UseMyFunds is a unique deposit method that uses your existing online banking account to process secure payments to poker sites and online merchants. When you make a deposit, UseMyFunds redirects you to your bank’s online banking center to log in and confirm the transaction. Your bank then finishes the deposit on your behalf without sending any personal information to the poker site.
What’s interesting about this deposit method is that you don’t have to sign up for any third-party accounts anywhere. All you have to do is use the same login that you already have to view statements and manage your accounts online. Additionally, you do not have to give your login information to the poker site or UseMyFunds. You actually visit a page hosted by your bank to confirm the deposit.
UseMyFunds has agreements with banks in 56 countries to process payments in this manner. There is no cost to you and nobody ever sees your account number, credit card number or anything else. The best UseMyFunds poker sites will have you up and running in minutes.
Getting Started with UseMyFunds
There are two things to confirm before you can make deposits with UseMyFunds:
- That your bank is supported
- That you have access to your bank’s online banking feature
UseMyFunds has a full list of countries and supported banks here. You can visit that page to make sure it works with your bank first. Most people visiting this page should be supported. UseMyFunds is available in 56 countries total including the UK, Canada, Australia, Spain, Sweden and many more.
All supported banks have the necessary online banking feature that you need to make poker deposits. If you can already log in to your bank to check your balance and view statements, that’s all you need. If not, you can stop in to a local branch some time and ask one of the bankers there to get you set up with online banking.
Once you have confirmed that your bank is supported and you have online access to your account, it’s time to make a deposit. Visit the poker site of your choice, sign up for an account if you haven’t already and then log in to the cashier. Choose “UseMyFunds” as your deposit method and type in an amount to deposit.
A new page will load next and ask you to log in to your online banking account. This page is hosted by your bank and NOT by the poker site so nobody else sees your information. Log in with your existing bank account/password and verify the deposit. The funds will be deducted from your bank and credited to your poker account immediately.
Does it work for withdrawals?
No, it doesn’t work for withdrawals for most people. At this time, only Canadian bank accounts can receive withdrawals. Customers in all other countries may only deposit with UseMyFunds. If you do live in Canada, you can receive payouts by signing up for an account here and then filling out the “pre-authorized debit” form. Complete those two steps and you can withdraw your winnings back to your bank account.
Can I use my credit card to make payments via UseMyFunds?
No. UseMyFunds take the money directly from your bank account and moves it straight to your poker account. There’s no need to involve your credit card at any point. If you would like to make a deposit with your credit card, you can do that directly at the poker site.
Can players in the USA deposit with UseMyFunds?
No. UseMyFunds is available in the USA for other e-commerce transactions, but it does not allow US-based players to fund online poker accounts.
Does it cost anything?
Most UseMyFunds deposits are processed free of charge. Some banks charge a fee of $1.00 but that’s as expensive as it gets. This is a very cheap deposit method.
Complete List of Supported Countries
|Costa Rica||Croatia||Czech Republic||Egypt||Estonia||France|
|Romania||Saudi Arabia||Serbia||Slovakia||Slovenia||South Africa|
|USA (not allowed for poker)||Yemen|