Using a bank wire to fund your sports betting or horse betting account is ideal for those seeking the highest deposit limits available. Additionally, online betting sites do not charge fees to receive bank wires. Your bank may charge a fee depending on the speed of the bank wire. Same day wires run anywhere from $30-$50 each. If you can wait, or have a high balance at your banking institution, you may qualify for free or reduced wire transfer fees.
Setting up the first wire transfer requires a few minutes of work. After that, simply save the transfer as a template for later. Any future wires will go out much faster: you’ll only need to enter the deposit amount and transfer speed.
Bank wire betting deposits are ideal for VIP customers that want the highest banking security possible without the hassle of using credit or debit cards, or third party payment processors.
Sports Betting Sites that accept Bank Wires
| Bonus | |
|---|---|
 #1 BetMGMREVIEW | New Customers - Up to $1500 Paid Back in Bonus Bets Bonus Bets Expire in 7 Days One new customer offer/Add'l Terms Bet Now 21+ Playable in Ohio only Gambling Problem? Call 1-800-589-9966 |
Horse Betting Sites that accept Bank Wires
| Bonus | |
|---|---|
 #1 TwinSpiresREVIEW | New Customers - $200 Signup Bonus - Code: BET200 Bet Now 21+ Play from any approved state Gambling Problem? Call 1-800-522-4700 |
Table of Contents
- Sportsbooks that accept Bank Wires
- Horse betting sites that accept Bank Wires
- What is a Bank Wire?
- Before You Deposit
- How to Deposit
- Help with Bank Wire Deposits
- Processing Fees
- Bank Wire Deposit Alternatives
- How to Withdraw Money
- Bank Wire Pros
- Bank Wire Cons
- Bank Wire Deposit FAQs
Wire Transfer Deposit Sportsbooks
- BetMGM – Best all around
BetMGM
Name recognition is important in the sports betting world and there is none bigger than BetMGM. BetMGM has been one of the most recognizable names in brick-and-mortar casinos. It comes as no surprise that they are also a major name in online sports betting.
BetMGM gives bettors the opportunity to wager on all of the best sports action in North America and Europe. Their industry-leading user interface offers customers a superior experience.
Gambling Problem? Call 1-800-589-9966
Bonus Bets Expire in 7 Days
One new customer offer/Add'l Terms
Bet Now BetMGM Ohio
BetMGM Bank Wire Deposits
BetMGM is one of a few sports betting sites that offers its customers bank wire deposits. The minimum deposit amount is $1,000. VIP customers and elite clientele are advised to use bank wires for maximum deposit limits, discretion, and to avoid needless hassle common with other deposit methods.
BetMGM’s helpful customer service agents will be happy to help you with any questions regarding sending a bank wire. The banking page will provide all the necessary details to send a domestic US bank wire to BetMGM’s bank. Make sure to save the wire as a template for the future. This will make subsequent wire transfers to BetMGM much easier.
There are many other ways to deposit money to your BetMGM account. Credit card deposits using MasterCard and Visa will credit almost instantly to your account. BetMGM also accepts bank transfer deposits, Apple Pay, PayPal, Cash at Cage (where available), VIP Preferred ACH, and the Play+ card.
What We Like About BetMGM
BetMGM has become one of the top industry names for many reasons. Their site is easy to use and navigate, making it friendly for those who are less tech-savvy. BetMGM offers lines and odds for all major US and European sports. Best of all, you’ll quickly find that BetMGM’s selection of straight, futures, and exotic bets can’t be beat.
There is also the matter of their rewards program. Available both in-person and online, BetMGM’s program helps players make the most of their bets. They also have streaming for some games, allowing players to follow along with their wagers.
Review BetMGM’s odds for the NFL, NHL, NBA, MLB, racing, US and international soccer, collegiate basketball and football, and more.
BetMGM Deposit Help
BetMGM offers customer support through email, live chat, phone, and a comprehensive help center.
