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There are many online casinos available, but is it legal to use them? For Americans, the answer is complicated. In 2006, the Unlawful Internet Gambling Enforcement Act was passed. This doesn’t make it illegal to gamble online, but it’s illegal for American banks to handle online gambling transactions. When you're deciding on a deposit method to use at an online casino, American Express is an option you can't go far wrong with. One of the leading card providers the world over, AMEX guarantees.
If you still consider yourself to be a sceptic of making transactions via the internet by using credit/debit cards or e-wallets, Bank Wire can provide you with a great alternative to electronic payment options. Want to know more? Just read our guide and then head over to one of the Bank Wire Online Casinos in our list to hit the Blackjack table or give that Slots game you’ve been just aching to play a go!
Finding a Bank Wire Casino to Play At
Unlike various other payment methods, Bank Wire is accepted by a the vast majority of online casinos meaning that the discerning, Bank Wire loving player will find a plethora of Bank Wire Online Casinos at his or her disposal when it comes to choosing his iGaming home. Moreover, in our ongoing quest to make sure that our players get the best and nothing but the best, our dedicated team of CasinoTop10 experienced players-turned-casino experts have done all the dirty work so you don’t have to and put only the best casinos on our site for you to peruse and choose once you've gone through our Bank Wire Online Casinos Review. So why not take a gander at all the sites in our ‘Supported Bank Wire Online Casinos’ list above and get back to us with your choice. We can guarantee you won’t be disappointed!
What is Bank Wire?
A Bank wire transfer (sometimes referred to as a credit transfer) is a way by which to transfer funds from one entity to another – or from a player to a casino and vice versa. Wire transfers may be executed through your local bank or a specialized cash office and offer online casino users one of the simplest methods by which to bank, which is what makes them so popular and appealing to players everywhere. It is important for users to note that while wire transfers may be among the safest and easiest option in terms of transferring funds, these come with bank charges and/or fees attached (albeit relatively reasonable ones).These fees vary according to your chosen bank or cash office and it is very important that you always go through the relevant terms and conditions with a fine tooth comb - our Bank Wire Online Casinos Review will help guide you.
Large amounts of money can be transferred making it an excellent option for high rollers;
Many casinos on the web offer better incentives and casino bonuses to players who use this payment option;
Is one of the safest methods you can use at an online casino.
How to Deposit at Online Casinos Using Bank Wire
1) Sign up to a casino which accepts Bank Wire
In order to use Bank Wire to send your funds to an online casino, you have to sign up to a Bank Wire Online Casino in the first place. Have a look at our comprehensive list of ranked and reviewed casinos above to choose one that suits your needs.
2) Gather all the information you need
Once you’ve chosen an online casino to play at and you’ve registered, it’s time to gather all the information you need to transfer your bankroll to the casino. Typically you’ll need the casino’s IBAN, BIC or SWIFT code, the correct address of the casino’s bank along with the address of the casino itself. Moreover, you’ll also need to provide your own banking details to complete the Bank Wire transfer.
3) Order a Bank Wire Transfer
Now that you’ve gathered all the information you need, it’s time to contact your bank to fill in the forms. Normally, people who tend to use Bank Wire to transfer money to their online casino account will opt to go to the bank and ask for a form to fill out. However, some people prefer to phone the bank and ask if they have an online form to fill in before stepping out of the house instead.
TIP:Each bank charges different fees for making a bank transfer. Typically, fees can range from $10 to $50. So always be sure to ask about the fees involved prior to requesting a bank transfer.
4) Wait for the Money to be available in your account
Once you’ve submitted your order for a Bank Wire to be carried out, you’ll then have to wait for your bank to approve the transfer. This might take just a few hours. However, it can also take days due to the fact that banks normally have differing protocols to follow for them to process such transactions. So, our experts would recommend performing the transaction early on during the week rather than at the weekend as the probability is that it will take longer for you to play your favorite casino game for real money!
In any case, no matter when you decide to play, the amount you’ve decided to transfer will be made available in your online casino account as soon as it’s been approved.
Bank Wire Withdrawals
1) Log into Your Casino account
In order to make a withdrawal from an online casino, the first thing you’ll have to do is log into your online casino account and visit the cashier. Select ‘Bank Wire Withdrawal’, then enter your name, bank address, home address as well as your IBAN and SWIFT code.
2) Decide on the amount You’d like to Withdraw
Next simply decide how much money you’d like to withdraw from your Bank Wire Casino account and simply enter it in the form. Always remember that you’ll need to meet the online casino’s wagering requirements before you’re allowed to make a withdrawal. So always be sure to read up on the online casino’s terms and conditions before you actually sign up.
3) Click Withdraw
Next, all you need to do is click on the ‘Withdraw’ button. Withdrawals from Bank Wire Online Casinos will typically take 5 to 7 business days. However, this depends on the casino and the bank you’re using to make a withdrawal.
