Bank transfers, also commonly referred to as wire transfers or bank wires, represent one of the most popular options for making real money deposits at betting sites. When using a bank transfer, you’ll need nothing more than a membership with an online betting site and a savings or checking account. Bank transfers are known for exceptional security, low fees and fast turnaround times.
Bank Transfers Betting Online Countries Accepted
Unlike many e-wallet services and prepaid deposit cards, bank transfers are available in virtually all countries of the world. This makes bank transfers ideal for real money betting from the United States, where many online betting deposits are canceled by financial institutions before they arrive at the online betting site.Bank Transfers Betting Online Currencies and Languages
Since bank transfers are widely available in virtually all regions of the world, their associated currencies and languages are typically commensurate with the country of the bank with which they’re used. For example, bettors using bank transfers for real money betting deposits in the US would deposit in American Dollars, while Canadian citizens would send and receive bank transfers in Canadian Dollars. Members of many European countries would deposit in Euros or pounds (GBP).
How to Use Bank Transfers at a Betting Site
Before making a bank transfer at any betting site, you’ll first need to be registered as a member at that site. Following this, log into your account and view the Cashier or Banking page. Select bank transfer, wire transfer or bank wire as your deposit method. You will then be required to supply the routing number and account number associated with your checking or savings account. In some cases, you may receive additional instructions from the online betting site requiring you to use your bank’s online banking site or visit your bank in person to complete the transaction.
Benefits of Bank Transfers
The most obvious benefit of betting deposits made with bank transfers is that the issuer of the deposit doesn’t need to have an account with a third party financial institution, such as a credit card company or e-wallet service. Rather, the only thing needed to issue a bank transfer is a checking or savings account with checking and routing numbers. Although bank transfer fees vary by bank, most online betting sites process bank transfer deposits for free. In addition, bank transfers are extremely secure and safe from hackers, as they use state-of-the-art encryption methods employed by most major banks.
Bank Transfers Betting Online Website Fees
As mentioned, most online betting sites do not charge fees to individuals who deposit with bank transfers. However, most banks charge fees of their own for this service. Expect to pay approximately $25 to send a bank transfer and $12 to receive one, although fees can vary greatly from bank to bank. If you haven’t yet opened a bank account, it is advisable to review the bank transfer fees offered by a variety of banks before deciding where to open an account.