A guide to Stake casino bank transfer for beginners

Stake offers top-tier service as the ultimate online casino and sportsbook destination, including a wide range of payment options. You can easily deposit through online casino bank transfers, cryptocurrencies, credit/debit cards, or e-wallets. These allow you to build and manage your bankroll based on your preference. 

If you’re a bettor who opts for fiat transactions, you can choose the Stake casino bank transfer method. This method is similar to how other banking transactions work online. Explore more of what Stake offers through this method—here is a guide on everything you need to know about Stake casino bank transfer:

Are there any fees for bank transactions at Stake Casino? 

Stake or the payment provider will not charge any direct fees to your account when making bank transactions. However, your bank may apply a currency conversion fee. The amount can vary depending on the bank you use. Also, note that some banks may charge a separate transaction payment fee on top of the currency conversion fee. 

Pros of choosing bank transfer as a transaction method at Stake

Despite the fees, there are many pros to using the Stake casino bank transfer. These are:

• Security: Bank transfers are considered a more secure than other options. This is because they typically involve additional layers of authentication and verification.
• Familiarity: Most users are already familiar with making bank transfers. This makes the process more simple.
• Reliability: Bank transfers are a well-established and widely accepted payment method, which can provide a sense of assurance and stability for users.
• Traceability: This payment method leaves a clear paper trail, making it easier to track and monitor the movement of funds. This is great for record-keeping and tax purposes.

How do you deposit using a bank transfer at Stake casino? 

The Stake casino deposit process through bank transfer is easy! Follow these simple steps to get started on your deposit:

1. Click the ‘Wallet’ button in the site's top middle bar.
2. Click the ‘Deposit’ button.
3. From the list, choose the bank you prefer to use. Then, you’ll be redirected to your selected bank's online banking page.
4. Enter the required details, such as your online banking username and password, to complete the authentication process.
5. Once the bank transfer casino is approved, the deposit will typically be credited to your Stake casino account within 2-3 minutes.

Deposit FAQ

If you encounter any issues or concerns when placing a Stake casino bank deposit, here are some frequently asked questions you can refer to:

What should I do if I am unable to deposit via bank transfer?

You may encounter a bank transfer online casino issue for different reasons. Here are a few common ones and how to solve them:

• You might not have completed the Identity Verification Level 2 process. Go to your account settings and click the ‘Verify’ tab to do so. You must submit a front and back copy of your Japanese passport, national ID card, or driver’s license here.
• Another potential reason is that you entered a number different from the passport, driver’s license or national ID you used for your first deposit. Make sure to double-check to ensure that it matches the information you provided. 
• If you can't access the transfer details screen, there might be an issue with your network connection. Try using a different network. If the issue persists, contact the Stake live support team for further assistance.
• If you receive the error message ‘Unusual activity detected,’ it's best to contact the Stake live support team immediately and provide a screenshot of the error message. They can then investigate the issue and guide you on resolving it.

What are the banks available for deposits?

Stake supports a wide range of Japanese Banks. These are the available options:

What should I do if I forget to include the transaction ID when I make a bank transfer?

The transaction ID is crucial as it is required to process your bank transfer deposit. If you forgot to include it in the bank transfer, contact Stake's live support team as soon as possible and provide them with a screenshot of the payment receipt that confirms the following details:

• Transaction date
• Withdrawal account
• Name of the request
• Recipient (including bank name, branch name, and account number)
• Date of transfer
• Amount transferred

If you do not have proof of payment, contact your bank to obtain the necessary information. Please note that if you make multiple deposits without including the transaction ID, the settlement agent may take up to 24 hours to process the payment manually. 

How long do bank transfers take?

Bank transfer deposits are processed through the platform's payment processor's automated system. This process is usually quick, but it might take up to 24 hours to be fully credited to your account.

If it is not credited within 24 hours, or if you made a transaction using a third party's account and the amount has not been returned to that account, contact Stake's support team. Be sure to provide a screenshot of the transfer details that confirm the information when the transfer was made.

The screenshot should include:

• Transaction date
• Name of the request
• Recipient's details (including bank name, branch name, and account number
• Date of transfer
• Amount to be transferred. 

Once the transaction has been made, note that Stake cannot cancel it. Therefore, double-check all the details before you start the transfer to ensure a smooth process.  

How to withdraw using bank transfer at Stake Casino 

To withdraw funds through the online casino bank transfer method, you must first complete the Identity Verification Level 2. As mentioned, this process requires you to submit a valid form of identification. Once done, here is a step-by-step guide on how to withdraw through bank transfer;

1. Click the ‘Wallet’ button in the site's top middle bar.
2. Click the ‘Withdraw’ button.
3. Select ‘Bank Transfer’ as your preferred withdrawal method.
4. Enter the required details, including the withdrawal amount, the valid form of identification you submitted, the branch number, and the account number. Then, choose your bank from the list of available options.
5. On the first withdrawal screen, you will be asked to enter your name (Katakana format).

Make sure that you are withdrawing the money to your bank account, as Stake cannot cancel a transaction once it has been processed. Note that even if you have entered your bank account details incorrectly, you cannot cancel the transaction. In such cases, you must wait until the funds have been refunded to your Stake account.

Withdrawal FAQ

If you encounter issues or concerns when withdrawing your money through bank transfer, here are some frequently asked questions you can refer to:

What should I do if I am unable to withdraw via bank transfer?

