Bank Transfer

A bank transfer, also known as a bank draft, is a money taken by one bank from funds they were deposited into its own account which is held at a different bank(s). This transfer authorizes the 2nd bank to issue funds to the person that name appears in the transfer or bank draft. A bank wire is the obvious choice for online poker sites as it facilitates the transfer of funds in a secure and very efficient manner.

In order to facilitate a bank wire transfer, you have to send instructions to your local bank. Generally speaking, you will l need information about the recipient’s bank and their account number, and you may have to use a special form. All of this information is actually provided to you when you are signed into the various poker sites banking section. Look for the section that mentions bank wire and all the required details should be listed on their end.

Its important to note that bank transfers cannot be used at all poker sites so if this is your preferred deposit option then its advisable to check with the poker site first. One of the added benefits of funding your account via bank transfer is that its extremely secure and very fast. Another nice option about bank transfers is that players can withdraw their winnings directly back to their personal bank accounts.

For US poker players we strongly advise that you first check with the poker site in question before initiating a bank transfer. Make sure the details that are listed on their website and within their banking section are correct and try find out if there are any special requirements you would need to adhere to before sending the bank transfer. The last thing you want to have the funds blocked and then you need to spend the time and effort on recovering these funds from either the poker site or from the receiving bank.