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Bank Wire Transfer Betting Sites

Written by Glenn Roberts
Glenn is a sports lover and writes about Soccer and American Football. He also covers reviews of bookmakers, betting apps and deposit or withdrawal methods that players can use at online sportsbooks.
, | Updated: October 21, 2024

Payment Method Bank TransferOut of the many payment methods out there one has been unjustly ignored for quite a long time. Of course, we are talking about the classic means of transferring money – the Bank Wire.

 

Bank Wires are one of the dozens of payment solutions that you will have at your disposal when you register with an online sportsbook but for one reason or another, many users overlook this payment method and go with more modern options. Despite its age, we believe that Bank Wires still have a lot to offer the gambling community and in this article, we will focus on all important aspects of this service and how it could be used for the purposes of online sports betting.

Top Bank Wires Sportsbooks Ranked by Trustpilot Rating

Comparison of Top Bank Wires Sports Betting Sites

SportsbookSports on OfferMin DepositMin WithdrawalMin BetBonusesBonus Wagering RequirementsIn-Play BettingLicenses
888sportFootball, Horse Racing, Tennis, American Football, and 20+ other sports$/€10$/€10$/€0.10

• €30 Free Bet on First Bet
• €5 Weekly Free Bet

Free bets must be fully wagered

Yes

UKGC (#039028-R-319297-012)
MGA (#MGA/CRP/543/2018)
Government of Gibraltar (#112 and #113)

UnibetHockey, Soccer, Cricket, eSports, Golf, and 30+ othersports€10€15 for Neteller and Skrill€10€15 for Visa€0.10

Welcome Offer:
Deposit €10, Receive €40

Welcome Offer:
3x the bonus amount

Yes

Irish Revenue Commissioners (1013174)

Malta Gaming Authority (MGA/B2C/106/2000)

UK Gambling Commission (045322-R-324275-017)

Swedish Gambling Authority (SGA)

Gibraltar Gambling Commissioner (No. 092)

bet365Football, Tennis, Speedway, Table Tennis, and 40+ other sports$/€10$/€10$/€0.10

New Account Offer up to €50 in Bet Credits

Place qualifying bets to release bet credits (New Account Offer)

Yes

UKGC (#055148-R-331498-001)
MGA (#MGA/CRP/531/2018)
Government of Gibraltar (#076)
+10 jurisdictions (including US states)

BodogFootball, Baseball, Soccer, Basketbal, Tennis, UFC/MMA, and 20+ other sports$10$20$1

• Welcome Bonus 100% Matched Deposit Up to $400
• Refer A Friend Bonus
• Bodog Rewards

5x WR (Welcome Bonus)

Yes

Curacao (#1668/JAZ)

LVbetFootball, Tennis, Volleyball, Basketball, Ice Hockey, and 10+ other sports$/€10$/€20$/€0.50

• 100% Welcome Offer up to €100
• Premier League Weekly Bonanza
• €5 Game Bonus
• Double Up Winnings up to 100%

• 8x deposit + bonus on 2-fold acca with min. total odds of 2.00 (Welcome Offer)
• 1x Free Bet with min. total odds of 1.25 and 2.00 for each selection | 2x multiplier winnings (Premier LEague Weekly Bonanza)
• 6x bonus funds with min. total odds of 2.50 and 1.25 for each selection (€5 Game Bonus)
• No WR on boosted winnings (Double Up Winnings)

Yes

MGA (#MGA/B2C/282/2015)
Ministry of Finance of the Republic of Poland (#PS4.6831.9.2016.EQK)
Latvian Lotteries and Gambling Supervisory Inspection (#TI-14)

Mr GreenFootball, Tennis, Esports, Horse Racing, and 30+ other sports$/€10$/€10$/€0.10

First Deposit Free Bets

2x€10 free bets must be fully wagered within 7 days

Yes

UKGC (#039264-R-319432-018)
Ireland’s Revenue Commissioner (#1011600)
MGA (#MGA/CRP/121/2006)
Danish Gambling Authority (#18-0457046)
Swedish Gambling Authority (#23Si2199)

