Many sports gamblers are no stranger to bankrolling their deposits and withdrawals at bank wire transfer betting sites. These transactions consist of all different money exchanges. They can:

• Involve a third-party facilitator, such as MoneyGram or Western Union
• Be straight-up bank account-to-bank account transfers.
• Third-party-to-third-party transfers, which consist of using a service, such as TransferWise, to exchange money between bank accounts from different countries.

There really is a wealth of options at your disposal when looking at wire transfers. Is that good? Bad? Neutral? We’re here to help you find out.

Our breakdown of Wire Transfer betting sites will cover a ton of information, including:

• How does wire transfer betting work?
• Best online betting sites for bank wire transfers
• Tips for depositing with wire transfers

BetOnline – The Best Wire Transfer Betting Site in the US

BetOnline

100% Sign Up Bonus (Promo Code BOL1000)

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Pros & Cons

Instant deposits

Match a competitor’s bonus

High withdrawal maximums

Higher deposit maximums

Fees

You will not be responsible for paying a fee at BetOnline when making deposits and withdrawals via wire transfers. Your overhead is limited to what your bank or wire transfer service charges to facilitate the transaction.

Speed

Bank wire transfer deposits at BetOnline are processed almost instantly. Withdrawals, on the other hand, will usually take between one and three business to go through.

BetOnline offers a nice mix of luxuries for wire transfer bettors. Their deposit bonuses are competitive, they don’t waste time processing transactions, you don’t have to hit a high threshold on your deposits and, above all, they’re among the most reliable sportsbooks in the business. We highly recommend them.

Read BetOnline Review

SportsBetting – Fastest Payments

Sportsbetting

50% Sign Up Bonus – Up to $1000

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Pros & Cons

Zero sportsbook fees

High withdrawal limits

Speedy processing

Higher deposit minimum

Fees

There will be no fee from SportsBetting.ag to process bank wire transfer requests, but you will still be on the hook for surcharges levied by your bank or wire transfer service.

Speed

Wire transfer deposits at SportsBetting.ag are completed posthaste while their payouts are processed in line with the industry standard of one to three business days.

Wire transfers, like money orders, are subject to higher deposit minimums, which can be annoying. SportsBetting.ag’s minimum (which is sub-$300) is more reasonable, and they back up the process with high withdrawal limits and speedy approval. Use them with confidence.

Read Sportsbetting Review

BetNow – The Lowest Deposit Fees

BetNow

100% Sign-Up Bonus Up to $1000

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Pros & Cons

High maximums

Deposit bonus match up to $1,000

Zero sportsbook fees

Slower processing

Fees

Fees are not charged at BetNow on wire transfer deposits and withdrawals. This unfortunately doesn’t include any fees associated with your bank or wire transfer service. However, specifically on deposits, BetNow has been known to cover the transaction cost for new bettors and returning high rollers. You’ll need to contact customer service to confirm this, though.

Speed

BetNow follows the theme of instant deposits when it comes to wire transfers. It is their payout processing time that could stand to be a little faster. You can still get your money within three business days, but it oftentimes takes the full 72 hours for the transaction to process.

Don’t fret about the extra wait time on payouts. BetNow is a viable online gaming site for wire transfer bettors. Not only are their deposit bonuses some of the best—up to 200 percent!—but you may have the opportunity to forgo the cost of the wire transfer itself.

Read BetNow Review

Bodog – The Best in Canada

Bodog

100% Deposit Bonus – $400 + 50 Free Spins Value!

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Pros & Cons

Low deposit minimums

Instant processing

Zero fees from Bodog

Higher than average fees from wire transfer service

Fees

Though Bodog doesn’t hit you with any specific fees for wire transfer transactions, your wire transfer service or bank are more likely to charge higher prices to complete the exchange.

Speed

Wire transfer deposits at Bodog will be available to use at the sportsbook almost immediately. Their payout service is also extremely fast and ensures your money will be ready within a couple of days, if not hours.

We applaud Bodog for allowing wire transfers for relatively smaller amounts compared to many of their competitors. Combine this with fast transaction processing and one of the most extensive sportsbooks offerings in existence, and you should have little issue absorbing the extra costs that you may incur from your bank or wire transfer service.

Bovada – The best mobile betting site for Bank Wire Transfer

Bovada

50% Sign Up Bonus – Up to $1,000 (promo code ”BVD1000”)

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Pros & Cons

Quick processing

User-friendly mobile design

High spending limits

High deposit minimums

Fees

Bovada does not charge a fee for completing wire transfer transactions. All charges from your bank or wire transfer service.

Speed

As perhaps the biggest online sportsbook on the planet, Bovada has a reputation for ultra-fast deposits and payouts. Transactions made via wire transfer are no different. Deposits are available within a few minutes, and payouts can be ready in as little as a few hours.

Our extensive research has yet to find a mobile sportsbook site that consistently handles e-wallet and wire transfer transactions as seamlessly as Bovada does. Even if you need to have further contact with customer service, they make it easy with a live-chat option that can be used in their app or mobile site.

Read Bovada Review

GT Bets- The best bonus for Bank Wire Transfer

GTBets

100% CASH up to $500

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Pros & Cons

Unique bonus system

Quick deposits

High withdrawal limits

Not-so-great mobile experience

Fees

As is the case for basically every other sportsbook, GT Bets does not charge anything extra to send or receive wire transfers. But, as also is the case with every other online gaming site, you will have to pay for the cost of the transaction charged by your bank account or wire transfer service.

Speed

GT Bets processes wire transfer deposits right away. Withdrawals, meanwhile, are ready within one to three business days.

