If you're looking to use a bank transfer betting site, you've probably noticed that almost every bookie falls into that category. Luckily for you, our expert reviewers have sorted the wheat from the chaff for you and put together a list of the best bank transfer betting sites by category.
Plus, we show you how to make betting deposits and withdrawals via bank transfer. And we walk you through all of the pros and cons of using bank transfer betting sites.
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888sportSign-up Offer100% up to $100New Customers only • $10 min deposit • The bonus will be applied once the full deposit amount has been wagered at least once with cumulative odds of 1.5 or greater • Wagering must be cleared within 60 days • This offer may not be combined with any other offer • Casino Bonus valid for selected games only • Bonus wins capped at $500, exc. JP wins • To withdraw bonus & related wins, wager 30 x (bonus amount) • Wagering requirements vary by game Full T&C’s apply #adDetails -
UnibetSign-up OfferMoney Back as Bonus up to £40 if Your First Bet Loses + £10 Casino Bonus18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 35x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. No deposit required for NI customers. Call 08081699314 to claim. Full T&Cs apply. #adDetails -
bet365Sign-up OfferBet £10 Get £50 in Free BetsCD365Open account offer New Customers Only Bet £10 & Get £50 in free bets Sign-up, deposit between £5* and £10* to your account and bet365 will give you five times that value in free bets when you place qualifying bets to the same value and they are settled Free Bets are paid as Bet Credits Min odds/bet and payment method exclusions apply Returns exclude Bet Credits stake Time limits and T&Cs apply. 18+ begambleaware.org • #ad *or currency equivalent #adDetails -
BetfairFree Betsup to £100ZBBC01New 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. #adDetails -
William HillFree BetsBet £10, Get £30P30New customers using Promo Code P30 only, min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15 (30 days expiry), free bet/payment method/player/country restrictions apply. #adDetails -
BetwayFree Bets£30 Matched Free Bet if your first Football Acca losesSign-up Offer100% up to ₹2500*New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. This is offer is valid for 7 days from your new account being registered. 18+ BeGambleAware.org Full terms apply. #adDetails -
BetVictorFree BetsBet £/€5 Get £/€3018+ 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. #adDetails -
Paddy PowerFree Bets£20YSKA46New customers only. Place your FIRST bet on any sportsbook market and if it loses, Paddy Power will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using Debit Cards or Paypal will qualify for this promotion. T&Cs apply. Paddy's Rewards Club: Get a £10 free bet when you place 5x bets of £10+. T&Cs apply. #adDetails
Best Bank Transfer Betting Sites by Category
There's no shortage of bank transfer betting sites out there, which is great news, but also makes it a lot harder for punters to choose a bookie that's right for them. Luckily for you, our experts have made it a lot easier. All you need to do is pick which betting feature is most important to you, and click "Claim" to head straight to the betting site and sign up.
| Best Odds Prices |
Unibet
Sign-up Offer
Money Back as Bonus up to £40 if Your First Bet Loses + £10 Casino Bonus
18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 35x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. No deposit required for NI customers. Call 08081699314 to claim. Full T&Cs apply. #ad
Details
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| Best Welcome Bonus |
888sport
Free Bets
Bet £10, get £30 in Free Bets
30F
18+, New customers only – Minimum deposit of £10 using deposit code 30f - A qualifying bet is a ‘real money’ stake of at least €10 (£20 e/w) placed on any sports markets - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply - full T&C’s apply #ad
Details
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| Best Free Bets |
BetVictor
Free Bets
Bet £/€5 Get £/€30
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. #ad
Details
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| Best for Football |
Betfair
Free Bets
up to £100
ZBBC01
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. #ad
Details
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| Best for Horse Racing |
William Hill
Free Bets
Bet £10, Get £30
P30
New customers using Promo Code P30 only, min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15 (30 days expiry), free bet/payment method/player/country restrictions apply. #ad
Details
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| Best for Live Betting |
bet365
Sign-up Offer
Bet £10 Get £50 in Free Bets
CD365
Open account offer
New Customers Only
Bet £10 & Get £50 in free bets
Sign-up, deposit between £5* and £10* to your account and bet365 will give you five times that value in free bets when you place qualifying bets to the same value and they are settled
Free Bets are paid as Bet Credits
Min odds/bet and payment method exclusions apply
Returns exclude Bet Credits stake
Time limits and T&Cs apply.
