eChecks move money from your bank account to online gambling sites just like traditional checks but involve no paper and are processed much faster. In fact, most eCheck services process payments instantly.
The term “eCheck” has fallen out of favor in recent years, but the deposit method it describes is still alive and well under various names.
There are a myriad of gambling deposit options that fall under a broad “eCheck” category and the exact list varies from one gaming site to the next. Below is a brief overview of some of the more popular eCheck-type of services. Your site may offer others in addition to these, but you’ll see that they all follow the same basic idea.
Instadebit: Instadebit bills itself as “just like a cheque, but online.” You will need to sign up for an Instadebit account the first time you use it, but it does not act as an e-wallet. When you make a deposit, you’ll be asked to log in to your Instadebit account and approve the transaction. Your money is then moved straight from your bank account to your gambling account.
Fast Bank Transfer: Also called “local bank transfer,” this method can be used online via your existing internet banking account. You can also make deposits at supported banks in person or over the phone with your bank.
Przelewy24: This is an instant banking method available to Polish gamblers. It accepts transfers from most banking institutions in Poland and all deposits are processed instantly.
Sofortüberweisung: Similar to Przelewy24 but tailored for German players.
TrustPay: Same as above but tailored for those in Eastern European countries.
iDebit: Allows you to make instant direct-banking deposits online without a credit or debit card. This deposit method is available to players in Australia, Austria, Canada, Finland, Germany, Hungary, Italy, Japan, Latvia, Lithuania, New Zealand, Poland, Portugal, Slovakia, Sweden and the UK.
Some types of eCheck services can take up to five business days.