The Complete Overview of Bank Transfer Betting Sites

Adding funds to your online sports betting site using a bank transfer is one of the oldest methods and is still favoured by many gamblers, especially high rollers. Check our rankings of the best bank transfer betting sites where we’ll present you with the most valuable details!

Top Bank Transfer Sports Betting Sites

• 🥇 BetMGM ✪ Best Bank Transfer Betting Site
• 🥈 Hard Rock Bet ✪ Great US Bonus
• 🥉 BetRivers ✪ Top Bank Transfer Betting App
• 🥈 bet365 ✪ Quickest Bank Transfer Withdrawals
• 🥇 Borgata ✪ Secure Bank Transfer Transactions

When sports betting online, choosing a payment method that you are happy with is just as important as finding a sportsbook that you like. In our guide to bank transfer betting, we explore the good points as well as the bad points, and if we believe there is a more suitable way, we will tell you.

It’s not all just about the payment method, though; we also introduce our best bank transfer sportsbook that we recommend and why. In this guide, you’ll find all the information you need to decide if bank transferring funds suits your needs. Here are the best bank transfer online betting sites broken down by category:

Essential Information for Every Gambler

If you are in the hunt for a sportsbook to use, we’ve got your back! As avid sports fans, we love to bet, and over the years we have sampled hundreds, if not thousands, of betting sites and this experience means we are confident in helping you find the best betting sites that accept bank transfer.

We know what you want in a sportsbook because we want the same, and if you need more in-depth information on an operator, you can read all about them in our award-winning reviews. A full list of our reviews can be found at our US top betting sites homepage.

Fees and Processing Times

In this next section, we answer the question that is on almost all bettors’ lips when considering a payment method, and that question is “how much does it cost?” Any charges, no matter how small can soon add up, especially if you deposit and withdraw regularly and no-one wants to pay if they don’t have to.

We also investigate how long it takes to make a deposit and when you win, how long does it take before the funds are in your account and ready to spend. You can see the results of our research in the table below;

*Limits may apply from the payment processor themselves.

The first thing you’ll probably notice about the table above is that none of the best bank transfer betting sites that we feature charge for either making deposits or withdrawals. You will, however, have probably noticed the dreading asterisk next to the information. This is due to the likelihood of your bank charging for the service and all banks charge differently.

We cannot provide that information; you would need to check with your bank. Another variable is the timescales as you can choose which type of transfer you make. A standard bank transfer is typically 1-5 working days.

The Pros and Cons of Using Betting Sites that Accept Bank Transfers

Without doubt, one of the most attractive aspects of betting sites that accept bank transfer is the security with a bank transfer being one of the safest ways to deposit funds. We are used to bank’s employing state-of-the-art measures to keep our funds safe. Another great feature about a bank transfer is that you are totally in control and there is no intermediary involved.

Whilst using the best bank transfer betting sites it scored highly with security, one area it distinctly lacks in is speed with the time it takes to make a deposit lagging well behind other payment methods such as Mastercard betting sites or Visa betting sites. And in the unlikely event that things go wrong for whatever reason, payments performed by bank transfer are not as protected under consumer law as other means of payment.

The question of charges made by the bank could also act as a deterrent for some. You also must enter a lot of details for both deposits and withdrawals; we discuss this topic in the next section.

Depositing Funds with Bank Transfer Betting Sites

The process to deposit funds at betting sites is a two-stage process;

You firstly need to log-in to your sportsbook’s account and select deposit. All the information you need will be displayed; you will need to use this information on the internet banking site of your bank. Ensure you have enough funds in your account to cover the deposit, then create a new payment. Let’s take a closer look at the steps you need to complete;

ALthough the steps to make a deposit via bank transfer are self-explanatory, we’ll do our best to provide as many details as possible. Inexperienced players might come across some hurdles in the process, so it’s for the best to not miss the following information. Do check out the information we’ve included below and enjoy the betting opportunities at the best bank transfer betting sites!

Step One: Log-in at your online sports betting account.

The first step in depositing funds into a bank transfer sportsbook is to log-in to your sports betting account. If you don’t already have an account, you can find highly recommended sportsbooks listed on this page, all of which are licensed and regulated by the gambling regulation authorities. Go to the account section and select the deposit option and select bank transfer from the list of payment methods. It’s worth pointing out that this stage is only to obtain the details you need to perform the bank transfer, if you already know the details that the sportsbook uses, you may not need to complete this stage.

Step Two: Access your internet banking.

The quickest method of making a bank transfer is to use internet banking. Most of us use internet banking, and the process is simple, and the chances are you have performed this task in the past for setting up one-off payments. We would advise you to double-check you have enough funds in your account to cover the amount you wish to send as most banks will charge you if you go overdrawn or the transaction could be declined. You can also set up a sports betting sites direct bank transfe using telephone banking or by going into any branch of your bank and speaking to a cashier and filling in a form but for this example, we will concentrate on internet banking.

Step Three: Complete the required fields.

Within your internet banking, you need to select an option to create a new payment, this can be called different names and certainly look different at each bank’s website, but it should be easy to find. You now need to enter the details that you saw displayed in the deposit section at the sportsbook. This will include, Beneficiary Name, Beneficiary Bank Name, Beneficiary Bank Address, Beneficiary Account, Bank Routing Number and your online sportsbook account number. To ensure accuracy, we strongly advise that you copy and paste the details, rather than type them out to reduce the chances of a mistake. Once all fields are completed, enter the amount you wish to deposit, you may also ask which online sportsbook bank transfer method you want to use and submit the form. You are now likely to receive a text message with a unique code; this needs to be entered on the webpage to confirm the transfer.

