Bank Transfer Betting Sites in the UK
Good old bank transfer is still one of the most widely accepted payment options for online gambling. Punters have been using bank transfer since online betting became a thing; it was one of the first payment methods available. With the arrival of new forms of online payments, such as e-wallets and prepaid cards, the popularity of a bank transfer has dipped somewhat. It’s tough to get rid of the old habits, we all know this, which is why most of the online bookies still allow you to deposit and withdraw using this payment method. A fair few still use it.
One of the most important things about online gambling is to choose a payment method you are most comfortable with. In this comprehensive bank transfer betting sites review, we will detail both the good and the bad points about using bank transfer as a payment method for online sportsbooks. Additionally, you will also get to know the top-rated betting sites to support bank transfer. If you are considering using this payment method, our review can help you make an informed decision on whether or not bank transfer is the right choice for you.
The Top UK Bank Transfer Betting Sites
If you are wondering what the best online bookies in the UK to support bank transfer are, your search is over. We have listed below the best and most popular bank transfer betting sites to save you a long search. You’re welcome. When deciding who should make the cut, we took into consideration things like expected withdrawal times, additional fees, whether bank transfer deposits are eligible for the welcome bonuses, as well as several other important factors.
Top 7 Bank Transfer Betting Sites
Bet Min £10, Receive 100% Mobile In-Play Profit Boost up to £100
New customers only • Deposit £10 min and claim in ‘my offers’ 1x 100% mobile in-play profit boost • Qualifying bets must be on mobile and on in-play markets • Qualifying bets must be placed within 7 days of your first deposit • Max qualifying stake £10 at minimum odds of 1/1 (Evens) • Max extra winnings £100 • Valid for 30 days • Skrill/Neteller deposits do not qualify • Full T&Cs Apply
Up to £100 in Bet Credits
Open Account Offer • Up to £100 in Bet Credits for new customers at bet365 • Min deposit £5 • Bet Credits available for use upon settlement of bets to value of qualifying deposit • Min odds, bet and payment method exclusions apply • Returns exclude Bet Credits stake • Time limits and T&Cs apply • The bonus code CD365 can be used during registration, but does not change the offer amount in any way • Full list below
William Hill Review
Bet £10 Get £30
New online customers only • Min £10 stake • Win only • Min odds 1/2 • Free bets paid as 2x £15 • 30 day expiry • Free bet/payment method/player/country restrictions apply • Full Terms Apply • 18+ • begambleaware.org
£40 Money Back Offer
18+ • Deposit £10 • Wager bonus money 3x at min. at odds of 2/5 or greater in Sportsbook • If you use your sports bonus on casino – wager bonus money 25x on casino games • Bonus expires after 7 days • £10 casino bonus credited next working day • 35x wagering on casino bonus • 1 bonus can be used at a time • Sportsbook bonus must be wagered before casino, unless bonus has been forfeited • Further T&Cs Apply • begambleaware.org
Paddy Power Review
Risk Free £20 Offer
New customers only • Limited to one per person • If you’ve previously had a Paddy Power account, you will not qualify for the offer • Min deposit is £10 • Place your first bet on any Sportsbook market and if it loses Paddy Power will refund your stake in CASH • Max refund for this offer is £20 • Only deposits made using Cards or Apple Pay will qualify for this promotion • Full T&Cs Apply
Up To £10 Free Bet
Min deposit £10 • Max stake £10 • Min odds 1/1 (2.0) • Max free bet £10 • Horse racing excluded • System bets excluded • Deposit restrictions apply • FreeBets expire after 7 days • Full T&Cs apply • 18+
Bet Min £10, Receive £30 Free Bet and £30 Free Spins
New UK customers only • Only your first bet with Betfred counts towards this offer • First bet must be placed at a cumulative price of evens or greater • The minimum bet is £10 • Customers may be required to confirm their participation by responding to an automated SMS message • Your first bet must be placed on Sportsbook markets • Cashed out bets do not count towards this offer • The minimum and maximum free bet amount is £30 • All free bets are valid for 7 days • Customers depositing using prepaid Visas and MasterCards, or e-wallets will not qualify for this promotion • Full T&Cs Apply • 18+
Bank Transfer – One of the Safest Payment Methods There Is
Most punters choose to place bets using bank transfer because it is one of the safest online sportsbook payment methods available. If you’ve ever bought something of great value, like a house or a car, chances are you have used a bank transfer. There is no safer way to make money transactions because all payments are made directly through banks, so you can be sure that your funds are completely safe every step of the way.
