2.70

Bank transfer, which is also known under the terms “wire transfer” or “credit transfer” is a widely used method of electronic money transfer from one person to another, or to a certain entity. Bank transfers are made from one one bank account to another or using a cash transfer at a cash office.

Overview

If you are interested in bank wire deposits, then you should take a look at our page. Actually, this payment method has both positive and negative sides, simply because it is one of the oldest ones used to transfer money. In case you need a simple explanation what bank wire transfers are, you need to have in mind that this type of payment method represents an electronic transfer of money from one bank account to another bank account.

Unfortunately, wire transfers are slowly but steadily losing their popularity, due to the newer and safer, to some extent, debit/credit cards, eWallets, special payment software and many more financial products that people keen on gambling might use.


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Normally, different wire transfer operators and systems offer a great variety of options to their customers in order to meet their personal needs and requirements when it comes to money transfers. The options also vary in correspondence to the value, volume and cost of transactions.

Bank transfer can be initiated by customers via phone banking, online banking, mailing a payment form to the sending bank or by simply visiting the bank and filling in a payment form in person. The main and most important feature of wire transfers is that they are initiated of the customer, which is why the payment is “pushed” to the seller’s (provider’s) bank account.

However, it is important for you to know that an order does not necessarily mean a payment, because the latter must come as a result of the customers’ instructions to their banks. Once a payment is made, it cannot be reversed. The only option for a customer to get back what they have paid, is to ask the merchant for a refund of the transaction.

Bank Transfer

Bank Transfer Procedure

The wire transfer itself is carried out in several steps. First, the customer or entity wishing to make a bank transfer must order the bank to transfer a certain amount of money. Both IBAN and BIC codes are provided in order for the bank to be informed where the money needs to be sent.

Then, the bank that is to send the money, uses a special secure system in order send a message to the receiving bank in order to make it effect payment according to the instructions sent. Settlement instructions are also sent in the message.

In addition, the money transfer is not carried out instantly. It may take several hours or days to be moved from one account to another. In addition, a so-called reciprocal account must be held by the banks. The payment must be sent with such an account.

Not only the recipient of the wire transfer gets a certain amount of money – banks also collect payments for the service.

Bank Transfer Procedure

Using Bank Transfer to Make a Casino Deposit

If you have sent any money via wire transfer at least once in your life, then you will not have any problems with funding your casino account because the process is the same. What you need to do is to contact your bank and let them know the amount you want to transfer.

Keep in mind that in most cases there are some fees that need to be paid. Actually, that is what the process takes – in a couple of hours you will find out that the money is available in your account.

And since we have already mentioned fees and negative sides of wire transfers, here is the biggest one. However, as mentioned above, this type of payment is losing its popularity primarily due to the fact that bank wire transfers are extremely expensive, especially when compared to other methods. The fees are individual for each bank, but it will cost you somewhere between $10 and $40 to top up your account.

Wire Transfer

Advantages of Bank Transfer

However, do not think that there are no positive things about wire transfers. First of all – it is really safe. All you have to do is to have a bank account. The next thing is to make sure that you have chosen a reliable online casino. If you have completed those the steps, then there is nothing to worry about. Bank transfers are also extremely fast – usually between 8 and 10 business hours, so if you are lucky, you might be able to start gambling at the same day.

Another great thing about this payment method is the fact that everyone can use it, no matter of their location. Most online casinos all over the world accept bank wires, so you will not have to look for a special group of sites that can meet your needs.

It is up to you to decide whether you are prepared to spend a few dollars more knowing that your money is safe and it will get into your account as soon as possible, or prefer to spend less for the transfer and wait longer for the money to arrive. You can also take a look at some of the other articles we have written on online casinos and the various payment methods they accept.

Disadvantages of Bank Transfer

No matter of the great number of advantages that are typical for bank transfer, there are some disadvantages, too. As mentioned above, the bank transfer is normally initiated by the customer. In addition, it is more frequently used by people who do not own a credit card or at least do not want to use it when making a distance sale payment over the Internet.

