Bank Wire Sportsbook Deposits
Direct money transfers from your bank account are a popular and highly effective way to move funds around online, and this fact is not lost on bettors interested in placing wagers on their favorite sports over the internet. In fact, most of the internet betting industry’s top legal offshore sportsbooks all accept bank wire deposits and in a few key ways incentivize their players to pick this particular option when account holders are looking to upload funds to their bankroll. While bank wire deposits – referred to variously as wire transfers, bank transfers or even as credit transfers (though don’t confuse bank wires with credit card deposits!) are actually one of the simplest, fastest and most cost-effective means of adding funds to your account, not every prospective bettor has a solid understanding of how this option works.
That’s where our comprehen sive guide to bank wire deposits comes in. We here at aim to provide our readers with all the information they need about sportsbook deposit methods, which of course includes a thorough discussion of the ins and outs of bank wire deposits. Read on if you are interested in learning more about the many advantages to using this option the next time you get ready to add funds to your wagering account before the next big game, including info any applicable fees, bonus offers and especially the turnaround times associated with bank wire deposits.
Are American Players Able To Deposit With Bank Wires?
American players are able to deposit with bank wires, and they have been able to do so even during the online sports betting community’s darkest days, those being the few years after the 2006 passage of the Unlawful Internet Gambling Enforcement Act (UIGEA). In fact, the legality of bank wire transfers was never really in question when it comes to being a viable method for bankrolling your online wagering account. Even when the infamous law made it illegal for USA based financial institutions to process credit card transactions if they were related to online wagering of any kind bank wire deposits were still a safe option for bettors based in the United States.
That is because there is really no way for a law to be passed at either the federal or state level that could make it illegal for one individual to send fund from their bank account to the bank account of another trusted individual. Fortunately for our American readers interested in bank wire deposits, there is even less of a chance that any such law would be practically enforceable at any rate. This is particularly true if the two parties (that would be you and the offshore sportsbook) are both above the board when it comes to your business dealings, and the sportsbook sites we recommend for our readers are all 100 percent legal, reputable, licensed and regulated business entities.
The actual practice of betting using bank wire deposits is pretty darn easy, all things considered. In many ways this is the simplest form of loading funds into your wagering account at sites like BetDSI, BetOnline and SportsBetting (those being some of the leading betting websites that accept bank wire deposits). Basically, only a check in the mail is a more reliable means of bankrolling your account, and bank wire transfers are decidedly easier and more cost effective, to say nothing of being imminently faster and more reliable, than something like a Western Union money gram. In essence, all you need to do in order to place a bet using bank wire deposits as your capital is to make sure you have the necessary funds in your bank account of choice and that you click the right buttons on your wagering account’s page.
Though we could always go into a longer explanation, the gist is this: log into your sportsbook account and head over to the banking section, then select bank wire deposits as your preferred method from the sportsbook’s drop down menu. You will most likely need to enter some proof of identification, but the most crucial part to include is info like your bank account number, the routing number associated with your checking or savings account of choice, and so on. Once you’ve done that, the sportsbook itself will take care of the rest, but essentially from there out all that remains to do is wait – and the good news is you won’t typically have to be waiting long until your funds are uploaded into your wagering account.
Bank Wire Deposit Speeds
One of the leading reasons we recommend bank wires to our dedicated readers here at SportsbookDepositMethods.com is the speed with which these transactions are processed. In general, bank wire deposit speeds range from quite quick to only moderately lengthy. At best, you are looking at a wait time of a few minutes – that’s pretty close to what passes for instantaneous in the online sports betting world - though deposits made using cryptocurrencies like Bitcoin, Bitcoin Cash, Dash, Ethereum and Litecoin will be faster still. At worst you may need to factor in a wait of a few hours or perhaps even a day or two, though most of the sportsbook sites accepting bank wire deposits make some kind of guarantee of 24 hour maximum wait times. This puts bank wire transfers in the same league as credit card or debit card deposits but without much of the risk of having the transaction fail to go through thanks to difficulties getting around the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and its prohibitions for US players.
