UseMyBank
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UseMyBank is yet another method of online payment that makes wire transfers and credit/debit card transaction easier for the customer. One of the major differences of this company from others that offer the same service is that fact that they offer 24 hours a day/7 days a week customer service by telephone. UseMyBank is one of the few online payment processing companies that provide this very valuable service. The minor fees that UseMyBank charges are just a small price for pay for quality customer service and a low rate of transaction errors.
One of the best advantages to the use of UseMyBank is the ease of use with which this payment method is associated. Unlike UseMyWallet, you do not need an invitation to be able to use this payment method and actually filling out the information and preparing for your first transaction typically takes 2-3 minutes. This makes UseMyBank once of the simplest and fastest payment methods in terms of sign up time and preparation. The time required for each payment to process is also regarded as being relatively fast when compared to other methods.
The basic way the UseMyBank works is by combining all of your online payment methods into a single easy to use payment method. Many users that use multiple forms of online payment methods find this system to be invaluable in the effective management of hard to track multiple payments. For people that only gamble online on occasion, this method of payment tracking may not be as valuable. Consider using a different payment method for occasional or small transactions that are easily viewed and tracked.
Pros
Customer Service: UseMyBank offers both constant telephone support and a quick reply e-mail support line for its current and potential customers. Payment disputes and general questions can be quickly and easily addressed using either of these methods. The average wait time for the telephone was very short at a mere 60 seconds.
Security: Security: UseMyBank is one of the most secure payment methods available. Each transaction is subject to multiple verification and accuracy checks before being completed. If a mistake is made, the mistake is clearly evident on your account statement. Mistakes themselves are rare and easily fixed.
Currency Options: UseMyBank can handle almost every type of currency that is in circulation. However, you may need to verify that your online casino also accepts your desired currency. If UseMyBank accepts a currency type that the casino does not, your payment may be rejected or fail.
Ease of Use: UseMyBank is one of the simplest and fastest payment methods in terms of sign up time and preparation. Most of your information is already recorded when you receive an invitation to use this payment method.
Cons
Availability: While many websites allow you to make deposits, there are very few online gambling websites that allow you to make withdrawals by using UseMyBank. This may prove to be frustrating for people that prefer to use only one company to handle all of their online transactions.
Location: While this company is working hard to secure banks all over the world, there are a few locales that may not have any support from UseMyBank. You may need to check the specific availability for UseMyBank accepted banks before making a deposit.
Typical Deposit Limits
The deposit limits imposed on UseMyBank are entirely dependant on the website to which (or from which) the payment is being issued. As a general rule, UseMyBank does not impose any transaction limits but may charge different fees based on the amount of money transferred. These fees are typically not imposed on transactions that are not very large. Some common deposit limits include:
Minimum deposit of $25 on all transactions.
Limit of $2,000 imposed on all transactions.
Limit of $3,000 imposed on all transactions.
No transactions allowed until a pending transaction is approved (if one is withstanding).
Necessary Verification
Information requested when you begin using UseMyBank usually depends upon the method used to cover the wire transfer. In general, you should be prepared with the following information when preparing to complete your first transaction using this payment method:
Name Address Telephone Number Birth Date Social Security Number (Last 4 Digits) Bank Account Information
Fund Availability
The type of payment that you make through UseMyBank usually determines the transaction speed. Payments made by using credit and debit cards are typically completed within a few minutes while more complicated bank and wire transfers can sometimes take several days. During the payment process, UseMyBank will provide you with an estimated time frame for payment arrival as part of the verification process.
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