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Bank wire transfer is simply using a bank to send funds electronically.
Usually, you are asking that the bank take money from your account to send to a specific recipient. However, some banks may also be used by non-customers just like one would use a Western Union (or other wire transfer service). This may be more attractive if you do not have or do not want a checking or savings account at that particular bank.
Some online gambling sites have a direct bank-to-bank transfer (between your bank and theirs). This is perhaps the safest and most direct option of all. Other online casinos act like a merchant which you “pay” when you add funds to your account, in the same way you would to pay a bill or purchase an item online with your checking account.
We also cover more specific types of bank transfers in other sections — specifically, Bill Pay (such as UseMyBank) and eCheck transfers, both of which require a savings or checking account.