Bank Wire Deposit Limits
The benefits of using bank wire transfers for loading funds into your betting account keep on coming. To wit: bank wire deposit limits are stratospheric, going far beyond what any other means of adding money into your wagering account at legal offshore sports betting sites will allow. That is no mere hyperbole either, as sites like SportsBetting and BetOnline – both of which are based on the Caribbean island nation of Antigua – have no maximum deposit limit for bettors looking to bankroll their accounts if they use bank wire deposits. Though that fact will no doubt come as music to the ears of the high rollers and legit whales among our readership, it is true that the side effect of this is that bank wire transfers have a higher than average minimum deposit limit of $1,000 – less by $500 than deposits made with a cashiers check, but a great deal higher than the $20-ish minimum deposits allowable if the bettor uses cryptocurrency or even a credit card. Still, bank wire transfers will make a fine choice for the right player if they’ve got the scratch to handle that higher than average minimum limit.
Bank Wire Deposit Fees
Another of the benefits associated with making bank wire deposits at the sportsbook of your choice are the overall lack of fees needed to bankroll your account with this option. Unlike some others (and indeed like bank wire withdrawals, where there could be fees of $45 to $75 assessed on your transaction), there are no bank wire deposit fees that we are aware of at any of the sites that accept wire transfers from their players’ bank accounts. That, like much else when dealing with overseas operators in this segment is subject to change at any time the sportsbook’s show runners decide a change is needed. Sadly there are no domestic operators just yet, though that could be changing any day now if New Jersey is successful in having the U.S. Supreme Court repeal the Professional and Amateur Sports Protection Act of 1992 (PASPA). For now, the best outcome that can be hoped for is that methods like bank wire deposits will not have to have fees attached to them like so many other options for deposits.
While there are no bank wire deposit bonuses at online sportsbooks that are exclusively offered for that particular deposit method, there are plenty of promotional offers available through the sportsbook sites we recommend for bank wire depositors. For instance, SportsBetting, one of the legal sports betting sites that accepts bank wire deposits, offers first time depositors a bonus of 75 percent the initial investment up to $1,000 in value, assuming a 12x rollover, plus a 25 percent cash match bonus over the lifetime of your wagering account on any deposit between $50 and $4,000. BetDSI’s promotional offers in terms of new account bonuses are even juicier: start up a wagering account with this European Union based betting shop and you can get $25 just for singing up – no strings attached. They also throw in a 100 percent cash match on the opening deposit if you use a bank wire deposit and a few different other types of deposit methods.
As we have previously alluded to throughout this guide, there are quite a few sportsbooks serving US players that accept bank wire deposits. However, what you won’t find in this list are operators like the ultra high profile Bovada.lv, probably the biggest name in the legal online sports betting market right now. What you will find though are several solid options, all offering their own unique take on the sports betting hobby and each with several different advantages between them. We’ll get into what makes a few of these industry leaders distinct from each other, but all of our most recommended bank wire deposits friendly sites – those being BetDSI, SportsBetting, BetOnline and 5Dimes – all have several key strengths in common.
First of all, you will be hard pressed as a discerning sports betting veteran to find any shortage of fantastic odds and a wide variety of betting lines on all America’s most popular sports at these sites we recommend. From the NBA to college hoops to the PGA Tour, these sites have action on it all. Additionally, all these sites are widely regarded as the most reputable in the business, and if that was not the case then, frankly, we would not recommend them to our readers. We have your best interests at heart here at SportsbookDepositMethods.com, which is why we set about to create this guide in the first place, including the sportsbook reviews you will find below.
No Maximum Deposit Limit For Bank Wire Deposits
SportsBetting (as well as its stablemate BetOnline) offer what is without a doubt the industry’s best option for high roller types looking to bet on sports: a no limit ceiling on maximum bank wire deposits. No matter how much money you want to make available for betting, if you have it in your bank account and can stand to be without it, SportsBetting will gladly take that amount off your hands and put it in your wagering account. While this Antigua based site’s bonus offers come in at 75 percent of your initial investment up to $1,000, the possibility to extend your playing with the sportsbooks’ money is not usually as great a concern for the real deal whales swimming in the sports betting ocean as it is for more casual players. That makes SportsBetting.ag a very good value indeed, particularly if you are looking to do some long term wagering and you don’t want to have to worry about constantly topping off your account with fundage.
SportBetting also has what is considered to be among the widest selection of current betting odds on most sports, including ones that do not traditionally get as much coverage by American bettors. You will be able to find all the standard live odds on sports like professional baseball, college football, boxing, horse racing and others, but SportsBetting’s betting boards have also got a good stock of futures and props, alternate lines and betting odds on everything from darts to cricket to auto racing, often across multiple national divisions. If you are a serious sports betting enthusiast with serious cash to spend on your hobby, then you probably can’t do much better than picking the bank wire deposits method at SportsBetting’s near perfect hardcore sportsbook site.