Bank Wire Transfer Casinos USA

In the world of electronic payment methods, not many players rely on bank wire transfers. But those that do, do it because of their dependability, security, and high transaction limits. And although bank wire transfers are not as widespread as some other payment methods, they still hold their ground in online casinos because of their strengths.

Moreover, if every other method fails, bank wire transfers are there to save the day. That’s why we scoured the best online casino platforms for US players to find those that support bank wire transfers for deposits, withdrawals, or both.

What is Bank Wire Transfer?

A bank wire transfer is the perfect option for players looking to cut out the middleman and directly move funds between two banks – in this case, the player’s bank and the casino’s bank. There is no physical money exchanged, and the transfer is entirely optimized electronically between the two consenting parties.

This payment method is entirely secure—some would argue it’s the most secure payment option for casino players. Since there are no third parties to follow the transaction, it’s less likely that something will go wrong.

We especially recommend bank wire transfers to high rollers since this payment method is known for its high maximum limits. However, it also comes with high minimum limits, so be aware if you’re not particularly keen on spending more.

Background

Interestingly, bank wire transfers first appeared in the 19th century, more specifically in 1872, when the service was launched by Western Union. Naturally, the first wire transfers looked entirely different than what we know today, classified by passwords, code books, and physical transfers from one location to another.

Today, banks use IBAN, BIC, SWIFT, Fedwire, and similar secure systems to transfer money electronically between two banks. Note that most banks collect fees from the sender, and in some cases, from the recipient as well. In the US, those fees can range from $0 to $25, depending on the parties and bank-specific rules.

How to Use Bank Wire Transfers at Legal US Online Casinos

Sending a bank wire transfer to your casino account is nothing complicated. All you need to do is add your bank’s routing number and personal account number to your casino account. The next step is for the casino to confirm the information, and once that’s set, you can make your first deposit.

The withdrawal process is no different, so make sure you have the correct information and patience since these transactions typically take longer than those via other payment methods.

Setting Up an Account

There’s no need to set up an additional account to use bank wire transfers when depositing and withdrawing online funds. You can use your existing bank account and a new or old casino account and simply connect the two by sharing your personal account information. Once that’s set, you’re all good.

Online Casino Deposits with Bank Wire Transfers

We’d argue that bank wire transfers are probably one of the easiest payment methods to use when depositing. Here’s how to manage it:

1. Log into your online casino account.
2. Go to the Banking/Payments section.
3. Opt for the Wire Transfer option.
4. Provide your banking account number and routing number.
5. Wait for the approval to go through.
6. Enter the deposit amount you want to upload. Note the minimum limits.
7. Get ready to play games as soon as it’s approved.

Online Casino Withdrawals with Bank Wire Transfers

Similarly, bank wire withdrawals have no complications. However, players should note that they take much longer than with any other online payment method, from at least 3 up to 7 business days.

Here’s how to request a bank wire withdrawal:

1. Open the Banking/Cashier section on your casino account.
2. Choose Wire Transfer.
3. Enter the amount you want to redeem – make sure you comply with the minimum and maximum limits.
4. Enter your bank details (ex. bank account number, SWIFT number and/or IBAN number).
5. Click on Withdraw and wait for the bank to process it.

Things to Keep in Mind When Using Bank Wire Transfers at Legal US Sites

As we already mentioned, bank wire transfers do not come without a few glitches in terms of times and transaction limits, as well as fees. Here’s what you should know about using bank wire transfers at an online casino.

Transaction Limits

The best thing about bank wire transfers, aside from their dependability, is their high limits. Any player will confirm that wire transfers are the perfect banking option for high rollers looking to withdraw large sums of money.

Many legal US casinos casinos don’t even have a maximum limit. For instance, at DraftKings, no maximum limits apply. At the same time, minimum limits are as high as $2,500 at Caesars Casino online.

Likewise, minimum deposits also have quite high limits. For example, Wheel of Fortune does not allow wire deposits of less than $1,000. DraftKings has a lower minimum threshold of just $100, while Caesars holds the same minimum deposit limit as for withdrawals.

Ultimately, you can count on limitless maximum withdrawal limits at almost all regulated online casinos in the US, which is a big plus. While minimum deposit limits depend on the casino itself, most of them keep the high standard that goes with the bank wire transfer reputation.

Transaction Fees

On the negative side, transaction fees associated with bank wire transfers can be quite high. Some banks will charge a fixed fee (for example, $100 per transaction), while others will impose a percentage fee (for example, 5% per transaction).

Ultimately, it all depends on the bank itself and the casino in question. However, bank wire transfers are known to have high transaction fees due to direct contact between the two banks and high levels of security. Note that some casinos waive the fees and, for example, let players withdraw once per 90 days without imposing any additional expenses. Be sure to double-check with the casino itself before making a withdrawal.

Deposit and Withdrawal Times

Another less-than-ideal side of bank wire transfers are the timeframes associated with deposits and withdrawals. While many players opt for e-wallets because of their instantaneous deposit times, other players do not mind the wait of up to three business days for their wire deposits to go through.

The same goes for withdrawals – the high withdrawal sums are more than serious, so it’s best to double-check every transaction and make it go smoothly. Due to those reasons, withdrawal times know to last up to 7 business days. However, more common waiting times for withdrawals are 3-5 business days.

Why Use Bank Wire Transfers at United States Online Casinos

With plenty of available modern banking methods that allow seamless and fee-free transactions, you might be wondering about the appeal of bank wire transfers. Well, here’s what players have to weigh in on when opting for this option.

Advantages

• High security optimization
• No third parties involved
• High or non-existing maximum withdrawal limits
• Easy to use
• Widely available

Disadvantages

• High minimum deposit limits
• Long transaction times
• Higher fees

FAQs