October 2021

Banking Methods

T&Cs Apply

Paypal & some deposit & bet types excl. Min first bet £10 a odds 1/2 or more. Tote and Pool excluded. Must be placed within 14 days of account reg. £30 credited as 3 x £10 free bets. Not valid with CashOut. Free bet valid for 7 days. Free bet stake not returned.

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Coral Sports
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Bet £5 Get £20 in FREE Bets

  • Strong Established Sportsbook
  • #YourCall Custom Bets
  • Great Range of Promotions

Whenever you are using a real money betting site, it goes without saying that you will need to deposit funds at some point to enjoy the site. That’s why we’ve put this page together to show you how to deposit your funds, what methods you can use, how to withdraw, and so much more.

The one and only exception to depositing funds at a betting site is if you manage to source a no deposit bonus. These can be few and far between, however, so rather than focus on the few sites where this is possible, we’d like to guide you through the whole scope of banking with your online betting accounts.

The good thing about reading this in October 2021 is that depositing at a betting site has never been easier, as you will soon find out. But if you’d prefer to skip through this information and get started with a great betting site today, just choose a site from the list on this page and sign up.

Banking - October 2021

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TopRatedBetting.com is dedicated to helping customers find the best place to bet online. Your safety and well-being is a priority, which is why all of our expert bookmaker reviews are 100% honest and unbiased, and we highlight the key terms and conditions of every free bet offer we advertise. Whilst we accept commission from the betting sites on our list of recommendations, and this may affect where they’re positioned on our lists, we only recommend companies that we truly believe are safe and fair. Of course, we can’t rate and review every betting site, but we do make sure that only the best UK-licensed bookies make it onto our lists.

TopRatedBetting.com is dedicated to helping customers find the best place to bet online. Your safety and well-being is a priority, which is why all of our expert bookmaker reviews are 100% honest and unbiased, and we highlight the key terms and conditions of every free bet offer we advertise. Whilst we accept commission from the betting sites on our list of recommendations, and this may affect where they’re positioned on our lists, we only recommend companies that we truly believe are safe and fair. Of course, we can’t rate and review every betting site, but we do make sure that only the best UK-licensed bookies make it onto our lists.

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Coral Sports

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9.2
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357 user ratings

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9.1
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PayPal Not Accepted
  • In-Play Free Bet Club,
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Betfred Betfred

Bet £10 get £30 in free bets + 60 free spins

T&Cs Apply
New Customer Offer

New UK & NI customers only. promo code ‘SPORTS60’. Deposit & place first sports bet of £10+ in one bet transaction, at odds of Evens (2.0) +. settled within 60 days. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement, 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 60 Free Spins on Justice League Comics. 7-day expiry. Full T&Cs apply.

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Grosvenor Sports Grosvenor Sports

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T&Cs Apply

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Ladbrokes Sport Ladbrokes Sport

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T&Cs Apply
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What payment methods can I use to deposit my funds?

If you are looking to gamble with real money on a betting site, it is important to familiarise yourself with the deposit options your bookmaker has available. The very best sites today have a wide range of methods that you can use, and the minimum deposit amounts for these various methods are generally quite low. More often than not, you can fund your account for as little as £5 to £10, and you won’t be charged any fees either.

Once you’ve registered for a new account with any site, you should have the choice from any of the betting banking methods listed below:

  • Debit cards (MasterCard/Visa/Maestro)
  • Online bank transfers
  • PayPal
  • E-wallets (Skrill/Neteller)
  • PayByPhone
  • Paysafecard

It is important to note that you won’t find all of these bookmaker deposit options at every single site that you sign up with. Some sites will have a greater range of payment methods than others, but one thing is for sure – if you stick to the very best sites, you will have no trouble in finding a method that suits you.

Are funds I’ve deposited at an online betting site safe?

Once you have deposited any funds into your online betting account, the funds are safe and protected. As a requirement of being a licensed operator, betting sites will actually hold funds in a separate bank account to guarantee this protection, which should give everyone peace of mind. Not all sites fall under this description, however, which is why you should take the time to ensure that the site is licensed and regulated and that it uses SSL encryption to safeguard your transactions.

Provided that a site displays these options, you should have nothing to worry about regardless of which banking options you choose to use. You will also be able to see your balance after you have logged into your account. This should also help to give you a degree of comfort in knowing that your funds are there and ready to be used.

Types of online bookmaker banking methods

As promised, we will now get into the betting site banking options that are available for you to use, and believe us, there are plenty to choose from. These methods can be used whether you are depositing or withdrawing funds from your account in most cases, and we have covered the main details for each right here.

