Bank Wire Transfer Betting Sites | 2018

Bank Wire Transfer – Old Fashioned but Extremely Safe

The good old bank transfer is considered to be the safest form of payment available nowadays. It’s no wonder that, whenever you have to deal with a larger amount of money when buying a house, for example, you pay via Bank Wire Transfer.

If you already used this payment method to buy anything of great value, you can agree that it is among the safest ways to transfer big amounts of money from one account to another. However, what if we told you that you could also use a Bank Wire Transfer to deposit at online betting sites? It might sound a bit off, but it’s 100% doable, and several betting sites accept deposits through Bank Wire Transfer.

Still having a hard time believing it? Keep reading, and you will discover the top Bank Wire Transfer betting sites and all the details about how to use this deposit method.

What should you know about Bank Wire Transfers?

Top 7 Bank Wire Transfer Betting Sites UK

New online customers only, min £10/ €10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply. Full T&C Here.
Up to £100 in Bet Credits for new customers at bet365. Min deposit £5 and 1x settled bet requirement to release Bet Credits. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
Bonus Code
YSKA00
+ Info
New customers only. Available to residents of UK or Republic of Ireland. Open a new account using promo code YSKA00. If your qualifying bet is settled as a loser Paddy Power will refund you stake in CASH. Maximum refund is £/€10. Deposit a minimum of £/€10 using a Debit/Credit Card or PayPal. Deposits made with e-wallets including Skrill, Paysafe and Neteller will not count towards this promotion. Only Debit/Credit Cards and Paypal are eligible.
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
Bonus Code
F50
+ Info
18+. Promo code "F50" required. Certain deposit methods excluded. Min £/€5 win or each-way bet excluding Tote or pools = match max £/€50 free bet. Min odds 1/2 (1.5). Bet must be made within 14 days. Free bet valid for 4 days. Free bet stake not returned. Single bets only. Free bet cannot be used on certain markets. T&Cs apply
18+ www.begambleaware.org Minimum deposit £10. You must wager your bonus money 3x to make it withdrawable at minimum odds of 1.40 (2/5) in Sportsbook, 25x for Casino. Bonus will expire after 30 days of opt-in. Further T&Cs Apply.
Bonus Code
FD10BET
+ Info
New Customers; Min. deposit £15 (no Skrill/Neteller); Bonus amount is 50% of deposit up to £100; 6x deposit and bonus turnover (min. odds 3/5 on singles and 2/5 per selection on acca bets), in 30 days, for bonus release; Some bet types don’t contribute to turnover; Withdrawal before turnover results in bonus cancellation; Terms apply; 18+

Bank Wire

Even though it isn’t, by far, a popular deposit method among punters, Bank Wire Transfer is present in almost every online betting site. Due to the processing time that can go up to 5 business days, it is hard to believe anyone would choose it for a dynamic activity such as placing bets. It could, on the other hand, turn out to be the only option available for some customers to make deposits. It’s known that e-wallets such as Skrill or Neteller have extensive lists of countries where service is not available. Moreover, if you can’t buy a PaySafe or if, for some reason, you don’t have a debit or credit card either, a Bank Wire Transfer might be the only solution.

Bank Wire Transfer Depositing at bet365

As mentioned earlier, most of the betting sites have kept Bank Wire Transfer in their payment options list simply because it might be the only solution available for some customers. On the other hand, there’s also the aspect of absolutely no fees as well as exceptional security. However, even with these advantages, is it worth it to wait up to 3 business days for your deposit to be processed? It can get better though, if you’re depositing using these country/currency combinations, the processing time could drop under 3 business days:

  • UK – GBP
  • Europe – EUR
  • Australia – AUD

Using other country and currency combination can have you waiting for ten days for a bank transfer. One thing is certain, it is not a good method to use if you’re planning on placing in-play bets. For what’s worth, you can use Bank Wire Transfers for cashing out your winnings as well.

Up to £100 in Bet Credits for new customers at bet365. Min deposit £5 and 1x settled bet requirement to release Bet Credits. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.

