Fast Bank Transfer Betting Sites – The Secure Way of Conducting Transactions

Fast Bank Transfer betting payment optionsIt would be fair to say that in the rapidly changing world of online betting, fast bank transfer betting sites are not in such high demand as you might imagine.

Web wallets and debit cards are now the order of the day, but in an attempt to cater to every bettors' requirements, betting websites that use fast bank transfer are also easy to find.

You will find that as long as a depositing method is a reputable one, sportsbooks will do everything that they can to include it in the options that are available for their customers because, at the end of the day, they need their customers to deposit funds in whatever way they can.

Some punters, for whatever reason, do not like to use web wallets in order to conduct their sportsbook transactions and you will usually find that these players are from the older generation.

They trust banks over any of the new methods of depositing, and this way of thinking is very similar to people and their bills in everyday life. Even though they could easily reduce the cost of their utility bills by changing provider, those same people would rather pay the extra and stay with providers that they are familiar with, regardless of the quality of service and the price that they are paying.

There are far more efficient ways to deposit and withdraw from your sportsbook account but if fast bank transfer betting sites is your preferred method of conducting transactions, let's take a look at what is involved.

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Betting Websites That Use Fast Bank Transfer and How to Deposit at Them

Advantages of making deposits using Fast Bank Transfer

Depositing at fast bank transfer betting sites is very straightforward. All you need to do is click on the 'deposit' or 'banking' tab of the sportsbooks where you would like to make a deposit. Click on the 'Bank Transfer' tab, and you will be given instructions on exactly what you have to do, and even though these instructions can vary slightly between sportsbooks, the guidelines are pretty similar.

The sportsbook will give you their account number and sort code, and you will have to use these alongside your own sportsbook account number as a reference. It is then a case of going to your bank and obtaining a bank transfer form, but if you take advantage of online banking, which most people do, you should be able to initiate the bank transfer from there.

Another disadvantage about online betting sites that accept fast bank transfer is that even though it is described as quick, it can actually take up to five days for the deposit to arrive in your sportsbook account and then another five days for any winnings to arrive back in your bank account.

Some bank accounts offer quicker options, but before you take advantage of them, be sure to check out any extra costs involved first.

As you can see, if funds are tight and you intend to take advantage of the best betting sites offers and promotions, it will take you an awfully long time to actually make any decent money since you will have to wait so long for the deposit to arrive into your account.

What about Cheque Bank Transfer Betting Sites?

If you thought that making a deposit into a sportsbook with a bank transfer is a little on the slow side, wait until you discover how long it takes in order to deposit by cheque.

It is actually hard to imagine why punters would make deposits in this way. Still, when you think about it, those punters who have been gambling for some time and who had accounts at the traditional UK bookmakers such as William Hill or BetVictor would prefer writing a cheque as a favoured method of depositing funds into their account. And as we have already mentioned, old habits die hard.

Best Fast Bank Transfer betting sites

Going back to how long it takes for a cheque to be credited into your sportsbook account, the estimated time is ten working days, so that is not really much use if you are looking for a fast turnover of your funds.

Most UK sportsbooks will accept a cheque payment but make sure that you look on their website as they will instruct you as to exactly who the cheque is made payable to and the usual requirement is that you will have to put your name, address and sportsbook account number on the back of the cheque.

One distinct advantage of depositing into your sportsbook account by cheque is that the limits are usually very high, in many cases up to £100,000.

So, if you are a pro punter who likes to place big bets, depositing by cheque may be worth considering. However, the common consensus within the industry is that this method will be phased out over the coming years.

It just goes to show how the general economic landscape is changing as it was not too long ago that most people would have their chequebook readily to hand in case a cheque was required. Things are different nowadays, since more and more people can't even remember the last time that they wrote a cheque, preferring the less hassle methods of contactless debit cards and paying with a swipe of their mobile phones.

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Is It Worth Getting Involved with This Depositing Method?

It would be wrong to say that fast bank transfer betting sites and betting websites that use cheque bank transfer are something that you shouldn't even consider because everyone's needs are different.

Something that many punters don't even take into consideration is that if they are making a bank transfer of a decent-sized sum, the chances are that it will be coming from their current account from which they pay their bills etc.

If this is the case, it can lead to all sorts of problems with funds that are intended to pay bills getting mixed up with betting money so unless you have a dedicated betting bank account, using fast bank transfer betting sites is something that you should think very carefully about before getting involved.

As far as cheque bank transfer betting sites go, it would only really be recommended if you have no other depositing options that are open to you, mainly because of the length of time that it takes for the funds to arrive in your sportsbook and for any winnings to arrive back to your bank account.

If it is the only option open to you though, make sure that you take the time to write the cheque properly in terms of the exact payee details along with your sportsbook account number because if you don't, it can all become a bit of a nightmare as you will have to get onto customer support in order to sort it all out.

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