Bank Transfer Betting Sites – A Safe And Free Payment Method!
PayPal, Skrill, and Neteller are usually the payment methods of choice these days, as well as debit cards. However, if you are looking for a secure and free payment solution then bank transfers are worth considering.
One of the best things about using bank transfers is that they are very widely accepted. Finding a bank transfer betting site is as easy as can be, and usually, no fees are applied to either deposits or withdrawals.
With bank transfers, you are moving funds from your bank account directly into the bank account of your chosen betting site. Your funds are given a unique ID and this is how betting sites know how to credit the right account with the correct funds.
The biggest drawback associated with using bank transfers is the time it takes. You could be looking at a couple of days at least before deposits are available in your account, and this obviously isn’t ideal. Minimum deposit and withdrawal limits are usually higher too but even so, we think bank transfers are still useful.
Does Bank Transfer Offer other Options?
While you don’t have any other options for bank transfers, there are similar services like Fast Bank Transfer available. However, if you want to use bank transfer betting sites, then transferring funds from your own bank account to your betting site’s bank account is the sole option.
You can obviously set up a debit card and use that to fund your account directly from your bank account, but debit cards incur extra fees. Bank transfers are usually 100% free and another big plus is that they are one of the safest payment methods around.
If you are wondering how to top up your bank transfer betting site account, read our guide below.
How to Deposit Online at Bank Transfer Betting Sites
If you find a bank transfer betting site that meets your requirements, depositing and withdrawing funds is easy. Check out our blow by blow guide on how to deposit at bank transfer betting sites below…
- Log in to your bank transfer betting site account.
- Go to the deposit page and select bank transfer as your payment method.
- Copy the account details displayed.
- Head to your online banking account or local branch.
- Complete bank transfer form and confirm transaction.
- It could take up to 5 working days before funds appear in your account.
If you copy your betting site’s bank details you can complete a bank transfer in your local branch. This is the safest way as it means none of your personal information is shared online.
How Do I Fund Bank Transfers?
If you are using bank transfers to fund your account you must have the necessary funds in your account to cover the cost. So, in order to use bank transfers you need to lodge money into your personal bank account.
You can lodge funds by visiting your local bank and depositing cash, or you could transfer funds to your bank account from an e-wallet like PayPal or Skrill. The key is to have enough money in your account to cover your deposit amount, otherwise, it will not be successful.
Pros of using Bank Transfer for Betting Sites and Casinos
Although bank transfers may be viewed as ‘old school’ by many, there are positives when it comes to using them. Check out our list on the pros of using bank transfer betting sites and casinos…
- Accepted by the overwhelming majority of casinos and bookmakers.
- If bank transfer is completed in branch it is an extremely secure payment solution.
- Maximum deposit limits are usually a lot higher for bank transfers.
- No fees usually apply.
As we explained earlier, in branch bank transfers are a very safe way of moving funds. Also, it is hard to find a betting site or casino that doesn’t accept bank transfers, so you will have no shortage of options.
Cons of using Bank Transfer for Betting Sites and Casinos
There are a couple of cons when it comes to using bank transfer betting sites and casinos…
- Time is the biggest issue as it can take up to 5 days for deposits and withdrawals.
- Not a payment method that will suit everyone for this reason.
- Higher limits for minimum deposits and withdrawals.
- Betting site transactions visible on bank statements.
Can I Withdraw with Bank Transfer?
If you want to make a withdrawal via bank transfer then the vast majority of betting sites and casinos will facilitate you. There are usually no fees applied by betting sites for bank transfers and funds normally take between 2-7 working days to reach your account.
Our Top 3 Bank Transfer Betting Site Bonus Codes
If you are looking for a bank transfer site with excellent welcome promos and bonus codes you have no shortage of options. In fact, it is hard to narrow the list of bank transfer betting sites down to just three.
We have done our research and below are our top 3 bank transfer betting sites.
Top 3 Bank Transfer Betting Sites