On the lookout for the best bank transfer betting sites? What a coincidence – you just so happen to be at the beginning of a rather extensive bank transfer betting review.
As you read on, you’ll uncover a wealth of information surrounding online betting bank transfers and will soon come to understand what makes them so popular. We show you how to make your first deposit, discuss fees and transfer times, before offering our honest thoughts on using bank transfer betting sites.
We at GamblingGuy are confident the majority of our readers have, at some point in their lives, had to make a bank transfer. If so, these next few steps are going to be incredibly easy. If not, you’ll be pleased to hear that depositing into a bank transfer betting site is about as easy as they come. Plus, there are a number of distinct advantages that come with using this payment option as well as one or two downfalls!
In order to make use of bank transfer services, you’ll need a bank account. We’re assuming that most, if not all, of you do have one. If not, you can open a bank account using your ID, social security number, and by making a minimum deposit. We also recommend that you download the respective banking app to your personal device so that you can enact bank transfers without being hindered.
Your second step to a successful bank transfer deposit is to head to the cashier or account section of your online sportsbook. To make your deposit, click deposit, and select bank transfer. By selecting bank transfer, a new window will appear with your chosen operator’s bank details. Copy these, as you will need them shortly.
Make the jump across to your internet banking page. The details you copied in the previous step will come in mighty handy here. Please make sure all details are double-checked, then enter your deposit value, and select submit. (If you were given a unique ID reference, now would be a great time to input that also.)
After selecting ‘submit’, you will be asked to confirm the details on your sportsbook. Now, you will be required to wait until the funds fall into your account. Generally, funds will be added to your account within 2-4 hours. However, many US betting sites are now taking advantage of Faster Payments, which can see your funds enter your account almost instantly.
As noted in the previous section of our bank transfer betting sites review, deposits will generally be completed within 2-4 hours. However, depending on the sports betting operator you choose, you may have to wait anywhere up to 24 hours or, on occasion, less than 5 minutes! We detail the importance of checking the terms and conditions surrounding your online payments later in our bank transfer review, but you can already see why it is important to read the fine print regarding your transactions!
Unfortunately, withdrawals tend to take a little longer. Most operators will aim to authorize withdrawals within 24 hours, but it could take bettors anywhere up to 7 days to finally receive their payments. Unlike many other popular payment providers, bank transfer withdrawals come as a standard when joining a bank transfer betting site. So, although you may have to wait a little longer to receive your withdrawal, there is no need to waste time forwarding further proof of identification to make use of a second payment method, like so many of the competition.
Before a bank transfer deposit can be made, bettors must have a legitimate bank account set up in their name, with the ability to process bank transfers online.
To set up your bank account, banks will request you apply online or enter the bank in person and discuss your options with a trained member of staff. Once your bank has been selected, your chosen bank will require some important personal and financial information, before accepting your request and opening your account.
Information needed in order to verify your bank account includes a birth certificate, military ID, passport, SSN, and driving license, as well as two household bills dated within the last three months. If you have held a bank account with another bank previously, they will also request details of this.
Once your bank account has been verified, opened, and topped up with funds, you will be able to make your first bank transfer.
The humble bank transfer is a staple across most online casinos in the US, offering a simple, safe, and secure way for sports fans to fund their sports betting accounts. However, the sleek and user-friendly process we see today could not be farther from the original process, established over 150 years ago.
Back then, if you were looking to make a bank transfer, you would need to pay the telegram operative directly, before they forwarded your funds to the intended recipient – a messy process at the best of times!
After turning electronic some years later, global payments began to gain traction. Now, users could forward funds across the globe with ease, provided the bank transfer vetting process was successful. Unfortunately, the process itself was still considerably slower than other online options. So, in 2008, bank transfers introduced Faster Payments – a way for normal bank transfers to be vetted by the sender’s bank and recipient’s bank within 2-4 hours.
Today, people freely and promptly send money from their laptops, phones, and other smart devices, allowing those who use bank transfer sports betting sites or apps the chance to fuel their accounts with ease. Although many developments and improvements have been taking place, it is evident that bank transfer is still lacking that instant speed associated with leading e-wallets. However, improvements are constantly being made to the popular payment method and we can’t wait to see some of the radical changes that might occur over the next 150 years!
Before you sign up to your preferred bank transfer betting site, it is worth reviewing how bank transfer betting deposits compare to some of the top payment method providers across the US.
|Average deposit time||2+ business days||Almost instantly||Up to 5 business days|
|Average withdrawal time||7-10 business days||2-5 business days||Processed within 24 hours|
Skrill betting sites are proving more and more popular as the days go by, offering players a convenient way to pay and play. Skrill hosts some of the best levels of security across the payment provider market and ensures customers are supported should they run into trouble at any point of the day. Unfortunately, despite Skrill’s surging popularity, the lack of bonuses and promotions redeemable using this method lets them down. With this in mind, those players searching for a method to help contribute towards their VIP perks or welcome bonus will be better suited to bank transfer betting sites. We have included a top-notch sportsbook which you can take a look at if Skrill is a payment method that you prefer.
When using VIP Preferred players are gifted with a 7-day rolling limit, allowing them to access extra cash hassle-free should their first batch of wagers fall short of the mark. While this is a great approach, and one you can utilize with the operator below, for serious bettors and those with a higher betting allowance, this type of method will not suit betting newbies or any bettor who struggles to stay on top of their account. The Bank transfer is clean and exact, meaning any deposits will hit your account smoothly with the specified amount you deposited. No gimmicks, no add-ons, and no rolling limits. However, what it will allow is the ability to withdraw your funds seamlessly, the chance to unlock welcome bonuses, and contribute towards your betting site’s rewards scheme.
