Ekonto

Website: www.rb.cz

Type of payment: Internet banking

What is eKonto?

According to the Raiffeisen Bank itself is eKonto (officially dubbed ‘Current account eKonto’) the bank’s ‘flagship’ product and basically an internet bank account that allows holders to manage their finances by (direct) internet banking.
A peculiar feature of the eKonto account is Raiffeisen has attached a savings account to eKonto with attractive interest rates and the bank actually rewards clients that are actively using the account with all sorts of exclusive and beneficial offers.

So to be able to use eKonto a customer needs to open an account at one of the 120 Raiffeisen Bank branches in the Czech Republic. The customer receives several security ‘keys’ that give access to the various eKonto features. The eKonto account consists of 3 online payment solutions:

  • Direct banking: Internet banking, GSM Banking, Phone Banking, PDA Banking and Conditional Reports;
  • Debit payment cards: VISA Electron and Maestro, VISA Classic and MasterCard Standard, VISA Gold and MasterCard Gold and MasterCard InternetCard;
  • Shopping over the internet: paying directly with the account to web shops, internet entrepreneurs and online service providers by the ePlatby / eKonto payment option on the merchant’s website (ePlatby, meaning is a .

Transactions made with these three eKonto payment options are all carried out instantly with the amount transferred within minutes arriving on the account of the receiver and in real-time deducted from the payers account. All transactions are encrypted and the same safety measures are applied as to a normal Raiffeisen Bank transfer.

Probably the method by far the most used to pay in online casinos is by ‘Shopping over the internet’. In that case by clicking on the eKonto logo on a website’s payment page will open an eKonto pop-up window that re-directs the payer to his or her own Raiffeisen Bank internet banking interface. After login into the account the payer simply verifies and confirms the pre-filled payment form what immediately will transfer the funds to the receiving party. This method is also completely anonymous as no potentially sensitive information about the payer is shared with the payee.

Although many of the huge amount of possibilities the eKonto account and payment method offers are free of charge the Raiffeisen Bank indeed does ask fees for their services (their price list covers more than 30 PDF pages.

Paying with eKonto in an online casino

As stated depositing funds on an online casino account is mainly done by being re-direct to the own eKonto Direct (internet) Banking account after clicking on the eKonto button on the payment page. By subsequently opening the account and checking and confirming the pre-filled deposit form the funds will be transferred with the money arriving virtually instantly on the casino account.

Of course it’s also possible to use a VISA or MasterCard debit card and the MasterCard InternetCard issued by eKonto, or another Direct Banking option (GSM Banking, Phone Banking, PDA Banking etc.) which payment methods are also instantly completed.

Possible service fees depend on the used method and the specific casino where the deposit is made.

Withdrawing with eKonto in an online casino

A quick survey learned there aren’t any Netent Casinos that allow withdrawals by using eKonto. Contact the helpdesk of a specific casino to ask about which withdrawal options are available in case an eKonto deposit is made.

Advantages of using eKonto

The principal advantages of eKonto as an online casino payment option are:

  • Transfers made with eKonto offer the same safety and security as a normal bank transfer;
  • The eKonto transactions are carried out in real-time making deposited funds immediately available;
  • eKonto payments are made anonymously as the service acts as a ‘middle man’ between the depositor and the casino and no confidential information of the former is revealed to the latter;
  • An eKonto debit card can also be used on the worldwide VISA or MasterCard platform in both millions of online web shops as well as in millions of VISA or MasterCard accepting points of sale;
  • The same eKonto debit card can help players to manage and control their casino expenses as never more than was uploaded to the card can be spend (without uploading it again with funds);
  • The more an eKonto account is used the more the account holder will be rewarded by Raiffeisen Bank with all sorts of discounts, bonus offers, privileges etc.
  • eKonto allows players to manage their casino account finances ‘while on the go’ by (mobile) GSM and PDA Banking

Disadvantages of using eKonto

Although few, there are some disadvantages that can be discovered concerning using eKonto in online casinos:

  • For some services attached to the eKonto solutions a fee needs to be paid;
  • It’s not possible to withdraw funds from casino accounts using eKonto;
  • The eKonto service is only available to residents of the Czech Republik who open (or have opened) a Raiffeisen Bank bank account.

Where to pay with eKonto?

As a payment method exclusively directed towards Czech players the eKonto service can be found in online casinos that accept players from the Czech Republic. Have a look on the list in this page’s side-bar to see which Netent Casinos offer eKonto as an online casino banking possibility.