Withdraw Your Winnings – Takes Time

While it may seem, there is a lot involved in depositing, it’s is just a case of following the process step-by-step, and it does get quicker, and like second nature the more you do it.

The process for withdrawing money is more straightforward, but as with all payment methods we review, we will talk you through the stages. The process shouldn’t take more than a few minutes and is as follows;

To request a withdrawal by bank transfer, click on the balance icon at the top of the page (could also be called my account or similar) and then select withdraw. The bank transfer option will be presented to you, and you now need to enter your bank details. You will need to enter the full name of your bank in the bank name field. Next is the bank address in which you need the complete address of your bank including postal code & country.

The account holder’s name details are next, and these need to be your name accurately as it is registered with your bank. You are then required to provide your 8-digit bank account number along with your routing number along with the amount to withdraw. Click on withdraw, and if all fields are completed correctly, you will then see a confirmation page.

Bonuses at Bank Transfer Soports Betting Sites

When you sign up to a site, you want to know that there are promotions and offers you can claim. Luckily for you, we have found Bank Transfer betting sites that do give you the chance to do this! Check out our chosen one below.

As you can see, it is a decent offer. Of course, there are many types of bonuses you can hope to receive, such as enhanced odds, and more. It all depends on the operator.

Security Features of Bank Transfer Sportsbooks

We all trust banks to look after our money, you are likely to get your wages paid into a bank account on a weekly or monthly basis. Few of us are worried about the safety and security of our money, after all, what is more secure than a bank? The banks have sophisticated measures to combat fraud, attempt to log-in from a different computer and the two-stage authentication will require you to confirm it is you via text.

End-to-end encryption used on the online platform ensures your data is safe from prying eyes. Every time you use bank transfer betting, you will be sent a full overview of the transaction which you need to confirm, making mistakes unlikely.

How does Bank Transfers Compare to Other Alternatives?

There are other ways to fund online betting sites using your bank account, with eWallets being one of the popular methods. These eWallets offer a similar serviceto a bank transfer by using a service called Skrill. A transfer can be performed using the same actions as a regular bank transfer but in a fraction of the time.

If you plan on depositing large amounts, bank transfer is likely to be your preferred choice. If you are likely to bet away from the major sportsbooks, more betting sites accept bank transfers than eWallets. However, both financial services do not share your card and financial information with third parties, except for the details needed to process the payment.

A great thing about online sports betting is the chance to get offers just for opening an account as well as the ability to bet from anywhere in your state – be that in your own home or when out and about.

Today, sportsbooks offer incentives to sign up a new account. As some betting sites exclude eWallets from taking advantage of these, Bank transfer gets this round. However, withdrawal times is where eWallets shoot ahead, instant deposits and withdrawal times that depending on the sportsbook, are the fastest we have review. Bank transfers feel distinctly 17th century compared to eWallets.

Betting Sites That Accept Bank Transfer: Conclusion

Any criticism of using bank transfer betting almost feels like criticising the US Postal Service because a letter takes longer than an email. It is what it is, and the people who use this method do so for a reason. For travellers, you can perform a bank transfer in any country, and your card details are not needed.

And while it is true that there are many steps the first time and a lot of information you need, your bank will store the transaction, and one button can repeat the transaction in the future.

If however we remove the nostalgic glasses and compare bank transfer gambling to other methods, it struggles to convince. The wait to see your funds in your account would rule most people out, not many of us are that organized, but we see the benefits for those who have a budget or wish to control their spending on gambling, this would be both applauded and encouraged.

Therefore we feel bank transfer betting is a niche market which is preferred by many , but for the majority, there are more suitable alternatives. PayPal would be our choice for using our bank account for sports betting due to the instant deposit facility. If you want to know more, you can read our review of PayPal betting.

Q&A / FAQ’s About Bank Transfer Betting

We love hearing your feedback and suggestions for our site, and if you have any questions regarding bank transfer betting, online gambling sites or any sports betting questions then you are welcome to drop us an email at info@bestbettingsites.com.

🏆 Which are the best bank transfer betting sites?

Almost every gambling site offers the bank transfer method to its players, but the best bank transfer betting sites stand out among the rest. The reason for that lies not only in available games, bonuses, and overall platform performance, but in their reputation as well.

✋ Why should I use betting sites that accept bank transfers?

Undoubtedly, this financial service has been around for decades, ad during that period, the transactions were improved immensely. The pros and cons of bank transfers will surely help you determine whether this payment method is for you, but our overall opinion is that it has the needed security to be among the top financial services!

💰 How can I withdraw my funds at bank transfer betting sites?

Similar to deposits, bank transfer has some withdrawal specifics as well. The bank transfer cash out procedure is easy to follow and with just a few things to remember, you'll initiate your transaction. Bear in mind that it will take some time for your money to apear in your bank account.

❓ How come the deposit I made by bank transfer is not showing in my sportsbook account?

This is the most common question we get asked regarding bank transfer gambling sites and is usually due to the customer missing their account number on the withdrawal form. Make sure you follow the needed steps for bank transfer deposits or double-check with the bank's customer service team.