The Complete Overview of Bank Transfer Betting Sites

Adding funds to your online sports betting site using a bank transfer is one of the oldest methods and is still favoured by many punters, especially high rollers. Check our rankings of the best bank transfer betting sites where we’ll present you with the most valuable details!

Written by: Luke Andrews

Updated on: 27.03.2024

Top Betting Sites That Accept Bank Transfer

• 🥇 BetVictor ✪ Best Bank Transfer Betting Site
• 🥈 Spreadex ✪ Our Best for Bonuses
• 🥉10bet ✪ Lots of Bank Transfer Betting Markets
• ✪ YetiBet ✪ Best Bank Transfer Betting App
• ✪ Ladbrokes ✪ Many Bank Transfer Casino Games

When sports betting online, choosing a payment method that you are happy with is just as important as finding a bookmaker that you like from our betting sites list. In our guide to bank transfer betting, we explore the good and bad points. It’s not all just about the payment method, in this guide you’ll find all the information you need to decide if bank transferring funds suits your needs. Here are the best bank transfer gambling sites broken down by category:

Best Bank Transfer Bookmaker: BetVictor

Regarding Bank Transfers, BetVictor stands out as a top operator, having secured its position among the UK’s premier betting sites. This leading bookmaker offers a wide variety of payment options, along with a highly optimised betting interface that has an outstanding live betting platform. For users interested in conducting transactions via bank transfers, BetVictor provides a notable service with its bank transfer withdrawal feature, generally ensuring withdrawals are processed within 24 hours on business days.

• Transaction Fees: None
• Deposit Limits: £10 min
• Deposit Processing Time: Instant
• Withdrawal Processing time: 1-3 days
• Our Opinion: Luke Andrews says, “Bank transfers are still one of the most popular ways to withdraw from an online casino, especially if it involves large sums. BetVictor is a well-established website that has the trust of millions throughout the UK.“

Essential Information for Every Gambler

As avid sports fans, we love to bet, and over the years we have sampled hundreds, if not thousands, of betting sites and this experience means we are confident in helping you find the best betting sites that accept bank transfers. Most of the best boxing sites accept bank transfers as payment, making it an ideal way to bet on the biggest fights.

We know what you want in a bookie because we want the same, and if you need more in-depth information on an operator, you can read all about them in our award-winning reviews. A full list of our reviews can be found at our best betting sites in the UK homepage.

Fees and Processing Times

In this next section, we answer the question that is on almost punters’ lips when considering a payment method, and that question is “how much does it cost?” Any charges, no matter how small can soon add up, especially if you deposit and withdraw regularly and no one wants to pay if they don’t have to.

We also investigate how long it takes to make a deposit and when you win, how long it takes before the funds are in your account and ready to spend. You can see the results of our research in the table below:

*Limits may apply from the payment processor themselves.

The first thing you’ll probably notice about the table above is that none of the best bank transfer betting sites that we feature charge for either making deposits or withdrawals. You will, however, have probably noticed the dreading asterisk next to the information.

This is due to the likelihood of your bank charging for the service as all banks charge differently. One thing to remember is that not all horse racing betting sites accept bank transfers as a deposit method, so check before you deposit if they do or not.

We cannot provide that information; you would need to check with your bank. Another variable is the timescales as you can choose which type of transfer you make. A standard bank transfer is typically 1-3 working days.

The Pros and Cons of Using Betting Sites that Accept Bank Transfers

Without a doubt, one of the most attractive aspects of bank transfer betting is the security with a bank transfer being one of the safest ways to deposit funds. We are used to banks employing state-of-the-art measures to keep our funds safe. Another great feature about a bank transfer is that you are totally in control and there is no intermediary involved.

It also means that you are not sharing sensitive information like debit card numbers with a third party. Another plus is that bank transfer betting makes the customer eligible for new customer betting bonuses on offer at most bookmakers, such as free bets.

Whilst using the best bank transfer betting sites it scored highly with security, one area it distinctly lacks is speed with the time it takes to make a deposit lagging well behind other payment methods such as Mastercard betting sites or Visa betting sites.

Depositing Funds with Bank Transfer Betting Sites

The process to deposit funds at betting sites is a two-stage process;

You first need to log in to your bookie’s account and select withdrawal. All the information you need will be displayed; you will need to use this information on the Internet banking site of your bank. Ensure you have enough funds in your account to cover the deposit, then create a new payment. Let’s take a closer look at the steps you need to complete;

Although the steps to deposit via bank transfer are self-explanatory, we’ll do our best to provide as many details as possible. Inexperienced players might come across some hurdles in the process, so it’s for the best to not miss the following information.

Check out the information we’ve included below and enjoy the betting opportunities at the best bank transfer betting sites!

Step One: Log in to your online sports betting account.

The first step in depositing funds into bank transfer betting sites is to log in to your sports betting account. If you don’t already have an account, you can find highly recommended bookies listed on this page, all of which are licensed and regulated by the gambling regulation authorities.

Go to the account section select the deposit option and select bank transfer from the list of payment methods. It’s worth pointing out that this stage is only to obtain the details you need to perform the bank transfer, if you already know the details that the bookmaker uses, you may not need to complete this stage.

Step Two: Access your internet banking.

The quickest method of making a bank transfer is to use Internet banking. Most of us use Internet banking, and the process is simple, and the chances are you have performed this task in the past for setting up one-off payments.