One of the greatest disadvantages of wire transfers comes for the seller, because it is important for you to know that the order of a money transfer is not only a completed transaction. Another serious drawback is the fact that there are potential delays until the payment process is finalized.

In addition, a certain payment could not be finalized by the customer, because the latter is required to contact the bank to compete the payment. Unfortunately, such an action could not be guaranteed.

Bank Transfer Advantage

Fees

Bank transfers are charged in a different way. Some wire transfers are more expensive than others, not to mention the fact that international transfers are usually more costly. Larger fees are normally charged when it comes to outgoing transfers, while the incoming ones are less expensive.

Conclusion

In spite of all of its advantages, which make it highly preferable for a great number of customers, bank transfers have been recently losing their previous glory. They are pushed aside by much modern payment methods, especially when it comes to online payments. This is primarily due to the fact that more and more users are attracted by the swift and secure online payment systems that guarantee not only successful money transfers, but also come less expensive.

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FAQs

Bank transfer is an electronic banking method that makes it possible for a person or entity to transfer money to another person or entity. These transfers are made from one bank account to another.

You can initiate a bank transfer by utilizing phone banking, online banking clients, email payment form or by visiting a bank and filling a payment form yourself. Whichever option you choose you always push the payment to another bank account.

When compared to credit or debit cards and e-wallet services, bank transfer comes off as ancient and outdated, so it is not that popular anymore.

First off, you need to order a bank transfer from the bank and specify the money amount, followed by providing IBAN and BIC codes so that the bank can know where to send your cash. After this, the bank will communicate with the recipient’s bank before sending the money once it’s all settled.

Unfortunately, no, and the recipient often has to wait a few hours before the cash reaches their bank account.

Yes it does, as both the sender’s and the recipient’s banks will collect certain payments for providing their services. These may vary from bank to bank, but don’t expect them to be cheap. Keep in mind that international transactions will be immensely expensive.

No, you can’t. If you need your money back, you can only ask the recipient to kindly get it back.

Yes, before making any money transactions you will have to contact the casino staff and ask for their IBAN (International Bank Account Number) and SWIFT codes.

You need to instruct your bank to transfer the funds from your bank account to the online casino account

In most cases, you will have to wait 3 to 5 business days before being able to play your favorite games.

Yes, because some casinos will offer reload bonuses for those who make such deposits.

Yes, but it all depends on the venue, so it’s best to check with their customer support first

Recent Comments

32 Comments

LCB logo

User reviews marked with this logo are syndicated from LCB.org

  1. Adam Sa

    LCB Usersays:
    2.0 / 5

    There generally different types of bank transfer available, the instant transfer which usually connects to your banking app to debit funds instantly is the option I would recommend over traditional bank transfer which can take several days to process, instant transfer is an easy option and is similar to using a debit card if connecting to your mobile banking app

  2. Chris K

    LCB Usersays:
    0.9 / 5
    terrible

    Even if you are one of the 10 richest kings of Europe, I can never see a reason to use a bank transfer, or collectively known as a wire transfer. You may be stuck, having to accept one as a payout option from a casino, but brace yourself for the slowest possible way that money can ever travel. As if waiting what feels like an eternity isn’t bad enough, you will pay dearly for the privilege. I do not and could not recommend this method for deposit or withdrawal unless you have literally no other option.

  3. Ryan McCart

    LCB Usersays:
    2.0 / 5
    dislike

    Takes way too long to initiate a wire transfer for it to be considered even a remotely viable option in my opinion. By the time it goes through I would probably forget about it. I didn’t think I would ever even really want to try using a wire transfer because it’s not like I would want to wait a week or more in some cases.

  4. Ryan McCart

    LCB Usersays:
    2.0 / 5
    dislike

    Takes way too long to initiate a wire transfer for it to be considered even a remotely viable option in my opinion. By the time it goes through I would probably forget about it.

  5. drgabber

    LCB Usersays:
    2.5 / 5
    average

    This has to be the worst deposit method of them all. I don’t imagine that there’s a person who deposits via wire transfer and waits several days for the amount to be credited. It’s a different story if used as a withdrawal option, especially if the casino is using BLINK or instant transfers that arrive within the same day.

