Bank Draft/Cheque Casinos

There is probably no older payment method offered across online casinos, practically available since the dawn of online gambling, than the bank draft/cheque. Being one of the oldest alternatives to cash ever, actually, this was among the first solutions to be offered across sites that offered online gambling. As such, its place on the accepted methods lists across current online casinos is well-deserved. Even though much more modern and futuristic options exist today, this solution is still offered across many online casinos, especially those that cater to players from many different countries, mostly because it is available in all currencies. But there are other reasons why you should try it, especially if there are no local options available for you at the casino you chose to join. Join us to discover all about them. Why use a bank draft/cheque at an online casino?

About Bank Draft/Cheque

You surely know that checks have been around for ages, but you probably had no idea that they date back to the 1^st century BC. These did not function like current checks, of course, but those that appeared in the 17^th century surely did. That’s actually the period when the first appearance of alternatives to cash is mentioned throughout history, and that’s of course, a long time ago.

In modern banking, however, the first mention of a bill of exchange that we now know as a bank draft/cheque appears in 1969, in England, the UK. Being one of the most powerful countries in Europe, the country set an example that many others followed, and that's how the first international check network was founded. In the mid-1990s, this alternative to cash started phasing out the use of cash for payments and purchases, and by the end of the 1990s, this piece of paper was used all over the world.

The end of the 19^th century marked its peak, but its popularity started gradually fading away in the mid-20^th century. And even though you will still find it offered across the world today, this alternative to cash is slowly losing momentum and is being replaced by way faster, safer and easier to use modern alternative banking methods. It started with credit/debit cards, continued with eWallets and ended with digital currencies. Today, this solution is outdated and far from the first choice of users.

Nevertheless, it is still out there and offered across many online casinos. To be eligible to use it, you must have a bank account, of course. Assuming you do, you need to know how it works in order to decide whether you’d like to use it or not. So, stay with us and in the next section, you’ll learn all about the getting started procedure.

Getting Started with It

Before we get into the whole process of getting started with the solution, you need to know that different types of checks exist, depending on who's sending and receiving them, and who's vouching for the money transferred, among other things. A bank draft/cheque is a piece of paper issued by the person from whose bank account the money is drawn, known as the drawer. It is issued to the payee, which is basically the person who received the money, paid for and completed by the financial institution or bank, known as the drawee. The transaction is processed in the amount and currency written on the piece of paper.

Now, we must address the main issue with checks nowadays: the processing times. The fact that a long background process is in motion from the minute the check is issued to the moment the money is received by the recipient, the waiting times are exhausting. That’s one of the reasons why the solution is not popular today, and why most online casino players use it for withdrawals usually, never for deposits. See, banks and clearing houses need to check everything is in order with it before the transaction is confirmed and processed, and that takes weeks.

But let’s go over the procedure step by step, so that you know exactly what’s going on from the moment you decide to use it. Now, assuming you do have a bank account, you need to visit your bank's branch and ask the desk clerk to provide you with or prepare a check, with your bank account number pre-printed on the paper, alongside the transaction details. Among these details, we should mention the amount to be sent, currency, and the day’s date. As soon as you have it, you can take it to your online casino to replicate the check’s details in the appointed fields on the Banking page.

For withdrawals, the process goes the other way around. You head over to the Banking page at your online casino and fill out the currency, amount and bank account number fields, and wait for the operator to fill out the rest of the form. The casino will take the needed details to complete the transaction from your registered player account, so make sure you double-check whether the info you entered when you registered is current and valid.

Given how the solution usually takes weeks, up to 2 weeks to be more precise, to be processed, you probably understand why players prefer using it for withdrawals and not so much for deposits. But still, if you follow our lead, you will learn the exact steps you need to go through, regardless of whether you wish to use it for deposits or only for withdrawals.

How to Deposit with a Bank Draft/Cheque at an Online Casino?

