A wire transfer or (bank transfer) is arguably the oldest form of sending money from one point to another. As one of the most trusted payment methods, it has been regarded as the best way to transfer money internationally for a long time. The popularity of the physical bank transfer as a safe deposit option led to the electronic (wire) transfer, in which it became the cheapest way to send money overseas from Australia. Gamblers have been using this banking option to fund their account for a while. We listed all the casinos that accept wire transfer deposits in Australia below.
Online Casinos that Accept Wire Transfers 2018
What is a Wire Transfer?
A wire transfer is the digital version of transferring funds from one bank account to another. It is also referred to as a bank wire transfer, in which the depositor of money needs to have a bank account with a local financial institution to process the deposit. To execute the payment, the depositor must have the correct account details of the recipient and enough funds in the bank account. Aussie gamblers play for real money and deposit their AUD to their casino account using the wire transfer online. Find out how to use the wire transfer when you play at the best online casino sites for real money.
How to Deposit Funds Using a Wire Transfer
Players that are unfamiliar with making online payments needn’t worry, we have you covered. We have compiled a helpful guide of how to send money online using a wire transfer. Players should make sure that the internet casino website they sign up to accepts wire transfers. Most top AU casino sites offer bank transfer method to fund your casino account. Australian gamblers should create an account at the online casino that offers bank transfers as a payment option. Once they have completed the registration process, they must navigate to the cashier page and select the bank in order to gather all the account details to make the payment.
Head over to your internet banking mobile app or online banking page on your desktop computer to fill in the required information to complete the transfer. Players should note that in order to wire transfer money online, players must have sufficient funds in their account to complete the transaction. You will have to wait for the bank to approve and transfer the amount to your casino account, which could take anything from a few hours to a couple of days. Once you’re satisfied with the bank transfer time, you can play real money games at top Australian online casinos.
Advantages of Using Wire Transfer
Our team of experts compiled a list of benefits of using the wire transfer payment method. Now that you know how to send money online, here's why you should use the electronic wire transfer:
- Playing at a wire transfer online casino is safe and secure.
- There are plenty of instant bank transfer casinos in Australia.
- Online casino bank transfer option keeps the player’s banking details private.
- This payment method is well-suited for players that want to deposit large amounts of money.
Drawbacks of Using Wire Transfer
For all its pros, there are a few drawbacks that we have encountered when using the wire transfer method. Here’s are a few disadvantages of using this payment option:
- There is no way of reversing the transaction once the payment is completed.
- Bank transfer online casinos charge fees for the transaction.
- Wire transfer takes longer to be processed than other payment options.
- Players are required to share personal details.
While wire transfers are not without its fair share of flaws, it is still one of the most recommended payment solutions for new online casino players in Australia. Almost anyone can make a bank wire transfer and there are no credit checks done in order to process the payment. It is one of the safest ways to pay online, and we recommend it fully to players that want to have a large bankroll. Think you got the gist of it, then head over to the top paying casino site we’ve listed and start playing real money games.