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Best Betting Sites New Zealand » Betting Guide » Online Bookmaker With Bank Transfer
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Online Bookmaker With Bank Transfer

Publish Date:26/05/2020
Fact checked by: Cora Williams

Payment Methods For Sports Betting

With our guide to the best betting sites with bank transfer in New Zealand, you’ll find some easy ways to deposit money into a betting site in New Zealand. All of our featured sports betting sites with bank transfer can be used to successfully bet on anything from cricket and rugby to football and basketball. Plus we’ll show you how simple it is to use an online bookmaker with bank transfer to make deposits and withdrawals.

All of this is important as your choice of payment method matters a lot to the overall sports betting experience. While it’s always good to know answers to questions like ‘How does cash out betting work?’ and ‘What is Asian handicap betting?’, all of this is pretty useless unless you know how you are going to actually fund your sports bets.

So regardless of whether you want to take on the best betting sites in New Zealand with a standard sports bet or just want to use the most popular strategy for no risk matched betting New Zealand has ever seen, you’ll need to figure out your payment methods. All of which means that you should keep reading to see the benefits of using an online bookmaker with bank transfer.

Discover the best betting sites with bank transfer in New Zealand

By taking a quick look through our shortlist of the best betting sites with bank transfer in New Zealand, you will see many familiar bookmakers. This is because the vast majority of bookmakers will allow you to make deposits and withdrawals with this payment method. As a result, you could probably make a bank transfer at a betting exchange in New Zealand or even use a bank transfer to fund your bets at the best online casino in New Zealand too.

If you are wondering ‘Is online gambling legal in New Zealand?’, then you can be comforted by the fact that sports betting is fully legal at all of the bookmakers featured in our list of the best betting sites with bank transfer in New Zealand. This is because they are all fully licensed and regulated bookmakers with bank transfer.

The fact that you can make deposits at all good sports betting sites with bank transfer means that you have the freedom to pick a bookmaker well-suited to your own needs. Whether you’re asking which bookmaker is best for beginners in New Zealand or are looking for a more specialist betting site, then you’ll certainly find what you need in our list of the best betting sites with bank transfer in New Zealand.

But while it’s easy to deposit at bookmakers with bank transfer, you’ll still need to get the basics of sports betting right. So be sure to consult our online betting guide for New Zealand which will answer important questions like ‘What is 1×2 betting?’ and even tell you how betting odds are calculated so that you can put those bank transfer deposits to good use.

How to use sports betting sites with bank transfers

By picking any one of the best betting sites with bank transfer in New Zealand, you should find that it’s relatively simple to add money to your betting account. You will obviously have to have a valid bank account in order to get started, but then you should simply register your account at an online bookmaker with bank transfer.

It shouldn’t take more than a few minutes to set up your account, and once you have verified your account, you should be free to go to the cashier section. Here you will find the bookmaker presents you with a list of their accepted payment methods. You should be able to simply browse through the list of options and then select bank transfer as your preferred payment method.

Once you have done this then you should be given the account number and sort code for your bookmaker. From here you will just have to head back over to your bank’s website and set up the bookmaker as a new payee. Here you will be able to decide how much you want to deposit at the online bookmaker with bank transfer.

Bear in mind that all bookmakers will have some minimum deposit thresholds that must be met to take your payments. This could be upwards of $10 at most bookmakers with bank transfer.

After you have made your payment to the bookmaker, then it could anywhere between three and five working days for the money to show up in your betting account. However, it is worth noting that you might be able to carry out something called a fast bank transfer which can significantly speed up the whole process. You might see something similar to this at many Australian sports betting sites with bank transfer where you can use POLi to make instant deposits.

Making withdrawals from bookmakers with bank transfer

You might find that for some sports betting sites with bank transfer, this is the only payment method that you are going to be able to use to make withdrawals. It’s fairly simple to make withdrawals from bookmakers with bank transfer, as you will normally have to just head into the cashier page, click on withdrawal and then select bank transfer as your preferred withdrawal method.