Wire Transfer Deposit Horse Betting Sites
- TwinSpires.com – Industry Leader
TwinSpires
Unlike sports betting, horse betting is legal throughout most of the United States. With so many options to choose from, TwinSpires stands out as one of the premier names in the industry. Their parent company Churchill Downs Inc, also runs the Churchill Downs Racetrack, home to the biggest event in horse racing: the Kentucky Derby.
TwinSpires proudly offers their customers live video feeds. Review the horses up close and personal before each race. TwinSpires also provides free horse handicapping advice and data-driven analysis to its customers. All of these benefits combine to help you make informed and profitable horse bets.
Gambling Problem? Call 1-800-522-4700
Bet Now TwinSpires
TwinSpires Bank Wire Deposits
Bank wires are an ideal way make large deposits to your TwinSpires.com horse betting account. Once you’ve signed up, visit the banking page and select “Bank Wire”. TwinSpires.com will provide all the details necessary to send a wire to their bank. If you have any questions or concerns, feel free to contact TwinSpires.com customer support by phone or email.
Players can also utilize major credit cards, PayPal, ApplePay, PayNearMe, Play+ Card, cash at cage, Green Dot, check or money order, and EZMoney. The wide variety of deposit options makes it convenient to fund your player account.
What We Like
TwinSpires makes horse betting fun and exciting with their easy-to-use app. With just a few taps, bettors can make their wagers on any number of races from across the country.
Additionally, TwinSpires offers one of the best new player welcome bonuses. You can register a new account, deposit money, and get bonus cash in a matter of minutes.
TwinSpires Deposit Help
TwinSpires offers competitive customer support that meets or beats any other horse racing site. They have a comprehensive support page with frequently asked questions and answers, great for solving problems quickly.
If that weren’t enough, TwinSpires also has email, phone support (from 9AM to 12AM EST), and 24/7 live chat.
What is a Bank Wire?
A bank wire is an electronic funds transfer between banks using transfer agencies around the United States and the world. Domestic wires can be sent using the ABA Fed Wire code assigned to each United States bank. International wires typically require a SWIFT banking code, and an IBAN account if you’re sending funds to Europe.
Bank Wire vs ACH
Bank wires are similar to ACH transfers in that they are both electronic. However, bank wires do not use an ACH intermediary to transfer funds from one institution to another. Bank wire transfers go directly to the receiving institution and customer account provided on the bank wire order.
Same as Cash
Bank wires transfers are essentially the same as sending the receiving party cash. Unlike a debit card or ACH transaction, bank wires cannot be refunded unless there is evidence of criminal activity or a mistake on the bank wire order.
High Limit Transfers
The upside of bank wires is that they have almost no upper limit. That’s why people moving large amounts of money following the sale of a home, business assets, or vehicle prefer them. That makes them ideal for serious sports betting or horse betting customers interested in making quick and sizeable deposits to their accounts. Bank wire deposit minimums range from $500 – $1,000 USD or higher.
Before You Deposit with a Bank Wire
Make sure to carefully review the betting site’s receiving account information:
- Bank name and bank physical address
- Account name (it may be different than the website name)
- Account number
- Betting site’s physical address and phone number
- Provide your betting account username or a reference ID for the transaction
- Bank ABA Fed Wire number or SWIFT code if located outside the United States
- (Less Common): Any intermediate bank information
- (Less Common): Any “For further credit to: account name & number”
How to Deposit with a Wire Transfer
Time needed: 8 minutes
How to deposit to an online gambling site with a Bank Wire.
- Visit the sportsbook’s cashier, banking, or deposit page
After signup or login, use the sportsbook’s navigation menu to find its cashier, banking, or deposit page.
- Select Bank Wire and note the receiving account’s details
Select Bank Wire. Carefully note the betting site’s wire transfer information, particularly its bank name, bank account number, account name, ABA Fed Wire or SWIFT code, and any transfer reference notes like your betting account username.
