Jenna james | July 29, 2022 | Updated on: August 24th, 2022
A bank wire, also known as the bank transfer or wire transfer is broadly used for casino banking. It can be defined as transferring cash electronically from the sender’s bank account to the receiver’s bank account. Bank wire transfers are fast, secure, and reliable and are used by most Australian real money casino sites. We recommend the best online casinos that accept this method and explain how it works.
Bank wire transfer is 100% safe and secure in Australia. Aussies who want to wire their money to someone must open a bank account. It is impossible to make an anonymous bank wire in Australia.
An Australian player who wants to send money through bank wire will need to have the SWIFT code, the name of the receiving bank, the name of the receiver and his/her account number. An Aussie sender also needs the address of the recipient’s bank and the postal address of the receiving person or company.
How to Deposit Using Bank Wire
To use bank wire as a casino banking method, Australian players must use the following steps:
Sign up at an online casino site that offers bank wire as a banking option.
Players must have a bank account.
To start using bank wire, AU players should log in to their casino gaming accounts and register bank wire as their preferred payment method.
Then collect the online casino’s banking data. This significant information can be obtained through the casino’s customer support system.
The best casinos offer its clients 24/7 customer support through live chat, email, and phone; so, players shouldn’t find it hard to get hold of the online casino’s banking details.
Players then visit their bank and request it to start bank wire for them. They should provide vital details such as the receiving bank’s SWIFT number and name.
Punters then contact their casino’s customer support system and request to manually add the amount into their accounts.
How to Withdraw Using Bank Wire
Most online casino websites offer bank wire not only as a deposit option, but also as a withdrawal method. Even if casino players do not spot bank wire in the list of withdrawal options at their casino cashier, they can contact the casinos customer care and find out how they can make a withdrawal using bank wire.
Head to the cashier
When you’re ready to withdraw from your account, go to the cashier section at the casino and select ‘withdrawal’.
Select Wire Transfer
Choose wire transfer as your preferred withdrawal method and enter the amount you would like to withdraw. There will be a detail to fill out the first time.
Check your details
Check to make sure that your banking details are correct and agree to the banking fees that will be listed to you.
Withdraw your funds
Click withdraw, then it will take a couple of days for the casino and bank to process the transaction. You can then enjoy your obtained funds!
Bank Wire Transfer Pros and Cons
The Pros
Low transaction fees
No special accounts needed to be opened
High security for transactions
Most online casino sites accept wire transfers
It is very simple to use
The Cons
Many USA banks do not accept payments to casinos online
It is not the fastest online banking method
Some casino players may not want to use their bank account for gambling purposes
Why Use Wire Transfers at Online Casinos?
The most common reason that players have for using wire transfers at online gambling sites is the level of security that is provided by directly going between two banking accounts. Since bank transfers don’t require any special accounts, they are more user-friendly. Another benefit is they are an option at almost all web casinos, so an easy choice for real money casino players who don’t have cards or e-wallets.
FAQs About Bank Wire Transfer
Should one use wire transfers to fund an online casino account?
Whether you should depend on your goals when transferring money. If you would like to play directly, then there are faster ways to deposit.
What’s the benefit of using bank wire transfers?
The main advantage is that wire transfers are available for anyone to use to make payments. They don’t require credit checks or for you to provide any personal details and are so relatively simple to make.
Will the bank I use allow a casino online deposit?
Some banks may request direct payments from your bank account to online casino sites, which will put a stop to your account until you talk to your customer service.
Are other banking options preferred?
There are other ways to make casino payments that are secure, though faster, and quite cheaper. For instance, a lot of e-wallets don’t require you to enter personal details.
Are wire transfers safe to use?
Yes. Making bank wire transfers is one of the safest ways to pay online.
Will one have to pay any fees for using wire transfers?
Making wire transfers to pay for online gambling sites can incur huge processing fees, depending on your bank.
