From the payment methods offered across international online casinos, if a Portuguese player, make sure you choose MultiBanco. This is a solution offered across the top sites catering to players from the country, a national interbank network allowing for the most cost-efficient and smoothest transactions. It is one of the most popular methods used in Portugal for many reasons, which we'll look into here, and thanks to its credibility and unrivalled reputation, it is a preferred solution for players across online casinos. What is MultiBanco and why choose to use it across online casinos over any other solution?
About MultiBanco
As the name suggests, MultiBanco is a banking solution for interbank transfers provided by a collaboration of several top banking institutions. Portuguese This payment method originated several decades ago, dating back to the 1980s , and was developed as a collaborative project among the foremost banks in Portugal. Managed by SIBS, or Sociedade Interbancaria de Servicios, it encompasses a collective of 27 influential banks in Portugal, forming a robust network processing over 4.5 billion transactions annually.
Initially introduced by SIBS, the service was limited to a small number of ATMs primarily located in the two largest cities of Portugal, Lisbon and Porto with only 9 ATMs available at that time. Yet, as its acceptance and user base flourished, it has grown exponentially, and now features over 12,000 ATMs nationwide . Although it began quite modestly, the solution has seen remarkable growth over the years. To facilitate transactions even more seamlessly, there are additionally more than 270,000 ATPs available, making it a go-to option for millions of people across Portugal.
When MultiBanco was first established, its main goal was to simplify daily purchases and payments for Portuguese citizens. Three decades later, this mission remains intact; the network continues to adapt and innovate, leveraging cutting-edge technology to serve users in contemporary ways . As a result, the services are no longer limited to Portugal but are also made available to users in 11 additional countries throughout Europe and Africa.
The network is consistently introducing innovative services aimed at providing effortless transactions for both users and businesses, alongside new features and products, such as inquiries, vouchers, transfers, creditdebit cards, and payments. To take advantage of these offerings, you will need to maintain an active account with one of the banks in the system, which is a standard requirement. If you have such an account, you’ll be granted access to an extensive range of services, including MBPhone, MBSPOT, MBNET, and the highly sought-after MBWAY.
Although it remains predominantly utilized by users within its home territory, thanks to the extensive range of services, MultiBanco has also gained traction in other countries where it is offered. This expansion allows them to cater to a diverse group of players around the globe, including those from Portugal. If you think this is a service you’d like to try out, read further to learn how to get started. online casinos If you happen not to have an account at one of the 27 participating banks—which is unlikely given their prominence in Portugal—then you will need to visit the closest participating bank to establish an account. You’ll have to go in person and submit an account application by filling in your personal information. Once your account is set up by the bank representative, make sure to ask for your credentials for online banking . With these in hand, you’re prepared to explore the various products and services available. If you wish to acquire a card, you might want to apply for one on-site while you're at the bank. Likewise, if you aim to make a standard transfer, you simply need your bank account details and online banking credentials, and that would suffice.
Getting Started with It
One of the first preconditions you need to meet in order to start using MultiBanco is, as mentioned, to have an active bank account with one of the participating banks. But we also mentioned that there are many services and products you could use, among which for online casino transactions, cards and regular bank transfers would be most convenient. So, let’s focus on these.
At present, MultiBanco ATMs accept cards from the following issuers
. Thus, while you’re at your bank, consider applying for a card from any of these providers. American Express , VISA Electron , MasterCard , VISA and Maestro If you prefer to utilize a voucher, which is another option available, you should navigate to MultiBanco’s official website and select the Vouchers category. Choose your preferred brand from the previously mentioned options, or
. Then, decide on the amount you wish to load onto your voucher and proceed with the purchase. The receipt provided upon purchase will include a code that you need to safeguard, as you’ll require it as a password for any transactions involving the voucher. Paysafecard Now that you’re equipped with insights into the most utilized products by this solution in online casinos, let’s delve into how to actually employ them for making deposits and
How to Make Deposits at Online Casinos Using MultiBanco? withdrawals .
