An instant wire transfer is a simple bank-to-bank transfer that gets processed more quickly than normal. It is a special type of deposit method made available to online casino players at the online casinos listed on this page. Please note that, due to banking regulations in certain countries, instant wire transfers may not work instantly for all players.
How to Deposit through Instant Wire Transfer
The only reason an instant wire transfer is faster than a regular wire transfer is good communication. In order to initiate an instant wire transfer, you'll need to contact a casino representative and let them know that you'd like to make a deposit. They'll provide you with the necessary information you need to give your bank to conduct the wire transfer. Visit your bank to conduct the transfer. After paying the necessary fees, your transfer will be sent immediately.
Check back with the casino to let them know the transfer is sent. Make sure to provide them with all the details about the transfer, including the amount and your username. The casino will credit your account as soon as they get confirmation of the transfer, which can take less than an hour.
Withdrawals via Instant Wire Transfer
Instant wire transfers are generally only available for depositing. However, you can almost always request a regular wire transfer to receive a cashout. To do this, you'll need to provide the casino with your banking information, including your name, account number, and international bank number. The exact details will vary by country, so ask a representative at your casino if you need help. Contact your bank if you can't find all the information you need on their website or your financial records.
Regular wire transfers generally take 1-5 days to reach your account. Please note that both the sending and receiving bank may charge flat fees for this service.
Advantages of Instant Wire Transfer
Despite the amount of manual steps required in an instant wire transfer, it is actually one of the most straightforward deposit methods around. You don't have to sign up with an online banking service or await long verification periods to use the service. Virtually any bank in the world is capable of conducting an international wire transfer, and all it takes to initiate one is a few minutes at your local branch.
Instant wire transfers also give you the peace of mind of dealing with a banking institution you know and trust. You don't have to provide your sensitive account information to strangers on the Internet to complete the transfer.
Disadvantages of Instant Wire Transfer
Although the word “instant” is in its name, instant wire transfers are not totally instant in the sense that credit card or e-wallet deposits are. Even after you send the money, you still need to wait for the casino to get verification from their own bank. Although this generally takes one hour or so, it may be longer if you live in a country with more highly regulated financial transactions.
Instant wire transfers are also fairly costly for most players. Unlike online services that charge a percentage of the deposit amount to conduct a transfer, bank wire fees are almost always flat. For this reason, this method is only recommended for high rollers.