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Online banking betting sites

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Every week, a new betting site is introduced in the United States for people to enjoy. A few years ago, people didn’t have many options when it came to choosing a payment method that they would use on a betting site. But today, you will find a betting site that accepts more than ten payment methods that you can use. One of the payment methods you will find on a betting site is online banking.

In this comprehensive guide we will go through all betting sites in the US that accept online banking, including the pros and cons of using this payment method when sports betting online.

Best online banking sports betting sites

When choosing the best online banking betting sites, there are several things that you need to consider. Firstly, make sure that it’s not an offshore sports betting site. Secondly, make sure that it’s legal in your state. Thirdly, make sure that you go through customer reviews as much as you can. Customer reviews play a major role in helping people choose a great sports betting site.

However, to help you save time, we managed to find some of the best online banking sports betting sites in the US. According to our research, these are the most trusted sports betting sites in the country, with thousands of new customers signing up every few months. Their services are great; they have excellent customer service and offer great games.

  • FOX Bet
  • BetMGM
  • Unibet
  • WynnBet
  • FanDuel
  • DraftKings
  • PointsBet
  • Caesars
  • BetRivers
  • BetWay

The two different ways of using online banking on sportsbooks

Online banking is one of the easiest payment methods to use on mobile betting apps. For some people, using internet banking on sportsbooks in the United States can be a challenge.

You may think that a lot is required or that you need to do a lot of things just to start using internet banking on sportsbooks. But the truth is, you don’t need to do much. When it comes to using internet banking on sportsbooks, there are only two different ways of using it:

  • Instant deposit using online banking. With this method, all you need to do is enter the amount you want to deposit to the online sportsbook, and a new window will open where you verify the transaction using your login to your online banking services.
  • A regular wire transfer. If you perform a regular wire transfer to the sportsbook, the operator will provide you with their bank account details, and you manually need to send them the money, either using your online bank or even by visiting your bank’s office. Doing a regular wire transfer can take up to 2 banking days, hence not many people like to use this payment method when sports betting.

How to deposit using online banking on a betting site

Not much is required in order for you to use internet banking on betting sites. All you need to do is visit the betting site, create an account, and choose online banking in the deposit section. If you’re not sure how to do it, follow the steps provided below:

  1. Register for a betting site that accepts online banking – In order for you to use online banking on a betting site, you first need to find one that accepts the payment method. Luckily, we’ve put together a list of the best betting sites that accepts online banking.
  2. Go to the cashier section – Once you have registered for a betting site that accepts online banking, the next thing you need to do is to go to the payment section.
  3. Choose online banking as your deposit method – The next thing you need to do is to choose online banking as your deposit method. Here, you’ll see a list of banks and all you need to do is to choose your bank in the list.
  4. Enter the deposit amount – Now, you need to do is to enter the amount that you want to deposit. Follow the instructions provided by the online sportsbook in order to verify the transaction, and the funds will instantly reflect in your betting account.

Can I withdraw funds using online banking from sportsbooks?

You can withdraw money from an online sportsbook in the US using online banking as long as it accepts the payment method in the first place. The process of making a withdrawal to your bank is similar to when you make a deposit, all you need to do is choose your bank in the withdrawal section and follow the instructions provided in order to verify the transaction.

Pros and cons of online banking betting sites

Knowing the advantages and disadvantages of the payment method you choose to use on a betting site is very important. Check out the list of pros and cons of using online banking on betting sites below:

Pros

  • Safe and secure
  • Fast transactions
  • Widely accepted
  • Easy
  • Keep an eye on your spending

Cons

  • The betting site will appear on your bank statement
  • Fees may apply

Online banks you can use for sports betting

Below is a list of popular banks in the US you can use for your sports betting activities online. Each and one of them has an online banking operation in place, which means that you can easily make sports betting transactions using these banks:

  • Wells Fargo
  • Citibank
  • Bank of America
  • Chase
  • Capital One Bank
  • PNC Bank
  • U.S Bank
  • Ally Bank
  • SunTrust
  • TD Bank

Online banking alternatives to use on sportsbooks

If you don’t want to use online banking for your sports betting activities, you can use some of these alternatives that are similar:

FAQ

Is using my online banking safe on betting sites?

Yes, using online banking on betting sites is completely safe. According to our research, the majority of betting sites in the United States accept online banking. However, if you are not comfortable with using the payment method, you can use alternatives like Trustly, PayPal or Neteller.

How do I check if I pay fees on online banking betting sites?

To check if you pay fees on online banking betting sites, you should first ask customer support of the sportsbook or have a look at their terms and conditions. You can also contact your bank if you want to know about fees when making transactions online.

Do all sportsbooks accept online banking?

No, not all sportsbooks accept online banking, but the majority of them do. The mainstream sportsbooks that are licensed in the US, should all accept online banking as a payment method. You can find a complete list of all sportsbooks that accept online banking at the top of this page.

How do I know if an online banking betting site is legit?

To check if an online banking site is legit, there are a few simple things that you can do. First, try and speak to the customer service team, offshore sites that are usually not legit won’t have much of a customer service team available. You can also check if the betting site is licensed. Each betting site should have its license number displayed clearly on the site.