Is it legal to use bank transfers for betting?

Yes. You can use bank transfers to legally bet legally in the sites that accept this payment method.

How do I know if a betting site supports bank transfers?

if it is not specified in the bookmaker's payment methods list, try looking for Visa and Mastercard logos. It’s most likely that they support bank transfers if they have those.

How do I link my bank account?

Click the logo of your bank on the payment options and input the necessary details. That way, you’ll be able to enjoy faster transactions.

Which are the best bank transfer betting sites?

The best bank transfer bookmakers are those who offer different betting markets, attractive promotions, low fees and have a licensed. Check out our list!

Bank Transfer Betting Sites in the Philippines

Last update at 10 March, 2023
There are several payment methods that online bookmakers accept and among them is bank transfer which have provided so much convenience for bettors over the years. Since most users have their money stored in their bank accounts, it’s ideal to directly use them as a payment method.

Similar to other online payment methods, the funds are also sent digitally through bank transfer. With the ease it provides, it is no longer surprising to see a lot of sites that use it to complete payments. Find out more about sportsbooks that accept bank transfer and how this payment method works below.

List of Bookmakers that Accept Bank Transfer

Rank	Bookmaker	Rating	Bonus	Get bonus
1	1xBet	5/5	100% WELCOME BONUS UP TO 100 EUR	Play Read review
2	SpinBetter	4.8/5	100% bonus on your first deposit up to 6,267 PHP	Play Read review
3	BK8	4.5/5	100% Bonus Up to 5,000 PHP	Play Read review
4	888Starz	4.1/5	100% welcome bonus of up to 88,000 pesos and 150 free spins	Play Read review
5	Paripesa	4.5/5	100% welcome bonus up to 4900 PHP	Play Read review
6	Peso88	4.8/5	100% up to 3,888 PHP	Play Read review
7	PesoBet	4.8/5	Redeem PHP 3,000 on your 1st deposit	Play Read review
8	Wolfbet	4.5/5	No welcome bonus	Play Read review
9	Bons	4.8/5	500 PHP free bet welcome bonus	Play Read review
10	BC.Game	4.8/5	Welcome Bonus Up To 270%	Play Read review

Quick Access to the Topics You Can Find in This Article

Are you in a hurry? Feel free to jump on the topics you wish to know more about by clicking on one of these links:

Why Use Bank Transfer for Betting?
Are Bank Transfer Payment Methods Safe for Betting?
How to Bet With Bank Transfers
How to Withdraw Money From a Bookmaker
Deposit and Withdrawal limits
Frequently Asked Questions (FAQ)

Why Use Bank Transfer for Betting?

Diversity in terms of payment methods is an important aspect at online betting sites as it gives you the option to choose what’s most convenient for you. This is unlike in the traditional setting where you have to go to the cashier and place your bets manually. You can place sport bets online and use bank transfer to make fast and secure transactions.

Bank Transfers Betting Overview

Secure Transactions	✅
Lower risk of fraud	✅
Customer-friendly	✅
Popular payment option	✅
Easy to make	✅

Are Bank Transfer Payment Methods Safe for Betting?

Definitely. Banks are known for their safe and legal regulations so rest assured that there are no third parties involved. Bank transfer, even when used in online betting, is secure. However, you still need to be careful not to share your banking details and always place bets using a safe network.

How to Bet With Bank Transfers

Each bank has their own terms and conditions so check with your chosen bank the specific details on making transactions. Generally, you link your bank account directly to your bookmaker account and use it to transfer funds for betting. If you are planning to bet with bank transfer method, here are a few things you should know:

1
Check our bookmaker list
Take a look at the list provided to see which betting sites accept bank transfer. This way, you will know the best bookmakers that are compatible with the betting payment options bank transfer method.
2
Get used to your bookmaker
Some bettors think that the best online payment service for betting bank transfer method is the most efficient and convenient way of depositing and withdrawing money for gambling. Check your bookmaker account and find where the bank transfer method is located. This way, you will not have a hard time depositing and withdrawing sports betting funds.
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3
Deposit funds
Once you are already confident with the bookmaker you’ve picked, fund your account using bank transfer. To do so, follow these simple steps:
1. Log in to your chosen site and go to your account, then click deposit and choose bank transfer as payment method.
2. Enter the amount you’d like to transfer, input necessary banking details, confirm the transaction and wait for the verification code. Finally, just wait for the amount to reflect on your account.
4
Start Betting
Once the processing is done, you can already start to bet on your chosen site. It’s up to you to vary your bets among the various matches you are interested in. You may also want to spread your bets among outright and in-play bets if you wish to.

How to Withdraw Money From a Bookmaker

Claiming your winnings with bank transfer as your payment method is simple and easy. After succeeding your bets, check your account to see that your winnings are already reflected. Withdraw your prizes using bank transfer and wait for the transaction to get through. Just keep in mind that the duration of the entire process may vary depending on the system of the banks and bookmakers.

How to Withdraw Funds

Getting your winnings is easy! Here are the steps you have to do:

Go to your account and select withdraw
Enter the amount you wish to withdraw
Input banking details
Confirm the transaction
Wait for it to be processed

Canceling Your Withdrawal Request

If you wish to cancel your withdrawal, feel free to contact your bank via email or hotline. You may also consult your chosen bookmaker via live chat support or send an email. That way, they can process your request on their end as well.

Don’t Withdraw All Your Funds at Once

It would be a wise choice not to withdraw all your funds at once. If there are transaction errors, all your funds will not be lost all at once.

How Deposit and Withdrawal limits work

Implementing limitations on both deposits and withdrawals ensure smooth transactions for every user. Limits also vary from one bookmaker to another so you can contact your chosen site and ask questions regarding deposits and withdrawals.

Pros and Cons of Betting with Bank Transfer

Using bank transfer as a payment option is great as it has a lot of advantages. Some of them are:

Pros and Cons

✔️ Safe and secure transactions	❌ Traceable bank transactions
✔️ Works smoothly for both deposits and withdrawals	❌ May be in conflict with local gambling regulations
✔️ Can process high limit transfers

Author

Stephen Olayanju

Professional casino content writer with 5 years of experience. He has been privileged to work with many popular casino brands, which are mostly ghostwritten. He’s a casino player and punter too, and has helped many players to get most out of gambling.

Article rating

4/5

1 vote

FAQ. Frequently Asked Questions

Yes. You can use bank transfers to legally bet legally in the sites that accept this payment method.
if it is not specified in the bookmaker's payment methods list, try looking for Visa and Mastercard logos. It’s most likely that they support bank transfers if they have those.
Click the logo of your bank on the payment options and input the necessary details. That way, you’ll be able to enjoy faster transactions.
The best bank transfer bookmakers are those who offer different betting markets, attractive promotions, low fees and have a licensed. Check out our list!