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Best Betting Sites UK / Betting Sites Bank Transfer
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UK Betting Sites that Accept Bank Transfers in 2024

All Sports Betting Sites with Bank Transfer

Last Updated on 12/03/2024
Fact checked by: James Leeland

If you’re an avid punter, or an eager newcomer, there’s always one pressing issue – which payment solution is most convenient for me to top up my funds? There are so many different options available these days that it might seem overwhelming choosing the best option for you. That’s where we come in; assessing what works and what doesn’t. Bank transfer methods have become the norm in daily banking and the majority of wagering sites accept bank transfers for deposits and withdrawals.

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Top Bookmakers
BetMGM UK
4.6/5
The Pools
4.6/5
Bet UK
4.5/5
bzeebet
4.5/5
Bank Transfer
BetMGM UK
1.
Favicon
4.6/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Applepay
Bet £10 Get £40 in Free Bets
BetMGM UK Review Visit Site
T&Cs apply, 18+
New cust only. 7 days to place a qualifying bet to receive 4x Free Bets: 1 x £10 Horse racing, 1 x £10 Free Bet Builder, 1 x £10 Acca and 1 x £10 Football. 7 day expiry. Exclusions apply. Stake not returned. T&Cs apply.
LiveScore Bet
2.
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4.5/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Trustly
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LiveScore Bet Review Visit Site
T&Cs apply, 18+
Bet UK
3.
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4.5/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Applepay
Bet £10 Get £30
Bet UK Review Visit Site
T&Cs Apply
BetUK significant terms - New customers only. Deposit & Place a Bet within 7 days, and settle a £10 minimum bet at odds of 4/5 (1.8) or greater, to be credited with 3x £10 Free Bets: 2 x £10 Horse Racing and 1 x £10 Free Bet Builder. 7 day expiry. Stake not returned. T&Cs Apply.'
bzeebet
4.
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4.5/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
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PayPal
Skrill
Paysafecard
Astropay
+3
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T&Cs apply, 18+
Sportingbet
5.
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4.5/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Revolut
Neteller
Skrill
+14
Claim Freebets & more
Sportingbet Review Visit Site
Please gamble responsibly. Visit www.GambleAware.org. 18+
Betfred
6.
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4.5/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Revolut
Neteller
Skrill
+6
Cheltenham offer: Bet £10 Get £50 in Bonuses
Betfred Review Visit Site
T&Cs apply, 18+
New customers only. 09:00 on 08/03/24 – 17:30 on 15/03/24. Register with CHELT50. First bet £10+ at Evens (2.0)+ on Sports which settles before 23:59 on 15/03/24. Free Bets: £20 Horse Racing, £20 Football Acca & 50 x £0.20 (£10) Free Spins on Fishin’ Frenzy within 10 hours. 7-day expiry. Eligibility & payment exclusions apply Full T&Cs Apply.
10bet
7.
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4.5/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Neteller
Skrill
Paysafecard
+6
50% up to
£50
10bet Review Visit Site
T&Cs apply, 18+
New bettors get 50% 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 excluded; See full terms; Terms apply; 18+
LeoVegas
8.
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4.5/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
PayPal
Applepay
Google Pay
100% Profit Boost up to £100
LeoVegas Review Visit Site
Full T&Cs apply, 18+
T&Cs apply. New reg only. Claim by placing a min deposit £10 via "My Offers" page within 30 days. Skrill/Neteller deposits excl. 7 days to stake max £10 in-play. Max. extra winnings £100. 18+ BeGambleAware.org.
Ladbrokes
9.
Favicon
4.4/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Revolut
Neteller
Skrill
+3
Bet £5 Get £20
Ladbrokes Review Visit Site
T&Cs apply, 18+
New UK+IRE customers only. Promo code: 20FREE. Paypal and certain deposit types and bet types excluded. Min £/€5 bet within 14 days of account reg at min odds 1/2 = 4 x £/€5 free bets. Free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply
Bwin
10.
Favicon
4.4/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Revolut
Neteller
Skrill
+18
£20 Back-Up Bet as Free Bet
Bwin Review Visit Site
T&Cs apply, 18+
Min deposit £10, Max stake £10, Min Odds 1/1 (2.0); Max free bet £10; New players only
DAZN BET
11.
Favicon
4.4/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Neteller
Skrill
Paysafecard
Trustly
Bet £5 and Get £5 + 10 Free Spins
DAZN BET Review Visit Site
T&Cs apply, 18+
New customers only. Min £10 deposit and bet on odds 1/2 or greater required. Free bet and free spins issued within 24 hours of qualifying bet being settled. Free bet valid for 6 months, stake not returned. Free spins valid for 7 days, selected games only. UK only excl Northern Ireland. 18+ T&Cs apply.
Hey Spin
12.
Favicon
4.4/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Skrill
Paysafecard
Astropay
+2
£10 Free Bet
Hey Spin Review Visit Site
T&Cs apply, 18+
Unibet
13.
Favicon
4.4/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Revolut
Neteller
Skrill
+21
£40 Welcome Bonus
Unibet Review Visit Site
T&Cs apply, 18+
New customers only. Age 18+. Located in the United Kingdom. First losing bet returned as a bonus bet at the same value. Begambleaware. T&Cs apply
mr.play
14.
Favicon
4.3/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Revolut
Neteller
Skrill
+7
Bet £10 Get £10
mr.play Review Visit Site
T&Cs apply, 18+
18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit,: £10, max £10 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. System bets no eligible.
Spreadex
15.
Favicon
4.3/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Revolut
Direct Debit
Bet £10 get £40
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T&Cs apply, 18+
Lottoland
16.
Favicon
