Looking for the best bank transfer betting sites for UK bettors to fund their accounts? Our comprehensive guide showcases the premier bookmakers that accept bank transfers, explores the bonuses they offer, discovers the best value odds, and details their deposit times and limits. Dive in!
- Best Bank Transfer Betting Sites in 2024
- How To Use Bank Transfers for Betting
- Advantages of Using Bank Transfer for Betting
- How To Deposit Using Bank Transfer on Betting Sites
- How To Withdraw From a Bank Transfer Betting Site
- Bank Transfer Limits & Fees at Online Bookmakers
- Types of Bank Transfers
- Legality & Safety of Using Bank Transfers for Betting
- Disadvantages of Using Bank Transfers for Betting
- Alternatives to Bank Transfer
- ThePuntersPage Final Say
- FAQs
Best Bank Transfer Betting Sites in 2024
Bet £10 get £40 18+ New customers only. Opt in, bet £10 on any football market at minimum 1/1 odds. No cash out. Get £40 in Free Bets on selected events. Free Bets expire in 7 days. Debit card / Apple Pay payments only. Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad
|
Bet £10 get £30 18+. New customers using Promo code R30 only. Min £10 stake, min odds ½, free bets paid as 3x £10, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment methods/player/country restrictions apply. Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad
|
Bet £10, Get £30 in Free Bets 18+ New cust only. Deposit & Place a Bet within 7 days, and settle a £10 minimum bet at odds of 4/5 (1.8) or greater, to be credited with 3x £10 Free Bets: 1 x £10 Horse Racing, 1 x £10 Free Bet Builder and 1 x £10 Football. 7 day expiry. Stake not returned. Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad
|
Bet £10 Get £30 18+. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad
|
Bet £5 get £20 18+ New UK+ ROI Customers only. Deposit & Bet min £5 as first bet at minimum odds 1/2 to qualify for 1x £20 Free Bet. Certain deposit methods and bet types excluded. Free bet valid for 7 days, stake not returned. Restrictions apply. Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad
|
Bet £10 Get £20 in Free Bets 18+ New UK customers (Excluding NI) only. Mobile exclusive. Min Deposit £10. Min stake £10. Min odds Evs. Free bet applied on 1st settlement of any qualifying bet. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets won't apply. Account & Payment method restrictions apply. 1 Free Bet offer per customer, household & IP Address only. Full T&Cs apply. Bet Responsibly. BeGambleAware.org #ad
|
|
|
How To Use Bank Transfers for Betting
Put simply, a bank transfer is a basic transfer of money from one bank account to another. In order to use bank transfer to fund your betting account, you’ll need a working bank account and access to your online banking apps so that you can confirm the transactions.
If you don’t have an active bank account, setting one up is simple and shouldn’t take too long. Nowadays, nearly all banks offer their customers a mobile app that lets them create new accounts where they can send or receive money from. This makes things faster and even more convenient to use for online betting.
Here are just some of the many banks that operators process bank transfers from:
-
Barclays
-
NatWest
-
HSBC
-
Lloyds
-
Santander
-
Halifax
-
Nationwide
-
Bank of Scotland
Advantages of Using Bank Transfer for Betting
Bank transfers are among some of the original and longest standing payment methods offered by online betting sites. Prior to the advent of e-wallets and mobile payment options, the only way for bettors to add funds to their accounts was to use their debit cards or transfer money directly from their bank account.
So, what are the main advantages of using this payment method?
Security: When making a bank transfer to your chosen bookie, you execute the transaction using your bank’s payment gateway, so you won’t have to share any banking details to third-party providers. Also, banks have extremely high levels of encryption and security.
Widespread use: A vast majority of online bookmakers will allow you to make deposits and withdrawals using bank transfer due to this being a very secure way of sending your winnings back to you.
Higher limits: Bank transfers generally tend to come with higher limits for deposits and withdrawals than most other methods, making it a popular choice for high–rollers. For example, BetUK lets you deposit up to £10,000 in a single transaction.
No fees: Transactions made using bank transfers should not come with any fees and there should be no charges applied from the bookmaker either.
Eligible method for claiming sign-up bonuses: Most bank transfer betting sites will let you use the method to claim the welcome bonus, no matter if the qualifying bet is just £5, since that’s the usual minimum you can deposit through a bank transfer.
How To Deposit Using Bank Transfer on Betting Sites
While no two online bank transfer betting sites are the same, the process of making a deposit generally follows a similar pattern. In order to fund your account using the bank transfer method, simply follow the steps outlined below.
Log in to your betting account and head over to the ‘Cashier' tab. It is usually located in the top-right corner of the page.
Select the ‘Deposit' option.
Click on the ‘Instant Bank Transfer (sometimes listed as Wire or Payment)’ icon.
Enter the amount you wish to deposit.
Pick from the list of banks supported by the bookmaker.
You will then be redirected to your banking website or app, where you will need to approve the payment.
You’ll automatically get back to cashier page of the bank transfer bookmakers, where you should see a payment success message.
Most online bookies that allow bank transfers will let you transfer funds through multiple bank accounts, so you don’t have to use the same account every time.
Bank accounts that have previously been used to make deposits through instant bank payments will normally be shown in a dropdown menu.
How To Withdraw From a Bank Transfer Betting Site
Now that you know how to make a deposit at betting sites with bank transfer, what about withdrawing those sweet winnings? To access your money, simply follow the step-by-step guide below.
Head to the cashier page.
Click on the ‘Withdraw’ button and enter the amount you wish to take out.
Select your chosen bank from the list, then confirm your withdrawal by clicking the Withdraw button.
Payment is then completed, and your funds will be in your bank account usually within five banking days.
