Regardless of the online casino you're eyeing, it must be a site that offers instant bank transfer as an option for deposits and withdrawals; that is, unless it is a crypto-only online casino. Basically, all online casino operators ensure to provide it to their players as an option because it is one of the most convenient solutions, in terms of country availability and speed. This is a solution that is offered all across the globe and as implied by its name, completes transactions instantaneously, so it is more than obvious why it is one of the players' first choices when it comes to choosing their default payment solution across online casinos. What is instant wire transfer and why select it as your banking method at an online casino?
About Instant Wire Transfer
Even if no other payment method would work for you when you access the Banking page of your online casino account, you can rest assured that you’ll be able to quickly start using instant wire transfer as your payment solution. This is the go-to option whenever there’s a lack of other suitable options, or simply, whenever you don’t want to bother going with more modern solutions, when you can easily use your existing bank account to make a transaction.
That’s basically its strongest suit, the convenience it offers to online casino players. Whichever casino you decide to join, you’ll see that it offers the solution, and that’s another advantage you get with it: unrivaled availability across the online gambling industry. But what is instant wire transfer and why decide to use it?
Well, at its core, it is a solution that enables the wiring of money from one bank account to another. So, in order to be eligible to use it, you must have an active bank account first and foremost, and then have your online banking profile set up. As long as you do, you can sit back and relax knowing that this is a solution you will be eligible to use, regardless of your country, since it processes both local and international transactions. You can send and receive money with this solution to and from any bank, in any country in the world, through wire networks that connect all banks in the world, like SWIFT (Society of Worldwide Interbank Financial Telecommunication), CHIPS (Clearing House Interbank Payments System) or the Federal Reserve Wire Network, to name a few.
Now, its niche is, of course, the transaction speed. The word “instant” in its name is not used in vain; it literally tells you that your transaction will be instantly processed, and that’s mainly because no third parties are involved in the processing of the transaction. There’s a slight difference based on whether the transaction is local or international, with the former really processed instantly, while the latter in a few hours to a day or two, but essentially, this is a solution that will deliver the transaction in the fastest way possible, compared to other bank-related solutions.
It goes without saying that instant wire transfer is also one of the most secure solutions out there, considering it leverages your bank's security system, and it is no secret that banks implement some of the toughest measures possible. Therefore, if anything were to go wrong with your transaction, your bank would fully refund your money; but that happening is highly unlikely, considering all your transactions with it are heavily encrypted, meaning protected from any interferences and cyber-attacks.
Now that you know how safe your money will be with it, how easy to make and fast your transaction will be, as long as you have an active bank account, it is time you learn how to get started with it, to eventually start using it across the countless of online casinos that offer it. Continue reading, as we’ll cover that next.
Getting Started with It
The first thing to do is double-check whether you have an active bank account; if no, run and open one, if yes, make sure you have your online banking profile set up. Assuming you’re ready and you have your profile up and running, it’s time to learn how to get started with it.
Breathe, as you won’t need to go through any registration procedure; as long as you have a bank account (and online banking profile up) with any bank in the world, you are equipped to start using it right away. To use it to send money, for deposits in our case, all you'd need to do is look for a casino that accepts instant wire transfer and select it as your deposit option. Log into your online banking profile and with that, you'll initiate the transfer by entering your full name, address, bank account number, and SWIFT code. You'll need the casino's IBAN here, too, meaning the recipient’s International Bank Account Number, if you’ve joined an offshore casino, meaning an operator that’s based out of your country’s borders.
Make sure all the details you’ve entered are correct and proceed to confirm your transaction. The two banks, yours and the operator’s will communicate and ensure that, through the SWIFT network, the money is safely sent and received.
Just as a side note, you can use the solution even if you don’t have or don’t want to have an online banking profile. You’d need to provide the same details that we just described to initiate the transfer, but you can do all that by visiting your bank physically instead. It is easier with the online option, of course, especially for you as an online casino player, so assuming you have an online banking profile, you’ll make a deposit within seconds. On that note, let’s go over the actual depositing procedure next, before we cover the withdrawals procedure.
