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Bank Transfer Betting Sites

Bookmakers Accepting Bank TransferThe vast majority of punters now have mobile banking apps which makes using bank transfer as a deposit option more appealing than ever before.

It’s also widely available and has the highest limits of any deposit method. The following table gives you details of the best bank transfer friendly betting sites as rated by us.

Top 5 Bank Transfer Betting Sites

New Customers only. Deposit and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days, plus a £10 Casino Bonus, expires in 7 days. Wager the Casino Bonus 35x to withdraw winnings. Credit/Debit card deposits only. Geographical Restrictions and T&Cs Apply. Please Gamble Responsibly.
New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account & bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.
New customers only – Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit balance is available for withdrawal at any time. General deposit method & withdrawal restrictions apply & full T&C’s apply.
18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + T&Cs apply.
New UK & NI customers only. 18+. Sign up using promo code ‘SPORTS60’. Deposit & place first sports bet at a minimum of £10 in one bet transaction at evens (2.0) +. £30 paid in free bets within 48 hours of bet settlement, expires 7-days after issue. E-Wallet & Prepaid Card restrictions apply. Your first bet must be settled within 60 days of bet placement. SMS validation may be required. Game restrictions apply. Maximum 30 Free Spins on selected games. Free Spins expire after 7 days. Full T&Cs apply.

*Listings accurate as of 19-11-2019 (UK market).

Best Bank Transfer Bookmakers: Top 5

The following is a list of best bookmakers accepting Bank Transfers & limits:

  1. Betvictor: £1 – £10,000
  2. Bet365: wide range & top bonus
  3. 888Sport: £100 upwards
  4. Coral: £5 – no max
  5. Betfred: £85 upwards

Should You Use Bank Transfers for Online Betting?

As all online bookmakers accept Bank Transfers, it makes sense to give some thought to whether it’s an alternative that may be right for you. To help you along in that regard, let’s run down the main reasons why you might want to use bank transfers and also why you may not.

Why You Should Use Bank Transfers

Pro'sSeriously secure… there is one big reason why punters do choose to deposit to their accounts via bank transfer, and why you may wish to consider the payment method yourself. That is that bank transfer deposits are arguably the single most secure type of online transactions that you can get, and there are a number of reasons why.

Firstly, it is the only deposit method other than depositing physical cash over the counter in a betting shop, where no part of the financial transaction takes place on the bookmaker’s website. How the deposits work, after all, is by providing you with the bookmaker’s bank account details and allowing you to transfer funds through your own online bank. A specific reference or another similar marker will then ensure that the funds are added to the correct betting account.

What that means is that the entire transaction is controlled and handled by whichever bank it is that you have an account with. As such, the transaction is safeguarded by all of the security measures and other similar protections that banks afford to their customers. Considering that those measures are unquestionably the most impressive and secure around, then, depositing via bank transfer is possibly the best choice if security is your biggest concern.

What’s more, the fact that bank transfer deposits are handled entirely on your own bank’s site also has a related security benefit. That is that at no point do you have to share any of your bank account or card details with the betting site you intend to use. That’s a significant benefit as, whilst those sites are protected by SSL encryption, there is still a chance that your details could be compromised. Depositing by bank transfer rather than by debit card, therefore, entirely eliminates any such risk.

It won’t cost you a penny… it is a payment method which is free of fees with basically every online betting or gambling site. Even those sites which routinely apply charges to deposits and withdrawals, in fact, tend to make an exception for deposits by bank transfer. That’s because there is minimal processing or administration involved on their part in the case of those deposits, and makes bank transfers an even more attractive option for punters.

Perfect if you want to fund your account big… bank transfers are the betting deposit method with the single highest maximum deposit amounts available in the case of almost all betting sites. Many sites accept deposits into the hundreds of thousands by bank transfer, whereas caps on other deposit methods are far lower.

Why You Shouldn’t Use Bank Transfers

Con'sWhilst the above are compelling reasons why bank transfers may be the best option for some punters, there are also some pretty significant factors that make them unsuitable for many others.

It can take some time to process… arguably the most notable of those factors regards the time that it actually takes to deposit to and to withdraw from betting sites by bank transfer. The actual process of actioning a deposit only takes a few moments but there is then a processing period that has to be waited out before the funds will appear in your betting account.

Generally speaking that period is a good 48 hours long at best and can take anything up to ten working days. That means that bank transfers are extremely inconvenient as a deposit method for most punters and will be entirely unsuitable for many. It should be noted, though, that a small handful of bookmakers do now offer so-called ‘fast bank transfers’ as an alternative deposit method and these can shorten the processing period somewhat.

Min deposit amounts can be low… in the same way that the maximum deposit amount for bank transfers is the highest of any payment method, the minimum is also the highest you will find. For many betting sites, in fact, only transfers in the hundreds of pounds or higher are accepted and that will not suit a lot of punters.

Privacy can be an issue… some gamblers may not like the fact that depositing via bank transfer affords them no degree of privacy. Depositing in that way, after all, means that the betting site’s name will appear on their bank statement whereas using an e-wallet or other similar service can avoid this.

Other Deposit Options To Consider…

Avoid processing time by using Debit Card

Debit Card If you have a bank account you’ll have a debit card and if you use that to deposit then you’ll find deposits will be processed instantly and withdrawals will be 24-48 hours only.

As a payment method it’s also as widely accepted as making a bank transfer and a little quicker as you only need to input details into your bookmaker app or website to get going.

Use PayPal for added privacy

PayPal If you use PayPal to deposit and withdraw from betting sites then only PayPal ever appears on your bank statement so you get added privacy. It’s also a great way to keep a pot of money you use for betting in one place and move it to and from different bookies.