BANK WIRE ONLINE CASINOS
Bank Wire is one of the means of payment that is available for use at many online casinos so players who love to fund their online casino account via bank wire transfer will find it easy to use this payment system at several online casinos. This review is meant to guide you on everything you need to know about using bank wire as a payment means at online casinos that accept it.
About Bank Wire Transfer
This means of payment is one of the payment options that can be used to send money from one party to another, hence, it is a system used by players to transact at online casinos. This means of payment can be used via your local financial institution and it is very easy to use for transacting at online casinos. One of the things you should note when using this means of payment at online casinos is that it attract charges which is issued by your financial institution. The charges that is attracted to bank wire transfer varies from one financial institution to another so you are advised to read the T&Cs of the casino you are playing at before using this means of payment.
Depositing with Bank Wire Transfer
Below are the steps you need to follow when you want to make deposit with bank wire transfer at online casinos:
- Open an account at a bank wire online casino: The first thing you need to do when you want to make a deposit with bank wire transfer is to find a suitable online casino that accept bank wire transfer and create an account.
- Compile all the necessary data: After creating an account at a bank wire online casino, the next thing you need to do is to compile all the necessary data to fund at the online casino via wire transfer. The basic data you will need include BIC, IBAN, or SWIFT pin, the address of the casino you are playing at, the address of the casino financial institution, and user’s financial institution details.
- Fill the bank wire transfer form: After doing the step above, the next thing you need is to enter all the necessary information in the bank wire transfer form that you will request from your bank. You can decide to visit your local bank to fill the form or contact your bank beforehand to confirm the availability of the form. You should note that the charges that is placed on bank wire transfer varies from one bank to another, the range of the charges is normally from $10 – $50 so it is advisable to look into the T&Cs of using this means of payment at the casino you are playing at.
- Await the reflection of the fund in your online account: All you need to do after completing the steps above is to await your bank approval of the transaction, this normally take few hours but there are cases where the processing take days, hence, it is advisable to perform the transaction during working days because weekend transactions normally take longer period of time to process. Once your transaction is approved by your bank, the funds will reflect immediately at the online casino you are playing at.
Withdrawing with Bank Wire Transfer
Below are the steps you need to follow when you want to make a withdrawal via bank wire transfer at online casinos:
- Input your details to access your online casino account: Withdrawing funds via bank wire transfer at online casino requires you to access your account at the online casino and navigate to the section that is meant for cashier. After doing this, click on the option that is designated as “bank wire withdrawal” and input your details including IBAN or SWIFT pin, residential address, registered name, and the address of your bank.
- Enter your withdrawal amount: The second step is to input the amount you wish to withdraw in the form that will be provided but you need to note that withdrawal via bank wire transfer can only be possible after meeting all the necessary staking requirements that is set by the casino. Hence, ensure to always read the casino T&Cs.
How safe and secure is bank wire transfer?
One of the safest means of transacting at online casinos is bank wire transfer owing to the fact that it only involves two parties and the two parties are your financial institution and the casino you are playing at. Also, there is an added security that is set by your financial institution so be assured of a safe gambling environment. Aside from this, an end to end encryption is assured by bank wire transfer and player’s privacy is assured. Lastly, the SWIFT codes that is involved in using bank wire transfer also adds to the privacy and security of users.
Processing period of bank wire transfer
Unlike others means of payment that is implemented by online casinos, bank wire transfer takes longer processing period to reflect on your online casino account. The processing period is normally between 3 to 7 days, however, it is faster than any other traditional means as those means require communication between banks before the funds can be processed.
Merits and Demerits of Bank Wire Transfer
Below are the benefits of making use of bank wire transfer for transaction at online casinos:
- It is widely accepted by various casinos.
- Privacy is assured.
- It gives room for huge transactions.
- Safety and security is assured.
Below are the demerits of making use of bank wire transfer for transaction at online casinos:
- Using bank wire transfer is costly.
- Compared to credit cards and electronic wallets, bank wire transfer takes longer processing period.
- Batch transaction is not allowed meaning that transaction can only be done at once.
- It requires physical presence at local bank.
Bank Wire Transfer Customer Service
Bank wire transfer gives room to access customer service team. Since this means of payment is regulated by your financial institution, you can contact one of the customer support team to ask anything you need to know about using this means of payment.
Frequently Asked Questions about Bank Wire Transfer
- Do bank wire transfer give room for bonus at online casinos?
Of course, you can have ultimate access to all the casino bonus at the casino you are using this means of payment at.
- How safe is bank wire transfer?
The safety of this means of payment is top-notched as it remains one of the highly secured means of payment that you can use for transaction at online casinos.
- Do bank wire transfer attract charges?
Bank wire transfer attract charges which is set by your financial institution. The fees that is attracted to this mode of payment varies from one bank to another and huge transactions normally attract much transaction fee.
- Which payment means can be used in place of bank wire transfer?
In case you are finding it difficult to transact with this mode of payment at your online casino, you can make use of others payment means such as credit cards, electronic wallets and Western Union.
Aside from the longer processing period that is associated with bank wire transfer, it still remains one of the best mode of payment that you can ever come across when it comes to transacting at online casinos. This mode of payment is accepted by several online casinos and owing to its availability worldwide so be assured of using this payment system to play games at casinos of your choice. Bank wire transfers offer players with maximum security and it also keep players information private meaning that no third party can have access to any of your personal information. It is a goods means of payment for casino enthusiasts that love to stake high as it offers huge transaction amount with low transaction charges. Give bank wire transfer a try today for an interesting casino experience.