18+ begambleaware.org • #ad
*or currency equivalent #ad
Details
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| Best Betting App |
Betway
Free Bets
£30 Matched Free Bet if your first Football Acca loses
Sign-up Offer
100% up to ₹2500
*New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. This is offer is valid for 7 days from your new account being registered. 18+ BeGambleAware.org Full terms apply. #ad
Details
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| Best for Newcomers |
888sport
Free Bets
Bet £10, get £30 in Free Bets
30F
18+, New customers only – Minimum deposit of £10 using deposit code 30f - A qualifying bet is a ‘real money’ stake of at least €10 (£20 e/w) placed on any sports markets - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply - full T&C’s apply #ad
Details
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| Best for Experienced Punters |
Betfair
Free Bets
up to £100
ZBBC01
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. #ad
Details
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Bank Transfer Betting Deposits
Getting started with bank transfer betting is simple and easy, and in this section we're going to show you step-by-step guides on how to register an account, deposit money, and withdraw money using bank transfers. Make sure to have your internet/mobile banking set up and ready to go, as well as your bank account details.
How to Make a Bank Transfer Deposit
- Head to the betting site and open the “deposit’ page
- Click on either “Bank Transfer” or “Bank Wire”
![How to make a betting site bank transfer deposit]()
- Input the amount you want to deposit
![How to make a betting site bank transfer deposit]()
- Copy the bank details shown to you on the next page
![How to make a betting site bank transfer deposit]()
- Head to your bank’s internet banking portal or app and log in
- Input the account details, the amount to be transferred, and put your unique reference number in the payment details field
- Wait for the bookie to confirm receipt of your funds
Bank Transfer Betting Site Withdrawals
- Log in to the betting site and head to the cashier section
- Select “Withdrawal”
![Bank Transfer Betting Site Withdrawals]()
- Enter the amount you’d like to withdraw
![Bank Transfer Betting Site Withdrawals]()
- Choose “Wire Transfer” or “Bank Transfer” as your payment method, and enter your account information, and click “Withdraw”
![Bank Transfer Betting Site Withdrawals]()
Bonus Eligibility
One other reason that plenty of punters still like to use Bank Transfers for betting is that punters are almost always eligible for bonuses. With each bookmaker out there restricting which payment methods can be used when claiming a bonus, the fact that Bank Transfers are almost universally accepted makes it a lot simpler for punters.
We recommend reading bonus terms and conditions in full before committing, though, as some bookmakers may state that only a single deposit method is eligible for a particular bonus. Plus, with how long bank transfers can take, you'll want to make sure that your qualifying deposit will arrive in time for you to be able to claim your bonus.
Bank Transfer Fees
Different banks and different bank transfer types each have their own fees, and we recommend checking with your bank before transferring any funds. Where punters are in luck, however, is that a number of transfer types have very low fees, or even no fees at all.
BACS transfers, for example, are free for customers when transferring funds within the UK. STC Classic transfers also tend to be free, but some country combinations could incur small fees of under €5.
Bank Wire transfers, however, can be quite costly. Depending on the country combination, bettors could end up paying up to £25 in processing fees.
The vast majority of bookies don’t charge any of their own fees for bank transfers, which means that many punters will be able to deposit and withdraw funds without paying any fees at all when using Bank Transfer Betting Sites.
Is it Safe to Use Bank Transfer with Betting Sites?
One of the strongest arguments to use bank transfers with betting sites is that they're extremely safe and secure. Banks are, obviously, subject to strict laws and regulations. This means that when you instruct your bank to send funds to a specific account (like a bookmaker's), then there's no chance that the funds could be intercepted by any third parties.
While every payment provider implements their own security measures, what these services generally do is just act as intermediaries between your bank account and the betting site’s.
High rollers, in particular, will want to make sure that any large deposits or (even better!) large withdrawals are as secure as possible, even if that means waiting a couple of days for the transaction to clear.