  6. CheeseLoser777

    LCB Usersays:
    terrible

    No thank you! Don’t require me to sign in to my bank account so you can verify I have the funds, then tell me my transaction has processed. All that to wait several days before actually processing the transaction and removing fees from my account. Seems like a great way to end up overdrafting and winning lots of extra fees!!!!!! Crypto is instant. (at least at some places)

  7. Jari0417

    LCB Usersays:

    I tried to withdraw from Lincoln casino once using this method and it took so long that I cancelled it and ended up using Bitcoin

  8. jay.king

    LCB Usersays:
    2.1 / 5
    average

    This is one of the least favorable ways to deposit into a casino because of the high fees also getting a withdrawal this way is not too bad it takes about two to three days but the fees are not the best and I’m not really liking it where I could get my withdraw in crypto in minutes

  9. Tyler Ginder

    LCB Usersays:
    1.3 / 5

    Bank wire transfers I only use on certain platforms for a few reasons, if your already verified a withdrawal usually takes 3 days, however for me I use Coinbase for my crypto, I have the option to purchase using my bank but in doing so it places a hold up to 2 weeks until you can use it, for that reason alone I use debit or credit to purchase on the same account because it doesn’t have such restrictions. Aside from that, it sends it and takes straight from your account no card needed.

  10. xander cage

    LCB Usersays:
    0.7 / 5
    dislike

    this is one of my least liked methods to deposit in my casino account. one typo and you night deposit in wrong account. it is much longer than other methods. withdrawals may take even more time than a deposit. the fees are also more substantial than most other deposit methods.

  11. russhartranft

    LCB Usersays:
    1.3 / 5

    I would not recommend this option for my online gambling because they’re too slow. Deposits can take days, and withdrawals even longer. Unless you are making large deposits, i dont think it really makes much sense to do. With the fees along with the time it takes to do. i would use another method.

  12. sarahlamb84

    LCB Usersays:

    Very high fees using this method and not a lot of casinos accept. Super slots, wild, bet online and high roller casinos all take this deposit method but my big issue is that it took a few weeks to come out of my bank account and by then the deposit was a distant memory so I didn’t expect to leave my bank account when it did. I’m an avid crypto deposit supporter now just because of how straight forward it is

  13. Dayyzzed

    LCB Usersays:
    0.6 / 5
    dislike

    I would not recommend this option. I don’t see why you would ever consider bank wire transfers unless you absolutely had to . If you have other options please use them because it’s so unsafe with the transfer. You could send your money or be deposited to the wrong bank account if you don’t have the wire transfer fourm exact which happens alot . I had this problem trying to get a wire transfer I ended up never receiving My money

  14. Steels (Steels)

    LCB Usersays:
    2.3 / 5
    dislike

    Bank wire transfers are reliable but painfully slow. Deposits can take days, and withdrawals even longer. Not ideal for fast-paced gaming or urgent cashouts. In 2025, it just feels outdated compared to crypto or instant e-wallets.

  15. marcos2012

    LCB Usersays:
    2.1 / 5
    average

    Bank transfers have lost a lot of ground among players when it comes to preferences and payment methods. There are many other fast methods such as Neteller, Skrill and also the popular cryptocurrencies.

  16. mablackservices

    LCB Usersays:
    0.9 / 5
    terrible

    don’t use Bank Wire Transfers for my online gambling because they’re too slow and clunky. Waiting days for deposits to clear and handling extra fees disrupts my betting flow, making it hard to catch fast-paced opportunities. I need seamless, instant transfers to stay in the action.

  17. Suitemup87

    LCB Usersays:
    1.5 / 5
    dislike

    These things typically take a very long time and have a high fee associated with them. Also, they usually have a higher minimum withdrawal amount. Basically, if you can do it some other way I would suggest that you do just that

  18. Trillzzzofskillzzz

    LCB Usersays:
    1.2 / 5
    dislike

    Of all the ways to deposit funds into my casino account, this has to be one of the least preferred ways that I can think of. Not only do I dislike involving banks more than I have to, but there’s also many other ways that I find to be easier, faster and more reliable. I would discourage anyone from using this method

  19. cboyce585

    LCB Usersays:
    3.1 / 5

    I think bank transfers are not for the average person. Unless your making large deposits, i dont think it really makes much sense. These transactions tend to cost more and take longer to complete. The few times i have used them, i found the process to be complicated and irritating. I would not use this option unless you really know what your doing.

