UseMyBank is a Canadian online payment processor which works a lot like an online debit card. By using UseMyBank, players will avoid sharing any sort of sensitive information with the destination of their funds (like the online casino where they’re depositing). Security is therefore a major advantage offered by UseMyBank. Another advantage is the fact that those who want to use UseMyBank only have to provide a very limited amount of information upon sign-up. The less information one shares, obviously, the more secure he/she will be. UseMyBank transactions are a lot like debit card transactions, so players will be quite familiar with the method, even if they have never used it before. Deposits made through UseMyBank land instantly in players’ online casino accounts. There are a few drawbacks to the method too though, like the fact that one can’t withdraw any funds to his/her UseMyBank account.
English is the only language supported by UseMyBank, but that shouldn’t be a particularly bothersome thing for those using the method. The fact however that UseMyBank features poor integration with US-based financial institutions is a different matter. Another problem is that the number of countries where UseMyBank is available is extremely limited.
Creating a UseMyBank account is free and it is free to upload funds to it too. The fees are supported by the merchants where UseMyBank clients make their purchases and they don’t amount to much anyway. For every purchase, UseMyBank will retain the seller’s information, but it won’t do that with the buyer’s. All transactions are processed immediately, after all, using UseMyBank pretty much amounts to wiring money. UseMyBank’s biggest problem is that one cannot withdraw any funds to his/her UseMyBank account. What that means is that a player who makes a deposit to an online poker room through UseMyBank and then amasses some winnings, will have to think of another way to get his hands on the money.
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