Long gone are the days when paper checks were synonymous with everything casino banking. Even though they are not as popular today as they once were, people still use paper checks for a number of reasons. They are particularly traceable, easy to draft and don’t charge extra fees like other traditional methods such as credit cards and bank transfers. If you’re an online casino player in New Jersey who likes to keep things old school, Check by Mail might be a good option for making casino deposits.
Check by Mail is not only a usable way to fund your gaming account but most online gambling sites offer it as a default cashout option for large-sum withdrawals. Sure, it may seem painfully slow, complicated, and somewhat impractical to tech-savvy players, but sending a courier check may be your last resort if all else fails. It also eliminates the need to share your sensitive banking details, such as your credit/debit card information, making it a comparatively safer option.
One important point to remember is that there is no guarantee that your Check by Mail deposit will go through. As luck would have it, most gambling sites process paper checks using non-gaming related holding companies, increasing the possibility of the checks will clear. Read on to discover more about the Check by Mail system, its deposit methods available for New Jersey online casino games, security, pros, and cons.
Note: many New Jersey casinos offer check by mail deposits. Check out our individual New Jersey casino and sportsbooks reviews for more details here: Borgata, BetMGM, PartyCasino, 888 Casino, William Hill, Caesars, SugarHouse Casino, Golden Nugget, Tropicana and Virgin Casino, 888 sportsbook, William Hill Sportsbook, DraftKings Sportsbook, Borgata Online Sportsbook, Hard Rock Sportsbook, BetMGM Sportsbook, PointsBet Sportsbook, FoxBet Sportsbook, and FanDuel Sportsbook.
Overview of Check by Mail Deposits
Check by Mail is an old-school payment method primarily used for casino withdrawals. However, you can still send a Check by Mail to transfer funds into your online wagering account. Obviously, the process is extremely slow, complex, and the check deposit itself may not actually clear. With that in mind, it’s easy to see why paper checks were blown out of the scene by the rise of credit cards, debit cards, e-wallets, ACH, and a plethora of other electronic e-payment methods.
Although Check by Mail isn’t used as frequently as it used to be, it’s still a viable way to deposit funds into your online New Jersey casino account. Of course, if you need funds in your NJ casino wallet post-haste, you would be better off using another method of payment, notably online bank transfer, eChecks, and bank cards. Nonetheless, if the processing timeline isn’t such a big deal for you, this can be an excellent and cost-effective option to finance your online gambling activities.
The last thing you need, however, is to hand over your certified check to shoddy or fly-by-night gambling sites. In light of this, the most important step you need to take before sending that check is to do thorough research and sign up for a gaming account with a trustworthy online casino in New Jersey that is properly regulated and licensed. Licensing guarantees your money will be safe and that the games aren’t rigged in favor of the casino.
What You Need to Know Before Using Check by Mail for Casino Deposits
Let’s be honest; there is a good chance you won’t use Check by Mail to make a deposit if you’ve got a working bank account, credit card, debit, e-wallet, or ACH at your disposal. It’s often a last-resort method, so it pays to do some due diligence. It’s true, depositing through Check by Mail is very simple and straightforward, but there are some points you need to consider long and hard before you send it out.
Check processing time: Once you mail your paper check, it will typically take several days for it to reach the casino operator’s office. Not only that but it may also take a couple of weeks before the check is processed by the NJ casino and cleared by the bank. That means funds may take upwards of 1 month before they reach your gambling account. Is that something you’re willing to live with?
Odds of check bouncing: Paper checks can bounce, especially if the payment is eventually processed in favor of a known online gambling operator. Your bank may refuse to clear the check to avoid going through complex anti-gambling regulations. If it’s not your first rodeo, then you’re welcome to use Check by Mail. Otherwise, be realistic about this funding option.
Check the deposit limits: It’s also crucial that you inquire how much money you can actually deposit through Check by Mail. Some NJ online casinos enforce a minimum deposit requirement of $50-$100. In some cases, you may not be allowed to deposit more than $1,000.
Check frequency: This applies to both Check by Mail deposits and withdrawals. Most online casinos allow players to deposit or withdraw using a paper check only once per month.
How to Make Check by Mail Deposits
Using this method is fairly familiar to most people who pay bills with checks. Here are a few common steps you need to follow:
1) Visit the Cashier page of the site. Log into your gaming account and make a beeline to the Deposit page under the Cashier section.
2) Choose your preferred payment method. Obviously, you should select Check by Mail as your deposit method.
3) Enter the deposit amount. Again, before you input the dollar amount of money you wish to deposit by check, take a careful look at the deposit limits.
4) Follow onscreen instructions. Once you have entered your deposit amount, you will be provided with mailing information and further Check by Mail instructions.
5) Draft a check. You can then visit your credit union, bank, or other financial institution and obtain a certified check. If the New Jersey casino accepts personal checks, you’re in luck, as you can go ahead and draw a personal check or buy a money order from local stores.
6) Mail the check and wait for the funds. Use express shipping or courier services to send the check to the provided mailing address.
Like we discussed above, Check by Mail deposits take quite a while to be processed and for the funds to hit your gaming account. It takes a large quantity of patience. You definitely should cross your fingers that the check doesn’t bounce.
Safety and Security
Paper checks remain one of the most secure and safest ways to transfer money. After all, it’s one of the oldest means of payment. As a federally regulated promissory payment note, checks seldom lead to loss of money. This is also a safe method for those who are wary of using their credit or debit cards.
Pros of Using Check by Mail
- Checks are traceable, making it easy for you to keep tabs on your gambling expenditure. Considering that you will gamble with only the amount appearing on the check, this method helps discourage over-spending.
- Safe and secure – Check by Mail is a safer alternative to using credit cards or bank transfer. The transactions are trackable and must be verified by the bank.
- Easy to use – Checks are common and the process of paying using Check by Mail is familiar to most.
- Great for large-sum deposits – Ideal for VIP and high-roller players making large deposits
Cons of Using Check by Mail
- It’s extremely slow – Deposits made by mailed checks can sometimes take more than a month to clear
- Checks made to gambling institutions may bounce
- Low acceptance – Only a few gambling sites accept Check by Mail deposits
- High minimum deposit limits – Some New Jersey casinos impose a minimum deposit of around $50 to $100 or even more. If you deposit lower than that, you may be forced to cover the processing fee.