Best Bank Transfer Betting Sites UK

Top 5 Best Bank Transfer Betting Sites in the UK (November2025)

Based on our comprehensive analysis of banking options, bonus fairness, payout speed, and real UK player feedback, here are the Top 5 bank transfer betting sites for UK players in 2025.

This is not an exhaustive list, and other bank transfer betting sites are also on our list of recommended bookies. 

All the ones on our list are safe, reliable, and trustworthy betting sites with bank transfer, if that’s the method you want to use. Good examples of bank transfer bookmakers that didn’t make the Top 5 in the table below but are still advisable to pay at include William Hill, Live Score Bet, and BetVictor. 

But let’s talk about the five that did make the cut.

Here’s a little bit more information about the five bookmakers that accept bank transfers that did make the list and how they excel in a particular niche.

Best Overall for Bank Transfers - Betfair  

Betfair tops many other lists for being the best bookmaker at doing X, Y, and Z, so it shouldn’t be surprising that it’s also the King of the Bank Transfer. 

Whereas the £20 minimum deposit for a standard bank transfer is more than it is at competitors, our advice is to swap the standard bank transfer for the Instant one, which allows you to deposit just £5 at a time. 

Betfair also allows you to deposit whatever maximum amount you wish. Again, when using the Instant option, deposits will come through ‘instantly’ after the very first one you make; the first one may take up to 90 minutes, but no longer than that. 

Once you’ve made that first deposit with an Instant Transfer, you can also withdraw instantly, which is a big bonus. And as regards the minimum amounts you can withdraw, they’re extremely low, which is obviously a good thing for the customer: just £0.01 with Instant Bank Transfers and £10 with standard ones. So you can see why they tick all the boxes.

Best Overall for High Rollers - Bet365 

No more than you’d expect from the Sportsbook that is often described as the best in the world, bar none, 

Both the maximum amount you can deposit and the maximum amount you can withdraw are £100,00, which, let’s be honest, is a lot more than the regular punter would wish to put in, or be able to withdraw from their bank transfer betting site. 

But if you’re a high roller dealing in those sorts of amounts of money, you’ve come to the right place at Bet365. 

Best For Instant Bank Transfers - Paddy Power 

If you’re more concerned about the speed at which your deposit reaches your betting account or the speed at which your withdrawal reaches your bank account, Paddy Power might be the betting site with instant bank transfer suited to you. 

You’ll need to be patient the first time you use Pay By Bank to deposit, as it may take 1 to 5 days for the deposit to go through. 

But once you’ve done it, the hard work is done. After that, both deposits and withdrawals should be instant, allowing you to play straight away when depositing or access your funds right away when withdrawing. 

Best Welcome Bonus - Betfred 

At Betfred, which of course is also a bookmaker that accepts bank transfers, you can claim a superb welcome offer of £50 in free bets when you deposit and place just £10 worth of bets. 

As long as your £10 qualifying bet is at odds of 2.0 or greater, you’ll receive 3x £10 in sports free bets, plus 2x £10 in Acca free bets within 10 hours of your first bet being settled.

As always, read the terms and conditions carefully because some important ones could prevent you from claiming the offer, such as the requirement that your first deposit be made via debit card only. 

But once you’ve done everything correctly, you can look forward to an excellent welcome offer. As an added bonus, you can withdraw your deposit at any time without it being tied up with wagering requirements.  

Bank Transfer Types: Instant vs Traditional Methods

The table below compares the traditional bank transfer, the Instant Bank Transfer and using Third-Party providers like Trustly. We’ve compared the three in terms of speed of use, convenience, and other factors. 

So it’s obvious from the above that instant bank transfer betting, or open banking if you prefer, is very convenient and much quicker than regular bank transfers. But what exactly is open banking? 

Open banking is a secure system that allows third-party providers, like payment apps or fintechs, to access financial data from banks (with your consent) via APIs. It enables direct account-to-account payments, faster transfers, and personalised financial services while maintaining strong encryption and regulatory oversight under the UK’s PSD2 framework, which is why it’s so secure. 

As for Trustly, it’s one of the payment apps mentioned in the definition above that allows users to make payments directly from their bank accounts by securely connecting to their online banking during checkout. 

When depositing, after selecting Trustly, a user logs into their bank account, authenticates the payment, and the funds are transferred to the merchant, in this case the betting site, in real-time. This process bypasses the need for a credit card or e-wallet and keeps the user's banking details private from the merchant, adding an extra level of security.

How to Deposit and Withdraw Using Bank Transfer

We’ve already talked a lot about bank transfer betting sites and betting sites with instant bank transfers, but what exactly do you need to do when it comes to making deposits and withdrawals with them? Let's find out. 

