Wire Transfer

Casino Deposit Methods at the Best Online Casinos

Wire Transfer Online Casinos

Bank wire transfer is, alongside credit and debit cards, the most ubiquitous online casino payment method. The vast majority of online casinos in the US accept this form of payment, and its popularity stems from its ease of use, high deposit and withdrawal limits, and top-notch security measures.

In the following sections, we’ll get you caught up with how to use bank wire transfer for online casino payments and everything else you should know about the process. We’ve also compiled a list of the finest gambling sites in the US that accept wire transfer. Feel free to check them out!

Online Casino Wire Transfer — The Ultimate Guide

Since some of our readers are rookies in the online gambling world, we decided to create a guide that covers all the intricacies involved in making online casino deposits and withdrawals using the bank wire transfer payment method. Some of the items on the agenda include transaction limits, associated fees, and lots of other stuff that you should be acquainted with before getting in on the action.

Can US Players use Wire Transfers in Online Casinos?

Absolutely! In 2006, the American Congress passed the UIGEA Act, which made casino banking more difficult for online gamblers. Wire transfers were among the payment methods that were affected the least by UIGEA, which is one of the reasons why it has become the most prevalent payment methods in US iGaming sites. 

Even if you’re living in states that haven’t yet legalized online gambling, wire transfer deposits are the safest way to go. This is because most US banks can’t monitor the transactions that players make in US-friendly online casinos that operate outside of America, and the banks can’t recognize that you’re making a payment to a gambling company. 

In US states where online gambling has been legalized, wire transfer has also been made a legal way of depositing and cashing out money from online casinos.

Choosing Wire Transfer Casinos

There are a couple of things that you should take into consideration when choosing a wire transfer online casino. During our selection process, we pay attention to:

Safety and regulation

The chosen casino needs to be verified and approved by reputable licensing jurisdictions. On top of this, the site must be properly protected from hacker attacks. In this regard, you should look for sites that use SSL encryption and advanced firewalls to safeguard its servers.

Bonuses

Some of the best wire transfer online casinos in the US offer exclusive bonuses for those that make their initial deposit on the site using this banking method. You should compare the values of different casino bonuses and find the most generous gambling operator.

Quality of games

This is what you came here for. The selected casino has to have a versatile portfolio of games, consisting of several hundred slots, dozens of table games, and preferably a live dealer lobby.

How to Use Wire Transfers in Casino Sites

Depositing and withdrawing funds to and from your casino account via bank wire can be done relatively simply. Just follow our lead, and you’ll be claiming those juicy bonuses in no time!

  1. Register in an online casino that accepts bank wire transfers.
    Once you find a casino that suits your taste, you have to check whether it has a bank wire transfer listed as a deposit method. If it has, then sign up for an account; if not, you have to look for another gambling site.
  2. Go to the Cashier.
    Once you’ve found a suitable bank wire casino and registered for an account, you’ll need to log in and go to the cashier section. There, you’ll have to select bank wire from the list of available payment methods and fill out the form.
  3. Provide the necessary information.
    You’ll need to provide details such as IBAN, the bank’s SWIFT code, and deposit amount, in addition to the physical addresses of both your casino and the bank.
  4. Finalize the payment.
    In this phase, you have to contact the bank, send it over the information you gather from the previous step, and verify the payment. The bank’s financial team will then process the request and transfer the funds to the casino. You should see the funds on your player account soon after.
  5. Have fun!
    With your account being loaded with funds, you can start playing real money casino games.

How to Make a Wire Transfer Withdrawal

Bank wire withdrawal should go even smoother since you’re already familiar with the basics. Here’s the drill:

  1. Go to your casino and log in.
    After you visit the casino that you wish to withdraw money from, log into your account and go to the Cashier.
  2. Select wire transfer.
    While in Cashier, select the bank wire transfer under the list of available payment methods. This will lead to a pop-up window where you have to provide your personal and banking details as well as the amount you wish to withdraw.
  3. Make sure that you’ve cleared the wagering requirements.
    Before being allowed to withdraw any cash from your account, you will have to get rid of any pending wagering requirements.
  4. Wait for the funds to reach your bank account.
    This should take 7-10 business days, depending on the bank and the casino itself. Bear in mind that bank wire withdrawals in gambling sites usually incur fees.

How to Make a Wire Transfer Withdrawal

Bank wire withdrawal should go even smoother since you’re already familiar with the basics. Here’s the drill:

  1. Make sure that you’ve cleared the wagering requirements.
    Before being allowed to withdraw any cash from your account, you will have to get rid of any pending wagering requirements.
  2. Go to your casino and log in.
    After you visit the casino that you wish to withdraw money from, log into your account and go to the Cashier.
  3. Select wire transfer.
    While in Cashier, select the bank wire transfer under the list of available payment methods. This will lead to a pop-up window where you have to provide your personal and banking details as well as the amount you wish to withdraw.
  4. Wait for the funds to reach your bank account.
    This should take 7-10 business days, depending on the bank and the casino itself. Bear in mind that bank wire withdrawals in gambling sites usually incur fees.

