifications
Alternative Payment Options
Unfortunately, ACH is only offered as a payment method to players who possess a US bank account. Players outside of the US will therefore not be able to make use of the service for deposits and withdrawals.
Fortunately, there are many other equally reliable banking methods that you can choose from. Your options include: