Betfred Widthdrawal Process

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If you are lucky enough to win at Betfred, then you will likely be interested in collecting those winnings. Betfred makes it easy to withdraw funds from your account.

Withdrawals at Betfred

The withdrawal section can be found on the “My Account” section of the Betfred site. Select “Withdraw” and choose the appropriate withdrawal method (methods detailed later). Of note, withdrawals can only be made via methods used for deposits to your Betfred account. Confirm the amount of your withdrawal and the funds will head to the account you have selected.

In some cases, Betfred will lump same day withdrawals into one transaction if the same withdrawal method is used. This is primarily done for cost-effectiveness.

Further Identification Requests

If Betfred has reason to believe something is amiss with a withdrawal request, they will ask for further documentation of identity. Betfred may ask for proof of banking information, the credit card being used, or simply ask for another copy of photo identification.

Withdrawals Using a Debit Card or Credit Card

Funds can be sent back to the debit or credit card of your choosing, assuming you have made a deposit with the same card at some point. Withdrawals to cards can take up to three business days and are free. The minimum withdrawal to a card is £5 with a maximum of £9,999.99.

Withdrawals Using a Neteller Account

Neteller is very popular amongst Betfred users. Assuming you have wagered from your Neteller deposit more than one time, any withdrawals to the same account are free of fees. The minimum withdrawal to a Neteller account is £5 with a maximum of £4,000.

Withdrawals Using a PayPal Account

There are no fees charged for withdrawing to a PayPal account. The funds should be available in the PayPal account within a 48-hour period. The minimum withdrawal to a PayPal account is £5 with a maximum of £5,000.

Withdrawals Using a Skrill Account

There are no fees charged for withdrawing to a Skrill account. The minimum withdrawal to a Skrill account is £5 with a maximum of £6,500.

Withdrawals Using a Bank Transfer

Betfred will allow one free bank transfer withdrawal per 28 days. If more are requested in that time frame, there is a withdrawal processing fee of £12. Withdrawals can be expedited for a charge of £25. The maximum daily withdrawal via bank transfer is £25,000.

Withdrawals at a Betfred Shop

Withdrawals can be made in person if funds have been deposited that way. A photo ID must be presented at the time of withdrawal and a daily maximum of £250 is imposed. If a Betfred member wishes to withdraw more than £250 in a Betfred shop, a request should be 48-hours in advance.

Published on: 15/11/2018

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