trophy

BOOKMAKER OF THE MONTH

Bank Wire Transfer and Betting – Using your bank account on Online Bookmakers

Using a bank wire transfer to top up your bookmaker balance is one of the oldest and safest ways of completing a transaction with an online bookie. In essence, it’s pretty much the same as making a regular payment or sending money through a bank, however the use of the internet has obviously made things a lot easier for every party. This guide will offer you an inside look on the advantages and disadvantages of using a bank wire transfer and give you some tips that will hopefully improve your betting experience.

Betting through a Bank Wire transfer

The main reasons for opting for a bank wire are security, ease of use and extremely high limits. You don't need to go through the lengthy process of creating and verifying an e-wallet or a credit card. You simply have to log in to your bank account, select the according payment reason on the e-banking service, enter a certain code, confirm your deposit and your money will be delivered in a few moments (or days), with no added charges. In most cases you will not be subjected to any limits and should a technical issue arise, you can easily solve it by contacting your bank's customer service.

However, there are various drawbacks when you are using your bank account to top up your bookie balance. The most important one is the time it takes for the payment to be delivered. Although this procedure is in most cases instantly concluded, a bank wire transfer may take several days to be completed on some bookies, which can be prove to be extremely frustrating when you want to place a bet quickly. What is also a bit annoying is the fact that if you wish to withdraw your money, you will have to make a bigger withdrawal compared to other payment methods (e.g. 50€) and also pay a certain fee.

Τop 5 bookmakers that accept Bank Wire

22bet
7.8/10
7.8/10

Players Rating: (11 Rates) 7.3

8.3/10

Players Rating: (16 Rates) 6.7

1xBet
100% Bonus up to €130
Exclusive Code: BOOKSPY
BOOKSPY
exclusive
VISA
Mastercard
Skrill
Add Exclusive Promo Code: BOOKSPY. Get €130 or 30% Extra Bonus in local currency.
Bwin
8.4/10
8.4/10

Players Rating: (12 Rates) 8.0

22bet
7.8/10
7.8/10

Players Rating: (11 Rates) 7.3

8.3/10

Players Rating: (16 Rates) 6.7

1xBet
100% Bonus up to €130
Exclusive Code: BOOKSPY
BOOKSPY
exclusive
VISA
Mastercard
Skrill
Add Exclusive Promo Code: BOOKSPY. Get €130 or 30% Extra Bonus in local currency.
Bwin
8.4/10
8.4/10

Players Rating: (12 Rates) 8.0

Understanding the various terms

Before we go into details concerning your transactions, we need to clarify four things. The IBAN number, the reference number, the VAN code and the SWIFT/BIC code. The IBAN number basically acts as the id of your account and offers a more convenient way of paying, instead of having to fill in various bits of information. The reference number, is a unique code that the betting company provides to the player, in order to specify where he should send his money. The VAN code (virtual account number) works the same way as the reference number, but is only used on Fast Bank Transfers. Finally, every time you wish to send money from your bank account to a bookie, you will be requested to enter a Swift/BIC code. This stands for Bank Identifier Code and acts as a referral to your bank. You can find the IBAN and the BIC codes on your bank account.

Making a deposit

This is actually pretty straightforward. All you need to do is go to the e-banking section of your bank’s website and select “payments”. In most cases you will have to justify this payment on the “other types” form and enter your bookmaker’s name. For the next step, you simply have to fill in your personal deposit code found on the bookie's website (usually on the bank deposit menu) and confirm the payment. The time it takes before your money is credited, varies from one bank to the other and might take from a few moments up to a couple of days.

If you do not have an e-banking service linked to your bank account, or simply are a man of tradition, you can complete a deposit through a cashier by going to the bank. What you will need (besides your passbook and id) is once again the name of the betting company, in order to state your payment and your personal deposit code. The time it takes will likewise vary depending on your bank and bookie.

