Casinos that accept Bank Transfers

List of casinos that support Bank Transfer transactions

Bank Transfers are known by various different names such as ACH, bank wire, wire transfer, direct bank transfer, fast bank transfer and others, depending on where you are in the world. However the process is almost always the same - the receiving party, in this case the casino, issues you their bank account details and you use these details to deposit the money directly into their bank account, and vice versa when making a withdrawal. This process may be facilitated and even branded by an intermediary, but for simplicity's sake we have marked all of these methods under the "bank transfer" umbrella term.

Bank Transfer payments at online casinos

A Wire Transfer is a method of transferring fund electronically from one person or institution to another. Wire transfers are made either from a bank account to a bank account or by transferring cash through a cash office. Different banks use different systems to wire the money and depending on this the transfer will take different amounts of time and depending on the bank the charge for this service will be different. The security of such transfers will also depended o the system used. The bank will charge the sender of the funds as well as the person or institution receiving the funds.

ACH refers to the Automated Clearing House network, a collection of US-based financial institutions that in 2012 processed 21 billion transactions whose total value amounted to $36.9 trillion. ACH is essentially a method of transmitting funds electronically using banking institutions in the United States. It is widely used by American business and consumers.

If you opt to transfer funds into your online casino account you will need to check if the casino offers bank transfers as a payment method. Always choose a method local to your country if one is available as this is usually the cheapest option. Failing that, you will need to make an international wire transfer, and the casino will need to provide you with their IBAN and/or SWIFT codes so that you can instruct your bank to transfer the funds. International transfers are rarely instantaneous and may take up to five working days or more, depending on the system, bank and country the transfer is being made from. The bank will use the IBAN code provided to know where to transfer the money. It will then transmit a message through a secure system, usually a SWIFT or Fedwire, to the receiving bank requesting to effect the payment.

Bank wire transfers are usually the cheapest method for transferring large sums of money. Still, bear in mind the bank will charge you a fee and it will usually charge the receiver of the money by deducting an amount form the fund you have sent.