As you have seen, initiating use of MultiBanco is straightforward as long as you have procured a voucher, been issued a card, or opened an account with one of the member banks. You might be curious about the number of casinos that accept this method; the answer is a resounding yes! In fact, most international casinos catering to Portuguese gamers offer MultiBanco as an option. You’ll want to browse through several casinos to find the one that fits you best. After registering an account and providing the necessary information, you’ll be ready to make your first deposit with this method.
To make a deposit using MultiBanco , follow these steps:
Visit the Payments/Banking/Deposits section on your selected online casino’s website.
Look for the MultiBanco logo in the list of accepted methods and click on it.
In the popup that appears, provide your bank account details, voucher, or card information, depending on which product you are utilizing.
Indicate the amount you wish to deposit into your casino account.
Instantly , after confirming the transaction, your funds will be reflected in your account balance.
Most casinos accepting deposits via MultiBanco will also allow withdrawals . You can be assured this functionality is available, but it’s wise to double-check with the casino to confirm it as a cashout method.
How to Withdraw Winnings with It?
If that is indeed the case, you’ll follow similar steps as outlined above; however, in step 4, you will need to specify the amount you wish to withdraw from your casino balance. After your request is processed and approved by the casino management, funds will be transferred back to your bank account.
MultiBanco was designed to serve users effectively and remains one of the most economical solutions on the market, which is why it does not charge any fees . Additionally, there are no transaction limits imposed by the service itself.
Fees and Limits
However, be aware that casinos may have different policies. Transaction limits using this system, as with any other payment service, may be set due to regulatory requirements. Furthermore, specific casinos could impose fees for using cards through this system, and some banks issuing the cards might also enforce transaction fees for activities linked to the network. Therefore, it’s prudent to reach out to your bank to clarify any potential fees that may apply.
Players from Algeria, Luxembourg, Angola, and Kazakhstan can also freely avail themselves of its services; before selecting a service, it’s crucial to check which options are accessible to users in your region.
Allowed Countries
Even though launched in Portugal, for Portuguese users, MultiBanco is a solution popular not only across the home country but also offered across 11 other countries.
Its services are available in Sao Tome and Principe , Timor, Spain , Romania, Poland, Bulgaria, Malta Since MultiBanco originated in Portugal, with its primary market being Portuguese users, the euro is the default currency . This is Portugal's official currency, and as transactions occur through an interbank network, it is natural that the euro is tied to your account as the primary currency.
Accepted Currencies
Consequently, if you’re dealing in euros, there should be no conversion fees incurred. However, if you are from a different nation with an alternative currency or prefer to use another currency while transacting with this solution, a conversion fee will apply.
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Minimum deposit: 20 €/$. Maximum bet: 4 €/$. Any Deposit Bonus associated with the Welcome offer is valid for 7 days from the time it has been activated. The maximum cashout is capped at 20 times the deposit amount. Certain games are restricted from the bonus promotion offer: please check the website for a list of online slots.
New Customer Offer. T&Cs Apply. 18+. This promotion is not available to residents of Ontario. New Customer Offer. T&Cs Apply. 19+. Play Responsibly. Navigate to \"Bonus\" and click on \"Promotional Code.\" Enter the specified code and hit \"Activate Bonus.” Make a deposit, and the bonus will be automatically credited to your balance. Minimum deposit: 20 EUR, 20 USD, 20 CHF, 20 CAD, 20 AUD, 200 NOK, 100 PLN, or 100 BRL. Some games are restricted: Jackpot Games, Table Games, Video Poker, Virtual Games, Live Casino, and Sportsbook events. Maximum bet is limited to: 3 €, 3 $, 3 CHF, 3 CAD, 30 NOK, 15 PLN, or 15 BRL. No wagering requirements are set on bonuses; however, the casino specifies that all deposits must be wagered 5 times before withdrawals can be made.