4.3/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Neteller
Skrill
Paysafecard
+2
Lottoland Review Visit Site
T&Cs apply, 18+
Bet365
17.
Favicon
4.3/5
-
Find out more on Bet365.
Bet £10 & Get £30
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T&Cs apply, 18+
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NetBet
18.
Favicon
4.3/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Neteller
Skrill
Paysafecard
Instant Transfer
+14
Massive Promotions on-site!
NetBet Review Visit Site
T&Cs apply, 18+
Betvictor
19.
Favicon
4.3/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Applepay
Bet £10 Get £40 in Free Bets
Betvictor Review Visit Site
T&Cs apply, 18+
18+ New customers only. Opt in, bet £10  on any football market at minimum 1/1 odds. No cash out. Get £40 in Free Bets on selected events. Free Bets expire in 7 days. Debit card / Apple Pay payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly
Betiton
20.
Favicon
4.3/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Neteller
Skrill
Paysafecard
+3
Bet £10 Get £10
Betiton Review Visit Site
T&Cs apply, 18+
18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit,: £10, max £10 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. System bets not eligible. Neteller,Skrill and Paypal not eligible. T&Cs apply
William Hill
21.
Favicon
4.2/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Revolut
Neteller
Skrill
+16
Bet £10 and get £30 in Free Bets
William Hill Review Visit Site
T&Cs apply, 18+
18+. Play Safe. From 00:01 on 13.04.2022. £30 bonus. New customers only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook. Further terms apply.
BoyleSports
22.
Favicon
4.2/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Neteller
Skrill
Paysafecard
+3
up to £25 Free Bet Bundle
BoyleSports Review Visit Site
T&Cs apply, 18+
18+. UK Customers (Excluding NI) only. Cash stakes only. Min £10 stake required for initial £5 free bet. Min odds ½. Max £25 in free bets. Subsequent free bets equal 50% average of each 3 £5 max qualifying bets. 13 settled bets required to receive full £25 free bet. Qualifying bets must be placed on sportsbook within 30 days of opening account. Cashed out bets will not qualify towards your average stake. One free bet offer per customer, household or IP address only. Free bet expires after 7 days. Payment method restrictions apply. T&Cs apply
Casumo
23.
Favicon
4.2/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Skrill
Paysafecard
Applepay
Google Pay
+11
The latest odds, a bet builder & in-play betting
Casumo Review Visit Site
T&Cs apply, 18+
Smarkets
24.
Favicon
4.2/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Neteller
Skrill
0% commission for 60 days
Smarkets Review Visit Site
T&Cs apply, 18+
Use code COMMFREE to trade with 0% for 60 days. Min. £10 first deposit only using Debit Card or Instant Banking. 18+. BeGambleAware.org. Full T&Cs apply.
Parimatch
25.
Favicon
4.2/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Neteller
Skrill
Webmoney
Pay4Fun
+11
Bet £10 Get £50
Parimatch Review Visit Site
T&Cs apply, 18+
18+ New Customers Only. Opt in and bet £10 on football (odds 2.00+) within 7 days. No cash-out. Get 4x£10 Free Bets for set markets and a £10 Slot Bonus for Big Bass Splash, 30x wagering, to withdraw max £250. Rewards expire in 10 days. Offer valid from 10:00 UK time on 08/01/2024. Card payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly
Hollywoodbets
26.
Favicon
4.2/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Peach Payments
SiD
PayU
Ozow
+7
Up To £10 Back As A Free Bet
Hollywoodbets Review Visit Site
T&Cs apply, 18+
T&Cs apply. New players who place a £10 bet at odds of 4/5 (1.8) or bigger will receive £20 in Free Bets. Qualifying deposit (Visa/Mastercard only) of £10 required. £20 in Free Bets will be credited as 4 x £5 Free Bets. The qualifying bet must settle within seven days.
talkSPORT Bet
27.
Favicon
4.2/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Get Up To £40 in Football Free Bets (Mobile Only)
talkSPORT Bet Review Visit Site
T&Cs apply, 18+
18+ New customers only. Opt in & bet via mobile up to £40 (min. £20) on any football market at odds of 2.00+, in 7 days. Get up to £40 in free bets on selected markets. Bonuses expire in 7 days. Card payments & Apple Pay only. T&C’s apply. begambleaware.org | Please gamble responsibly.
Vbet
28.
Favicon
4.1/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Neteller
Skrill
Payz
+14
Guaranteed free bet up to £20
Vbet Review Visit Site
T&Cs apply, 18+
Only available to new, verified customers residing in the UK. Place a first-ever Sportsbook bet – multi-bets of at least 3 legs; min. £2 stake; min. odds 3/10 (1.3) per leg (bets placed on horse racing and greyhounds excluded). Win and get back 50% of your stake – on top of your winnings – as a free sports bet up to £10. Get back 100% of your stake as a free sports bet up to £20 if you lose. Customers must place their first qualifying bet within 30 days of registration, after which the welcome offer will expire. Full T&Cs apply.
dafabet
29.
Favicon
4.0/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Neteller
Skrill
Pay4Fun
Payz
+13
50% up to
80€
dafabet Review Visit Site
T&Cs apply, 18+
Karamba
30.
Favicon
4.0/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Neteller
Skrill
Paysafecard
+10
Bet £20 Get £10
Karamba Review Visit Site
T&Cs apply, 18+
Yeti Casino
31.
Favicon
4.0/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
Neteller
Skrill
Paysafecard
Instant Transfer
+2
Check out promotions on the site
Yeti Casino Review Visit Site
T&Cs apply, 18+
Fafabet
32.
Favicon
4.0/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
50% up to
£50
Fafabet Review Visit Site
T&Cs apply, 18+
Luckster
33.
Favicon
4.0/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Skrill
Paysafecard
Trustly
+2
100% up to
£10
Luckster Review Visit Site
T&Cs apply, 18+
Luckland
34.
Favicon
3.7/5
Bank Transfer
Bank Transfer
Bank Transfer accepted
Additional Payment Methods
PayPal
Skrill
Paysafecard
MuchBetter
+2
Luckland Review Visit Site
T&Cs apply, 18+
Sport Bonus of the Month

