{"id":2093,"date":"2021-02-17T09:58:08","date_gmt":"2021-02-17T09:58:08","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=2093"},"modified":"2022-09-21T08:38:36","modified_gmt":"2022-09-21T08:38:36","slug":"what-is-the-minimum-amount-that-you-can-deposit-withdraw","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/articles\/what-is-the-minimum-amount-that-you-can-deposit-withdraw\/","title":{"rendered":"What Is The Minimum Amount That You Can Deposit & Withdraw?"},"content":{"rendered":"

\"piggyEvery bookmaker has its own set of rules when it comes to depositing and withdrawing money from your account, though in truth most of them seem to opt for the same minimum amount. There are numerous reasons for this, with the main one being that it costs bookies for each transaction that a customer carries out, so they have to make sure that it\u2019s worth it from their own financial stand point.<\/p>\n

The majority will allow a minimum amount of \u00a310 to be either deposited or withdrawn, though some will dip as low as \u00a35. It will usually depend on the method chosen<\/a>, with PayPal charging higher fees to the bookmakers<\/a> that they then pass on to customers. Whether you\u2019re actively charged a fee or not will depend on a number of factors, not least of which is the method of deposit or withdrawal that you\u2019ve opted for.<\/p>\n

Minimum Deposit Amounts<\/h2>\n

\"givingThere is no hard and fast rule when it comes to minimum deposit amounts with bookmakers that applies across the board. Instead, various bookies will have their own rules that will depend on a number of factors. If several bookmakers are part of the same parent company, such as Ladbrokes and Coral for example, then you\u2019ll usually find that they have the same rules in place for customers adding money to their accounts.<\/p>\n

As a rule of thumb, you\u2019re best off expecting to have to deposit a minimum of \u00a310 into your account every time you add some money to place bets with. You\u2019ll often find that even individual bookmakers can vary on the minimum deposit amount depending on the method you want to use, simply because they\u2019ll be charged varying amounts by the companies that send them the money. The lowest is usually \u00a35.<\/p>\n

Minimum Withdrawal Amounts<\/h2>\n

\"moneyAs you\u2019ll soon come to realise, the only thing we can tell you with any degree of certainty when it comes to money and bookmakers is that there\u2019s very little we can tell you with any degree of certainty. Some bookmakers have the same rules for deposits as they do for withdrawals, meaning that if the minimum deposit amount is \u00a310 then the least you\u2019ll be able to withdraw is also \u00a310.<\/p>\n

Some bookies, however, will have a lower threshold for withdrawals than they will for deposits, largely because they will always want people to add more money to their accounts than they take out. Again, the lowest withdrawal amount with most bookmakers will be \u00a35, with the actual figure dictated by the method you\u2019ve opted to use. It\u2019s always worth checking out how your favourite bookies tends to work in this regard.<\/p>\n

Contacting Customer Services<\/h2>\n

\"contactSometimes there will be a perfectly legitimate reason why you want to withdraw less than the minimum amount that a bookmaker will allow. The most obvious example of why you might wish to do this is if you think you\u2019ve developed a problem with gambling and therefore want to get all of your money out and shut down your account, but you\u2019ve only got a couple of quid left to be withdrawn.<\/p>\n

If you have a reason to want to get your money out and can\u2019t meet the minimum threshold asked for by a bookie, it\u2019s always worth contacting their customer services team. It\u2019s easy to look upon bookmakers as big scary companies, but it\u2019s worth bearing in mind that there are real people on the end of the phone line or chat box who will help if they are able to. That being said, they\u2019re unlikely to do so if you want to deposit <\/em>less than the minimum.<\/p>\n

Thinking Through Deposit & Withdrawal Methods<\/h2>\n

\"CreditIt\u2019s obvious when you think about it, but bookmakers are always likely to make it easier for you to use deposit and withdrawal methods that are easy for them. The more common a method of getting money into and out of your betting account that you want to use, the more likely it is that a bookie will offer low minimum amounts to you to do so. Equally, the less common methods will be more expensive for them, so they\u2019ll discourage their use.<\/p>\n

A debit card is always going to be much easier for a bookmaker to accept payments from than a wire transfer is, as an example. So it is that you\u2019ll find that some bookmakers will allow a minimum deposit of \u00a35 if you\u2019re using your debit card, but will ask for at least \u00a320 when you\u2019re looking to make a wire transfer. In many ways, it\u2019s just common sense, so have a little think about the method you want to use and ask yourself if it\u2019s necessary.<\/p>\n

Bookmakers Are Charged Fees By Banks<\/h2>\n

\"BusinessmenThe reason bookmakers want customers to choose some deposit and withdrawal methods over others is that banks will charge bookies a fee for their transactions. The easier a transaction is to carry out, the smaller the fee is that the bookmaker will be charged by the bank in question. It\u2019s why you\u2019ll often find that a payment method such as PayPal asks for a larger deposit and withdrawal than a debit card.<\/p>\n

Whilst methods such as PayPal are great for the customer and offer different levels of protection, they\u2019re not brilliant for bookies and so they want to make sure that the money that they have to pay is worth it. Paying 30p per transaction makes more sense when each deposit or withdrawal is for \u00a310 than it does when it\u2019s for \u00a35, say. It\u2019s all about bookmakers trying to get the best bang for their buck, just as punters do.<\/p>\n

There Usually Are No Fees For You<\/h2>\n

\"HiddenIn the vast majority of cases, bookmakers won\u2019t charge the customer a fee for making either a deposit or a withdrawal. This is common sense when it comes to the deposit side of things, given that bookies are desperate for people to put money into their accounts. You could understand why they might want to charge for a withdrawal, however, seeing as though that means that someone is taking money away from them.<\/p>\n

Obviously no single bookie is going to charge a customer to withdraw money unless all other companies are as it means that they\u2019ll lose customers to a rival. The only time there are exceptions to this rule is when the transaction method is just too unusual for a bookmaker to ignore it. They\u2019ll want to dissuade as many customers as possible from going down this road, which is where the idea of charging them to do so comes in.<\/p>\n

For yourself, you\u2019ll need to weigh up whether the method in questions is really the only one that you can use. Is a wire transfer really necessary when you\u2019ve got a debit card and the money is going from the same account? There will be occasions when the answer to that question is yes, but the result of that is that you\u2019ll have to accept that you\u2019re going to have to pay for the convenience of using your method of choice.<\/p>\n","protected":false},"excerpt":{"rendered":"

Every bookmaker has its own set of rules when it comes to depositing and withdrawing money from your account, though in truth most of them seem to opt for the same minimum amount. There are numerous reasons for this, with the main one being that it costs bookies for each transaction that a customer carries…<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":468,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"yoast_head":"\nWhat Is The Minimum Amount That You Can Deposit & Withdraw? - NewBettingSites.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newbettingsites.co\/articles\/what-is-the-minimum-amount-that-you-can-deposit-withdraw\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is The Minimum Amount That You Can Deposit & Withdraw? - NewBettingSites.co\" \/>\n<meta property=\"og:description\" content=\"Every bookmaker has its own set of rules when it comes to depositing and withdrawing money from your account, though in truth most of them seem to opt for the same minimum amount. 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