Wire Transfer Bingo Sites
If you want a safe and secure way to deposit funds at your favourite online bingo site, then wire transfer should have you covered – it’s a method that lets you make transactions without the money being sent via the internet.
Never used wire transfer? No worries – just scroll down to the bottom of this page and read on to discover more about this payment method.
Once you’ve read up on the ins and outs of wire transfer (or if you’re a seasoned expert in this method) then on this page you’ll find a list of bingo sites that accept wire transfer as a payment method, so you can get started right away.
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Wire Transfer IntroductionWire transfer isn’t as common a method of sending money as it used to be (thanks to quick and safe newer options such as online banking and e-wallets), but it’s still around, and many online bingo sites still accept it as a way for you to deposit. All the term “wire transfer” means is to send money electronically from one bank account to another. It’s a very safe method of sending money – even if it’s a lot slower than online transactions – as it means your details aren’t being sent over the internet.
Background HistoryWire transfers actually date back to 1872, when Western Union would “wire” money that had been paid to that office by a sending customer to another office via telegraph (while also using passwords and code books), to be paid out to the receiving customer. Within a few years, this service was transferring almost $2.5 million every year. Nowadays, you can use companies such as Western Union to undertake wire transfers, or you can do it through your bank – make sure you check first that it’s a service your bank offers, as not all do.
Wire Transfer and Bingo SitesMany online bingo sites accept wire transfer for both deposits and withdrawals, although it’s important to remember that this method can take up to a few weeks – meaning that if you’re looking to play straight away, it’s probably not the best option for depositing. A lot of online bingo sites’ bank accounts are based abroad, so most banks will charge fees to conduct wire transfers to these accounts – another thing to bear in mind if you want to use this payment method.
Fraud ProtectionBecause no information is sent over the internet, wire transfer is a very safe and secure method of depositing. It also requires both accounts – in this case, the bingo site’s account and the player’s account – to be verified, so you know you’re sending money to and from legitimate accounts.
How To Sign Up for Wire TransferFirst, you’ll need to check that your bank actually offers the option to send money via wire transfer – if it doesn’t, you’ll need to use a company such as Western Union to handle the transaction. You don’t need to sign up for anything as long as you’re already using a bank (if not, you’ll have to make an account at the company you want to use), but you will need your bank account number, your routing number (contact your bank if you do not have it), and the SWIFT code of your bank (contact your bank for this code). Once you have all this information, send it to the bingo site and they will provide you with details to make your deposit.
Advantages and Disadvantages of Wire TransferAdvantages of Wire Transfer:
- Very secure as it does not need the internet.
- If your bank offers the service, you don’t need to make any new accounts.
- Ideal for transferring large sums of money.
- No fees if sending money across the UK.
- Fees apply if you’re sending money abroad (and many bingo sites accounts are based outside of the UK).
- It’s one of the slowest methods to transfer money.