Pros and Cons of Bank Wire Transfer

There isn’t such a thing as a perfect payment method. They all have their advantages and disadvantages, and bank wire transfer is no different in this regard. Below, we’ve provided a breakdown of the key pros and cons of wire transfer in casino sites.

Pros

  • Guaranteed payment. Since there are no third parties involved in bank wire transfers, there is virtually no chance that the records of your transaction will get lost.
  • Safety. US banks use some of the most advanced security protocols on the web, making wire transfers in online sites 100% safe. Each financial institution has its own unique SWIFT code that contributes to the security and transparency of every transaction. Additionally, casino sites use high-end encryption software and top-notch firewalls to protect the integrity of players’ personal and financial details.
  • High limits. All casino payment methods have limits when it comes to both deposits and withdrawals. However, these limits are much more flexible with bank wire, making it a great option for both recreational players and high rollers alike.

Cons

  • High processing fees. With almost every casino bank wire withdrawal, players are required to pay a fee that can be anywhere from $5 to $50, depending on the site, the chosen bank, and the amount that’s being withdrawn. These fees are much higher than the ones associated with e-wallets, credit cards, and other payment methods.
  • Withdrawals take too long. Depositing via bank wire should be carried out almost instantaneously. However, cashouts can take over ten business days to be processed. This is because the bank’s officials need to go through the request in detail and verify your identity as well as that of the casino

Best Online Casino Games You Can Play After Depositing with Bank Wire

There are no limits as to what games you can play after depositing with bank wire. In other words, you can play all the games listed in the casino lobby, and that includes a huge range of slots, as well as a variety of table games such as blackjack, roulette, poker, and baccarat. You can also play live dealer games and even specialty games like bingo, keno, and so forth.

How to Choose an Online Casino that Accepts Bank Wire Deposits

Once you establish that your chosen site is legit and perfectly safe to play in, you should check up on a few bank wire-specific factors, namely:

Fees

Some online casinos charge fees for processing bank wire deposits and withdrawals. If these are too high (over $10 per transaction), you should consider moving on to another gambling site.

Processing time

Most bank wire deposits are instantaneous nowadays, but the same can hardly be said for cashing out using this form of payment. Oftentimes, wire withdrawals take more than seven workdays, and even more in some sites. You should find an online casino that processes bank wire withdrawals the fastest.

Keep in mind that the fees associated with bank wire casino transfers don’t depend only on the casino but also on the chosen bank and the amount of cash being processed. On average, processing fees are in the range of $10-50, but deviations from this sum are possible, depending on the abovementioned factors.

Brief History of Bank Wire Transfer

The first wire transfers were carried out in the 19th century via the telegraph lines. Transactions were performed between two banks directly, with no middleman to facilitate them. The amount of shared information was minimalized, which reduced the risk of ‘data hack’ by unauthorized personnel. 

Due to its long-standing reputation, bank wire transfer managed to find its application in the increasingly popular iGaming industry. Naturally, the speed of transactions is nowadays much faster than it was in the 19th century, but the basic idea remains the same — players transfer funds from one place to another without involving any third-party intermediaries.

Final Thoughts: Should You Use Bank Wire Transfer in Gambling Sites?

If you value safety and ease of use over speed, then you should absolutely use bank wire transfer in gambling sites. The associated fees are obviously a huge downside, but you would have to pay some fees when withdrawing money from your casino account, regardless of the chosen method. At least this way, you’ll know that your money is being kept in safe hands, and it will stay that way for as long as you’re using bank wire transfers for casino payments. 

We especially recommend this payment for high rollers, since bank wire usually has the highest deposit and withdrawal out of all available options.

FAQ About Wire Transfer Deposit Methods

Below are some of the questions players frequently ask about online casino deposit methods.

Yes! Bank wire is a prevalent payment method in the iGaming industry, and there are a myriad of online casinos in the US that accept it as a form of payment.

The safest there is. US banks use top-notch security measures that are complemented with advanced protocols used by casino operators.

Log in, go to the Cashier, and select bank wire transfer. Then, input the amount you want to cash out in addition to the necessary details regarding your bank account. That’s it!

Considering the associated security measures as well as the fact that there are no third-party intermediaries involved with bank wire casino deposits, you can rest completely assured that your money, as well as your bank details, are protected from prying eyes.