If you are looking for assistance with using bank wire for online gambling, you found the right page. We have done our research and found the best bookmakers who accept this type of payment method and you can find them in the table below.
These are some of the best online betting sites that we can find, so you should check out their reviews and if any free bet offers are available.
Friendly Bank Wire Bookies Which Accept It
|Bookmaker||Founded||Jurisdiction||Bonus||Min. Bet||Max. Bet||Grade||Review|
|1999||United Kingdom||-||£2||No max||
* T&C’s apply. Click on Bet now to view the offer!
Even though it’s not a regularly used term, bank wire means that money is being transferred from one account to another.
Quite a while ago, this was a popular and fast method for money transfer, but that was before the debit cards were introduced. Thanks to online banking, people could do all of the tasks themselves and didn’t have to phone the bank.
Now, the bank transfers have become obsolete and are replaced by the debit cards which are a much faster way of transferring money. The processing time is usually around five days which isn’t ideal as punters would like to have the funds available instantly after they make a deposit so that they can start betting. Unfortunately, you won’t be able to do that before the money is transferred to your account. There is a “fast bank transfers” system, which guarantees you that the funds will come in no more than two hours, which is a huge improvement over the standard waiting times.
Using Bank Wire at Betting Sites
If you want to use this type of payment method for online gambling, you will need to have access to online banking or call your bank to set this up. There is no option to deposit or withdraw the money directly from the bookmaker’s site. However, if you use online banking, the process is fairly simple.
You will have to provide some financial information like your bookmaker’s account name, number and the account code that it uses. Another thing you should look for is your gambling account number because you are going to need a reference number for your bookmaker so that they know in which account the money should go to.
After you have logged into your online banking section, find the place where you can make a new transfer, but keep in mind that all banking systems are different and make sure to find the correct section before proceeding. After you have found it, follow the instructions and if you’re the information about your bookie. You will also receive a code by text message or a call from the bank and you will have to enter it when doing a payment. This is a security measure so that no one can get into your account and start making payments from your behalf.
Then, all you have to do is enter the amount that you wish to transfer and choose the nearest date possible. They you will be given information about how long it will take for the money to reach its destination. When the cash reaches your bookie, the sum will be instantly added to your account. Some transfers take no more than 24 hours, even though the suggested time is longer.
Bank Wire Online Security
The security in a bank wire transfer is very high, which is always a huge positive. The main reason for that is because the bank is responsible for that and it has one of the best security systems out there. Of course, this depends on the bank that you use, but most of the times the security will be much stronger than the one on the bookmaker’s site.
When it comes to online banking, it is very difficult for anyone to steal money from your account unless you fall for a “phishing” scam and give up your username and password. You think that you are in your bank’s website, but you are actually not, and you enter your details without knowing that.
If you are aware of those sites and keep things safe, only you have the details to access your bank account, thus making payments to other merchants like bookmakers is very secure.
Everything happens on your bank’s website, not on bookies’ side of things, but you have to provide the account number and sort code of the bookmaker, plus your reference number. The banking systems use SSL encryption so that your data is kept safe from any attempts of fraud.
Bank Wire History
Bank wire transfers were around before the online banking systems made their impact and you could always call your bank if you wanted to transfer money to a merchant or company. Sometimes, the bank required you to be there physically in order to set up the money transfer.
Nowadays, thanks to the internet, online banking allows you to do everything from the comfort of your own home. All you have to do is go to the bank’s website and follow some simple instructions.
Debit cards are slowly starting to make bank transfers obsolete because the money gets transferred instantly and the result is the same as if you were doing it directly from your bank account, except for the waiting time.
Bank Wire Associated Fees
Despite bank wire transfers being fairly slow, it’s unlikely that you will be charged any fees, even though some websites may charge you with a small amount for withdrawals.