Bank Wire Safety & Security
Bank Wire is extremely secure due to the fact that no third party is involved; transactions take place between the casino and your bank of choice. Besides, banks use top-notch security and encryption technologies. The underlying beauty of Bank Wire Online Casinos is ultimately the fact that the transfer of funds remains exclusively between two bank accounts meaning that the vitally important privacy of the senders and receivers remains protected. Due to the fact that SWIFT number codes are provided in order for each party to receive payments, more privacy and security are added to this form of money transfer than almost any other out there.
Transfer Times for money to arrive at your chosen Bank Wire Casino
When comparing Bank Wire to other banking methods popular with online casinos, transfer time may be a bit of an issue for both logistical as well as practical reasons. Transactions by wire transfer may take a little longer to process but just how long does ultimately lie in the hands of the intermediary bank itself and the chosen casino. The reality is that however reliable and top notch your bank is, players should allow for a transfer time of anything between three and seven working days. Having said this, it is worth noting that wire transferring is almost always quicker than traditional bank-to-bank fund transferring; this is due to the way in which banks communicate with one another when processing Bank Wire transactions and for want of a better word, good, old-fashioned bureaucracy tends to act as a bit of a stumbling block to getting things done faster.
Customer Support when using Bank Wire
Gaining customer assistance is certainly no problem when it comes to wire transfers. Ultimately, because this is a method of payment which is conducted through your local bank, any assistance which you may or may not require is attained by contacting a representative at your local bank. The same may be said of Bank Wire transactions conducted through a cash office; if you need any help, all you have to do is physically ask! Don't forget to read our Bank Wire Online Casinos Review before you get started though!
Advantages of Using Bank Wire
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Most Casinos accept Bank Wire
Due to its popularity, accessibility is a non-issue as all major casinos tend to find that they have to accommodate this method. Bank Wire is also used in the vast majority of countries in the world.
Bank Wire is Both Safe & Secure
One of the reasons that many people around the globe love using Bank Wire in order to transfer their funds to and from online casinos is the safety and security of the system. Since the transfer is done through the bank, there are no third parties involved. Hence, it is less likely for information to be stolen and fraud to occur.
Large Amounts of Money Can Be Transferred
Bank Wire is a method which particularly suits high-rollers as players who deposit large sums of money may typically avoid high transfer fees by using this payment method.
Disadvantages of Using Bank Wire
Expensive
Bank Wires can be quite expensive in comparison with bank drafts and direct transfers between debit cards.
Transfer Time Takes Longer than E-Wallets & Cards
Something else which people do tend to complain about, but to a much lesser extent, is the physical waiting time needed to effect a payment via Bank Wire. Provided that all the information given is accurate a transfer will typically be affected in 3 to 5 days.
Cannot always be done from Home
Unless the bank you use has an online form to fill in, bank transfers cannot be done from the comfort of your own home. With that being said, you must leave the house in order to be able to make a transfer meaning that one may spend an inordinate amount of travel time to get to their chosen provider, one must also make allowances for queues once he or she arrives at their destination as due to the nature of Bank Wire, it is quite normal to wait for more than half an hour to submit your own payment. Moreover, there can be occasional cases of technical difficulties (but the latter is true of any online banking service).
Cannot be processed in batches
Bank Wires are performed in real-time and cannot be processed in batch, so it can be inconvenient for businesses which support recurring payments.
Am I eligible for a casino bonus when using Bank Wire?Yes, when playing at any of the Bank Wire Online Casinos in our list, you’re definitely eligible for an online casino bonus. Although you can get a great bonus from the site itself, the bonuses at CasinoTop10 provide you with that bit extra!
Is Bank Wire Safe?Yes, Bank Wire is amongst the safest payment options to use because it’s only done using the bank.
Are the fees associated with Bank Wire?Yes, you’ll have to pay some sort of fee when using Bank Wire. Fees associated with outgoing transfers tend to be larger than those associated with incoming ones. Fees also depend on where you live.
Are there any good alternatives to Bank Wire?If you’re unable to use Bank Wire or the waiting time has put you off using the system, there are other alternatives we’re happy to recommend. Provided that you're looking for an offline alternative, you might just want to try transferring your bankroll via Western Union at one of the Western Union Casinos on this page. In regards to credit cards, you have plenty to choose from. Some of the well-reputed credit cards in the business include Visa, Mastercard and American Express. On the other hand, if you’d rather use an e-wallet for the extra layer of security we highly urge you to use PayPal, Neteller or Skrill to transfer your funds instead.
Bank Wire is Best!
Unless transfer times are a major issue for you, we do suggest that you give due consideration to Bank Wire Online Casinos as your foolproof payment method of choice. Apart from the fact that Bank Wire Online Casinos are as safe as they come, one cannot ignore the fact that there are a vast array of online casinos which offer the Bank Wire method as a banking option because of its global popularity and reach, meaning that players using this method have an endless range of online establishments to choose from. Furthermore (and maybe most importantly), high-rollers will find Bank Wire Online Casinos particularly suited to their needs because of the large sums of funds which they are able to transfer through this method and the relatively low transfer fees involved when using Bank Wire Transfers for large transfers. So give Bank Wire Transfers a try; it’s a safe, highly accessible option which has remained as popular as any.