Mobile Betting Apps and Bank Transfers
It used to be that punters needed to be using a desktop computer to set up bank transfers, but now thousands of banks across the world have iOS and Android banking apps.
Similarly, so do a wide variety of betting sites, giving punters the power to place bets on the go. This means that bettors can set up bank transfers from anywhere in the world, as long as they’re connected to the internet.
What isn’t available, however, is the instant payment integration that some e-wallets offer. When using a lot of bookies’ apps, payments through e-wallets like PayPal and Skrill can happen instantly, as the e-wallets’ apps include that functionality.
If you’re looking for the most convenient mobile payments, we recommend PayPal or Skrill, both of which are commonly accepted payment methods.
Pros & Cons
| Pros | Cons |
| ✅ Extremely safe | ❌ Slow |
| ✅ Low fees | ❌ Higher minimums |
| ✅ High limits | |
| ✅ Universally accepted |
Advantages
There are a number of reasons that bettors might want to make Bank Transfer their primary payment method on betting sites:
✅ Safety
Bank transfers are an extremely safe and secure way to move money from one account to another. In addition to that, every single transaction is logged and transparent, meaning punters have access to records of every payment into and out of their account.
✅ Minimal fees
The vast majority of bookies don’t charge any transaction fees of their own for bank transfers. There are also a lot of types of bank transfers (e.g. BACS and local transfers) where banks don’t charge any processing fees either.
With no middleman such as an e-wallet, this means that players withdrawing funds through bank transfer betting sites won’t be charged any fees by an intermediary either.
✅ No need to register for any new services
You already have a bank account and a way to access and move your money around. When using bank transfer as your primary payment method, you don’t need to sign up to any new services, or remember any new passwords. You don’t need to prove your identity again, or do any of the things that come with signing up to a new service that handles your money. You’re already good to go.
✅ Higher limits for high rollers
The biggest advantage of using Bank Transfers, however, is that most bookies have much higher limits on deposits and withdrawals with this payment method than most others. While you might be limited to withdrawing £5,000 when using other payment methods, that can go all the way up to £150,000 with bank transfer, which is perfect for those big wins!
✅ Accepted by the vast majority of bookies
Bettors will be hard-pressed to find betting sites that don’t accept bank transfers as deposit and withdrawal methods. Many of the benefits listed above apply to the bookies too, and cutting out the middleman streamlines the process for many betting sites, and reduces the fees that need to paid as well as the external restrictions placed on them.
Drawbacks
There are far fewer drawbacks to using sports betting bank transfer than there are advantages. However, everything has its pros and cons. The main two drawbacks to bank transfer as a payment/withdrawal method are:
❌ Slower than most other methods
While there are bank transfer methods which are almost instant, most bank transfers tend to be slower than most other methods of deposit, and sometimes withdrawal. When using bank transfer betting sites, it’s important to remember that you might have to wait a few hours to a few days for the transfer to be processed by both the banks and the bookie.
❌ Some bookies impose higher minimum deposit values
While the higher limits are the main benefit of using bank transfers, the higher minimum deposit values that some betting sites implement could be the biggest drawback. While minimum deposit value with a credit card might be as low as £2, it could be as high as £20 when using bank transfer as your payment method.
Alternative Payment Methods
There’s no such thing as a perfect payment method, and for those punters who aren’t keen on Bank Transfer betting sites have plenty of other options too. From e-wallets, to payment intermediaries, to more traditional methods, punters always have choices.
The main alternatives we recommend are:
Bettors should keep in mind, though, that each of these methods have their own speeds and fees associated. For those looking specifically for speed, we’ve drawn up the handy table below.
| Payment Methods Transaction Times | ||
| Payment Method | Deposit Time | Withdrawal Time |
Bank Transfer |
1-10 days | 1-10 days |
Trustly |
Instant | Instant |
PayPal |
Instant | Instant |
Skrill |
Instant | Instant |
 Debit Cards |
Instant | 1-3 days |
Trustly
Trustly is a Sweden-based online payments service. The platform has been fully optimized for betting and is a payment method accepted by tons of bookies. Transactions are instant, meaning there are no waiting times.
