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Complete Information about Bank Draft
Numerous online casinos will accept Bank Drafts, covering the costs of processing and shipping into a players account. Bank Drafts are usually awarded by the casino with a 15% deposit bonus each time it is used. A Bank Draft works almost exactly as a personal check would, only with one difference - It takes a longer of time to clear.
The standard clearing time for a Bank Draft transfer takes up to ten business days, whereas personal checks may not clear for up to three weeks.
Also going by the name of Xpress Payments, Bank Drafts require a valid banking account, and are available in multiple currencies. However, there are no currency exchanges, meaning that U.S. account holders cannot receive funds in Euros or pounds.
Casinos that permit bank drafts will have specific instructions on how to initiate a fund transfer. It will likely entail mailing a personal check to an Express Funds Processor for the casino, who will in turn, transfer the funds into a bank draft at the online casino. Players can FedEx or priority ship their check, which the casino cashier will reimburse into the players account. All account and mailing information will be supplied by the online casino.
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