Last Updated: 27 May 2022, Author: AceOdds.com
Withdraw a minimum of £5 with your Debit Card or eWallet, up to a maximum of £9,999 with your Debit Card. Get your winnings instantly with Visa Fast Funds, or 3 - 5 days with a Direct Debit.
With gambling, you're never guaranteed a win. Still, if you signed up for one of Betfred's new customer promo code offers, it's time to take a look at how you can get your hands on your money.
It's worth noting that the terms of some of Betfred's promotional offers may require a minimum amount of plays which you must fulfil before you can withdraw any winnings. If any of the balance in your Betfred account includes Bet Credits, you'll need to wager them. You may go on to win withdrawable cash, but you cannot withdraw the Bet Credits.
Since there's a link between withdrawing and depositing funds, we suggest you read our article on depositing funds into your Betfred account.
The closed-loop policy is an anti-fraud regulation to which Betfred adheres, requiring you to withdraw your funds via the method you deposited, matching the deposited value. For example, if you deposited £100 via Neteller and have £800 available to withdraw, you must first withdraw at least £100 via Neteller before making an additional withdrawal.
Debit Card, Visa, MasterCard, Maestro, Electron
|3 - 5 Banking Days||£5.00||£9,999||Free|
|Up to 48 Hours||£5.00||£4,000||Free|
Visa Fast Funds
|Up to 3 Hours||£5.00||£9,999||Free|
|Up to 48 Hours||£5.00||£5,000||Free|
|Up to 48 Hours||£5.00||£6,500||Free|
|2 Banking Days||£25.00||-||Free|
In addition to the timescale imposed by the payment method, you need to be aware that although Betfred aims to process requests instantly, it could take up to 48 hours if additional checks are required.
Even if your withdrawal method would usually be instant, there could be a delay imposed by Betfred.
Funds could take 3 - 5 banking days to reach your account. Withdraw a minimum of £5 and a maximum of £9,999.
The time limit stipulated by Betfred for MasterCard withdrawals is more substantial than those of the other online betting sites. Likely, part of this timeframe is down to the checking process, and if Betfred can process the withdrawal quickly, funds will probably reach your account much sooner.
Funds could be in your account instantly! Withdraw a minimum of £5 and a maximum of £4000.
The great thing about eWallets is that they transfer money straight away. Unfortunately, Betfred's potential 48-hour processing window means it could be up to two days before you see your money.
One of the reasons eWallets are so popular is because they store your money for you indefinitely, acting as another account. You don't have to withdraw money from your eWallet to your bank. You can keep it there as available funds for betting with or spending elsewhere.
Funds could be in your account instantly. Withdraw a minimum of £5 and a maximum of £9,999.
If you used a Visa Debit Card to deposit money into your account, you could access the Visa Fast Funds Feature. This is supposed to guarantee that your money reaches your bank instantly. Unfortunately, even if Visa are happy for you to have your money straight away, Betfred may need additional checks.
As with the other methods, you could be waiting for up to 48 hours for your money.
Funds could be in your account instantly or in 48 hours. Withdraw a minimum of £5 and a maximum of £6,500.
Once again, this is another withdrawal method that could be instantaneous but could take up to 48 hours. I think it's safe to say that whatever method you choose because Betfred adds that additional layer of validation, there is no guarantee you can ever get your money instantly.
Withdraw a minimum of £25 in up to 2 banking days with no maximum stipulated.
At this point, I don't need to repeat the potential 48 hour Betfred processing time - there's no escaping it. However, since bank transfers tend to take 3 - 5 banking days, Betfred isn't adding too much extra time.
Betfred also hasn't stipulated a maximum withdrawal amount. However, it's best to assume a bank imposed limit of £100,000 per transaction. Any withdrawable balances exceeding that should be separate transactions.
Withdraw a maximum of £250 in store and get cash in hand.
If you deposited cash in a Betfred shop, you could collect your winnings that way too. As long as you take some ID with you, it's possibly the quickest way to get your money because the transaction will be processed there and then.
If you have a maximum of £250 to withdraw, you can do so by just dropping in. However, Betfred requests 48 hours' notice for any amount that exceeds this.
Unfortunately, we have no winnings to withdraw, but your available balance will be visible from every screen if you do.
Click on your balance, or navigate to My Account and select Withdrawals from the dropdown list.
Just like when you made your deposit, you'll see withdrawal options available. You must first withdraw the amount deposited via the method used to deposit. After that, you'll be able to choose an alternative method.
If you have a cash balance in your account, you don't necessarily have to withdraw it. If you're feeling flush from a win and want to try your luck again, it's worth reminding yourself about any deposit limits you may have set.
If you have them, you created them as a control and safety measure, and it's worth thinking hard about whether you want to try your luck again or spend your winnings in another way.
All withdrawals are subject to standard security checks, including checks for money laundering. Although Betfred could take up to 48 hours to do this, the chosen withdrawal method determines the overall timeframe. E-wallets take a shorter time, while bank transfers could take several business days.
Bank holidays and weekends aren’t considered banking days and will add to the time.
Via Debit Card, the limit is £9,999.
Yes and No. The closed-loop policy is an anti-fraud regulation requiring you to withdraw the exact amount deposited via the same method. Once complete, you can then withdraw via another method, but only if it’s been used before to deposit funds.
If your deposit method is not available as a withdrawal method then you will be prompted to use a bank transfer.
To withdraw funds, you will need to provide proof of ID and residence. This is to protect you and Betfred and is a standard requirement of all bookmakers.
If your withdrawable balance says £0.00, but there’s credit in your account, it could be down to two factors. The balance is made up of Bet Credits which you cannot withdraw, or the terms of a promotional offer require you to complete further plays before you can withdraw.
You can access your Withdrawal History from your ‘My Account’ area and selecting ‘Balance History’.
The minimum withdrawal limit is determined by the method used to withdraw, with £5 being the absolute lowest. If you have less than that and still wish to withdraw, you can contact Betfred customer support.
If the withdrawals are requested via the same method, they will be processed as one transaction. However, if made using different methods, each will be subject to verification.