It is a payment method that uses a third-party service between you and the gambling site. It’s sometimes referred to as credit transfer. While the payment method is safe to use and has stood up against the UIGEA of 2006, it is by no means without setbacks.
These include a banking fee, which isn’t necessarily an excessive amount, but it is an essential factor. Along with the banking fee, processing wire transfers generally takes longer when compared to other payment options. Both the processing times and the banking fees are associated with the bank that you bank with. Thus, these two factors will vary from bank to bank for deposits and withdrawals.
Also, these factors are reasons why you should obtain the answers to these questions, before settling on this method of choice to fund your real money casino account.
Reasons to Use Wire Transfers
Below you will find the most common and popular reasons gamblers choose to fund their casino account:
Safety & security – there is no denying the safety of this method. All wire transfer transactions are processed directly by the bank.
Transacting in your currency- depositing and withdrawing using this method is quick and easy. So, there is no need to worry about currency conversion or the costs associated with it.
Large sums of money – this is an apt choice for high rollers as it allows players to move more significant amounts of money.
Widely accepted – it is one of the most common methods offered by almost all gambling sites.
Making Deposits & Withdrawals with Wire Transfers
Funding your casino account is straightforward with wire Transfers; check out the steps for deposits and withdrawals below:
Bank Wire Transfer Deposits
Find out if the casino accepts wire transfers as a transfer method.
Log on into your casino account and head over to the cashier.
Request a deposit and use the casino bonus code. Here, you will receive the information that you need to save (like the swift code).
Proceed with the deposit over the phone or physically at the bank.
Wait for the funds to reflect in your casino account (depending on your bank of choice, the duration may vary).
How to Cashout
As always, log in to your casino account and proceed to the cashier.
Then, read through the terms and conditions for payouts, ensure that you’ve met them.
At the cashier, select withdrawals and wire transfers as your withdrawal method.
At this stage, you will need to enter your bank details.
Then, select the amount of money you would like to withdraw.
Double-check your information and the amount and click withdraw.
The casino will then process your withdrawal, and the money will reflect in your bank account within five to seven working days (the duration will vary and could be longer or shorter).
If anything goes wrong with fund transferring, you can contact customer support.
Using Wire Transfers
In the United States, the method survived the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006, proving the reliability and safety of the option.
Wire Bank Transfers are used across the globe and are extremely popular among gamblers due to the safety aspect. We certainly recommend it as a banking method, but ultimately the choice is yours. For more information, check out these banking guides.