PinnacleFootball, baseball, hockey, cricket, golf, soccer, and 10+ sports• Bitcoin - $6/€5• E-Wallets - $/€10• Cards - $/€20• Bitcoin - $12/€10• E-Wallets - $/€10• Cards - $/€20$/€1

N/A

N/A

Yes

AGCO (OPIG1236075)
CGCB (OGL/2023/105/0084)
MGA (B2C/290/2015)
Spelinspektionen (SGA)

EverygameFootball, Tennis, Basketball, Ice Hockey, Golf, and 10+ other sports$10$100 - $150$1

• 50% Sign-up Bonus up to $200
• 4 x $100 free bets
• $50 Weekly Free Bet on Losing Parlay Bets

• 8x deposit + bonus amount at min. odds of -200 (1.5) (Sign-up Bonus)
• All free bets must be fully wagered

Yes

No official license information

VBetFootball, Basketball, Volleyball, Tennis, Boxing, and 30+ other sports$/€10$/€10$/€0.10

• 10% Daily Cashback Up to €100
• 100% Welcome Offer up to €15
• Up to 100% Extra Cash for Multiple Bets
• Up to 100% Money Back on Losing Acca Bets

• Cashback Free Bet must be fully wagered (10% Daily Cashback)
• Free Bet must be fully wagered within 5 days (100% Welcome Offer)
• No WR (Up to 100% Extra Cash on Multiples)
• No WR (Up to 100% Money Back on Losing Acca Bets)

Yes

UKGC (#44662)
Curacao Gaming Control Board (#OGL/2024/802/0282

mr.play SportsFootball, Horse Racing, Tennis, Basketball, and 30+ other sports$/€10$/€10$/€0.10

100% Welcome Bonus up to €100

9x bonus funds with min. odds of 2.00 on singles and 1.40 on combination/system bets

Yes

MGA (#MGA/CRP/148/2007)
UKGC (#039483)
Irish Revenue Commissioners (#1014834)

Top 10 Betting Sites for Bank Wires

  1. 888sport

    888sport logo
    Bet Now Review
    Licenses
    UKGC (#039028-R-319297-012) MGA (#MGA/CRP/543/2018) Government of Gibraltar (#112 and #113)
    Min Deposit
    $/€10
    Min Withdrawal
    $/€10
    Withdrawal Time
    • E-wallets and Rapid Transfer - 2-3 days• Visa and ApplePay - up to 6 days• Wire transfer - 5-8 days
    Deposit Methods
    Visa logoMastercard logoNeteller logoSkrill logoPayPal logoPaysafecard logoTrustly logoNordea logoBank Transfer logoiDebit logoBoleto logoAstropay logoSofort logoecoPayz logoNeosurf logoWebMoney logoInstant banking logoInterac logoMuchBetter logoApple Pay logo
    Sponsorships
    National Football League (NFL), Dundalk Football Club, Cardiff City FC
    Contact Details
    Live Chat: Yes email: support@888sport.com Phone: N/A
    LinkedIn profile

    Established in 2008, 888sport is a sportsbook that has long proven to be among the most secure and trusted brands in the online betting sphere. The UK Gambling Commission has granted 888sport its seal of approval, as have both the Malta Gaming Authority and the Government of Gibraltar.

    The sportsbook’s impressive selection of markets will entertain the vast majority of betting enthusiasts, seeing as it encompasses sports like football, boxing, greyhound racing, table tennis, and more. Users can also wager on the outcomes of political elections, or place bets as a given sports game is underway. A range of promotions are also on offer, and they serve to make wagering all the more entertaining.

    Clients who have questions regarding the bookie’s bonuses or have come across some sort of issue can reach out to the customer support team via live chat or email. In either case, they can expect a swift response.