We would advise you to double-check you have enough funds in your account to cover the amount you wish to send as most banks will charge you if you go overdrawn or the transaction could be declined. You can also set up a bank transfer using telephone banking or by going into any branch of your bank and speaking to a cashier and filling in a form but for this example, we will concentrate on internet banking.

Step Three: Complete the required fields.

Within your internet banking, you need to select an option to create a new payment, this can be called different names and certainly look different on each bank’s website, but it should be easy to find. You now need to enter the details that you saw displayed in the deposit section at the bookmaker. This will include your beneficiary Name, Beneficiary Bank Name, Beneficiary Bank Address, Beneficiary Account, Bank Sort Code and your online bookmaker account number. To ensure accuracy, we strongly advise that you copy and paste the details, rather than type them out to reduce the chances of a mistake. Once all fields are completed, enter the amount you wish to deposit, you may also ask which bank transfer method you want to use (standard, swift or CHAPS) and submit the form. You are now likely to receive a text message with a unique code; this needs to be entered on the webpage to confirm the transfer.

Withdraw Your Winnings – Takes Time

While it may seem that there is a lot involved in depositing, it is just a case of following the process step-by-step, and it does get quicker, and like second nature the more you do it.

The process for withdrawing money is more straightforward, but as with all payment methods we review, we will talk you through the stages. The process shouldn’t take more than a few minutes and is as follows;

To request a withdrawal by bank transfer, click on the balance icon at the top of the page (could also be called my account or similar) and then select withdraw. The bank transfer option will be presented to you, and you now need to enter your bank details. You will need to enter the full name of your bank in the bank name field. Next is the bank address in which you need the complete address of your bank including postal code & country.

The account holder’s name details are next, and these need to be your name accurately as it is registered with your bank. You are then required to provide your 8-digit bank account number along with your 6-digit sort code along with the amount to withdraw. Click on withdraw, and if all fields are completed correctly, you will then see a confirmation page.

Security of Bank Transfer Gambling Sites

We all trust banks to look after our money, you are likely to get your wages paid into a bank account on a weekly or monthly basis. Few of us are worried about the safety and security of our money, after all, what is more secure than a bank? The banks have sophisticated measures to combat fraud, attempt to log in from a different computer and the two-stage authentication will require you to confirm it is you via text.

End-to-end encryption used on the online platform ensures your data is safe from prying eyes. Every time you use bank transfer betting, you will be sent a full overview of the transaction which you need to confirm, making mistakes unlikely.

How do Bank Transfers Compare to Other Alternatives?

There are other ways to fund online betting sites using your bank account with numerous online betting payment methods, and e-wallets are just a few of them, which are becoming more popular on new betting sites. They offer a similar service to a bank transfer, using a service we have reviewed called Trustly, which performs the same actions as a bank transfer but in a fraction of the time that a standard bank transfer will take.

If you plan on depositing large amounts, bank transfer is likely to be your preferred choice, Unibet for example, doesn’t have a set deposit limit. If you are likely to bet away from the major bookmakers, more bookmakers accept bank transfers than e-wallets. However, both financial services do not share your card and financial information with third parties, except for the details needed to process the payment.

Today, bookies offer incentives to sign up for a new account. As some bookmakers exclude e-wallets from taking advantage of these, Bank transfer gets this round. However, withdrawal times are where e-wallets shoot ahead, instant deposits and withdrawal times depending on the bookmaker, are the fastest we have reviewed. Bank transfers feel distinctly 17th century compared to e-wallets.

Bank Transfer Betting Sites: Conclusion

Nowadays, bank transfers have evolved to be nearly instant, especially with operators like Spreadex, where withdrawals can be received on the same day. The era of waiting nearly a week for bank deposits to clear is long behind us. This significant improvement in the processing times has made bank transfers a much more convenient option for quick and efficient transactions.

Bank transfer betting is a niche market which is preferred by many, hpwever, in the dawnn of the e-wallets, operators such as PayPal would be our choice for depositing for sports betting due to their lightening quick turnaround times. If you want to know more, you can read our review of PayPal betting sites.

FAQs About Bank Transfer Betting

We love hearing your feedback and suggestions for our site, and if you have any questions regarding bank transfer betting, online gambling sites or any sports betting questions then you are welcome to drop us an email at info@bestbettingsites.com.

Which are the best bank transfer betting sites?

Almost every gambling site offers the bank transfer method to its players, but the best bank transfer betting sites stand out among the rest. The reason for that lies not only in available games, bonuses, and overall platform performance, but in their reputation as well.

Why should I use bank transfer betting sites?

Undoubtedly, this financial service has been around for decades, ad during that period, the transactions were improved immensely. The pros and cons of bank transfers will surely help you determine whether this payment method is for you, but our overall opinion is that it has the needed security to be among the top financial services!

How can I withdraw my funds at bank transfer betting sites?

Similar to deposits, bank transfer has some withdrawal specifics as well. The bank transfer cash out procedure is easy to follow and with just a few things to remember, you'll initiate your transaction. Bear in mind that it will take some time for your money to apear in your bank account.

How come the deposit I made by bank transfer is not showing in my bookmaker account?

This is the most common question we get asked regarding bank transfer gambling sites and is usually due to the customer missing their account number on the withdrawal form. Make sure you follow the needed steps for bank transfer deposits or double-check with the bank's customer service team.