Bank Transfer Gambling Sites

Bank Transfer Icon

Sometimes the old-school ways of doing things are still the best, and that’s certainly the case when it comes to bank transfer gambling sites.

Who needs the hassle of holding multiple accounts with alternative payment providers, each of whom will take a fee along the way, when you can just do a good old-fashioned bank transfer and load your account with money directly?

We’ve put together this list of the best bank transfer gambling sites. You’ll find casinos, sportsbooks, poker sites, and even bingo sites among them. Some offer a blend of all of these gambling services, but the one thing they all have in common is that you can deposit and withdraw by bank transfer.

Our Top Gambling Sites that Accept Bank Transfers
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1.

Rating 4/5

100%

up to €122

  • Great live sports betting
  • Many banking options
  • Variety of live dealer games

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2.

Rating 4/5

100%

up to $200

  • Massive amount of markets
  • Pioneer in Esports betting
  • Statistics on site to help bettors

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3.

Rating 4/5

100%

up to $250

  • Solid menu of promotions
  • Easy banking process
  • Sharp-looking site

What Is a Bank Transfer?

If you’ve ever sent money to a family member on their birthday, you’ve already done a bank transfer. In fact, most of us do them at least a few times a year for all sorts of purposes.

In case you’ve never done one before, let us reassure you that it’s as easy as A-B-C. We’ll get into this in a little more detail later, but all you have to do is log into your bank account, enter the bank details of the gambling site, choose the amount, and send the money.

Millions of bank transfers take place all over the world every day, and lots of gambling sites accept them. You can even send bank transfers to gambling sites overseas.

Pros and Cons of Gambling with Bank Transfers

Pros

Cons

How to Sign up for Bank Transfers

You won’t need to sign up for any extra accounts to make bank transfers. However, you will need a bank account. If you don’t have one, this guide will talk you through how to get one.

1 – Decide Which Bank You Want to Apply To

There are lots of options when it comes to bank accounts. From simple savings accounts to checking accounts, a bank manager will be able to talk you through your options. We would say that to conduct a bank transfer, you’ll need at least a checking account.

Whichever type of account you apply for, make sure you ask the bank to enable internet banking. That’s going to come in handy for gambling online.

2 – Fill out the Application Form

You can either do this in the branch or via the mail. These days, you can apply online at most banks if you prefer. If you do it in a branch, your account will often be opened there and then, whereas if you do it online, it can take a few days. You’ll usually have to deposit some money into the account – at least the amount you want to gamble with and a little extra to keep the account balance above zero.

3 – If the Bank Accepts, That’s It

The chances of getting rejected for a basic bank account are next to zero. You would have to be associated with a group on a government watchlist or something similar to be turned down. As long as you have legal status in the country you’re in and have paperwork to prove who you are, it should be a cake walk. Banks want you to store your money with them. They’ll do everything they can to help you open an account successfully.

Once these three steps are complete, you’ll be able to deposit and withdraw at a wide range of online gambling sites.

How to Deposit Using Bank Transfers

1 – Log into Your Bank Account

Internet Banking Login

You can go down to the bank and fill in some paperwork to do a bank transfer, but in all honesty, since you’re reading this on an internet-connected device, it’ll save a bunch of time if you make use of internet banking.

The first step is to log into your bank account using the details the bank gave you. This will usually include your account number and a secret password known only to you. Each bank is different, so read the instructions on using internet banking on their website.

Some banks have extra security measures such as one-time verification codes sent via SMS or the need to enter a code generated on a mobile app to log into your account online. This may seem inconvenient to you, but believe us when we tell you it makes things much safer. You don’t want hackers stealing your jackpots, do you?

2 – Navigate to the Payment Section

Again, each bank is slightly different in the way that it does things. The section you’ll need to use is sometimes called “payments,” but it could be called “transfers” or something similar. We’re sure you get the idea.

You’ll then need to select the option to create a new payment, at which point you’ll be asked to enter the details of the recipient – in this case, the gambling site. You’ll find all the necessary details in your gambling site account, but you can ask the customer support team to confirm anything you aren’t sure of.

The screenshot below is an example of the sort of details you’ll need to enter to complete a bank transfer.

Bank Transfer Screenshot

Some banks may ask you for other information such as the recipient’s address, but again, all of this will be available on the gambling site.

3 – Enter the Amount and Send

This is the part where you need to be careful. Only enter the amount you want to send, and be sure to account for any extra fees the gambling site charges for bank transfers. Most of them won’t charge anything on deposits, though. Also be aware that some banks will charge extra fees for gambling site transactions. You’ll find this sort of information in the terms and conditions.

Once you’ve entered the amount you want to bet, it’s time to hit that “send” button. How long it takes the funds to arrive will depend on multiple factors, including whether you’re in the same country as the gambling site and whether you use the same bank it does. Be sure to figure this out first – there’s nothing more frustrating than missing a bet you want to make because of slow bank transfers.

How to Withdraw Using Bank Transfers

1 – Navigate to the “Banking” Section of Your Gambling Site Account

If you’re thinking about making a withdrawal, congratulations – you must have been lucky! Now it’s time to get what’s rightfully yours and enjoy it. The first step is to navigate to the withdrawals section of the casino, which is often found under tabs like “Cashier,” “Account,” or “Banking.”