With the introduction and ever-improving mobile banking apps, it’s never been easier making a bank transfer from one account to another, or from one bank to another bank. There’s no need for idling standing in a queue at a branch anymore to make a bank transfer. However, as with any payment solution, there are a few downfalls to using direct bank transfer methods as your go-to option for bookies that accept bank transfers.

We would definitely argue that the pros by far outweigh the cons. That being said, bank transfers aren't for everyone, and we just want to help you to make a clear and informed decision. Below, you’ll find more information on each bank transfer option which will hopefully guide you in making the right choice for you! You can then confidently access your Online Bookmaker by using Bank Transfer as a method to make withdrawals and deposits.

Advantages of using bank transfers for online sports betting

Here are just a few of the main reasons why you might want to think about using a bank transfer method for sports betting:

  • Ultra safe way to deposit and withdraw
  • Most bookmaker sites accept bank transfers
  • High limits for deposits and withdrawals
  • Can be used to claim betting bonuses
  • Convenient as you probably already have a bank account

Make your first bank transfer deposit here and get a welcome bonus

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Making a Payment via Bank Transfer

You’ll need to have a valid account if you want to proceed with this option, which is what makes it one of the handier payment methods, as pretty much all of us have at least one personal bank account. However, if you do not, then you can simply go to your nearest bank of choice and open a basic account. You’ll need ID and proof of your address, and it might take a little bit of time, but not too long overall. Once this has been done, it would be advisable to download your mobile banking app. You can then make transactions wherever you are, instead of having to visit a physical bank every time. Here's what you need to do next:

Log on to your chosen betting operator

Access the ‘deposit’ or ‘deposit funds’ section

Choose the ‘bank transfer’ option

In most cases, you can enter your bank details and the amount.