As an online gambler, casino banking options are one of the first things you’re bound to look at. You need to be able to see which currencies are accepted, how you will be able to pay and whether your payment method of choice is supported. There are a number of payment options accepted by most online casinos as well as currencies supported. We shall take a look into some of the most popular options now.
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POPULAR CASINO BANKING OPTIONS WHEN MAKING PAYMENTS
This is one of the most taboo topics online gamblers face; how to deposit money into their account. Some may feel comfortable giving out their credit card details online, whereas others may have reservations regarding their personal information. This is where you need to know what types of methods are supported in order to fund your casino account. The three genres of payment methods available can be broken down as follows:
Credit or Debit Card Payments
This is one of the favourites amongst many online players. This does not require you to start a new account as you can merely use your already existing credit or debit card details, which many see as the easy step to take. Supported forms of this payment method are as follows:
- Maestro
- Amex or American Express
eWallet/eMoney Options
An eWallet, or eMoney service, gives you the option of transferring your money through the internet without having to give any of your banking details away online. For obvious reasons, many players truly appreciate the anonymity of this kind of service and it is a popular choice across the board for most. There is a vast array of eWallets available however the most popular (and supported) options amongst online casinos are as follows:
- NetEller
- EcoCard (Now known as EcoPayz)
- Skrill
- iDeal
Bank Wire Transfer Casino Payments/ EFT Casino Payments
This is another widely popular method of payment amongst online casino players. This casino payment method allows you to deposit money into your casino account directly from your bank account, as you would when paying anything else directly via an EFT. It is very understandable to see why people enjoy this option and hence why most online casinos support this method of payment. Players may also be able to use eChecks at some online casinos.
VARIOUS CASINO WITHDRAWAL OPTIONS
In the same right, there is also a plethora of different withdrawal methods available for all to make use of when playing at online casinos. However, before discussing those, there is a topic which all gamblers need to be aware of.
Online Casino Withdrawal Limit
A withdrawal limit is something you will more often than not run into with most online casinos. This is a system which allows you to only withdraw a certain amount from your casino account either on a weekly or monthly basis. Be sure to take a look at the casino’s withdrawal limits before you get a surprise when trying to withdraw the millions you managed to make.
Various Online Casino Withdrawal Options
| FINANCIAL INSTITUTION | EWALLET | CARD OPTION |
| BANK WIRE TRANSFER | – | – |
| MEASTRO | YES | |
| MASTERCARD | YES | |
| PAYPAL | YES | |
| NETELLER | YES | |
| VISA DEBIT | YES | |
| PAYSAFE CARD | YES | |
| SKRILL 1-TAP | YES | |
| VISA ELECTRON | YES |
GENERAL SAFETY AND SECURITY TIPS FOR BANKING AT ONLINE CAISNOS
Banking through any online casino can be a harrowing experience. Your casino banking options may be limited, only giving you a handful of unsafe selections. Casino Australia have put together a short list of tips for all to follow when banking at their online casino of choice:
- Always keep your information safe
- Be sure that whatever online casino you choose to play at has 128 bit encryption – this is a stock standard security measure at all FSPs
- If using a certain eWallet, be sure that the casino of your choice supports the eWallet you have chosen.
Furthermore, if the casino you are taking a look at does not carry the eCOGRA stamp of approval, this is not an institution you wish to get involved with. eCOGRA is an institution which independently audits online casinos and makes certain that their gameplay is fair, their customer service is top notch and all other various areas of the casino are above board. Be sure to follow the above tips and you shall be ready to play securely in no time!
Find These Options for Casino Banking at Some of the Best Online Casinos
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Banking with any Australian online casino is simple and easy, with many different options for every player to choose from. If safety is your concern, you have no need to worry, as you’ll be provided with the safest and most secure banking options for both placing deposits and receiving withdrawals. These online casinos are regulated and licensed by known establishments; therefore, they are perfect for the Australian player that likes to have fun while earning real money.
Casino Australia Online Banking Options
Best Online Casinos For Americans
Create an account on the Neteller website and deposit funds safely from your bank account into your Neteller account. Once the money has been deposited into your Neteller account, use the balance to play to your heart’s desire online. Click here to learn more about Neteller.
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PayPal: Link your PayPal account to your bank account, debit or credit card and make deposits and withdrawals easily and safely. Learn more about PayPal and online casinos here.
Poli: Poli is a service that is unique only to Australia and involves downloading Poli software and providing your bank details in the most secure, protected way. Click here to learn more about the Poli payment method.
Ukash: Ukash is a way to turn cash into electronic money. When you purchase a Ukash voucher, the unique voucher code can be used to spend at your favourite online casino. Click here for more information on Ukash.
Paysafeis similar to Ukash, except it is a card that can be bought at an outlet near you with different denominations of cash up to AU$100. Use your card online with your 16-digit pin and there will be no need to part with personal or bank card details. Learn more about paysafe.
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Mastercard & Visa: This form of payment is popular and extremely accessible in the world of online casinos. Learn more about the Mastercard and Visa payment option with online casinos by clicking here.