Which bookmaker has the best Banking options?
Best Bookmaker: Banking Options
One of the most important aspects of online betting is to find a bookmaker with the best banking options. Having plenty of deposit and withdrawal options can make the transfer of funds much easier.
Most new customers don’t consider who the best bookmaker for deposits or the best bookmaker for withdrawals is. It’s important to do so. Signing up to an operator who provides safe and secure banking methods should be top of the list.
For our bookmaker with the best banking options review, we’ve researched the top online bookmakers in the UK to learn exactly what options are available. We’ve also gathered data on deposit and withdrawal limits.
In addition, we’ve examined the time it takes to make a deposit and withdrawal. We’ll discuss the fastest bookmaker for withdrawals and deposits a little later.
Which operators did we research to find the bookmaker with the best banking options? The table below displays the sportsbooks we analyzed.
To find the best bookmaker for deposit and the best bookmaker for withdrawal, we tested each operator in the following categories.
- Number of deposit/withdrawal options
- Number of currencies available for deposit and withdrawal
- Available payment methods
- Minimum deposit and withdrawal limits
- Maximum deposit and withdrawal limits
- Deposit and withdrawal fees
- Deposit and withdrawal processing time
In particular, we looked at which bookmakers offer credit card, debit card, eWallet, and bank wire payment options. We also considered vouchers and prepaid cards.
It’s important to note that our findings are based on the information provided directly from the bookmaker site. We conducted our research in September 2019. Our results are valid for this period only and can vary depending on the time period and country.
So, who is the bookmaker with the best banking options? Let’s find out.
After analyzing our results for this bookmaker with the best banking options review, we’ve come to the determination of our top five bookmakers. We’ll explore why these operators, in particular, excel shortly. First, take a look at our top choices below.
Bet365 top our list, and with good reason. This operator performed well in our research for both deposits and withdrawals. Customers here have a great range of payment options, covering cards, eWallets, prepaid cards, and vouchers. You also have the option to use the bet365 bookmaker card for payment transfers.
Coming in second place is BetVictor. BetVictor provides a good all-round service for deposits and withdrawals.
Third is Betfair. We found excellent payment options with this operator, particularly with e-wallet and bank wire options.
In fourth and fifth places we have Betway and Unibet.
Best Bookmaker: Deposit Options
Let’s break our review down into the best bookmaker for deposit and the best bookmaker for withdrawal. We’ll start with the former.
Our best bookmaker for the deposit list consists of the following operators. For individual categories, there are other sportsbooks that make an appearance.
However, if you are looking for the bookmaker with the most deposit options available, you should check Sportingbet which comes out on top. This might come as a surprise to some, with this operator not usually among the most discussed online operators. However, you’ll find 17 deposit options available here.
Bet365 comes in second place in this category, offering 14 deposit options. William Hill and NetBet come joint third, with 13 deposit possibilities.
In terms of currencies, it’s bet365 that leads the way. Offering 19 different currency options, bet365 is well ahead of Energy Bet in second place with 11 and Bet At Home with 10.
Best Minimum Deposit
The option to deposit as little as possible is important. It means you don’t have to part with plenty of funds to start betting. The best bookmaker for deposit should offer methods that only require little in the way of funds.
To find the best low deposit bookmaker, we’ve considered the most popular payment options. These are Credit Card, Skrill, Neteller, PayPal, and Bank Wire. We take each method separately.
In terms of Credit Cards, the best low deposit bookmaker title is shared by many. Most online operators in the UK require a reasonably low £5 minimum deposit using a Credit Card.
Now onto Skrill. Unibet only requires a £2 deposit made using this online wallet. Betfair is in second place, with a minimum deposit of £6, with Coral in third with a minimum of £9 required.
Most operators offer Skrill as a payment option. From our research, we’ve found that only William Hill and SkyBet don’t offer this option.
Onto another popular e-wallet, PayPal. Most bookmakers only require a £5 deposit using this method. The same can be said of Neteller.
Many customers prefer to deposit using Bank Wire. Minimum deposits can vary wildly from bookmaker to bookmaker. In terms of the best low deposit bookmaker with this method, Paddy Power takes the number one spot, requiring £5 minimum.
Best Maximum Deposit
The best maximum deposit bookmaker was also difficult to determine. The maximum amount allowed varies between bookmakers and methods. We’ve listed the best maximum deposit bookmaker for each method below.
- Credit Card – Betfair – £999,999
- Skrill – Betfair – £999,999
- PayPal – Betfair – £999,999
- Neteller – Betfair – £999,000
- Bank Wire – Betfair – £999,000
As you can see, Betfair has been determined as the best maximum deposit bookmaker for all methods. This information wasn’t easily found on their site. Instead, we made inquiries using their customer service team using Facebook, who provided these answers.
