Wire transfer or bank transfer is the most popular and reliable deposit method used by South African online casino game players. It is a famous payment method that has been around for ages and is accepted by many casinos, more than any other payment option. Wire transfer is one of the easiest ways of depositing and withdrawing money online. However, it is not as quick as other available options such as Visa, Citadel, Entropay and other instant options. It is still a recognizable transfer method that works well for some gamers, it is reliable and secure. You do not leave your financial details at the casino site.
Wire transfer is executed through a bank, it can be an interbank transfer or internal transfer. Interbank transfer is when a transaction is when a remitting bank and the beneficiary bank are two different companies. Funds are transferred from your bank account to the online casino’s bank account. The transactions attract a certain transfer fee, the fees differ from bank to bank. Wire transfer allows you to make deposits and withdrawals at an online casino.
How to use wire transfers at South African casinos
You can make deposits and withdrawals into and out of your online casino account. The first thing you should know to check is if your casino accepts wire or bank transfers. Give an instruction to your bank with the amount you want to transfer from your bank account to the casino’s bank account. The other option is to make a wire transfer via your internet banking. This saves you the hassle of having to call your bank. Same bank transfers are instant and interbank transfers can take some time to settle depending on the efficiency of the bank. For an international deposit, you’re required to get the casino’s bank SWIFT code, account number and account name.
Some banks can allow you to make an instant bank transfer through different channels or systems that facilitate instant transfers. Once the funds are received by the online casino you can play your favorite games. Most casinos take the local currency ZAR and other popular currencies including the US Dollar, British Pound, Euro and Australian Dollar. Withdrawals are directly credited to your account once you make one.
Deposits and withdrawals using wire transfers are preferred by many people because they are safe. However, if you want to play immediately this option might not be the best for you. This is because it takes longer to transfer funds.