Bank transfer betting sites

Have you ever intended to place a fast live bet but were unable to do so due to a lack of funds in your betting account? It may be incredibly annoying, especially if you are confident that your forecast will win. We believe that no one should have to deal with this issue. 

You should be able to fund your account, place bets on the move, and not miss any of the action. This difficulty might be solved by using the bank transfer payment option. You may move cash straight from your bank account to your betting account via internet or online banking using your bank’s online banking service or the bank’s mobile app. 

How to bet with Bank Transfer

Before you can deposit, withdraw, or bet with bank transfer, you need to register a sport betting account at a reputable Nigerian bookmaker. Thereafter, it’s a simple process. 

Deposit with Bank Transfer

Bank Transfer deposits are usually available instantly, however, some banks may take 24 to 48 hours to process your funds. If this happens, you can contact customer support and they will often credit your funds upon receipt of a valid proof of payment. 

Bookies don’t usually charge fees for deposits using this method, however, you may incur fees from your bank depending on its fee structure. To make a bank transfer deposit, follow these easy steps.

1. Log into your bookmaker account and click on either Deposit or Account.
2. Select the bank transfer option (*If necessary, select your preferred bank) to receive the bookie’s banking details and your reference number.
3. Go to your online banking platform or mobile banking app.
4. Enter the relevant amount, banking details, and reference number.
5. Process your payment as you would a normal EFT.
6. Check if your funds have loaded or contact customer support to load your funds.

We recommend saving your preferred bookies as beneficiaries when you make your first deposit so that this process is easier in the future.

*Some bank transfer sport betting sites group this option under one heading, for example, Online Banking, Bank Wire or Bank Transfer. Others list them out bank by bank. For example, Bet9ja has GT Bank, Fidelity Bank and Unity Bank listed separately among its payment options.

Cash out with Bank Transfer

You may withdraw money from bookmakers in Nigeria through a variety of methods, but bank transfer is one of the most common. This option is offered at all of Nigeria’s main betting sites.

Here’s how you make a withdrawal using the bank transfer method.

1. Go to the withdrawal section of your account.
2. Select Bank transfer or the relevant option as per the instructions above.
3. Enter your banking details and your withdrawal amount.
4. Confirm your details.
5. Enter the OTP that you get sent via email or SMS.
6. Confirm your transaction and wait for your funds, which may take up to five days.*

Your account statement will show you the status and progress of your withdrawal. To avoid any needless delays, make sure that the name on your bookmaker account matches the name on the bank account where you wish to send the payments.

*Some bank transfer sport betting sites, like Pinnacle, can take up to 10 days to send your funds.

Limits of Bank Transfer on sportsbook sites

Fortunately, there are only a few limitations to making payments and withdrawals via bank transfers, but we prefer to offer you all the facts, so we’ll go over them for you.

Deposit limits with Bank Transfer

Firstly, to make a deposit using this method, you will need to have a valid bank account that is set up or registered for online banking. The next limitation would be that you can only withdraw to a bank account in your name.

Another downside of this method is that you have to navigate away from the bookmaker site and manually insert all details at least once – if you save the bookmaker as a beneficiary on your baking platform.

On the positive side, the top Nigerian bookmakers do not have any limits as to how much you can deposit at a time. Your bank will have transfer limits which you can amend with your bank. Depending on the bookmaker you choose, minimum deposit limits will also apply and can range from low for local bookmakers to quite high for international bookmakers.

Cash out limits with Bank Transfer

Several Nigerian bookmakers require you to withdraw funds from the same account that you used to deposit. Bank transfers are also only processed during normal working days, so delays over weekends and public holidays can be expected. 

There are also minimum and maximum cash out limits for bank transfer withdrawals. These limits vary with the different bookmakers in Nigeria. For example, the minimum bank transfer withdrawal amount on bet9ja is ₦1000, while the maximum payout on the site is ₦9,999,999. 

Pinnacle has a minimum withdrawal of‎ €15 and imposes no maximum withdrawal amount on bank transfer withdrawals. Local bookies like NairaBet accept withdrawals as low as ₦25.

Reasons to bet with Bank Transfer

Bank transfers are a quick and simple way to finance your online betting account. Deposits by bank transfer are free, quick, and commonly accepted. Customers may also withdraw their money via bank transfer once they have finished betting. Here are some other reasons why you should use bank transfers.

High deposit and withdrawal limits

Maybe the most significant advantage of bank transfers as a payment method is that there are fewer deposit or withdrawal limitations. If there are restrictions, they are often quite large, greatly beyond those of traditional payment methods, such as card payments and e-wallets.

Very secure

Since banks use exceptionally high levels of encrypting and security software with their transactions, bank transfers are exceedingly secure. While making a deposit, you do not need to submit your financial information to online bookies because all the bookmaker receives is the money. 

Fewer fees

Some payment methods, such as e-wallets, charge transaction fees when depositing funds. Bank transfers are generally free. 

Do we recommend this method?

Yes, we do recommend bank transfers as a good payment method for bookmaker transactions. Bank transfers are one of the oldest and most universal payment methods used by bookies. 

They are often more suited to high-stakes gamblers who wish to load up their betting accounts but have no urgent need for the cash. Bank transfers are a very safe and easy way to send and receive money to and from your bookmaker account. 

It’s considerably easier to set up bank transfer payments now that mobile and internet banking are available from wherever you are. Bank transfers are instant and carry minimal to no fees. They also tend to have higher maximum deposit and withdrawal limits than other payment options.