- Login to your bank’s online banking page
Enable wire transfers for your account in your personal profile or security page. Tap to the “Transfers” section and look for bank wire.
- Enter all the betting site’s wire transfer information, the deposit amount, and transfer speed.
Carefully enter all the betting site’s bank wire information. Then enter the deposit amount. Finally, select the wire transfer speed. Same day wires may come with a $30-$50 fee depending on your bank’s fee structure.
- Save the transaction as a template for future use
The first wire to a betting site require the most work. Save the transaction as template to use later on. You’ll only need to specify the deposit amount and transfer speed.
- Allow 1-2 days for processing
Allow up to 2 days for the wire to credit to your betting account. We recommend providing your first wire’s transaction number and any reference number to your betting site’s customer service team. This makes it easier to credit funds to your account.
Betting Sites that accept Bank Wires
| Bonus | |
|---|---|
| #1 BetMGM REVIEW | New Customers - Up to $1500 Paid Back in Bonus Bets Bonus Bets Expire in 7 Days One new customer offer/Add'l Terms Bet Now 21+ Playable in Ohio only Gambling Problem? Call 1-800-589-9966 |
| Bonus | |
|---|---|
| #1 TwinSpires REVIEW | New Customers - $200 Signup Bonus - Code: BET200 Bet Now 21+ Play from any approved state Gambling Problem? Call 1-800-522-4700 |
Help With Bank Wire Deposits
If you’re having trouble depositing by wire transfer, follow the steps below:
- Double check that you’re using the correct bank account, ABA Fed Wire or SWIFT code, and transaction reference. You can find all this information at the betting site’s cashier or banking page. Your transaction reference will most likely be your betting account’s username or number.
- Contact your online sportsbook, horse betting site, or casino. Their customer service agents will be happy to help you make a deposit.
- Make sure you’ve enabled bank wire transfers at your bank. Some banks require you to manually enable bank wires first. Login to online banking and visit your account profile, then look for the security page. Enable wire transfers if necessary.
- If you’re still having trouble, call your bank, start a chat session, or open an email support ticket.
- Trace the wire. If the betting site hasn’t received your wire transfer after 7 days, your bank can trace the wire for you. Wires are never lost. Instead, they frequently end up in the wrong account or bank. Rest assured that your funds will be promptly returned if this happens.
Bank Wire Processing Fees
There are no fees charged when depositing to a betting site using wire transfer. The same is true for credit and debit card deposits and ACH processors used for bank transfers or EZMoney.
Note also that your bank may charge a fee depending on the bank wire’s speed. Many banks assess a $30-$50 fee for same day transfers. Overnight transfers might range $15-$30. Note that these fees will be waived by many banks depending on your relationship with them and your current account balance. Many banks offer customers with substantial balances, a home mortgage, or business account free or reduced-fee banking services.
Bank Wire Deposit Alternatives
There are three alternative ways to deposit. The first way is using an e-wallet such as Paypal, Skrill, PayNearMe, or ApplePay. The second way to deposit is with your Visa, MasterCard, or Discover credit or debit card. You could also try VIP Preferred eCheck.
Finally, you can deposit with a participating sportsbook’s Play+ Card. You can withdraw cash using your Play+ Card at ATMs that accept Discover.
How to Withdraw Money from a Sportsbook
The easiest and fastest way to withdraw money from a sportsbook is by withdrawing to your bank account. The most common withdrawal review period is 2 to 5 days. You can speed up this process by completing any Know Your Customer (“KYC”) forms requested by the sports betting site, or by verifying your withdrawal account using personal information.
Other fast withdrawal methods include Paypal, Skrill, and other e-wallets. Another way to withdraw is to get a check by mail. Your wait time will depend on how fast the sportsbook issues the check plus postal service delivery times.
Bank Wire Deposit Pros
- Higher Limits – Best for customers who want to make substantial deposits.
- No Fees – Sportsbooks will not charge fees to receive a bank wire.
