Despite a rapid development of modern electronic means of payments, many people still prefer conventional methods. Some of them don’t want to create e-wallets for personal reasons, others don’t trust these virtual systems. Moreover, there are people who still don’t use credit cards. The preferable payment method for them is a usual bank transfer also known as a wire transfer. This method is not the most popular one with casino players, but it is allowed by most e-gambling platforms.
A bank or a wire transfer is a type of a money transfer when the funds are delivered directly from the remitter’s bank account to the recipient’s account. To make such a transfer one needs to visit a bank and fulfill the operation in the bank’s cash department. This method can seem a bit outdated, but it has its own advantages. Firstly, the upper limit of a bank transfer is always higher if compared to e-wallets or credit cards. Secondly, this is the safest method. This is why it is still practiced by some casino players, especially high-rollers who play legally in the officially allowed casinos.
The procedure of making a deposit via a wire transfer is simple and straightforward if you have ever transferred money via a bank. First and foremost, select a suitable web-based casino that accepts wire transfer. It is very easy as this method is accepted by the vast majority of banks. If you are not sure of what to choose, check our updated list of bank wire casinos. As soon as you’ve made a choice and signed up the selected casino, complete the procedure.
That’s all. After you’ve completed the procedure, you only have to wait for your money to arrive. Mind that this method is not instant. It can take from several hours to several working days. As soon as the money is there, you can start betting in the casino.
Withdrawing cash from the casino via a wire transfer is also very simple – it is all done in just one step on the casino’s site. Go to the banking page of the casino and find the Withdrawals section. In the list of available methods, choose a “wire transfer” or a “bank transfer” and click it. You’ll see an online form, which you’ll have to fill in. Enter your bank details and the sum you want to withdraw. After that, confirm the transaction.
Withdrawals via a wire transfer are also not instant. It can take up to 7 banking days for your money to arrive. A small commission fee is also charged.
Wire transfers are rightfully considered to be the safest payment method available. Firstly, banks are serious financial institutions that care about their security. All bank transactions are protected with several layers of encryption. Secondly, when you pay directly from your bank account, no third parties are involved. The funds are transmitted from your bank to the casino’s bank. Interbank money transfers are considered absolutely safe.
When it comes to your personal real money, you want all the issues to be resolved as quickly and professionally as possible. In the case of wire transfers, you can always visit your local bank and ask any questions, meeting an operator face-to-face. Also, bank customers have a variety of other channels of communicating with the support service – from a toll-free multi-channel phone to online application and a live chat.
As you see, there are some real advantages of using bank wire transfers as a method of depositing and withdrawing cash. Let’s sum them up:
At the same, more and more people seek for alternative methods of depositing and withdrawals. Wire transfers have some serious disadvantages: