Bank Transfer Betting Sites

Bank Transfer Betting Sites

An online betting experience runs smoother with hassle free payments, speedy withdrawal processes and fast deposit methods. Your choice of payment method should be safe and secure, and this is precisely what you get with a bank transfer.

If you want to fund your betting account using direct bank transfer, you’d be happy to learn that this payment method is widely accepted by many bookmarkers globally.

Using bank transfers for sports betting is expected in the industry. The bank transfer gambling sites that we have featured in this article are regulated and licensed by the United Kingdom Gambling Commission meaning you can rest assured that your funds are safe and secure.

Here are our choices for the best bank wire transfer betting sites:

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bet365
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bet365 – BET £10 GET £50 IN FREE BETS

premier league logoFootball Iconcash out icon
MIN ODDS 1.5
MIN DEPOSIT £10

bet365 is one of the best bank transfer betting sites because it offers a generous sign-up offer and provides an array of sports to bet on with countless markets available on most fixtures. Their live streaming and in-play betting are unmatched. Additional features you can look forward to including extensive eSports and virtual sports. If you desire to deposit on this bookmarker by fast bank transfer, you’d be glad to know that the site offers a low minimum deposit.

They accept a debit card as an option for smaller deposit amounts. With a vast offering of sports and a quick and easy sign-up process, bet365 is an excellent option for first-time bettors.

Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.T&Cs Apply
coral logo
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Coral – Bet £5 Get £20 In Free Bets

efl logoFootball Iconpremier league logo
MIN ODDS 1.5
MIN DEPOSIT £5

Another best bank transfer betting site is Coral. Coral is one of the most trusted brands in the gambling industry. The company has been around for several years now and boasts a first-class reputation for integrity and safety. On top of being easy to navigate, it also has some of the best odds on the market.

The site offers an excellent variety of options for people who want to bank transfer to place a bet and for people who wish to fund their account with a card or another type of deposit. One of the most convenient things about Coral is that you can open an account with just a few clicks on the website and start betting within just a few minutes. Once you have unlocked your account, you can quickly transfer from your bank. Their betting app is also notable.

18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 to get 1x £20 free bet. Free bet available to use on selected sportsbook markets only. Free bet valid for 7 days, stake not returned. Restrictions +T&Cs Apply
william hill
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William Hill – Bet £10 Get £30 Free Bets

Horse IconFootball Iconquality icon
MIN ODDS 1.5
MIN DEPOSIT £10

William Hill is another platform compatible with many bank accounts. The platform is among the most detailed and easy to use within the online betting industry. Full of features such as its radio service, and best free bet odds, there’s no doubt this betting site is among the best bank transfer betting sites.

It allows you to deposit funds into your account seamlessly and then use them to make sports bets. When you make a deposit, you will receive a unique code. When you want to cash out your winnings, you can enter that code to receive your funds. The company offers live chat and email support if you have questions about how to deposit or withdraw money from your betting to a bank account.

18+. Play Safe. From 00:01 on 18.10.2022. £30 bonus. New customers only, Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook (excluding Virtual markets).T&Cs Apply
ladbrokes
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Ladbrokes – Bet £5 Get £20 In Free Bets

quality iconpremier league logopaypal logo
MIN ODDS 1.5
MIN DEPOSIT £5

Enjoy a wide range of betting options, great odds and fast payment processing with Ladbrokes. Ladbrokes also has excellent customer service and a wide range of betting options. Ladbrokes is one of the most reputable bookmakers in the industry, and it’s prevalent among sports bettors. You can bet on sports, play poker and casino games, and use it as your primary bank.

You can transfer money from your bank account to Ladbrokes directly and deposit funds if you don’t have a bank account through other payment methods available on the platform. Ladbrokes offers some of the best odds in the business.

