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Maximum Deposit and Withdrawals

A guide to maximum deposits and withdrawals with online betting sites

The maximum amount for Deposits and withdrawals with online bookies

Whether you’re a beginner or an experienced punter, all bettors are effectively at the mercy of the bookmakers who will have certain measures in place to ensure they protect not only their own interests, but also those of the bettor.

In general, there is no rule written in stone for betting companies in terms of maximum deposits or withdrawals.

In terms of maximum deposits – the highest amount a betting company states you can deposit into your betting account – some will have a ‘no limit’ deposit amount which is great news for punters betting significant amounts. Others, meanwhile, may have a smaller amount in place.

In the case of an ‘unlimited amount’ or ‘No max’, it’s important to note there is always a ceiling somewhere along the line – your bank will undoubtedly have restrictions in place for example.

When it comes to withdrawals - the amount of time it takes a bookie to transfer winnings from your betting purse to your bank account – there is also no set rule. Some will guarantee a quicker process than others, while there will be those bookies who won’t view withdrawal time frames as an essential part of their offering.

In the main though, it is considered very high on the list of criteria for new bettors and seasoned punters alike and why not? If you’ve won a significant of money, you’re entitled to receive it swiftly and with minimum fuss.

We’ve taken some time to research some of the established names in the industry to discover where they stand on maximum deposits and withdrawals, two important factors to consider for both the well-versed bettor on the lookout for a new bookie, or, a betting novice just starting out.

Examples of maximum deposits and withdrawals

Maximum Deposit & Withdrawals - Betfair

5 x £20 Free Bets

Known as innovators in bringing about an exchange platform which enables bettors to place bets against other bettors, Betfair has grown into the one of biggest names in the world of betting. A series of high-profile TV adverts has also helped boost its profile but it’s all encompassing coverage of various sports and multitude of live betting options, speak for itself.

Credit/debit card

A moderate amount of £20,000 is set as the maximum deposit when using a VISA debit card or Maestro, while the same figure also applies to a Mastercard. Both also transfer the amount instantly. However, the similarities end here as a 1.5% processing fee will come into action for making a deposit using a credit card, the first time we stumbled across a company making money off the back of a simple transaction which, unsurprisingly irks many a customer.

The same deposit limit applies to the max you can withdraw also, which comes with a wait of between 2 and 5 days.

  • Maximum deposit: £20,000 (CC), £20,000 (DC)
  • Length of transaction: Instant

Fees: 1.5% (CC), Free (DC)

  • Maximum withdrawal: No limit
  • Length of transaction: 3-5 working days

E-wallets

The two most popular e-wallets, Skrill and Neteller have £32,500 in place as their maximum deposit, which is of course, free of charge. The latter make it possible for your to withdraw the same amount but Skrill only allow for a maximum amount of £25,000 to be withdrawn. Both companies adhere to 24 hour processing times.

  • Maximum deposit: £32,500 (S), £32,500 (N)
  • Length of transaction: Instant
  • Maximum withdrawal: £25,000(S), £32,500 (N)
  • Length of transaction: Within 24 hours (both)
Claim £100
T&C apply, +18

Maximum Deposit & Withdrawals - Ladbrokes

Bet £5 get £20 in Free Bets

One of the oldest names in the world of betting and therefore among the more established and reputable, Ladbrokes caters mostly for the UK market. It’s no surprise then to see Football and horse racing as their primary focus but they’re by no stretch a one show pony and are known to offer wide range of other sports also.

Credit/Debit Cards

Credit/Debit Cards are the most commonly used payment methods and allow you to deposit up to £99,000 instantly.

However, the maximum you can withdraw differs based on the card used. For instance, VISA permits £55,000 to be withdrawn, while with a Mastercard, the max you can take out is £36,000. Any amount of over £30,000 will be subject to being authorized via the Customer support team.

The processing time of between 1-3 banking days to withdraw money stated is a bit quicker than the industry norm however Ladbrokes make it known that this can sometimes take a little longer for matters beyond their control.

  • Maximum deposit: £99,000
  • Length of transaction: Instant
  • Maximum withdrawal: £55,000 (V), £36,000 (MC)
  • Length of transaction: 1-3 banking days

Paypal

Paypal is widely used by many bettors to deposit and withdraw but the amounts are some way of those already mentioned. A maximum deposit of £10,000 is permitted and will top up your account instantly. The most you can withdraw is also £10,000 and can take up to 2 days to process.

  • Maximum deposit: £10,000
  • Length of transaction: Instant
  • Maximum withdrawal: £10,000
  • Length of transaction: Up to 2 days

Bank transfer

Depositing funds via a Bank Transfer can be slightly long winded but is still a highly valued method used by customers, mainly due to its high safety guarantee. £100,000 is the highest amount you can feed into your betting account but will take between 1-5 banking days to process. The same amount can also be withdrawn and will take a similar length of time to hit your bank account.

  • Maximum deposit: £100,000
  • Length of transaction: 1-5 days
  • Maximum withdrawal: £100,000
  • Length of transaction: 1-5 days

Maximum Deposit & Withdrawals - Betvictor

Bet £5 & Get £30

Formerly known as Victor Chandler, BetVictor is one of the more unique bookmakers around in the sense it has remained a family run business since its inception in 1946. In addition to its superb odds and wide range of different sports covered, such longevity means the company is extremely well thought of throughout the industry.

Credit/debit card

It’s widely known that BetVictor pledges a ‘No Limit’ on a maximum deposit when using a Credit or Debit card.

From reading their terms and conditions, they pledge ‘No amounts deposited with BetVictor into the Account will attract any interest’. In other words you’re pretty much free to deposit how ever much you fancy. As referred to previously though, whoever you bank with will have a limit on how much you can remove from your bank account in one online transaction so it’s worth checking with your bank first.

The same rule applies to withdrawing too - no amount will be regarded as too much or too little and in the worst case scenario will be with you in five days. As before though, the transaction could be too much for your bank to process into your account in one go.

  • Maximum deposit: No limit
  • Length of transaction: Instant
  • Maximum withdrawal No limit
  • Length of transaction: 3-5 working days

E-wallets

E-wallets such as Skrill and Neteller differ in what they offer for maximum deposits and withdrawals as is demonstrated in the table below. Using Skrill seems to be the way to go if you’re a bettor looking to deposit a large sum and wanting to remove your bank provider from the equation. They offer a ‘no limit’ on both the max deposit and withdrawal amount. And best of all they’ll get the money into your account instantly and only take a day processing a withdrawal.

  • Maximum deposit: No Limit (S), £50,000 (N)
  • Length of transaction: Instant
  • Maximum withdrawal: No Limit (S), £50,000 (N)
  • Length of transaction: 1 day (S), 1 day (N)