  2. Unibet

    Unibet logo
    Review
    Licenses
    Irish Revenue Commissioners (1013174)Malta Gaming Authority (MGA/B2C/106/2000)UK Gambling Commission (045322-R-324275-017)Swedish Gambling Authority (SGA)Gibraltar Gambling Commissioner (No. 092)
    Min Deposit
    €10€15 for Neteller and Skrill
    Min Withdrawal
    €10€15 for Visa
    Withdrawal Time
    Cards: 1 to 3 daysDirect Banking: 1 to 3daysE-Wallets: Up to 12hours
    Deposit Methods
    Visa logoMastercard logoPayPal logoPaysafecard logoBank Transfer logoMaestro logoInterac logoApple Pay logo
    Sponsorships
    Middlesbrough FCCheltenham FestivalNHL SwedenF.C. CopenhagenPFL Europe Division
    Contact Details
    Live Chat: YesEmail: info@unibetsupport.comPhone: 0808 1686635
    Facebook profileX profileYouTube chanelLinkedIn profile

    If you value variety when it comes to wagering on sports, Unibet might just be your next bookie of choice. From football to eSports and chess, Unibet has something for every bettor. Its bet types are also numerous, with totals, handicap bets, and moneyline bets being but a few of the options punters can pick from.

    What is more, Unibet users are free to wager by using either the desktop or mobile versions of its website. Whether a client is on the go or in the comfort of their home, Unibet’s catalog is just a click or a tap away.

    Unibet has done its due diligence in terms of earning regulatory approval in the jurisdictions it operates in. Its licenses have been issued by entities such as the UKGC, the Swedish Gambling Authority, Malta’s gaming regulator, and the gambling supervisory entity of Gibraltar, ensuring that Unibet meets the most stringent of regulatory standards.

  3. bet365

    bet365 logo
    Bet Now Review
    Licenses
    UKGC (#055148-R-331498-001) MGA (#MGA/CRP/531/2018) Government of Gibraltar (#076) +10 jurisdictions (including US states)
    Min Deposit
    $/€10
    Min Withdrawal
    $/€10
    Withdrawal Time
    * E-wallets - 1-4 hours* Debit Card - 1-4 hours* Credit Cards - 1-5 days* Wire Transfer - up to 12 hours
    Deposit Methods
    Visa logoMastercard logoNeteller logoSkrill logoSkrill 1-Tap logoPayPal logoPaysafecard logoBank Transfer logoInstadebit logoiDebit logoAstropay logoInterac logoApple Pay logo
    Sponsorships
    UEFA Champions League
    Contact Details
    Live Chat: Yes email: support.eng@customerservices365.com Phone: 00 800 1236 5365
    Facebook profileX profileLinkedIn profile

    A veteran in the online betting sphere, bet365 went live in the year 2000 and has since been the go-to bookie of many a punter the world over. As the minimum deposit limit stands at $/€10, and bettors can wager as little as $/€0.10, bet365 is an excellent choice for novice bettors who are just starting out and are reluctant to make riskier wagers.

    Bet365’s wagering platform is easy to use and quite versatile. Decimal, fractional, and American odds are supported, and there are plenty of markets to choose from. Whether you prefer tennis, football, motorsports, or another type of sport, bet365 will deliver. Additionally, if you fancy venturing into the world of online gaming, bet365 also has a casino section that boasts numerous engaging titles.

    Those eager to begin using bet354 will be pleased to learn that creating an account takes no time at all. Furthermore, its cashier has plenty of convenient financial solutions, bank transfers included.

  4. Bodog

    Bodog logo
    Bet Now
    Licenses
    Curacao (#1668/JAZ)
    Min Deposit
    $10
    Min Withdrawal
    $20
    Withdrawal Time
    One hour to 15 business days
    Deposit Methods
    Caixa logoItaú Unibanco logoBanco do Brasil logoPIX logoBanco Safra logoBitcoin logoBitcoin Cash logoLitecoin logoEthereum logoBoleto logoAstropay logoBank Transfer logoPay4Fun logoSantander logoBanco Azteca logoBBVA logoSpei logoBanorte logoInterac logo
    Sponsorships
    N/A
    Contact Details
    Live Chat: Yes Contact Us Form
    Facebook profileYouTube chanel

    Bodog is a popular sportsbook that is both crypto-friendly and supports plenty of fiat-based payment methods, ensuring that the cashier will accommodate any punter. Bank cards, digital wallets, bank transfers, and cryptocurrencies like Bitcoin are examples of how players can manage their betting funds.