- No Middleman – The bank wire is between your bank and the sportsbook’s bank. No third-party manages the transfer, unlike other common online banking methods.
- Multiple Sportsbooks – Multiple legal US sportsbooks accept bank wires, even if not advertised on their sites. Contact customer service for more information.
Bank Wire Deposit Cons
- More Work – You will have to enter and initiate the bank wire transfer from your bank account’s online banking page, or in-person at a bank. Setting up a transfer online is the fastest option.
- Slower Processing Time – Your first bank wire may take 1-3 days to clear. Subsequent bank wires, particularly “overnight” wires, will credit faster.
- Established Customers Only – Bank Wires may require additional disclosures and identity verification. Most sportsbooks only make this option available to established customers.
Which Banks Prohibit Gambling Transactions?
Citing concerns about money laundering and fraud, some major US banks prohibit depositing money using their credit and debit cards. This policy will likely change as states continue to legalize online gambling and other banks begin processing transactions to online gambling sites.
If your bank declined a debit or credit card transaction, you should be able to deposit by bank transfer or with a bank wire. In fact, the same banks that prohibit use of their debit and credit cards for online gambling will most likely allow ACH transfers via VIP Preferred eCheck.
Bank wire transactions are considered lower risk because banks don’t have to worry about a lost or stolen credit or debit card. They can request that you confirm the transaction using an SMS text message code or using a USB security key. Finally, the identify verification performed during the creation of the wire transfer order substantially reduces the risk of fraud.
Bank Wire Deposit FAQs
Yes, it is fully legal to send a bank wire to a betting site to fund your player account in all eligible jurisdictions. Take care to note the betting site’s bank account information and ABA Fed Wire or SWIFT banking code.
Gather all the betting site’s bank account information, including the account name, account number, ABA Fed Wire or SWIFT banking code, the physical address of the betting company and the address of its bank, and any transaction reference number supplied by the betting site, most commonly your account ID.
Build your reputation as a reliable depositor. Additionally, be sure to complete any KYC (“Know Your Customer”) forms and return to customer service.
Most credit unions offer bank wire transactions. We recommend calling your credit union’s customer support in advance. Make sure to enable bank wires from your online banking account profile or security page.
Try using your Visa, MasterCard, or Discover debit or credit card, or try a bank transfer or VIP Preferred ACH. Or, try using an e-wallet like Paypal.
BetMGM accepts bank wire deposits. The minimum bank wire deposit is $1,000 USD.
TwinSpires.com accepts bank wire deposits.
The minimum bank wire deposit amount ranges from $500-$1,000. Call customer service for current minimum and maximum deposit amounts.
Betting Site Deposit Guides
- Visa Sports Betting Sites – Online sports betting and casino sites that accept Visa credit and debit card deposits.
- MasterCard Sports Betting Sites – See which sports betting and casino sites accept MasterCard credit and debit card deposits.
- Discover Sports Betting Sites – Discover is widely accepted at various sports betting and online casino sites.
- VIP Preferred eCheck Sports Betting Sites – Review a current list of betting sites accepting VIP Preferred ACH deposits.
- PlayPlus Card Sports Betting Sites – Easy to obtain and easy to use prepaid debit card for betting deposits and withdrawals.
- Bank Transfer Sports Betting Sites – Multiple leading betting sites accept deposits using their bank transfer payment gateway.
- PayPal Sports Betting Sites – Use a PayPal account to quickly and reliably fund your sports betting or casino player account.
- PayNearMe Sports Betting Sites – Get a PayCode and fund your gambling site player account with a quick trip to the store.
- EZMoney Horse Betting Sites – Use the EZMoney ACH processor to make a deposit using your bank account.
- Bank Wire Sports Betting Sites – Best for VIP customers seeking a discreet and high limit option for funding their player accounts.
- Sports Betting Sites – SportsBetting3.com offers the top sports betting sites for United States customers in jurisdictions where sports betting and online casino games are legal.