Why Casinos Ask for Proof of Funds

Casinos are legally required to verify that deposits and withdrawals come from legitimate sources. Proof of funds checks help:

• Prevent fraud and money laundering.
• Ensure responsible gambling practices.
• Verify that payment methods belong to the player.
• Protect players and casinos from compliance issues.

Traditionally, players had to upload bank statements, payslips, or screenshots—causing delays in cashouts. Open banking simplifies this by granting casinos instant, secure access to the necessary data.

How Open Banking Simplifies Proof of Funds

Instead of uploading documents, open banking allows players to verify funds directly through their bank account. This offers several benefits:

• Instant verification – No need to wait hours or days for manual review.
• Fewer document requests – All required details are pulled securely from your bank.
• Greater security – Uses encrypted banking APIs, removing the need to send sensitive files.
• Faster payouts – Once funds are verified, withdrawals are processed immediately.

Casinos that support open banking proof of funds are among the most efficient and player-friendly options.

Payment Methods That Work Best with Open Banking Casinos

Once proof of funds is cleared via open banking, players can enjoy rapid deposits and withdrawals. The best methods for seamless payouts include:

• Trustly – Widely used in Europe, providing instant deposits and withdrawals linked to bank accounts.
• Brite – A newer open banking solution specializing in fast payouts.
• Zimpler – Popular in the Nordics for secure, real-time bank transfers.
• TrueLayer – Strong in the UK market, offering reliable proof-of-funds integration.

These providers ensure that both verification and payments happen quickly and securely.

Bonuses & Proof of Funds Verification

Bonuses are an exciting part of online casinos, but players often worry that proof of funds checks may complicate withdrawals. At open banking casinos, the process is streamlined:

• Bonus winnings are released faster once funds are verified.
• KYC and proof of funds are automated, avoiding long delays.
• Low-wagering bonuses pair best with open banking casinos, keeping withdrawals simple.

By reducing paperwork, casinos can focus on paying players quickly rather than slowing them down with document checks.

Responsible Gaming & Proof of Funds

Proof of funds isn’t just about compliance—it also supports responsible gaming. Open banking allows casinos to:

• Monitor deposits for affordability checks.
• Ensure players aren’t gambling beyond their means.
• Offer deposit limits and spending controls based on verified financial data.

This makes open banking casinos some of the safest platforms for both the operator and the player.

Frequently Asked Questions

Why do casinos require proof of funds?

To comply with regulations, prevent fraud, and ensure responsible gambling.

How does open banking speed up proof of funds?

It connects directly to your bank, providing instant, secure verification without document uploads.

Are open banking proof-of-funds checks safe?

Yes. They use encrypted APIs approved by financial regulators, making them safer than sending documents.

Which open banking providers are best for casinos?

Trustly, Brite, Zimpler, and TrueLayer are the most commonly used providers for proof-of-funds verification.