Top Online Casinos for Bank Wire Transfer
The fact is that bank wire transfer is one of the most popular casino payment methods. There are several reasons for that, starting with the fact that most casinos work with this option. Therefore, finding an excellent online casino that accepts wire for deposits and withdrawals is not that hard.
Another reason is that players love the level of security it provides. If you’re using wire transfer to make casino payments, you can be certain that your money will arrive at its destination. This explains why high-rollers love this method. To learn about all the other reasons why wire transfer is an excellent choice for casino deposits/withdrawals, just keep reading!
- Top Online Bank Wire Casinos
- Great Player Experience
- Many Banking Options
- Best Casino Bonuses
- Promotions & Rewards
- Live Dealer Casino Games
- Excellent VIP Service
250% Up To
$5000$20 Minimum Deposit
10x bonus amount maximum cashout
35x wagering requirement for the first deposit
30x wagering requirement for second through to fifth deposits
30-day expiry limit
- Blackjack Tournaments
- Faster Payout Options
- Bitcoin Deposits
- Blackjack Tournaments
- Progressive Blackjack
- Fast Payments via Crypto
400% Up To
$4000$20 Minimum Deposit
25x Wagering Requirement
No Maximum Cashout
Free Spins on Pig Winner
- Welcomes USA Players
- Friendly Mobile Site
- Progressive Jackpot Slots
- Bitcoin-Friendly
- Large Collection of Slots
- Simple Site Layout
- Most Casino Games
- Instant & Download
- Many Casino Bonuses
300% Up To
$6000$10 Minimum Deposit - Neosurf
$30 Minimum Deposit - Credit Card
30x Maximum Cashout
35x Wagering Requirement
- Large number of jackpots
- Massive welcome bonus
- Excellent mobile site
200% Up To
$14000$35 Minimum Deposit
No Maximum Cashout (10x for free chip)
Free Chip 10x Maximum Cashout
30x Wagering Requirement (50x for free chip)
Exclusive to MasterCard & Bitcoin
Free Chip Must Be Redeemed Via Email
- Massive Welcome Bonus
- Responsive Mobile Site
- RealTime Gaming Slots
- Customer Support Team
- Promotions and Bonuses
- USA Player-Friendly
How We Pick the Best Wire Transfer Casinos?
Each of the casinos you see in our list accepts wire transfer as one of the banking methods. However, that’s just one of many reasons why we recommend those casinos. There are plenty of other reasons why we recommend these sites to our visitors.
Some of those include the following:
- Gaming License - Each of these internet casinos comes with a real operating license, issued by a reputable gaming authority.
- US-Friendly Attitude - The casinos in our list all accept customers from the United States, as well as use the US dollar as the currency.
- User-Focused Philosophy - These casinos are famously very user-friendly, with customer support teams available around the clock.
- Fast Money Transfers - Your bank might take a few days to process the wire transfer. You surely don’t want the casino to delay the transfer as well.
- Fun Games - The offer of online slot games is huge at each of these casinos, together with other entertaining games like roulette, baccarat, and others.
- Lucrative Bonuses - These casinos care about their customers, rewarding them all sorts of interesting bonuses and promos on a regular basis.
Online Casino Deposits with Wire Transfer
Bank wire transfer is a method through which you get to send money from a bank to your casino account. The money transfer is carried out by the bank, but you need to make a request first, either online or in-person. Then, it’s time to make a deposit through these four steps:
Step 1
Go to cashier in your casino account, choose the option deposit.
Step 2
Browse through the list of available deposit methods and choose bank wire transfer.
Step 3
Enter the amount you wish to deposit and type in your bank details.
Step 4
Confirm your decision by entering the code you’ve received from your bank.
Online Casino Withdrawals Wire Transfer
Most casinos do not let the players withdraw money (especially if it’s a large amount) without previously verifying their accounts. To do that, you will probably have to email them a photocopy of your ID. Once your account is verified, you can proceed to make a withdrawal request:
Step 1
Sign in to your account and go to the cashier.
Step 2
Choose wire transfer from the list of available withdrawal methods. It'll probably be near the top.
Step 3
Decide how much money you wish to withdraw. Save some to keep playing with later.
Step 4
Confirm your decision. Congratulations on the win! Enjoy the cash in your bank account!
About Wire Transfers
This method of transactions became possible only after the invention of the telegraph in the mid-19th century. Although wire transfers existed in some form even before the 1870s, that decade was when Western Union popularized this method across the US.
Almost 150 years have passed since, and technology has changed incredibly over the years. Still, the basic principle of wire transfers is pretty much the same as before.
How it works is that the sender pays the money to the bank, providing the recipient’s bank account number. After the payment is confirmed, the recipient’s bank will pay the money from its own balance.
The reason why this type of money transfers is called the wire is that the transaction is confirmed remotely, that is, by wire.
You can make a wire transfer from any bank you want, even if you don’t have an account there. If this is the case, you can make the money transfer using cash at a cash office. What this practically means is that if your bank does not allow money transfers aimed at online gaming sites, you can simply go to another bank.
