Swedbank is one of Sweden’s most famous banking companies. They are also found outside of the country and represent one of the most trusted businesses you can choose to bank with in Scandinavia. It is unsurprising then that many Swedish players decide to go about their banking business using this option.
Before any deposit can be made (or withdrawal, for that matter) at a casino, players must ensure that they have an account with Swedbank. Opening an account with Swedbank is a bit of a hassle, but once you have an account with them, depositing at casinos is a doddle.
Depositing with Swedbank
There are two types of cards issued by Swedbank. One of these is a credit card, and the other is a debit card. VISA and VISA Electron are the two most common types of cards associated with Swedbank accounts. Players can opt to use either of those or send a Swedbank transfer to their casino to top up their balance.
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If casino members choose the latter, they will need to obtain the bank transfer information from the cashier page. However, depositing with a Swedbank card is just as easy (albeit riskier). Players only need to fill out their card info into the boxes provided on the cashier page, under the Swedbank option and then confirm it. Card deposits are instant, while bank transfers can take a few hours. There are no fees for using either Swedbank option at betting sites.
Swedbank can often be used for withdrawals, too. This is where players may encounter a fee. Selecting Swedbank as an option may see the casino charge a small fee (either percentage based or fixed) but the bank itself will seldom take a slice of that.
Players should always take note of any fees they may have to pay before they choose to use Swedbank to take out their winnings. Moreover, there are typically delays of 2-5 business days for card and bank transfers using Swedbank at online casino sites.
The Final Word
Swedbank is a decent option if you are based in Scandinavia, want to use your card or bank to deposit, and have no interest in signing up to a new payment method option. Swedbank is one of the safer bank transfer methods you can use, and all major casinos have encryption and security software to make secure any transfer you plan on making. Even so, players should always be vigilant when using their bank account to deposit online, be that at an online retailer or a casino site.
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