Online bank transfers

If you decide to go down the avenue of an online bank transfer, you will need to manually transfer funds from your bank account into your online betting account. This can be beneficial as you are protected by the bank thanks to standard data-encryption software, and it’s also one of the most reliable methods you can use in general. The only downside to using online bank transfers is that they are not instant, so you will naturally be waiting longer for a transaction to process.

E-wallets

E-wallets are some of the quickest of all betting site payment methods and you can create an account with providers like Skrill or Neteller for free. If you deposit through these methods your money will arrive instantly, and even if you are withdrawing through these methods, funds can often arrive in a matter of hours. Just like the other betting site banking methods outlined here, you won’t encounter any unwanted fees either.

PayPal

While also an e-wallet, PayPal is arguably the most popular and familiar of all the bookmaker deposit options described here. PayPal is an incredibly secure way to process online transactions, as they are all encrypted, and PayPal also has a dedicated support team that will follow up on all transactions if something goes wrong. The only thing with PayPal is that the e-wallet provider can charge small fees, even if the betting site itself does not.

Debit cards

Just about everybody has a debit card these days, which makes this method one of the most simple and accessible for people to use. If you choose to make a deposit with any of the debit card options, such as Via, MasterCard and Maestro, you can expect the funds to arrive in your betting account immediately. However, when it comes to betting site withdrawal methods, debit cards are definitely not the quickest. It can often take a betting site up to 5 business days to process debit card withdrawals, which is slower than other methods such as e-wallets or PayPal.

Bet PayPal Betting Sites

Launched:
Bet Regal

Bet £10, Get a £10 FREE Bet

T&Cs Apply

£10 minimum deposit and wagering. Void/cancelled or cashed out bets don't count towards wagering to activate the free bet. Must be used within 14 days . Neteller, Paysafe or Skill deposit not eligible.

18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions

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754 user ratings

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MansionBet

100% up to £100 Welcome Bonus

T&Cs Apply

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433 user ratings

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Launched: 2003
10 Bet Sports

Welcome Offer

50% up to £50

T&Cs Apply
New Customers Offer

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1392 user ratings

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Launched:
888 Sport

Bet £10 Get £30

T&Cs Apply

New customers only – Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit balance is available for withdrawal at any time. General deposit method & withdrawal restrictions apply & full T&C’s apply

18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions

Claim Bonus

377 user ratings

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Ruby Bet

Deposit £10, Get £10 FREE

T&Cs Apply

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18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions

Claim Bonus

347 user ratings

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Launched:
Betfred

Bet £10 get £30 in free bets + 60 free spins

T&Cs Apply
New Customer Offer

New UK & NI customers only. promo code ‘SPORTS60’. Deposit & place first sports bet of £10+ in one bet transaction, at odds of Evens (2.0) +. settled within 60 days. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement, 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 60 Free Spins on Justice League Comics. 7-day expiry. Full T&Cs apply.

deposit £10, play with £30

18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions

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313 user ratings

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Sign Up to Play
Launched: 2020
Betiton

Bet £15, get a £10 free Bet

T&Cs Apply
New Customer Offer

18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit,: £10, max £10 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. System bets not eligible. Neteller,Skrill and Paypal not eligible. T&Cs apply

Bet £15, get £10

18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions

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241 user ratings

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Launched: 2017
Mr Play

Bet £10, Get £10 FREE

T&Cs Apply

1st Deposit, Min Deposit,: £10, max £10 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. System bets no eligible

18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions

Claim Bonus

366 user ratings

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Sign Up to Play
Launched:
Coral Sports

Bet £5 Get £20 in FREE Bets

T&Cs Apply

Paypal & some deposit & bet types excl. Min first bet £10 a odds 1/2 or more. Tote and Pool excluded. Must be placed within 14 days of account reg. £30 credited as 3 x £10 free bets. Not valid with CashOut. Free bet valid for 7 days. Free bet stake not returned.

18+ Please Gamble Responsibly. Click 'Claim Bonus' to view full terms and conditions

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653 user ratings

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Launched: 2020
Infernobet

Deposit £10 get £10 free bet

T&Cs Apply
New Customer Offer

Minimum stake £10, minimum odds 1.5, stake not returned. 10X wagering the winnings from the free bet. Wagering occurs from real balance first. Wagering requirement is calculated on bonus bets only, wagering starts from real funds. Free bet is valid for 7 Days. Max conversion: £20. Excluded Skrill deposits.

pay £10, play with £20

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192 user ratings

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Know your customer checks explained

Some betting sites will carry out a Know Your Customer (KYC) check in order for you to verify your account details before you are able to make a deposit. This is a standard practice used by betting sites in the UK. Many people start to panic when they hear that they need to verify their account, but it’s actually a very simple process. Basically, you will need to prove that you are who you say you are and that you actually live at the address you have listed when registering.

