Betway Bank Transfer Withdrawals – #1 Guide 2023

When you sign up for an online gambling account, you want to make sure that you do so with an operator that has your best interests in mind. In this regard, you should make sure that the site you choose has a full gambling license, and that they provide great security and safety features.

This is why Betway has always stood out among the best online gambling sites available to players from India. One thing to keep in mind about the site is not just the great betting options and promotions that they have, but also how you are going to get real money into and out of your account.

Some players might want to do a direct bank transfer to their Betway account. Unfortunately, that is not one of the payment options that the site offers. That being said, there are still a number of different ways that you can use your bank account to transfer money into your Betway account, and then get money out of it. Below, we’ll describe you the process of doing so, and all of your options.

How to Create a Bank Transfer Account?

As mentioned, there is no way with Betway that you can directly transfer money from your bank account to your gambling account. Some sites might offer you the ability to type in your bank account information directly on their site and then transfer from there. This is not available with Betway.

Don’t worry, though, you’ll still have plenty of options. You could go with a third-party payment application. This includes PhonePe, UPI, Astropay, MuchBetter, Neosurf, EcoPayz, Skrill and Neteller. Another option would be to set up NetBanking with your bank directly. This is the option that many people choose when they want to do a bank transfer, since it is very similar in approach.

All you have to do is go to your banking institution and ask them to set up a NetBanking account for you. They’ll provide you with an ID and password, and then you just sign in and set everything up in a few simple steps. Once you do that, you’ll have the option of transferring money back and forth between your Betway account and your bank directly using NetBanking.

A final option is to use your debit or credit card that the bank issues you. Another thing to note, though, is that at this time, Betway doesn’t accept Mastercard. Therefore, if you want to do a bank transfer to Betway using your debit card, it’ll have to be a Visa card. 

If it is a Visa card, though, you will have no problem transferring money into and out of your Betway account directly from your bank. There are not too many steps to do this, and we’ll describe this all below.

How to Withdraw from Betway via Bank Transfer?

Withdrawing from Betway via Bank Transfer is very easy. For this example, we’ll be describing how you will withdraw via your Visa debit card, since that is the most direct way to get money from Betway to your bank account. 

When you want to take money out of your Betway account, you only need to follow a few quick steps. We’ll lay them out here below so it’s easy for you to follow …

1. First, go to Betway either through their website on a laptop/desktop computer or mobile device, or through one of their mobile apps. Then, log into your account, using the credentials that you set when you originally signed up for an account at Betway.
2. Now that you’ve logged in, you will see a button near the top that says “Bank.” Click on that, and you will be taken to a new page that will look just like the one you were at when you deposited money into your account at first. All banking transactions at Betway will be conducted at this page.
3. Now, click on the button labeled “Withdraw.” You will then be taken to another new page where you will be able to initiate any withdrawal from your Betway account.
4. Once you’re on this new page, you will see a full list of every withdrawal method that Betway offers. You can select from this list to get money out of your Betway account. In this instance, you’ll select debit card.
5. If you’ve already used your debit card to make a deposit onto Betway and allowed them to save your information, it should appear here for you to select among saved payment options. If not, you will be asked to enter all of the information from your debit card. This will include the full card number, expiration date, CVC code and billing information. 
6. Enter how much money you want to take out of your Betway account. If you want to withdrawal money that you earned from a promotion or bonus, ensure that you have met all of the wagering requirements that came with it. If you do not meet those requirements, your transaction will be automatically blocked. 
7. Finally, verify that the information you have entered here is completely correct. Make sure that your card number is right and that the amount you want to take out is right. Then, click the “submit” button once you do.

At this point, you will have finished everything you need to do on your end. Betway will take it from here and process the rest of your transaction.

Betway Bank Transfer Deposit Limits

Just like most other online gambling sites, Betway has set limits for deposits. There is typically a minimum and maximum limit that is set. These limits are put in place to protect both the player and to minimize the amount of fees that Betway themselves have to dish out to process these transactions. 

The good news is that Betway’s deposit limits for bank transfers are very reasonable. The minimum deposit amount for debit cards is INR 500, though you may qualify for a lower deposit minimum of INR 200 if you are a new customer. 

This is a very reasonable limit, for sure, as it doesn’t require people to have a lot of money before they can transfer it to Betway to use to bet with. There is also no maximum amount for deposits via bank transfer, either, which is really great.

Another positive is that most deposits via bank transfer on debit cards will be processed right away. This means that the money will be available in your Betway account to use almost right away. Just note that it may take as much as 48 hours for it to show up on your bank account.

Betway Bank Transfer Withdrawal Limits

Just like Betway has deposit limits, the site also has withdrawal limits as well. Once again, these are put in place to prevent the site from having to pay the money to process very small transactions, and also benefits the players as well in some instances.

For debit cards, the minimum withdrawal amount from Betway is INR 1,000. This is a very solid minimum. It doesn’t require players to build up a huge bankroll in their Betway account before they’re able to take any of the money back out to their bank account.

On the flip side, there is no upper limit for how much you can take out at one time using bank transfer. This is also great, because it means that if you are to hit on a big bet, you don’t have to break your winnings up into multiple withdrawals just to get all of your money. You can do it all in one transaction, which provides you with all of your money as quickly as possible.

It can take as much as 24 hours for Betway to process your withdrawal request, though the site says that they usually are able to get to all of these requests within six hours. After that, it will take anywhere from five to seven business days for the money to appear in your bank account. 

Are There Any Fees?

Another great part about betting at Betway is that they don’t charge any fees at all for any banking method at their site. Some betting operators will charge a fee for withdrawals, either as a flat fee on all transactions or a percentage of the amount that you take out, for instance.

Any of these fees reduce the amount of money from your pocket, and reduce your overall profit from the betting you do at their site. With Betway, this isn’t a concern, as there are no fees at all for making any deposits or withdrawals at their site.

You should note, though, that you may be charged a fee for making a withdrawal via a debit card to your bank account. If you get charged this fee, remember that it will be coming from your bank and not from Betway. There is nothing that Betway can do about this, unfortunately, as your bank will be in control of that fee.

Many Advantages Using Bank Transfer at Betway

There are many advantages to using a bank transfer at Betway. One of the biggest is that it’s the most direct way to get money into your Betway account and to withdraw it as well. There are no intermediaries or other sites that you have to use in order to do it. All you have to do is enter in your Visa debit card information right onto the Betway site, and you’re good to go.

There are no fees when using a debit card at Betway, which is another major advantage of using this payment method. This means that all the money you put in, and all the money you take out, will be at your disposal for your use.

Only Few Disadvantages Using Bank Transfer at Betway

A big disadvantage of using a bank transfer at Betway is that you have to do so through a debit card. There is no way to enter your bank account details in directly.

This isn’t a huge deal, except that they don’t accept Mastercards. This means that you’ll have to have a Visa debit card in order to use this method.

Conclusion

Bank transfers are one of the most popular ways to deposit money into, and take money out of, your Betway account. Just know that you will have to do this through a Visa debit card, though, as there is no way to directly enter your bank account information into the Betway site.

Last Updated on 23/01/2023 ago by Devak Mukherjee