- How to Sign Up for Bank Transfer
- Verifying the Bank Transfer at the Betting Site
- Depositing with Bank Transfer- A Step- By- Step Guide
- Betting Online With Bank Transfer
- FAQs about Depositing With Bank Transfer
- Security and Confidentiality
How to Sign Up for Bank Transfer
The first thing you need is a bank account. When opening a bank account, ensure that you have the transfer option, usually activated by your bank upon request.
When it’s active, you can transfer funds to your sportsbook account on the desktop, on mobile, or at the bank. Most players prefer downloading the mobile app for its convenience and freedom.
Verifying the Bank Transfer at the Betting Site
Account verification is among the most important steps of online gaming. It helps to prove your identity and that you have attained the legal age of 18 years and above. Ensure that you register in a betting site that accepts Bank transfer as a payment option.
Once you set up the account and are sure, the site offers this facility, provide the required details of your bank account. It takes around 3-5 days to verify and process your transactions.
Depositing with Bank Transfer- A Step- By- Step Guide
Depositing money direct from your bank account to your sportsbook account may take up to 5 days. As such, for fast deposits, you need to use a transaction gateway. Here is what you need to do:
- Login to your sportsbook account
- Head on to the cashier section and select Net Banking as your means of payment
- Link a payment gateway like PhonePe, Paytm, or Google Pay to your account and make instant deposits
We have systematic guides on making deposits via each of the transaction gateways above. Follow these links to learn more.
Betting Online With Bank Transfer
Bank transfer has become a popular payment method in online betting sites. Finding bookmakers that support this method has become easier than before. However, it could be challenging to find one, especially if you are new to the betting market.
Do not worry because Bettingsites24.in got your back. Our experts have come up with a list of the best Bank transfer betting sites in India. These sites have been thoroughly tested and proven safe and secure. Not only that, but Indian players are sure to have an incredible betting experience through enticing bonuses, competitive odds, and more on any of the sites.
FAQs about Depositing With Bank Transfer
It is worth noting that you can use bank transfer without Net Banking. You need to contact the support agents of your favorite betting site to enquire about their bank details. When you receive the details, you use them to make a deposit and tell them that you have made the transactions.
They will then manually add it to your account. The process is time-consuming, which is why we recommend using a transaction gateway. Here are the commonly asked questions about depositing with Bank transfer.
In most betting sites, you will have to use the same method for deposits and withdrawals. It is a safety measure since this method supports the transaction of large amounts of money. Here are the common questions about Bank transfer withdrawals.
Are there fees involved in Bank transfer Withdrawals?
Yes. Bank transfer imposes additional charges, which is why most players prefer other payment options. The sportsbook operators may also charge a small transaction fee. You can check that under the terms and conditions section.
Do I need to verify my account to make a Bank transfer withdrawal?
Yes. For security purposes, you need to verify your account to cash out your winnings. You will be required to prove your identity by providing supporting documents like ID and utility bill.
What is the processing time for Bank transfer withdrawals?
The standard processing time for Bank transfer withdrawals is 1 to 5 days. If you use Net Banking, you will receive your money instantly.
What is the minimum/ maximum Bank transfer withdrawal amount?
The withdrawal limits differ depending on your favorite betting site. The minimum amount is usually around INR8500, while the maximum amount varies.
Security and Confidentiality
The privacy and safety of personal and financial information is a major concern of players. With a Bank transfer, you are guaranteed 100% safety of all your online transactions.
Banks are responsible for maintaining and protecting the confidentiality of their customer information. As such, they utilize high -level security measures to safeguard all electronic transactions taking place between banks and betting sites. This ensures that confidential information is free from access by unauthorized parties.
Similarly, we advise Indian players to ensure that the betting sites they are signing-up for are highly reliable and secure. Most reputable bookmakers utilize high-end encryption technology to ensure the safe transfer of data over the internet to their servers. All the sites in our list have been tested by our experts and proven safe and secure.