The bonus available at GT Bets is enough on its own to sway wire transfer gamblers. You get up to 100 percent of your first deposit matched and then up to 50 percent of your second deposit back as well. That’s a serious bonus, and GT Bets pairs it with reliable processing speed on both deposits and withdrawals.

Read GTBets Review

Wire Transfer Betting Facts – How Does It Work?

First and foremost, this deposit method begins by deciding on a transaction type. You have three different ways to go about it: in person, over the phone, or online. All methods work generally the same, though they vary in certain steps.

If you’re wiring money in person, you’ll head to your bank or a MoneyGram, Western Union, etc. provider. At your bank, you’ll need your account number and valid identification, plus the account you’re sending money to, in order to get things done. If you’re sending the money via MoneyGram or Western Union, you only need the method by which you’re paying (like cash) and the recipient’s information.

When wiring money over the phone, your two priorities are the recipient’s information and a valid form of payment. Most bank wire transfer services won’t accept bank accounts over the phone—unless you’re using your bank itself—so you’ll need a credit or e-wallet. They’ll then process that payment method and send your money to its intended destination.

For online wire transfers, you’ll need to visit a third-party site, such as MoneyGram or Western Union, or your online banking provider. Transactions work the same way here. Your online bank will probably ask you to authenticate your identity before choosing which account you’re taking money from and entering where you’re sending it to. Wire transfer services will need a valid credit card or e-wallet in addition to the recipient’s information.

Please note that certain e-wallets can double as a wire transfer service. Some of them, such as TransferWise, have the ability to send money directly to a bank account rather than another e-wallet. While many e-wallets don’t directly offer this service, they do have sister services that do. PayPal is an example of a major e-wallet that does.

One final thing you want to consider is the fees attached to your wire transfer. They will vary by institution and the amount of money you’re sending or receiving. E-wallets and direct bank transfers tend to be cheaper than using third parties like Western Union and MoneyGram, which can charge higher rates depending on the amount of the transaction and the territory the money’s being sent to or from.

Using Wire Transfers at Bookmakers

When wiring money to a sportsbook, it’s imperative you get the information of the account or service that will be receiving the transfer. Your transaction cannot be completed without it. Many online gambling sites list that information on their deposit methods page. Others are set up, so you need to contact customer service. When in doubt, the latter is the best way to go. Inputting the wrong recipient information can result in a rejected—or, worse, lost—transaction. 

Benefits of Wire Transfer Betting

Ever worried about your financial info falling into the wrong hands? Wire transfers have got your back. They’re like a fortress for your banking details, giving you peace of mind while you place your bets.

And let’s talk speed. Remember the frustration of waiting for money orders to clear? Those days are over. With wire transfers, you could be playing within hours – sometimes even minutes – of making a deposit. And when lady luck smiles on you? Your winnings could hit your account in just a couple of days.

It’s not quite teleporting money, but it’s pretty close. Give wire transfers a shot – your wallet (and your nerves) might thank you.

List of all BankWire Transfer betting sites

Here is a list of online gaming sites that accept MoneyGram. It’s worth noting that this list includes both retail and offshore bookmakers. Let’s take a look:

• GT Bets
• BetOnline
• SportsBetting.ag
• Bovada
• Bodog
• WilliamHill
• DraftKings

Drawbacks of Wire Transfer Betting

Fees, fees, fees. With this deposit option, there will be fees. They’re all over bank wire transfers, especially if you’re using a third-party service. These surcharges vary by transaction size and where the money is coming from or going to, but they’re often quite large. You can easily end up paying 10 percent or more of the transfer total to push the transaction through. That’s a lot for anyone, but it gets especially pricey for high rollers, who could end up paying hundreds, maybe thousands, in fees depending on the size of their transaction at these online sports betting sites.

Beyond that, many sportsbooks require higher deposit minimums for wire transfers because of the extra approval steps involved. Rather than being able to put, say, $25 into your account, you may have to transfer at least $250. That increases both the fees and your overall investment, which can be a deal-break for some.

Betting Strategies for Wire Transfer Gamblers

Deposit bonuses are important for every bettor, but they’re especially paramount for wire transfer users. You’re going to be responsible for fees on both sides of the process—withdrawals and deposits. You also may be forced to deposit a higher amount than initially desired. 

Your goal should be to minimize the overhead through large deposit bonuses. Sites offering 50 to 100 percent welcome bonuses on your first transaction should be your bread and butter. Granted, you cannot withdraw this money right away; it is subject to a lengthy rollover in most cases. But it’s better than nothing, and it could, in theory, help offset the cost of your fees. Bank wire transfers are some of the most widely accepted withdrawal methods.

Safe Betting – Simple and Secure

Using wire transfers at sportsbooks is convenient and secure if you’re doing it right. The safety comes solely down to the recipient’s information. Make sure you’re sending money to the right place so the transaction isn’t compromised. If you do, you’re golden.

And if you get all this right, you’ve added an extra layer of security between yourself and this online world. Wire transfers don’t need to include account information or credit card numbers if you don’t want them to. You can complete them in person using cash, ensuring you won’t have to enter or store your most sensitive financial information with sportsbooks or third-party payment services.

Our Conclusions – Optionality at its Best

Faster Alternative to Money Orders

Wire transfers provide a quicker solution for both deposits and withdrawals compared to traditional money orders, offering greater efficiency in handling funds.

Reducing Transfer Fees

Although fees are common with bank wire transfers, you can lower costs by selecting the most economical method. Direct transfers through your bank often prove to be the most cost-efficient, while some e-wallets offering bank transfers may also provide lower fees.

Best Wire Transfer Services

If you need third-party assistance, trusted options include MoneyGram, Western Union, Wise (formerly TransferWise), XE, Currencies Direct, TorFX, and CurrencyFair.

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