Finally, you might wish to make a deposit through American Express or a cheque. For the latter, unless you are planning on going to a bank teller, you will have to contact your bookmaker to make sure they accept such an option and to receive their mailing details. You must wait between 5 days and a month before your cheque clears. If you want to use American Express, then it’s best to fund an e-wallet or buy a pre paid card, as you are likely to be heftily charged, besides the fact that most bookmakers do not accept this type of deposit method.

Making a withdrawal

You must choose the “bank account withdrawal” option on your bookmaker. If you have not already entered your bank account’s details, you will have to do so. Make sure to double check every bit of information you fill in, if you wish to avoid any technical issues, and pay extra attention on entering the correct IBAN number. Upon having entered your personal info, you need only state the amount you wish to withdraw, enter your bookmaker password and click the confirm button. You will receive your money in about 3-5 days, minus a certain fee that each bank places on every transaction.

Other bank deposit methods

There are a few ways of topping up your account through a bank, however we will cover the two most commonly used, besides a normal, local transaction.

The fast/instant bank transfer, made their first appearance in 2008. They offer the fastest way of sending money between two accounts from two different banks, usually taking a few minutes. It can be used on betting, if your bank is not accepted on a bookmaker.

An international money transfer can be used when you wish to punt on a bookmaker on a foreign country, or if you do not have a local bank account. You will have to state your IBAN, your bank’s SWIFT/BIC code and pay a somewhat hefty fee.

Bank Wire Security

If you decide to make a deposit via a bank wire transfer, then it will be completed under the highest level of security. Obviously any e-wallet, pre paid card or other type of payment can rightfully be considered as safe, however it can never offer you the same guarantees of stability and security as a bank does. Each and every transaction is monitored and recorded both on the bookmaker’s and the bank’s database, making your bank account practically impervious to any hacking or scamming attempts. This is due to the use of SSL encryption technology that monitors every connection on the bank’s server and will block any hacking attempts. What is also equally important, is that compared to other payment methods, a bank will never be subject to certain restrictions from a gaming authority, as they are already being strictly regulated to prevent any money laundering activities.

Pros and cons using Bank Wire

Pros

  • Accepted on almost every bookmaker
  • Added security
  • High limits on deposits
  • Instant deposits in most cases. This may vary depending on your bank & bookmaker.

Cons

  • Long waiting times on withdrawals (up to 5 days) and deposits on rare cases
  • Higher limits placed on your minimum withdrawal amount
  • Every withdrawal is charged with a certain fee.

Where to bet using Bank Wire

Bookmakers Rating Why to Bet Why to Bet Bookmakers Bonus  
22bet 22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
Code:
Bet Now
1xBet 1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Code: BOOKSPY
Bet Now
Bwin Bwin
  • 50+ sports
  • Cards & Corners
  • Edit my bet
  • 50+ sports
  • Cards & Corners
  • Edit my bet
High Odds
Code:
Bet Now
888sport 888sport
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • Code:30FB
€30 Free Bets
Code: 30FB
Bet Now
Mr Play Sports Mr Play Sports
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
High Odds
Code:
Bet Now
Vbet Vbet
  • 250+ extra markets
  • Many outright & special bets
  • Multi-View
  • 250+ extra markets
  • Many outright & special bets
  • Multi-View
Up to €20 Freebet
Code:
Bet Now
Librabet Librabet
  • High odds on football
  • Huge variety of betting markets
  • Intriguing welcome bonus
  • High odds on football
  • Huge variety of betting markets
  • Intriguing welcome bonus
100% up to €100
Code:
Bet Now
CyberBet CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKMAKERSBET
100% up to $250
Code: BOOKMAKERSBET
Bet Now
Bet365 Bet365
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
€25 Bet Credits
Code:
Bet Now
Betiton Betiton
  • 94%+ payout on tennis
  • 180+ alternative bets on top leagues
  • Lots of alternative HC’s on basketball
  • 94%+ payout on tennis
  • 180+ alternative bets on top leagues
  • Lots of alternative HC’s on basketball
Bet €15 Get €10
Code:
Bet Now
Bookmakers Rating Why to Bet Why to Bet Bookmakers Bonus  
22bet 22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
Code:
Bet Now
1xBet 1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Code: BOOKSPY
Bet Now
Bwin Bwin
  • 50+ sports
  • Cards & Corners
  • Edit my bet
  • 50+ sports
  • Cards & Corners
  • Edit my bet
High Odds
Code:
Bet Now
888sport 888sport
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • Code:30FB
€30 Free Bets
Code: 30FB
Bet Now
Mr Play Sports Mr Play Sports
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
High Odds
Code:
Bet Now
Vbet Vbet
  • 250+ extra markets
  • Many outright & special bets
  • Multi-View
  • 250+ extra markets
  • Many outright & special bets
  • Multi-View
Up to €20 Freebet
Code:
Bet Now
Librabet Librabet
  • High odds on football
  • Huge variety of betting markets
  • Intriguing welcome bonus
  • High odds on football
  • Huge variety of betting markets
  • Intriguing welcome bonus
100% up to €100
Code:
Bet Now
CyberBet CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKMAKERSBET
100% up to $250
Code: BOOKMAKERSBET
Bet Now
Bet365 Bet365
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
€25 Bet Credits
Code:
Bet Now
Betiton Betiton
  • 94%+ payout on tennis
  • 180+ alternative bets on top leagues
  • Lots of alternative HC’s on basketball
  • 94%+ payout on tennis
  • 180+ alternative bets on top leagues
  • Lots of alternative HC’s on basketball
Bet €15 Get €10
Code:
Bet Now