    As for what sports bettors can wager on, Bodog boasts a betting platform that offers basketball, hockey, American Football, and more. Both live wagering and pre-match betting are supported, and the odds can be displayed in the decimal, American, and fractional formats.

    Another aspect of note is Bodog’s casino page. This is where wagering enthusiasts who want to diversify their gambling sessions can play plenty of games of chance. The catalog includes slots, table games, and specialty games.

  5. LVbet

    LVbet logo
    Bet Now
    Licenses
    MGA (#MGA/B2C/282/2015) Ministry of Finance of the Republic of Poland (#PS4.6831.9.2016.EQK) Latvian Lotteries and Gambling Supervisory Inspection (#TI-14)
    Min Deposit
    $/€10
    Min Withdrawal
    $/€20
    Withdrawal Time
    • Debit cards - up to 3 business days • E-wallets - up to 24 hours • Bank transfers - 3-5 business days
    Deposit Methods
    Visa logoMastercard logoNeteller logoSkrill logoSkrill 1-Tap logoPayPal logoPaysafecard logoBank Transfer logoBoleto logoAstropay logoMiFinity logoecoPayz logoJeton logoMuchBetter logoPIX logoPicPay logo
    Sponsorships
    Hamrun Handball Club, WKS Śląsk Wrocław, Piast Gliwice FC
    Contact Details
    Live Chat: Yes Email: support@lvbet.com; support@lvbet.lv Phone: N/A
    Facebook profileX profile

    Launched in 2016, LVBet is a sportsbook operated by Fairload Ltd., a company that has successfully earned the approval of the Malta Gaming Authority, as well as other region-specific regulators. The sportsbook covers markets relating to popular leagues such as Serie A, La Liga, the Premier League, and more. Apart from football, punters can also wager on sports such as ice hockey, volleyball, and eSports, among others.

    LVBet treats its clients to a welcome bonus as well as various promotions that are offered on a regular basis. However, we should also note that the sportsbook also boasts a range of features for bettors that could use additional means of staying in control while wagering. This includes deposit limits, wager limits, and restrictions on how long one user can wager for. Self-exclusion is an option as well.

    All betting markets and features at LVBet are available on both the desktop and mobile versions of the sportsbook. Moreover, both Android and iOS users will be able to create an LVBet account, seeing as its web application is suitable for browser apps compatible with either of the aforementioned operating systems.

  6. Mr Green

    Mr Green logo
    Bet Now Review
    Licenses
    UKGC (#039264-R-319432-018) Ireland’s Revenue Commissioner (#1011600) MGA (#MGA/CRP/121/2006) Danish Gambling Authority (#18-0457046) Swedish Gambling Authority (#23Si2199)
    Min Deposit
    $/€10
    Min Withdrawal
    $/€10
    Withdrawal Time
    • Credit/Debit cards - up to 3 days• Bank transfers and Trustly - up to 5 business days• E-wallets and Paysafe wallets - up to 2 hours
    Deposit Methods
    Visa logoMastercard logoNeteller logoSkrill logoPaysafecard logoTrustly logoBank Transfer logoSofort logoMuchBetter logoGiropay logoRevolut logo
    Sponsorships
    N/A
    Contact Details
    Live Chat: Yes email: customerservice@mrgreen.com Phone: N/A
    Facebook profileX profileLinkedIn profile

    Mr Green has been around for nearly two decades, making it one of the older bank transfer-friendly casinos our team has selected. Mr Green was established in Sweden, and it is now an international broker brand belonging to gambling giant Evoke plc.

    Mr Green caters to betting enthusiasts from far and wide, and its betting platform reflects that: cricket, ice hockey, football, and plenty of other sports are available, as are markets relating to television shows and politics.