18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first £/€5 bet within 14 days of account reg at min odds 1/2 to get 4x £/€5 free bets. Free bets available to use on selected sportsbook markets only. Free bets valid for 7 days, stake not returned. Restrictions + T&Cs apply.T&Cs Apply
10bet logo
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10Bet – £50 WELCOME BONUS

MIN ODDS
MIN DEPOSIT £10

10bet is one of the bookmakers that does not need any introduction, having been in the market for around 15 years. It is another option you should consider if you’re looking for a dependable bank transfer betting site. Enjoy 60,000 pre-match events every month from 35+ sports. Thanks to the online bookie’s algorithms, all these events offer outstanding odds and value.

Other than that, you can also find at 10bet a wide variety of sports such as basketball, American football, baseball, volleyball, golf, tennis, soccer, ice hockey, rugby, Formula 1, and many others. The best part of 10bet is that you can place your wagers in various currencies.

New bettors get 100% of deposit up to £50; Once per household; Min deposit £15 (no Skrill/Neteller); Wager a total of 8 times deposit + bonus, with max qualifying bet stake equal to your initial bonus amount; Bonus expires after 60 days; Min odds of 4/5 on singles, or 2/5 per leg for acca; Some bet types excludedT&Cs Apply
betfred logo
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Betfred – Bet £10 Get £40 in Bonuses

MIN ODDS
MIN DEPOSIT £10

Betfred provides a generous promotional offer with an incredibly excellent value starter bonus worth considering if you want to sign up with a bookie using a bank transfer. The popular site features several free-to-play promotions coupled with standard offers and a variety of excellent bets across different sports.

Funds take around two working days to clear. You can bet on a wide variety of sports, such as football, baseball, basketball, hockey, and much more. Furthermore, you can wager on various sports events, such as soccer matches, tennis matches, golf tournaments, and much more. In addition to sports betting, you can also play some casino games and poker.

New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply.T&Cs Apply
Betvictor Logo
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BetVictor – BET £5 GET £30 IN FREE BETS

premier league logopaypal logoskrill
MIN ODDS 2.0
MIN DEPOSIT £5

While BetVictor provides excellent betting options, it tends to excel more in football betting. The platform offering a stellar mobile application for Android and iOS is an incredible choice for punters. Just like others in this list, it is possible to transfer small amounts through bank transfer using this platform. Moreover, the platform lets you place bets on a range of sports, including rugby, cricket, and basketball, among others.

You can also place bets on a variety of sports events, such as the Grand National, Wimbledon, and the Super Bowl. The only area the platform should improve on is their live streaming. Fortunately, the great value odds make up for it.

18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus a £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply, see below. begambleaware.orgT&Cs Apply
888 sport logo
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888Sport – £30 Free Bets + £10 Casino Bonus

MIN ODDS
MIN DEPOSIT £10

888Sport is an excellent choice for punters looking for a bank transfer betting site offering online casino and sportsbook betting. A sister site of 888 Casino and 888 Poker, this one provider is better than average odds.

Furthermore, there are plenty of betting options for an array of sports. The fact that the platform keeps on making upgrades to the site for a better user experience is one of the reasons you should consider it. Their bank transfer feature is called ‘Wire Transfer.’ The site is highly secure with an incredible interface. You can make your bets quickly, with a very easy-to-use system.

Min deposit £10 • A qualifying bet is a ‘real money’ stake of at least £10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days and expires after 14 days • Bonus valid on selected Casino games only • Bonus wins capped at £500, excluding Jackpot wins • You must wager Bonus amount x40 – this requirement varies by gameT&Cs Apply
unibet logo
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Unibet – Up To £40 Money Back Bonus

+ £10 CASINO BONUS
Horse IconFootball Iconcash out icon
MIN ODDS 1.40
MIN DEPOSIT £10

Unibet boasts an exemplary live streaming service, an excellent selection of payment services, including bank transfer, and a decent value welcome bonus. With their bank transfer option, the process takes several days to complete. The site has an excellent customer service team, which is available to answer questions from customers via email, chat, or phone. You can bet on soccer games from other sports, including cricket, basketball, and baseball.

18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first sports bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Visit Unibet.co.uk for full T&C’s.T&Cs Apply
paddy power
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Paddy Power – Bet £10 Get It Back If It Loses

Money Back As Free Bet
MIN ODDS
MIN DEPOSIT £10

Paddy Power has award-winning reviews that detail its favourite operator and why they are a good bet. The platform is a reputable sportsbook that accepts bank transfers from most countries. It offers a wide variety of sports bets, casino games, and much more.

