Wire Transfer Online Casinos
A bank wire transfer is a safe way to instantaneously transfer money from a bank account to an online casino account. Once a person’s bank account is confirmed, funds are safe and guaranteed. The potential for fraud in a wire transaction is limited. People sometimes call wire transfers either “electronic funds transfers”, EFTs, or “bank transfers”.
Main reasons to use a wire transfer as your online casino deposit method:
- Secure Payment
- Guaranteed Transaction
- High Limits
Whatever they’re called, wire transfers use the same process. Most people have used wire transfers at one time or another. ATM withdrawals are a certain kind of EFT. Direct deposit payroll checks are wire transfers. Online bank wire transfers are supported by online casinos and poker sites. In fact, wire transfers often are the main (or only) way gamblers are paid online.
Wire Transfer Online Casinos
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OUSC Guide to Wire Transfers
This Online United States Casinos bank wire guide details all you need to know to use bank drafts for gambling. Go over this step-by-step guide for making an online casino deposit using wire transfers, how to make a withdrawal, what the transaction limits are, the benefits and drawbacks of bank transfers.
Keep reading to find whether this is the right deposit method for you and what are the best online casinos that offer this banking option.
Pros & Cons of Using Wire Transfers as a Deposit Method
Every payment method has pros and cons. While bank wire transfers boast a lot of advantages, they do have a couple of drawbacks. Here’s an honest assessment of using bank wire transfers for casino deposits and withdrawals.
Advantages of Wire Transfers
- Security: Bank wire transfers tend to be safe. Banks invented most financial security procedures – and still do them best.
- Guaranteed Payment: If a transfer is lost, many banks guarantee the transaction. In the US, regulations often require it.
- High Limits: EFTs often have higher withdrawal limits than credit cards or web wallets. High rollers like bank wire transfers for that reason.
Drawbacks of Wire Deposits
- Costs a Fee: Many banks and financial institutions charge a fee for international wire transfers. Always check to see if a fee is charged.
- Takes Longer: Wire transfer withdrawals take longer than Bitcoin or e-wallets. Banks have more protocols in identity verification.
The Best Online Casinos that Accept Wire Transfers
Every online casino doesn’t support wire transfers, so we’ve researched which are the top online casinos for wire transfers. Our criteria include max deposit limits, bonus offers, game selection, reliability, and security. We recommend casinos sites with high limits on bank wire transfers, so penny players and high rollers alike can enjoy the fun.
|ONLINE CASINO||PLAY NOW|
|#1||BetOnline||$1,000 – No Max||$500 – $24,900||100% up to $3,000||Deposit Now|
|#2||Wild Casino||$1,000 – $No Max||$500 – $24,900||$5,000 Welcome Bonus||Deposit Now|
|#3||Betway Casino||$20 – $No Max||$10 – $4,000/week||100% Match Bonus Up to €/$250||Deposit Now|
BetOnline accepts play from Americans, though it’s a large international casino site, too. If you use Neteller, Skrill, or a bank wire transfer, there is no limit to your deposits. New depositors receive a three-tiered welcome bonus, so it’s easy to max out the promotions while funding your account. BetOnline is a one-stop gaming site, with an online casino (classic and live dealer), sportsbook, and cardroom.
New BetOnline players can enjoy a 100% Welcome Bonus of up to $3,000.
Wild Casino is a relatively new online casino, but it’s already one of the best options for players using bank wire transfers. You’ll face a no max deposit bonus, while the payout limits soar into the $25,000 range. Wild Casino has fewer games than the competitors, but it’s building a larger inventory each month.
Create a new account at Wild Casino and enjoy up to $5,000 Welcome Bonus in signup bonuses.
Betway Casino collects a huge number of games, including the best progressive slots from NetEnt and Microgaming. Betway also provides a sportsbook, poker, and live casino gaming from Evolution Live Gaming. Fill your account with unlimited bank wire transfers, though Betway is third on our list because of its weekly withdrawal limits.
Betway Casino players get $9,000 in freerolls along with a 100% Match Bonus Up to €/$250 welcome bonus.
Using Wire Transfers as an Online Casino Payment Method
The process of using a wire transfer at an online casino is not much different than most bank transactions. We go through the step by step process in the space below. Contact your bank to have the IBAN and BIC codes ready. Once you have these, you’ll repeat the process over and over with no issues.
Making a Wire Transfer Deposit
Before you can make a deposit at an online casino, remember to register an account. Accept any no-deposit bonuses offered. The online casino making the transfer contacts the bank with the proper IBAN and BIC codes. Wire transfers go to the bank through a secure system like the SWIFT or Fedwire systems. Transfers to the casino might not be instantaneous but shouldn’t take more than a few hours in most instances.