    Should you decide to create a Mr Green account, you can also rest assured that Mr Green has a friendly and helpful customer support team that is ready to assist clients around the clock, seven days a week. As for how exactly you can get in touch with a representative of the customer service staff, the options are live chat and email at customerservice@mrgreen.com.

  7. Pinnacle

    Pinnacle logo
    Bet Now
    Licenses
    AGCO (OPIG1236075) CGCB (OGL/2023/105/0084) MGA (B2C/290/2015) Spelinspektionen (SGA)
    Min Deposit
    • Bitcoin - $6/€5• E-Wallets - $/€10• Cards - $/€20
    Min Withdrawal
    • Bitcoin - $12/€10• E-Wallets - $/€10• Cards - $/€20
    Withdrawal Time
    • Bank Transfer - up to 10 business days• E-Wallets - 24 hours• Cards - 1 to 5 days
    Deposit Methods
    Visa logoMastercard logoNeteller logoSkrill logoPaysafecard logoBank Transfer logoBitcoin logoBoleto logoInstadebit logoJCB logoLitecoin logoNeosurf logoOXXO logoPIX logoTether logoTrustly logoCashtoCode logo
    Sponsorships
    Malta Vibes UltimateKnockout CS:GOTournament (2021)
    Contact Details
    Live chat: Yes Phone: N/A Email: customerservice@pinnacle.com
    Facebook profileX profileYouTube chanelLinkedIn profileSpotify porofileSoundcloud profileApple Podcast chanel

    Sports betting aficionados on the lookout for a new online sportsbook will be impressed with what Pinnacle has to offer. Tennis, eSports, and football are just a few of the sports Pinnacle clients can place pre-match bets on, and wagering on live games is also an option.

    The website’s interface is intuitive to use and supports a dark theme. Moreover, given Pinnacle’s international reach, the languages bettors can choose from include French, English, and Japanese, to name a few.

    It seems versatility is one of Pinnacle’s key traits, as an iGaming page can also be found on the Pinnacle website, which will be convenient for sports bettors who also enjoy playing the occasional slot game or are avid fans of games of chance. The games are certified by the London-based auditor eCOGRA, ensuring the fairness of each product.

  8. Everygame

    Everygame logo
    Bet Now Review
    Licenses
    No official license information
    Min Deposit
    $10
    Min Withdrawal
    $100 - $150
    Withdrawal Time
    * Bitcoin and ecoPayz - 48 hours* Checks (the US only) - 5 business days* Bank wires - up to 15 business days* SEPA - up to 4 business days
    Deposit Methods
    Visa logoMastercard logoBank Transfer logoBitcoin logoLitecoin logoecoPayz logoeZeeWallet logoNeosurf logoBitcoin Cash logoDiscover logoAmerican Express logo
    Sponsorships
    N/A
    Contact Details
    Live Chat: Yes Email: bet@everygame.eu Phone: Scheduled calls only
    X profile

    Everygame’s platform has a clean design that neither veterans nor novices will find difficult to get used to. The intuitive interface has a bet slip at the side, and the settings menu allows one to set their preferred odds format, default stake amount, and choose their time zone.

    Outrights and moneyline bets are among the types of bets users can pick from, while Everygame’s sports selection encompasses football, golf, cricket, and eSports, among others. Apart from pre-watch betting, in-play is also included on the platform.

    In terms of licensing, Everygame performs with flying colors. The UK Gambling Commission has granted Everygame its seal of approval, and the sportsbook is also licensed by the gambling supervisory entities of Malta, Sweden, and Denmark.

