Why Bank Wire Transfers Might Be Your Best Bet at Canadian Online Casinos

The last thing you want to do after a successful round of your favourite game is to get stuck at the Cashier screen. Bank wire transfers do not carry quite the same flair as some of the more contemporary options that players have access to these days. However, there is something to be said for a payment method that has been around since the 19^th century.

Put simply, a wire transfer is an electronic transfer of your funds between two accounts within a secure network. In the olden days, this used to involve the sender visiting the telegraph office, where a “wire” with the receiver’s personal information would be sent (hence the name).

Fortunately, you can now send money via wire from just about anywhere. This includes to and from, many of your favourite wagering site.

A bank wire effectively takes the money from your bank account and sends it to the casino’s account. Allowing you to send and receive large chunks of change, relatively hassle-free.

The basic steps for any wire transfer transaction at Canada’s best online casino sites can be outlined as follows:

• Register: choose a site that offers bank wire transfers and register for an account.
• Transact: find the Cashier or Banking page once you are ready to make a deposit or withdrawal.
• Select: locate and choose the bank wire transfer option.
• Verification: you may need to complete additional verification steps during your first bank wore transaction.
• Initiate: input your information and follow the prompts to confirm the details of the transaction.
• Confirmation: complete the transaction and wait for confirmation that the money has been sent or received.

Make a deposit using bank wire at Cashed Casino

Why this method is favoured by so many players

Bank wire transfers are a somewhat underrated option, but this banking method actually holds some remarkable benefits for serious players. This includes:

1. Unmatched security

This process moves funds directly between bank accounts. This significantly reduces the risk of fraud or interception along the way.

2. High transaction limits

This method is a particularly popular choice amongst high rollers because it allows players to transfer large sums of money with ease.

3. No third-parties

Bank wire transfers typically do not involve any intermediaries. This makes the process even more secure and can lower transactional costs.

Reflecting on a few of the possible drawbacks

It’s important to remember, however, that wire transfers are not infallible.

This payment method also has a few disadvantages to consider:

1. Slow processing times

It can take several days for funds to be moved between bank accounts, which is not always ideal if you want instant access to your winnings.

2. Added fees

The cost of transferring money will vary depending on the institution you bank with, the amount of money you send and the destination. This is why it is always important to check the fine print, before you complete an exchange.

3. Complexity

The wire transfer process is slightly more involved than other popular methods and is not always reversible.

Every banking method has its pros and cons.  In order to ensure that depositing funds and cashing out those wins is always a breeze, it is important to find the payment system that is right for you.

A quick comparison of the most popular options reveals the following key details:

Easy-to-follow tips for using bank wire transfers like a pro

If you are a high roller looking to send large amounts of money, or you simply feel like giving this method a try, there are a few things you can do to ensure that your deposits and withdrawals go smoothly.

• Always double-check the details before initiating a transfer to avoid any errors
• Keep an eye on your account to ensure the transaction is processed correctly
• Remember to reach out to customer support if you have any concerns or questions about your transactions