Instant Wire Transfer Online Casinos

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Introduction

Looking for online casinos to potentially join, you will notice one payment solution being offered across most if not all of them, instant wire transfer. That's because this solution is offered globally, and a great option for players, regardless of their country of residence. International online casino operators make sure they offer it to their customers, so that they can, in the lack of local options, use it for smooth and quick deposits and withdrawals, regardless of their native currency. Transactions with it are, as its name implies, instant and this only further contributes to its popularity across top online casino sites. So, if interested in using it yourself, continue reading to figure out how. What is instant wire transfer and why decide to select it as your payment method at an online casino?

About Instant Wire Transfer

Regardless of your country of residence, when you join an online casino and you see no local payment methods to use for your deposits and withdrawals, there’s one solution that you can certainly use that is certainly offered, and that’s instant wire transfer. This solution is offered across most, if not all, online casinos precisely for those reasons, its global availability and impressive processing times, both greatly attractive attributes that are appreciated across the online gambling industry by players and operators alike.

But there’s another thing online casino players appreciate when it comes to it, the fact that they don’t have to go through any new registrations, as they only need an existing bank account to start using it. While we’ll get more into that soon, for now, it is important to know that it runs through wire networks that connect banks from all across the globe, hence its unrivaled availability and accessibility.

At its core, it is a normal wire transfer, but one that makes sure transactions are instant. As long as you have an active bank account, with it, you can send both national and international transactions thanks to the wire networks it runs through, like CHIPS (Clearing House Interbank Payments System), SWIFT (Society of Worldwide Interbank Financial Telecommunication) or the Federal Reserve Wire Network, to give you a few examples.

The secret behind its prompt transactions is that no intermediary services are involved in the processing. One bank initiates the process, and through the wire network, the other one confirms it and receives it; as simple as that. Sure, local transactions are really processed instantly, but international won't take long either, as they, too, arrive in no time at the designated destination. So, with it, you can rest assured that compared to other bank-related methods, your transactions will be the fastest.

Not to mention the safest! Considering the transfer is done from one bank to another, the banks' security systems are in place, and these are, as you know, industry-leading, heavily encrypted measures that everyone can rely on since even if something goes wrong with the transaction, you are fully refunded.

Enough said for its integrity, safety, and convenience. It's time to check out how to get started with it and use it to get the smoothest deposits and withdrawals across the countless online casinos that offer it.

How to Start Using Instant Wire Transfer?

The one thing you need to make sure you have is, of course, an existing, active bank account. That, and an active online banking profile. If that’s checked, you’re good to go. If not, you should hop to the nearest bank to your location, open a bank account, and get your online banking credentials. This should be fairly easy, since opening a bank account, with any bank, is done in just a few simple steps, by providing basic personal details and showing an ID.

As we mentioned previously, you won’t need to go through a new registration procedure to start using instant wire transfer. You just need to select it as your payment method at your chosen casino and then log into your online banking profile as you normally do. To initiate the transfer, you'd need to enter your first and last name, home address, bank account, and SWIFT code. Next, you’ll need to look for, if not pre-entered upon depositing, the casino’s IBAN. This is the International Bank Account Number, the number that helps banks and wire networks recognize the recipient’s bank account. If not pre-entered, make sure you contact the casino’s Support team to get this number, as it is essential for the transaction to succeed.

The minute you enter all of these details, and you confirm the transfer, your bank and the casino’s will communicate and through the SWIFT network, ensure the transaction is safely processed and, respectively, received.

We should mention here that it is possible to initiate the transfer even if you don’t have an online banking profile. You’d still need to go through the same steps and provide the same information, but after you physically visit your bank. The online version, of course, is easier, especially when it comes to online casino deposits and withdrawals, but you do have the offline option, too. Speaking of, let’s see now how the depositing and withdrawing procedures with this solution would go at an actual online casino, as explained in the next section.

Depositing and Withdrawing with the Solution

eWallets and other modern methods may have become preferred across the industry, however, efficient bank-related methods like instant wire transfer are still not out; far from it actually. You will see that you’ll find this solution offered across the greatest online casino sites, many of which are reviewed here at WCD, for your convenience. So, the first thing you need to do is pick out a few candidates, check their reviews, and make a list of sites you’d want to join.

