UseMyFunds, formerly known as UseMyBank, is an online payment processing service which allows you to make transactions from your bank accounts directly to a casino, without having to compromise your privacy. Since it is a direct transaction, you do not need to be in possession of any kind of debit card or credit card. Established back in 2002, the payment method has been used in several UseMyFunds casinos.
For online gamblers, UseMyFunds offers a fast, convenient, and secure way to make deposits to their casino accounts. The service is available to account holders at numerous banks in over 50 different countries. Furthermore, for each of the countries that it is available in UseMyFunds offers its own payment connection that could range from banks to payment wallets.
One of the things that make it popular is the fact that it is supported by several casinos and this not only fuels its popularity but also proves its efficiency as a way to make deposits to casino accounts. What’s more is that UseMyFunds doesn’t have access to your bank account, so your personal financial data is completely protected.
Bonuses are among the most important pillars of a quality casino and when choosing new casinos to play from, players will always consider the welcome bonus. That said, most of these online casinos have sign-up bonuses that are anchored to the first deposit players make.
In some cases, online casinos have clauses in the terms and conditions where players forfeit a bonus for making deposits using certain banking methods. Luckily, UseMyFunds is not among these methods but to be on the safe side, it is always advisable to check the terms and conditions.
The question that comes to mind when deciding which banking method you prefer is, “Why go for UseMyFunds?” There are a number of factors to consider when choosing a payment method and these include security, convenience, fees, speed and even availability. If the method you choose successfully qualifies based on these factors, then it is definitely worthwhile.
- Security: UseMyFunds is one of the most secure ways to make withdrawals and deposits especially considering that you do not need to download or install anything on your computer. Furthermore, UseMyFunds does not share any of your bank account information with the online casino.
- Convenience: Nothing beats the ease of using most of their services without even having to create an account. Not having to create an account means that you remain anonymous, too.
- Fees: Since UseMyFunds is merely facilitating transactions between the bank and casino, there are usually no fees implied. Sometimes, however, this depends on the bank you are using.
UseMyFunds is an ideal banking method for online gamblers. The convenience it offers is virtually unbeatable, but like all things in life, it has a few shortcomings. To begin with, the payment method is not available universally. There are quite a number of restricted countries.
- Withdrawals: Despite UseMyFunds being a reliable way to deposit funds, the same cannot be said when it comes to withdrawals since using it for withdrawals is not nearly as straightforward.
- Country restrictions: Although UseMyFunds is available to players in Canada and the USA, there are some countries that cannot access this service.
Choosing a payment service means you need to consider a lot of factors, like already mentioned. Other than the convenience, speed and security that it comes with, UseMyFunds has to go the extra mile. With many options to choose from, UseMyFunds tries to gain the upper hand by not levying any fees on the transactions. Instead, any fee incurred is usually by the bank or the casino. That notwithstanding, terms vary from casino to casino and from bank to bank so be sure to read the fine print before you transact.
UseMyFunds is an international online banking service provider. Players from Europe, the Middle East, Canada and parts of African can use this service but unfortunately, not all currencies are accepted. Hopefully, as the world grows and becomes a global community, this will change.
- Canadian dollars
- United States dollars
Creating An Account
The main selling point of UseMyFunds is to provide online banking services with the utmost convenience and security. This the reason why it does not bother its customers with extra steps of having to create accounts. In this sense, not only is it more secure but also easier to use.
- You do not require an account to access its services
- You also do not need to install any additional software on either your computer or mobile device
UseMyFunds is not an e-wallet bank but rather a gateway to accessing banking services. Moreover, you do not need to create an account with them since the service acts as a middleman. To deposit money to the casino, all you need is funds in one of the supported banks and you are good to go.
- Have a bank account from a bank that is supported and have funds in it
There are many casinos that accept UseMyFunds deposits due to the fact that it is a popular online banking service provider. All you need to do is head over to the payment methods and select UseMyFunds from the cashier window, complete the required information and sit back as the site takes care of the rest.
- If your bank is listed on their website then simply choose it, enter the account information and submit the payment
- The entire process is absolutely free and instant
UseMyFunds is absolutely reliable when it comes to making deposits. Withdrawals, on the other hand, are a different story. This service is unavailable to most people, and the process that is required to activate is only made possible for Canadians. Moreover, not all casinos offer this as a withdrawal method.
- Only available for Canadians and not all casinos offer this as an option
- Getting approval involves becoming pre-authorized for PAD transactions
In addition to the convenience and the ease of use, security is a customer’s biggest concern while making online transactions. Not only is UseMyFunds a reliable method to make payments, but also a safe one. It uses the latest SSL 128-Bit encryption to protect user information from unauthorized eyes.No data is collected by UseMyFunds so all your passwords and PINs are for your eyes only. The level of confidence that customers have in UseMyFunds is due to years of excellent service delivery.
For customers in Toronto, Canada, support is available by phone 24/7 through this number: 416/907-8382. There is a support email, firstname.lastname@example.org, that can be used to contact them as well as 3 other emails that deal with different issues. For instance, with regard to risk, finance and fraud email them using: email@example.com, while firstname.lastname@example.org is appropriate for other general inquiries.
- Email: For different queries use email@example.com, firstname.lastname@example.org or email@example.com
- Telephone: The most direct way to contact them is through the Canadian line, 416)907-8382 that is available 24/7
Not having a VIP program, UseMyFunds treats all its customers with the highest esteem. You can rest assured you’re getting the best service, just like anyone else using the method.
Of the myriad online payment methods that help casino players handle deposits and withdrawals, not many have an untainted reputation like UseMyFunds does. You can only make a name for yourself by offering quality services and this is exactly what UseMyFunds does.
There are over 50 countries where UseMyFunds is supported and the fact that banks are willing to partner and support it verifies its credibility. Checking if your online casino supports this banking method is imperative and so is reading the terms and conditions that accompany its availability. As technology improves, there is hope for UseMyFunds becoming an international banking service provider.