BankLink powered by SwedBank is a payment method available only to players from Sweden, Lithuania, Latvia and Estonia. Residents of other countries cannot use BankLink to deposit to online casinos. In addition, BankLink cannot be used as a withdrawal method. One of the basic requirements is to have a SwedBank bank account. In other words, BankLink is an advanced system provided by Swedbank that makes online payments easier, convenient and faster to order. Besides online gaming, BankLink can be used to buy merchandise online, paying bills and other purchases, as long as the merchant is partnered with Swedbank and accepts BankLink payments.
Most likely you already get the picture of how BankLink works from the overview we provided. BankLink is just a special platform of Swedbank that will get your funds to the online casino directly from your bank account. The funds that are transferred will be reflected on your cash balance within a couple of minutes. This means that it’s one of the best, most convenient and probably one of the safest deposit methods for Swedes, Estonians, Lithuanians and Latvians. By depositing with BankLink you avoid unwanted credit card deposit fees, e-wallet loading charges and/or you bypass the inconvenience of going out and buying prepaid vouchers.
As we mentioned earlier, you will have to obtain a different withdrawal method. Most BankLink customers withdraw their winnings via Bank Transfer. However, you can contact the online casino’s customer support and check what your options are. You can withdraw to an e-wallet as well.
BankLink is as safe as your Swedbank account. After all, this is a payment method provided by a bank, a financial institution, closely regulated by corporate laws and legislation. Your money cannot just disappear as you have a Swedbank account. The only way for you to lose the control of your funds stored in the Swedbank account is to have your bank information, your BankLink details and your personal identification documents stolen. It’s reasonable to assume you will report even if at least one of them occurs. Furthermore, because you can use BankLink with merchants that accept it, these merchants are associated with Swedbank one way or another.
In addition, all BankLink users must obtain a certificate, which is granted by Swedbank. This is in essence an encrypted key used for online banking.
The price list of Swedbank in regards to online banking, BankLink is specific is exhaustive. There is a set of fees for local transactions, by local meaning transferring to another Swedbank account, and there’s another price list for payments made to other banks, which cost up to €15 per month. In other words, you pay for the service and you can make transactions throughout the whole month. We like this idea, but only if it was a bit lower.
As far as limits go, there aren’t any whatsoever. The only limit is the amount you have on your bank account and the deposit limit imposed by most online casinos which is €5,000 roughly. There are some online casinos which limit player's deposit up to €1,000.
BankLink allows players to deposit in Swedish Krona (SEK) and Euros (€).
The casinos that accept BankLink deposits are always available in Swedish. This just makes the whole experience much more pleasant, at least for Swedish players. If you see BankLink as one of the accepted deposit methods, rest assured the gaming experience will be a delightful one if you’re from Sweden.
If you want to make deposits via BankLink and you want the complete online casino experience, we recommend visiting Play Million Casino. You can play and deposit in SEK and EUR and you can enjoy your favorite games in Swedish, Lithuanian and Latvian. They also offer quite a lot of convenient withdrawal methods, which means you don’t have to be creative with it.
Other options that can live up to your BankLink expectations are CasinoLuck and NextCasino, both of which are operated by the same people. Virtual or Live Casino Games, slots or table games, they have it all. To top it off, you are eligible for regular generous bonus offers.