After you carefully go through your candidate list and decide on the site to eventually join, register an account with it. The minute your registered player profile is ready, you are ready, too, to make your first deposit with an instant wire transfer. Just follow these simple steps:

1. Log into your registered player profile and locate the Payment Methods/Cashier page.
2. In the section that reads Deposits, look for Instant Wire Transfer.
3. Select it and you’ll instantly be redirected to a new safe page, where you need to use your credentials to log in to your online banking profile.
4. Enter the needed banking details as we explained earlier and specify the amount you want to transfer.
5. Confirm the transfer and watch the funds arriving on your balance instantly.

Side note: Chances are you've joined a casino based offshore, and in that case, the transfer is international. This means that the transaction may not be instant but take a few hours or so, and in that case, you'd need to wait a bit before the funds arrive and you are good to start playing your favorite games.

The interesting thing about this solution is that it is players’ preferred option when it comes to withdrawals. They choose it over any other solution thanks to the fact that with it, their withdrawals are not only safe and easy to request, but will arrive directly to their bank account in no time.

To request a cashout, you’d need to go through the same steps as described just now, only this time, your IBAN will be necessary, so make sure you have it or visit your bank to get it. In a few days, after the operator approves your request, the funds will safely arrive in your bank account.

Coverage and Restrictions

No coverage restrictions apply to this solution. Instant wire transfer connects all banks in the world via wire networks, so you can rest assured that regardless of your country of residence and your bank, you'll be able to use it.

Keep in mind the online gambling restrictions, though. If your country does not allow online gambling, then any bank-related solution, this one included, won’t be an option.

Fees and Additional Charges

You should expect fees whenever you're transacting with this solution. Fees for local transfers are sometimes not charged, but when charged, they are quite symbolic. On the other hand, fees for international transfers are charged always and greatly depend on the banks involved.

Therefore, before you request a transfer with it, make sure you get in touch with your bank’s representatives to discover exactly how high the fees are.

Accepted Currencies

Given the fact it is a global solution that connects banks and users from all across the world, it goes without saying that your native currency will be an option with instant wire transfer.

Whether that currency is the Canadian dollar, the euro, the Swiss franc or the UK pound, for instance, you can rest assured that all currencies are options with this payment method.

Customer Support

When it comes to getting Customer Support, you should know that you’ll have two options. One, if you’re having trouble with the depositing/withdrawing steps with this solution, you better contact the casino’s Support representatives. They should be able to guide you through the steps, since they are greatly trained in exactly that, assisting players with anything.

Two, you can get in touch with a representative at your bank, especially if you don’t know your IBAN number, you wish to know more about the fees or your transaction has failed, of course.

Conclusion

Instant wire transfer is certainly an option to consider using, especially if you're playing at a casino based outside your country of residence. It is an excellent means to use for swift and safe transactions to and from anywhere across the world, in any currency. It is the top option to use in the lack of local solutions, as it will provide you with effortless deposits and withdrawals.

FAQs

Is there an official website to explore to know more about instant wire transfer?

No, not really. Considering this is a service offered by banks globally via wire networks, if you wish to know more about it, visit your bank’s official website and you’ll surely find information on it. Since it is not a standalone product, it does not come with an official website.

Do I need to download any apps to start using instant wire transfer?

No, not necessarily. You could download your bank’s app and get quicker access to your online banking profile, and you could download your casino’s app, if there’s any, but these are not mandatory to have in order to use instant wire transfer.

Is the solution popular across online casinos?

It may not be as popular as regular wire transfer, but it is still an option offered across many online casinos. You’ll surely find at least a dozen great casinos to check out that offer it, so you’ll definitely get a choice when selecting a casino to join.

How big are the fees when depositing with an instant wire transfer at an online casino?

We said that fees depend on the banks involved, but also on the amount being sent/received. Smaller amounts go with fees from $5 to $10, for instance, but bigger amounts come with fees that start at $50.

Can withdrawals with it be instant?

No really, no. Even if the banks involved manage to process the transaction instantly after the operator gives the approval, the operator still takes 24 to 48 hours to process the withdrawal request and finally approve it. So, the 24 to 48 hours wait is necessary anyway.