  9. VBet

    VBet logo
    Bet Now
    Licenses
    UKGC (#44662) Curacao Gaming Control Board (#OGL/2024/802/0282
    Min Deposit
    $/€10
    Min Withdrawal
    $/€10
    Withdrawal Time
    Up to 72 hours
    Deposit Methods
    Visa logoMastercard logoNeteller logoSkrill logoTrustly logoBank Transfer logoecoPayz logoMuchBetter logoApple Pay logo
    Sponsorships
    AFA, AS Monaco, OGC Nice, Pyunik Yerevan, Malta Premier League, Malta Football Association, Ukranian Football Association, FC Dynamo Kiyv, FC Oleksandriya, NK Veres
    Contact Details
    Live Chat: Yes Email: support@vbet.com Phone: +1 (323) 3955131
    Facebook profileX profileInstagram profileLinkedIn profile

    Licensed by the MGA and the UKGC, VBet is a sportsbook that gives punters the opportunity to place both pre-match and in-play bets on their favorite events. In terms of sports, football, cricket, badminton, and basketball are examples of what can be found on LVBet’s betting platform.

    The website is secured via SSL encryption, and the sportsbook also looks out for its clients by offering a range of responsible gambling tools that can help one keep their wagering in check. These tools come in the form of reality checks, deposit limits, a timeout setting, and self-exclusion.

    If they experience any issues, there are several ways clients can get in contact with VBet’s support staff. The first option is live chat, which is what one can go with if they need assistance as soon as possible. Additionally, punters can always reach out to the support staff by emailing support@vbet.com. Last but not least, users who would prefer to call a member of the customer service team can do so as well.

  10. mr.play Sports

    mr.play Sports logo
    Bet Now
    Licenses
    MGA (#MGA/CRP/148/2007) UKGC (#039483) Irish Revenue Commissioners (#1014834)
    Min Deposit
    $/€10
    Min Withdrawal
    $/€10
    Withdrawal Time
    • Credit/Debit Cards - up to 6 days • Payz - Up to 4 days • E-wallets - Up to 2 days • Astropay - 3 days • Interac - 2-6 days
    Deposit Methods
    Visa logoMastercard logoNeteller logoSkrill logoPayPal logoPaysafecard logoBank Transfer logoAstropay logoecoPayz logoCashtoCode logoInterac logoMuchBetter logo
    Sponsorships
    N/A
    Contact Details
    Live Chat: Yes Email: support@mrplay.com Phone: N/A
    Facebook profileX profileInstagram profile

    Sports betting enthusiasts who are looking for an online sportsbook will find Mr.Play to be an excellent option. The sportsbook opened its virtual doors in 2017, and it is licensed by trusted regulators like the MGA, UKGC, and the Irish Revenue Commissioners.

    American football, baseball, horse racing, eSports, and ice hockey are among the sports punters can wager on, and there are plenty of bets one can place once they have chosen a particular sports event. Whether you enjoy making over/under bets, prefer money line bets, or wish to wager on the handicap, you can rest assured that Mr.Play has got you covered. We should also highlight Mr.Play’s bet builder feature, which makes adding picks to one’s bet slip an absolute breeze. While pre-match bets make up most of the selections in Mr.Play’s betting platform, in-play is also available and has a dedicated page.

    If you have decided to give Mr.Play a try, registering will not take long, and you can create an account by using your computer or on your mobile device. Furthermore, as Mr.Play has a versatile mobile-friendly web application, wagering can be done on both Apple devices and phones that run Android.

How Bank Wires Function?

How Bank Transfer WorkBank Wires are ones of the oldest means of transferring money without having to physically carry it from one place to another. They have been around for decades and have certainly proven their value in the world of international banking. For many years they were the default means of topping up an online bankroll until more popular services came into the fold.

They are quite simple to understand and to utilize. When you send a Bank Wire, you are ordering that money be taken out of your account and transferred to that of the recipient. The bank handles the transaction and the order is processed within 5 business days. After the payment has cleared, you will have full access to your money and you can then use it to put down bets on your favorite sports team. It is one of the easiest means of depositing money, though maybe not as convenient as other services.

When issuing a Bank Wire, you will need to know the recipient’s banking information. Many countries nowadays use the IBAN system, particularly the countries in the European Economic Area and a few others. Customers in the United States are given routing numbers which are used for domestic transactions. For international payments, most countries use the SWIFT network to settle transfers.

