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Quick and easy access to winnings is a must for anyone who regularly bets. Identifying the fastest-paying betting site is difficult, as most offer similar payment methods and payout times are generally identical.

As new and varied payment options have become available in recent years, the time it takes to get your cash has generally reduced. Picking the correct payment method is critical, as some can delay access to your winnings by as much as a week.

The 2023 UK Bookmaker Awards ranked the most reputable betting sites in several betting-related categories, including which gave customers the best banking experience. These are the most popular betting offers from some of the betting sites that ranked highly in the banking category.

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Betting sites with the best banking experience – 2023 UK Bookmaker Awards Verdict

There’s little to no difference between each betting site regarding withdrawal times. However, the overall banking experience can vary heavily. The results of the 2023 UK Bookmaker Awards give an insight into which site offers the highest quality banking options to customers.

The annual awards are organised by leading sports media company Better Collective, which ranks the most reputable bookmakers in several categories. Each award winner is chosen using extensive market research, customer interviews and long-term data collection.

Sportingbet came out on top and claimed the 2023 award for Best Banking. Their victory is likely due to their extensive payment options. Other big names like Coral, Ladbrokes and Unibet finished inside the top five of the very competitive rankings.

Get A £20 Free Bet When You Bet £5
18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 to get 1x £20 free bets. Free bets available to use on selected sportsbook markets only. Free bets valid for 7 days, stake not returned. Restrictions + T&Cs apply. 
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How do I withdraw money from a betting site?

1. Complete account verification

Betting sites require you to complete an account verification to ensure you can bet with them before withdrawing. You can usually access the verification process via the My Account screen or its equivalent. You must upload some form of ID to prove your registration details are correct. The verification can take a few days to complete, but typically only takes a few hours.

2. Initiate a withdrawal

You need to access the wallet screen, or it’s equivalent to initial a withdrawal. This can generally be done by clicking on your account balance. From here, you can select how much you want to withdraw, and you’ll see how long it will take to get your cash. Due to anti-money laundering laws, all withdrawals will be processed using the same method as your deposits.

3. Bookmaker process withdrawal.

The bookmaker will then process your request and start getting you your funds. You may receive an e-mail when a withdrawal is initiated and when the withdrawal hits your chosen payout method.

Which bookmaker has the fastest withdrawal times?

As stated above, withdrawal times are highly similar across the major betting sites. Your payment method is the most significant factor in how long it takes to get your winnings.

What are the fastest payment methods on betting sites?

Using a betting site that offers these payment methods ensures you will get your cash as quickly as possible.

E-wallets – PayPal, Skrill, Neteller

E-Wallets have become increasingly popular with bettors in recent years as they offer the lowest deposit and withdrawal time available on most betting sites. Using an electronic wallet, like Paypal or Neteller, can give you access to your winnings in hours instead of days with other payment methods.

Debit cards – Visa, Mastercard, Maestro

Using your debit or credit card is one of the fastest ways to fund and withdraw from your account on every betting site. Deposits are instant, and withdrawals from most betting sites take less than 48 hours. Almost every bookmaker supports Visa and Mastercard. Some bookmakers now offer VISA Fast Funds, which means you can get access to your cash even faster.

What is the slowest payment methods on betting sites?

Wire Transfer

A traditional bank transfer is undoubtedly the slowest way to deposit and withdraw funds from your account on a betting site. Most other payment methods offer instant deposit, but a bank transfer can take up to seven days. Meaning you have to wait an age to place your bets. Withdrawals using a wire transfer are no better. Like deposits, your winnings can take up to a week to hit your account.

If you want quick access to your cash, avoid using a bank transfer and choose one of the payment options listed in the above section.

Betting sites with the fastest payouts FAQs

All reputable betting sites will pay out in a similar time frame, but big names like Coral, Unibet and Ladbrokes ranked highly in the banking category at the 2023 UK Bookmaker Awards. Your payment method is the most significant factor affecting how fast you can deposit and withdraw your funds.

Every well-established bookmaker will make withdrawals a simple process. Withdrawals can typically be initialled by accessing your wallet or balance.

The withdrawal time and minimum withdrawal amount will differ on each betting site, depending primarily on your chosen payment method. Using an e-wallet like PayPal or Neteller is the fastest payment method on most sites, giving you access to your cash with fee hours of withdrawal.

Withdrawing money from a betting site is simple. You can initiate a withdrawal from the wallet/balance screen. The time it takes to see your winnings differs depending on your payment method. Withdrawals need to be made back to the same payment method you used to deposit due to anti-money laundering laws

E-wallets like Paypal or Neteller are the fastest payment methods on most betting sites. These will give you access to your winnings within hours instead of the days it takes with most other payment methods.

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