Bank transfer, or wire transfer, is the only way UK gamblers can deposit big amounts of cash to their online betting accounts. In 2020 you can action a bank wire yourself easily from home with the reassurance that the money you're moving is protected by the Financial Conduct Authority (FCA) in the UK. If online betting by wire transfer sounds good to you, read on to discover where to use this trusted deposit method online in Britain.
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Who to avoid on the web
The majority of online betting sites and bookies in Britain are reliable and licensed. Funds are segregated, payouts are fast, and personal details are protected. But some online sports betting websites should be avoided like the plague: they aren't properly regulated and players' information is susceptible to hackers. Here are three scam sites to steer clear of in 2020:
Aimed at US players who can't bet legally at home, BetOnline relies on an insecure licence from Central America and should be avoided.
Although it's one of Asia's biggest online football betting rooms, Betrally has a poor history of honouring real money bonuses. It does, however, have a UK Gambling Commission licence.
Carbon Sports is another US-facing betting room that takes bets from American gamblers. With an Antigua extension, it should be approached with caution.
Here's what sports bettors online in the United Kingdom stand to gain, using instant bank transfer betting:
It's important for UK bettors to have the reassurance that the betting site they're wagering with is
safe, secure and trustworthy. With our recommended sites that's exactly what you get. We check each
bookmaker we come across to make sure they're abiding by industry standard operating practices and
offering UK bettors the best odds.
Here’s what we focus on when we review a bookmaker accepting wire transfer for online betting in 2020:
We make sure they're easy to redeem and open to UK bettors using wire transfer to make their deposits.
Our odds expert takes the lead on this one, making sure that the advertised odds offer Brits a good return on their investment.
We test out the different ways of contacting customer service to make sure the response is timely and helpful.
We check to see which bookies process deposits made by bank transfer for betting the fastest, and look at cash out times too.
Somewhere in the world there's always a sports tournament going on, so we make sure our bookies are offering odds on the action.
We Only Ever Recommend Gambling Commission Verified Bookies
While making sure your money makes its way into your betting account is important, just as crucial is knowing you can get your winnings out easily too. With bank transfer in Britain, this isn't an issue. Making a wire transfer for online betting is one of the few payment types equally accepted for withdrawals and deposits at online bookies in Britain. It's a fail safe method to use for collecting your winnings.
Full disclosure now, the withdrawal times aren't immediate with this one. In fact, the reality is you'll probably have to wait up to 5 working days to see the balance back in your bank account. But, all financial transactions made using wire transfer are regulated by the FCA (Financial Conduct Authority). You at least have the peace of mind knowing that the method for collecting them is one of the safest available in 2020.
Another important thing to consider when deciding on a banking method to use to finance your online gambling is mobile compatibility. Fortunately, with wire transfer, you'll be able to use your smartphone or tablet to add funds to your betting account whenever the need arises. The payments aren't instantaneous with this method. It's advisable for you to make a deposit when funds are starting to run low, rather than wait until your account is depleted entirely.
But with today's mobile betting apps,available as standard on all iPhone and Android devices, UK bettors will encounter no problems using their mobile device to take part in sports betting with a bank account.
If you like the sound of using wire bank transfer to fund your online betting, then there's no time like the present to start using this method.
Obviously, you need to have a UK bank account to qualify. You also need to remember that any money you deposit will come out of your account in real time, so you have to have the funds available there and then. However, with heightened security and the means to transfer larger sums than any other online banking method, wire transfer offers a great option for bettors with more money to invest in gambling online.
So take a look at the top list of online bookies accepting wire transfer that our team have pulled together. With any one of these betting sites you're getting the best of what the internet has to offer United Kingdom bettors in 2020.
Bonus offers are one of the best things about choosing an online bookmaker over a land based one in Britain. They'll reward you with free money and/or free bets to use at their sites when you sign up. Sometimes this is a deposit free offer, but usually you'll need to add a little cash yourself to gamble with. There's normally a minimum deposit you need to make in case of the latter, but with wire transfer allowing you to deposit an infinite amount of cash, this won't cause any problems.
Fees associated with bank transfer basically boil down to where the money is being sent, and from where. If you're a UK bank account holder and the online bookmaker you're wiring money to also banks in the UK then there'll be no fees for the transaction. However, if the online bookie banks offshore, this changes the payment type from a local bank transfer to a wire, which will incur fees. That's owing to the fact that you're transferring money abroad instead of within the UK. It's also worth bearing in mind that if you're converting your British £ into another currency, you may also lose out on the conversion rate too. So the ideal scenario is to find an online bookmaker with a UK based bank account.
Both require funds sitting in your bank account, and will remove the money in real time. But, when it comes to debit card deposits vs. wire transfer, is there a clear favourite for British real cash bettors?
When it comes to betting by wire transfer, here's everything you need to know in a nutshell.
Hell yes! This method has been around since the 60s, and is also one of the most secure, too, not least because transactions are regulated by the FCA in Britain.
It varies hugely with wire transfer at UK bookies. Some will take as little as £5 deposits, while others will want upwards of £100. One thing worth bearing in mind is that deposit limits are far greater with wire transfer than with other methods. It also takes at least a couple of days for your money to show up in your betting account. Depositing larger amounts less frequently can be a better idea with this method.
Not all, but the majority will do. It's a very simple banking method in Britain to use. And for those betting sites that do accept withdrawal by wire transfer it's a fee-free way of getting your cash out.
Absolutely. Today's online banking apps make it easy for British bettors to use bank transfers to deposit real money from their smartphone or tablet.
Pretty much. Though the amounts you can deposit as a minimum vary greatly, from a few £ to hundreds. Before you commit to a betting site, it's worth taking a look at how much money you'll be expected to pay in using bank transfer.