Bank transfers are one of the oldest and most popular forms of withdrawing money from your sports betting account. Here’s a list of sportsbooks on our website where you can use this payment method to withdraw funds, as well as a brief guide for sports betting with bank transfer withdrawal, including the pros and cons you should be aware of.
Getting your money out of your betting account is integral to your enjoyment of betting. After all, there’s not much point in gambling for real money if you don’t get to withdraw, bank it and spend it when you’ve won some. Sports betting with bank transfer withdrawal is one of the most widely chosen methods among gamblers to get their money out of their betting account, and there are good reasons as to why that’s the case.
Let’s look at what those reasons are, any negatives to making a bank transfer betting withdrawal and how to actually use this method when it comes to cashing in, or cashing out as the case may be, your winnings.
How to Withdraw Funds From Bank Transfer Sports Betting Sites?
The first thing you’ll need to do before even thinking about withdrawing is to make sure you’re opening your accounts at betting sites with bank transfer withdrawal. The second is to make sure you actually have a bank account to withdraw into.
What you need to do at the withdrawal stage depends on what you did at the depositing stage. If when choosing from the betting payment methods available you elected a bank transfer for a deposit, your bank details will already be saved in your betting account.
If not, you’ll need to provide the name on your account, the name of the bank, your account number and a short code when choosing bank transfer as your withdrawal method. After that, it’s pretty easy:
- Log into your account and head to the Account Options/Banking part of the site
- Select Withdraw
- Choose the amount you wish to withdraw, making sure that it comes within the maximum and minimum requirements
- Click on the Bank Transfer option.
- Click 'withdraw' (or words to that effect) to start the withdrawal process
Advantages and Disadvantages of Using Bank Transfer as your Betting Withdrawal Method
Let’s look at some of the pros and cons of betting with bank transfer withdrawal and how it compares to other sports betting withdrawal options.
Advantages:
- Sports betting with bank transfer withdrawal is accepted at almost all sportsbooks
- Most customers are already likely to have an online bank account
- With so much scrutiny over banks and the safety of using them, bank transfers are extremely secure
- You can use bank transfers for both deposits and withdrawals, whereas with other payment methods, it’s sometimes one or the other
There should be no fees charged when getting your money out at betting sites with bank transfer withdrawal when requesting a standard transfer
Disadvantages:
- Withdrawals by bank transfer are notoriously slow, taking anywhere between 3 to 10 days and an average of 3-5 days, which is much longer than the likes of e-wallets that take just up to a few hours
- Your bank may refuse to allow you to make any transfers to or from a betting site, which is unlikely to happen when using e-wallets or cryptocurrencies
One way of speeding up the withdrawal process is to request a special Swift or CHAPS transfer, which is far quicker but may involve a charge from the bank, which is, again, not ideal. Weigh these factors and read our expert sportsbook reviews before choosing the best betting site to register with and place your bets.