Opening an Account

Online Banking AccountIn order to issue Bank Wires, you first need to have a bank account. This is the only barrier to entry and it is set quite low, considering that just about everyone has an account. Even if you do not, then you can easily open one in the nearest bank. Once you have acquired a bank account, you can wire money to whomever you want, including online sportsbooks. Each bank offers its own process to sending Bank Wires and the fees associated with the service.

Depositing to your Sportsbook Balance

Bank Wire DepositDepositing to your online sportsbook account with a Bank Wire is no more difficult than using any other service. The process has been streamlined so that anyone can carry out a Bank Wire in only a minute. First, you will need the sportsbook’s banking information which you will then have to enter on the banking form. Once you choose the amount that you wish to deposit and confirm the payment, all you have to do is wait for the transaction to clear. Depending on your bank and country of residence, this can take up to 5 business days. Although, there is no accurate time frame and it can also take a single day. Each user’s experience is different.

Withdrawing from your Sportsbook Balance

Bank Wire WithdrawWhen you wish to withdraw your funds from your sportsbook balance then all you have to do is head over to the Cashier page and select the Bank Wire option. From then on, you will have to fill out the form with your banking information, select the amount that you wish to cash in and confirm the withdrawal. It usually takes the gambling website up to 48 hours to process the cash-in request and only after it is reviewed will they send the transaction. From that point, it can up to 5 business days for the transaction to clear and for you to get your money.

Cost and Fees

Bank Wire FeesWhile the fee structures of most services are cut and dry, Bank Wires are not so simple to pin down. A Bank Wire is a service offered by individual banks and each institution sets its own different fees and charges for each payment. Depending on your bank, it could be completely free to make a Bank Wire or the price could be $10 or more. Something else that you also have to take into account is your geographical location and that of the sportsbook. If the gambling website is based in a foreign country, then the cost of a Bank Wire will be higher than if it was based domestically in almost all circumstances. Location also has an impact on the speed of the transactions, with international transfers taking longer to clear than domestic ones.

Another thing that you should consider is that you have to bear the cost of deposits. However, withdrawals are a completely different issue. Many sportsbooks choose to relieve the punter from the cost of withdrawal but there are websites where this is not the case. Others will eat the cost of the transaction if it exceeds a certain amount of money. There is no clear solution to the cost of Bank Wires and each punter will have a different experience. Therefore, each scenario should be judged on a case-by-case basis.

Security and Privacy

Bank Wire SecurityAn all-important aspect of making payments on the Internet is the ability to maintain the security of your funds and personal information. When it comes to security, you can hardly beat a Bank Wire. When a transaction goes through all of the banking institutions’ security systems there is very little room for any fraudulent activity. Banks have some of the safest and foolproof infrastructures in the world and international banking has never been more secure. As such, you can expect the same level of security when using a Bank Wire to fund your online sportsbook balance.

Privacy, however, is a different matter. When you make a Bank Wire payment you have to put down your name and the relevant banking information on the statement. This means that the sportsbook will know all of those details once they receive your funds. If you are not the type that likes to share their information with gambling websites, then you might do well to avoid this service. Other payment solutions will completely hide your information from the recipient of the money but Bank Wires are made to be transparent and out in the open.

Advantages of Bank Wires

Bank Wire AdvantagesAs with any online payment service, there are distinct advantages and disadvantages that you have to take into account. In our case, we will first address the benefits of using Bank Wires for the purposes of online gambling.

One of the best aspects of using Bank Wires to fund your online gambling activities is how widely accepted they are. Bank Wires are the traditional way to transfer money and as such, everyone is familiar with how the process works. Moreover, there are no gambling websites out there that will not offer you Bank Wires of some form. This comes into effect especially when you have made a deposit via a service that does not support withdrawals, for example, prepaid cards. In such cases, you clearly cannot cash in your balance using the same method and thus, have to receive your winnings via a different solution. This is more often than not a Bank Wire and it is the most hassle-free means of cashing in.

