Transferencia Bancaria, also known as Transferencia Bancaria Local, or Lobanet, is a payment system designed specifically for South American countries. This is a quick and convenient online payment method that best suits the LATAM countries’ consumers, most specifically Brazil, Mexico, Peru, Argentina, and Uruguay.
One of the system’s main benefits is that you don’t need to register to start using it, which makes it extremely popular among punters in Latin America. The only thing that is required is to have an active and valid account with one of the banks that joined this network of local banks.
This is an online banking platform that connects your bank account to the online merchant. The system allows you to make payments and transactions directly from your bank account. In other words, Transferencia Bancaria is a regular bank/wire transfer, just like the name itself implies.
This system’s main benefit is that it enables financial transactions without needing you to provide any personal or banking details. The network comprises several banks, such ABN AMBRO, Banco do Brasil, Royal Bank of Scotland, Banco HSBC, Banco Itau, Banco Banrisul, Banco Bradesco, and others. These are all renowned, trustworthy banks, so Transferencia Bancaria has gained a lot of trust and popularity.
Although this is a bank network, you are not obliged to make any sign-up or “joining-the-club” procedure. You only need to have an active bank account in one of these banks. When you wish to make a payment, as a client using Transferencia Bancaria Local, you only need to pick this network and fill out the form on the secured page with the required details.
The system has been created to solve the problems of people/punters who do not have, trust, or simply do not wish to use credit and debit cards for online gambling.
The players who don’t have bank accounts in one of the banks from the Transferencia Bancaria Local network will not be able to use this system’s benefits.
The transactions within the network are done in Latin American local currencies.
How to Deposit via Transferencia Bancaria?
To deposit funds to your online gambling balance using Transferencia Bancaria, first, go to the cashier page, and find bank transfer among depositing options. Select your country and the bank, and click to make a deposit. The transaction is done through the local banking service.
How to Withdraw with Transferencia Bancaria?
To withdraw funds by bank transfer, visit the cashier page one more time and look for bank transfer as a withdrawal method. Select your country and the bank where you hold your account and enter the sum you want to cash out from your live casino. Finally, enter your bank account number, and that’s it.
Transfer Times, Fees, and Security
Since deposits are processed via local bank services, the time necessary to finish this payment usually lasts just a few minutes. This is also one of the benefits of this network and why punters select it as their preferred depositing method.
The main downside of withdrawing funds with bank transfer is the time necessary for banks to process these transactions. The process usually takes between 3 to 5 business days before you can use the money.
The service is done securely and swiftly. As no pre-registration to use Transferencia Bancaria is necessary, you are paying directly from your bank account without revealing any personal or financial information. Furthermore, the service protects transfers with state-of-the-art encryption and security features used to secure all international banking transactions.
One more thing and a huge advantage of this service is that it is free.