Another great thing about bank transfer is that it’s widely accepted. Almost all online bookies offer bank transfer both as a withdrawal and deposit method. Unlike Skrill or Neteller, you won’t find many welcome bonuses that have restrictions on bank transfer deposits, which is another advantage to using this payment method. It’s also good to know that you can use a bank transfer even if you are placing bets outside of the UK. With a bit of additional paperwork, you can make deposits and withdrawals using bank transfer from almost any country in the world.
Once you have decided what bank transfer betting site you want to proceed with, everything regarding deposits or withdrawals should be pretty straightforward. Simply register for your new online betting account, go to the deposit page, choose bank transfer from the list of available payment methods and enter the amount you wish to deposit. Once you have done that, your funds should be in your betting account within a few working days. A little slow compared to others, granted, but if it’s the only option for you, then you have to ride it out. Another plus is that you won’t usually be charged any fees when making a bank transfer deposit.
How to Deposit by Bank Transfer
You move the money directly from your bank account to the bookie’s bank account. It means that before you can start betting, you’ll have to have an open bank account if you don’t already have one. After you have sorted that out, just choose some of the bank transfer bookmakers and register for a new betting account. Once you have decided where you want to play, follow the instructions outlined below, and you’ll be ready to start placing bets in no time.
- Register for your account with some of the best UK bank transfer betting sites
- Go to the deposit page
- Choose bank transfer from the list of payment methods
- Enter a deposit amount and a bonus code if there is one
- Set up a payee with your bank by adding the bookie’s account details
- Authorise the payment
- Once the money is sent to your account, you will ready to start placing bets
Note that if you are not using the UK based bank account, or your bookmaker’s bank account is not from the UK, you would need to fill in a few more fields, such as IBAN, BIC, and SWIFT. Check out the table below for more info about depositing via bank transfer.
|Betting Site||Min / Max Deposit||Deposit Speed|
|LeoVegas Sport||£10 / £10,000||Instant|
|Paddy Power||£5 / N/A||1-5 Working Days|
|bwin||£10 / £3,000||2-5 Working Days|
|William Hill||£25 / £100,000||3-5 Working Days|
|Betfred||£85 / N/A||Up to 2 Working Days|
|bet365||£100 / £100,000||2-10 Working Days|
|Unibet||N/A / N/A||1-3 Working Days|
Positives to Using Bank Transfer for UK Sportsbooks
A fair few people still like to use a bank transfer when betting online, but what are the real benefits of using this payment method? We have listed a few below.
- Bank transfer is one of the safest payment methods.
- There are no additional fees, which means that all the money you win will be yours to keep.
- You’ll receive money directly to your bank account without any middleman involved.
- Very high deposit limits that can go up to £150,000.
If you are one of those punters who like to have their deposits and withdrawals kept as safe as possible without any third party services involved, then the bank transfer is your go-to option. High rollers among you will especially enjoy this payment option since it allows you to make large deposits and charges no additional fees. If you cash out a really big bet at an online sportsbook for example, even a 1% transaction fee can be a lot of money, so it’s good to know that betting via bank transfer won’t leave you short.
Disadvantages of Using Bank Transfer Betting Sites
As you can imagine, every payment method comes with some disadvantages, and bank transfer is no different. We have listed some downsides that you should strongly take into consideration before using this payment method.
- Every transaction is visible on your bank statements, which might not be great if you are going for a mortgage or looking to improve your credit rating.
- Bank transfer is one of the slowest payment methods. It may take up to ten working days to deposit funds and around five working days to withdraw your money.
- Minimum deposit values can be a lot higher than with other payment methods.
As mentioned, if you need a mortgage in the future or anything credit-related, you may need to reconsider using bank transfer as a payment method and go for something else, such as PayPal or a Neteller. It’s because all bank transfer payments are visible on your bank statements, and transactions made using online casinos or sportsbooks may affect your credit rating. Not may, they will, it’s a fact.
Furthermore, time is an important factor too, and bank transfer is just way behind others in that regard. But if you’re still not deterred, a bank transfer may be the best payment option for you.
Can I Withdraw Using the Bank Transfer?
Yes, most of the online bookies will give you an option to make a withdrawal using the bank transfer. But note that usually, you’ll have to use the same payment method as for depositing. The great thing is that making a withdrawal via bank transfer normally don’t incur a fee. And since the money will be routed directly to your bank, you won’t have to worry about additional charges ether. For example, Neteller or PayPal will charge you for transferring money from them to your bank account, which is not the case with the bank transfer.