You can deposit funds and start placing bets quickly within a few hours. The website is straightforward to navigate and has a clean design. Their low deposits are lower and friendlier to lower-stakes punters. Setting up your bank transfer with this site is a walk in the park. If you want to stake low amounts, this is your ideal site.

Betfair Logo-01
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Betfair – BET £10 GET £30 FREE BET

Football Icontop iconHorse Icon
MIN ODDS
MIN DEPOSIT £10

On top of generous bonuses and great odds, Betfair also has a wide range of available races and classic bets, making it an excellent option for those looking to cover their wager securely and quickly collect their winnings. Initiating bank transfers with this betting site is seamless.

The process takes minutes. Betfair offers a wide range of bets on any sport, including American sports like baseball and basketball. It also has various ways to collect your winnings, including several different deposit and withdrawal methods and convenient PayPal integration. It is an excellent option for those looking for an easy-to-use site with many available bets and generous deposit bonuses.

New customers only. Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards or Apple Pay will qualify. Please Gamble Responsibly.T&Cs Apply
Jeffbet Logo
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Jeffbet – Bet £10 Get £30 In Free Bets

quality iconFootball Iconcash out icon
MIN ODDS 1.5
MIN DEPOSIT £10

Finally, let’s look at JeffBet as our final bank transfer betting site. The online sportsbook is among the new ones in the industry that accept bank transfer deposits. This online betting site combines sports betting with an online casino.

The good thing about this site is that it follows a similar template to many online bookmakers to ensure users have different payment options, including bank transfers. Enjoy decent odds on most sports and casino games. The site has a large selection of betting options, which is perfect for every type of sports fan.

New Players Only. Min £10 qualifying bets, stake not returned. Free bet – one-time stake of £30, min odds 1.5, stake not returned. 1X wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £200. Valid for 7 Days from issue. Withdrawal requests voids all active/pending bonuses. Excluded Skrill deposits. Full Terms apply.T&Cs Apply

What Is A Bank Transfer

As its name suggests, a bank transfer initiates a money transfer from one bank account or financial agency to another. Transferring funds from a bank account is safer and faster than some methods. You can make transfers through online banking, telephone, or in-branch bank transfers. Depending on the type of bank transfer, the funds should be available on the recipient’s end instantly or within days.

How Do Bank Transfer Betting Sites Work?

Bank transfer betting sites work just like the rest that use other payment methods. The only difference is that withdrawals and deposits might take time. However, they make up for this by being highly safe and secure. All you need to do for a successful bank transfer is follow the step-by-step process, which shouldn’t take long.

Step 1: Choose a bank transfer gambling site

The first step is to choose a bank transfer gambling site. Today, many betting sites that accept bank transfers are available. Looking for the best betting sites that accept bank transfers? When searching for one, some factors include their deposit time frames, bonuses offered to new customers and max/min deposit amounts.

Step 2: Log into your betting account

Once you’ve settled on a sports betting site, you’ll need to register and once verified, proceed to the account section and choose the deposit option as “Bank Transfer” from the payment methods list. Obtain all the necessary details to perform a bank transfer.

Step 3: Access your bank

Internet banking is the best and quickest way to initiate a bank transfer. Double check you have adequate funds in your account, as you want to avoid being charged for declined or overdrawn transactions. Alternatively, you could set up your bank transfer through telephone banking.

Step 3: Complete the necessary details

Within your internet banking, choose an option to create a new payment. Enter the details you saw displayed in your preferred bookmarker’s deposit section. Essential details include beneficiary name, bank address, account, and bank sort code. It also consists of the bookmarker’s account number.

For the utmost accuracy, copy and paste the details instead of typing them. After completing all the fields, enter the desired deposit amount. Choose your preferred type of bank transfer (CHAPS, swift or standard) and submit the form. You’ll likely get a text message featuring a unique code which you’ll enter on the website to confirm the transfer.

