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Sportsbooks That Support Bank Cheque Transactions
By engaging in sports betting using bank cheque deposits, you are adding another layer of security to your online sportsbooks transactions. If you feel uncomfortable exposing your bank details to an online bookmaker, then consider using this deposit method. However, if you do not have the patience to wait for a couple of business days before you can have the deposit process completed, then you might want to look at other sportsbooks deposit methods.
What is a Bank Cheque Sportsbook Deposit?
A cheque is a bill of exchange that requires a bank to pay a particular amount of money from a person’s bank account to another person or business. Only the payee can receive the specified amount and the money can only be cashed in the date stated in the cheque. Cheques have their origin tracing back to the ancient banking system. They have been a popular payment method up until the last ten to 20 years when digital financial transactions have taken over the market. Despite this payment option’s decreasing popularity, many of the best bookmakers online still accept cheques as a deposit method. Needless to say, some punters, especially those who move large amounts of money, still prefer to use them.
A large population of sportsbooks that support bank cheque transactions is in the European betting market. If you are seriously considering sports betting using bank cheque deposits, then you have to be ready to wait five to 28 days. Keep in mind that it takes some business days before your deposit gets reflected on your online sportsbook account. Needless to say, if you are not willing to wait that long, then you should choose faster deposit methods like credit cards or e-wallets.
You have to accomplish the online form and then post the bank cheque sportsbook deposit to the operator’s address. Don’t worry because the top-rated online bookmakers typically have their address featured on their site. You can usually find this posted on the Contact page or at the bottom of the homepage. If you can’t seem to find the address, calling the customer support hotline is always the best solution.
Advantages of Sports Betting Using Bank Cheque Deposits
A lot of punters are worried about the security of their transactions when they use online betting sites. When you use the bank cheque sportsbook deposit method, you do not have to submit your personal details online. By doing so, you are eliminating the chance of having your information compromised. This is particularly important, especially if you are a punter who desires to deposit a large amount to your account.
There are bookmakers that require transaction fees when you use some payment methods like e-wallets and in some cases, debit or credit cards. On the other hand, a bank cheque sportsbook deposit is typically free or has very low processing fees.
Disadvantages of the Bank Cheque Sportsbook Deposit Method
As previously mentioned, processing bank cheque sportsbook deposits take between five to 28 days. If you are the type of punter who frequently adds funds to their account, then this deposit method is not for you. Do note that bank cheques are for the type of bettors who deposit funds every few months in large amounts. With that said, also keep in mind that there are larger minimum deposits when you choose bank cheque deposits, especially since they require manual labour.
Another downside to using this method is the fact that there are reduced numbers of sportsbooks that support bank cheque transactions. It is true that the big bookmakers still accept bank cheques, new online sportsbooks opt for automated payments.
Remember These When Making a Bank Cheque Sportsbook Deposit
It is true that there is some fun in free sports betting. However, the entertainment goes to higher levels when you put in real cash in the betting game. And if you are planning to stake big amounts, then choosing sportsbooks that support bank cheque deposits is the best way to go. However, before you use this payment method, remember to consult with your bank and make sure that you are permitted to make online bookmaker deposits using this option.
There are sports betting websites that are based in territories like Malta, Gibraltar and the Dutch Antilles. No matter where the bookmaker is headquartered, you have to wait for the operator to receive your bank cheque before they can start processing it. Needless to say, if you are depositing funds to an online sportsbook that is located far from your area, you may have to wait a couple of business days before your cheque gets cleared. This also means that you have to remember to send your cheque days prior to your preferred betting date. You have to plan ahead, especially if you want to bet on upcoming tournaments.
Also, do not forget to let the bookmaker know that you are sending a bank cheque to deposit funds to your account. If you fail to do so, the online sportsbook would most likely send the cheque back to you. This is because they do not know why you are sending them the cheque in the first place. There are also bookmakers which allow you to withdraw winnings and online bookmaker bonuses using this method so be on the lookout for those.