Top Online Casinos for Bank Wire Transfer – 2020
The fact is that bank wire transfer is one of the most popular casino payment methods. There are several reasons for that, starting with the fact that most casinos work with this option. Therefore, finding an excellent online casino that accepts wire for deposits and withdrawals is not that hard.
Another reason is that players love the level of security it provides. If you’re using wire transfer to make casino payments, you can be certain that your money will arrive at its destination. This explains why high-rollers love this method. To learn about all the other reasons why wire transfer is an excellent choice for casino deposits/withdrawals, just keep reading!
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How We Pick the Best Wire Transfer Casinos?
Each of the casinos you see in our list accepts wire transfer as one of the banking methods. However, that’s just one of many reasons why we recommend those casinos. There are plenty of other reasons why we recommend these sites to our visitors.
Some of those include the following:
Online Casino Deposits with Wire Transfer
Bank wire transfer is a method through which you get to send money from a bank to your casino account. The money transfer is carried out by the bank, but you need to make a request first, either online or in-person. Then, it’s time to make a deposit through these four steps:
Go to cashier in your casino account, choose the option deposit.
Browse through the list of available deposit methods and choose bank wire transfer.
Enter the amount you wish to deposit and type in your bank details.
Confirm your decision by entering the code you’ve received from your bank.
Online Casino Withdrawals Wire Transfer
Most casinos do not let the players withdraw money (especially if it’s a large amount) without previously verifying their accounts. To do that, you will probably have to email them a photocopy of your ID. Once your account is verified, you can proceed to make a withdrawal request:
Sign in to your account and go to the cashier.
Choose wire transfer from the list of available withdrawal methods. It'll probably be near the top.
Decide how much money you wish to withdraw. Save some to keep playing with later.
Confirm your decision. Congratulations on the win! Enjoy the cash in your bank account!
About Wire Transfers
This method of transactions became possible only after the invention of the telegraph in the mid-19th century. Although wire transfers existed in some form even before the 1870s, that decade was when Western Union popularized this method across the US.
Almost 150 years have passed since, and technology has changed incredibly over the years. Still, the basic principle of wire transfers is pretty much the same as before.
How it works is that the sender pays the money to the bank, providing the recipient’s bank account number. After the payment is confirmed, the recipient’s bank will pay the money from its own balance.
The reason why this type of money transfers is called the wire is that the transaction is confirmed remotely, that is, by wire.
You can make a wire transfer from any bank you want, even if you don’t have an account there. If this is the case, you can make the money transfer using cash at a cash office. What this practically means is that if your bank does not allow money transfers aimed at online gaming sites, you can simply go to another bank.
Useful Tips for Wire Casino Payments
Some of the main downsides of wire transfers are that they are slow and pricy. The good news is that it doesn’t have to be that way. There are some useful tips that can make your wire casino deposits and withdrawals much better.
The average processing fee charged by US banks for domestic wire transfers is $25. If your online casino is based offshore, that fee can be even larger. This is why you ought to do thorough research to make sure you’re going to pick the most affordable bank.
Banks aren’t the only ones that charge fees on wire transfers; your online casino might do the same, particularly for withdrawals. Therefore, it’s important to read the terms and conditions of your casino as well.
If you’re going to have to pay a hefty processing fee for your bank wire transfer, you might want to refill your gaming budget by claiming all the bonuses available. Most online casinos give welcome bonuses to new players on their first deposits. There is no reason not to take them.
Bank wire transfers can take a really long time to process. We’re not talking hours, but days, or sometimes, even weeks. This is why you need to check the average processing times of your bank, but also of your casino.
Considering that banks charge large processing fees and that casinos sometimes do the same, wire transfers are not suitable for small deposits and withdrawals. However, if you need to transfer a large amount, there aren’t many better options.
Good to Know!
Bank wire transfer allows you to deposit money to your casino account using cash. However, there are a few more methods that also use cash for online casino deposits, and some of those methods are anonymous. We’re talking about prepaid vouchers like ecoCard, for example.
Pros & Cons of Wire TransfersAll casino payment methods come with some pros and cons, and bank wire transfer is no exception. Let’s see what are the things that make this banking option a good choice. Let’s also see which things make it not so great.
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Facts About Bank Wire Transfers
Frequently Asked Questions
It is not possible to make anonymous payments using bank wire transfers. The reason is that the bank needs the details of both the sender and the recipient. What this means is that the bank will know that you are sending the money to the casino (or the other way around).
Online casinos usually process deposits straight away. However, that’s only after the money arrives at the casino. That’s something that depends on the bank. Generally speaking, bank wire transfers to online casinos take between 24 and 48 hours to process.
Online casinos tend to process withdrawals much slower than deposits, although this depends on the banking option. Bank wire transfers are usually processed within two days by the casino. You also need to add to the account the time the bank will take to carry out the money transfer, which can also take a couple of days.
Most online casinos accept bank wire transfers. They let the players use them both for deposits and for withdrawals. The only catch is that not all the banks in the United States are willing to carry out bank wire transfers that are aimed at online gaming sites. Luckily, plenty of banks have no problem with it.
Wire transfer is considered to be one of the most secure payment methods. Not only is the Fedwire system practically unbreakable, but even if something goes wrong, banks are obliged to set the things straight. What this means is that if you plan to make a large casino deposit, the wire transfer is your best option.
Sometimes, it is possible to use the bank wire transfer for withdrawals even if you’ve made your previous casino deposit using another method. One of the scenarios is when your deposit method cannot be used with withdrawals. For instance, if you’ve used a prepaid voucher like ecoCard, you will be able to use bank wire for the payout.
It is possible to send the money from the US to an offshore online casino, but the fees are probably going to be even higher than usual. Furthermore, if the casino you want to send your money to is not working with the US dollar, you will also have to pay for the currency conversion. The same is the case vice versa, that is, if the money is coming from an offshore casino to a US bank account.