Advantages of Betting with Bank Transfer

There are many advantages to using bank transfer when it comes to betting, including security, convenience and cost effectiveness. We’ll discuss the advantages of betting with bank transfer and how you can use this payment method to make the most out of your online sports betting experience.

Low Minimum Deposit Amount

With a good number of bookmarkers, the minimum deposit punters can make through bank transfer is usually low, making it an accessible payment method for many bettors.

Widely Utilised For Withdrawals

Many betting websites are into processing withdrawals using bank transfers because it’s a secure and safe way of sending winnings to punters.

Secure

Banks often put in place rigorous security to prevent fraudulent access to your account, making this method a secure way to transfer money into or from your betting account.

Easy To Set Up

Initially, setting up a bank transfer was tedious and challenging, often involving lengthy calls to your bank or even having to visit a branch to set up your transfer. Today, with the advent of technology, setting up everything is a breeze. Whether you choose online, mobile or telephone banking, you should get set up within minutes.

Widely Available

If you have a bank account and reside in a country where online gambling is legal, then you can rest assured that you can utilize your bank account to initiate transfers from and to your betting site.

No Fees

Bank transfer transactions do not incur fees when you initiate them on a betting site.

Disadvantages of Gambling with Bank Transfers

Bank transfers are often seen as the most secure and convenient method of transferring money for gambling purposes. Still, there are several disadvantages which should be taken into consideration before making a decision. We will discuss some of the key disadvantages of using bank transfers for gambling.

Extensive Processing Time

One of the main drawbacks of bank transfers is their ample processing time. It is among the slowest methods of payment systems utilized to fund your betting account. Transactions can take anywhere from 1 – 10 days, with an average of 3 – 5 days to complete. You can experience a similar delay in getting funds when withdrawing and desire to get paid through bank transfer.

Phishing Issues

As a bettor using bank transfer, you can be a target of criminals and fraudsters with phishing scams as they try to harvest your account login and data. For this reason, always be cautious of these scams. Talk to your bank immediately if you notice you’re a victim of the same.

Types of Bank Wire / Transfer

We have already established that today, the number of bookies accepting bank wire payments is higher than it was a couple of years ago. It is rare for modern sportsbooks not to offer bank transfers as a payment method. While that is the case, the million-dollar question that then begs is, which are the different types of bank wire or transfer that betting sites accept? Well, here are some of the common ones;

Bankers’ Automated Clearing Services (BACS)

BACS is an electronic bank-to-bank transfer mainly used for direct credits and debits. Typically, the payments take three business days to clear. Some benefits of this type of bank transfer include better payment terms, a cut down on reconciliation, direct cost savings, improved cashflow management and reduced time and administration costs.

However, there are some drawbacks to using BACS transfers, including the fact that they are not suitable for urgent or quick payments as they take a significant time to process and cannot be cancelled once initiated.

Clearing House Automated Payment System (CHAPS)

CHAPS is a bank-to-bank transfer system that runs via the SWIFT network. Typically, it is a reserve of once-off, high-value payments that you must send and receive on the same day. To transfer money via CHAPS, you must set up an account with a bank that offers this service. You can only transfer money via CHAPS if you have an account with a bank that offers it as a service. You also need to have a high volume of funds to transfer via CHAPS.

Bank Wire

Bank wires are an electronic transfer of funds through a network administered by transfer service agencies (such as Western Union) and banks around the globe. These transfers entail a sending and receiving institution and need information from the party that initiates the transfer, like the account number and receiver’s name.

Of great importance is that wire transfers do not involve any physical cash exchange but are usually settled electronically. Wire transfers are handy tools for sending vast sums of money securely and quickly, mainly if you are in a different location. While firms can limit the amount transferred, these caps are relatively high.

Faster Payments Service (FPS) Bank Transfer

FPS was launched in the country in 2008 to facilitate standing, telephone, internet and mobile order payments to move securely and quickly between UB bank accounts around the clock. The Faster Payments Service (FPS) is a faster way of transferring money between banks. The payments clear in under two hours, meaning transfers are much quicker than expected.