  20. Cyberluck13

    LCB Usersays:
    3.4 / 5

    I’ve been using bank wire transfers for my online casino transactions, and it has its pros and cons. On the positive side, I appreciate the security and reliability of transferring funds directly from my bank. However, the downside is that it can take a few days for deposits to reflect, which can be frustrating when I’m eager to play. I also worry about potential fees. Overall, it’s a safe option, but I prefer quicker methods for instant access to my funds!

  21. Rodfather

    LCB Usersays:
    terrible

    Honestly what a joke of a option. If you attempt this because in your mind it’s your only option, you clearly haven’t looked much into those options. Pay a ridiculous high fee for instant wires and you don’t even get that choice on your first one. If people ever consider using this to me it’s seems like you’re better off just not. Spend a little more time looking at other options before wasting your time and money with this.

  22. WesleyTyrrell102

    LCB Usersays:
    0.7 / 5

    this is my least favorite method of deposit. it takes a long time and is always met with a time consuming issue once recieved. I would advise another deposiyt method

  23. Atomnic111

    LCB Usersays:
    1.7 / 5

    I just don’t see caah transfers being a safe option. Sure, the casinos will happily accept your money for deposit, mostly without adding a fee, then will sit on your cash transfer withdrawals, deny them altogether, lie about having paid them, or will pay with a large fee and a long wait time.

  24. mead0wlea

    LCB Usersays:
    0.2 / 5
    terrible

    Bank write transfer is not supported in my bank for some reason, not sure but it has never worked for me when making deposits. I have used it to make withdrawals but it can take days and even a while week. Don’t recommend

  25. KrystianKrzak507

    LCB Usersays:
    dislike

    I don’t like this method of withdrawing and withdrawing. Entering IBAN SWIFT BIC account numbers confuses me and I never know which one to enter where, domestic or foreign. And the waiting time is completely discouraging.

  26. Quickwitted

    LCB Usersays:
    0.6 / 5
    dislike

    This would be one of the worst deposit methods to use for a myriad of reasons! The ones that stand out would be the length of time it takes to process completely, hefty fees associated with a deposit/withdrawal and personally would I be comfortable to expose my personal information just for a deposit? Other methods on the other hand are more safer ways to be honest.

  27. Ranjit Ghosh

    says:

    Thank you.

  28. Melcb

    LCB Usersays:
    3.2 / 5

    Handy for big withdrawals but hate the high fees. Only worth withdrawing $500 and over

  29. Gladys R

    says:

    I don’t think that Bank Transfer is the best payment method. Nowadays, there is a big variety of methods which offer a better and faster service. For me the only advantage of Bank Transfer is the fact that you can make bigger deposits and withdrawals. Other than that I don’t really think that this payment method has other advantages.

  30. Kenny

    says:

    Bank Transfer is a fast and easy way to make deposits and withdrawals any time you like. I know a lot of people who have been using this payment methods for years and they have no complaints. I am a big fan of Bank Transfer too, mainly because it is very easy to use. You don’t have to worry about the fees either because they are small.

  31. Jeremy Greaves

    says:

    I personally don’t like Bank Transfer. I consider payment methods like Paypal, Atropay, Ukash and others more reliable. It is always a big challenge to make deposits and withdrawals when you use Bank Transfer. I can recommend you this method only in case you are planning to withdraw large amounts of money or make big deposits.

  32. Cortez Kinney

    says:

    I find Bank Transfer reliable and effective. This payment method is great for small and large transfers. Making deposits and withdrawals is incredibly easy. In case you are just getting started with online casinos, you can use this payment method. Bank Transfer is definitely one of the easiest ways to make payments. I’ve been using it for years and I am very happy.

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