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

Making sure you use the safest way to deposit to your favorite US sportsbook, implies checking out Money Order as well. By money order, the bookmakers...

Read more »

Formed in 2015, Monese is one of the UK’s first mobile-only banking services. Since being founded, the company has built a solid reputation as a relia...

Read more »

Paysafecard has been synonymous with online betting since its inception, and that still stands true today. If you have placed any online bets in the p...

Read more »

Since betting from your smartphone became the standard, it was natural for mobile payment options to grow in popularity as well. And Zimpler is the pe...

Read more »

Paysera is a payment with global coverage. It has significantly impacted the gambling industry in the last couple of years and has become very popular...

Read more »

From the beginning of the online gambling industry, Neteller played a prominent role in shaping the way payments went through. A wide presence on book...

Read more »

Sticpay is an e-wallet established in 2018 and has become a prevalent gambling method, especially in Asia. Many bookmakers offer Sticpay as a payment ...

Read more »

Not only is American Express one of the first monetary institutions both in America and around the world, but they also deliver one of the best ways f...

Read more »

Przelewy24, or P24 as it’s often referred to the punters, is without a doubt the most popular local payment method in Poland. It allows instant deposi...

Read more »

Neteller is one of the most famous global payment services and is accepted by almost every betting site in India. It offers numerous benefits to any g...

Read more »

LIST OF TOP BOOKMAKERS
22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Bwin
  • 50+ sports
  • Cards & Corners
  • Edit my bet
High Odds
Rabona
  • 20.000+ live events per month
  • 95%+ on Top 5 leagues and NBA
  • Alternative handicaps on basketball
100% up to €100
888sport
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • Code:30FB
€30 Free Bets
Mr Play Sports
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
High Odds
Vbet
  • 250+ extra markets
  • Many outright & special bets
  • Multi-View
  • Code:100%
Up to €20 Freebet
Librabet
  • High odds on football
  • Huge variety of betting markets
  • Intriguing welcome bonus
100% up to €100
20Bet
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKMAKERSBET
100% up to $250
Rolletto
  • 95%+ on tennis
  • Alternative spreads on basketball
  • Asian View
120% up to €240
Mystake
  • Few country restrictions
  • 1,000+ pre match events daily
  • 400+ football markets
100% up to $500
Zodiacbet
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
Bet365
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
€25 Bet Credits
Betiton
  • 94%+ payout on tennis
  • 180+ alternative bets on top leagues
  • Lots of alternative HC’s on basketball
Bet €15 Get €10
LATEST BOOKMAKER PROMOTIONS