Monday, January 30, 2012

Online Poker Deposit Options: Savings Account

Online poker players who do not have a valid checking account or credit card may face a slew of difficulties when attempting to fund their online real money poker accounts. One option that remains for these individuals is funding directly from a savings account at their local bank or financial institution. However, the difficulties in depositing funds to an online poker account directly from a savings account can make this deposit method impractical for most online poker players. In order to determine whether or not a deposit from your savings account will work for you, it is important that you consider all of the benefits and costs of doing so prior to attempting to complete the funds transfer.

Few online poker sites will actually allow fund transfers directly from a savings account. These generally do not have the same accessibility options when compared to a checking option. While a checking account deposit uses the routing and account numbers to create an electronic "check", the savings options are unable to provide the same ease of accessibility. Therefore, it is always recommended that you use a checking account when available, and avoid trying to make an online poker deposit directly from your savings.

In order to make a deposit to your online real money account from your savings account, you will need to provide the poker site with your complete account information and details. This can be uncomfortable for many individuals who are wary of providing personal and private account information to a poker site. As always, remember to only play real money poker at sites that are reputable and well-known for their safety and account security. However, no site is entirely immune to the risks associated with providing private account information online. If you must deposit to your real money account through your savings, it is recommended that you open a separate savings account whose sole purpose will be online funding. That way, you can minimize your risk to fraud and identity theft by keeping the bulk of your savings funds apart from your poker account on the Internet.

Many banks and financial institutions prohibit deposits directly to online poker sites. If this is the case, you may want to consider using your savings account to fund a third-party account provider, such as Neteller or make a deposit using Instadebit. Using a third-party payment processor will allow you to make transfers to your real money online poker account without having to provide your personal bank account information to the online poker site. This will also allow you to avoid the rejections and authorization holds that many banks place on deposits to online gaming sites. Therefore, funding your online poker real-money account from your savings account is likely an inefficient means of deposit unless you use a third-party deposit processor. As always, be sure to check with your local bank or financial institution to determine if a savings account deposit will work for your online poker real-money account.

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