Like its name suggests, payments sent through FPS arrive in a recipient’s bank account almost instantly or within minutes. Although it can take an hour or two for the payments to reflect, it is uncommon. The four different types of FPS are direct corporate access, standing orders, forward-dated payments and single immediate payments.

Is Bank Transfer Gambling Safe?

Bank transfer gambling is safe because of the thorough security checks banks put in place to safeguard your account information. Banks have fraud detection systems which protect your information. You don’t need to share your financial information with your bank transfer bookies. Bank transfer betting sites are safe because they don’t store your financial data. If a bank transfer betting site does experience a data breach, your personal information won’t be at risk.

Although bank transfer betting sites are safe, it is prudent always to exercise caution when making payments online. Make sure to keep your computer secure with anti-virus software and a firewall. Stay away from betting sites that require you to deposit money with a prepaid card for your gambling transactions. Finally, please keep your eyes open for scammers who try to trick you into giving them your bank account details.

You can protect your bank account by setting up alerts. If you’re betting a significant amount of money, you’ll want to set up account monitoring to alert you of suspicious transactions. If you’re using a debit card to fund your account, you can also set up transaction alerts to determine if your card is being used outside your usual spending pattern.

Do extensive research into a bookmarker’s security to ensure your money is safe and you can bet with the utmost confidence. The site you settle for should embrace the latest online security practices. The good thing is that all the sites featured in this guide are reputable, trustworthy and highly secure for bank transfers. All of them run on dependable online security platforms meaning your money is safe.

Bank Transfer Betting Site Withdrawals

Bank transfer withdrawals are a popular choice for those looking to withdraw money from a betting site to their bank account. Withdrawing money from a betting site is a fast and easy process. You must select bank wire as the preferred withdrawal method, then enter your banking details. Once you’ve done that, the bookmarker will process the payment and once sent; it can take several days to get into your bank account. Wire transfers are often handy for large withdrawals, as the minimum limit for this method can be high with many bookmakers.

Why not read about fast transfer betting sites if you don’t want to wait to get your winnings.

Withdrawal rules and regulations are different from one betting site to another. Nonetheless, the withdrawal processes with most of them are the same.

Alternative Payment Methods to Bank Transfers

Bank transfers are seen as more traditional and safe, so people might use them over other payment methods when betting online. They are also well-accepted by the online gambling industry and tend to be secure and encrypted. However, for one reason or another, you can opt for other payment methods for bank transfers.

Some of the most common alternative payment methods to bank transfers include:

Debit or Credit Card

Many online betting sites accept Mastercard and Visa are their preferred method of withdrawal and payment. Others accept Maestro and American Express.

PayPal

PayPal is a reliable e-wallet widely accepted by many bookies. PayPal deposits are almost instant. You can also use it for withdrawals.

Cryptocurrencies

Only famous online bookmarkers accept cryptocurrencies as a payment method.

Skrill

You can never go wrong with using Skrill to deposit and withdraw funds from your betting site. Many bookies accept it and offer generous welcome bonuses for punters that use Skrill.

Neteller

Neteller is a gambler’s favourite. It boasts short withdrawal times without any commissions.

Paysafecard

Paysafecard is also highly popular among betting sites. You can obtain prepaid cards from bars, tobacconists or shops of different kinds.

Final Thoughts

Bank transfer betting has been around for quite some time now. Due to technological advancements, it has become easier to transfer money internationally, which has led to an increase in the popularity of bank transfer betting. With online banking and mobile banking, you no longer have to visit the bank to make a transfer with an online bookmaker.

You can do it from the comfort of your home or office. You can make transfers from your mobile phone as well. With so many people using online banking, it’s no surprise that more people are turning to this method of betting.

Different online sportsbooks accept bank transfers as a deposit method or payment option. The process of these bank transfer bookmakers can take some time, but it is a secure way to fund your account. You can choose any of the top-rated sports betting sites that accept bank transfers that we have featured in this betting guide, as they’re safe, secure, and feature a user-friendly interface.

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About Joe Kizlauskas

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He's written more words on all elements of iGaming than he likes to remember, and he's contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.