Min Deposit | £1 |
---|---|
Triggers Bonus | |
Min Withdrawal | £1 |
Withdrawal Time | 2 minutes in our test |
Deposit | £5 - £2,000 |
---|---|
Triggers Bonus | |
Min Withdrawal | £5 |
Withdrawal Time | Within minutes |
Min Deposit | £20 |
---|---|
Triggers Bonus | |
Min Withdrawal | £20 |
Withdrawal Time | Usually instant |
Deposit | £5 - £99,000 |
---|---|
Triggers Bonus | |
Withdrawal | £5 - £33,000 |
Withdrawal Time | Instant in our test |
Min Deposit | £20 |
---|---|
Triggers Bonus | |
Min Withdrawal | £20 |
Withdrawal Time | Up to 3 business days |
Deposit | £1 - £5,000 |
---|---|
Triggers Bonus | |
Min Withdrawal | £1 |
Withdrawal Time | Within 24 hours |
Deposit | £5 - £2,000 |
---|---|
Triggers Bonus | |
Min Withdrawal | £5 |
Withdrawal Time | Instant in our test |
Deposit | £10 - £3,000 |
---|---|
Triggers Bonus | |
Min Withdrawal | £10 |
Withdrawal Time | Within minutes |
Min Deposit | £20 |
---|---|
Triggers Bonus | |
Min Withdrawal | £20 |
Withdrawal Time | Usually instant |
Min Deposit | £20 |
---|---|
Triggers Bonus | |
Min Withdrawal | £1 |
Withdrawal Time | Within minutes |
Deposit | £10 - £2,000 |
---|---|
Triggers Bonus | |
Withdrawal | £10 - £2,000 |
Withdrawal Time | Within 24 hours |
Min Deposit | £5 |
---|---|
Triggers Bonus | |
Min Withdrawal | £10 |
Withdrawal Time | Instant |
Min Deposit | £1 |
---|---|
Triggers Bonus | |
Min Withdrawal | £1 |
Withdrawal Time | A few minutes |
Deposit | £10 - £20,000 |
---|---|
Triggers Bonus | |
Withdrawal | £10 - £35,000 |
Withdrawal Time | Instant |
Deposit | £10 - £1,000 |
---|---|
Triggers Bonus | |
Min Withdrawal | |
Withdrawal Time |
Deposit | £10 - £10,000 |
---|---|
Triggers Bonus | |
Min Withdrawal | £10 |
Withdrawal Time | Within 12 hours |
Min Deposit | £5 |
---|---|
Triggers Bonus | |
Min Withdrawal | £5 |
Withdrawal Time | Instant |
Min Deposit | £1 |
---|---|
Triggers Bonus | |
Min Withdrawal | £1 |
Withdrawal Time | Within 24 hours |
Min Deposit | £10 |
---|---|
Triggers Bonus | |
Min Withdrawal | £10 |
Withdrawal Time | 0-2 business days |
Deposit | £10 - £1,000 |
---|---|
Triggers Bonus | |
Min Withdrawal | |
Withdrawal Time |
Min Deposit | £10 |
---|---|
Triggers Bonus | |
Min Withdrawal | £10 |
Withdrawal Time | 1-3 business days |
Min Deposit | £10 |
---|---|
Triggers Bonus | |
Min Withdrawal | £10 |
Withdrawal Time | Up to 4 days |
Min Deposit | £10 |
---|---|
Triggers Bonus | |
Min Withdrawal | £10 |
Withdrawal Time | Up to 5 days |
Min Deposit | £5 |
---|---|
Triggers Bonus | |
Min Withdrawal | £5 |
Withdrawal Time | Usually instant |
Deposit | £10 - £5,000 |
---|---|
Triggers Bonus | |
Withdrawal | £10 - £5,000 |
Withdrawal Time | Within Hours |
We have picked out some of the best Instant Banking betting sites below, based on our own experience of using their cashiers to deposit and withdraw funds.
William Hill has long been our favourite bookmaker when it comes to payment methods, both for the number of them accepted and for the speed of withdrawals. As most of you will know, this is combined with a tremendous sportsbook and an impressive app.
The minimum amount for deposits with instant bank transfers is set at £5, and it's the same when you want to withdraw funds. The maximum amounts are also very high, which is a good thing, coming in at £99,000 and £33,000 respectively.