William Hill Also Accepts Bank Wire Transfer Transactions

Another big name in the betting industry that accepts Bank Wire Transfer deposits and withdrawals, William Hill brings some diversity to the classic Bank Transfer. There are several types of Bank Wire Transfer payments supported by this notorious betting site, such as:

  • Standard Bank Transfer
  • Urgent / Swift Bank Transfer
  • Chaps – only for the UK

As you may have guessed, the fastest form of depositing via bank transfer is Chaps. This only takes one working day, however, has the downside of only being available for UK punters. If the phrase ‘only one working day’ seems a bit off to you, you’re probably right since most deposit methods are instant nowadays. However, compared to the usual five working days a standard Bank Wire Transfer can take, one day is actually fast.

New online customers only, min £10/ €10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply. Full T&C Here.

Go with Bank Wire Transfer at Paddy Power

The list of big and respected betting sites that offer Bank Wire Transfer as a payment method is extensive. Paddy Power is one of those betting sites that, besides instant deposit methods and very fast withdrawal methods, also offer the classic bank transfer for those with no other alternative.

You can use Bank Wire Transfer for both deposits and withdrawals knowing that there will be absolutely no fees involved in the process. Perhaps this is one of the reasons why some punters will even consider depositing with such a slow payment option. Knowing they get to keep all the money in case of a big transfer. Just like with William Hill, UK punters that choose Bank Wire Transfer as a deposit or withdrawal method have the perk of having their transactions processed within one working day. At the same time, punters from other territories can wait up to a maximum of 5 working days.

Bonus Code
YSKA00
+ Info
New customers only. Available to residents of UK or Republic of Ireland. Open a new account using promo code YSKA00. If your qualifying bet is settled as a loser Paddy Power will refund you stake in CASH. Maximum refund is £/€10. Deposit a minimum of £/€10 using a Debit/Credit Card or PayPal. Deposits made with e-wallets including Skrill, Paysafe and Neteller will not count towards this promotion. Only Debit/Credit Cards and Paypal are eligible.

Advantages of Bank Wire Transfer

Most punters are all about speed when it comes to using betting sites, and for them, even the thought of putting the words ‘advantage’ and Bank Wire Transfer together may seem impossible. However, if you leave the long processing time aside, there are a few things that stand out and can truly be considered advantages. These are:

  • Most Secure Payment Method
  • No Fees Whatsoever
  • Easy to Track
  • High Limits

Complete Safety Through Bank Wire Transfers

One of the biggest advantages the Bank Wire Transfer has over other payment methods in the betting industry is safety. It’s true, other deposit and withdrawal options have their safety features and added security. However, nothing can compare with the Bank Wire Transfer. It is a transaction that takes place directly between two banks, the bank where the punter opened the account and the one where the betting site has an account. This makes it impossible to fraud or attack the transfer in any way.

No Fees to Pay towards Betting Sites or the Bank

It’s true that the vast majority of betting sites do not take fees for other payment methods as well. However, the big plus that comes with using a Bank Wire Transfer comes from the fact that the bank won’t apply a fee either. In comparison with all other payment methods, no matter if we’re talking cards, or e-wallets, all the money you win at the betting site reaches your account. Especially if you’ve won a big amount of money, it’s worth waiting the extra few days.

Easily Track your Deposits and Withdrawals

Another advantage that comes can be linked with using a Bank Wire Transfer to make transactions on betting sites comes from the ease with which you can track these payments. Every Bank Wire Transfer has its unique reference code that can be used to verify the status of each payment. Especially useful for those punters that have a hard time completely trusting the betting sites.

Enjoy High Deposit Limits via Bank Wire Transfer

Perhaps the only real advantage you get when depositing via Bank Wire Transfer is represented by the high limits. While other payment methods have a maximum limit of £2.000 or £5,000, a Bank Wire Transfer can go up to £150,000.

Disadvantages of Bank Wire Transfer

We’re sure that, if you weren’t already up to date with them, you spotted a few disadvantages from what you read so far. It’s no surprise that the Bank Wire Transfer has some flaws when used as a payment method at betting sites. Among the disadvantages you may encounter when using a Bank Wire Transfer, we mention:

  • Transaction Procedure Extremely Long
  • High Minimum Deposit Values for some Betting Sites

Bank Wire Transfer – the Safest and Slowest Payment Method

Sure, you might say that it’s stating the obvious with this one. However, speed is very important in the betting industry. Moreover, this principle does not only apply for betting sites that need to be on their toes to remain competitive. It applies to punters as well since a few minutes can make the difference between winning or losing. Having to wait a maximum of 10 working days for your deposit to go in can mean missing an entire championship if your timing isn’t right.

