Banco de Chile

LATAM players looking for secure casino payments often opt for direct bank payments. However, some banks do not process casino payments, considering the industry is high-risk. Banco de Chile shines bright as a trusted option for online casino players who prefer to deposit and withdraw using a traditional bank.

Casinos that support Banco de Chile have also become more appealing to high rollers even as they serve casual players. That’s because they can make larger deposits and withdrawals compared to other regional casino payment methods. You’ll learn about the financial institution’s background and how it works for casino deposits and withdrawals. We’ve also shared details regarding its transfer time, fees, and security measures.

These Casinos Offer the Best Live Casino Games

.

5.0 rating

Read Review

Play Now

.

5.0 rating

Read Review

Play Now

.

5.0 rating

Read Review

Play Now

.

5.0 rating

Read Review

Play Now

About Banco de Chile

Banco de Chile was founded in 1893 from a merger of Agriculturist Bank, National Bank of Chile, and Valparaiso Bank. Since then, it has remained the leader of the Chilean banking space in terms of deposits and turnovers. The financial institution has headquarters in Santiago de Chile, with branches in New York, Hong Kong, São Paulo, Mexico City, and Buenos Aires.

Aside from serving the gambling industry, it offers a range of services to individuals and other businesses. Its operations are focused on individual clients, SMEs, consumer finance, large corporations, capital markets, and international banking.

Over the years, Banco de Chile has also created subsidiaries that offer security brokerage, insurance and factoring, securitization, mutual investment, and bottomry, amongst other things.

Banco de Chile can be used by locals for deposits at online casinos

Online gambling customers who opt for Banco de Chile can access its round-the-clock customer support. However, you’d need to be a legal resident of any country where it is available to create a bank account. It is also one of the banks in the region that allows you to create an account via its dedicated mobile app on Android or iOS. That also means you can access all its services from your gaming device if you opt for a mobile casino.

If you’d rather not register virtually, you can also walk into any of its branches to make deposits or withdrawals. Users also report speedy transactions and complaint resolutions, which is a major advantage for punters who may need payment challenges resolved quickly so they can play their favourite casino games.

How to Deposit with Banco de Chile

Making a deposit into your online casino account using Banco de Chile is seamless. The first step is to find an online casino that supports bank payments, with Banco de Chile as an option. You can do so by checking the casino’s banking section or contacting customer support before registering. Once you’ve signed up, proceed to the banking section and click on the Banco de Chile icon.

Once the payment page appears, input the amount you want to deposit and provide all the requested information about your bank account. As soon as you confirm the transaction, your balance will be credited in minutes. You can then place bets on your favourite live casino games and enjoy your session.

Security is a priority for Banco de Chile, and that’s one reason why it has thrived for so long. That is also a double advantage for players, as reputable casinos also put security measures like SSL encryption in place, so you get double protection from both ends.

How to Withdraw with Banco de Chile

Making a withdrawal from your online casino account using Banco de Chile is a seamless process that takes only a few minutes. Similar to making a deposit, proceed to the banking section and click on withdrawal. Next, select the bank’s symbol and follow the steps on display. This usually requires you to type in the amount you want to withdraw from your casino balance. Follow this with your bank account details and complete the transaction. Note that withdrawals are not instant like deposits, so patience is required.

If you have claimed any bonus during signup and seek to withdraw your winnings from using it, do well to meet the wagering requirement before withdrawal. Also, complete the KYC process if required so that you can withdraw to your Banco de Chile account. Once all of these have been sorted, wait for the casino to process your withdrawal so you can finally access your winnings.

Transfer Time, Fees, and Security

As with most bank payment options for gambling, speed is an important factor. Banco de Chile is reliable in this area, especially when it comes to instant deposits. From initiating the deposit transaction to its completion, you’ll only need a few minutes, and then you can start playing games.

When it comes to withdrawals, several factors contribute to the wait time, including the amount you are looking to cash out, the casino’s processing time, and, finally, Banco de Chile credit time.

Some casinos can take a few hours to two days to process a withdrawal. Once that’s sorted, you should have your money in your account within a few days. Typically, the entire process takes five to seven business days.

On the bright side, you won’t be charged any fees for withdrawing from the casino to your bank account. The only fees you may encounter might be when you choose to withdraw from Banco de Chile, but they are usually a tiny amount, around 2% of your withdrawal. Still, it makes sense to check the casino’s policy to know if there is an attached fee and if they cover such fees on your behalf.

In terms of security, the casino protects your details during transactions. However, it is also your responsibility to ensure your details are not exposed to prying eyes when you input them into the payment forms. For added security, ensure you use other security measures, like 2-factor authenticators.