Once there, navigate to the withdrawals section and select bank transfer. It will look something like this:

Gambling Site Withdrawal

As you’ll see from the screenshot above, bank transfers aren’t the fastest way to get your money. However, many gambling sites will only allow you to withdraw the same way you deposited due to strict laws about money laundering. If you deposited by bank transfer, you’re going to have to be patient.

2 – Choose the Amount You Want to Withdraw

Many gamblers seem to think you have to take everything out when you win, but that’s not the case. You’re free to leave as much of it in your account as you wish as long as you meet the minimum withdrawal requirements.

Enter the amount you wish to withdraw and confirm your details. The gambling site will already know your bank account details based on your deposit. Most sites remember them to make it convenient for you to deposit and withdraw as frequently as you like.

When making withdrawals, be sure to consider any minimum withdrawal requirements, any withdrawal limits, the time it might take the gambling site to verify your withdrawal, and any fees which may apply.

3 – Withdraw and Wait

This is the hard part – sitting tight and waiting for your funds. Bank transfers can take between 2 to 10 days, depending on where the site is based, where you’re based, and lots of other factors. If it’s an international transfer, we’d expect to wait five business days at least.

Be patient. Your funds will arrive eventually, and you’ll be able to enjoy the fruits of your…well, not quite labor, but mental labor!

Other Banking Options Like Bank Transfers

If you want to enjoy most of the advantages of traditional bank transfers while eliminating some of the drawbacks, check out the following similar payment methods:

Countries That Accept Bank Transfers

You can send and receive bank transfers to and from just about every nation on the planet. Unless a country is sanctioned, such as Iran or North Korea, its residents will be able to send bank transfers internationally.

Gambling Payments Screenshot

History of Bank Transfers

1872
Bank transfers are sometimes also called wire transfers, and the first instance of them being used traces all the way back to 1872 when Western Union launched them on its telegraph network. This involved the use of passwords and code books which are still used in bank transfers today.

1877
Only five years after it was first launched, the Western Union wire transfer service was being used to move over $2.5 million per year. That was quite a bit of money back in those days.

1920s
By the 1920s, bank transfers had become widespread, and banks began to issue credit and debit cards.

1950s
Credit and debit cards didn’t really catch on until Visa took the lead in the 1950s, though, and that’s when the world embraced cards linked directly to bank accounts, making manual bank transfers seem a little old fashioned.

1980s
The first internet bank transfers were beginning to take shape in the early ‘80s, although they were nothing like what you experience today. Bankers mostly used them, and they involved complex regalia such as numeric keypads to send tones down a phone line to give instructions to banks. Yikes!

2000s
While internet banking continued to grow throughout the ‘90s, it wasn’t until the 2000s that it really took off. When companies like Amazon and eBay made it commonplace to pay for things over the internet, that’s when e-banking and online bank transfers really started to catch on.

Today
Things have come leaps and bounds since the good old days of Western Union telegraph transfers. Now, innovative companies like Ripple are launching rival banking systems which aim to take on SWIFT and make instant bank transfers across the globe possible. Whether or not they’ll succeed remains to be seen, but it’s off to a good start. If the cost and lag time is eliminated, bank transfers could see a resurgence in popularity.

Bank Transfers F.A.Q.

Are there any extra fees for using bank transfers as a casino payment method?

There are rarely fees for depositing via bank transfer, but there are often fees for withdrawing by this method. If the withdrawal is within the same country, it’s unlikely to cost much, if anything, but as soon as money starts crossing borders, that’s when the fees start adding up. An international wire transfer can cost between $20-$50.

Why are bank transfers so slow compared to PayPal and other payment methods?

This is because of the legacy banking system run by SWIFT. If you do an international bank transfer, the money will have to move through multiple banks along the way. This is just how correspondent banking works. Each bank will have to verify it and move it along the chain until it reaches you. However, this is all set to change in the next few years, and it’s highly likely that international bank transfers will be as fast as sending an email sooner than you think.

If I’m abroad, can I still log into my internet banking to make a bank transfer to my casino account?

You can, but it’s highly advisable to tell your bank where you’ll be traveling and for how long first. If you try to log in from another country without informing them, they’ll lock your account down immediately. This is for security purposes and is a reassuring thing as far as we’re concerned.

Why can’t Americans use bank transfers to gamble online?

In 2006, the Unlawful Internet Gambling Enforcement Act (UIGEA) became law. This made it illegal for US banks and payment providers to facilitate online gambling transactions. This is why many US players prefer to use Bitcoin to gamble online.
Jim Beviglia
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About Jim Beviglia
Jim Beviglia has been a gambling writer at LegitGamblingSites.com since 2018. During that time, he’s written just about every type of article related to gambling, including reviews of betting sites, guides to popular casino games, betting tips on both casino and sports betting, sports and casino blog posts, and game picks. In addition to online gambling, one of Jim’s other major interests is music. He has been doing freelance work for various music sites and magazines for two decades. Among his outlets past and present are American Songwriter, VinylMePlease, Treble, and The Bluegrass Situation. Jim has also written five books on music that were published by Rowman & Littlefield.