Useful Tips for Wire Casino Payments
Some of the main downsides of wire transfers are that they are slow and pricy. The good news is that it doesn’t have to be that way. There are some useful tips that can make your wire casino deposits and withdrawals much better.
The average processing fee charged by US banks for domestic wire transfers is $25. If your online casino is based offshore, that fee can be even larger. This is why you ought to do thorough research to make sure you’re going to pick the most affordable bank.
Banks aren’t the only ones that charge fees on wire transfers; your online casino might do the same, particularly for withdrawals. Therefore, it’s important to read the terms and conditions of your casino as well.
If you’re going to have to pay a hefty processing fee for your bank wire transfer, you might want to refill your gaming budget by claiming all the bonuses available. Most online casinos give welcome bonuses to new players on their first deposits. There is no reason not to take them.
Bank wire transfers can take a really long time to process. We’re not talking hours, but days, or sometimes, even weeks. This is why you need to check the average processing times of your bank, but also of your casino.
Considering that banks charge large processing fees and that casinos sometimes do the same, wire transfers are not suitable for small deposits and withdrawals. However, if you need to transfer a large amount, there aren’t many better options.
Good to Know!
Bank wire transfer allows you to deposit money to your casino account using cash. However, there are a few more methods that also use cash for online casino deposits, and some of those methods are anonymous. We’re talking about prepaid vouchers like ecoCard, for example.
Pros & Cons of Wire Transfers
All casino payment methods come with some pros and cons, and bank wire transfer is no exception. Let’s see what are the things that make this banking option a good choice. Let’s also see which things make it not so great.- Probably the biggest advantage of bank wire transfers is that you can use cash to send money to your online casino account.
- Bank wire transfers are super-secure, with almost zero chance that the funds could get lost on their way to/from the casino.
- Deposit and withdrawals limits are higher when bank transfers are used than with most other banking methods.
- They are pricey. With an average cost of $25 per transaction, it’s not surprising that high-rollers are the ones who use bank wire transfers the most.
- Bank wire transfers sometimes take too long to process, especially if you compare them with other methods, some of which are processed instantly.
More Payments Methods
Facts About Bank Wire Transfers
Western Union
Before the telegraph became a thing, Western Union used horses and trains to carry out money transfers. When the telegraph technology took off, the company started doing wire transfers.
The 1800s Boom
Western Union launched its wire transfer service in 1872. Only a few years later, Americans were sending over $2 million dollars a year using this method.
Fedwire System
Today, bank wire transfers are not done through telegraph wires but through a system called Fedwire, which is operated by the US Federal Reserve.
Online Wire Transfers
It is possible to make an online wire transfer, but only if you have some money in your bank account. Otherwise, you need to go to a cash office to do it in person.
SWIFT
Instead of confirming the payment through a code sent over the telegraph wire as it was the case in the olden days, US banks now use the SWIFT technology for this purpose.
IRS Report
As per the US federal law, you need to report cash transactions of over $10,000 to the IRS. This is a measure introduced to combat money laundering.
Human Error
Money sent via wire transfer is almost never stolen. However, it sometimes gets lost in the system due to human error, but it is usually retrieved within hours.
$766 Trillion-Worth of Transfers
About 150 million transfers are carried out through bank wire every year in the United States. The total value of wire transfers is estimated to be around $766 trillion.
Frequently Asked Questions
It is not possible to make anonymous payments using bank wire transfers. The reason is that the bank needs the details of both the sender and the recipient. What this means is that the bank will know that you are sending the money to the casino (or the other way around).
Online casinos usually process deposits straight away. However, that’s only after the money arrives at the casino. That’s something that depends on the bank. Generally speaking, bank wire transfers to online casinos take between 24 and 48 hours to process.
Online casinos tend to process withdrawals much slower than deposits, although this depends on the banking option. Bank wire transfers are usually processed within two days by the casino. You also need to add to the account the time the bank will take to carry out the money transfer, which can also take a couple of days.
Most online casinos accept bank wire transfers. They let the players use them both for deposits and for withdrawals. The only catch is that not all the banks in the United States are willing to carry out bank wire transfers that are aimed at online gaming sites. Luckily, plenty of banks have no problem with it.
Wire transfer is considered to be one of the most secure payment methods. Not only is the Fedwire system practically unbreakable, but even if something goes wrong, banks are obliged to set the things straight. What this means is that if you plan to make a large casino deposit, the wire transfer is your best option.
Sometimes, it is possible to use the bank wire transfer for withdrawals even if you’ve made your previous casino deposit using another method. One of the scenarios is when your deposit method cannot be used with withdrawals. For instance, if you’ve used a prepaid voucher like ecoCard, you will be able to use bank wire for the payout.
It is possible to send the money from the US to an offshore online casino, but the fees are probably going to be even higher than usual. Furthermore, if the casino you want to send your money to is not working with the US dollar, you will also have to pay for the currency conversion. The same is the case vice versa, that is, if the money is coming from an offshore casino to a US bank account.