New Customer Offer. T&Cs Apply. 18+. This offer is not available for players residing in Ontario. New Customer Offer. T&Cs Apply. 19+. Plus, enjoy 50 Free Spins. Minimum deposit: 20 EUR/USD. Maximum bet: 3 EUR/USD. Bonuses do not have associated wagering requirements. In general, the wagering requirement on all deposits is only 1x, although it may escalate to 5x of the deposit amount based on our AML policy.
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When the network was first conceptualized, it aimed to simplify the everyday purchasing and payment processes for Portuguese citizens. Three decades later, its core objective remains pertinent; the network continues to prioritize user satisfaction by keeping pace with current trends and employing cutting-edge technology to serve users in innovative ways . Consequently, it now extends its services not only to Portuguese citizens but also to users from an additional 11 countries across Europe and Africa.
The network constantly rolls out innovative features to ensure seamless transactions for both individual users and businesses, introducing new capabilities and services, including inquiries, vouchers, transfers,
Despite being primarily utilized by users in its country of origin, the exceptional services it provides have also garnered popularity in the other countries where it operates. Thus, the service is now available through a range of international platforms , appealing to players from around the globe, including Portuguese players. If this sounds like a service you'd be interested in, keep reading to discover how to get started.
If you prefer to use a voucher, which is another available option, you would need to navigate to MultiBanco’s official website and select the Vouchers option. Pick the brand you wish to use from the previously mentioned list, or
Now that you know about the most popular products offered by the service in the context of online casinos, let's move on to the process of using them for deposits and withdrawals.
As you've seen, it's quite simple to start using MultiBanco, provided you've obtained a voucher, received a card, or established a bank account with one of the member institutions. Now, you’re probably curious to find out if many casinos accept this payment solution. The quick answer is affirmative! The more detailed explanation is that most international casinos catering to Portuguese players do accept it. You’ll want to explore several options to find the perfect site that meets your needs. Register an account there, providing the necessary personal information, and you’ll be ready to make your initial deposit using this payment method.
If that is the case, you’ll follow nearly identical steps to those outlined earlier; only during step 4, you'll specify the amount you wish to withdraw from your casino balance. Once your request is reviewed and approved by the casino operator, the funds will be transferred back to your bank account.
However, limitations may be set by the casinos themselves. Transaction limits using this payment method may apply due to regulatory requirements. Furthermore, some casinos might impose fees when processing card transactions through the system. Certain banks issuing cards may also have transaction fees associated with operations on the network. Therefore, it’s prudent to check with your bank to discover more about any applicable fees.
As this service was established in Portugal and remains primarily focused there, the euro is the default currency . This, being Portugal's official currency, will naturally be linked to your bank account as such when using this interbank payment network.
Minimum deposit: 20 €/$. Maximum bet: 4 €/$. Any Deposit Bonus from the Welcome offer is active for 7 days from the moment it has been claimed. Max cashout: 20 x deposit amount. The following games are excluded from the bonus promotion offer: Visit the website for a list of online slots.
New Customer Offer. T&C’s Apply. 18+. This offer is not valid for players from Ontario. New Customer Offer. T&C’s Apply. 19+. Gamble Responsibly. Navigate to 'Bonus' and click on 'Promotional Code'. Enter the code and press 'Activate Bonus'. Make a deposit, and the bonus will be automatically credited to your balance. The minimum deposit is set at 20 EUR, 20 USD, 20 CHF, 20 CAD, 20 AUD, 200 NOK, 100 PLN, or 100 BRL. Excluded games: Jackpot Games, Table Games, Video Poker, Virtual Games, Live Casino, and Sportsbook events. Maximum bet: 3 €, 3 $, 3 CHF, 3 CAD, 30 NOK, 15 PLN or 15 BRL. There are no wagering requirements on bonuses, but the casino states that all deposits must be wagered 5 times before withdrawals can occur.
