Globally speaking, there are myriad ways to move funds in and out of an internet gambling account, but when factors like security and reliability are number one priority, wire transfer poker sites are as good as it gets. Bank wires aren’t always the cheapest route, nor the fastest, but sometimes the old cliché holds true: the best things come to those who wait.
But realistically, there aren’t many of us who want to wait, or pay more, to move funds through wire transfer poker sites. If we remove the sugar coating, the sad fact is, not everyone has a choice. If you live in the USA, and your credit/debit card is being rejected, your preferred iGaming site may offer no other option than to facilitate a wire transfer poker deposit or withdrawal.
Unfortunately, several major US financial institutions (Bank of America, Wells Fargo, etc.) will deny any credit/debit transfer related to online gambling. Thus card deposits may be declined by default if one of those banks issued the card. And even in cases where eCheck Poker Deposits are accepted, withdrawals may only be available by bank wire transfer.
So whether you’re a fan of slower but unequivocally reliable wire transfer poker payments, or have no other choice than to use them, the following information will shed some light on how they work.
How to Make a Bank Wire Transfer Poker Deposit
Making a wire transfer poker deposit can be a bit of a process. First, you will need to log into the poker site and get some information. The cashier may provide this info directly under wire transfer deposits. If not, you’ll have to email customer support or open a live chat session.
The information you will need from the poker operator is:
– Bank Name / Address
– Bank Identifier Code (BIC)
– International Bank Account Number (IBAN)
– Name of the Account Holder
Be sure to ask what to write in the “Reference” field. Generally, you’ll put either a Reference #, given to you by the poker operator, or your “username”. Also make sure to get the minimum/maximum deposit amount allowed for wire transfer poker deposits. If you send too little, or too much, it will be rejected, and your fees will not be reimbursed.
Now that you’re all set, take this information to your bank and ask to make a wire transfer. You will have to fill in a form with the above info, and the amount you wish to deposit. There will be a fee charged to process the wire transfer, the amount of which varies from one bank to the next.
How Long Will it Take? It generally takes anywhere from 1-3 business days for a wire transfer poker deposit to arrive. The moment it does, the funds will be available for use in your account.
Online Wire Transfers: In some cases, it is possible to conduct a bank wire transfer poker deposit via online banking. If you’ve never tried it before, though, you may be more comfortable letting a bank teller handle it, at least the first time around.
How to Make a Bank Wire Transfer Poker Withdrawal
Requesting a wire transfer poker withdrawal is virtually the same process, but replacing the operator’s bank info with your own. Start by visiting the cashier and choosing to cashout via wire transfer. Again, look for minimum/maximum withdrawal limits, associated fees and expected wait time.
You will be told exactly what information to get from your bank, including:
– Bank Name/Address
– Routing Number (US version of IBAN)
– Your Account #
You can get this information in several ways. It’s always available on the FAQ section of the bank’s website, or you can call or visit the bank and ask for it directly.
You may be able to enter the information on the poker site’s withdrawal form, but more often than not, you will have to email or fax the banking details directly to the site operator. Yes, it takes a bit longer, but there’s an added security benefit here that should not be overlooked.
How Long will it Take? Unfortunately, it can take much longer to receive a wire transfer poker withdrawal than it does to send a deposit; on average, anywhere from 3-14 business days.