ACH (Automated Clearing House) is an electronic processing system available to USA players. While it used to be a popular method to deposit and withdraw funds in the past, today is not so common to find ACH casino sites.
Casino players located in the United States know how hard it is to find proper banking methods that allow fast withdrawals. Besides Bitcoin, there are few options available and most of them take some days to be processed, but due to tight regulation, you should consider alternatives or at least get to know more about them.
Of course, there are some pros and cons of playing at any ACH casino site. On the bright side, you should know that ACH works like e-checks and involves low fees. If you have a bank or credit union checking account in the U.S, you are probably able to use this service not only for gambling, but to make online purchases and receive funds. On the downside, most popular USA casino brands do not accept it and the ones that do, take at least 7 days to process a cash out.
How does it work?
ACH is an e-payment system that works like e-checks. It allows casinos – and other online merchants to electronically credit and debit their clients prior verification and authorization. Transferred funds go directly to your bank account.
In order to enable this method, you need to contact your bank and set up ACH payments. By copying your bank routing, checking account number and check id you will be able to transfer funds from and to your bank account with no problems.
In which countries is it available?
ACH is an exclusive payment method available to USA players.
Advantages of using ACH
There are many advantages that comes with this method, considering the lack of options to withdraw your casino funds in USA. The first one is the fact that you can process deposits and withdrawals too. You won’t need to add your credit details, therefore is a great option is you don’t have or prefer not to use credit cards for gambling purposes. Your casino or bank usually won’t charge you for using these services and if they do, fees will be low comparing to other methods.
The system is safe and secure and you will only be able to pay with funds you already have, since no credit is allowed.
Disadvantages of ACH Casino
The first one that comes to mind is that this method is not instant. It can take up to a week to be processed but again, considering the few options available in the United States, it should be taken in consideration. Another relevant point is that most USA friendly casinos won’t accept it, therefore you should consider yourself lucky enough if your casino allows withdrawals with it.
If you have insufficient funds in your account, the transaction will be cancelled and the cash will be returned to your bank account. There’s a minimum of $50 that can be transferred to and from a ACH casino. There’s also a lot of paperwork related to approving transactions using ACH and in case of problems, you will need to go to your bank to settle the issue.
While withdrawals with this method are way faster than using regular checks, they still take a longer time to process comparing to Bitcoin, but we know that not everybody own cryptocurrencies to enjoy instant withdrawals in USA.
How to use ACH at your online casino
First of all, you need to make sure that your favourite online casino accept transactions using ACH. We compiled a list of reputable brands that do so, but as mentioned, withdrawals are not instant. You just need to visit the cashier and make sure you see ACH logo there. You will need to get in touch with your bank to allow transactions to and from the casino venue and that’s it. The paperwork is not simple as paying with your credit card, but it worth the effort in case you don’t have other options available, mainly to withdraw your casino earnings.
Fees and Timeframe
After authorization, your deposits are processed instantly while withdrawals at ACH casino sites may take 7 – 10 days to reach your bank account. Usually, players won’t have to pay any fees but in case they do, the rates will be low comparing to other methods.
There are not many options available to process casino withdrawals in USA in a timely manner. When we hear of a secure method, we must check it and analyze pros and cons. In this case, ACH casino sites are a great for people who prefer not to use credit cards or don’t have one. In any other market, we would suggest to go for a faster and more practical method, but since we are talking about gambling in the American market, ACH processing becomes more relevant. The fact that you can only gamble with funds you already have is great and help players controlling budget and expenses.
Withdrawal times are not optimal, but there aren’t many options allowing instant processing. If you have a bank account or union checking account, chances are on your side and probably you can use this service. It is faster than regular checks and have lower fees – if any – than Western Union or Money Gram.
Ease of use8.0/10
- Deposits and withdrawals available.
- Safe and Secure.
- Gamble with funds you have. No credit available.
- No need to add your credit card details.
- Only available in USA.
- Few casinos accept it.
- No instant withdrawals.
- Need some paperwork.