Top Betting Sites that Accept Bank Transfer

What Are Bank Transfers and How Do They Work?

Bank transfers, also known as wire transfers, allow users to send and receive money electronically from one bank to another. That's why they are often referred to as electronic funds transfers. Even though a bank transfer is considered a more traditional payment method, it is still frequently used, especially as it facilitates both domestic and international transfers of money. People usually use online banking systems and mobile banking solutions to conduct bank transfers, although it is still common for users to send and receive bank transfers in person by going to a physical bank.

To send money with bank transfers, users need to initiate payments through their bank by entering their banking details. As soon as the transaction is authorised by the user, the bank will debit that amount from the user's bank account and send the funds to the recipient's bank specifying the account details where the money should be transferred. The recipient's bank will then credit the funds to the account specified by the sender. With the prevalence and reliability of Bank Transfer, it is one of the leading gambling-friendly payment methods for betting sites.

Facts About Bank Transfer Betting

• On average, about 50 million SWIFT payments are processed each day.
• Trillions of dollars are transferred annually between banks.
• Domestic bank transfers are completed within one to three business days.
• International transfers take longer and are usually completed within three to five business days.
• Banks use the latest in security and encryption technology, including multi-factor authentication, fraud monitoring, and detection of unauthorized transactions.
• Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations enhance security and transparency.
• Bank transfers are usually initiated via third-party payment platforms and banking apps.
• Fees vary between banks and will often depend on the amount you transfer.

Top Bank Transfer Bookmakers by Category

Bank transfer bookmakers are good at many things. However, after placing your fair share of bets, you notice that each bank transfer betting site specialises in particular aspects of sports betting. With Betpack, you don't have to place a myriad of wagers before finding the right bookie. Check out our top bank transfer betting sites for popular sportsbook categories and find the best bookmakers for you.

Betting with Bank Transfers

Not many payment methods are as prevalent at online betting sites as bank transfers. Almost all bookmakers have bank transfers as the primary withdrawal option, while a lot of them accept bank transfer deposits too. Some bookmakers accept bank transfers made directly from your bank account, while others work with payment platforms that serve as intermediaries between your bank and the betting site.

Whichever option you choose, you will benefit from safe deposits and withdrawals, as banks have advanced security systems in place. You will also be able to trigger a wide range of bonuses, as bank transfers are considered as qualifying deposit options for online sports betting bonuses. Lastly, even though bank transfers have longer processing times, they let you deposit and withdraw more money than other payment methods, which makes them ideal for high-roller bettors.

How to Make Bank Transfer Deposits?

Depositing funds into your sports betting account is pretty straightforward with most payment methods. However, with bank transfers, the procedure is even easier. Here's what you need to do to deposit money using bank transfer:

• Log into your sports betting account and locate the Cashier section.
• Find the bank transfer option in the list of payment methods and click on it.
• Type in the amount you want to deposit.
• Wait to be redirected to the online banking environment managed by your bank.
• Enter your bank account details to authorize the transaction.
• The funds should get to your betting account when the bank processes the transfer.

How to Make Bank Transfer Withdrawals?

Bank transfer withdrawals are the preferred payout option for most sports bettors and chances are you will be one of them. So, it is important to know how you can request a bank transfer payout. These are the steps you need to take to withdraw your sportsbook winnings to your bank account.

• Use your sportsbook login details to enter into your betting account.
• Find the Withdrawals menu and select bank transfer as your withdrawal option.
• Enter the amount you want to withdraw.
• Check that you have entered all the information correctly and make the withdrawal request.
• The bookmaker will now take some time to process your payout request.
• When all checks are over, you will need to wait for 1-3 days for your winnings to get to your bank account.

Best Fast Payout Bank Transfer Bookmakers

Online betting sites that work with bank transfers may not offer stellar withdrawal times, but many online bookies process your withdrawal requests instantly and give you same-day withdrawals. So, if you are an online betting enthusiast looking for the fastest payouts, these are the online sportsbooks you want to join.

Bank Transfer Experiences

Sven: 100% of my withdrawals have been made through bank transfers and the payment method has never failed me. Sure, I need to wait a couple of days for the funds to arrive in my bank account. However, that is a very small price to pay to get peace of mind, resulting from those safe and reliable bank transfer payouts.

Leslie: I have been an avid e-wallet user up until a few months ago. It was then that a friend suggested I start depositing directly from my bank account. So far, that move has paid dividends, as I have been able to top-up my account with large sums of money in single transactions.

Alternatives to Bank Transfer Bookmaker

The best online betting sites that accept bank transfer payments also work with a myriad of other banking options. That means you can choose bank transfers and use them as your withdrawal option, and benefit from the security and reliability they offer, but select a faster deposit method to improve your online betting experience even further. Let's look at five excellent alternative payment methods that you can use instead of bank transfers or in conjunction with them to complement your online sports wagering adventure.

Ethereum

The second biggest cryptocurrency behind Bitcoin, Ethereum is a top choice for many sports bettors. Founded in 2015 by Vitalik Buterin, Ethereum is a digital currency that is created on and uses blockchain technology. That makes it super reliable and secure, as all transactions that take place on the network are encrypted and then digitally recorded so you can be sure that your funds, just like the 1.183 million daily ETH transactions, will get to their destination, your online betting account.

• As with bank wire transfer payments, Ethereum allows you to both deposit and withdraw funds at online betting sites. However, unlike betting sites that accept bank transfers, ETH bookmakers will give you much faster deposits and withdrawals.

• Depositing funds usually takes a few minutes and the same goes for withdrawals, plus the time it takes for the sportsbook to process your payout request.

• Another perk of using Ethereum at online sportsbooks is that it comes with little to no fees. That is a significant upgrade compared to the transaction fees you need to pay when you use bank transfers.

