What is the Bank Transfer payment system?
The Bank Transfer Payment System is a system that allows individuals with a UK bank account to transfer money to another UK bank account of a companies UK bank account. This is usually instant and can be done either online or over the phone. One of the main benefits of a bank transfer system is the fact that there is usually no charge to use it. Sometimes online bookmakers will limit the deposit methods you can use to get certain bonuses and promotions – but bank transfer is almost always one of the accepted methods. Because there are such a high number of bookmakers accepting bank transfers, promotions and bonuses can almost always be applied for when using bank transfer as a payment method.
Bookmaker Bonuses in the UK for Bank Transfer Users
As there are so many bookmakers accepting bank transfers, there are not currently specific promotional offers for anyone making a deposit in this way. All UK bookmakers give customers the opportunity to deposit and withdraw using their bank account. As this is usually instant this means that this also usually works out the quickest way for you to receive your bonus funds or free bets.
New customers that are going to use bank transfer can take advantage of the new customer bonuses on the following bookmakers’ websites:
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- CoralBet – £5 get £20
- William Hill – Bet £10 get £30
- Paddy Power – £20 risk free bet
- Betfred – Bet £10 get £30 and 30 free spins
- 888Sport – Bet £10 get £30
- Betfair – £100 free bet bundle
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How to Register and Verify as a Bank Transfer User
In most instances, verification only happens when you want to withdraw funds from your betting account. To deposit money from your UK bank account is a fairly simple process but when you come to make a withdrawal there are certain laws which require bookmakers to verify your identity. There are a number of different ways for you to verify our account, and a number of bookmakers now let you use your smartphone to send along documents. The main documents you will be asked for during the process are:
- Photo ID
- Utility bill
- Copy of debit card
Once you have provided these documents you will usually be able to make a withdrawal.
How to Deposit and Withdraw Money Using Bank Transfer
Making a bookmaker deposit and a withdrawal using your bank account is a quick and easy process. In most instances the bookmaker will have a payment system that prompts you to insert some of your bank details to make the payment or receive the withdrawal. In other cases, the bookmaker will have bank details on their website and you will be able to action a payment to them either using your online banking or your telephone banking system.
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