Swedbank is a European bank from which transfers can be made to other bank accounts and online casinos. There are currently over 20 online casinos that accept this deposit method, and this bank has partners in Canada, meaning the option is available to Canadian players.
To use the online payment service offered by the bank, you need to have a bank account at one of their branches. If you already have an account, all you need for an online casino deposit is your account details.
If you don’t have a bank account, you can either set one up or, if you have an account at another bank, check with them if they offer a similar payment method. There are also a lot of different payment methods such as e-wallets, credit cards, debit cards and prepaid cards for you to use depending on your location. The casino support should be able to tell you more about your options.
Choose a casino that accepts deposits from this bank, log-in, and head on over to their cashier. Enter the amount you want to deposit and then submit your deposit request. This will send you to the bank’s secure website, where you need to insert your account information for verification. Once complete, the payment will be processed and credited to your casino account balance instantly.
The biggest strength of this deposit method is its convenience and security. That is of course mostly for those who already have an account with the bank, because if you don’t, you’ll have to create one first, which might take some time. If you make a deposit as a Swedbank account holder however, the bank conducts the deposit for you.
Since the transaction is handled directly between the casino and your bank, there is no need to share your financial details with a third-party provider. Your details are kept safe between the bank and the casino, both of which use state-of-the-art security systems to keep their client’s details safe.
Since this bank is not available globally, it is not for all players. Canadian players do however have banks in Canada that are partners with this bank so they can use it, however, a lot of banks offer similar payment solutions so you might not need to locate a branch partner to get a good online casino deposit option.
Creating an account at this bank, if you don’t already have one, might require a bit of work from you. You’ll need to book an appointment with a bank representative, provide them with verification documents and pass standard application rules. Once done however you should be able to use your account just as you would any other bank account.