Instant Banking Betting Sites

Find and compare the best betting sites that accept Instant Banking in the UK. Read our guide on how Instant Bank Transfers work on betting sites: how to deposit, minimum amounts and welcome offer eligibility.

Instant Banking betting sites
Written by Isak Möller
Verified by BettingLounge team
Last updated 10/09/2024

Best Betting Sites That Accept Instant Banking

United Kingdom UKGC Licensed
Tested & Approved by BettingLounge
Affiliate Disclosure
Coral
Our Score: 9/10
Bet £5 Get a £20 Free Bet
Instant Bank Transfer Accepts Instant Bank Transfers
  • Great Betting Apps
  • Exclusive Welcome Bonus
  • Low betting margins
18+ New UK & ROI Customers only. Min deposit £5. Min first £5 bet at minimum odds 1/2 to qualify for 1x 20 free bet. Certain deposit methods and bet types excl. Free bet valid for 7 days, stake not returned. Restrictions + T&Cs apply.
Ladbrokes
Our Score: 9/10
Bet £5 Get £20 in Free Bets
Instant Bank Transfer Accepts Instant Bank Transfers
  • Top Tier Betting Apps
  • Exclusive Free Bets Bonus
  • Great Promotions for All Customers
18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first £/€5 bet within 14 days of account reg at min odds 1/2 to get 4x £/€5 free bets. Free bets valid for 7 days, stake not returned. Restrictions + T&Cs apply.
William Hill
Our Score: 9/10
Bet £10 Get £30 in Free Bets
Instant Bank Transfer Accepts Instant Bank Transfers
  • Comprehensive Sportsbook with Live Streaming
  • Top-tier Betting Apps
  • Daily Odds Boosts
18+. Play Safe. New customers using Promo code R30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 3 x £10/€10, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. See full terms. www.begambleaware.org #ad
Kwiff
Our Score: 7/10
Bet £10 Get a £30 in Free Bets
Instant Bank Transfer Accepts Instant Bank Transfers
  • BettingLounge Exclusive Bonus
  • New Sports Betting App
  • Supercharge your Odds!
Qualifying bet of £10 at min. odds 2.0 within 5 days of registration, E/W excluded. Get 3 x Free Bets: 1 x £10 Football, 1 x £10 Racing, 1 x £10 Acca (Min 4 selections). 7-day expiry. New selected customers & 18+ only. Min. deposit of £10. Full T&Cs apply. Please Gamble Responsibly.
CopyBet
Our Score: 7/10
Bet £10 Get £50 in Free Bets
Instant Bank Transfer Accepts Instant Bank Transfers
  • Brand New UK Betting Site
  • BettingLounge Exclusive Bonus
  • Official Betting Partner of QPR
Full T&Cs apply. New UK customers only. The qualifying bet should be either 1 Single or Accumulator (2+ selections) bet, start at £10, and have 1.9 or greater odds. 5 Free bets include: 1 x £10 Free bet on horse racing, 1 x £10 Free bet on football, 2 x 10 Free bet in-play, 1 x £10 Free bet Acca. Max payout – £500. 7 day expiry. 18+ only. Begambleaware.com.
Betway
Our Score: 8/10
£30 matched Free Bet if your first Acca loses + 100 Free Spins on Gold Blitz
Instant Bank Transfer Accepts Instant Bank Transfers
  • BettingLounge Exclusive Bonus
  • High Odds
  • Great Promotions for Existing Customers
*New UK customers only. Min Stake: £5. Maximum Free Bet: £30. First bet on a Football or Horse Racing multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. 100 Free Spins on Gold Blitz (£0.10 per spin) credited on settlement of qualifying Acca bet. No wagering requirements on free spin winnings. Debit Card deposit only (exclusions apply). This offer is valid 7 days from the new account being registered. 18+ BeGambleAware.org. Bet the Responsible Way. Full terms apply.
LeoVegas
Our Score: 7/10
Get up to £100 Extra with 100% Profit Boost
Instant Bank Transfer Accepts Instant Bank Transfers
  • Comprehensive Sportsbook
  • Top-tier Mobile Betting
  • Trusted Operator
New reg only. Claim by placing a min deposit £10 via ‘My Offers’ page within 30 days. 7 days to stake max £10 in-play, min odds 1/1 (2.0). Max. extra winnings £100. Once claimed, 30-day expiry. Cashed out, System & EW bets do not qualify. Other Promotional Play Restrictions Apply. T&Cs apply. 18+ BeGambleAware.org.
SBK
Our Score: 8/10
Bet £10 Get £40 in Free Bets
Instant Bank Transfer Accepts Instant Bank Transfers
  • BettingLounge Exclusive Sign Up Bonus
  • Brand New Sports Betting App
  • Highest Betting Odds in the Industry
New UK customers only. Min £10 first deposit using Debit Card or Bank Transfer. Place a bet of £10 at min odds of 2.0 and get a £10 Football Bet Builder token upon settlement. A £10 Multiple token, a £5 Horse Racing Multiple token and a £5 Football Bet Builder token will be credited after 24 hours. A further £10 Free Bet token will be credited 48 hours after the qualifying bet has been settled. Full T&Cs apply.18+. GambleAware.org.