On the down side, though, if you make a mistake, you won't be able to reverse ETH transactions. Reversing a transaction is always tricky, but if your bank has good customer support services, you can definitely do that when using bank transfers.

PayPal

Launched in 1998, PayPal quickly became one of the most popular digital wallets and a top choice with sports bettors. These days, the e-wallet has more than 435 million users which is not surprising considering that you only need to have an email address to set up a PayPal account. Also, with a coverage of more than 200 countries, chances are that you will be able to use PayPal where you reside too. Moreover, the payment method supports 25 currencies, so you will likely have no problem transacting in your local currency as well.

• Some of the advantages of using PayPal to bet online are directly linked to that wide availability. In other words, PayPal is one of the most popular e-wallets at online betting sites. So, you will have no problem depositing funds or withdrawing your sports betting winnings with it.

• Also, PayPal is created with mobile users in mind. Therefore, if you are someone who wagers via a mobile device, you will be able to access your mobile sportsbook with betting apps and mobile PayPal solution on the same Android or iOS device.

As with other payment methods, though, PayPal does come with a couple of disadvantages. The biggest problem with using the e-wallet is the fact you incur a wide range of fees that can often be quite steep. Similarly, even though PayPal works pretty well most of the time when problems occur, you might not be able to get in touch with PayPal's customer support instantly, as the e-wallet's help desk is frequently bombarded with inquiries and calls.

Maestro

Introduced in 1991, Maestro is still one of the most frequently used debit cards, particularly in Europe. With over 666 million Maestro cards issued since the payment method was launched, it is clear that there is demand for the payment method. The large number of betting sites that accept Maestro is another good indicator of how popular the banking option is.

• One of the reasons why sports bettors opt for Maestro is that it allows them to deposit instantly and also use it to withdraw money from their sports betting account. Sure, those withdrawals are not the fastest. However, like withdrawing funds to bank accounts using wire transfers, Maestro withdrawals are secure and reliable. So, those slower speeds can be tolerated.

• Another benefit of using Maestro for online gambling is that it allows you to claim sports betting bonuses. Debit cards are always safe options if you want to claim a bonus or a free bet, and that is particularly true for Maestro.

• Lastly, if you want to spend only the money that is in your bank account and not go into the red, Maestro debit cards are excellent options. With debit cards, there is no risk of overspending, something which is a problem for many bettors who use credit cards.

Jeton

Established in 2017, Jeton is an e-wallet that is regulated by the Financial Conduct Authority (FCA). It works with more than 70 payment methods, meaning you will never be short of options when it comes topping up your digital wallet. The 40+ supported currencies serve a similar purpose.

As with other e-wallets, Jeton lets you deposit and withdraw at online betting sites. Moreover, those deposits and withdrawals are faster than most other banking options, particularly bank transfers. Jeton also boasts a mobile app that will come in quite handy for bettors who are always on the go.

Unfortunately, there are also a few drawbacks to using Jeton to fund your online sports betting account. One is that Jeton charges a 2% fee on all transactions. And that is not optimal, to say the least. Also, the Jeton registration process is quite lengthy, and so is the verification of your Jeton account.

Kevin.

If you insist on funding your betting adventure using bank transfer payments but want faster deposits and withdrawals, Kevin. is a good option. Founded in 2017, Kevin. is an account-to-account banking system authorized by the Bank of Lithuania that allows you to make transactions directly from your online bank account. The payment method is significantly faster than traditional payments made via bank transfer and will often give you same-day deposits and withdrawals.

When you use Kevin. at online sportsbooks, you can claim your fair share of bonuses and free bet promos, as bank transfer payments made with Kevin. are not excluded from sportsbook promos. You will also pay very small fees.

The biggest disadvantage of Kevin. is that only a few sports betting sites accept it and they all almost exclusively accept players from Europe. So, you might end up returning to traditional bank transfers after all, as not many sportsbooks work with this account-to-account payment system. That might change, though.

Most Trusted Bank Transfer Bookmakers listed by Betpack

Bank transfer sports betting sites are great, but not all of them can be trusted with your money. Even though most bookies look like legitimate businesses, some are best avoided. However, because it takes a keen eye to recognize a reliable and trustworthy betting site, most betting beginners cannot distinguish trusted sportsbooks from fraudulent ones. That’s where Betpack comes in. Go through our list of reputable betting sites to locate licenced bookies that are overseen by stringent regulators.

Bank Transfer Betting Summary

As you can see, bank transfers allow you to send and receive money at online sportsbooks directly from and to your bank account. They are convenient and bettor-friendly payment methods that are easy to use, and most betting sites accept them. One of the best things about bank transfers is that they are super secure, particularly if your bank is a reputable financial institution. Large banks rely on tried-and-tested security systems that ensure you won't fall prey to hackers and people with fraudulent intentions.

There are other perks of using wire transfer payments at online bookmakers too. For instance, betting sites with bank transfer deposits and withdrawals are great for high-rollers and low-stakes gamblers. They are ideal for big-money punters, as they provide high maximum deposit and withdrawal limits. On the other hand, their minimum deposit and payout thresholds are reasonable, so they are great for budget bettors too. Moreover, because there are no intermediaries between you and the sportsbook, penny-pinching punters don't have to pay additional platform fees, and transaction costs are often on the low side.

Even though bank transfer betting sites come with a couple of drawbacks, such as slow transactions, they are still one of the best payment options if you want to transfer money securely directly from your bank account. At Betpack, we find the best bank transfer betting sites, so that you get even more out of your wire transfers. All bank transfer bookies we feature have been checked for security, reliability, bonuses and betting options. Choose the one that works for you and power up your next wager with a direct bank transfer deposit.