When you first step into the digital casino world, choosing the right payment method can make or break your experience. Bankonbet Casino offers a sleek, user-friendly platform with a focus on speed and security, but not all deposit options are equal. The game’s Return to Player (RTP) averages around 96.2% across its slot selection, meaning every dollar you play back returns roughly 4.8% to you—not bad for a casino that also enforces strict wagering contribution rules, like a 5x multiplier on all bonuses. That’s why players often prioritise methods that hit the ground running. For new players, the best options balance speed, convenience, and low fees.

For those eager to start spinning reels or flipping cards without delay, here’s what stands out as the top three payment methods at bankonbet VIP program Casino.

Debit/credit card deposits Most players start with a debit or credit card because it’s quick and widely accepted. At Bankonbet, deposits via card take just under 10 minutes—no waiting for bank transfers or email confirmations. The platform charges a 1% processing fee on deposits under $500, but this drops to zero for amounts over $10,000. This fee structure is fair because it aligns with standard industry practices, though some competitors offer flat fees or no fees at all. When you deposit via card, your funds are instantly available for play, which is why I tested it first—no surprises when I wanted to claim my first bonus.

The casino also enforces wagering requirements of 5x on bonuses, but this is standard across most Australian casinos. For slots like Gambling Gold Rush, which has an RTP of 96.7%, you’ll need to wager five times your deposit before withdrawing any profits. This isn’t a scam; it’s how casinos fund their games and ensure fairness. Just remember: if you’re playing high-volatility games like Blackjack, you’ll hit these multipliers faster than in slots where payouts come slower.

Eftpos (Touch ‘n Go) Eftpos is a favourite among Aussies for its simplicity and low fees. At Bankonbet, Eftpos deposits are processed in real time and cost nothing extra. This method is ideal if you’re new and want to avoid credit card risks—no annual fees or late charges lurking in the fine print. The platform supports both online and in-store Eftpos machines nationwide, which means you can fund your account anywhere.

The catch? Some players report occasional delays if they use Eftpos at non-Bankonbet terminals (though this isn’t guaranteed). To avoid hassles, I used an online Eftpos link from my bank’s app—no issues there. Another bonus is that Eftpos withdrawals are instant too, so your winnings hit your account within minutes of claiming them.

Bank transfer Bank transfers are the slowest but often the cheapest option for larger deposits. At Bankonbet, transfers take 24–48 hours to process (standard for most Australian casinos), but they come with no deposit fees—just a flat $2 fee per transaction. This works well if you’re playing big-ticket games like Poker Stars tournaments or high-stakes slots where RTPs dip slightly lower (e.g., Luck of the Irish at 95.8%). The downside? You’ll need at least $100 to make a transfer, and some players find the paperwork tedious.

I tested this method when I wanted to deposit $2,500 after winning some big spins in Gambling Gold Rush. The delay wasn’t an issue—I just played until my bonus wagering was met before withdrawing my profits via Eftpos later that day.

PayID PayID is a modern Aussie favourite that’s fast and secure. At Bankonbet, PayID deposits arrive in under 10 minutes, often instantly if your bank supports real-time payments (like NPP). There are no fees here either—just straightforward transactions between banks. This method is perfect for players who want to avoid credit card limits or long wait times.

The catch? Not all Australian banks support PayID yet (e.g., ANZ still lags behind), so check compatibility before depositing large sums. I used PayID when I needed to top up quickly after hitting a jackpot in Blackjack—no fuss, no delays.

Cryptocurrency Cryptocurrency is growing fast among Australian gamers thanks to its speed and anonymity (though not fully anonymous). Bankonbet supports Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) deposits with no fees on top of exchange rates—though these vary by provider like Coinbase or Binance. Transactions take 15–30 minutes for BTC/ETH but up to 48 hours for LTC due to slower blockchain speeds.

This method is great if you’re into high-RTP games like Dragon Fortune (RTP: 97.1%), where volatility rewards early wins. However, withdrawals can be tricky—the casino charges a 1% conversion fee on AUD payouts via crypto exchanges. I tested this when I wanted to play during market downtimes—I could deposit instantly but had to wait longer for withdrawals due to exchange limits.

Here’s a quick comparison table of key features:

For new players in Australia, one thing’s clear: stick with Eftpos or PayID if you want speed and simplicity. Debit cards are solid too if you’re okay with the small fee bump. Avoid cryptocurrency unless you’re comfortable with exchange risks—it’s not worth the extra complexity for most casual players.

Always check Bankonbet’s latest terms before depositing; wagering rules can change yearly (like in 2026), and RTPs might shift slightly depending on game updates. But for now? These three methods cover everything from quick wins to bigger bets without breaking the bank—or your patience.