The Minimum Deposit Can be Very High when Using Bank Wire Transfer

It doesn’t apply to all betting sites, however, using a Bank Wire Transfer to make your deposits can sometimes mean a very high minimum deposit amount. While other payment methods allow you to make deposits as low as €5, a Bank Wire Transfer minimum deposit can be as high as €200. That’s the case for bet365, in case you had trouble believing that.

How to Deposit via Bank Wire Transfer at Online Betting Sites – Everything you Need to Know about Bank Wire Transfer Deposits

As we’ve already established, Bank Wire Transfers are payments made between banks. A payment system that is not that popular at betting sites, however, one that you can use in most of them. If you’re wondering what the steps are to initiate a successful Bank Wire Transfer, here’s a complete guide.

  1. Contact the bank where you have an account and let them know you want to perform a Bank Wire Transfer.
  2. Make sure that the amount you want to deposit is available in your bank account, in the currency you have selected on the betting site.
  3. You will receive a form that represents the initialisation of the Bank Wire Transfer procedure. On this form, you will enter some personal details as well as banking details of the recipient for the transfer.
  4. In case you don’t have all the needed banking details for initiating the Bank Wire Transfer, contact support department of the betting site or check the FAQ section.
  5. Make sure to write down the reference number of the Bank Wire Transfer so that you can track its progress later or hand it over to the support department in case there’s a delay in the payment.
  6. Depending on the country where you’re depositing from, you can wait for up to 10 days before the deposit reaches the betting site.
  7. Once the deposit is processed and approved, place your bets and make the most of it!
Bonus Code
ZBBC01
+ Info
18+ New Customers, UK or Ireland only | Place 5 x £/€10 or more qualifying bets to receive £/€20 free bet | Repeat up to 5 times to receive maximum £/€100 in free bets | Qualifying bet is a cash stake of at least £10 placed on any sportsbook single markets | Min odds 1/2 (1.5) | Time limits apply | Free bet stakes not included in returns | Certain deposit methods excluded | Only one bet per event qualifies | Full T&C’s apply
New UK & Ireland customers only. Min Deposit: £10. First deposit matched up to £30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Credit Card, Debit Card & PayPal deposits only. Terms Apply
18+. Promo code "F50" required. Certain deposit methods excluded. Min £/€5 win or each-way bet excluding Tote or pools = match max £/€50 free bet. Min odds 1/2 (1.5). Bet must be made within 14 days. Free bet valid for 4 days. Free bet stake not returned. Single bets only. Free bet cannot be used on certain markets. T&Cs apply
18+ www.begambleaware.org Minimum deposit £10. You must wager your bonus money 3x to make it withdrawable at minimum odds of 1.40 (2/5) in Sportsbook, 25x for Casino. Bonus will expire after 30 days of opt-in. Further T&Cs Apply.

How to Withdraw from Betting Sites via Bank Transfer – Important Details You Need to Have

Since we’ve covered the process of depositing via Bank Wire Transfer, it only makes sense that we offer a detailed guide on how to perform a withdrawal using the same method. To better illustrate this process, we will use screenshots and actual information from William Hill since they’re one of the biggest betting sites in the UK. So, without further ado, here’s how to cash out your winnings via Bank Wire Transfer:

  1. Access your account by entering the username and password and clicking ‘Log In’ afterwards.
  2. Locate the ‘My Account’ button in the upper part of the screen and click it
  3. You will see a new page with several categories. From the Payments category, click on the ‘Withdraw button.
  4. In the next window, select the amount you wish to cash out and the preferred method. In this case, Bank Transfer. Press the “Select” button.
  5. On the next screen, you’ll have to enter all the details regarding your bank account as well as an entire set of information about your bank. It is very important that you ask your bank to provide these details as getting them right is vital for the entire Bank Wire Transfer. The details you will have to complete are different depending on if you have a UK bank account or not.
  • UK Account Holders
    • Bank name, the full name of your bank
    • Bank address, the address of your bank, including country and postal code
    • Account Holder's name, your full name exactly as it is written in the bank papers
    • Account Number, please provide the 8-digit bank account number
    • Sort code, please provide your 6-digit sort code
  • Non-UK Account Holders
    • Bank name, the entire name of your bank
    • Bank address, the accurate address of your bank along with postal code and country
    • Account Holder's name, your name exactly as it appears in the bank records
    • IBAN, please include the full International Bank account number – contact your bank in case you don’t know it
    • BIC/SWIFT, please include the full Bank Identifier Code or SWIFT code – contact your bank to get it

After you inserted all the details, click ‘Continue’ to move on to the next page.

