Bank Transfer | Online Casinos & Betting Sites Accepting Wire Transfer
Bank transfers are one of the most popular casino banking methods of all. This is thanks to their simple ease of use and safe, efficient transfer capabilities. Bank transfers over an internet connection were first introduced in the mid to late 1990’s. As secure online banking advanced, along with internet technology, online bank transfers are even safer and easier to use. A bank transfer is also called wire transfer and is still among the most trusted of all casino banking options available to players around the world.
How bank transfers work?
Essentially a bank transfer is simply transferring funds from one place to another. In other words, you are transferring money from your bank account to the recipient’s bank account. This can be an online casino you want to play at or a betting site. In the past, bank transfers were an extremely slow process, sometimes taking weeks to complete.
Today, thanks to internet technology, bank transfers can be completed quickly. They can also be done from the comfort of your own home. However, bank transfers are still slower than eWallets or prepaid cards.
Most casino bank transfers are not instant. Selecting bank transfer as your payout option can take anywhere from one to four days to reflect in your bank.
Bank transfers still need a lot of information before one can safely make a bank transfer. This means to your online casino, or from your casino to your bank account. Prepaid cards, for example, do not need a lot of personal information. Funds are bought in advance of any online transfers actually occurring.
To complete a bank transfer you will need:
- The relevant details from the online casino (casino name and bank account).
- You can get this by visiting the online casino’s banking page and selecting ‘bank transfer’ under casino banking options.
- You will then be redirected to a new page which shows the casinos banking details.
- Some online casinos will have a bank transfer page containing links to different banks for your country.
How safe and efficient are bank transfers?
The casino or the betting site will redirect you to their payment page with all the links to relevant banks for your particular country. You can then click on the banking logo of your bank. This will then open a login page directly to your bank account. In this way, you will then be able to safely proceed with the bank transfer. This goes to the casino and then to your player account.
In most cases, bank transfers are relatively slow. However, in some instance, the time is shorter, about one to three days. In some cases, this can be longer, anywhere up to five days. The casino will send you a confirmation email once your funds have cleared in your player account. You can then go ahead and log in. Cash outs use this method and are also quite slow. Most about the same amount of time more or less. The main advantage here is its safety and dependability.