A bank transfer (also wire transfer) is an electronic payment method used to transfer money from one person to another. Financial institutions like banks can make bank transfers. There are a number of options here. Users can either send money through bank accounts or they can transfer money at cash offices.
Each wire transfer operator or system provides a wide range of options. It is up to customers to pick up the one that they find most appealing and convenient.
How it works
Every person who wishes to make a bank transfer needs to go to the bank. They need to provide the BIC or IBAN codes of the account to which money has to be transferred.
Next, a message from the sending bank is transmitted to the receiving bank with a request to make a payment to the particular account according to the instructions provided.
Specifications
It may take a few hours to days for the money to be moved into the receiver’s account.
Normally, there are fees for bank transfers and they depend on several factors such as whether you made the payment online or at the bank and whether the sender’s and recipient’s accounts belong to one and the same bank.
Creating account / purchasing card
You can open a bank account in any bank. Before you head for the nearest bank, however, you need to sit and think. Choosing a bank is not an easy task. You have to look for security, proximity, friendliness, reputation and convenience. Once you pick up a bank, you can either open a bank account in person or contact them on the phone/via Internet. The latter can save you a lot of trouble but it can take longer. On the other hand, if you go to the bank, all your questions will be answered immediately (compared to waiting for two business days to receive an email).
You will need to fill in some forms and blanks and sign papers. Just follow the instructions given by the bank clerks.
Making a payment with a bank transfer
First make sure you know the name of the bank you have to send the money to. You are going to need the name of the recipient, their bank account number, the ABA routing number and the amount of money to send.
You also need the payee’s BIC (Bank Identifier Code) and IBAN (International Banking Account Number) code.
In the bank, you will have to fill in a transfer form. Furthermore, you can have your own online banking account where you can control your expenditures and make payments. To set up your own electronic banking account, contact your bank for further information.
Withdrawing money
If you have a bank account, you can withdraw money any time you want. You just need to go to your bank and ask for money withdrawal.
Advantages of using a bank transfer
Secure payment method: bank transfer services are offered only by reliable companies.
Once executed, the payment is final.
You can pay bills using bank transfers in an easy and safe way. If you use online banking, the process if even faster and saves you waiting in line in the bank.
All Casinos accepting Bank wire transfer
Warning!
We are only showing Play Roulette with Bank Transfer for OHIO! Toggle knob to see for all countries!
Oh snap! There are no casinos shown for this country.