Here is a list of all recommended online casinos that accept Itaú as a payment method. Please note that while a casino may accept a deposit in Itaú, it doesn't mean that you will be able to withdraw using that same banking method.
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In 2008, two of Brazil's largest financial institutions merged, forming Itaú, the country's and the continent's biggest bank. Since then, Itaú has continued to grow into a renowned financial conglomerate and is currently one of the most reputable banks in the world.
Due to its reputation in Brazil and Latin America, it has become a popular option for those looking to complete payments at online casinos. If you're one of those players and are seeking ways to get started, we've created this guide to help you with depositing, withdrawing, and understanding the payment limits and fees that come with using Itaú. You'll also find some of the best Itaú online casinos in this guide.
Anyone who lives in Brazil or is familiar with the country's banking system must have come across Itaú a number of times. It has over 4,000 branches and 55 million users worldwide, a testament to its widespread popularity and accessibility. But if you're looking to choose a payment option for your online gambling, those aren't the only factors you should look at. Here are other reasons why Itaú is an ideal online casino payment method.
Before you even start thinking of playing at casinos that support Itaú, you must first have an active Itaú checking or digital account. You can get an account by visiting the website or app, but you're better off visiting one of the branches and getting everything sorted. If you have your account up and running, fund it using any of the available methods, and then follow these steps to deposit into your online casino account.
Cashing out your winnings with Itaú is just as easy as funding your account. Follow these simple steps to get going.
Brazilians looking to use Itaú mobile banking and cards for online casino payments might not have to pay any significant fees when completing transactions. However, international clients will need an Itaú Global Account, and while it's free to open, you'll have to pay $20 for withdrawals.
There are two types of Global Accounts: Level 1 and Level 2, which determine the payment limits. Level 1 users can have up to $50,000 and max payments up to $20,000 daily. For Level 2 users, the max allowed balance is $100,000, and the transaction limits are similar.
If you go six months without any activity on your account, you'll be charged a monthly $5 fee. One great thing about Itaú is that it doesn't charge a dime for currency conversion, which is rather uncommon.
Itaú is as reliable as they come for online casino payments, and its accessibility makes it almost the perfect option. However, there are drawbacks to using the payment option for online gambling transactions. Let's look into them.
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Ultimately, it depends on what you're looking for in an online casino payment method. If you want a simple and reliable option with a long history and reputation for delivering excellent services to millions of players around the world, Itaú will work for you. But in the online casino world, where everything is fast-paced, you can certainly do better.
The truth is that no one wants to wait long for their withdrawals, at least not anymore, and with e-wallet options like Neteller and Skrill, or cryptocurrencies like Bitcoin and USDT, you don't have to anymore.
Another thing these options offer that Itaú doesn't is a level of privacy. While you'll still need to enter your personal details when creating an e-wallet account, your gambling transactions don't show up on your banking statement. With crypto, you don't even need to provide personal info to open a wallet. However, e-wallets typically charge fees for currency conversions, which Itaú doesn't.