What is Bank Wire casino and how to use it?
Gamblers in Australia, who use any Bank Wire casino, might belong to conservative people in a good way. Simply, Bank Wire is one of the very first types of translations. The process involves the sender, the recipient and the third party, the intermediary (an agent bank or a payment system).
Wires are carried out not only within one country but also beyond its borders. Here, the sender pays for the money transfer; the recipient does not need to pay anything. This system is convenient, in particular, for electronic payments via the Internet, or other Internet services as well as for online casino deposits and withdrawals.
Using the Bank Wire casino in Australia
The main feature of the AU Bank Wire casino transaction is that some intermediaries can set minimum amounts for money transfers and limit amounts, especially for individuals. In addition, unlike some other payment systems, transfers can be implemented both in national (Australian dollars) and in any other convertible currency (Euros, USD, Pounds). The recipient has the right to choose which currency is more convenient for him to receive.
The amount of commission for this operation is determined by each bank individually. As a rule, it varies from 0.5 to 2% of the transfer amount. In addition, partner banks set a minimum commission in a fixed amount, sometimes quite a lot. Therefore, using the Wire system, it is more profitable to make transfers of large amounts. When it comes to Bank Wire casinos, transactions involve over 500 dollars for an operation.
Features of Wire casino transfers
The speed of these operations is low: they take usually from 1 to 3 business days, however, in this case, the difference in time zones, the work schedule of the branches of partner banks, the time of the transfer, and the like also play a role.
In addition, the transit time from the sender to the recipient often increases due to the fact that the bank security system checks the client for reliability. A distinctive feature of Bank Wire casinos is a high degree of security of financial transactions and information protection. This system has been working for years, and it has proved its reliability.
Deposit using this system
When a player who is interested in what is Bank Wire question decides to use this system, he has to be ready that he will “pay” for the service reliability. The time will be this payment. However, with a deposit operation, everything is faster. The procedure looks like this:
- The Aussie player registers at the chosen Bank Wire casino;
- He gets and provides all needed data required for transactions (IBAN, BIC, sometimes, SWIFT);
- He orders the money transfer to the casino: the sum is supposed to go to his player’s account. It can be done both online and offline, and the commission for the operation depends on the bank policy;
- When a bank checks and verifies everything, the money will be transferred to the player’s account.
To sum it up, maybe this payment method won`t attract new users, but it now remains a trustworthy reputation.