Bank transfer casinos are all online gambling sites that accept bank wire transfers as one of their payment methods. Compared to numerous others, bank wire transfers are some of the most widely used and accepted payment options at online casinos, which is why you will find hundreds of online casinos listed on this page. What’s more, bank wires are used both as a deposit method and as a withdrawal method, which makes this type of payment method very convenient and popular.
Overview of Bank Wire Transfer Deposit Method
A bank transfer is a simple method of transferring funds from one bank account to another. In the world of online gaming, bank wire transfers are some of the most consistently available means of transfer for both deposits and withdrawals.
Besides availability, players also often choose to conduct transactions via bank wire transfers because they can directly deposit to or withdraw from an online or mobile casino without the use of a third-party merchant. This greatly reduces the risk of identity theft since your details do not leave the casino.
Indeed bank transfers are considered very safe and trustworthy. There will typically be various methods of protection and security in place, from firewalls and encryption to multi-factor authentication.
Furthermore, although bank wire transfers are not instant, you will not be subject to any processing times imposed by an independent merchant.
Additionally, bank transfers are popular as they are convenient for easy tracking, monitoring, and managing your bankroll.
How to Make a Deposit Using Bank Wire Transfer at Online Casinos
Depositing at real money casinos using a bank transfer is fairly easy, but it’s good to know what information you might need to provide prior to depositing.
Here are the basic steps to making a deposit at bank transfer casinos:
- Go to your bank transfer casino of choice
- Open the cashier section
- Select bank transfer from the list of available deposit methods
- Enter the desired deposit amount
- Provide all the necessary information that the casino asks (e.g. IBAN or SWIFT numbers)
- Verify your identity via SMS
- Wait for your request to be processed and accepted
Just remember that certain bank transfer fees may apply and these will vary from bank to bank.
How to Withdraw Funds with Bank Transfer at Casinos
When it comes to withdrawing funds from your online casino account using bank wire, this is what the process typically looks like:
- Go to the cashier section
- Select bank wire from the list of withdrawal methods
- Fill out the amount you wish to withdraw
- Provide all the necessary information that the casino asks (e.g. your bank account number, SWIFT number and/or IBAN number)
- Wait for your funds to be credited to your account which may take from 3 to 5 business days
Disadvantages of Using Bank Wire Transfer at Online Casinos
While bank transfers are some of the most widely used types of casino deposit methods, it is important to reiterate that bank transfers usually take between 3 and 5 working days.
Moreover, different betting sites have different pending and processing times, so it’s advisable you always check with your casino what their particular processing times are. Considering how long withdrawals may take, it is no wonder some players will choose other means of payment as they need their funds credited as fast as possible.
Despite the convenience of not needing a third party, depending on your location, bank wire transfers can be quite expensive.
In addition to the processing fees that the casino will sometimes deduct from your cashout amount, your bank will almost certainly charge you once the wire is received.
Should You Use Bank Wire Transfer at Online Casinos?
There are pros and cons to every payment method and bank wires are no different. Make sure you weigh all your options and make a careful decision. Remember that bank wire transfers are very widespread and considered secure, but that they also may be more expensive and take longer than some other payment methods.
Whatever your decision, just be certain you are playing at a trustworthy online casino. To check the details of any casino site, feel free to read our detailed casino reviews. Good luck!
