The Fastest bank transfer betting sites for UK punters
Updated: 26th May 2022
Bank transfers are a quick and easy way to get money into your UK betting account. On this page, we are going to take a look at the fastest bank transfer betting sites.
Fastest bank transfer betting sites for UK Banks
|Bookmaker||Payment Method||Deposit Time||Withdrawal Time||Min Deposit||Min Withdraw|
|Bet365||Bank Transfer||2-10 Banking Days.||1-3 working days.||£100||£5|
|Luckster||Bank Transfer||Instant Banking||2-6 working days.||£10||£10|
|Betfair||Bank Transfer||Up to 2 working days.||2-3 working days.||£10||£10|
|Betfred||Bank Transfer||Up to 2 working days.||1-2 working days.||£85||£25|
Before we come to that, though, we figured we would answer a couple of the more burning questions that people have when it comes to using bank transfers for both deposits and withdrawals.
What is a bank transfer?
A bank transfer is a direct transfer of funds from one bank account to another bank account.
The UK has a fantastic bank transfer system. We are one of only a few countries that have the ability to initiate instant bank transfers.
This means that it has become a staple payment method for many online betting sites.
How long does a bank transfer take for betting deposits in the UK?
Bank transfer deposits should be instant. Although, there are cases where the transfer can take up to two hours.
How does a bank transfer deposit work at an online betting site in the UK?
Most online betting sites will use direct debit. This means that you are going to need to set up a direct debit with your bank account. Although, don't worry. This process is pretty fast and you should be able to make deposits pretty quickly.
Once you have the direct debit set up, you can deposit whenever you want to add cash into your account. Just click a couple of buttons and you are ready to go.
In the interests of security, a lot of bank transfer betting sites in the UK will now ask you to log in to your online bank account to verify your identity.
This is completely secure.
They won't be able to see anything to do with your bank account outside of confirming that you own it.
It is likely that you will only need to do this once.
Some UK betting sites won't offer a direct bank withdrawal method.
They will offer PayPal. If you get your bank account linked up to PayPal, then you can just withdraw to your bank account instantly.
All you need to do is wait for the betting site to send the cash to your PayPal account.
How long does a bank transfer take for withdrawals from betting sites in the UK?
This is going to be dependent on the site that you are using. It can take anywhere from 1-5 working days.
No site is going to process your payments instantly.
If you are looking for the fastest bank transfer betting sites for UK punters, then you will need to use one of the larger betting sites.
They tend to have more resources to process payments quickly. They can also automate some, but not all, of the process.
Types of bank wire transfer in the UK
There are three types of potential bank wire transfer options in the UK. Most online betting sites will stick to BACS, however. This is because this is the only payment system that can handle direct debits.
We also have Faster Pay and CHAPS. However, it is rare that these are used at online betting sites. BACS is the better system as it can quickly deal with deposits and payments.
To be honest, you don't really need to worry too much about what payment system your selected bookie is using. The process is exactly the same. You hand over your sort code and account number to receive your payments.
The Top 5 bank transfer betting sites
So, without further ado, let's jump into the best betting sites for bank transfers.
Whether you are looking to get money in or out of your account using bank transfer, all of these sites have you covered.
Top rated UK online betting site since 1967.
BetFred uses BACS for its bank transfers. This means costs are kept nice and low. The minimum deposit using BACS is £85, and the minimum withdrawal is just £25. Withdrawals are dead fast too. Most people should have the cash sitting in their bank account in as little as a day!
Of course, BetFred is a betting site that you have likely heard of. They are the fourth largest bookie in the country. They have shops on many high streets. Their online gambling experience ain't too shabby either.
They have a ton of betting markets open for those that want to gamble. This includes dozens of sports, political bets, and even the odd TV bet. You know, just in case you want to have a bet on who kicks the bucket during the Eastenders Christmas special.
Their odds are tremendous. If you are signing up for their sports betting, then you can even take advantage of a cool bonus. This will allow you to get your betting off to a brilliant start.
Add in the online casino, and you have an awesome site to gamble at. There is a reason why BetFred is one of the top bookies in the country.
SportNation Rewards punters with points for free bets and there's Live betting In-Play and Live Streaming for Sports betting. Casino and Live Casino plus Virtual gambling.
SportNation goes all-in when it comes to British betting. Obviously, you have your staples like football, tennis, rugby, and cricket. You know, awesome British sports played throughout the world.
You then have open markets for the still brilliant, but far less played Gaelic sports.
Now, we know that many of you probably aren't searching for a betting site that offers Gaelic events. It is still cool to have, though.
This is a site that loves to reward regular gamblers too. You can collect reward points that you can trade in for takeaways, charity donations, or more betting bonuses.
You can't withdraw directly to your bank account through SportNation, sadly.
However, you can withdraw to PayPal. From your PayPal account, you will be able to send the cash straight to your bank account. It takes mere minutes.
Withdrawals to your PayPal account should take 48-hours maximum. This is even if you request the payout during the weekend.
The minimum withdrawal is £25, which should cover almost every single punter on the sportsbook.
The minimum deposit is just £25 too, which means that you can get started with SportNation for not a whole lot of money.
A new online sports and casino site for 2022.
- Deposit using Instant Banking
- payout via Bank Wire Transfers take 2 – 6 days
Luckster will require you to use either ewallets PayPal or Skrill to withdraw to your bank account providing you have used these methods before. If not you will get your winnings via Wire Transfer.
It takes a couple of minutes to get your PayPal account set up.
Once you have done that, you can deposit directly from your PayPal account. This includes depositing from your bank account.
Withdrawals with Luckster are going to take just a couple of days, maximum. Most will be processed within the day.
Obviously, the main focus of Luckster is going to be on British events.
However, they have thousands of betting markets open all over the world.
This means that there is always going to be something for you to have a punt on. This applies to horse racing and dog racing.
One thing that you are going to especially love about Luckster is just how many games they have available for live betting. They tend to have a ton of bets available too, which means you can get really creative with your gambling.
A high street bookmaker name that's been around since 1934 delivers a heavy weight performance online.
Just like Betfred, William Hill is a name that you are going to be familiar with. This is a company that has been kicking around for a lot longer than some of us have been on this planet.
Withdrawals will be sent to your PayPal account. Once again, it will take a couple of days to get there. William Hill does have to stick to the laws of the UK, after all (they have to check transactions for money laundering)
Since William Hill has a presence in just about every gambling nation, there will be no shortage of events to bet on.
If you can name a sporting event with a pro league, then William Hill will likely have open markets. They were actually one of the first betting sites in the world to offer esports betting!
UK bookmaker since 2003 with excellent live betting.
10bet.co.uk is one of the slowest of the sites here (takes about 3-days, minimum) and it is also to PayPal.
However, the cool thing about 10bet.co.uk is that the minimum withdrawal is just £10. It is exceedingly low. So, if you are one of the punters that stick to the lower stakes, then 10bet.co.uk may be worth considering.
Alternatively, you can get a Skrill account and link your bank account to that. It takes just 48-hours to withdraw via this method. Although, Skrill is a bit more difficult to use than PayPal. They have much tougher rules.
Nearly every betting site in the UK is going to offer some sort of way to transfer cash to and from your bank account.
The five bank transfer betting sites that we listed here are by far the best in the country, though.
They are fast, carry few feets, and the betting options are awesome to boot.
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