payment options

jackieb7

Full Member
PABaccred
PABnoaccred2
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Jan 31, 2008
Location
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What is the difference between an ACH payment and a Wire Transfer?
 

jackieb7

Full Member
PABaccred
PABnoaccred2
Joined
Jan 31, 2008
Location
x
why dont no one answer me???

I requested a withdrawal via wire transfer from one casino- got it no problem

the other casino had only ACH withdrawal option for me.... WHAT IS THE DIFFERENCE????
 

ballysdb

Dormant account
Joined
Apr 28, 2006
Location
Long Island NY
Calm Down

First of all I will be happy to answer your question but it has only been a few minutes since you posted it.

An ACH withdrawal comes straight out of your checking account. A wire transfer is when you wire money into a bank then the casino will take it out.

I think that is correct.

This is a wonderful site full of help and information. Please be a liitle patient when posting a question.

Good luck and welcome!:thumbsup:
 

jackieb7

Full Member
PABaccred
PABnoaccred2
Joined
Jan 31, 2008
Location
x
sorry for the impatience

whats the difference when a casino wire transfers money (winnings) into your account? or they wire transfer it?

thanks
 

jackieb7

Full Member
PABaccred
PABnoaccred2
Joined
Jan 31, 2008
Location
x
and...

thank you for answering me so promptly... new at this thing ya know. and now i am calm :D
 

ballysdb

Dormant account
Joined
Apr 28, 2006
Location
Long Island NY
Don't worry about it! Gambling will do that to you. I know of where i speak!

I have never had a casino wire transfer money to me so I can't answer that. I guess they ask you for your bank routing #. Did they do that?

I am sure someone will reply to this soon who has more info than me.
 

jackieb7

Full Member
PABaccred
PABnoaccred2
Joined
Jan 31, 2008
Location
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Thanks

you being from new york... i get a little paranoid when i receive winnings to my bank thinking that they will know where it came from. I hit a lucky streek at Rushmore and Club World have you had any problems?
 

peteyweestro

Experienced Member
Joined
Jun 29, 2007
Location
So Cal...Antelope Valley
i've gotten wire transfers from online companies before and yes they ask you for your account and routing #,there is also a code every bank has to recieve international wires and you need this # also and the banks name and address and sometimes branch #
 

bryand

Beach Bum
Joined
Jan 9, 2008
Location
Just Across the Hudson River
What is the difference between an ACH payment and a Wire Transfer?
Automated Clearing House (ACH): A domestic electronic funds transfer system. The National Automated Clearing House (NACHA) is responsible for maintaining and policing the electronic payments network.

Electronic Funds Transfer (EFT): The movement of funds from one bank account directly into another without the use of cash or paper checks. ACH and wire transfers are two methods of EFTs.

Wire Transfer: A same day transfer of funds between financial institutions processed through the Federal Reserves Fedline system. International wires may be processed through the Society for Worldwide Interbank Financial Telecommuications (S.W.I.F.T.).

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