A bank wire transfer is one of the easiest ways of transferring funds from one account to another. Unlike in other methods, the bank wire transfer method does not involve third party merchants. This not only makes it fast but also more secure.
One of the major concerns for online gamers is how to make deposits and withdrawals safely. The bank wire method is among the widely accepted methods that are known to be fast and secure. Below we take a detailed look at all the features that make Online Casino Wire Transfers in Canada ideal for online gamers. We will also list the casinos that accept this form transfer in addition to highlighting the games, and bonuses you stand to win when you use the bank wire payment method in any of the online casinos in Canada.
List of online casino sites that accept bank wire in Canada
- Jackpot City Casino
- Zodiac Casino
- Platinum Play
- Play million
- Spin Palace Casino
- Yukon Gold
- Royal Vegas
- Lucky Nugget
Benefits of the Bank Wire Online Casinos
Safe and secure
This is one of the most secure payments and withdraws option. Since there are no third parties involved during transfer, it is hard for private information to be stolen by fraudulent individuals.
Thanks to its popularity, the bank wire transfer casino method is widely accessible. Most of the reputable Canadian online casinos accept Bank wire transfer. It helps that this method is used in most parts of the world. Since most of the top-rated Canadian online casinos accept gamers from other parts of the world, these transfer methods make it easy for them to use whatever part of the globe they are playing from.
Large amounts of money can be transferred
This makes it ideal for the high rollers. Whether a player wants to make a huge deposit or transfer a huge winning to their account, doing so is easy with the bank transfer method. It helps that the transfer charges are reasonable even for large sums of money, so it is ideal for making bank wire casino deposits.
Bonuses for players
Most casinos offer incentives in the form of bonuses to all players who use Bank Wire as an online casino payment method.
What is Bank Wire? How Does it Work?
A bank wire is simply a financial transaction from an entity to another. Otherwise known as credit transfer, this mode of payment has been in use since the era of telegrams. In the telegram era, a telegraph containing the amount and name of the recipient was sent to the designated destination through wires. This is where the name is derived from. The corresponding service then cashed out the amount to the intended recipient. The actual money would get to the corresponding service much later through courier. The telegram method helped increase the speed where money delivery is concerned.
The entities involved in wire transfer include individuals, corporations or establishments in different fields. All entities make use of their bank details to receive and send money to each other. There are no middlemen involved neither do the entities exchange money in cash form. This can only mean that there is minimal sharing of information and the banks go to extra lengths to keep their customer’s personal information secure.
Bank Wire Bonuses at Online Casinos
Those who choose this method of payment can still access the numerous welcome bonus benefits open to others. The deposit bonuses, for example, are open to everyone, as you do not need to choose a payment method to access them. The welcome offers are also open to anyone who opens an account with the said casino.
Some platforms have incentives specifically designed for those gambling deposits via bank wire transfer. Since these incentives change from time to time, players need to be on the lookout for the time such incentives are available. When deciding on what real money casino sites to play in, the deposit and withdrawal options and bonuses are some of the features that players should be on the lookout for.
Depositing and Withdrawal
Depositing and withdrawing money via wire transfer is easy. Below we discuss the process involved.
How to Withdraw Money from Casino Account Using Bank Wire?
- Log into your account. When you want to withdraw, you need to first log into your casino account. Once you have done this, go to the cashier option and select the Bank Wire Withdrawal section. You will see a page where you can enter your bank address, SWIFT, and IBAN codes. You will also be required to fill in your home address.
- Enter the amount to withdraw & Click on the Withdraw icon.
The amount to withdraw is dependent on the amount you want. All you need to remember is that most online casinos require you to meet the wagering requirements before making a withdrawal. All this information is readily available in the terms and conditions section on the casino website.
Once you have decided on the amount to withdraw, just click on the withdraw option to complete the transaction.
Bank wire transfers take anywhere between 5-7 days. That said, it is important to remember that the duration also depends on the mobile casino sites, the transaction is completed much faster.
Since this process does not encompass third parties, it is extremely secure and ideal if you want to deposit and withdraw your money. The process of transferring money remains within the two banks. Also, banks are nowadays using top-notch encryption and security technologies in a bid to enhance the customers’ private information.
Casino Deposit Limits
The bank wire for casino deposits limits differs and vary from one casino to another. Nevertheless, the deposit limits for bank wire transfers are higher when compared to others. That is why high rollers who deposit and withdraw large amounts of money prefer this mode over other payment options.
How to Deposit Money to Casino Account using Bank Wire?
Below is how to Deposit or wire money to casino:
- Log in to your account. If you do not have one, simply open an account at the casino of your choice. The best bank wire casino list above would be a great place to start since all accept this form of payment. You will need to make a deposit in an online casino if you need to play for real cash.
- Deposit money to your account. You do this by going to the cashier option and selecting the bank wire transfer option on the deposits section. A pop-up window where you will enter your bank and personal details will appear. The pop-up window also contains the IBAN and the SWIFT code.
- Select the amount to transfer and click on deposit to complete the transaction. In some instances, the operators may require that you get in touch with the customer service.
What are the Commission Fees?
The processing fees range from $5 to over $50. These charges are dependent on the cash amount, the bank, and the casino website. In most instances, deposits attract minimal if any transaction fees which means that it is cheaper to make online gambling deposits. However, withdrawals come with a processing fee that the player must take care of.
Wire transfer casinos come with a variety of real money games that players can enjoy. These games include:
- Slot games for real money online, such as Cleopatra, monopoly, starburst, and Gonzo’s Quest. These games are recognized for their high payouts and great odds.
- Table games such as online roulette Canada, craps, poker, baccarat, and blackjack. These games are easy to play come with variations that make them attractive to more people.
- Live dealer games where Canadian players get to enjoy live games from the comfort of their own homes. Live dealer games range from Live Poker to live football.
From the above review of Bank Wire casinos, there is no doubt that bank wire transfer is among the most reliable banking methods of depositing and withdrawing money for online gamers. While the charges may be higher when compared to other modes of money transfer, the safety and popularity of this money transfer methods puts it ahead of the likes of PayPal casinos, eCheck, Skrill.
What is a Bank Wire Transfer?
This is a financial transaction where money is sent from one entity to another. The entities involved complete the gambling transactions through their banks.
Are wire and bank transfers safe to use?
Yes, wire and bank transfer method are among the most secure and safest way of sending and receiving money.
Are there any commission fees?
Yes, the online casinos accept bankwire option attracts transfers to attract commission fees. The amount fee is dependent on the amount, the bank, and the casino. Withdrawal attracts more fees that deposits.
Bank Transfer Casino Deposit Limits?
The casino deposit limit varies depending on the terms and conditions. However, the amount is generally higher than the average deposits that one can make through other methods available for gambling in Canada.