Bank Wire Transfer
Bank wire transfers are favored by some for their reliability, and are considered a solid and cost effective option for transferring larger amounts of cash. Many 3rd party payment services charge a fee equal to a percentage of the transaction, but bank wire transfers are usually subject to a fixed fee regardless of the amount of the transfer.
Bank Wire Transfer Highlights
- Bank transfers are normally associated with a fixed fee.
- Very reliable payment method.
- International wire transfers are usually required for online casinos.
- Transfers typically take a minimum of 3 business days.
- Online casino withdrawals may be made via wire transfers.
- Some casinos may require a minimum of a 4-figure deposit.
- Online casinos are required to verify identify of those using wire transfers.
List of Online Casinos accepting Bank Wire TransferFound 316 casinos that accept players from United Kingdom and offer deposits or withdrawals via Bank Wire Transfer.
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Local and International Wire Transfers
There are two unique types of bank wire transfers - local and international. Local transfers are typically much faster than international transfers, but international transfers are usually required when making deposits at online casinos, as many operate internationally. It takes a minimum of 8-10 hours to complete a local bank wire transfer, and 3 business days to complete an international bank wire transfer. During that time, you will not have access to your funds, as they are held pending the transfer. One tremendous advantage of wire transfers is the ability to transfer money back into the account via online casino withdrawals.
While most online casino deposits are initiated by the casino site to the payment service, bank wire transfers are initiated by the bank to the casino. You're required to have a player account at your online casino of choice, registered with accurate information. You'll need to get in touch with the casino to arrange the transfer.
Online casinos will not publicly display their bank account information, therefore it is necessary for them to verify your identity and make arrangements for the transfer on their end. The casino will provide you with an IBAN number, SWIFT code, and address information. You can then log on to your banking site via the web or phone and initiate the transfer. This process is usually completed within 3 business days.
Bank wire transfers are an exceptional choice for withdrawing winnings from an online casino account. You'll need to provide your bank's routing information (including bank account number) to your casino and they will complete the transfer process. The process typically is completed within 3 business days.
Bank wire transfers are simply not a popular option, given the number of available payment services that allow for virtually immediate transfers of funds. Fees on smaller transfers can seem high, and only go down in overall cost, compared to other payment services, when transfers are quite large. There's a downside too in being required to disclose your banking details to complete a deposit at an online casino.