How to deposit on Betfred

Written By: Conor Rafter
Last Updated: February 14, 2023

Whether you’re new to the world of online betting or a seasoned veteran of the game, depositing at Betfred is probably one of the most common services you’ll use – second behind betting on your favourite sports. 

Here, you’ll find out how to deposit at Betfred, which methods of payment are available, as well as processing times, fees and deposit limits. You’ll also catch a glimpse of some key information concerning the sites’ welcome offer to provide the best possible platform for your online wagering journey.

Read on for a list of every deposit method at Betfred.

Deposit Methods Available at Betfred

There are plenty of deposit methods for customers to choose from when depositing at Betfred. From the most popular banking options to more niche e-wallets and cards, the site boasts a solid range of ways to pay.

how to make a deposit on betfred

Below, we’ve outlined each deposit method available at Betfred along with its respective limits, potential fees and processing times.

deposit methodminimum depositprocessing timedeposit fees
Debit Card£5InstantNone
Bank Transfer£85Up to 2 working daysFree deposits over £170

New customers can get in on a unique one-time offer by depositing £10 to get £30 in Free Bets. Deposits via e-wallets and prepaid Mastercards and Visa cards are ineligible for this welcome bonus. Moreover, the deposit must be made in one lump sum rather than multiple deposits that add up to £10.

How To Deposit at Betfred

To deposit at Betfred, log in and view the homepage. From here, select the green button next to your Profile icon that reads “Deposit”. You can also access this page by clicking on your Profile icon and selecting the Deposit option.

how to make a deposit transaction on betfred

Next, add a deposit method if you have not yet done so. You can pick from any of the above-mentioned options, with some variations of popular methods like Skrill 1-Tap and Visa Fast Funds also available. 

Once you’ve decided which method to use, Betfred will take you to a new page where you must input your banking credentials. If you select a Debit Card, you’ll be asked to provide your name, card number and expiry date. Should you decide on an e-wallet such as Skrill, you must type your account email address, or in the case of Skrill, your Moneybookers account email address.

betfred make a deposit

Bank transfers will require your sort code, account number and full name.

Enter the amount of money you want to deposit in the box provided. Ensure that you’ve provided each piece of information correctly to avoid potential issues, then click on Deposit in the green box at the bottom of your screen. 

Depending on the method you’ve used to process a deposit, your funds may arrive in your account instantly or in a matter of days. You should not be charged for deposits with most of the listed options.

To summarize:

  • Select the Deposit button at the top of your screen or from the Profile menu.
  • Pick which method to use to deposit.
  • Provide your banking information.
  • Enter the amount you want to deposit.
  • Click “Deposit” to process your transaction.

You’re Ready To Place a Bet

With a grasp of how deposits work at Betfred, the next step is wagering. The site is jam-packed with exciting markets in all the most-watched sports from across the globe, including:

  • Football
  • Golf
  • Horse Racing
  • Basketball
  • Cricket

On top of that, Betfred lets you bet via desktop or the app. Now you can deposit and bet on the move or at home – no matter what time it is. Just select a deposit method that works for you and begin betting on tournaments, one-off events, play-offs and much more.

For more on wagering for the first time at the online bookmaker, read our How To Bet on Betfred guide. There, you’ll see how to bet on singles, accumulators and other multiples. By the end, you’ll have gathered enough information to become a winning bettor.

And if your selection wins you can use our helpful How to withdraw on Betfred guide to help you claim your winnings.

Conor Rafter
Conor Rafter

I’m a freelance writer who loves all things sports & betting related. Having worked in this field since 2018, I’ve experienced a wide range of intriguing bookmakers and online casinos. With this expertise, I strive to create helpful, honest articles. My primary goal is quite simple: to guide and inform readers using facts and analysis.

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