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Best Bank Transfer Betting Sites

Bank TransferIf you’re looking for a simple and reliable way to fund a betting account, you can’t go far wrong with bank transfer. Pretty much every top sportsbook and betting site lets you deposit funds via this method.

To find out whether bank transfers will work for you as a deposit method, you’ll want to read on. We’re going to point you toward the best bank transfer betting sites. We’ll also answer all the questions you might possibly have about the payment method. So, let’s get cracking.

Betting Sites That Accept Bank Transfer

18+ New Customers only. Deposit, opt in 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 Game Show Bonus, selected games, wager 40x to withdraw a max of £250. T&Cs Apply. Please Gamble Responsibly.
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 & T&Cs apply.
New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. T&C's apply.
18+ New UK+IRE customers. PayPal and certain deposit and bet types excluded. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply.
New UK & NI customers only. promo code ‘SPORTS60’. Deposit & place first sports bet of £10+ in one bet transaction, at odds of Evens (2.0) +. settled within 60 days. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement, 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 60 Free Spins on Justice League Comics. 7-day expiry. Full T&Cs apply.
New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply.
18+ New UK+IRE customers. PayPal and certain deposit and bet types excluded. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply.

Deposits, Withdrawals & Time Scales

Bookmaker Deposit Min Max
Betvictor 0-48 hours £25 No Limit
Bet365 24-48 hours £100 £100,000
William Hill 48 hours £20 £50,000
Coral 48 hours £25 £100,000
Betfred 48-72 hours £25 £50,000
Betfair 24-48 hours £10 £100,000
Ladbrokes 48-72 hours £50 £100,000

Best Bank Transfer Betting Sites & Why:

The following list details the best bank transfer betting sites and why we picked them:

  1. Betvictor – best odds & limits
  2. Bet365 – biggest bonus deal
  3. William Hill – great promotions
  4. Coral – good all-rounder
  5. Betfred – double sign up offer
  6. Betfair – betting exchange and bookmakers
  7. Ladbrokes – trusted UK name

How To Use Bank Transfers For Online Betting

Most of us today are pretty familiar with online banking. If you manage a bank account on the net and have an online betting account, it’s easy to use bank transfer for deposits. The exact details of depositing will differ a little according to your bank and the betting site you use. The principal steps, however, remain broadly similar.

What You Need to do on the Betting Site

The first step to making a betting deposit using bank transfer is to head to your chosen sportsbook. Once there, login to your account and head to the ‘Deposit’ area of that account. This is usually pretty straightforward to find. Often, there’ll be a link to click or tap toward the top of your screen. Otherwise, it will be one of the first options you find on your account’s main menu.

Once you’ve found the ‘Deposit’ area of your account, you’ll see a list of possible payment options. You’ll need to select the ‘Bank Transfer’ option, which some sites may call ‘Bank Wire’. Selecting this option will take you to a new page. That page will contain all the info you need to make a deposit via bank transfer.

That information will include the account name, account number, and sort code of the betting site’s bank account. Make a note of these details as you will need them when you head to your online bank. The page should also give you a reference number or ID unique to your betting account. This ensures that it is your account that’s funded when you transfer money to the bookmaker. The reference number or ID will often be your betting username or account ID. With all this information, you can now head to your online bank.

What you Need to do Through Your Online Bank

The rest of the deposit process gets handled by your bank. You need to head to your online bank and log in to the account you wish to use for your betting deposit. Then, head to the section devoted to making one-time payments and transfers.

Your bank might ask you if you want to make a payment to a new or existing payee. If you’ve never deposited to a particular betting site before, you’ll need to choose the new payee option. You’ll then get taken to a page asking you to provide details of who you wish to pay.

That page is where you input the account name, account number, sort code, and reference ID that you got from your chosen betting site. You’ll also need to enter how much you wish to deposit as part of this initial transfer.

All that’s left now is to fulfil the same authorisation process as you would for any payment from your bank. When you ask your bank to transfer funds, you’ll often get asked to do one a few things to authorise the transaction.

Some banks need you to generate a code using a card reader and to enter it, to confirm the transfer. More popular today, though, is two-step verification via your mobile. When you attempt a transaction, your bank sends a text to a mobile number registered to the bank account. You then enter the code from that text through your online bank to verify the transaction.

Once you’ve actioned and verified the bank transfer, it’s job done. You simply have to wait for your funds to appear in your betting account. How long that takes will depend on your chosen betting site, as explained in the table further up this page.

Why Use Bank Transfers?

Security

Deposits made via bank transfer are arguably the most secure around. The payments themselves get handled entirely by your online bank. Banks leverage the most sophisticated encryption and other cybersecurity measures in existence. All to keep your money safe.

Simplicity

If you read our description above, you’ll have realised that depositing by bank transfer is really simple. It’s like making any other payment using your online bank, and only takes a couple of minutes of your time.

Availability

Head to pretty much any betting site worth its salt, and you’ll find bank transfer as a payment alternative. It’s one of the most widely available deposit options, worldwide.

No Fees

It’s free to deposit – and withdraw – via bank transfer pretty much across the board. Only a tiny minority of betting sites attach fees to bank transfers. If you find a site that does, it’s probably worth deciding to bet with someone else.

Bonuses & Promotions

If you deposit via some payment methods, bookies exclude you from bonuses and offers. That’s never the case if you fund your betting account via bank transfer. Sites don’t need to protect themselves from fraud, as they do when punters use some e-wallets.

Bank Transfer Betting FAQs

Will I Get Charged for Deposits or Withdrawals by Bank Transfer?
Almost certainly not. Pretty much every site and sportsbook that offers bank transfer as an option lets you deposit – and withdraw – for free. If you find a bookie that does charge, think about taking your custom elsewhere.
Which Bookmakers Accept Bank Transfer?
This is one of the best things about choosing bank transfer as a deposit option. It’s available almost everywhere. Before e-wallets, mobile payments, and other options, there were bank transfers and card payments. They were the alternatives which dominated the online betting payment field.
What Appears on my Bank Statement?
When you fund a betting account via bank transfer it’s like making any other payment from your bank account. As such, the name of the ultimate payee will appear on your bank statement. In many cases, that means the name of the betting site you’re planning on using. Sometimes, though, it will be the site’s parent or holding company. Often, your chosen site will tell you what will appear on your statement. Usually when it gives you the details needed to make a transfer.
Are Deposits via Bank Transfer Secure?
Yes. That answer could hardly be more emphatic. Deposits via bank transfer are arguably the most secure payments around. All the legwork gets done by your online bank. Banks utilise the most sophisticated cybersecurity measures around to protect their transactions.
What’s the Difference Between a Bank Transfer and a Debit Card Payment?
Bank transfers and debit card payments are similar. The funds involved come direct from your bank account. As such, your betting site’s name will likely appear on your statement. To make a deposit using debit card, though, you must share your card details with the sportsbook or site. You don’t have to share any financial or personal information to make a deposit via bank transfer. You simply instruct your bank to move money from your account to that of betting site you’re going to use.