Banks That Allow Online Gambling: Learn How to Make Gambling Payments with Your US Bank

Written by:
Jon Ridehalgh
Fact checked by:
Ross Timmins
Updated:
June 18, 2024

Online gambling is one of the preferred activities for many Americans, as it allows them to have fun and explore the vast world of iGaming in the comfort of their homes. Legal online casinos and sportsbooks offer multiple payment options for getting funds on and off their platform. Not every US bank allows transactions at online sportsbooks and casinos. We have put together this guide on banks that allow online gambling.

Bank transfers offer US players a secure way to manage their funds at online gambling sites. While some banks in the United States facilitate online gambling transactions, many block them due to being punished in the past for processing offshore gambling transactions.

This guide will give you a low down on online banks, including which banks allow online gambling, and depositing funds into your casino or sportsbook account. We will also look to answer some of the most common questions gambling enthusiasts ask about this payment method. Read on to learn more about banks that accept online gambling

Can I Make US Gambling Deposits Through Online Banking?

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Yes. A few US banks allow transactions related to online gambling, eliminating the need for third parties or financial intermediaries. It’s one of the most secure methods to make large deposits to online gambling accounts, and no fees are usually paid. But it can take a couple of days for the money to show in your casino or sportsbook account.

Most banks in the United States decline gambling transactions due to the UIGEA, which prohibits financial institutions from knowingly accepting payments associated with gambling.

Most online sportsbooks and casinos require you to deposit funds into your account before you place bets on your favorite games or sports. So if your bank does not allow US gambling deposits, you can use an alternative payment method like e-wallets to get funds into your account and get into the action.

Here are some of the best gambling sites that accept e-wallets and other payment methods:

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How to Deposit Funds at Online Gambling Websites Via Bank Transfer

So you have decided to try online gambling and want to play for real money. We will explain all you need to know regarding depositing funds into your gambling account if your bank accepts transfers to gambling platforms.

Before we delve into the step-by-step guide to making gambling deposits through bank transfer, it is crucial that you only deposit money at regulated and reputable online gambling sites. We have quite a few that have met the high standards our team requires before entering financial details; we have listed these leading websites in the table above. These gambling platforms have valid gaming licenses from reputable regulatory bodies.

  • Step 1: Sign up with a reputable gambling platform.
  • Step 2: Head to the cashier or banking section and choose bank transfer from the list of available deposit options.
  • Step 3: Once you have selected bank transfer as your deposit method, enter the amount you want to deposit into your gaming account. Most online gambling sites have a minimum deposit amount they allow by this payment option, so check this before you try to deposit money into your account.
  • Step 4: Double-check the amount before confirming the transaction to avoid being charged fees for entering the wrong amount.

You are all done. The funds will be deposited into your betting account, and you can place bets on your favorite sports or online casino games. But keep in mind that bank transfers processing times can be instant or take up to five days to reflect in your account. As soon as the online gambling platform receives your money, you’ll get a notification telling you it is in your account so you can get started with online gaming.

Do All US Banks Facilitate Online Gambling Transactions in the United States?

No. Most US banks are uncomfortable with online gambling transactions and refuse or block these transactions. Some banks may even put your account on hold until you reach out to their customer support team.

Most banks hold onto the 2006 UIGEA model. From a federal standpoint, it is still murky how to interpret it after the 2012 reinterpretation of the initial Interstate Wire Act of 1961 was handed down from the SCOTUS that opened the door to state-by-state lawful online gambling.

Natalie Brown, a Wells Fargo spokeswoman, stated that this is the reason her company decided to decline gambling deposits. But some US-based banks, including Bank of America, Chase, and Goldman Sachs, allow online gambling transactions. That means you can fund your account with these banks and use some of them as your withdrawal method.

Bank of America

How Can I Know if My Bank Accepts Gambling Deposits?

Contact its customer support team to get this information to find out if your bank processes gambling transactions. If your bank has a Live Chat function on its official site, use this communication channel to talk to one of the customer support representatives in real time; this is an excellent way to get a response quickly.

You can also send the support team a direct message to their social media pages, such as Facebook, Twitter, or Instagram. Only use your bank’s verified accounts, and do not include your social security number or account number for security reasons. US banks do not ask for account information or sensitive financial details via social media pages.

You can call your bank through its phone number and speak to a customer service agent. You can find this number on their Contact Us page. Phone lines are always secure, as you do not have to worry about malware attacks.

You can also use the online contact form or drop them a line through their email. If your bank tells you they accept gambling deposits, you can deposit funds to your online sportsbook or casino without worrying about the transaction getting rejected.

Alternatively, you can reach out to one of the reputable US online gambling sites that support bank transfers, such as BetMGM and Caesars, to find out if they accept players who fund their sportsbook or casino accounts through your bank.

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Alternative Payment Options to Gamble in Online Casinos if You Have a Restricted Bank Account

Since many US banks do not process casino deposits and withdrawals, you might have to find alternative banking options to fund your online gaming account and withdraw potential winnings. Here are some of the most reliable payment methods that reputable online gaming sites accept:

Let’s take a look in a little more detail as some of the quickest and most efficient payment options you can used to fund your account at an online casino.

