As the name would suggest, Swedbank is a bank. It mainly operates in Europe, especially the northern region. Four of the main countries it operates in are Sweden, Estonia, Latvia and Lithuania. Its services range from regular bank transfers to savings accounts, all the way to investments. So, for the time being, the review below focuses mainly at how you can benefit from Swedbank's services when dealing with online gaming sites. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.
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How It Works?
First of all, you have to have an account with Swedbank in order to use any of its services. And to create one, visit one of the many branches in the countries mentioned above. After you've opened a savings account with them, you can apply for a Visa or a MasterCard, which you can use to pay all over the world, including most of the online casinos as well. Without a credit card, you have to check if the casino or your desired merchant accepts Swedbank’s instant banking as an alternative payment method.
Paying with Swedbank’s instant banking is easy. Just choose Swedbank from the list of payment options and proceed to checkout. You'll then be redirected to bank’s site, where you have to insert all your account details, such as PIN numbers and your username. Having done that and checked your order details, you'll be then again redirected back to the merchant's site, after which your order is complete.
Swedbank is an established bank and to question its security policies and solutions would be a waste of time. So instead, let's take a quick look at one of the best security features that Swedbank currently implements. It's called BankID in Sweden and MobileID in Estonia, for example. What it does is send you a one-time PIN number to your smartphone whenever you log in or make a payment, which you have to verify by entering your PIN in return. This makes it close to impossible for third-parties to access your account, unless you lose your phone and PIN numbers.
Swedbank offers some of the lowest fees in the banking sector. Using the bank's gateway only costs €0.38 per transaction. Furthermore, adding credit or debit cards to your account isn't expensive either, since you only have to pay a small monthly fee. However, using cards could be costly as some merchants tend to charge for each such transaction. So if possible, check whether the merchant accepts Swedbank's instant payments instead.
Swedbank is one of the leading banks in the Baltic and Nordic Europe. Thanks to its widespread use in countries like Sweden, Estonia, Latvia and Lithuania, many merchants now accept Swedbank’s instant checkout, which is both quick and secure for all parties involved.
Click here to visit Swedbank website.
Posted by CCJ Team