In order to verify both of these details, you can do a couple of really simple things. To verify your identity, you can easily snap a photo of your driving license or passport, and send this across to the betting site KYC team via email. Then to verify your address, you can send through a photo of either your bank statement or a recent utility bill. Providing that the photos are clear and that the requested information is visible, your account will be verified in just a few days.

When can I withdraw money from my betting site account?

You can withdraw money from your online betting account as and when you please. There is often a minimum in place for a betting site to process withdrawals, but this is usually around the £10 mark or even lower, depending on your chosen site. As is the case for deposits made at online betting sites, the very best brands have a bunch of different methods you may use when withdrawing from a betting site.

Some of these methods include e-wallets, debit cards, online bank transfers, PayPal, and several others. Whenever you are feeling ready to withdraw your funds, you can simply log in to your account and head to the banking section. From here you will need to select withdrawals, choose your desired withdrawal method, and then decide how much of your cash you wish to take out.

Fast withdrawal banking methods

It goes without saying that there is less frustration with betting sites when you manage to withdraw your money in a timely manner. After all, nobody enjoys waiting for their money, especially when it is money that has been legitimately won on a betting site. So with this in mind, it’s important to know which of the betting site withdrawal methods offer instant processing. Instant processing in this regard usually indicates that you will receive your funds within a few hours.

E-wallets like PayPal, Skrill and Neteller are generally the banking methods with the fastest payout times. As such, you will need to set up an account with one of these providers before you can use them. But the good news is that this can easily be done by heading to the respective websites of these methods which is also completely free for you to do.

E-wallets like Skrill and Neteller can sometimes be excluded from certain bonsuses, so check the T&Cs before you sign up.

 

Ready to make your first deposit?

If you’re now feeling pumped up and raring to try a new betting site, why not choose a brand from our hand-picked sites listed on this page? All of these sites have been vetted by our team, and they really are some of the best in the market.

Best Betting Sites and their Banking options

Betting Site Rating Banking Go to site
Coral Sports 5 Visa Debit, Mastercard, PayPal, PaysafeCard
10 Bet Sports 5 Bank Transfer, Visa, Mastercard, PayPal, PaysafeCard, Skrill, Neteller, EcoPayz, Maestro, Visa Electron
888 Sport 5 Visa Debit, Bank Transfer, Mastercard, PayPal, Neteller, Sofort, Trustly
Bet Regal 5 PayPal, PaysafeCard, Skrill, Maestro
Ruby Bet 5 Visa, PayPal, PaysafeCard, EcoPayz, Pay by Phone, Trustly
The Online Casino 5
32 Red Sports 5
Betiton 5 Bank Transfer, Visa, Mastercard, PayPal, PaysafeCard, Skrill, Neteller, AstroPay Card
Mr Play 5 Visa, Mastercard, Skrill, Neteller, Entropay, Maestro, Sofort
Unibet 5 Visa Debit, Mastercard, Solo, Switch

FAQs

  • Can I deposit at an online betting site by cheque?

    Some sites do allow you to make a deposit via cheque, however, this is the slowest method you can use. Not only do you have to write the cheque out, but you then need to mail it off to the headquarters of the site, only for it then to be processed, which can take several business days.

  • Can I deposit at an online betting site by phone?

    Yes. PayByPhone is an online payment method that has actually been around for a while now. As long as you are on a network that supports this method, you should have no trouble in funding your account this way.

  • Can I deposit at an online betting site with a credit card?

    No. Up until mid-way through 2020, you could have deposited funds into your account with a credit card, but it has since been removed from all betting sites. For that reason, you will need to use a debit card if you’d prefer to make a deposit through your available bank cards.

  • Can I Deposit Money Using a PayPal Account?

    You can absolutely deposit money into your online betting account with PayPal. Of course, if you do want to use this option, it is essential that you have a registered PayPal account in the first place. If you do not already have one, you will need to head across to the main PayPal web page and register for a new account this way. This is a process that takes just a few minutes to complete, and it is absolutely free to do. When you come to actually funding your betting account, all of the available deposit options should be shown in the cashier section of the site, and if you see PayPal, you are good to go.

  • What happens if a betting site I've deposited at goes bust?

    While it is rare for a betting site to go under, it can happen, so let us give you some comfort in case of this eventuality. If you have funds in your account, and the betting site does stop trading, the first thing you should know is that you won’t lose the money. If the betting site folds, over the coming weeks following the closure, your funds will be paid back to you through your desired withdrawal method. You will usually be kept informed via email if the business goes under, and of course, you’ll receive an update for when your funds are paid out too.