How to Deposit at Online Casinos with Instant Wire Transfer?
We mentioned earlier that instant wire transfer is an option across many online casinos, most of them really. Its accessibility is astonishing, considering all operators are willing to offer it as an alternative to players who don’t have profiles with modern solutions like eWallets, or simply want to stick to their bank accounts when making online casino transactions. And since this method connects all banks from across the globe and their users, it is simply irresistible for both operators and players.
Therefore, all you’d need to do is go over a few potential candidates and then make a careful choice of the site you wish to join. Register an account with it and to make a deposit with an instant wire transfer, go through these steps:
Locate the Banking/Cashier page at your chosen casino’s official website.
Find the Deposits section and locate the Instant wire transfer’s logo.
You will be redirected to a new page where you need to log into your online banking profile.
Enter the bank account details as explained before, and the amount you wish to transfer.
Confirm your transaction and your funds will instantly reach your online casino balance.
A reminder: if the transaction is international, it won’t be instant, but won’t take long to arrive either; it will be delivered in a few hours or a day or two.
How to Withdraw Winnings with It?
Not only are withdrawals with instant wire transfer an option, but the solution is actually among players’ first choices. Thanks to the convenience, security, and accessibility, players choose it over any other when it comes to cashing out winnings.
The procedure is fairly easy and similar to the one for depositing. As soon as you select the solution as your withdrawal method, enter the amount you want to cash out and wait for the casino to approve it. The money won’t arrive instantly like with deposits, regardless of whether local or international, but it will arrive safely, in a matter of days.
Fees and Limits
There’s no going around the fees that come with instant wire transfer if the transaction is international, but if it is local, you should know that fees rarely apply.
International transfers come with fees charged on both the sender’s and the recipient’s bank part or either, and the amount charged would be at the banks’ discretion, so make sure you get in touch with your bank to figure out how much your deposits/withdrawals across online casinos with the solution would actually cost you.
Allowed Countries
No country restrictions apply with instant wire transfer. The solution is truly global and connects all banks around the world, so regardless of where you’re from, you certainly use it.
The only restriction you might come across would be the one related to online gambling transactions; some banks decide not to process them. So, before you decide on it as your deposit/withdrawal method, make sure you double-check with your bank to see whether it processes transactions to and from online casino sites.
Accepted Currencies
By default, since it is offered globally and connects banks from all across the world, it is more than obvious that all of the currencies used in the world are an option when transaction with instant wire transfer.
Whether you’d like to use the euro, the UK pound, the Canadian or US dollar, you will be able to; what’s more, if you managed to find a casino that supports your native currency, you’ll even skip paying conversion fees!
Instant Wire Transfer Casinos
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Is it possible to receive a withdrawal with the solution instantly?
Even if somehow the banks manage to communicate and process the transaction instantly, you’d still need to go through a waiting period with your chosen casino. Most online casinos take 24 to 48 hours before they approve the withdrawal, so you’d still need to wait a few days before you receive your money.
Is it mandatory to share bank account details with the operator when depositing with an instant wire transfer?
You are not sharing your bank account details with the operator directly, but you’re redirected to your online banking profile through safe passages where you need to use your credentials to access your funds and make a deposit. It is mandatory to share them upon withdrawals, though.
How do fees range when using instant wire transfer across online casino sites?
The fees, depending on the amount sent, range from $5 to $10 or even $50; you’d still need to contact your bank to know the exact amount, but considering all the perks you get when using it, we can say the fee will be affordable.
Do I need to download an app to use instant wire transfer at an online casino?
If you want to, you can download your bank’s app, but this is not mandatory. You don’t really need an app to request a deposit or withdrawal with the solution at an online casino.
How many online casinos approximately offer the solution?
As said, the solution is offered basically at any casino you’re eyeing, unless it is a crypto-only casino. You can rest assured that you’ll have more than enough options to consider.
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