Here you will have to give the bookmaker your bank details such as your account number and sort code, and then state how much you wish to withdraw. Once again, you will have to make sure that you are withdrawing more than the bookmaker’s minimum deposit amount.

Once the bookmaker has carried out all of their security checks, then they will authorise your withdrawal request. This could take some time to land in your bank account, and we have seen some bank transfers take anything up to eight to ten working days to show up from some foreign bookmakers with bank transfer.

Just remember to use the most helpful guide to making bookmaker complaints New Zealand has to offer if the online bookmaker with bank transfer is taking longer than this to process your withdrawal.

Reasons why you might want to use bookmakers with bank transfer

While making payments to sports betting sites with bank transfer might seem old-fashioned, it’s still a popular payment method for many sports fans. Here are some of the key reasons why you might wish to deposit at an online bookmaker with bank transfer.

Good choice of bookmakers

Seeing as nearly all bookmakers allow you to make bank transfer deposits, it means that the sky’s the limit in terms of which sports betting sites you choose to use. This means that your choice of sports betting odds and bonuses won’t be decided through your choice of payment provider.

Plus you might find that you can only use bank transfer as a means of withdrawal at many bookmaker sites, so it’s probably a good idea to get used to this payment method.

Easy to understand

By using the best betting sites with bank transfer in New Zealand, you won’t have to get to grips with any of the endless new range of payment methods that keep appearing. While payment brands like EcoPayz and Skrill all have their benefits, most sports fans will probably be keen to get straight into the betting action rather than setting up yet another payment account.

High deposit and withdrawal limits

It’s also worth noting that by using the best betting sites with bank transfer in New Zealand, you might enjoy being able to deposit in larger amounts than some other payment methods. The same might also apply to withdrawals made via bank transfer which means that you could look forward to withdrawing a much bigger share of your winnings in one go.

Reasons to avoid sports betting sites with bank transfer

There are some key reasons as to why many sport fans prefer using other payment methods to fund their sports bets. Here’s a look at why you might want to keep bank transfers as a last resort.

Slow processing times

Bank transfer deposits and withdrawals have some of the slowest processing times when compared to other payment methods. At best you should usually expect bank transfer payment to be processed in around three business days, but it could easily take up to three times as long as this.

Some processing fees

You might also find that both bookmakers and the banks may apply some annoying charges for each time that you use a bank transfer to fund your sports bets. While this might only be a small amount, it could still eat a hole in your profits.

Smoother payment options available

There’s also something slightly cumbersome to making bank transfer payments. Compared to using speedy alternatives like ewallets, having to go back and forth between the bookmaker’s website and your banking site does seem overly complicated. Plus there’s something unnerving about typing in your bank details at a sports betting site to make your first withdrawal.

Alternatives to using an online bookmaker with bank transfer

It’s clear that bank transfers might not be the best option for moving your money around at sports betting sites. So just as we show you how bookmakers make money, we thought that we should reveal some great alternative payment methods.

Credit cards

Most sports fans will use credit cards to fund their bets. We can show you the best betting sites with credit card in New Zealand so that you can look forward to making speedy deposits with high levels of customer security.

Ewallets

More and more punters are starting to realise that ewallets give them plenty of convenience when betting on sport. Take a look at the best betting sites with PayPal in New Zealand to see the bookmakers who accept this payment method.

Other top options for using ewallets include the best betting sites with Neteller in New Zealand, and there’s also our list of the best betting sites with Skrill in New Zealand. Another alternative would be to use any of the best betting sites with EcoPayz in New Zealand.

Cryptocurrencies

While there has yet to be widespread mainstream acceptance of cryptocurrencies, some bookmakers have started to take Bitcoin payments. So we can show you the best betting sites with Bitcoin in New Zealand so that you can discover the benefits of using this revolutionary cryptocurrency.

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