Another factor that you should also take into consideration is that Bank Wires allow you to transact larger amounts than any other service on the market. Often you will find that credit cards and electronic wallets can only handle up to a few thousand dollars at a time. Whether this is determined by the sportsbook or by the company that handles the transactions is irrelevant. In the best case scenario, you would be able to transact up to $10,000 using a service such as PayPal, Skrill or Neteller. Bank Wires, on the other hand, can easily handle payments of $100,000 or even larger should the gambling website support them. This makes Bank Wires the perfect payment solution for high rollers who handle large amounts during their gambling sessions.

Other benefits of using Bank Wires include the inherent security that comes with the service. Bank Wires are arguably the safest method to transfer money in today’s day and age since the transactions happen bank-to-bank with no middleman to oversee them. This means that once the payment is sent, you will receive your money within a few days and there is little probability of things going astray.

Last but not least, Bank Wires afford you some sense of legitimacy over other payment services. Since Bank Wires have been around for such a long time, they are often associated with higher prestige than other methods of payment. Furthermore, it would be much easier to explain to the taxman where your winnings come from if they come from a Bank Wire where everything is out in the open.

Disadvantages of Bank Wires

Bank Wire DisadvantagesWhile Bank Wires have many good things going for them, there are also negative aspects of this service and you should know about them. Bank Wires are not perfect by any stretch of the imagination and the disadvantages of the service can be a real detriment for some people. Below, we have outlined some of the most important that you will experience when using Bank Wires for the purposes of online gambling.

First and foremost, you will immediately notice that Bank Wires take a long time to process when compared with other payment services. A standard Bank Wire will usually clear within 5 business days, depending on where you are currently located. This type of service is one of the few that is dependent on your geographical location. As such, the further away you are from where the sportsbook is based, the slow the speed of the payments. It could take a few hours or a whole business week for a transaction to clear and the wait times are not always set in stone. This means that you have a varying experience each time you make a transaction, which is less than ideal.

Something else that you also have to take into consideration is that Bank Wires are not always immediately available as a deposit option. It is much more common for credit cards and eWallets to take center stage for the purposes of depositing and gambling websites extend better support for services which have a larger user base. This means that you may be required to use another payment solution or a man-in-the-middle service to move money from your bank account. Granted, Bank Wires will surely be available for withdrawals, though that does not help you if you want to deposit large amounts all at once.

Another potential negative aspect of Bank Wires is that you reveal all of your banking information to the sportsbook when you make a transfer. After all, it states on the transaction details where the money is coming from and who sent it. This is unfortunate if you are the type of gambler who does not like to reveal their data to gambling websites. This is something that eWallets and online banking services handle much better, as they do not give out your data when you make a deposit or request a withdrawal. If you would like to keep that information from the gambling website then you may want to consider a different service to manage your bankroll.

Finally, we come to one of the worst scenarios that you can experience when using a Bank Wire, which is the bank rejecting the transfer. This is quite possible, particularly when you request your winnings by Bank Wire. Online gambling still does not enjoy a positive reputation in certain circles and there have been reports of banks blocking gambling transactions when detected. In such cases, you have little recourse against the bank and you will need to find a different solution to receiving your winnings. While this is by no means a sure thing, it is always a possibility and one that you should be mindful of. In order to ensure a smooth experience, you may want to ask your bank about its policy towards online gambling.

Conclusion

Bank Wire ConclusionWhen all is said and done, Bank Wires are a mixed bag of excellent features and some pretty serious drawbacks. Rarely are other payment solutions so divisive as Bank Wires and for good reason. While they offer impeccable security, they leave little room for privacy as they reveal all of your payment information to the recipient. Bank Wires are as legitimate as payment services go, but the speed at which transactions are carried out leaves much to be desired. The point is that for every major advantage you also have to deal with an equally major disadvantage and this is where problems may arise. Much of what makes Bank Wires so great is already present in other payment solutions and these services are much more convenient. Overall, if you would like maximum transparency at the cost of some convenience, then Bank Wires are the perfect payment method for you. If not, then there are plenty of other services that you should also explore.

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