If you do not have a credit or a debit card, nor you have any other alternative payment method at your disposal, Bank Transfers are your last resort. You don’t need anything else besides a valid ID card and some cash to fund your online sportsbook cash balance. Almost all online sportsbooks offer Bank Transfers as a last resort withdrawal method. However, there are certain online sportsbooks that accept deposits via bank transfers.
You will incur a small fee, regardless of what kind of transaction you’re making including deposits and withdrawals. If you’re requesting a withdrawal via bank transfer, the transaction fee will be deducted from the amount you’ve requested to be withdrawn. Try to opt for the bank transfer as little as possible since it comes with high minimum withdrawal limits, high processing fees and it has the longest processing periods. All of these make the online sports betting experience inconvenient.