PayPal

PayPal is the most prominent e-wallet in the world and one of the best payment options to use for online gamblers. PayPal allow users to instantly and securely deposit from numerous payment methods including:

  • Debit/Credit card
  • Bank transfers
  • PayPal balance

PayPal has quickly grown to become the top choice for deposits and withdrawals for most US bettors, however, there are a couple of restrictions. First, make sure that you are using a personal account and not a business account when funding your betting accounts.

Second, the email address you have used to create your PayPal account must also match the email address you used when you set up your casino account. Finally, to withdraw from your PayPal account, you must first deposit using the e-wallet system. This is the case for most payment options at online casinos as they will automatically select the withdrawal method to be the same as the one used to deposit.

Skrill

Skrill is similar to PayPal, but isn’t as widely known. It allows players to deposit and withdraw to an e-wallet just like PayPal, but the significant difference is that your cash can be converted to numerous international currencies. Consequently, this is a very popular option for those visiting the United States who would like to enjoy some online casino gaming during their stay.

Prepaid Cards

Prepaid cards are an excellent option for funding your account at any online casino sites. One of the best prepaid card options is Play+, which makes it even more straightforward. Rather than waiting in line in a store having to pay fees to load on to your card, you can sign up for a Play+ card at the cashier of most online casinos. Once your request has been approved, you can then quickly add funds either via a debit or credit card or directly from your bank account.

Play+ cards are branded according to which site you are using, so you will have to sign up for a different card every time you sign up for a betting account on a new casino. Additionally, when you sign up for a Play+ card, you will get a physical card sent to your address within two weeks. Please note that there is a $2 per transaction fee applied any time you make a withdrawal via Play+.

You can use these banking options to make instant deposits. You also don’t have to worry about security because reputable gambling websites use digital encryption and a 128-bit Secure Socket layer to safeguard your sensitive financial data.

US Banks and Online Gambling FAQs

Can I deposit funds and withdraw winnings from online casinos using Bank transfers?

Yes. You can make deposits and withdrawals from online casinos using your bank if it accepts gambling transactions. Most reliable gambling platforms have a policy that players must withdraw their winnings via the same method they used to deposit the funds into their gaming account. Most licensors require this regulatory requirement; it allows operators to verify that the same person is receiving the money. It's also a great way to prevent money laundering and other illegal money transfers through gambling websites.

Can you make instant deposits at BetMGM with bank transfers?

No. You cannot make instant deposits with bank transfers because your bank and BetMGM must approve the transaction. Depending on your location and bank, you might have to wait between 3 and 5 days. So if you want to jump into the action fast, consider using alternative methods that your chosen online casino accepts. E-wallets are the fastest payment method.

How can I deposit funds into my Caesar account if my bank blocks gambling payments?

If your bank declines gambling payments, there are many alternative payment methods that you can consider. For instance, e-wallets are an excellent option to get the job done. You can link your bank account to an e-wallet like PayPal or Skrill and use it to deposit funds to Caesar casino or sportsbook account. You can also transfer your potential winnings to the e-wallet.

Is it safe to deposit funds into my DraftKings account with online bank transfers?

Yes. It is safe to fund your DraftKings account using online bank transfers. Your bank's security systems protect wire transfers. US banks use some of the strictest and strongest encryptions to ensure your money remains or goes where it should. Each wire transfer is heavily encrypted and protected as it moves from your bank to the gambling operator. Because DraftKingsis a reputable gambling site, transferring money from your bank to your gaming account is safe.

Do real money bank transfer online casinos charge a fee on deposits or withdrawals?

Some gambling websites allow online gamblers to do bank transfers for free, while other casinos charge a small fee. Bank transfer fees for online gambling transactions vary from one site to the other. Most online casinos will charge a fee of between 1% and 2% when withdrawing funds.

Can I deposit large amounts of money to a casino with my bank?

Yes. Online gamblers can use bank transfers to send or receive large amounts of money. Some online casinos allow you to deposit up to $10,000 in one go. Being able to withdraw large sums of money at once makes playing at casinos more pleasurable. Making large deposits also results in big bonuses.

What are the minimum deposit limits at casinos when using bank transfers?

Some casinos cap their bank transfer deposit limits at a $20 minimum, while others have $10 or $30. Be sure to check the deposit terms of your chosen gambling site to confirm.

Which US banks allow me to deposit funds or withdraw winnings from online casinos?

While many US banks do not allow you gambling payments, there are a few banks that you can use to successfully deposit or withdraw your potential winnings from your gaming account. These include:


  • Citi

  • Bank of America

  • Capital One 360

  • Chase

  • HSBC

  • TD Bank

  • PNC

  • Santander

  • Goldman Sachs


Before you make any deposits to your chosen online casino, contact your bank's customer support team to ensure they allow gambling deposits.

With a decade of expertise in testing, reviewing, and writing about online slots and 20 years of real-money gambling, Jon is armed with a wealth of experience to understand and inform you about the most complex areas of casino bonuses, along with how to avoid the most common pitfalls when claiming and using casino and sportsbook bonuses.

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