We only used bank wire at an online casino once, and that was to write this guide. It doesn’t make us an expert when it comes to using bank wire at US online casinos.
We did however pick up a few things along the way you might find interesting. One of the major advantages of using bank wire to cash out your funds is that it’s 100% safe.
Instead of using Bitcoin to cash out our wins at Wild Casino, we used wire transfer which cost us $45. Not a biggie since we won $600 playing Tiger’s Luck Hold & Win.
The first time we played the casino game online we won more than $90K. That was the free slots version. Anyhow, the minimum withdrawal using wire transfer at Wild Casino is $500.
As you can see, we just made the minimum withdrawal for bank wire. It took 3 days before the money showed up in our account. Frustratingly, they charged us a 3% fee for the payout.
Can you see why we prefer to use Bitcoin, and other fast payout cryptocurrencies at online casinos that welcome Americans?
Each payment option currently available to US players has its pros and cons. Bank transfer is not as bad as we initially anticipated, but it still has a few cons. The following section takes a look at the pros as well as the cons of wire transfer.
Few online casinos in the USA accept it as a casino deposit method. Yet, there are a few that still do. This section gives you an overview of how to use it.
We had to contact our bank to get an IBAN and BIC codes. The nice thing about them is that we can use them for future transactions.
We already had an account at Wild Casino that made it easy to test bank wire transfers. You can only use bank wire once you sign up at the online casino.
Wild Casino contacted our bank with the BIC codes and the IBAN we gave them. The secure system they used was SWIFT which takes a few hours for the payment to clear.
Deposit: Once you log in visit the Cashier and choose “Bank Wire Transfer”.
Decide on the amount: Key in the amount you want to deposit. You can also claim a bonus while you’re at the Cashier. Slot in the bonus code and check the bonus terms.
Transfer Fees for Wire: Online casinos usually don’t charge fees for deposits, but banks do.
Since we already verified our account the withdrawal period was significantly quicker for us. Verify your account after you sign up since that speeds up your payment.
Cashing out: Visit the Banking page and choose “Withdrawal”, thereafter, click on “Bank Wire Transfer”.
Verify your withdrawal: Once you’ve put in a withdrawal request. It takes up to 24 hours before the casino verifies your account. Only then can they begin to process your payment.
Bonus terms: If you play with a bonus don’t violate any bonus terms. The online casino will confiscate the bonus and associated wins if you do.
Receive your money: It takes 5-10 business days for the money to hit your account.
When it comes to using “ETFs” or bank wire transfers at online casinos fees and payout times are important. Compared to other casino gambling sites, Wild Casino’s fees for withdrawals are moderate.
Yes, we still had to fork out $45 which is expensive. Some sites will slap you with a bank fee of up to $100 and permit one payment per month.
The ETA for withdrawals ranges from 5-10 days. There are online casinos that will drag their feet to pay you. Make sure you check the payout times before you register a real money account.
✅ Pro tip: You can speed up the withdrawal period for wire transfer by sending them all your KYC docs. Online wire transfer casinos verify your account within 24-48 hours.
The top online casinos in the US that accept wire is Wild Casino.ag, PayDay Casino, and MYB Casino. They offer you a cocktail of casino games which include slots, table games, video poker, and scratch card games.
Moreover, you can play live blackjack, or roulette at their live dealer casinos. Wild Casino for example has more than 56 live tables with bets up to $20,000 per hand.
If you experience any problems hop onto Wild Casino’s live chat. Justin their live chat support agent is on the ball and he’s eager to help.
Do they offer progressive jackpot slots? Yes, they do, you can try your luck with Rags to Witches one of our favorites.
Just remember, the online casinos include jackpot wins in their withdrawal limits. Wild Casino pays jackpot wins through bank wire in installments of up to $25,000.
It’s a convenient method as far as safety goes but the buck pretty much stops there. As residents of Ohio, it took 3 days before we received our money.
Not to mention the bank fees of $45 we had to pay and a 3% fee for the payout. Only use bank wire if you have to because Bitcoin is way better. Besides, it’s free and you can cash out anything from $2,500 up to $100K within 1-24 hours.
There are online casinos that charge up to $100 to transfer your funds via wire. Moreover, withdrawals clear within 5-10 days and in some cases up to 30 days.
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Mark Taylor: Expert in Online Casino Reviews
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