UseMyBank Deposits & Withdrawals
UseMyBank debuted in 2002, and since then it’s grown into a leading source for transferring from a bank account to the online merchant of your choice. In addition to shopping for shoes or tool sets, it’s also used by numerous gamblers to fund their online casino and poker room accounts.
Please note, however, that a current search for UseMyBank is bound to result is frustration. Sure, you’ll come across a number of websites that offer reviews of the service, but an official UseMyBank website is nowhere to be found. So what gives?
In 2010, UseMyBank (officially known as UseMyBanx) rebranded itself in an effort to more accurately reflect their expanded line of services. The overall company is now known as UseMyServices, while the branch we’ve been discussing for three paragraphs is currently called UseMyFunds.
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Supported Countries and Banks
As of this writing, UseMyServices accepts clients from 55 different nations. The countries they serve are a diverse lot, from the United Kingdom and the United States to Slovenia and Ghana. Gamblers in the Middle East are also in luck, as UseMyBank supports residents of Egypt, Turkey, Bahrain, Iraq, Jordan, Kuwait, Lebanon, Qatar, Oman, Palestine, Saudi Arabia, and the United Arab Emirates.
No matter which country you hail from, you’ll need to check to see if your bank is among the list of supported financial institutions and payment methods. For example, residents of Peru can use the following for online payments: Banco Continental, Interbank, Scotiabank, Caja Municipal Atacna, and Banco de Credito.
Making a Deposit
Since money is kept in your bank instead of a virtual account, it’s safe and easy to use it to fund your online poker account. Here are the required steps to move money:
- Visit the cashier section of the poker room and select the account that you want to finance.
- Make sure that UseMyFunds is listed as a deposit option. Assuming it is, click it to confirm your selection.
- If you have accounts with multiple financial institutions, select which bank you’ll be using for the current transaction.
- Log in by entering your ID and password.
- Approve the payment.
Making a Withdrawal with UseMyBank
Most customers are unable to receive withdrawals with their UseMyBank account. The only exceptions are those with a Canadian bank account who are also authorized to receive a pre-authorization debit (also known as a PAD).
If you meet the above requirements, you’ll need to fill out some forms to make you eligible to receive PADs. Once these have been sent via snail mail, email, or fax, you’ll be able to automatically receive funds into your bank account.
Don’t, however, expect many online poker rooms to make this option available. Your best option is to make a deposit with UseMyBank and then find an alternate source for obtaining your winnings.
Security of UseMyFunds
Whether you call it UseMyFunds or UseMyBank, this service is among the most secure that you’ll ever come across. Throughout the day, the site employs state-of-the-art technology to protect against potentially fraudulent activity. Whenever someone is caught in the act of tampering with accounts or trying to commit identity theft, the consequences are swift and severe.
When you transfer money to an online business, the only information they receive about you is your email address. The details of your finances are always in your control, and they are never shared with the merchant.
Charges Associated with UseMyFunds
In most cases, you should be able to transfer money with the service at no extra cost. Your bank, however, may impose a nominal fee for dealing with online transactions. If you take advantage of the PAD service, there’s also a surcharge of $1.
Another option offered by UseMyServices works like a credit card without requiring you to have one. Known as UseMyCard, it allows customers to use 3V Visa and Ukash vouchers to shop online at a large array of participating merchants. Even better, these vouchers can be purchased by using the services offered by UseMyFunds.
While their endless array of names is enough to cause a brain hemorrhage among new customers, UseMyBank (aka UseMyFunds) still offers a decent option when it comes to putting money into your online poker account. As long as you have funds in a bank account, the transaction can be executed within seconds. The biggest drawback involves the difficulty of getting withdrawals, but you can always get around this by receiving winnings via Western Union, check, or an e-wallet such as Neteller.