The whole process is also very straightforward. Just go to the withdrawal page of the betting site, choose bank transfer, enter your bank details and the money will be on its way.
|Betting Sites||Min / Max Withdrawal||Withdrawal Time|
|LeoVegas Sport||£10 / £175,000||3-5 Working Days|
|Paddy Power||£10 / N/A||1-5 Working Days|
|bwin||£10 / N/A||3-5 Working Days|
|William Hill||£25 / £100,000||5-10 Working Days|
|Betfred||£25 / £25,000||2-7 Working Days|
|bet365||£5 / £100,000||2-10 Working Days|
|Unibet||£10 / N/A||3 – 5 Working Days|
Bank Transfer Betting Sites – What Is Trustly?
If you already like bank transfer as a payment option, you should definitely consider trying some of the best Trustly betting sites. This useful payment method enables you to transfer money directly from your bank account to your bookie’s bank account, and vice versa. Trustly has all the best attributes of the classic bank transfer, such as exceptional safety and absence of additional fees. Next time you want to make a deposit or withdrawal, log in to your bank account with Trustly, and you will avoid sharing your bank account number with anyone online.
Additionally, it solves a few of the bank transfer’s major issues, such as long processing times. When using Trustly, the money will be added to your account immediately, but you’ll still have to wait a few working days for your withdrawals. Withdrawing money with Trustly can take anywhere between one and five working days, depending on the online betting site and your bank. It can still be slightly longer than you’ll usually have to wait with some other payment options, but when we take into consideration the level of security you’ll have, it’s worth it.
Are There Any Bank Transfer Bonuses Available?
One of the best things about using bank transfer as a payment method is that it’s eligible for almost all welcome offers and special promotions. Usually, payment method restrictions apply on e-wallets like Skrill or Neteller, but bank transfer is eligible in most cases. Keep your eyes on the promotion pages of your favourite bank transfer betting site and look out for the interesting bonus offers. If something looks appealing to you, there is a high chance that you’ll be able to take advantage of that bonus when depositing via bank transfer.
Are Bank Transfer Bookmakers Safe and Trustworthy?
Yes. As we mentioned before, one of the most significant advantages of depositing or withdrawing via bank transfer is its safety and security. It works as a direct money transfer between your bank and the bank used by your bookie. It means that you won’t have to worry about the middleman. As you can probably imagine, banks have the highest possible level of security, so there is no reason to be worried about whether your personal and financial data is safe or not.
Another important thing to note is always to make sure you check your bookmaker’s security policies and safety features. Bank transfer is undoubtedly a safe way to handle your money, but it’s always a good idea to make sure that your bookie is also reliable. That’s why we recommend you try some of the sports betting sites from our list. They are all licensed by the UKGC and completely safe, which means that you can place bets without any concerns.
Are There Any Fees When Using a Bank Transfer?
Another great thing about bank transfer betting sites is that you won’t be charged any fees. As for most of the other payment methods, bookmakers themselves don’t charge any additional fees for withdrawals and deposits. But the catch is that third-party payment providers usually do. For example, once you have received money into your PayPal account, they may take a percentage if you decide to further move the funds to your bank account. Since withdrawing via bank transfer will send the money directly to your bank account, you will avoid all additional charges.
Bank Transfer Mobile Betting Apps
Great news for all punters who like to place bets on the go. Almost every sportsbook that supports bank transfer on their desktop site allows mobile deposits via bank transfer. It means that you just need to download the native sports app or visit the mobile site of your favourite bank transfer bookmaker, and then you will be able to make a bank transfer deposit in the same way as on the desktop site. To make life even easier for yourself, search to see if your bank has a dedicated mobile betting app. This way, you can track your payments with much less effort than before.
What Are the Possible Bank Transfer Alternatives?
In this day and age, there are so many payment methods available and each of them has its strengths and flaws. If you want to make your withdrawals more quickly, then Skrill, Neteller or PayPal may be the right choice for you. Additionally, when using e-wallets, none of the transactions will appear on your bank statement as a gambling transaction. Debit cards are also a solid option since they tend to be very fast and reliable when it comes to deposits and withdrawals.
If you want to have greater control over your spending, then prepaid cards such as Paysafecard might be the right choice. There is no right or wrong answer here, it all comes down to what payment method suits you best.
Bank Transfer FAQs
What are the best bank transfer betting sites?
Almost all UK betting sites have bank transfer as a payment option, but here are the pick of the bunch:
- William Hill
- LeoVegas Sports
What is the maximum amount you can deposit via bank transfer?
Bank transfer allows you to make large deposits. Other payment methods usually put the limit at around £2,000 to £5,000, while bank transfer push the bar up to £150,000 per transaction in some instances.
What are the most significant advantages or bank transfer?
There are many upsides to using bank transfer as an online sportsbook payment method, but most notable ones are that:
- Bank transfer is arguably the safest payment method out of them all.
- You will not be charged any additional fees when using bank transfer.
- Bank transfer has very high deposit limits compared to other payment options.