Fastest Deposit Time
The ability to be able to use your funds immediately after depositing is available at most UK bookmakers. Note, though, that some operators might charge fees for using selected methods.
Best Bookmaker: Withdrawal Options
In addition to excellent deposit options, it’s also important that your bookmaker offers you quick and easy methods to withdraw your winnings. Waiting for your winnings to be transferred can be a particular annoyance to many online punters.
For availability of withdrawal options, Sportingbet comes out on top here too, with 17 different methods available. In joint second place are NetBet and William Hill, with 13 options each.
You might want to withdraw your winnings in a different currency. Bet365 offers the most, with 25. Energy Bet is second, with 11 different currencies and Bet At Home offering 10.
In terms of the best bookmaker for withdrawal, we’ve determined that the following bookmakers come out on top overall. We’ll discuss each aspect in more detail in a moment.
We’ll come to the fastest bookmaker for withdrawal shortly. First, let’s take a look at who we’ve determined to be the best minimum withdrawal bookmaker.
Best Minimum Withdrawal
As with deposits, the minimum withdrawal amount varies between bookmakers and methods. For each option, we’ve listed the best minimum withdrawal bookmaker below.
- Credit Card – Ladbrokes – £0.01
- Skrill – Ladbrokes – £0.01
- PayPal – Ladbrokes – £0.01
- Neteller – Ladbrokes – £0.01
- Bank Wire – bet365 – £5
As we can see, Ladbrokes offer the lowest minimum withdrawal amount for most methods.
Best Maximum Withdrawal
Had a big win? It’s always nice if your bookmaker allows you to withdraw all of your winnings at once, no matter how big these are. The best maximum withdrawal bookmakers do this. These days, most bookmakers don’t apply a maximum withdrawal amount. General terms and conditions, though, could come into play here.
The list below displays who are challenging to be named the best maximum withdrawal bookmaker with each method.
- Credit Card – 888sport – No Limit
- Skrill – Betfair – £999,999
- PayPal – Betfair – £999,999
- Neteller – Betfair – £999,999
- Bank Wire – Betfair – £999,999
Fastest Withdrawal Time
Withdrawals come with extra limits compared with deposits. On most occasions, you will need to wait a while before you can gain access to your winnings. Sometimes, the bookmaker will charge a fee, depending on which method you’re using.
For Credit Card withdrawals, the fastest bookmaker for withdrawals is Betfred. Betfred claims to process and send your withdrawal within two hours of the request.
Skrill withdrawal times depend on the bookmaker. In general, expect to wait between 4 and 24 hours to receive your withdrawal using this method. We did find, though, that a transfer from a Betfair account to a Skrill account should be made immediately.
Some bookmakers also charge a fee for using Skrill. For example, Sportingbet charges a fee of 4.90% on all withdrawals made using this method.
As with Skrill above, PayPal withdrawals can also take up to 24 hours or more to process. With SkyBet, though, a withdrawal using PayPal is made immediately.
Marathonbet offers the shortest time to make a withdrawal using Neteller. You should only be waiting for around three hours for your transfer to be complete. Neteller payments, again, can sometimes come with fees. Sportingbet will charge 4.90% on Neteller withdrawals.
As you might expect, bank wire transfers tend to take a little longer. For instance, bet365 says withdrawals via bank wire will take around ten days. Matchbook offers the quickest bank wire processing time, with withdrawals taking around one day.
As our research has determined, the bookmaker with the best banking options is bet365. Offering the highest number of currencies, along with plenty of deposit and withdrawal options have helped this operator take the number one spot.
One interesting and somewhat disappointing, aspect of conducting this research is the lack of information available on many operator sites. All payment terms and conditions should be clearly set out, however, we found that many do not abide by this. The bookies who don’t explain their payment options in a clear and thorough manner include the following:
- Genting Bet
There are new ways operators are introducing to make it easier to make deposits and withdrawals. As an example, many have released their own bookmaker bank cards, including bet365, Betfair, Coral, Paddy Power, and William Hill.
We also expect your range of options to increase in the future. We might see more operators offering bookmaker bank cards and prepaid cards. Cryptocurrency options could also be introduced.
Overall, our research has shown bet365 to be the bookmaker with the best banking options. No matter which bookmaker you choose, it’s vital you understand the terms and conditions associated with payment transfers. Also, make sure your operator offers a safe and secure way of making deposits and withdrawals.