Swedbank is one of the largest Swedish banks, which has created its own payment product. Due to the fact that all transactions take place within the bank, a transfer only takes minutes. The system charges no extra commissions from clients who are also the bank’s clients.
The majority of the system’s clients live in Sweden and the Baltic countries. BankLink’s website is available in Swedish, English, Latvian and Lithuanian.
All transactions are carried out via Swedbank. Upon registration, the client obtains a personal bank account, where their funds will be stored. That being said, the service is available to residents of any country. However, to open an account, you will have to upload some documents. The registration procedure is so complicated because a person, in fact, opens an account with a foreign bank rather than just is issued a wallet in an electronic system.
You can withdraw money from online casinos to BankLink without any commission. The money can be sent not only to your bank account but also to a e-wallet. To find out all available cash-out options, reach out to the support by phone.
However, when using the system, you should be aware of the fact that a commission can be charged with certain transactions. To enable the maximum package of services, which allows sending money to any recipient without extra fees, a bank client will be required to pay a monthly subscription of EUR 15. This option allows to avoid large losses when a client deposits significant amounts in their casino account via BankLink on a regular basis.
Most of the time, the limit of about EUR 5,000 applies to withdrawals from online casinos via BankLink, while some gambling websites lower the limit to EUR 1,000.
Security is one of the reasons why people choose Top BankLink casinos. Swedbank has an advanced security system in place which prevents money in your bank account from disappearing. It is there that all funds to be sent via BankLink are stored. Additionally, all transactions and activities of the system are ruled by Swedish law. On the other hand, all casinos that accept this payment method have some relation to the Swedish bank.