Seeing as William Hill has a generous welcome offer (which does require a promo code), the fact that you can claim it with instant bank transfer is great news. More and more bookies are accepting the method for offers now, but kudos still.
Finally, we put the instant banking feature to the test ourselves at William Hill and got the money, you guessed it, instantly. Some bookies actually don't live up to the name (which we will get to), so the result was nice.
Pros
Minimum Deposit | £5 |
---|---|
Deposit Processing Time | Instant |
Minimum Withdrawal | £5 |
Withdrawal Processing Time | Instant in our test |
Ladbrokes has one of the most recognisable logos in the UK, if not the world, and the high praise it usually receives is certainly justified. From the impressive sportsbook to the top-rated betting app, there is indeed a lot to like.
Instant bank transfers are available on the site and the terms are the same as its sister site Coral, which is on this list as well. This means that punters can deposit and withdraw just £5, while the maximum is £2,000 for deposits (a little low, maybe).
In terms of the welcome offer, a few methods that cannot be used are mentioned in the T&Cs but instant bank transfer isn't one of them, meaning you can claim the offer with the method. Considering just how generous it is, that is good news.
We also put Ladbrokes and instant bank transfers to the test, withdrawing £5 ourselves and we were pleasantly surprised by the result. Indeed, as the name suggests, we got the money in our bank account instantly.
Pros
Minimum Deposit | £5 |
---|---|
Deposit Processing Time | Instant |
Minimum Withdrawal | £5 |
Withdrawal Processing Time | Instant in our test |
Compared to the other sites here, it's clear that AK Bets is a bit of an outsider. The site was launched as recently as 2023 and uses Playbook Gaming for its platform. However, there is a lot to like despite the infancy.
Instant banking is one of those things, with a minimum deposit amount of just £1 and no maximum specified. The same minimum amount applies to withdrawals as well and that alone is a huge positive, considering the 'major brands' all have a £5 limit.
Furthermore, although you could argue AK Bets doesn't have the best welcome offer on the market, it can still be claimed with the method. It's possible that it could be improved down the line and then, the benefits would be obvious.
Of course, rather than taking the bookie's word for it, we also tested the withdrawal time with the method. We got our money in the bank account after 2 minutes, so we have no complaints about using instant bank transfers at AK Bets.
Pros
Cons
Minimum Deposit | £1 |
---|---|
Deposit Processing Time | Instant |
Minimum Withdrawal | £1 |
Withdrawal Processing Time | 2 minutes in our test |
Coral is one of the most popular betting sites around and Instant Banking has been offered for quite some time. The minimum deposit and withdrawal amount is set at a low £5, while the maximum is £2,000 for deposits and unspecified for withdrawals.
On the site, punters can find tons of good promotions - such as Football Super Series - and odds are regularly boosted by the bookie. The sportsbook also has one of the nicest layouts in the business, with a good mix of different sports and top events on the homepage.
Previously, Coral stated that a debit card deposit was needed to claim the generous welcome offer on the site. However, this has now been changed and punters can thus claim it with Instant Banking, which is fantastic news.
Given that Ladbrokes had the money in our account instantly in our test, you would imagine that Coral is just as fast (after all, they run the same systems). That said, we haven't tested it ourselves yet.
Pros
Cons
Minimum Deposit | £5 |
---|---|
Deposit Processing Time | Instant |
Minimum Withdrawal | £5 |
Withdrawal Processing Time | Within minutes |
Kwiff is still an up-and-coming site in the UK, having decided to take on a slightly more 'niche' role at the expense of fast growth. In fact, Kwiff initially launched as an app-only bookmaker but eventually, a desktop version was added as well.
In addition to the app element, the Supercharged promotion (surprise odds boosts) is what makes Kwiff stand out from the rest. As for instant bank transfers, the bookie was one of the first to implement the method.
The minimum amount is higher for both deposits and withdrawals at £10, while there is a £3,000 maximum limit for deposits. Clearly, that minimum amount will have to come down by £5 for Kwiff to fully compete.
At the very least, the welcome offer can be claimed with the method and we imagine that is something many will do. The withdrawal time is supposed ot be instant, but we haven't tested it ourselves just yet.