You’ll receive a text or authentication message which you’ll need to accept

Otherwise, you can log onto your mobile banking app and add your betting operator as a ‘beneficiary’. In most cases, you won’t need to verify your personal details on the betting site when depositing.

When it’s time to withdraw your winnings into cash earnings (back into your bank account), you’ll need to verify your age and other personal details on your chosen operator if you haven’t done so yet.

Average Time of a Bank Transfer for Deposits and Payouts

Bank transfers have been around for a considerable time. With the technological progress and improvements in user experiences of banking apps, it’s extremely easy to make deposits on online sports betting sites and the majority accept bank transfers without questions. Logging on and depositing funds from your bank to your betting account is very quick. However, you’ll then need to wait for those funds to be credited on your wagering account. This can be instant. You’re more likely to wait 1-3 days though. Punters wanting to top up their accounts for live betting or bets based in a sudden gut feeling, might miss out due to the lengthy time period.

Withdrawing money from your operator back to your bank account is somewhat trickier.

For those who opt to make a bank transfer, bookies tend to be subject a lengthy delay that increases the wait for your winnings.

The prolonged waiting period makes this option much less attractive. The reality is you might end up waiting up to 10 days before you see any of your winnings enter your bank account. However, the upside of this is that it is far safer and more secure than using some of the quicker alternatives that are available. If you have the patience for it, it can be worth your while. After all, it's better to have to wait a while for your funds, than to not receive them at all.

Bank Transfer Verification Requirements 

As mentioned above, it’s quite simple to apply for and open a bank account. If you don’t have one, you’ll need to choose a bank to open an account with. Here is the process to follow:

Find a bank

Read up on the web what different banks charge on monthly fees for similar accounts. Things to look out for are withdrawal fees, transfer fees, and swiping fees.

Set up your bank account

Once you’ve decided on a bank, visit the nearest physical branch. You’ll need to provide them with an identification document, proof of address (a telephone account, electricity and water bill, or something similar that clearly shows your name and address together). If you’re opting for a more expansive account, you might need to provide the bank with salary slips. This process shouldn’t take long.

Make your betting site deposits

You’ll then have an active bank account which will allow you to make transfers on each betting site and receive money. You can then link your account with your online sports betting account and transfer money at quickly and easily.

The History of Bank Transfers

The history of using bank transfer methods for payments dates back to the 1800s. In 1872 wire transfers were launched by Western Union. Requests for transfer of funds by one individual or entity to another would occur through the transmission of information by operators. The process of transmitting the requested transaction and subsequent funds would take an eternity, in today’s terms, as post was the only method of communication.

This process would be in action until the 1960s. Out with the old, and in with a revolutionary electronic system. A decade and a half later and the application of the telephone led to more expedient transactions.

However, it was only in the early 2000s with the use of the internet when the inner workings of bank transfers as we know them today, would materialize. The internet and constant connection we have to it in most parts of the world, allow us to transfer funds via our bank account whenever we please.

Bank transfer options have always been widely accepted by betting operators and using a bank transfer method to make deposits has become relatively commonplace today. Bookmakers with bank transfer haven’t necessarily reduced in size – it’s that e-wallets and alternative payment options have come to the fore such as Neteller and Skrill, greatly minimizing the general adoption of transfers as the most popular option. If you’re more inclined toward an e-wallet take a look at the Neteller guide.

Sign up to these bank transfer bookmakers

Downsides of using bank transfers at betting sites

Although it would seem that there are superior alternatives to using bank transfers for deposits, a few advantages are still present. This form of payment is still considered to be very secure. You have two entities involved in the process (bank and operator); both of whom have very strict and secure protocols in place that ensure the safety of your money. Just be sure to register with the recognized, well-renowned Best Betting Sites with Bank Transfer in UK. You can certainly sleep easy at night knowing your funds and well-earned winnings are safe and secure. The second reason to use this option is that the fees associated with deposits and withdrawals are very low. As a matter-of-fact, there are no fees for deposits and a very small fee when withdrawing. E-wallets will charge a higher fee in both cases. There are further guides which will help you make an educated choice. If you’d like to look at an ecoPayz overview, visit the ecoPayz deposit method guide. Alternatively, you can visit the Skrill guide.