When you encounter an issue when withdrawing through bank transfer, here are a few common reasons why and how to solve them:

• Similar to depositing, one of the main reasons you are unable to withdraw funds is that you have not completed the Identity Verification Level 2 process. As mentioned, you can complete this by simply submitting a front and back copy of any valid form of identification.
• Another reason is that you have potentially entered a number different from the valid form of identification you used when you made your first deposit. Double-check the number on your submitted ID card during the Identity Verification Level 2 process. 
• If you do not wager 100% of the deposit you made, your withdrawal will be restricted. To resolve this, make sure to play the deposited amount.

If these do not apply to you, contact Stake's live support team for further assistance in resolving the withdrawal difficulties. The support team can investigate the specific problem and guide you on how to resolve it.

What is a clearing number?

A clearing number is required when withdrawing money via bank transfer. It is a 7-digit number combination of the 4-digit bank code and the 3-digit branch code. If you do not provide the correct 7-digit clearing number, your withdrawal request will not be processed, and the money will be returned to your account.

Make sure that you are entering this code accurately, along with other key details. This includes the withdrawal amount, bank name, branch name, account number, beneficiary name (in English), and local beneficiary name in Katakana.

Why did my withdrawal bounce back to my Stake account?

There are a few potential reasons why your bank transfer withdrawal bounced. This includes: 

• You did not enter your name in full-width Katakana format, or your name and surname were entered backwards. In this case, contact Stake so they can request that the payment processing company correct the name.
• Another reason could be that you did not accurately enter the bank branch or account number. Even a small discrepancy in these details can cause the withdrawal to be returned.
• It's also possible that the wrong account was selected for the withdrawal, leading to the bounce-back.

How long do bank transfer withdrawals take?

Stake bank transfer withdrawals typically take up to 24 hours to process and reflect in your account. If the transaction is listed as ‘Pending,’ it means the payment provider is still processing the request. 

If your withdrawal has not been credited to your bank or Stake account after three business days (excluding weekends and holidays), contact Stake support for assistance. However, it's important to note that the processing time may vary depending on the payment method, your location, and the overall transaction volume. 

What safety and security measures does Stake Casino have for bank transfers?

Banks use various security measures to protect your personal information and safely transfer funds. Here are some of them:

Authentication and authorisation

Bank transfer transactions typically require secure login procedures, such as usernames, passwords, and two-factor authentication (2FA) methods like SMS or email-based verification codes. Banks may also require additional steps for certain transactions. This involves entering a one-time code, which is usually sent to your registered mobile number.

Encrypted communication

Banks use encryption to protect sensitive data. Some types of encryption used are:

• SSL/TLS encryption: Bank transfer transactions are carried out over secure, encrypted communication channels using protocols like SSL (Secure Sockets Layer) or TLS (Transport Layer Security). This ensures that the data transmitted between the customer and the bank is protected from eavesdropping and tampering.
• End-to-end encryption: Some banks may also use end-to-end encryption, where the data is encrypted at the customer's end and remains encrypted throughout the entire transfer process. This ensures that even the bank's internal systems cannot access your data.

Fraud detection and monitoring

Banks use algorithms and machine learning techniques to continuously monitor transaction activities, detect unusual patterns, and flag potential fraudulent activities. They also analyse various parameters, such as transaction amounts, frequency, and geographical locations. These help them identify fraudulent attempts and trigger additional security checks or blocks.

Regulatory compliance and security certifications

Banks must comply with various regulatory requirements, such as the Payment Card Industry Data Security Standard (PCI DSS). This mandates stringent security measures for the handling of financial data. Banks also need to get security certifications, such as ISO 27001 for information security management. This shows their commitment to maintaining robust security practices.

How to keep your online bank account safe and secure

Keeping your online bank account safe and secure is crucial in today's digital landscape. Here are some key steps you can take to protect your account:

Use a strong and unique password

Create a strong, unique password for your online bank account that is not used in any of your other accounts. Consider using a password manager to generate and store complex, random passwords. If available, enable two-factor or multi-factor authentication (2FA/MFA) on your account to add an extra layer of security.

Be vigilant with phishing attempts

Be wary of unsolicited emails, text messages, or phone calls claiming to be from your bank and requesting sensitive information. Never click on links or attachments in these types of messages, as they may be used to steal your login credentials. Instead, directly access your bank's website by typing the URL in your browser or using a trusted mobile app.

Keep your software and devices updated

Ensure that your computer, smartphone, and any other devices used to access your online bank account are running the latest version of the operating system and have up-to-date security software. Enable automatic updates whenever possible to ensure you're always protected against the latest security threats.

Use a secure internet connection

Avoid accessing your online bank account on public Wi-Fi networks, as they can be prone to eavesdropping and man-in-the-middle attacks. Use a virtual private network (VPN) or a secure, encrypted connection when banking online, especially when using public or shared internet access.

Monitor your account activity

Regularly review your account statements and online activity to identify unauthorised or suspicious transactions. Consider enabling text or email alerts for certain account activities, such as large withdrawals or login attempts from unfamiliar locations.

Report any suspicious activity to your bank immediately. If fraudulent activity is proven, the bank will block your existing account and provide you with a new one.

Frequently Asked Questions

Here are some of the most frequently asked questions about Stake payment methods: