The truth is that this practice is becoming more and more unlikely thanks to fast-changing banking solutions that make wire transfers look like a relic of a bygone age.
Yet, there are still many bank transfer casinos that offer this traditional deposit method, and you can find a list of them on this page. Casino Universe wants to guide you to the safest wire transfer casino possible, which is why we have dedicated filters and reviews that will point you in the right direction.
Read on to find out more.
To understand the popularity of bank transfer casinos today, we should first take a look at how bank, or wire, transfers entered the mainstream and why they were so popular with banking customers.
The term "wire transfer" dates back to the 19th century when a bank operator would receive money from a sender and transmit a message, commonly known as a "wire," via telegraph to authorize the release of funds to a recipient in another city.
For customers this was an incredible concept: someone living over a thousand miles away could now receive money into their bank account thanks to your instructions.
Western Union, a prominent US company, established a near-monopoly in the industry in the 1940s and 50s. However, the decline of telegraph services led to SWIFT around 20 years later: this is a system that we still use today, which is a secure way of sending funds over distance.
Note: While we now live in a technologically advanced era, the transfer process hasn't changed much, although it's now largely automated. Despite the rise of thousands of online options, it remains the preferred payment method for many customers due to its high level of security and the fact that established banking institutions operate it.
As we become more used to more modern banking options, however, there's a real chance that the use of wire transfers will decline massively over the coming years. This may see a reduction in bank transfer online casinos as more and more gambling sites opt for digital banking solutions instead.
When we look at payment methods, security is often at the forefront of our minds. The good news is that bank transfers have earned a reputation for being one of the safest ways to send money, often backed by guarantees provided by many banks.
In the event of human error leading to incorrect details, either the funds remain untouched in the sender's account or, if already withdrawn, they are promptly returned upon detection of the error.
One of the other big advantages of bank transfers is their widespread international availability, enabling users to send money to nearly any country, whether to individual bank accounts or businesses. Even in countries with a history of poor safety records, international banking regulations generally safeguard such transactions.
Yet, we should also consider some drawbacks. The emergence of more modern payment methods has made instant transactions more common. This has resulted in negative publicity for traditional bank transfers, with some customers questioning why it takes days to complete.
Bank transfers can also be expensive. In some countries, fees can be up to 10% of the transaction amount, which can lead to excessive costs. This is why it's always a good idea to review your bank's terms and conditions prior to initiating a wire transfer to avoid unexpected fees.
Despite these downsides, however, bank transfers continue to enjoy a positive reputation of being a secure and reliable payment method, including sending money to bank transfer casino sites.
So, let's say you've opened a new casino account and you want to make an online casino instant bank transfer. How do you go about it?
Well, fortunately sending funds to casinos that accept bank transfer is a simple process, which just requires a few steps.
The first thing you should do is head to the cashier section of the wire transfer casino and choose 'bank transfer' from the list of deposit methods.
Enter your bank details next. You may have to provide your online banking login details here.
Next, enter the deposit amount you'd like to send across. Make sure you double-check this amount (as well as the banking info) to ensure everything goes smoothly.
Finally, confirm the transaction.
Note: As we mentioned earlier, bank transfers usually take longer to process compared to instant payment methods. Thus don't be alarmed if the funds don't immediately appear in your casino account.
If they're not there within 24 hours, however, then it might be a good idea to contact your bank to make sure the money has left your account.
You may also be wondering how to make an online casino wire transfer withdrawal. This is often possible, although it often comes down to the casino's payment policies. If you are able to do this, then the withdrawal process is almost the same as above, except the funds go the other way and you do it via the 'withdrawal' section of the casino.
Remember that withdrawals can take a matter of days to reach your account via bank transfer and there may be extra fees involved.
Casino Universe has collected a selection of bank transfer online casinos on this page, but you may want to know how to pinpoint the very best option possible.
One easy way is to simply check out the reputation of each site which you can see just below its name. We recommend you start with those with a 'Perfect' (five stars) reputation, followed by 'Very Good' (four stars) and possibly 'Good' (three stars). Anything less than that is probably not worth your time.
You can also make use of this page's filters to narrow the selection down to bank transfer casinos with certain characteristics. Here are some examples:
Mobile-friendly bank transfer casinos: Most casinos with bank transfer are mobile-friendly but you can eliminate those who aren't with this filter.
Live roulette sites: Find a wire transfer casino with live roulette here.
Withdrawal limit: Toggle the withdrawal limit to your liking with this filter.
Casino game type: Want to play video poker or blackjack? Find the instant bank transfer casino that has them with this tool.
Once you have identified your preferred casino, the final step is to delve into the detailed information provided in each casino's info box. You'll find all the essential details you need to know before signing up here, including a detailed review of the casino.