The first thing you should mention here is that the solution is offered across a surprisingly bigger number of online casinos than you would imagine. However, due to obvious reasons, many sites accept it for withdrawals only, while a decent number of sites also offer it for deposits. You will need to double-check the site you wish to join and see whether the solution is offered for both, or only for withdrawals.

If it is an option for deposits, and you are sure you want to make one with a bank draft/cheque, proceed by registering an account with the casino you were eyeing. After you provide the needed personal details to create your account, go through these steps to make a deposit with a bank draft/cheque:

1. Head over to the Banking page once you enter your registered casino account.
2. Locate the Deposits section and choose Bank Draft/Cheque from the list of accepted methods.
3. Replicate the details from the piece of paper or attach it after you scan it.
4. Confirm the transaction and the transaction will be put in motion. The money should arrive to your casino balance in two weeks.

Side note: The best thing to do if you wish to use it for deposits is to plan way ahead. First, go to your bank and get your check, as instructed before. Then, decide when it would be the best time to start playing at your online casino, and two weeks prior, make your transaction. It sounds ridiculous, we know, but that’s the only way to avoid the two-weeks-wait, and that’s why the solution is used for withdrawals more.

How to Make a Withdrawal with It?

Withdrawals with the solution are, as mentioned, more popular than deposits with it, mostly because although it takes a long while to process, transactions with a bank draft/cheque are incredibly safe, and players want a guarantee that their funds will be paid out in full.

Therefore, to request a withdrawal with it, make sure you go to the Withdrawals section, choose the solution, and enter the amount in the currency you wish you cash out. The operator will get the other needed info from your account, check your request, and hopefully approve it. As soon as that happens, the transaction will be put in motion, and the bank draft/cheque will arrive at your home address in two weeks. Keep in mind that 3 extra business days will be necessary for you to cash it out.

Applicable Fees

Hefty fees apply with cheques, we cannot sugarcoat this fact. Both the casino and your bank will charge extra for transactions with it, so be prepared for them.

Add to this the fact that if you’re making an international transaction, an added conversion fee will be charged, and that’s why the best thing to do is get in touch with your online casino’s Support team to learn more about the fees.

Accepted & Restricted Countries

Most countries in the world still allow the use of checks. So, you will probably be able to use the solution, no matter your country of residence, across online casinos, if banks in your country still offer checks.

However, banks in some countries, like Hong Kong, have an eye on phasing them out. In countries like that, it is suspected that fraud and money laundering were facilitated through the use of cheques. It is precisely for that reason that an Australian-based casino had to pay a fine to the authorities, under suspicion that it accepted checks for the purpose of money laundering. That’s actually why many online casinos do not accept it for deposits, so before you decide to use it, make sure you investigate a bit, to see whether you have the option to use checks for your deposits and withdrawals.

Available Currencies

All currencies are options with checks, because checks are processed by banks, and to use one, you need to have a bank account, which in turn, is usually in your local currency.

That being said, if you are eligible to use a bank draft/cheque, and you wish to use it for online casino deposits or withdrawals, make sure you join an online casino that supports your local currency, to avoid currency conversion fees.

Customer Service & Support Options

Since a bank draft/cheque is a piece of paper processed by your bank, in collaboration with clearing houses, you will need to contact your bank’s representatives in case you have any problems at all with your transaction, or any questions regarding how it works.

But, for deposits and withdrawals with it, make sure you contact your casino’s Support team. They will instruct you on how to use it and help out with anything else you might need.

Written by ShellyS

Senior Content Writer

Expert On: Casino Banking reviews Gambling Regulations US Sports Betting

8 years of experience

539 Written reviews

Shelly has been writing for LCB since March 2018, with a strong focus on banking reviews. Her work helps players understand payment methods, fees, limits, and transaction processes across various casinos. She also covers gambling regulations, offering insights into licensing and player safety. Her goal is to deliver trustworthy, well-researched content that supports smart, secure gambling decisions for players and LCB members.