Pros
Cons
Minimum Deposit | £10 |
---|---|
Deposit Processing Time | Instant |
Minimum Withdrawal | £10 |
Withdrawal Processing Time | Within minutes |
Instant Banking is a relatively new feature for online payments, especially in the gambling world, which essentially cuts out the middleman and makes transfers nearly immediate. This open banking solution works in a similar way to Trustly, which is also accepted on several betting sites, but new technology has made the process even faster.
Indeed, the Instant Banking referred to here is powered by the open banking company TrueLayer, which is approved by the FCA (Financial Conduct Authority) in the UK. Having become completely compatible with the major banks in the UK, including Barclays and HSBC, TrueLayer is the most convenient open banking solution for all parties involved.
Almost all of the best betting sites now accept Instant Bank Transfers and it is believed that this will become the No.1 payment method soon among punters. It is easy to understand why since both deposits and withdrawals are near-immediate with the method. It is also a very safe method, which we will come on to.
The perks of using Instant Banking are quite obvious, such as the withdrawals being incredibly fast, but there are also some cons that punters should be aware of.
No new technology is perfect but, having said that, we still feel that this method will be incredibly popular moving forward. Without further ado, below are the pros and cons.
Security: The Instant Banking technology, more specifically the TrueLayer one, has been through rigorous tests and has been approved by the FCA in the UK. In fact, industry experts consider Instant Banking to be safer than debit cards as the payments are authenticated directly with the bank.
Fast Withdrawals: This is the biggest perk of using Instant Bank Transfers on betting sites, as withdrawals usually are completed within a few seconds/minutes. In other words, it is the fastest method available right now and without any competition, as even Visa Direct tends to take a few hours at least.
Low Minimum Amounts: Since Instant Banking is both inexpensive and convenient for betting sites to use, the minimum amounts are usually lower for both deposits and withdrawals when using this method.
Limited Availability: Almost all of the most prominent betting sites now accept the method, as stated, but you will not find it on many of the new betting sites. This is the case with most payment methods in fairness, such as PayPal, but it is still worth mentioning and perhaps a bit ironic as the method is all about being 'open'.
Welcome Offer Ineligibility: As highlighted above, some of the betting sites that accept Instant Bank Transfers also allow punters to claim the welcome offers with this method. Unfortunately, this is not always the case as betting sites still have a tendency to restrict the offers to debit cards only.
New Technology: Open Banking remains a relatively new technology and potential issues cannot be ruled out. We are not talking about security, as the technology has been through rigorous tests on that front, but sometimes punters might not be redirected to the bank app when attempting a deposit.
If you have not deposited or withdrawn with Mastercard on a betting site before, you can follow our step-by-step guide below. The process is very straightforward, so you should have no issues regardless.
Of course, the first step is to pick a betting site that accepts Instant Banking for deposits and withdrawals. We have made life a little bit easier for you by listing these sites at the top of this page, so take a look and choose the bookmaker you prefer.
After picking a betting site, and perhaps even registering on the latter, head over to the cashier and browse the payments available. The image below is from William Hill's deposit cashier and you can see Instant Bank Transfer at the very top.
Now, you will need to enter the amount you would like to deposit/withdraw. You will be asked to choose your bank from the list of accepted banks. All the major banks in the UK support the technology, so there are no worries on that front.
Once you have entered the amount, selected the bank and clicked through to continue the process, you will be redirected to your bank's app. If you are depositing on a desktop, there will be a QR code to scan with your phone.
In the bank app, you will need to double-check the information and authorise the payment. That's it! Now the money will be in your account.
After you have finished your deposit, you will be (sometimes) taken to the online version of the bookmaker. This is not uncommon; it is just a redirect from the Instant Banking process. So, do not worry if it does!
In most cases with Instant Banking, the withdrawal process is the exact same as normal. Put simply, you will not need to verify anything with your bank about a payment into your account. So, this should not be a daunting task.
Of course, most bookmakers will try and get you to withdraw with the same method as last used, so just be wary of this if you are looking to withdraw differently.
Like everyone else, we wondered if Instant Banking actually meant that you would get your withdrawals instantly. We have done multiple tests with the method and can confirm that most of the time, it lives up to the name, even if some tests took longer than expected.
Being a new method, relatively speaking anyway, there are bound to be some issues to solve. We have listed two of the most comments ones below.
Isak is an experienced content writer with a background in sports journalism. Having focused mainly on football in the past, he certainly knows a thing or two about the betting industry and what makes a good bookie. At BettingLounge, he makes sure that the content is up-to-date and presented in the best way possible.