The only real downside to using a bank transfer is the long waiting time. You’ll find yourself waiting at least a few days when depositing funds. If you’re eager to withdraw your winning and turn it into tangible cash, you’re certainly going to be waiting a while. Another reason not to adopt this method is that there are higher minimum deposit amounts. You won’t be able to deposit small denominations. On the up-side, you’ll find that the maximum threshold is much higher. If you’re a high-roller, this might be the option for you.

Here are the most common payment methods at most UK betting sites:

  • Visa - The oldest and still one of the most widely used credit/debit card suppliers in the world.
  • MasterCard - Much the same as visa, a ubiquitous worldwide bank card provider.
  • Skrill - A digital wallet service that works with over 40 currencies.
  • Neteller - An e-transfer service that at first was used by traders and investors, but now has become a popular option for online gambling.
  • Paysafecard - A prepaid card that offers fast and private deposits and withdrawals.
  • PayPal - The oldest, best-known and most widely available e-wallet that there is.

Cybersecurity has really come to the fore in the last 5-10 years. People are concerned about the ability of third-parties to hack and steal funds from institutions, corporations, and even e-wallets such as PayPal or Bitcoin. If you’d like to read up more about these deposit options you can go to the PayPal deposit method guide or the Bitcoin deposit method guide. However, you can be sure that banks have to comply with very strict security measures if they’re offering online banking as a service. Banking institutions have been required and are certainly eager to implement state of the art protocols that will keep your money safe when using bank transfers for payments. All the Best Betting Sites with Bank Transfer in UK have also run operator tests which must adhere to licensing laws.

Here are some of the reasons why some people choose NOT to use bank transfer for their online sports wagering ventures:

  • Slow deposit speeds when compared to most other payment methods.
  • Can feel unsafe to type in bank details at betting site, which is why some people opt for an e-wallet instead.
  • Long processing times for withdrawals result in it taking longer to get your funds should you be lucky enough to win.
  • Higher minimum withdrawal limits mean that a bank transfer is not an ideal option for the casual bettor.

Limits on Deposits with Online Bookmakers with Bank Transfer 

Firstly, it’s important to verify what your smallest deposit amount is. This might vary depending on which Online Bookmaker with Bank Transfer you usually use. Although the amount might vary accordingly among different online wagering sites, the general consensus is that the minimum deposit for a transfer is relatively higher than when you use other deposit methods. The reason is that there are certain fees for banks and therefore very low amounts aren’t viable.

One of the most enticing reasons to use Sports Betting Sites with Bank Transfer or an Online Bookmaker with Bank Transfer is that you’ll find there are high limits for deposits. If you are an experienced punter or familiar with online betting sites and don’t want the hassle of having to engage in multiple deposits to fund your account, then making a bank transfer directly is a great option. All the Best Betting Sites with Bank Transfer in UK have substantially higher limits for each transfer.

Online Bookmaker Bank Transfer Type Accepted Minimum Deposit Maximum Deposit Maximum Withdrawal
Bet365 Faster Payments £5 £100,000 No Limit
Kwiff Faster Payments £10 £50,000 No Limit
Betiton Faster Payments £10 £5,000 £100,000
Bwin Bank Transfer £10 £10 No maximum limit
Ladbrokes Faster Payments £10 £10 £99,999
Leovegas Bank Transfer £10 £10 No maximum limit
21.co.uk Faster Payments £10 £10 £5,000
21LuckyBet Faster Payments, BACS £10 £10 £5,000
BetUK Faster Payments £10 £10 £5,000

Different Bank Transfers 

Within the broad term of ‘bank transfers’ in the UK, you’ll find different types. Some of these are relevant when engaging in online gambling while others will seem irrelevant. However, it is important to know which is which so as to exercise the best possible caution when you deposit and withdraw your funds. You certainly wouldn’t want to choose a type of bank transfer which will incur more fees than otherwise necessary. Below, you’ll find short descriptions on the varying types.

The first one is called a Clearing House Automated Payment System (CHAPS): I have listed it first as you will most likely not encounter this type when dealing with bookies. There is a considerable fee attached to this transfer type so steer clear, if possible.

The second, and most common among online betting sites who typically accept bank transfer, is called the Bankers’ Automated Clearing Services (BACS):

This title simply refers to the common bank transfer which you will use on a daily basis. You use this type of transfer when you pay a beneficiary via your mobile app or at a branch in person. All that is required for you to complete this transfer is the account details, including a bank account number and sort code as well as the full name for your account.