PayPal
PayPal is one of the most widely used e-wallets in the world, and certainly in the UK. Transactions are instant, secure, and usually just involve a number of clicks or taps. It’s highly likely that most bettors will already have a PayPal account, and more betting portals have started accepting PayPal in recent years.
Skrill
Skrill is another e-wallet that is popular all over the world and accepted by almost all betting sites. Payments are instant, and you even get a pre-paid MasterCard associated with your Skrill account. Skrill can even be used on mobile betting sites, thanks to their handy app.
Debit Cards
| As of 14th April 2020, customers from the UK are no longer allowed to make credit card transactions at online betting sites |
Debit card payments are perhaps the most common online transactions and are accepted by the vast majority of bookies. The two main benefits of this method are that (a) you already likely have a debit card, and (b) debit cards are extremely versatile and can be used for all kinds of transactions across the internet and in the real world.
The most common debit cards would be VISA and MasterCard, and we’ve gone into depth on both the betting sites that accept VISA as well as MasterCard betting sites on SportsBetting24.
Types of Bank Transfers
Bank transfers come in a few different forms, with some being faster, some being cheaper, and some depending on where in the world the two accounts happen to be registered in.
Bankers’ Automated Clearing Services (BACS)
When transferring money between two UK-based bank accounts, this ends up going through BACS. BACS has been around since the late ‘60s, and has evolved over the decades to become one of the most secure clearing services in the world.
While BACS officially state that their payments take between 2-5 days, it’s relatively common for payments to be processed faster than this. All bettors need in order to make a BACS payment is a payee name, account number, and sort code, which betting sites readily provide to users when selecting “Bank Transfer” as a method of payment.
Faster Payments Service (FPS) Bank Transfer
The Faster Payments Service is a BACS-backed system for clearing money transfers as quickly as possible. Introduced in 2008, this is the newest form of Bank Transfer, with more and more UK banks offering the service, and the number of bank transfer betting sites signed up for the service growing each year.
Payments that go through the FPS clear in under two hours, meaning bank transfers are now a lot faster than your average punter would expect.
Single Euro Payment Area (SEPA / SCT Classic) Bank Transfers
This is the payment system that exists for transactions across the European market. Bettors outside the UK, but still within Europe, will have their bank transfers processed this way. Similar to BACS, all that’s needed for the transaction is the payee name, account number, and SWIFT code, which betting sites readily provide to bettors.
Transfers can take up to a full banking day to process, but many payments clear before then. Different banks have different cut-off times for same-day transfers in order to manage their workloads, though. Many banks set this at some point in the early afternoon, with transfers requested after the cut-off time being processed the following day.
Instant Credit Transfer Scheme (SCT Inst)
Much like BACS developed the FPS, SEPA developed the SCT Inst. Developed in 2017, this enables transfers to be cleared in under 30 seconds.
SCT Inst, however, is far newer than FPS is, and thus hasn’t been adopted by as many banks yet. European bettors can expect, however, for SCT Inst payments to become the European standard over the next few years, bringing instant bank transfer betting to many more people.
Bank Wire Transfers
Bank wire transfers are used when transferring money from the UK to an account outside the UK, and are similar to SEPA payments in some ways.
All you need is the recipient’s IBAN, payee name, and either a BIC or SWIFT code. Due to time differences and things like national holidays, these can sometimes take a few days, but are generally resolved quickly.
Why Punters Still Love Bank Transfer Betting Sites
Many of the most experienced bettors swear by bank transfer betting sites. With all the benefits to be found using Bank Transfer betting sites. Between the higher deposit and withdrawal limits, the free deposits and withdrawals, and the fact that bank transfers keep getting faster, there’s a lot to be said for them.
The added security is also a huge draw to most bettors. Bank transfers are safer than they’ve ever been before, and punters can rest assured that their money is going exactly where they intend it to.
High rollers, in particular, are fans of Bank Transfer betting sites. The ability to make bigger deposits, and massive withdrawals in single, free transactions is especially attractive to them.
Bank Transfer Betting Sites FAQs
With a background in esports betting and a regular bettor himself, Theo loves helping punters find the best deals. Whether it’s welcome offers or odds comparisons, he wants every SportsBetting24 reader to find the bookie that’s right for them.