On initial viewing, there is little difference to note when comparing Discover Card betting sites and Bank Transfer betting sites. Both offer bettors a safe and secure way to deposit and withdraw from their accounts, nearly all bonuses and promotions are redeemable using both methods, and both present easily traceable accounts of their transactions – making tax returns a doddle. However, a couple of things help to set bank transfers apart. Firstly, bank transfer betting sites will almost always allow bettors to withdraw using this method too. Something Discover Card betting sites cannot boast. Secondly, although 99% of applicants will be accepted by Discover Card, that still leaves 1% of the population unable to use this deposit method at all. You can make use of either of these options – while claiming a riveting offer – using the platform below!
We’ve nearly made it to the end of our online bank transfer betting sites review, but before we offer our honest verdict on the best betting sites for bank transfers, it’s time to offer you a few key pointers to help highlight whether an online bank transfer betting site is 100% the right choice for you.
As we have noted earlier in our online bank transfer betting sites review, the ability to unlock welcome bonuses, ongoing promotions, and contribute towards your chosen bank transfer betting site loyalty program comes as standard when using the popular deposit method. However, with this in mind, bettors can often become a little slack when it comes to reviewing the terms and conditions. All bonuses and promotions will host individual terms required to unlock and redeem your perks. While this will generally include a bank transfer, there is no guarantee, and bettors may also be required to use an additional promotional code, wager across specific betting markets, and deposit a minimum amount. Our advice? Don’t rush to make a deposit, until you are happy with the small print.
Things have moved on significantly over the last 150 years, but bank transfers are still deemed one of the slowest methods to both deposit and withdraw online. If you are a busy bettor, hoping to deposit, wager, cash-out, and withdraw in a flash, this method may not be for you. That being said, online betting sites that accept bank transfer deposits are slowly picking up the pace, with some betting site deposits actioned within minutes and withdrawals taking anywhere between a few hours and several days.
Funding your account via bank transfer can make sticking to an online deposit limit more difficult, especially if your chosen betting site does not itemize the outstanding available deposit amount. The usual process of depositing into your bank transfer betting site is detailed far greater above. However, to reiterate, your bank transfer will involve verification from the bank to confirm the funds are in your account, followed by verification from your bank transfer betting site, which will then allocate your funds. If your funds exceed your deposit limit, betting sites will either declined your transaction or, on occasion, bettors will surpass their deposit limit. In turn, this can cause bettors to miss out on time-sensitive promotions or overshoot their safe wagering limits, so please keep your eyes peeled!
Congratulations, you have reached the end of our online bank transfer betting sites review. In doing so, you should now be in a far greater position to understand whether a bank transfer betting site is suited to your own sports betting needs and how best to use one.
We appreciate a lot of information has been shared with you over the course of this review. So, before we leave you to search through our individual and extensive bank transfer betting site reviews, we wanted to quickly recap on a few key pointers surrounding bank transfer deposits and withdrawals.
Firstly, bank transfers have been around for over 150 years and while there may be many new, cutting-edge, superfast, payment providers out there, there is also a lot to be said about operators that stand the test of time.
Bank transfer deposits and withdrawals are also exceptionally secure and traceable. Not only can you follow the moment your money leaves your account, but you will be notified when it enters your bank transfer sportsbook too. If you have any concerns regarding your transaction you will also be able to find support around the clock.
Overall, it is very difficult to critique a classic method like a bank transfer. Withdrawals may be a tad slow in comparison, but you can unlock every bonus under the sea! If you’re still unsure, please head on over to the payment method section of the site. Here, we offer reviews similar to this one covering all sorts of payment methods!
Initially, bettors must decide whether they are looking for betting sites that accept PayNearMe, Visa, bank transfer, or another payment provider before making their first deposit and unlocking the welcome bonus. If you are still on the fence as to which payment method to use, why not head on over to our latest review on bank transfer betting sites? Here, you’ll find an honest look into bank transfer betting, what fees you can expect, and a little history behind the payment method too!
As we mentioned in our VIP Preferred betting site review, new bettors must always review the terms and conditions corresponding to their chosen deposit method before adding funds to their account. Why? Well, by doing this, bettors will be aware of what to expect when depositing or withdrawing from their accounts, they will understand what fees and charges are to be expected, and better judge whether this is the right payment method for them. Interested to find out more about bank transfer betting? Be sure to check out our latest review on bank transfer betting sites today.
Often, bonuses and promotions will come with set rules that must be followed or surpassed in order to unlock the benefits. Bearing this in mind, we always suggest reviewing the small print before trying to take advantage of a bank transfer betting bonus.
We at GamblingGuy always take our readers’ online safety into account when creating our online reviews and comparisons. The best online gambling sites must hold legitimate licensing and the highest level of security to feature atop our prestigious online bookmaker comparisons list. Failure to provide state-specific licensing would be a huge warning sign to our experts, and we would advise our readers to avoid at all costs.
Although there is no singular bank transfer betting platform that offers the best odds for every market, there are bank transfer betting sites that provide sports betting boosts, bonuses, and promotions, that can considerably and regularly boost odds – these are the ones to look out for!
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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