The third type is a bank wire transfer: Now, if you want to transfer funds outside of the UK, you will need to use a bank wire to complete your transaction. Interestingly, there are many bookies who are necessarily registered in the UK, although they are licensed to operate within the UK. You might find yourself having to make use of a bank wire in cases such as this. You will need certain account details of the beneficiary, such as their bank account number and sort code in addition to the full name on their account. If you are opting for this bank wire transfer method, make sure you have the correct details and account number to ensure a swift and successful process.

The last type of transfer is called a Fast Bank Transfer: This is something that will allow one to speed up the time needed for funds to transfer from one account to another. There is a section below allocated to this as it is an exciting installment for users who prefer to use bank transfer options as their chosen method.

Bank Transfer Methods Minimum Deposit Maximum Deposit Minimum Withdrawal Maximum Withdrawal Processing Time
BACS £5 £10 £10 No Limit 3-5 Business Days
CHAPS £100 £100 £100 No Limit 1 Business Day
Faster Payments £5 £100,000 £10 £100,000 2-24 hours
IBAN £5 £10 £10 No Limit 3-5 Business Days
SEPA £5 £10 £10 No Limit 1-3 Business Days

Fast Bank Transfer

Due to the fact that normal transfers take quite a while to process, a new and improved service has been established to counteract this. Fast bank transfers enable you to deposit money directly from your account into certain Best Betting Sites with Bank Transfer in UK.

Bookies such as Bet365, William Hill, and Betvictor accept this service. Before you consider using this to lower your waiting time, make sure the bookie you tend to use does accept fast bank transfer options. If this is the case, making use of it is very straightforward. Locate the details of your Online Bookie with Bank Transfer. This includes the number of the account and sort code. All you need to do then is log on to your online banking and make a payment to the bookie.

Remember to enter the correct details. If not, you might find that the transaction will not be successful. In the worst case, you might find you’ve deposited money into someone else’s account. If you’re positive all the details are correct, finalize the payment. You will receive a one-time pin as is the case with all transactions through your mobile banking app. Follow through and you should hopefully find that your betting account has been topped up within a couple of hours.

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Conclusion

If you’re an individual who feels that your bank is the most reliable way of transferring and securing your funds, then bank transfers might be for you. As the saying goes, “Don’t fix something that isn’t broken.” Personally, I’d be really happy to adopt this method. This is particularly true due to the ease of accessing your online banking account via your mobile device. No need to go through the process of signing up with an e-wallet and then linking that to your bank account and so on. However, if you’re a punter who likes to ride the wave on betting sites, bank transfers may not be right for you. Using bank transfers as a deposit method will limit the spontaneous punter and certainly prolong your wait. Secure, and proven to work, yet maybe in the fast-paced world of today, an e-wallet would serve you better. If you are looking to understand more about general deposit methods for online sports betting sites, bank transfer and deposit options and more you can click on the deposit methods guide.

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Best Betting Sites with Bank Transfer in UK FAQ 

⏰ How long does a deposit take?

The actual action of depositing money from your bank account to your betting account is very quick, especially if you have a mobile app. The process of those funds appearing in your betting account might take a little longer. Anything from a couple of hours to 3 days.

🔐 Are deposits via bank transfer a secure option?

It is safe to say, this is one of the most secure ways that you can deposit your allocated funds from one account to the next. There are very secure measures in place that will protect your money. The best bookmakers will always ensure safe and secure platforms. Visit Betting.co.uk to find out more about which bookies are most secure.

❓Do all operators accept deposits via bank transfer?

You will find all the best betting sites with bank transfer in the UK do still accept this payment method. If you are unsure, double-check on the betting site. Also, make sure that the site accepts the ‘network’ your bank is associated with (for example, Mastercard or Visa).

👉 Do I need to verify myself every time I attempt to transfer funds?

Yes, all banks will have a two-step verification process for your own safety. You’ll need to log into your mobile app and provide a one-time pin when requested. This process is very quick and will keep your money safer. This process is similar to when you use a bank card to buy things online. For a comprehensive overview of using your credit card as a method, visit the credit card guide. Keep in mind that the use credit cards on betting sites will be banned from April 2024.

💰 Does my bank charge fees on deposits?

No, you will find that there are no fees attached when you deposit money from your bank account into your online bookie. However, there might be one or two bookmakers who do charge a fee. To make sure of this, visit Betting.co.uk and check out our guide about making deposits via bank transfer.

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