New Customer Offer. T&C’s Apply. 18+. This offer is not valid for players hailing from Ontario. New Customer Offer. T&C’s Apply. 19+. Plus, receive 50 Free Spins. Minimum deposit: 20 EUR/USD. Maximum bet: 3 EUR/USD. Bonuses are free of wagering requirements. However, generally, the wagering on all deposits is a mere 1x, but it can escalate to 5x of the deposit amount based on our AML regulations.
This service was established several decades ago in the 1980s , stemming from a coalition of the leading financial institutions in Portugal. The operation is managed by SIBS (Sociedade Interbancaria de Servicios), representing a coalition of 27 major banks in Portugal, which collectively handle more than 4.5 billion transactions annually.
At that time, only 9 ATMs were operational. Nevertheless, as more users recognized its benefits, today there are over 12,000 ATMs throughout the nation . This remarkable growth led to widespread use of the solution, contributing to its huge presence over the years. Additionally, there are now more than 270,000 ATPs, which is why millions in Portugal utilize this service.
The network continually launches innovative services that facilitate effortless transactions for both consumers and businesses, introducing new features and products like queries, vouchers, transfers,
Although primarily utilized by users in Portugal, the extensive range of services offered has led to its increasing popularity in other countries as well. This is the reason the solution is now available to a variety of international users, accommodating players worldwide, including those from Portugal. If this service piques your interest, keep reading to learn how to start using it.
If you'd prefer to go with a voucher, you should visit the official MultiBanco website and opt for the Vouchers feature. Choose the desired brand from the previously mentioned options, or
Now that you've learned about the most utilized products from MultiBanco in online casinos, let’s explore how to use them for deposits and withdrawals.
As you've seen, starting to use MultiBanco is straightforward, provided you have either purchased a voucher, obtained a card, or opened an account with a participating bank. You might be curious about how many casinos accept this payment solution for your betting activities. The good news is yes, there are many. Specifically, most international casinos that cater to Portuguese customers do provide this option. Take the time to browse through a selection of casinos to identify the optimal one that suits your needs. After registering an account and entering your information, you will be ready to make your initial deposit using this method.
If that option is available, the procedure is quite similar to the steps provided earlier; simply note that in step 4, you will indicate the amount you wish to withdraw from your casino account. Once the casino operator approves your request, the funds will be returned to your bank account via this payment method.
MultiBanco is designed to efficiently serve users while remaining the most economical option available, which is why it imposes no fees . Additionally, there are no transaction limits that apply.
However, conditions may vary with casinos. Each casino may establish transaction limits via this payment solution due to regulations. Additionally, some casinos might impose fees for card usage via this platform. It’s wise to reach out to your bank to clarify any potential fees related to your transactions.
Algeria, Luxembourg, Angola, and Kazakhstan are among the additional countries benefiting from its services; players from these regions can freely utilize its features. Before opting for any service, it is essential to verify which ones are accessible based on your country of residence.
Since this payment solution was introduced in Portugal, with the country being its primary market, the euro serves as the default currency . This currency is the official one for Portugal, and as you are using this interbank payment service, it’s logical to connect your bank account with the euro.
As a result, you will not incur any conversion fees as long as you are using euros. However, if you are from a different country using a varied official currency, or if you prefer to transact in a foreign currency, expect to pay conversion fees.
From the payment methods offered across international online casinos, if a Portuguese player, make sure you choose MultiBanco. This is a solution offered across the top sites catering to players from the country, a national interbank network allowing for the most cost-efficient and smoothest transactions. It is one of the most popular methods used in Portugal for many reasons, which we'll look into here, and thanks to its credibility and unrivalled reputation, it is a preferred solution for players across online casinos. What is MultiBanco and why choose to use it across online casinos over any other solution?
One of the first preconditions you need to meet in order to start using MultiBanco is, as mentioned, to have an active bank account with one of the participating banks. But we also mentioned that there are many services and products you could use, among which for online casino transactions, cards and regular bank transfers would be most convenient. So, let’s focus on these.
Even though launched in Portugal, for Portuguese users, MultiBanco is a solution popular not only across the home country but also offered across 11 other countries.
