Also known as credit transfer, bank wire is one of the best means to transfer cash within various entities. For instance, from a punter to an online casino.
The transactions might be completed by submitting instructions to a local bank or by transferring the cash via cash office. It is one of the easiest and ultra-safe options to deposit and withdraw cash to and from a casino account.
Using bank wire to fund your online betting account is fast and straightforward. Almost all online casinos accept bank wire. Additionally, it’s a popular choice for gamblers who don’t like using their credit cards.
If you decide to use bank wire as a preferred payment method to your online casino account, expect a smooth transaction with fewer charges. Ensure you go through all the information offered using that payment platform to understand the terms and conditions.
When you opt to make your deposits through bank wire, you have to provide your banking details and the amount you want to deposit or withdraw. Also, deposits into your casino account are instant.
Additionally, when making a withdrawal, the money will be sent to your bank account directly. The whole procedure has been streamlined to make the transfer safe and hassle-free.
Due to its long existence in the industry, bank transfer platform has introduced an effective means of making deposits and withdrawals in the casino industry. Currently, bank wire is the most popular payment processing system listed at many online casino cashier sections.
It is also one of the safest methods in the market. That is because it includes financial management organizations and banks that use updated encryption technology to safeguard their clientele base.
Generally, bank wire is a simple process. When it comes to using this platform, online casino players must have the correct details concerning deposits and withdrawals. You can visit casino websites to get this information.
It’s very easy to get online casinos that allow you to use bank wire. Generally, this is an electronic transfer of cash, whereby cash is transferred from one entity to another. The transactions can be conducted internationally or locally.
Many punters choose this payment system since it is direct. The process entails dealing with your bank, instead of other intermediary services. Additionally, it is straightforward since you are not required to register with another provider or create an eWallet account.
The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 was one of the biggest hurdles that banks had to overcome. This is because the act restricted online gambling in the United States and this meant banks had to be careful when dealing online casinos.
In fact, many banks avoided business with online casinos. However, the language around the law was too vague for law enforcement to act on. Even so, there’s a been a push to legalize and regulate online gambling in the United States, with some of the states already breaking the ice such as Pennsylvania, Nevada, New Jersey, and Delaware.
With such steps in the pipeline, it’s likely that banks will agree to do business with more online casinos. Also, with the direct transactions offered by this payment method, it’s unlikely that punters will turn it down.
If you want to use a bank wire to send and receive cash to your online casino, you must create a bank wire online casino account first. Go through a complete list of reviewed and ranked online casinos and select the one that fits your needs.
Have you selected your preferred online casino and you have registered? Then, you can now collect all the details you might require to send your funds to the besting site. Generally, you will need the SWIFT code, IBN, and BIC.
You also need the address of the online casino’s bank together with the address of the casino. Furthermore, you will be required to submit your bank information to complete a transaction via bank wire.
Since you’ve collected all the details you require, call your bank to fill in the required forms. In most cases, players who opt to use a bank wire to send cash to their casino account will choose to visit the bank and fill out the form. Nevertheless, most individuals like to call the bank and inquire if they offer an online form to fill, before visiting the bank.
Once you submit your request for a bank wire to be conducted, you will need to wait for the bank to process the transfer. This may take a couple of hours. Nevertheless, it might take a few days because banks have different protocols that must be followed when processing the transfer.
Important tip: Different banks have different charges when making a bank transfer. Usually, the charges will range from $10-$50. Therefore, make sure you enquire about the charged before ordering a bank transfer.
Follow this simple process to deposit cash to your casino account using a bank wire:
If you don’t have one, create an account at your preferred casino. You will be required to deposit in the online casino if you want to play for real cash.
Go to the cashier icon and choose the bank wire transfer option found on the deposit section. A pop-up box where you will key in your personal and bank information will appear. Furthermore, the pop-up window holds a SWIFT code and IBAN.
most cases, operators might ask you to contact customer support.
When it comes to making a withdrawal from your betting site, you need to log into your casino account and head to the cashier. Choose bank wire withdrawal and key in your details such as name, home address, SWIFT code, IBAN, and bank address.
Choose how much you wish to withdraw from the bank wire casino account. Enter the amount in the form. Bear in mind that you must meet the wagering requirements of your casino before your withdrawal can be approved. Therefore, make sure you go through the terms and conditions of the online casino before creating an account with them.
Press the withdraw button. Typically, withdraws from bank wire casinos take 5-7 days. Nevertheless, this will depend on the bank and casino you use to withdraw.
When you compare bank wire online casino with other methods, the transfer durations tend to be a problem for both practical and logistical reasons. Transactions via wire transfers might take longer to process.
Irrespective of how reliable and top-notch the banks can be, punters should allow for transfer duration of between 3-7 working days. However, bear in mind that wire transfer is faster than conventional bank-to-bank money transfers. This is because of how the banks interact with each other when processing the transactions.
Many online casinos accept bank wires, unlike other payment systems. Additionally, they are used by many players who are getting used to betting. A bank wire is a secure and safe means of transferring cash.
Unlike most payment platforms, bank wire is a hands-on system that eliminates the need for you to disclose your personal information, keeping your transactions anonymous. Nevertheless, it is slow compared to other alternatives as the processing might take many days – up to 7 business days.
Due to its worldwide usage and acceptability, accessibility is never a problem since all leading casinos are forced to accommodate this platform. Additionally, bank wire is utilized in many countries across the globe.
Many people across the world choose bank wire as their preferred online casino payment method. This is because of the security and safety the system offers. Because the transfer is completed via the bank, there are no intermediaries involved. Therefore, the information is safe from fraud.
If you’re a high roller, then bank wire is the best payment method because it allows you to deposit huge amounts of cash might. Ultimately, you’ll avoid high transfer charges by using this system.
The majority of betting sites provide incentives in the form of bonuses to gamers who choose bank wire as their online casino payment platform.
Bank wires tend to be expensive compared to other payment platforms. This is because banks charge a certain fee to facilitate the service.
Another thing that many players tend to complain about is the total wait time required to process a payment through bank wire. As long as the details provided are correct, a transfer will be effected within 3-7 working days.
Unless your bank offers online forms to fill, bank transfers can’t be completed from your home. You need to walk to a physical bank to make a transfer. This means you’ll waste time commuting to the bank, not to mention the long queues.
Bank wires are conducted in real-time. For this reason, they can’t be processed in batches, and this can be inconveniencing if you are expecting recurring payments.
Bank wire transfer is one of the safest payment systems to use since its transactions are completed through the bank, meaning there’s no need for a third party.
Yes, you can. As long as you have won some cash while playing at any bank wire online casino, you can withdraw real money using bank wire. Go to your casino account and sign in using your username and password. Then go to the withdrawal page of the casino.
In most cases, online casinos will need you to make a minimum deposit of $10 to $20
The minimum deposit with a bank wire is $10
In most cases, Bank wire transfers don’t come with withdrawal limits
They don’t have withdrawal limits
All most all online casino sites allow you to play video slots with bank wire. Bank wire transfer is the most famous system of processing payments.
Most online casinos allow you to play blackjack online with bank wire. However, you will need to do some paperwork and go to the cashier’s desk and pay real money for the transfer.
Bank wire allows you to play roulette online, where you make a payment in the bank and fill in the transfer form. This means that you must have an account with a bank of your choice to be able to use bank wire.
Live video poker is the latest arrival in the list of leading casino games. Many online casinos will allow you to play this game via bank wire. A bank wire transfer is an ideal system for depositing and withdrawing cash since it is safe and secure.