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When we talk about bookmakers with bank transfer, we are talking about bookmakers that offer you the classic bank transfer as a sports betting payout & deposit method for your online betting Germany. You know the classic bank transfer from your normal everyday life. In the past, this was done in paper form with transfer forms. You wrote the transfer data on the transfer, signed it and then handed it in to your bank. Your bank checked the transfer and carried it out.
In the meantime, the whole process is also managed online. In this case, you fill out an online transfer form, the bank checks it digitally and then carries out the transaction fully automatically. Even though we are talking about a digitalized form nowadays, this type of payment method takes time. Making a deposit for your sports betting with bank transfer can take several days. Some bookmakers manage to credit your deposit within 2-3 days. Still others take five days to do so.
For a bank transfer nowadays only the so-called IBAN number is needed. Before the introduction of this numerical code, both the bank code and the account number of the recipient were required for a transfer. The so-called IBAN combines these two numbers into one number combination. When we talk about bank transfers in the digital age today, we still have to compare the whole thing with offers like Sofortüberweisung or Giropay. Classic bank transfers are also used in these methods.
With the difference that these methods are carried out immediately. Although at the same time in the background actually a classic bank transfer takes place. On the aspect we go later in the alternatives again in detail, when we introduce you to the Sofortüberweisung and Giropay. The bank transfer as a payment method must be offered by every bookmaker. Because at the latest when deposits are made with deposit methods that cannot be paid out (Sofort, Paysafecard), the bookmaker must pay out to the bank account. Therefore, all reputable and serious bookmakers support both deposit and withdrawal with bank transfer.
If you want to pay sports betting with bank transfer, it works no differently than any other deposit at your bookmaker. The only difference is that a deposited balance is immediately available to you at sports betting with instant bank transfer, the classic bank transfer process takes some time. Bank transfers are something for patient people. Did you know that in Switzerland a new gambling treaty takes effect, which forces online providers that are legal there to pay out exclusively to a Swiss bank account? That is, the gambling colleagues from the neighboring country are forced to always pay out in a very slow method.
If you want to pay your sports bets with bank transfer, you want to make a deposit with the method. To do this, go to your player profile and the cashier area. There you select the bank transfer as the deposit method. The bookmaker will now show you his personal IBAN. You must now make a bank transfer to this IBAN. Either in the classic way with pen and paper and a transfer form. You fill it out and drop it into the transfer box of your bank.
Or you can make it easy for yourself by calling up your bank’s online banking service and filling in the transfer form. Then you send it digitally to your bank. In both cases, the bank checks the transfer briefly and then carries out the transaction. It usually takes 2-3 business days until the funds are available and you can place your first bets with them. This is one of the main reasons why few customers nowadays still rely on this method.
If, on the other hand, we look at the payout for sports betting with bank transfer, it looks like this: You switch to the cashier profile. Before you do this, take a look at the bonus overview and see if you have successfully fulfilled the turnover requirements of the bonus. If this is not the case, take care of it. Otherwise, you would deactivate the bonus and all winnings earned with it via the withdrawal. As for the withdrawal method, if you deposited by bank transfer, you have no other option but to withdraw to the bank transfer. By the way, this applies to all methods: In Germany, bookmakers must abide by laws to prevent money laundering.
This means that the first payout will be made to the method that was used for the first deposit. In some cases, you have to enter your IBAN in the withdrawal profile. In most cases, this data is already stored, since the bookmaker has received a deposit from you. You specify the desired amount and initiate the withdrawal. The bookmaker checks this. He may require that you perform a proof of identity. More about this later. After that, he initiates the transaction. In the case of withdrawals, bank transfers may take even more time. With some bookmakers, they take up to five business days.
If you have chosen the bank transfer payment method for your online sports betting Germany betting offers, you have indeed chosen the slowest method you can find in the segment. But at the same time you have also chosen the most cost-effective one. Because often the bank transfer does not cost any additional fees. While your credit card company charges you fees when you transfer money from your credit card account to your bank account, or you have to pay a small fee for PayPal withdrawals, sports betting with bank transfer is often the method that does not charge any fees at all.
Now this puts the slow availability and crediting of funds into perspective a bit. In this case, we cannot guarantee a blanket exemption from fees. We present you in the test category payment methods in the individual practical tests of the bookmakers exactly which fees are incurred. This way, you can see at a glance whether your favorite bookmaker offers the classic method free of charge or whether you might even have to pay additional special fees for bank transfers.
As already briefly mentioned, we are talking about the classic deposit method for sports betting with bank transfer. When you make a deposit with this method, it looks like this: You choose a classic paper form and a transfer slip, which you sign and hand in at the bank. Then the deposit process can take up to five business days. In this case, keep in mind that no one works at your bank on weekends. This means that if you send in the transfer form late on a Friday afternoon, it will usually not be processed until Monday.
I.e., alone by the weekend three days time are accumulated. Depending on how fast your bank works and how many transfer forms accumulate in your mailbox over the weekend, manual processing will also take time. Assume at least two working days. In exceptional cases, the bank may work faster. As a rule, we are talking about an average of three days.
You realize: If you plan to bet on an important Bundesliga match tonight and there are no funds in your player account, then this is certainly not the right way to deposit funds quickly. Because if you would choose bank transfer for the classic deposit, then your funds would probably be available to you only a few days later. By then, the game you want to bet on will be over. The worst part is that you will have missed out on a lucrative betting option. With withdrawals, you can expect a similarly long processing time. With reputable bookmakers, you usually have to provide proof of identity for the first withdrawal.
This involves matching your login details with those on your ID card. This process can also take a few days. For example, if you plan to clear an offer from our sports betting bonus comparison, then it will take a few days until your credit and the bonus balance are available. Until then, you have to be patient and cannot start fulfilling turnover requirements.
Probably one of the most decisive advantages of the providers from our betting provider comparison 2023 that offer you sports betting with bank transfer is that we are talking about a very secure method. For example, if you bet on the classic bank transfer, then you verify it with a signature. The bank verifies this signature with the signature of yours deposited with the bank. Only if there are no inconsistencies, the transfer will be executed.
We are talking about one of the most secure methods. Criminals would have to forge your signature to make a transfer to your country. The method is supported by all bookmakers, which is also an advantage. And of course, you can do it not only from the bookmakers’ desktop sites, but also from their mobile offerings, such as a football betting app.
Anyone who has a bank account available can use this payment method. The bank transfer is, so to speak, a function of a classic bank account, which must be provided to every citizen of Germany. We are talking about the classic among payment methods when money is to be transferred. Another advantage is that all providers from the online casino comparison 2023 and casino bonus comparison also support this method. If the method is excluded, for example, when activating a sports betting bonus or casino free spins, which can happen very rarely, we will inform you about it in the corresponding bonus guide.
You should generally call this up before you activate a bonus. In it, we explain whether you need to use a bonus code. And our editors will show you how you can easily fulfill the turnover requirements. They provide you with instructions that you can follow. This element clearly sets us apart from the competition.
Terms and Conditions Apply.
Terms and Conditions Apply.
Terms and Conditions Apply.
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