  1. The next screen will bring you a summary of the withdrawal request. Make sure everything is all right, write down the Transaction ID in case you want to check the progress of your withdrawal, and then click ‘Continue’.
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

Bank Wire Transfer Deposit and Withdrawal Times, Fees or Limits

The fact that Bank Wire Transfers are different from any other payment methods is already notorious. So, nobody can expect the times, fees or limits to be anything similar to what he or she encountered so far. If you’re curious to learn exactly what are the parameters of Bank Wire Transfer transactions, we’ve prepared some data for you.

Bank Wire Transfer Deposit Times, Fees and Limits

Betting Site

Deposit Speed

Fee

Limits MIN/MAX

bet365

2-10 Banking Days

0

£200 / £ 150,000

William Hill

1-5 Banking Days

0

£25 / £100,000

Paddy Power

1-5 Banking Days

0

£5 / £100,000

Bank Wire Transfer Withdrawal Times, Fees and Limits

Betting Site

Withdrawal Speed

Fee

Limits MIN/MAX

bet365

2-10 Banking Days

0

£40 / £50,000

William Hill

5-10 Banking Days

0

£25 / £100,000

Paddy Power

1-5 Banking Days

0

£10 / £100,000

Bank Wire Transfer Alternatives at Betting Sites

We’ve already mentioned some alternatives along the way during inevitable comparisons with other payment methods, perhaps better suited for betting sites. However, if you want to increase the speed of the transactions and keep high limits at the same time, e-wallets are your best bet. E-wallets such as:

Bank Wire Transfer PROS and CONS

PROS

CONS

Extremely Safe

Very Long Processing Period

High Deposit Limits

Deposits Available only Offline

Traditional Withdrawal Method

Tons of Information is Needed when Submitting a Wire Transfer Withdrawal Request

Easy to Track

 High Fees

New online customers only, min £10/ €10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply. Full T&C Here.
Bonus Code
YSKA00
+ Info
New customers only. Available to residents of UK or Republic of Ireland. Open a new account using promo code YSKA00. If your qualifying bet is settled as a loser Paddy Power will refund you stake in CASH. Maximum refund is £/€10. Deposit a minimum of £/€10 using a Debit/Credit Card or PayPal. Deposits made with e-wallets including Skrill, Paysafe and Neteller will not count towards this promotion. Only Debit/Credit Cards and Paypal are eligible.
Up to £100 in Bet Credits for new customers at bet365. Min deposit £5 and 1x settled bet requirement to release Bet Credits. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.

Bank Wire Transfer FAQs

Do I Need to Provide My Betting Site Username when Depositing via Bank Wire Transfer?

Even though it isn’t a mandatory field with most of the betting sites, it is a good idea to mention the username when depositing with Bank Wire Transfer. It will save the betting site employees much time in identifying your account and uploading the funds. 

Can I Use Bank Wire Transfer Within and from the UK?

Of course! All UK-registered banks support both internal as well as international Bank Wire Transfer transactions. These include betting sites as well since it’s a standard bank account to bank account transfer after all. The process can be faster and a lot simpler to go through if you’re using Bank Wire Transfer with a UK account.

Are There any Territories that Can’t Use Bank Wire Transfer?

Yes! According to the international agreements as well as mutual treaties between banks, there are certain countries where Bank Wire Transfers can be limited or not permitted at all. These countries are:

  • Bosnia-Herzegovina
  • Ethiopia
  • Iran
  • Iraq
  • North Korea
  • Sri Lanka
  • Syria
  • Trinidad and Tobago
  • Tunisia
  • Vanuatu
  • Yemen