UseMyFunds Casinos 2015
UseMyFunds is owned by a Canadian based company that has over three decades of experience in the financial sector. UseMyFunds was introduced in 2002 and was one of the very first online payment methods that combined their services with well trusted banks.
Most players will not need to register to UseMyFunds in order to use their services, you only need to live in one of the countries UseMyFunds offers its services too.
Casinos that Accept UseMyFunds Deposit and Withdrawals:
|Rank||Casino||US||Rating||Sign Up Bonus||Review|
|1||888Casino||4.2/5||100% up to £200||Visit Site
How UseMyFunds works
UseMyFunds is a convenient, secure and an easy way to receive and send money online. The system works with your bank account and you are not required to download anything or require any virtual card. UseMyFunds is a third-party payment system between you and the merchant (online casino), and the main benefit is to keep sensitive information safe.
UseMyFunds is mostly used by Canadian residents but offers its services to many other countries. A full list can be found here.
How to deposit using UseMyFunds
To deposit at an online casino using UseMyFunds you will first need to verify your bank account with the service by visiting their website. Once complete, click on the UseMyFunds deposit option at your selected online casino, select the amount you wish to deposit and press the proceed button.
You will be asked which bank you use and redirected to their Internet banking page. Enter your details to login and simply approve the transfer. Deposits using UseMyFunds are instant and there is no charge from the online casino.
While the online casinos don’t charge, UseMyFunds do. Pre Authorized Debit (PAD) users are charged $1 for every transactions, while iPIN members will pay $2.50 or 2.5% of the value of the transfer.
If you are not a PAD or iPIN member you are not charged by UseMyFunds for using their services. However, your bank may charge you a small fee for using their service.
Contact your local bank to find out more information regarding fees when using UseMyFunds.
How to withdraw using UseMyFunds
There is only one way to withdraw your winnings from online casinos using UseMyFunds. This option is only available for Canadian users who have their bank account approved to receive PAD payments. Anyone else will need to use one of the other several withdrawal methods offered by the online casino.
To become PAD authorized you will have to fill in a special form that can be found on the UseMyFunds website. If you are not PAD authorized then we suggest checking the withdrawal options carefully before you make a deposit using UseMyFunds.
The pros and cons to using UseMyFunds
Instant transfers – Once you approve the transfer, money is deposited from your bank account to your chosen online casino in seconds.
No fees – If you are not a PAD or iPIN member you are not charged for using the UseMyFunds service, nor are you charged by online casinos.
Privacy – All transactions carried out by UseMyFunds are private and don’t contain any of your banking information. Online casinos and other merchants will not have any of your banking details on record.
Secure protocol – UseMyFunds uses SSL encryption for each transaction making the system 100% safe and secure.
No registration – Unless you are a PAD or iPIN member you are not required to signup to the service.
Country restrictions – UseMyFunds can only been used in a few countries and is not as open as the likes of Skrill or Visa. The service can only be used by players in those countries whose bank have a direct relationship with UseMyFunds, which narrows things down further.
Lack of withdraw options – To withdraw from online casinos using UseMyFunds you need to become a PAD member, else you need to find another option.
PAD fees – Each time you make a transaction you will be charged $1CAD if you are a PAD member.
UseMyFunds is being mostly used by Canadians who are looking for a safe and secure way to get money online. As the service grows and expands we fully expect UseMyFunds to build relationships with more banks worldwide, or at least we hope so.
If you are looking for an online casino that offers the UseMyFunds method, every single online casino listed in this article will be a huge hit. You can’t go wrong!