Bank transfer as online betting payment

You can't get more old school than this payment method

Betting Sites that accept Bank Transfer

Rank Bonus
1

5 x £20 Free Bets

Turnover: No requirements

Lowest odds: 1/2 (1.50)

Claim £100

T&C: 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.

2

£30 Free Bet

Turnover: 1x bonus amount

Lowest odds: 3/4 (1.75)

Claim £30 T&C apply, +18
3

Up to £50 in bonuses

Turnover: No requirements

Lowest odds: 4/5 (1.80)

Claim £50

T&C: New UK Customers Only. Deposit £20 minimum. Wager £100 minimum to get a £5 free bet. Repeat up to 10 times within 7 days. T&C Apply, 18+.

4

Bet £5 get £20 in Free Bets

Turnover: No requirements

Lowest odds: 1/2 (1.50)

Claim £20

T&C: 18+ New UK+IRE customers. 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.

5

£20 free bet

Turnover: No requirements

Lowest odds: 1/2 (1.50)

Claim £20

T&C: Important info: 18+. UK+IRE only. Min first bet £5. Must be placed within 14 days of account reg. £20 credited as 4 x £5 free bets.  Not valid with CashOut. Free bet valid for 4 days. T&Cs Apply.

6

Bet £10 & Get £60

Turnover: No requirements

Lowest odds: 1/1 (2.00)

Claim £60

T&C: *New Customers only. Deposit and place a £10 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 5x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days, plus a £10 Casino Bonus, expires in 7 days. Wager the Casino Bonus 40x to withdraw winnings. Credit or Debit card deposits only. Geographical Restrictions and T&Cs Apply, See Below. Please Gamble Responsibly

7

2x£10 Free Bets

Turnover: No requirements

Lowest odds: 1/1 (2.00)

Claim £20 T&C apply, +18
8

£25 Free Bet insurance + £50 Casino bonus

Turnover: No requirements

Lowest odds: 1/1 (2.00)

Claim £25

T&C: A "Qualifying Bet" is a losing first settled real money single bet of at least £/€10.00 or more at odds of Evens (2.0) or greater (or a multiple where each selection is at odds of 2/5 (1.4) or more) on a sports betting event of your choice. Free bets will be credited to your account within 24 hours of your Qualifying Bet settling and expire if not used within 14 days. Free bets must be wagered in full on a selection with odds (or a multiple with combined odds) no greater than 4/1 (5.0). Any returns from a free bet will be paid back into your account minus the free bet stake. This offer is only open to new Genting online customers.

9

£10 Free bet

Turnover: No requirements

Lowest odds: 1/1 (2.00)

Claim £10 T&C apply, +18
10

50% up to £50

Turnover: 18x bonus amount

Lowest odds: 4/5 (1.80)

Claim £50 T&C apply, +18
11

100% up to £100 in bet credits

Turnover: No requirements

Lowest odds: 1/5 (1.20)

Claim £100

T&C: New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.

12

100% up to £50

Turnover: 21x bonus amount

Lowest odds: 3/5 (1.60)

Claim £50

T&C: Place a series of bets at minimum odds of 3/5 (1.60) with a minimum stake equal to the combined value of 7x your deposit amount and bonus funds received and once such bets have settled, any bonus funds and winnings remaining will become withdrawal.

13

50% up to £100

Turnover: 18x bonus amount

Lowest odds: 3/5 (1.60)

Claim £100

T&C: New Customers | Min. deposit £15 (no Skrill/Neteller) | Bonus amount is 50% of deposit | 1x deposit turnover (min. odds 3/5) for bonus receipt | 5x deposit and bonus turnover in 30 days for bonus release | Some bet types don’t contribute to turnover | Withdrawal before turnover results in bonus cancellation | Monthly Free Bet equals to average monthly bet stake (min. 10 real money bets), up to £10 | Terms apply | 18+

14

£20 Free Bet

Turnover: No requirements

Lowest odds: 1/1 (2.0)

Claim £20

T&C: 18+, first deposit only, T&Cs apply. Free sports bet: Minimum deposit and stake £20 (min odds 2.0). Credited after all qualifying bets settled.

15

Bet £10 & Get £30 in Free Bets

Turnover: No requirements

Lowest odds: 1/2 (1.50)

Claim £30

T&C: New William Hill online customers only. Min. unit stake of £10/€10 at odds of 1/2 or greater. Only the “win” part from EW bets will count. Free bet terms, payment method & country restrictions apply. Free bets credited as 3 x £10/€10. Free bet stakes are not returned as part of the settlement of successful free bets. All Free Bets must be wagered within 30 days.

Using bank transfer for online betting payments and withdrawals

Bank transfers, also known as bank wires, are simply a way of sending your money from your bank to a betting company.

In theory, this is the simplest way of doing business as there is no middle-man transferring the payment for you. Instead it is your bank that will send the money directly from the account you hold with them to the betting company.

Advantages with bank transfers for online betting

  • It's simple: All you need is a bank account with money it it.
  • Availability: Because it is considered a trustworthy payment method (assuming the bank is reputable) most bookmakers will be happy to accept it as a payment method.
  • Safe: It's just between your bank and the betting site. No other party is involved, which means the payment is not convoluted by other services.
  • There is a high threshold for your Maximum deposit: Bank transfer will usually allow you the largest maximum deposit.
Bankroll Management

You can even deposit your money to transfer in cash

Disadvantages with bank transfers for online betting

  • Processing Time: This is the the big disadvantage and will put most people off using a bank transfer. Because the main job of your bank is to hold your money and they usually leave the payments to the payment providers, this is an extra service which is not prioritized. You can expect to wait up to 10 days in some cases for your money to go through.
  • Fees: This can really vary depending on your bank. The fees are not charges by your bookie but by your bank. The fees can really vary but if they are charged, they will usually be higher than the other payment methods.
  • The minimum payments are usually high: Bank transfers usually require a relatively high minimum deposit. For example Bet365 requires a £25 minimum deposit. Which is high compared to Visa/Mastercard transactions which only require £5.

Bookies that do not charge a fee for a bank transfer

Checking that you can make a bank transfer to an online betting site

You will need to do this in two steps:

  • Check that the betting site allows bank transfers - this will almost always be the case.
  • Check that your bank will allow this sort of transfer.

Most reputable bookies and most reputable banks should allow this form of payment.

Bank Transfers to Online Bookies - FAQ

What is the difference between a bank transfer and a bank wire?

Just the wording, they mean the same thing.

What information will I need to provide to make a bank transfer to an online bookie?

  • The name of your bank
  • Your account name
  • Your account number
  • Your Swift or IBAN number
  • A reference

Is a bank transfer safe?

It is one of the safest methods around. Your bank will only pay the bookie if the money is there. No-one is in credit and there is no middle-man.