The Best Bank Transfer Betting Sites

How We Rate Betting Sites that Accept Bank Transfers

What makes a good bank transfer betting site? We use the following factors to answer this question;

Odds

Different sportsbooks offer different odds for the same events. Overall though, the better the odds, the better the online betting site. This is because good odds have good potential winnings. And betting is all about the payout.

Promotions and bonuses

Promotions and bonuses are other factors that lead to better winnings. For these, we look at several things;

• Intro promos; New bettors usually need something to make their entry into the world of online betting a bit smoother. As a result, most sportsbooks offer promotions and bonuses, like free bet stakes or a casino bonus. Generally, the better the intro promos, the more attractive it is for beginners.
• Regular promos: Regular bettors also need something to excite them every once in a while. This typically comes in the form of promotions and bonuses. A good sportsbook will hold such regularly. An even better sportsbook will have generous promos.

Bets and bet types

Sports betting is a huge world. And most bettors want to have as many wagering options as possible. This is why all the best sportsbooks offer many different types of bets. You’ll find moneylines, spreads, totals, parlays, and futures. You can also bet on any sport you want, from baseball, basketball, and hockey, to football, soccer, tennis, and golf.

Customer ratings

Customers share their experiences on an online betting website through ratings and reviews. So, one of the best ways to see whether a sportsbook is worth recommending is by looking at the customer ratings. A good rating indicates a good customer experience on the platform. It’s a culmination of all the other factors mentioned above.

Bank Transfer Betting Deposits

Making deposits with bank transfers is relatively easy. Today, this method utilizes online banking. So, make sure that your bank account is registered for online banking.

• Log into your sportsbook and go to the cashier section.
• Select deposit and choose bank transfer as your payment method
• Fill in the amount you want to deposit
• Select your bank from the list of supported banks. If your bank is missing, you can’t use this method.
• Your bank’s website will pop up. Log into your account and click on accept the deposit.
• Your transaction is underway.

Bank Transfer Betting Site Withdrawals

The withdrawal process happens entirely on the sportsbook app/website. First, log into your betting account, navigate to the cashier section, and choose the withdraw option. Next, select bank transfer as the withdrawal method and provide the required details. Once you confirm the transaction, you’ll have to wait for 2-5 days for the money to reflect in your bank account.

Mobile Betting Apps and Bank Transfers

You don’t have to log in to your bank’s website to initiate and track a bank transfer. You can always use the bank app on your phone for such transactions. This means that bank transfers can still be used to make deposits and withdrawals to your sports betting account even while on the move.

Bonus Eligibility

Since bank transfer is a widely accepted and trusted payment method, you’ll be eligible for bonuses and promotions offered by sportsbooks. However, make sure to check with your sportsbook of choice for confirmation.

Bank Transfer Fees

Banks don’t usually charge a transaction fee for wire transfers. This makes bank transfer one of the cheapest payment options when it comes to transaction charges.

Pros of Bank Transfer

Bank transfer has the following advantages when used in online betting;

Widely accepted

Bank transfer is a widely accepted and trusted payment option. There are almost no online betting sites that refuse the payment method. If the sportsbook is legal, you can be sure that they’ll let you use online bank transfers for deposits and withdrawals.

Easy to use

Making a deposit/withdrawal to/from your betting account using bank transfer is relatively easy. Furthermore, the development of mobile banking apps has made the process much more convenient.

Security

Online bank transfers and wire transfers are the most secure payment methods available. The entire transaction is done by a bank, which puts security above all else. This is why bank transfer remains a trusted means of payment despite the proliferation of eWallets and other newer technologies.

No verification

Most third-party payment services require a further verification process before you can make your first deposit. On the other hand, things are much simpler with a bank transfer. This is because your bank initiates the transaction. And by then, they would have done all the necessary procedures to confirm and verify your identity.

Cheap fees

Bank transfers are essentially free. Most banks don’t charge a transaction fee for making deposits to your betting account. Thus, you’ll receive the total amount you intended to use for your gambling activities.

Accepts direct withdrawals

Few payment methods accept both deposits and withdrawals for betting accounts. Most payment options that allow deposits require you to use a third-party service, like an eWallet, to complete the withdrawals. But this isn’t the case with bank transfers. You can make both deposits and withdrawals directly from your bank account.

Cons of Bank Transfer

Overall, a bank transfer is an excellent option for making payments. It’s convenient, secure, cheap, and widely accepted. However, it’s left exposed when it comes to transaction fees. Bank transfer is one of the slowest payment methods today. Transactions can take days to go through, even deposits. On average, you’ll have to wait for 2-5 working days. Some sportsbooks try to speed up the process, but it’s slower than most alternatives. Such delays can be a dealbreaker for most people. This is especially true in online sports betting, where the speed of transaction matters a lot. Thus, you should be prepared to wait if you plan on using a bank transfer to fund your gambling.

Alternative Payment Methods

You can use several other payment methods to deposit funds into your betting account. These include;

• PayPal: Paypal is characterized by fast and easy deposits. However, the eWallet comes with higher transaction fees than bank transfers.
• Skrill: Skrill is an eWallet like PayPal.You get fast transactions but at the cost of higher fees.
• Debit Cards: MasterCard and Visa debit cards are the most widely accepted deposited options. They offer faster deposit times than bank transfers. However, they do not support direct withdrawals. 
• ACH: ACH is a secure payment method. Several checks and processes need to be completed before the transaction goes through. Thus, deposits and withdrawals take several days to reflect on your bank or betting account.