Betfred Minimum Deposit Guide 2026: Methods & Limits
Betfred's minimum deposit is nice and low at £1, but only a few payment methods are accepted by the bookie: Visa, Mastercard, Revolut and Instant Bank Transfers.
Below, we break down all deposit options, fees, limits, and which ones qualify for the welcome bonus.
Betfred Deposit Methods and Terms
Betfred has been in the gaming industry for a long time and thanks to various sponsorships throughout the years, it is now one of the most recognisable betting brands. When looking at the deposit situation, however, this might not be that obvious.
The bookie used to offer a lot of payment methods, including e-wallets like PayPal, but you can now only deposit with debit cards and Instant Bank Transfers. Below, we have collected everything you need to know about Betfred and depositing funds, from the payment methods accepted to the specific terms for each.
| Payment Method | Min Deposit | Max Deposit | Deposit Fee | Processing Time | Triggers Bonus |
|---|---|---|---|---|---|
 Visa | £5 | Not specified | No fee | Instant | |
 Mastercard | £5 | Not specified | No fee | Instant | |
 Revolut | £5 | Not specified | No fee | Instant | |
 Instant Bank Transfer | £5 | Not specified | No fee | Instant | |
 Bank Transfer | £85 | Not specified | No fee | Instant |
Betfred Welcome Offers
| Operator | Welcome Offer | Bonus Code | Claim Offer | |
|---|---|---|---|---|
 | Betting Offer Bet £10 Get £50 in Free Bets | BETFRED50 | Claim Offer | New customers only. Register, deposit with Debit Card, and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets within 10 hours of settlement. 7-day expiry. Eligibility exclusions & T&Cs Apply. |
| | Casino Offer Stake £10 Get 200 Wager Free Spins | No code required | Claim Offer | New customers only. 1+ deposit with Debit Card. Opt in and stake £10+ on Casino slots within 30 days of reg. Max 200 Free Spins. Credited within 48 hours. 7-day expiry. Game restrictions apply. Email/SMS validation may apply. T&Cs Apply. |
| | Bingo Offer Bet £10 Get £10 + 100 Free Spins | BINGO100 | Claim Offer | New customers only. Register with promo code BINGO100. Minimum deposit and stake £10 on Bingo Tickets within 14 days to qualify. £10 Bingo Bonus must be wagered through once. 14-day expiry. Bonus Balance is used prior to Cash Balance. 100 Free Spins on selected Slots credited within 48 hours of qualification. Free Spins expire after 7 days. E-Wallet & Prepaid Card restrictions apply. SMS validation may be required. Full T&Cs apply. |
| | Lottery Offer Play £5 Get £20 in Free Play | LOTTO20 | Claim Offer | New customers only. Use promo code LOTTO20. Deposit with Debit Card & stake £5 on Lotto or Numbers draws within 7 days. First bet must be on Lotto or Numbers draws. £20 in Free Bets to be used on Lotto or Numbers draws, credited within 24 hours. Free Bet amount is not included in any return and expire after 7 days. Payment restrictions apply. SMS validation may be required. Betfred Lotto is fixed odds betting on an outcome of an official lottery draw or numbers game. Full T&Cs apply. |
How to Deposit at Betfred
If you are unfamiliar with the deposit process at Betfred, you can follow our step-by-step guide below. It should be noted that we tested the deposit process on the bookie's app.
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Head Over to the Deposit Section
Once you have opened the app, or the Betfred website for that matter, tap on the deposit button in the top right-hand corner of the screen.
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Pick Your Preferred Payment Method
After navigating to the deposit section, you will have the option to choose your payment method. The minimum deposit amount is the same for all of these except Neteller, which requires at least £5.50 instead of £5.
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Enter the Deposit Details
In this step, you will need to provide the details of the payment method that you opted for in the previous step. For example, we had to fill in the card details in our test, as you can see in the image below.
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Tap On the Green ‘Deposit’ Button
Enter the amount you would like to deposit and click the green ‘Deposit’ button. Once this has been done, you will be able to begin betting.
Betfred Minimum Deposit
The minimum deposit at Betfred is set at a generous £5 and thus allows punters to place bets without putting too much on the line. It is also one of the best betting sites that accept such low deposits, thanks to all of its sportsbook features.
Having said all of this, in order to claim the Betfred welcome offer, you will need to deposit at least £10 with a debit card. Of course, you could do this the first time and then opt for £5 deposits after that, so it is not a huge drawback for new customers signing up (especially considering the great rewards).
Betfred Deposits Using Debit Cards
As already mentioned, partners will need to use this method to claim the welcome offer at Betfred. The deposit also has to be a minimum of £10, even though the minimum deposit amount for debit cards at Betfred is £5. No maximum is specified by the bookmaker.
| Payment Method | Min Deposit | Max Deposit | Deposit Fee | Processing Time | Triggers Bonus |
|---|---|---|---|---|---|
| Visa | £5 | Not specified | No fee | Instant | |
| Mastercard | £5 | Not specified | No fee | Instant |
Betfred Deposits Using PayPal
As of January 2026, it is no longer possible to deposit funds at Betfred with PayPal. The bookie has decided to focus solely on debit cards and Instant Bank Transfers instead, also renewing PayPal's e-wallet competitors Neteller, Skrill and Paysafecard.
Betfred Deposit FAQs
What's the minimum deposit on Betfred?
Can I put money on my Betfred account in the shop?
How do I change the deposit limit on Betfred?
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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.