Deposits with traditional bank transfer

• Go to the bookmaker’s Banking section and then click on Deposit.
• Select Bank Transfer from the available methods, which will also include debit cards and e-wallets. 
• The site provides its bank details (IBAN, sort code, reference number). Make a note of them.  
• Log in to your online banking app.
• Send the payment manually using the provided details by copying and pasting them from the bookmaker’s site.  
• Funds usually take 1–3 business days to appear in your betting account. You’ll probably get a notification when the funds arrive. 

Deposits with Instant Bank transfer (Open Banking or Trustly)

• Again, navigate to the Banking/Deposit section of the site. 
• Choose Instant Bank Transfer or a service like Trustly. Other similar services include TrueLayer, or Volt, and they all do a similar job. 
• Select your bank from the list.
• Log in securely to your bank via the bookmaker’s interface. This could be via a login code, thumbnail ID, face recognition, or other methods. 
• Approve the transaction using your banking app or two-factor authentication.
• Funds are transferred immediately or within minutes — no manual entry needed.

And now to the withdrawal process. 

Withdrawals with a traditional bank transfer

• Go to the bookmaker’s Withdrawal page.
• Select Bank Transfer, which is sometimes also called “Wire Transfer”.
• Enter your sort code, account number, and name. Some bank transfer bookmakers store these from your first deposit, meaning you don’t need to enter those details afterward. 
• Confirm the amount you want to withdraw, remembering that there may be minimum and maximum limits in place.  
• The funds are sent via the banking network - BACS or SEPA - and should take between 1-3 business days to be processed. Remember that requests for large withdrawals, of say £10,000 or more, may take longer due to additional verification checks. Also remember that you must pass your Know Your Customer (KYC) Test before you can make any sort of withdrawal, regardless of the payment method being used.  

Withdrawals with Instant Bank transfer (Open Banking or Trustly)

• Go to the Withdrawal section and choose Instant Bank Transfer.
• Select your bank from the list of connected options.
  Log in securely via your bank’s app or web portal (Open Banking connection).
• Approve the withdrawal instantly using 2FA or your banking app.
• The funds will land in your account within seconds or minutes, 24/7, including weekends, as there is no need for further approval. 

So, as you can see, when playing at the best transfer betting sites, you’re much better off using Instant transfers/Trustly than traditional bank transfers. 

The former have the same bank-level encryption as the latter and regulated Banking APIs, so they are safe while being more convenient and faster than the traditional transfer. 

All this explains why most UK-based punters opt for instant bank transfers these days, where available. However, you do have to remember that the amounts you can instantly withdraw may be lower than you can with traditional bank transfers.

Bank Transfer Processing Times and Limits

Now, let’s consider how instant banking, Trustly, BACS, and CHAPS compare to each other in terms of deposit and withdrawal times, as well as the minimum and maximum amounts you can transfer in and out, using the various methods. 

Remember that betting sites that accept bank transfers all work slightly differently and have their own rules, but the data in the table is based on the average. 

If you’re wondering what the most important factors are that affect how long bank transfers take to process and the limits on deposits and withdrawals, you’re about to find out. 

Processing times 

Payment method

Different networks, such as BACS, CHAPS, and Instant Banking, have different settlement times, which have nothing to do with the betting site as such. So, it’s those networks that often determine average processing times, not the bookmaker.   

The bank 

Not only do bigger banks like HSBC or Lloyds tend to process payments faster than smaller ones, but the banks' schedules, including working hours on weekends and evenings, also affect how long transfers take. 

Betting Site 

The best transfer betting sites tend to be the ones that approve payments the quickest, with Bet365 and Betfair good examples of that. 

Reasons for doing so include that they may approve payments several times a day (while others may only do so once a day) and that these bookmakers also want to maintain their reputation as faster payment betting sites. 

Remember that a payment can only go through once the bookie has decided to release the customer’s betting funds to the relevant bank, so how long it takes them to approve the payment makes a big difference.  

Verification Status

All bank transfer bookmakers require you to pass a KYC Test by providing proof of identity, address, and payment method before processing a withdrawal. Failure to do so completely or partially will result in your inability to withdraw your funds. Whether you have or haven't completely passed your KYC Test therefore also affects how long it may take to process a withdrawal; so the advice is to do so as soon as you open your account.  

Limits 

Site policy 

Though all bank transfer betting sites must comply with the terms of their gambling license, they’re pretty free to decide on their own minimum and maximum transfer limits. 

Whereas one may decide that it’s almost not worth it to approve deposits of just £5 and impose a minimum of £10, another bank transfer bookmaker may see things differently and be fine with deposits of just £5.

In theory, it’s very much in a bookie’s interest to allow deposits of whatever amount customers want, but again, some may have maximum limits in place that they have their own reasons for imposing. 

