There are multiple options for you to deposit to, and withdraw from your Betfair Account. Please note, all deposits and withdrawals are conducted through your Main Wallet. To find out more about Wallets, click here.
|Main Payment Methods||Minimum||Processing||fees||Minimum||Processing||fees||More Info|
|$10||Instant||Free*||N/A||Cards issued in Australia cannot be used for withdrawals||N/A||Info|
|$5||Instant||Free||N/A||POLiTM can only be used for funding your account||N/A||Info|
|$5||1-3 working days||Free||N/A||1-3 working days||N/A||Info|
|$5||1-3 working days||Free||$20**||1-3 working days||Free||Info|
|$5||1-3 working days***||Free||$20**||1-3 working days||Free||Info|
|$5||1-5 working days||Free||$20**||1-5 working days||Free||Info|
IMPORTANT: NO CHEQUES or 3rd PARTY PAYMENTS –
We will reject all cheque deposits and payments sent by any person on your behalf. You will be liable for all costs incurred to return these funds.
* This only applies to all Australian and New Zealand currency credit cards. Other currencies may incur fees.
** NAB account holders depositing via internet banking may receive their funds within 1 hour if they have NAB SMS Security set up. Please click here to find more information from NAB SMS Security Set Up.
*** POLi™ will be processed subject to terms and conditions.
Frequently Asked Questions
To find your reference, login to your account and choose ‘Direct Bank Transfer’ in the ‘Deposit’ screen. Above the bank details, it will be shown the 8 digit deposit reference which you need to enter in the reference/detail section of your bank transfer order.
No, cards issued in Australia cannot be used for withdrawals from your Betfair account. Any winning can be requested on an alternate payment method after some security checks.
If your bank has replaced your card and the card number is still the same, you can simply update the “Expiry date” (and “Start date” if required) by clicking on “Modify Card Details” in the card page. If your card number has changed, you will need firstly to unregister your old card, and then register the new card details by clicking on “Add Card Details”. Please note that you may be required to supply some documentation in order to unregister your old card.
No, we are unable to move funds between accounts.
If you receive the message “transaction declined, please speak to your card issuer”, your bank has declined the transaction. Unfortunately your bank will never give a specific reason to Betfair for declining the transaction therefore we can only suggest you try an alternative card or payment method.
Net deposits are your total deposits on a payment method less your total withdrawals.
No, you cannot register the same card to more than one account.
On some occasions your bank/card issuer may ask for a deposit to be manually authorised. This could be due to one of the following reasons:
- You have used your card several times in a short period.
- Your requested deposit is significantly higher than your normal transaction amounts.
No, Betfair cannot accept deposits from third parties or persons other than the Betfair account holder, and will always attempt to identify such situations. If we do receive funds from third parties, we will reject the transactions.