by Mario Alfonsi  |  Published on May 23, 2017  |  Updated on May 23, 2017

More than 1.6 billion computer users around the world have access to UseMyFunds according to their website. UseMyFunds, is a product of UseMyServices that works a lot like paying bills online from a regular bank account. UseMyBank is the very same product that was once known as UseMyBank. UseMyFunds works as an intermediary between online poker sites and poker players, so they themselves are actually not a bank or an online eWallet like PayPal. They’re more of a middle man that makes it possible for poker players to process transactions using existing internet banks. The Bank of Montreal opposed UseMyBank’s initial trademark application under that name.

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Players should note that UseMyFunds is an available online money transfer service in all of the above geographical areas; however, the service may not work for United States poker deposits, or in other markets where restrictions on gambling related financial transactions are in place. In such cases, visit our geographical reviews of each website for specific deposit methods that do work in those specific countries. For instance, we have a really in depth United States poker deposit methods article for those in America that aren’t able to use UseMyBank at their favorite poker sites.

Setting up a UseMyFunds Account

Setting up an account at UseMyFunds takes literally seconds, however, you don’t always need an account with UseMyFunds. Some banks, and some poker sites in some geographical areas require that UseMyFunds users have an account. To ensure that this review was factual, we followed the steps outlined below, signed up for a brand new UseMyFunds account and verified it, all in less than three minutes.

  1. Visit the UseMyFunds website.
  2. Check your email
  3. Click the activation link inside the email from UseMyServices Inc.
  4. Enter your password into the form on the page the link takes you to.
  5. Click ‘Activate’.
  6. Visit a poker site that accepts UseMyFunds (formerly UseMyBank).

Let’s walk through the deposit process from here, so you’ll be all set to play at an actual real money poker site using UseMyFunds. We’ll use Titan Poker in example.

  1. Visit Bet365 Poker and either login to your account there, or download the sites software and begin the registration process.
  2. After you’ve registered for an account at Bet365 by following the step by step download and installation instructions, visit the poker sites cashier.
  3. Choose UseMyFunds as your payment choice, and login from the Titan Cashier to being transferring funds.
  4. Choose the bank you’d like UseMyFunds to use to execute your transfer.
  5. Click confirm to approve the transaction.

Once the above process has been completed both you (via email) and the poker site you choose to play at will be instantly notified of the deposit so that your funds can be immediately credited to your real money player account.

UseMyFunds Account Funding and Withdrawals

There are no fees assessed by UseMyFunds for funding your account using a regular bank account, however, your bank itself my charge a fee.

UseMyFunds Acceptable Currencies

UseMyBank does business in both the United States and Canadian Dollars. If your currency needs to be exchanged to complete a transaction, this process will happen automatically. After the exchange, you’ll be sent a receipt for the transaction itemizes the exchange rate used.