In order for your withdrawal to be successful, you will need to have verified your account as well as the payment method. For payment verification, statements no older than three months might be required. You will be notified with instructions of how you can securely provide what’s needed.
This could be a screenshot of your online statement, detailing your name, address, and any recent deposits into your betting account. Alternatively, if you don’t have online banking, you can provide a paper statement that shows your recent deposits, and your name and address details must be visible.
Bank Transfer Limits & Fees at Online Bookmakers
For the majority of bookmakers, a bank transfer usually comes without fees, and have high maximum deposits and withdrawal limits. Below we have outlined the things you need to know.
| Online Bookmaker | Bank Transfer Type Accepted | Minimum Deposit | Maximum Deposit | Minimum Withdrawal | Maximum Withdrawal | Fees |
|---|---|---|---|---|---|---|
| BetVictor | Bank Transfer | £5 | £30,000 | £10 | £30,000 | No |
| William Hill | Bank Transfer | £10 | £10,000 | £15 | £10,000 | No |
| Bet UK | Bank Transfer | £10 | £10 | £10 | £35,000 | No |
| bet365 | Instant Bank Transfer/Bank Transfer | £5/£100 | £5,000/£100,000 | £5 | £100,000 | No |
| Coral | Instant Bank Payment | £5 | £5,000 | £5 | No limit | No |
| BoyleSports | Bank Transfer | £5 | No limit | £10 | No limit | No |
| Betway | Instant Bank Transfer | £5 | £5,000 | £5 | No Limit | No |
| LeoVegas | Bank Transfer | £10 | £10,000 | £10 | No Limit | No |
| bwin | Bank Transfer | £5 | £5,000 | £5 | No Limit | No |
| Ladbrokes | Instant Bank Transfer | £5 | £5,000 | £5 | No limit | No |
Payments will only be made to a bank account in your name, so ensure you complete your bank details online. Transactions can only be accepted by accounts using GBP and there isn’t normally a charge for this service.
Types of Bank Transfers
There are several ways to send funds from your bank directly to your betting account — let's take a look at some.
BACS
BACS payments are just ordinary transfers between UK bank accounts, and are the most common way to make a bank transfer to a betting account.
It is the type of transfer you make when you pay a recipient through your mobile app or at a branch in person. All that is needed from you is to fill out the account details, including a bank account number and sort code, as well as the name of your account. BACS payments are among the fastest ways to make a withdrawal straight to your bank account.
Clearing House Automated Payment System (CHAPS)
You will most likely not encounter CHAPS when dealing with instant bank transfer betting sites. This is actually a good thing as there is often a substantial fee that comes attached to this type of bank transfer.
Instant Banking
Such transfers are a new type of payment method, powered by Open Banking. It’s actually easier than the more traditional bank transfers and more secure than card payments. Just like when you bet with Trustly, your funds can settle in an instant and you can do it all from within your betting app.
Bank Wire Transfer
If you want to transfer funds for betting outside of the UK, you will need to use a bank wire transfer in order to complete your transaction. There are many instant withdrawal betting sites that are not registered in the United Kingdom but are still licensed to operate there.
For reasons such as this, wire transfers can be useful. You will need your recipient’s account details, which will include their bank account number and sort code plus the full name on their account.
Faster Payments Service (FPS) Bank Transfer
Known as a Fast Bank Transfer, this will allow you to speed up the time it takes to transfer funds from one account to another. This was set up by BACS and is pretty much the same as a regular BACS transfer. So long as both your bank and the bank of the bookie support FPS, then any payments should clear in around two hours.
Legality & Safety of Using Bank Transfers for Betting
Bank transfers are one of the safest and most secure ways to top up your betting account. Banks rely on the most sophisticated and up-to-date fraud detection systems, and each and every transaction made this way is encrypted to make sure that your details are completely safe.
At no point does the bookmaker have access to your bank account, and there is no need to enter your financial information. This means that in the unlikely event that the bookmaker suffers a data breach, your financial data will remain secret.
The Financial Conduct Authority ensures that the 256 bit encryption used in bank transactions is considered unbreakable and is the industry standard for bank level encryption. This, coupled with the SSL encryption that online bookmakers already use, means that your data is safe from any attempt hackers make to intercept and read the data.
Also, by law, online bookmakers are required to have a betting verification process in place. Thanks to Know Your Customer (KYC), you must verify your identity, address, where your funds will come from, as well as any relevant documents.
Disadvantages of Using Bank Transfers for Betting
As good a banking option as they are, there are a few downsides to using this funding method.
Firstly, unless banks are members of the Faster Payment Service, there can be long processing times and deposits can take up to three days to clear.
Also, both deposits and withdrawals can take longer if you don’t share a bank with your bookie. For example, William Hill bank transfer withdrawal will take between three to five working days.
There can be fairly high service charges applied to direct bank transfers to and from foreign countries. Also, not all bonuses can be claimed when using bank transfers, so be sure to read the terms and conditions beforehand.
Alternatives to Bank Transfer
ThePuntersPage Final Say
Betting with bank transfer is a highly trusted and widely accepted payment method. It simply switches funds between your bank account and your betting account, which comes with robust security, no fees, and higher payment limits.
Finally, bank transfer bookies let you use the method for both deposits and withdrawals, making it a perfect all-round solution for UK bettors.
FAQs
I believe that the best bank transfer betting sites are BetVictor, BetUK and William Hill, given their payment limits and speed.
It can take between one and five days for funds to reach your bank transfer betting sites account.
Generally speaking, bank transfers are free of charge both in terms of depositing and withdrawing.
This differs between all of the bank transfer bookmakers, but limits have been known to reach as high as £100,000.
Yes, bank transfers are considered to be a safe and secure method of payment for funding bank transfer betting sites.