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 and credit 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
Best Bank Transfer Casino with NetEnt Software
Finding a casino with NetEnt software that accepts bank transfers is like trying to find sand in a desert. There are a multitude of options for you to choose from if you love casino games and slots powered by NetEnt software. Also, bank transfer deposits will nearly always qualify for welcome bonus offers.
Karamba Casino accepts bank transfers and they offer a brilliant welcome bonus of up to £200. They have loads of NetEnt slots and games and you will qualify for their sports and casino welcome offers if you use a bank transfer. Check out our Karamba Casino Bonus Codes review for further details.
Best Bank Transfer Casino with Microgaming Software
Again, just like with NetEnt Casinos, locating casinos with Microgaming software is a piece of cake. If you are a big fan of Microgaming slots and games there is a long list of bank transfer casino sites you can pick from.
LeoVegas is one of the best-known casino sites and they have loads of Microgaming slots and games. You can use bank transfers to top up your LeoVegas Casino account and bank transfer deposits qualify for their £400 matched deposit bonus. Check our LeoVegas casino bonus code review to find out more.
Are there Bespoke Bank Transfer Bonus Codes Available?
We weren’t able to locate any bespoke bonus codes on offer from bank transfer betting sites. It is unlikely that you will get any extra promotions or specials specifically for using bank transfers to fund your betting account.
You will qualify for the majority of welcome and sign up bonus offers and that is a big plus. For example, plenty of bookies exclude deposits made via Neteller or Skrill from sign up bonuses. With bank transfers, you don’t need to worry about missing out.
Should you Trust Bank Transfer Betting Sites and Casinos?
As a payment method, bank transfers that are executed at your branch are one of the most secure payment solutions. Bank transfers that are carried out online are a little bit riskier, but overall the chance of something going wrong is negligible.
There are minimal fees associated with bank transfer betting sites too. Find out more in the next section…
Are there Fees Associated with Bank Transfer?
If you use a bank transfer to fund your betting or casino wallet, more often than not no fees will be applied. Your individual bank may charge a fee but as a general rule, neither casino or betting sites will charge you for making deposits or withdrawals using bank transfer.
So not only are bank transfers safe, but they are also free and these are the two main characteristics that make using bank transfer betting sites an attractive proposition.
Bank Transfer Betting Sites and Casinos on Mobile
If you are someone who likes to have the option of betting anytime, anywhere on your mobile device you can use bank transfers to fund your account. Depositing or withdrawing funds via bank transfers on mobile or web apps is exactly the same as on desktop.
The chances are that your personal bank will have a mobile app you can use for making bank transfers. Alternatively, you can complete the transaction in your local branch. Funds will be available within 5 working days to spend on your chosen sportsbook or casino mobile app.
Are there any Bank Transfer Alternatives for Betting Sites?
Bank Transfers are often overlooked by punters due to the time it takes for deposited funds to reach your account. If you are looking for a speedier payment solution you can use a number of alternative methods.
If you want to use funds from your bank account you can apply for a debit card and deposits are instantly debited from your account. E-Wallets like ecoPayz, PayPal and Skrill can also be used, though you may be excluded from certain bonus offers if you use those methods.
For those who choose to use bank transfer betting sites, the main attractions are security and cost. We think bank transfers are underrated as a payment method and if you are thinking about using a bank transfer betting site, we say go for it!
Bank Transfer Betting Site FAQs
What are the Maximum Deposits you can make using Bank Transfer?
When it comes to making bank transfers the maximum deposit limits are usually massive. With e-wallets, you are usually limited to £5k or £10k deposits, but betting sites usually accept much bigger deposit amounts via bank transfer. Minimum withdrawal limits are usually much higher too for bank transfers.
Can I Withdraw my Winnings by using Bank Transfer?
Yes, bank transfer friendly betting sites will allow you to withdraw funds via bank transfers. Most betting sites do not charge any fees for bank transfers, and plenty of banks don’t apply fees to withdrawals either.
If you do decide to withdraw your winnings using bank transfer you will have to wait 2-7 working days for your payment to be processed.
How do I Use Bank Transfer Betting Sites?
Using bank transfer betting sites is easy. All you need to do is find a bookie that accepts bank transfers and the vast majority do. You can either execute the bank transfer online or if you want extra security you can complete the bank transfer in your local branch. Always remember to allow a few days for your payment to go through.