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For as long as online casinos have existed, deposit methods have also needed to exist. Throughout the years online casinos have adopted a number of different accepted deposit methods. Though they vary in a number of ways, they all serve the same purpose. Of all the methods that exist, you will find that the longest-existing one is easily the wire transfer method. Wire transfers outside of online casinos have been a great way to exchange money for decades and have been a mainstay in people’s lives for just as long. As such, it makes sense that wire transfers were one of the first ways by which players could fund an account. Not only were they one of the first ways by which players could fund a player account, they were also amongst the safest. This is something that remains true to this day.
In the following few sections everything there is to know about depositing at an online casino by way of a wire transfer will be touched upon and explained. When it comes down to it, depositing money at online casinos has never been easier or more convenient.
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How Does It Work?
If you have never gambled online nor have needed to execute a wire transfer, you may be confused by how wire transfers work. To keep things simple, it is easiest to understand that wire transfers work by taking money directly from your bank account and placing it into your online player account.
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Being that you are dealing with your bank, you are naturally going to trust them more than if you were dealing with an e-wallet or some other method of deposit. As such, you should be at peace knowing that your money, your personal information, and your financial information is all in the safest hands possible. As a matter of fact, few methods of deposit are more trustworthy and secure than wire transfers. If you are trusting of the customer service representatives employed by your bank of choice, wire transfers should bring about no mental discomfort. After all, your bank will ensure that your money and information is safe at every turn.
Heads up poker small blind big blind. Back in the day, wire transfers took days on end in order to be processed and completed, but nowadays you will see that they typically only take a few minutes from start to finish. This is great because it means the player who just made a deposit is able to begin playing only moments after making a deposit.
Wire Transfer FAQs
How fast will a wire transfer take to show up in my player account?
Though you may have heard of bank wires taking weeks on end in order to process, things are much more advanced now than they ever have been before. As such, wire transfers as they relate to online casinos take place in a matter of minutes.
Are wire transfers safe?
Because you are dealing with major financial institutions, bank wire transfers are among the safest ways by which you can fund an online casino player account. If you happen to deal with an unscrupulous site who steals your money—albeit an unlikely occurrence nowadays—banks will help you get your money back and resolve the situation.
Are there fees associated with wire transfers at online casinos?
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This is something that depends upon the online casinos at which you are playing, but there is most often some type of fee levied against every online casino deposit. The exact amount of the fee depends upon the site in question and how much money you are depositing.
Does every online casino accept wire transfers?
Nowadays you will find that most online casinos accept wire transfers. This is something that you should find out before you begin playing at a site, but it is true more often than it isn’t.
Will your bank always allow you to execute wire transfers?
Because of the way the legal system works in certain parts of the world, not everyone is going to be able to participate in a direct wire transfer. For those that are legally allowed to, your bank should not do anything to prevent the transaction from taking place. If, for some reason, your transfer is not allowed to go through, simply talking to your bank will most often resolve the issue that you have come across.
Can I also withdraw via wire transfers?
Something that really separates wire transfer deposits from deposits via any other method is the fact that wire transfers are almost always an accepted withdrawal method too. So while other players are forced to deposit via one avenue and cash out via another, wire transfers allow for seamless deposit and withdrawal of funds whenever is most convenient for you. Unfortunately, wire transfer withdrawals tend to take a few days to process while other methods of withdrawal happen instantaneously.
More deposit methods:
Funding a casino account with a bank transfer is not one of the most popular deposit methods at online casinos, but there are advantages for using this option. Wheel of fortune free games no download. Typically, most casinos will allow you to fund an online account with a bank transfer (sometimes called a bank wire or ACH Direct Deposit in the U.S.) and often the deposit limits are much higher than other deposit methods at online casinos.
It is also not unusual for withdrawals by bank transfer to have higher limits than other withdrawal options. This can be an advantage if you are fortunate and enjoy a big score at the casino, but watch out for limits imposed by some operators on how much you can withdraw each week (by any withdrawal method). Also watch out for long processing times and fairly high withdrawal charges.
Online Casinos that Accept Bank Wire Transfer Deposits
Online Casino Withdrawal Wirer Transfer System
Most, but not all, online casinos advertise they accept deposits by bank transfer and if a particular casino does not make it clear whether or not they do, there is no harm in asking. As well as typically having higher deposit limits, minimum deposit limits are often lower than the limits applied to other deposit methods.
The Pros of Using a Bank Wire to Fund an Online Account
The pros of using a bank wire to fund an online account are that the process is easy if you are familiar with online banking or, if you are not keen on online banking, you can make a bank transfer by calling your bank or visiting it in person. All you need is the operator´s bank account details and a unique reference number that will be provided by the operator to identify your deposit when it arrives.
It is also a method of funding an online casino account that requires forethought. As it takes several days for a bank wire to clear, you have to think in advance of how much you want to deposit and when you will be able to access your funds. It is certainly a responsible way of funding an account with an online casino and, for many players using this option, helps with bankroll management.
The Cons of Using a Bank Wire to Fund an Online Account
The cons of using a bank wire to fund an online account include the price you have to pay for using a secure, convenient and responsible method of funding an online account, and currency conversion charges if your fund a casino account held in U.S. dollars from a bank account held in another currency. You are also unlikely to get a fair exchange rate from your bank.
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There are also costs associated with receiving funds from an online casino when you win. Most casinos will not absorb the cost of processing the bank transfer and deduct it from your withdrawal request, plus it could take up to two weeks for your withdrawal request to be processed. Add that to the processing time and you could experience a considerable delay before being able to celebrate a big win.
Bank Transfer Deposit Q&A
No. All the receiving casino gets is a notification containing your name, the amount of the deposit and the unique reference number provided to you to identify your deposit. Naturally, if you request a withdrawal by bank wire, you will have to provide your bank account details.
Online Casino Withdrawal Wire Transfer Station
This is most unlikely. Casinos usually stipulate that the bank details provided when requesting a withdrawal must match the personal details of the casino account holder in order to comply with anti-money laundering laws.
Yes. Most casinos insist on identity verification before auctioning a withdrawal request. Verification is also important to add an extra layer of security on your online transactions with the casino, so it is not a process that should be ignored or avoided.
There can be several reasons for this. You may have entered the casino´s bank account incorrectly or given the wrong reference number. Your bank can always check the whereabouts of a bank transfer and let you know who it was received by and when.