Top Bookies That Accept Instant Banking

💻 Operator 💳 Accepts Instant Banking 💰 Claim Welcome Offer with Instant Banking 🔢 Minimum Instant Banking Deposit/Withdrawal 👉 Visit Site
William Hill
William Hill
£5/£5 Bet with Instant Banking
Kwiff
Kwiff
£10/£10 Bet with Instant Banking
CopyBet
CopyBet
£10/£10 Bet with Instant Banking
Coral
Coral
£5/£5 Bet with Instant Banking
Ladbrokes
Ladbrokes
£5/£5 Bet with Instant Banking

What is Instant Banking?

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.

Pros and Cons of Using Instant Banking

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.

How to Deposit and Withdraw With Instant Banking

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.

  • 1

    Pick a Betting Site That Accepts Instant Banking

    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.

  • 2

    Browse the Payment Methods and Choose Instant Bank Transfer

    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.

    William Hill Methods
  • 3

    Enter the Amount and Choose Your Bank

    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.

  • 4

    Confirm the Transaction in the Bank App

    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.

Best Instant Banking Betting Sites in the UK & The Terms

Coral

Coral Instant Banking Deposit and Withdrawal Terms

Coral is one of the most popular betting sites around and Instant Banking has been offered for quite some time. The method cannot be used to claim the welcome offer, as it requires a debit card, but the minimum deposit as well as withdrawal amounts are at least low at £5.

Coral Instant Banking
Instant Bank Transfer
Minimum Deposit £5
Deposit Processing Time Instant
Minimum Withdrawal £5
Withdrawal Processing Time Within minutes
Ladbrokes

Ladbrokes Instant Banking Deposit and Withdrawal Terms

Being a sister site of Coral, the terms are exactly the same for Instant Banking deposits and withdrawals at Ladbrokes. In other words, punters can deposit and withdraw just £5 with the method and that is indeed great news.

Ladbrokes Instant Banking
Instant Bank Transfer
Minimum Deposit £5
Deposit Processing Time Instant
Minimum Withdrawal £5
Withdrawal Processing Time Within minutes
William Hill

William Hill Instant Banking Deposit and Withdrawal Terms

William Hill is one of the best for deposits and withdrawals, without a doubt, and Instant Banking is an option for both of these. As you can see in the image below, this is also the method that the bookmaker recommends.

The minimum deposit amount for Instant Bank Transfers is set at £5 and the same goes for the minimum withdrawal. The maximum amounts are good too at £99,000 and £33,000 respectively.

William Hill Methods
Instant Bank Transfer
Minimum Deposit £5
Deposit Processing Time Instant
Minimum Withdrawal £5
Withdrawal Processing Time Within minutes
CopyBet

CopyBet Instant Banking Deposit and Withdrawal Terms

CopyBet may not be our favourite betting site, but its journey to the top has been commendable and the bet £10 get £50 offer is one of the main reasons for that. These days, in order to claim said offer, punters must deposit with Instant Bank Transfer and the minimum amounts are set at £10.

CopyBet deposit 2
Instant Bank Transfer
Minimum Deposit £10
Deposit Processing Time Instant
Minimum Withdrawal £10
Withdrawal Processing Time Instant (within minutes)
Kwiff

Kwiff Instant Banking Deposit and Withdrawal Terms

Kwiff is still an up-and-coming site in the UK but thanks to a recently improved welcome offer, as well as Instant banking being accepted, more punters are bound to sign up. The minimum amount is higher for both deposits and withdrawals at £10, while there is a £3,000 maximum limit for deposits.

Instant Bank Transfer
Minimum Deposit £10
Deposit Processing Time Instant
Minimum Withdrawal £10
Withdrawal Processing Time Instant

How Long Instant Banking Withdrawals Take

Punters who like fast withdrawals should definitely use betting sites with Instant Banking, seeing as the money is in the bank account within just a few minutes. It is the fastest withdrawal method available in the UK, by far as well, and the method's quick as well as easy process also makes it a very good option for depositing funds.

The speed is all thanks to the open banking technology as the transactions are made directly between the betting site and the bank. Debit cards, meanwhile, go through Mastercard or Visa and can thus take up to three business days. Instant Banking is also considered to be a safer method than debit cards.

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. At BettingLounge, Isak makes sure that all of the content is up to date, specialising in reviews of UK betting sites.