Bank Wire Transfer Casinos

What Is A Bank Wire Transfer Payment System?

Most casinos in Australia have accepted this option as their payment method for deposits and withdrawals. This article will discuss many bank wire transfer casinos in Australia. The article will explain what bank wire transfer is, its pros and cons, how to deposit and withdraw funds using the service, history of bank wire transfers, among other things. Read on for more information.
The payment system is a method of sending money electronically whereby banks exchange information instead of physical cash. CHAPS, Federal Reserve Wire Network, and the SWIFT network are some networks that enable bank transactions. The term transfer wise is derived from the fact that banks complete these using telegraphic wires.
They come in two types; domestic and international. Domestic wire involves transactions between two banks in the same country, while international wire transfer involves transactions between two institutions.

Domestic Wire Transfer

This refers to any wire transfer in two different banks in the same country. They can either be inter-bank. When sending money, you must have a unique code or the branch number of the recipient. Generally, the transaction is processed on the same initiation day, and they can be received on the other end a few hours after processing. The reason behind this quick transfer is that the transfers go through a domestic automated clearinghouse.

International Wire Transfer

These transfers are initiated in one country and settled in a different one. When sending money, you must use the international wire even when sending to a recipient with an account in the same institution like you. The payments require a SWIFT code or routing. International money wires are usually delivered within two business days. However, it might be necessary to wait for an extra day for the international wires to clear a domestic ACH plus its foreign equivalent.

How To Deposit Money Into The Casino Using A Bank Wire

It is quite simple. You need to have your bank account details and the amount you wish to deposit. You can directly do this on the official website of the particular casino or via mobile banking on your smartphone device when you are using a mobile casino to play. The basic steps of depositing funds using bank wire transfer are listed below.

1. Launch your online casino account, click on the cashier option, and select deposit;
2. Click on wire transfer to choose it as your payment method;
3. Input the amount you wish to transfer and the required banking details. Remember that different casinos have different minimum deposit limits;
4. Enter the code or password sent to you via SMS. This is necessary for security check, and it is by your bank;
5. Await your funds to reflect on your account. You can only start playing when they become available, which might take a few working days.

How To Withdraw Winnings

Using the bank to withdraw funds from your casino account is a straightforward process. All you need to complete the withdrawal is to consider all the conditions set by the particular at the best Australian online casino. This includes the minimum amount required to keep your account active and the maximum withdrawal amount your casino can authorize at a go. Follow the procedure below to complete an online casino withdrawal to a bank account.

1. Launch your casino account, open the cashier section, and click on withdrawal.
2. Click on wire transfer to choose it as your withdrawal method.
3. Enter the amount you wish to withdraw and fill in the required details.
4. Cross-check the banking details to ensure they are correct and agree on the prompted banking fees, which are usually very low.
5. Click on withdraw to have the withdrawn amount deposited into your bank account. You may have to wait for a few days as the casino and bank processes your transaction.

Advantages Of Using Bank Wire Transfer Cards

1. Quick; setting up and initiating this only takes a few minutes. In Australia, transfers are usually processed on the same day, depending on when you submit your withdrawal request. International transfers can take from two to three days.
2. No delay for cleared funds; you do not have to wait for days for the funds to get cleared to claim and use them. This means that there is no bank hold imposed on money received using the bank.
3. Safe compared to using a cheque; this option has fewer fraud risks compared to a cheque since you must have sufficient funds in your account to carry on with a transaction. On the other hand, cheques can bounce, plus they can take several weeks to discover that the payment was bad.

Disadvantages Of Using Bank Cards

1. Hard to cancel; typically, it is hard to cancel a transaction once the money is sent due to the measures put in place by the money providers. They only allow you to cancel international transfers under certain conditions.
2. It is hard to verify the recipient; it is hard to follow up if you send money to a stranger using a wire transfer. Anyone with a fake ID can collect the money, and it is very hard to track them.
3. Mortgage wire scams; hackers can target closing costs, down payments, and other wires to the title company. For this reason, always verify the destination of the money using your phone, especially when you receive wire instructions on your email.

Play Bank Wire Casinos For Real Money

In Australia, you can use wire transfers in casinos such as Play Croco, Axe Casino, and National Casino. By doing this, you must select this option to deposit, and it is easy to set up. Besides, you can use cards too to deposit or withdraw funds.
In Australia, there is an option for loading money into your casino account using a bank wire transfer called instant casino, which completes funds' transfers within seconds. Using the service entails a certain fee, so it is always necessary to confirm with your casino operator and bank. The instant transfer is quite ideal when paying out your winnings from your casino account. You can contact customer support if you are unsure how to go about it, and they will assist you in conducting the process and having your money withdrawn.

Bank Wire Transfer Casino Bonuses

Using a bank wire means you can deposit funds without going to the bank. This way, you can play your favourite pokies without having to wait. After providing the casino with your banking details, you have allowed it to transfer funds into your account instantly. Instead of waiting to get the money on your online casino Australia real money site, you do this in seconds.
Players who use this option as their primary banking method in their casinos usually enjoy a lot of bonuses, rewards, and promotions offered by the operator. Some gambling platforms even include some perks for using bank wire to increase players' interest. For this reason, you should always read the terms and conditions of the various gambling sites before claiming their offers.
Some of the most popular casinos in Australia are:

• FairGo casino. It is one of Australia's best online casinos with bank wire transfer options. It grants you a bonus of up to $1000, depending on your deposit amount. Besides, it keeps your data safe and allows you to choose between different banking methods for deposits and withdrawals.
• King Billy casino. King Billy is a top wire transfer casino that offers the most inviting bonuses to newcomers. Besides, the site has more than 500 games and the highest payout percentage in Australia.
• Uptown Pokies casino. It is known to have the biggest pokies selection, and it allows you up to 350 spins when you sign up. Besides, there are continuous random bonuses when you turn to its returning player.

History Of Bank Wire Transfer

The use of wires dates back to the 19th century when the Western Union first introduced it in the 1870s. Western Union would use a telegraph network to transact wire transfers whereby the sender would bring the funds to the Western Union's telegraph office. The operator would send a message and wire the money to the indicated location. Some security measures were implemented to ensure that the funds find their target recipient. For example, the involved parties were required to use codes and passwords.
By 1877, the service had been used to make at least $2.5 million transfers annually. The earliest bank wire transactions used the telegraph networks to make transactions; hence it was named telegraphic transfer. The term is still used today in some countries. Today, wire transfers happen in different methods, far beyond telegraph wires. However, despite the wire transfer method used, there must be a sender, recipient, and entity to facilitate the transfer.
You may require the following items to initiate a wire transfer with your bank:

• Name of the recipient;
• Account number of the recipient;
• Routing number of the recipient;
• Amount of money to be sent.

FAQ for Bank Wire Transfer Casinos in Australia