Best Multibanco Online Casinos – Your Guide to Multibanco Casino Deposits

Why Use Multibanco at Online Casinos?

Multibanco is an interbank payment network that links the operations of 27 banks in Portugal. It’s run by SIBS (Sociedade Interbancária de Serviços). The payment method offers a variety of services. You can use Multibanco as an e-wallet and virtual credit card, which makes it a perfect option for online gambling. You can also use Multibanco ATMs to make purchases, pay utility bills or top up your mobile phone balance, among other things. Given the range of services offered, it’s no surprise Multibanco is the leading financial brand in Portugal. Today, the network has more than 12,000 ATMs throughout the country and processes over 60 million transactions each month.

Below, we’ve rounded up the main benefits of using Multibanco as a casino deposit method:

• Deposits are instant with Multibanco. Your funds will immediately appear in your casino account, and you’ll be playing your favorite casino games in no time.

• Multibanco is supported by all the major banks in Portugal. This means that Portuguese players holding an account with any of these banks can use Multibanco with ease for online gambling.

• Multibanco is one of the safest payment options around. It features the latest encryption technology to safeguard your data. Two-step authentication and a unique reference number must be used before each transaction.

• MB Way is the company’s user-friendly mobile app. It’s ideal for online and in-store shopping. The app is integrated with MB Net, which lets you create virtual credit cards for online casino deposits.

• You won’t have any added fees for using Multibanco. Any charges you’d receive would come from your bank or another third party.

How to Deposit With Multibanco

Depositing at online casinos is straightforward with Multibanco. To do so, just ensure you have set up the MB Way app. You can start with MB Way by visiting a Multibanco ATM and linking your bank card with your phone number. Multibanco will present an option on the screen for you to do this. The ATM will then require you to create a PIN for MB Way. Once this is done, you can go ahead and download the app.

The app will let you create virtual credit cards which you can use for casino deposits. Once you’re in the app, you simply need to choose the “Generate MB Net Card” option. You can create a card for just a single purchase, or one for recurring purchases. You’ll also need to set the maximum value of the virtual card and confirm with your MB Way PIN. Bear in mind that these cards are valid for one month to a year.

Below, we’ve outlined a step-by-step guide to depositing with Multibanco at online casinos.

• Step 1

  Log in to the Multibanco online casino of your choice and head to the cashier section of the site.

• Step 2

  Select Multibanco from the list of payment methods and specify the deposit amount.

• Step 3

  Enter your card details, including CVV, number and expiration date. You may receive a unique payment reference number via SMS.

• Step 4

  Fill in the number and proceed with the payment. Your funds will soon appear in your casino account. Now you’re all set to play real money slots and other casino games!

Withdrawing at Multibanco Casinos

Unfortunately, it’s not possible to use Multibanco as a withdrawal method. This is one of the few drawbacks Multibanco has as a casino payment option. The good news is that there are plenty of alternatives to choose from. You can withdraw your winnings via an e-wallet like Skrill or Neteller. E-wallets are simple to use and come with low costs. Some casino sites may also offer Bitcoin and other cryptocurrencies for withdrawals. Most online casinos will clearly list their available withdrawal methods in the banking section of their site.

If you’d like to know more about the best withdrawal options for online gambling, we recommend checking out our guide to casino payment methods.

Are There Any Fees Connected to Multibanco?

Multibanco does not charge fees for its’ services. If you’re to incur any fees, it will be from your bank. For example, most bank accounts in Portugal charge a monthly service fee. There are also the usual charges on services like overdrafts and credit cards. We suggest contacting your bank to find out more on its charges.

Online casinos may charge their own fees for deposits and withdrawals, but this is quite rare. To avoid running into any surprises, check the casino’s terms and conditions page to find out about any fees. The most reputable online casinos, however, will not charge you anything.