How to Deposit and Withdraw with Betfair | Step by Bet

How to Deposit and Withdraw with Betfair

1442202805-329695421Banking with your Betfair account really couldn’t be easier.With just a few clicks of your mouse or a few taps via the Betfair app, you can deposit and withdraw money from your account with ease.

As you’d expect from a top-flight bookmaker, Betfair’s website is completely safe and secure, so there’s no need to worry about hackers, scammers or any other rascals online!

Welcome Bonus – Up to £100 in free bets

Before making your opening deposit with Betfair it’s important to know that you will be eligible to claim their up to £100 welcome offer. The promotion is one of the easier to claim in the industry and you will be credited with your free bet money as soon as you’ve met the terms outlined below. Just click the link below to get started!

Click here to claim up to £100 in free bet when you bet just £10 at Betfair

Step by step guide to Deposit

First things first, let’s take a look at depositing. It’s a three-step process:

Step 1 – Login to your account

Assuming you already have a Betfair account, simply login via the homepage.

If you don’t yet have an account then don’t worry: it only takes a second to sign up, and we can even get you £30 in free bets if you sign up with us!

Betfair deposit 1

Step 2 – Click ‘Deposit’ or use quick pop up box

One of two things will happen at this point; the first is that a ‘Quick Deposit’ box will pop up. Here you simply enter the amount you want to deposit, your card details, security number and then your Betfair password. This will only work if you already have a card attached to your account.

betfair deposit

Alternatively, you will need to click the ‘Deposit’ button in the top right hand corner of the Betfair site when you are logged in.

betfair deposit 2


Step 3 – Fill in the required information

The next page will allow you to choose your deposit method at the top of the screen. If you are making your first deposit then you will need either add a Credit/Debit card or update it with your e-wallet information.

Betfair deposit 3

Step 4 – Confirmation and check balance

Once your deposit has been successfully processed you will be greeted with a screen similar to the one below.

Betfair deposit 4


To check your balance simply click on the ‘Main’ button at the top of the screen and it will show you your remaining balance.

Betfair deposit 5


Step by step guide to withdraw

After a few good wins the time might be right to withdraw your winnings!

Happy days if so, and you’ll be glad to know that it’s easy to withdraw money from your account, and it will be in your bank or e-wallet account in quick time.

Step 1 – Click on ‘My Account’

Firstly, you’ll need to click on ‘My Account’. When the dropdown menu appears, click ‘’My Betfair Account’.

Betfair withdraw

Step 2 – Click ‘Withdraw Funds’

You will now be taken to a new screen (via the app or mobile site) or a pop-up if you’re withdrawing on your computer.

Here you will see a few options: you can make a deposit, transfer funds between sportsbook and casino accounts, or withdraw money as we want to. So give this a click.

Betfair withdraw 2

Step 3 – Decide on an amount and withdraw

Now you have to decide how much you want to take withdraw. This is at your discretion of course, but all you need to do is type the amount into the box.

The withdrawal method will automatically be the default setting you chose when setting up your account. You can change this now by clicking on the symbol of the relevant payment method. Double check the amount and then click ‘Withdraw’.

If you have more than one deposit method on account then you may need to clear your deposit account on one before being able to do another. This section will inform you before doing so.

Betfair withdraw 3

Payment Options

To reflect their global audience, Betfair accepts a number of different card, eMoney and traditional banking options.

You will be asked to select one upon opening your account, but this can be changed at any time from the ‘My Account’ hub.

The payment options Betfair accept include:

  • Debit Cards – VISA, Maestro, Solo, Laser
  • Credit Cards – VISA, MasterCard,
  • PayPal
  • eMoney – Moneybookers, NETELLER, ClickandBuy
  • Bank Transfer/Western Union
  • Cheque

Fees & Processing Times

Here are the fees and processing times for depositing with Betfair:

Type of Payment Minimum Deposit Processing Time Fees
Debit Card £10 Immediate Zero
Credit Card £10 Immediate 1.5%
PayPal £10 Immediate 1.5%
Moneybookers £10 Immediate Zero
NETELLER £12 Immediate Zero
Bank Transfer £10 3 working days Ask your bank

And these are the fees and processing times for withdrawing money from Betfair:

Payment Type Minimum Amount Processing Time Fee
Debit Card Any 2-5 working days Free
Credit Card Any 2-5 working days Free
PayPal £1 Max. 24 hours Free
NETELLER £2 Max. 24 hours Free
Moneybookers Any Max. 24 hours Free
Bank Transfer £10 3-5 working days Free


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