When you’re making a deposit, you may not want to use methods that give your bank insight into where the money is going. We will look into the best UseMyBank casinos.
Although banks claim to keep their customers’ financial information private, they are often pressured by governments to share this data. Consequently, many individuals seek other places to store their money.
Processors like UseMyBank are ideal for making sure your iGaming deposits stay anonymous. Founded 20 years ago, this Canadian business entity has had volatility. However, they are now focusing on the Canadian market.
It sued a bank in 2004 and was forced to shut down three years later not because of its own doing, but due to issues with its partner. The challenges faced by the company only served to make it stronger, and helped restore its reputation..
The processor we’ll be discussing today is called UseMyFunds, but some gambling operators still prefer to use its former name: UseMyBank. So, if you come across either of the two names, know that it is referring to the same company. The solution has a great reputation in Canada but also holds sway in other countries like Germany,Mexico, UK, and Australia.
To get access to your newly registered account, simply share your basic details with us. The entire process will only take a couple of minutes. You can only buy things online if you are already a customer with a participating institution.
Contrary to popular opinion, UseMyBank is not an e-wallet because your funds are not credited to a intermediate balance. Instead, the amount you wish to spend is transferring directly from your bank account into the iGaming company’s main balance.
While users in some countries are allowed to link e-wallets, bank cards unfortunately cannot be used for this purpose.
To make a deposit using UseMyBank/UseMyFunds, go to your desired iGaming website and select that option from the available payment methods.After you have mentioned your location and bank, sign in with a payment system so that the transaction can go through.
With this service, there is no waiting time for players after the transaction has been confirmed- they can bet right away. When a payment is made, the player instantly receives an email notifying them of the transaction.
UseMyBank customers will only be able to deposit money into casinos; they won’t be able to withdraw any funds.This opportunity is for Canadian residents with Pre Authorized Debit (PAD) feature activated.If this feature is absent, customers will have to take their money elsewhere.
To activate the PAD option, Canadians will have to go to UseMyBank’s website and fill out a special form. While it may be an extra effort, this will allow them to receive payments more easily.
The only reason members can’t get PAD activated is because of the transaction fee. Customers who use our regular services don’t have to pay anything, while those who utilize the PAD feature are charged between $1 or $2.5 per transaction.
