Betfred Withdrawal Times (2024)

Learn everything you need to know about withdrawals at Betfred: withdrawal time for each method, minimum withdrawal and more.

Betfred withdrawal time
Written by Isak Möller
Verified by BettingLounge team
Last updated 09/10/2024

Betfred's Fastest Withdrawal Method is Visa Direct (Within 3 hours)

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How Long Does a Betfred Withdrawal Take? Our Test Result

Of course, we made sure to test Betfred's withdrawal process ourselves and the outcome was positive, given that we received the money in our bank account after around 90 minutes. We withdrew via a Visa debit card - using the Visa Direct feature - and the bookmaker thus stuck to its word, claiming that withdrawals with this method usually arrive within 3 hours.

Betfred Withdrawal Time for Each Payment Method

Betfred is one of the most popular bookmakers in the UK and has attracted a large audience of especially football punters, having sponsored several clubs over the years. While there is little doubt about the quality of the sportsbook and casino, which we covered in our review, punters might have questions about the withdrawal times at Betfred.

Below, therefore, we have collected everything you need to know about withdrawing funds from the site. In addition to the minimum withdrawal amounts, we have listed the withdrawal time for each payment method at Betfred.

Payment Method Min. Limit Max. Limit Transaction Fee Processing Time
Visa logo
Visa
£5 £9,999 No fee 90 minutes in our test
Mastercard
Mastercard
£5 £9,999 No fee 1-5 business days
Paypal
Paypal
£5 £5,000 No fee Within 48 hours
Skrill
Skrill
£5 £6,500 No fee Within 48 hours
Neteller
Neteller
£5 £4,000 No fee Within 48 hours
Bank transfer
Bank Transfer
£25 £25,000 No fee 2 business days

What Is the Fastest Way to Withdraw Money From Betfred?

The fastest way to withdraw funds from Betfred is Visa Direct, which will have the money in your bank account within 3 hours. However, due to the way this method works, most punters do not have access to this feature. Before you sign up at Betfred just for fast withdrawals, therefore, it is worth checking if your bank supports Visa Direct.

The second-best option would be one of the e-wallets, such as the widely used PayPal, as the withdrawal will be completed within 48 hours. Usually, however, it is much faster than this. Another good thing is that all three of the e-wallets at Betfred have a minimum withdrawal amount of £5, which is lower than on most betting sites in the UK.

The slowest option, meanwhile, is bank transfer as you perhaps would have guessed already. It will take two full days to get your money with this method, which technically means that it could beat the debit cards (1-3 days). However, the latter are usually much faster and that is why bank transfers almost always will be the slowest.

How to Withdraw Funds From Betfred: The Process

If you are keen on learning more about withdrawals at Betfred, you can follow our step-by-step guide on how to withdraw funds from the site below. It is actually a very straightforward process and we tested it on the Betfred app.

  • 1

    Head Over to the Profile Section

    On the home page, tap on the ‘My Account’ tab in the middle of the bottom menu. Then, select the ‘Withdraw’ option in the menu pictured below.

    Betfred deposit 1
  • 2

    Pick Your Preferred Payment Method

    Just like with deposits, you will need to pick a payment method for the transaction. Remember that you must at least withdraw the value of the deposit to the same payment method. If you deposited £5, you will need to withdraw £5 to the same method before you can switch.

    Betfred Withdrawal 2
  • 3

    Enter the Withdrawal Details

    After picking the payment method, you will need to enter the amount you would like to withdraw as well as the details of the method, unless they have been saved already.

    Betfred Withdrawal 3
  • 4

    Tap on the green ‘Withdraw’ button

    After ensuring the details are correct, click the green ‘Withdraw’, and you will be taken to a withdrawal confirmation page. In our test, withdrawing via Visa Direct, it took around 90 minutes for the betting funds to arrive in the bank account.

    Betfred Withdrawal 4

Betfred Withdrawal Status and History

Once you have requested a withdrawal, as per our step-by-step guide above, you will be able to find the request in the 'Transaction History' section of Betfred. Here, you can view your most recent withdrawals as well as deposits. If you tap on 'Transaction Details', it will show the Transaction ID.

Betfred Withdrawal Status

This is as much as you can see with regard to the status of the withdrawal, though, so you will have to wait if the money has not arrived yet. If it does not arrive within the timeframes listed for each method above, we recommend contacting customer support at Betfred to get more information on the withdrawal status.

Betfred Withdrawal Time to Mastercard and Visa Debit

Debit cards are commonly used among UK punters when betting online. In fact, it is the most popular method and it is only natural that many have questions about the withdrawal time. In our test of Betfred, as we highlighted above, we used a Visa debit card and thanks to the Visa Direct feature, we got the money after just 90 minutes.

From experience, however, even withdrawals without the Visa Direct feature tend to be quite fast. Betting sites, including Betfred, have certainly got a lot better on this front and this is very beneficial for punters given that a debit card is by far the most convenient method.

Payment Method Min. Limit Max. Limit Transaction Fee Processing Time
Visa logo
Visa
£5 £9,999 No fee 90 minutes in our test
Mastercard
Mastercard
£5 £9,999 No fee 1-5 business days

Betfred Withdrawal Time to PayPal

PayPal remains a very popular e-wallet among punters, despite being ineligible for many welcome offers, and Betfred is one of the bookies that accept the method. Withdrawals to PayPal can take up to 48 hours at Betfred, which is a bit longer than competitors, but punters will usually have the money within just a few hours. As such, it is fast to withdraw with PayPal at Betfred.

Payment Method Min. Limit Max. Limit Transaction Fee Processing Time
Paypal
Paypal
£5 £5,000 No fee Within 48 hours

Betfred Cash Withdrawals In-Shop

Since there have been many questions about withdrawing online funds from Betfred in cash, using one of the bookie's betting shops, we asked customer support just to be sure. Indeed, it is possible to withdraw your online funds in a Betfred shop, with a maximum withdrawal amount of £250 per day unless the request is organised with the shop manager ahead of time.

Betfred Withdrawal Time FAQs

There are several withdrawal methods to choose between at Betfred: Debit Cards, PayPal, Neteller, Skrill, Bank Transfer and in-store. This selection is certainly part of the allure of signing up at Betfred.

The fastest way to withdraw funds from Betfred is Visa Direct, though this feature is only supported by selected banks. Therefore, most punters will have to rely on one of the e-wallets as the fastest way to withdraw winnings from Betfred.

The minimum withdrawal at Betfred is a mere £5, which is supported for the debit cards and the e-wallets. The maximum withdrawal, on the other hand, is £25,000 but customers will opt for a bank transfer to reach these figures.

Isak Möller
Isak Möller
Last updated: 09/10/2024

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.