Wire transfers is the movement of money from one area to the next. This is the earliest method of withdrawal in casino history and the first method of electronic banking in the world.
How wire transfers work in the world of gambling is simple. This enables you to move money from your bank account into your casino bankroll. It is known as a wire transfer because it goes back to its inception as a wire transfer instructions were done through the telegraph method.
But of course wire transfers these days are just electronic transfers. There is no need for a third-party service, it will just be you and your casino site. Other people know this as a credit transfer. However, the popular banking method is up against UIGEA.
Wire Transfers like any other option this will require banking fee. The general transaction time will depend on the bank you are using. The time and the fee are only associated with the bank you use. And the details differ from one bank or not.
Online Casino Wire Transfer Withdrawal – Advantages
With all the other banking methods available, you want to know why you should use wire transfer? Well for starters this transaction is instant. The payment happens immediately, or rather “in real-time”. That means you are very likely to receive it immediately or within 3 days. It rarely happens that it takes up to 3 days.
The period spent is only so your bank can find your account and transfer it to you. Another great advantage is how there is no requirement for credit card banking details.
Disadvantages to using Wire Transfers
Like anything in life, there are pros and cons. Regarding Wire Transfers, the problem is that the banking transaction fees are a bit higher than the most. While nobody likes to spend money, sometimes spending money on something like safety and convenience is worth it, especially while gambling where you stand a chance to win your own money.
Online Casino Wire Transfer – How to Deposit and Withdraw
Convinced on you the wire transfer and now you want to start making deposits and withdrawals? When you arrive at your chosen online casino, the first thing you need to do is register a casino site. After that, you will have to choose a banki g method. Most casinos for real money require you to get this step out of the way before you start playing.
Most casinos don’t allow you to claim a welcome bonus without a deposit. Therefor you have to deposit a certain amount before you can start. To start depositing you need to
Sign in and register
Decide the amount of money you want to deposit
Transfer your money from your account to a casino account
Transfer money and wait till it reflects
How to Withdraw
Making withdrawals is also very much the same. Here is the easy step by step way to withdraw funds from a casino.
Access your casino’s cashier.
Pick the withdrawal option
Fill in your personal details
Enter the amount of money you want to withdraw, the wagering requirements will stipulate how much you need.