All of this also applies to minimum and maximum withdrawals. Again, betting sites with bank transfer will have their own reasons for setting their own limits, with the fact they generally have to foot any transfer fees involved, being just one of those reasons.  

VIP Status 

The whole point of being a VIP Customer - which generally means you’re a high-roller whether that means big wins or big losses - is that you get special treatment compared to your run-of-the-mill customer. 

So the betting site with instant bank transfer may fast-track approval of a VIP Customer’s withdrawal request ahead of other customers. Or make a bigger effort to approve it as quickly as possible. Or even allow the VIP to withdraw larger amounts than what would normally be allowed. This would especially be the case if the VIP has lost a lot more than they’ve won over the years.  

This is all helped by the fact that VIP customers are given their own Account Manager so they can communicate with them directly rather than going through the usual channels.

Bank Transfer Fees at UK Betting Sites

So how much is it going to cost you to get your money in and out at a betting site that accepts bank transfers? The answer is: it depends. 

With normal bank transfers and instant bank transfers, when you hold a UK bank account, the bookmaker’s account is also a UK one, and you’re transferring and betting in British Pounds, this should mean no fees are involved.

However, the banks may charge for specific kinds of bank transfers even if the bookie doesn’t. 

This may be the case if your bank is in a different country than that of the bookie (the UK) or if you’re using other currencies. The latter may result in a poor conversion rate for you or a fee in place just because you’re using different currencies. 

An international wire transfer may cost you between £10 and £30 in fees, whereas using CHAPS, normally reserved for substantial transfers only, will generally incur a fee of £20- £25. 

Given that many e-wallets always involve fees, you can see why the bank transfer is preferable for many.

Are Bank Transfers Safe and Legal for Online Betting?

The simple answer is: yes. 

A good starting point is to explain that all the UK-based betting sites we endorse here at Horseracing.net hold the UK Gambling Commission license, which is already a guarantee that the site is safe and legal for online betting. 

More specifically, using bank transfers at any of these betting sites is completely legal, which is not to say that all payment methods are, because the likes of credit cards and cryptocurrencies certainly aren’t allowed. 

Here are some further details regarding the safety and legality of using bank transfer betting sites. 

FCA regulation for open banking

Open Banking providers in the UK must be authorised or registered by the FCA, ensuring secure data sharing, customer consent, and compliance with PSD2 standards. So any instant bank transfer betting sites will need to meet these standards. 

SSL Encryption 

Betting sites use SSL encryption to secure data transfers, protecting personal and financial information from hackers or other fraudsters by encrypting all communication between users and the website. You’ll see the relevant certificate at the bottom of their homepage. 

Bank Level Security 

In addition to the bank-level encryption used, bank transfer bookmakers have other security measures in place, such as stringent KYC tests. 

These KYC tests ensure that the person gambling isn’t a minor, for example, or that the customer is who they say they are, rather than someone else impersonating them. Their security features also protect the betting site’s money, so it can pay out its customers.   

This means bank transfers at betting sites are not only 100% legal but also one of the safest payment methods because card details are never shared with the bookmaker, diminishing the possibility of anyone accessing the customer’s financial details. 

Why Use Bank Transfer for Betting in the Age of E-Wallets?

There are three very good reasons for that. 

Highest Limits 

Whereas most Sportsbooks allow customers to deposit as much as they like at a time, the same isn’t true of withdrawals; there are often maximum amounts in place. But they’re likely to be much higher for bank transfers than for e-wallets, so high-rollers will prefer them.   

Bonus Eligibility

When betting sites say you can't use a particular payment method if you want to claim a welcome offer or deposit bonus, that ‘forbidden’ method tends to be the likes of Skrill or Neteller, not bank transfers.   

You already have a bank account 

E-wallets are popular these days, and lots of people use at least one. But just about everyone has an online bank account already. So rather than purchasing an e-wallet just to gamble with, you can use a payment method already in your possession and already funded. 

Our Expert’s Opinion: Which Type of Bank Transfer is Right for You?

Instant bank transfers work exactly the same way as regular bank transfers in terms of the process, the security features, and everything else; they’re just processed much quicker, which can only be a good thing. So as long as the bookie is a betting site with instant bank transfer, there’s no reason not to take the faster route. 

The exception to that is if you’re a high roller who prefers much larger, less frequent transfers. If that’s the case, you’ll enjoy the much larger maximum deposits and particularly the far bigger withdrawals on offer with regular bank transfers. Of course, this also assumes that you’re not in a big hurry to get your money out or that you still have money in your account to play with before making your next deposit.   

If you’re looking for the best bank transfer betting sites to open an account at, check out our table towards the top of the article, which includes all the key details and what each one excels at.