- Make a Deposit: Log into the site and navigate to the cashier page. Select “Deposit”, then select “Bank Wire Transfer” to start the wire transfer process.
- Choose Wire Amount: Choose the amount you want to send, then verify the payment when prompted. Accept your deposit bonus before processing and read through the terms.
- Wire Transfer Fees: Sending banks or institutions charge a fee, while the depositing banks draw a fee from the amount sent. Online casinos do not charge fees, but their bank might.
- Play for Real Money: Once you have money in the account, play casino games for real cash. At first, play games that satisfy your wagering requirement. Once you clear the requirement, it’s time to make a withdrawal.
Making a Bank Draft Withdrawal
Making an online casino withdrawal is in many ways the reverse of the deposit process. The time for payment is longer because your identity must be verified by the casino and your bank. This is when you’ll most often encounter fees.
- Withdrawal Request: Go to the cashier page once more. This time, select “Withdrawal”, then select “Bank Wire Transfer” from the list of options.
- Verify Your Cashout: You’ll be prompted to verify the payment. Once you make a withdrawal request, you can cancel for a few hours, but after a waiting period, the cashout is final.
- Wait for Payment: Payments sometimes take 5 to 10 business days. Check your bank account periodically to see when the withdrawal arrives.
How to Choose a Wire Transfer Online Casino
First off, read online casino reviews. When you see a site accepts wire transfers, you should consider a few things.
Top Online Games that can be played using Wire Transfer
Few US-friendly online casinos have specific wire transfer bonus promotions. The good thing is few American online casinos limit wire transfers deposits, so any game works for wire transfers.
Pick a casino that supports wire transfers. For instance, Bovada and Slots.lv don’t use wire transfers, but BetOnline, Sportsbetting, Golden Lion, WildCasino.ag, and Betway all do.
Wire Transfer: A Brief History
Wire transfers began way back in the 19th century. Western Union sent the first wire transfer in 1872 over the telegraph lines. A person anywhere in the United States could pay money into a Western Union station. Using passwords and codebooks, that station would send along a “wire transfer” to another station. The receiving Western Union office would pay the person on the other end from their cash.
Since then, the system for sending wire transfers has grown ever more complex. Despite improvements, the basic concept stays the same. Today, bank institutions and wire transfer services use advanced encryption techniques and identity verification tools to assure security. A variety of wire transfer networks exist (SWIFT, Fedwire) that send payments. Because wire transfers handle massive payments, they are growing in popularity with online casino players.
Should You Use Wire Transfer Deposits?
The OUSC team agrees that wire transfers are a safe and reliable method of moving cash from your bank account to an online casino. Once you collect casino winnings, bank wire transfers move the cashback to your bank account. US players will find that bank wire transfers are the best option for handling huge sums of money if you don’t want to use Bitcoin. If you’re a high roller who wants to withdraw $25,000 at a time, wire transfers are the best option.
Players will pay for the privilege. Banks could charge you $50 to $100 for a wire transfer, but that’s a small price for a high stakes gambler. You’ll also need to wait 5 to 10 days for the bank wire to arrive. Keep in mind wire transfers eliminate one step of the process, because credit card or e-wallet users often eventually move their money to the bank. Bank wire transfers are a good way to cash out at an online casino, so pick one of our recommended sites for wire transfers and play online today.
Players Also Ask About Wire Transfers
Readers still might have some questions, so we’ve prepared a short Q/A about using Wire Transfer at online casinos. Read through these frequently asked questions if we haven’t covered your concerns so far. Send our webmaster any other questions and we’ll add it to this wire transfer FAQ.
Wire Transfers/Drafts Deposits FAQ
Do any US online casinos accept Wire Transfer deposits?
Yes, many online casinos accept wire transfers. Some don’t. For instance, BetOnline and Sportsbetting.ag accept online wire transfers. Wild Casino, Golden Lion Casino, and Betway each accept wire transfers. Bovada, Slots.lv, Ignition Casino, and Cafe Casino do not.
Those that do allow huge transfers, like BetOnline and Sportsbetting, allow unlimited funding with wire transfers; there are no max limits. Both have a $24,900 max withdrawal, which is much higher than most other deposit methods.
How can I get real money using a Wire Transfer as a payment method?
Yes. People absolutely can make wire real money to and from online casinos. All you need is a bank account. The process isn’t much different than withdrawing money from your bank or ATM machine. Send unlimited cash in a casino deposit, or make a request for an online casino withdrawal. The money appears in your bank account in a few days.
Is using a Wire Transfer as a deposit method safe?
Bank wire transfers are as safe or safer than credit cards, web wallets, and e-vouchers. Banks make it their business to protect money transfers, so EFTs are protected by advanced security measures.
Note: The safest online transfer method is still Bitcoin or other cryptocurrency deposit methods because blockchain technology provides a passcode which can’t be hacked.