Online banking for Australians was never easier than during the time when they had myCitadel. It was an e-wallet that was loved by web-based players across the globe. And they were all devastated when they ceased operations in 2008.
MyCitadel was owned by ESI entertainment, and they ceased operations when they were found in violation of several gambling laws. They stopped operating in America, and they did try to continue their services in Europe. But since the bulk of their clients were from the States, they eventually had to shut down for good.
Anyways enough with the sad story, let us treat this review like a memorial, were we look back to the heydays of myCitadel. So read along to find out what you could have had the chance to enjoy.
MyCitadel and Online Casinos
MyCitadel was an e-wallet that could allow players to transfer funds to and fro the bank with ease. It was also one of the greatest banking methods of all time. With this transaction method by your side, all your transactions were processed with ease.
MyCitadel was especially loved by poker players; we have no idea why though. But hey, we all have our preferences, and for poker players, it was MyCitadel. They were not the only ones who used myCitadel though; many other players in the online casino gambling world would choose MyCitadel over other banking methods.
Banking with MyCitadel
This could be used as both a deposit and a withdrawal method. To start using the service, you had to first go to their website and go through the registration process. The process could be completed within seconds, but if there was any problem with your documents, it could take up to several days.
Depositing and Withdrawing Funds
Adding money into your account was very easy, though for region there had a specific set of laws that had to be followed. But despite all that, you could add money into your account by the use of your Visa or Mastercard, and any other banking method that you would have selected when you were opening your account.
When you wanted to withdraw funds, you also had to check the pricing and fees from your specific country. It was a must that this was done as the fees could vary greatly from region to region. The rest was still the same process of going to the banker and selecting the amount that you want to withdraw and confirming.
Advantages and Disadvantages
Like any other product, it is bound to be flawed. But in an exceptional product, the good will always outweigh the bad.
- Secure, they used an encryption that was very safe and secure.
- Fast and free account set up
- Multilingual, you could get access to the platform in many languages.
- Multicurrency, many currencies were supported on the portal.
- 24/7 free support, if ever you had a query, they were always willing to help.
- The certification process was long when creating an account
- Fees could be high depending on your location