Sometimes, with all the banking issues that the online casino industry has faced over the last twenty years and the negative impact it has had on players, owners and processors alike, it is difficult to remember that in many countries, online gambling is completely legal, and the banks can be directly involved in the payments process.
This is why when we were writing reviews of casinos, we were a little surprised to see Swedbank, the largest bank in Scandinavia, listed as a payment method for many European-facing casinos. Let’s have a look at Swedbank and how they are helping their customers make deposits and withdrawals at online casinos a little easier.
How does Swedbank work?
Let’s start with the most obvious piece of information: you need to have an account at Swedbank to use them for your online casino transactions. Technically, Swedbank is a company formed of many individual smaller banks, now becoming the largest banking force in the region. The company has subsidiaries in Russia, Estonia, Latvia, Ukraine, Lithuania, and Luxemburg.
To get a Swedbank account, you have to be a resident of one of the above countries. Once you have an account, you can apply for a Bank Link account, which is how you will use the account to pay for your online casino transactions. Then, all you have to do is find a casino that accepts this payment method, and click on it in the cashier. You will be directed to enter your login details, and you can make the deposit of whatever size you want and is allowed by the site. Transactions are secure and instant, so you will be up and ready to play your favorite casino game in no time!
Are there fees associated with Swedbank?
The online casino where you are making your deposit is not going to charge you a fee for using Swedbank for your payments. Swedbank may charge you a nominal fee for using their account, but seeing as this is using your actual bank account, it won’t be nearly as hefty as if you are using a credit card or prepaid debit card.
What casinos will accept Swedbank as a payment method?
The good news for our European readers is that many of the casinos that we review will take Swedbank as a payment method. Of course, it is limited to residents of the countries whose banks are associated with the conglomerate, but that list continues to grow.
The best way to find out if a casino you are interested in takes Swedbank is to have a look at our casino reviews. We do all the legwork for you, creating lists of recommended casinos based on what our readers may be searching for in a site.