Blog     25 May 2021   801

Best and Popular Bank Account for Matched Betting in UK 2021

Get a new bank account for your matched betting activities. Yes, you heard me right, a new bank account makes it easier to keep track of your results. Keeping a separate bank account will keep your identity clean, as traditional banks often don't approve loans and mortgages when they see your gambling deposits.  

If you are a beginner at matched betting, go for basic accounts, setting up for a basic account is very easy, it generally requires ID, proof of address and banks may even run a soft credit check. You will also get a free debit card with these accounts which allow for instant deposits with most bookmakers. Today we will discuss some of the best popular bank account for matched betting in UK 2021 and a list of requirements and documents need to open the bank account for matched betting.

The Best Bank Account for Matched Betting in UK

Nationwide Flex Account

Yes, it is a basic account and very well popular for matched betting in the UK. There are no monthly charges associated with this account. Nationwide Flex Account does offer features like £500 ATM withdrawal per day, Secure online banking, free banking App, google pay and Samsung pay support, telephone banking, cheque book, and much more.

Let's check out some of the basic requirements for opening an account

  • Must be 18 Years of age or Above
  • Permanent UK Citizen
  • Valid Email Address
  • Mobile Number/Phone Number
  • 3 Years of Address History
  • Employers details

Santander Basic Current Account

Santander basic current account is the second-best choice if you are looking for a separate account for matched betting activities. You can apply online and it should only take you ten minutes to open an account. This account does also offer features like Online banking and mobile banking with text and email alerts, £300 ATM withdrawal per day, and easy access to the Santander Bank Branch.

Let's check out some of the basic requirements for opening an account

  • At least 16 years old or above
  • Should be permanent UK citizen
  • Valid Email Address
  • Mobile Number/Phone Number
  • 3 Years of Address History
  • Details of your yearly income and outgoings

First Direct Current Account

The third best bank account for betting is First Direct Current Account. The bank rewards you with £50, if £1000 are deposited within the first three months of opening the account. In case you fail to meet the deposit amount can still use the account with no charges or penalties. Bank does also offer features like free visa debit card, online banking, mobile banking, text and email alerts.

Let's check out some of the basic requirements for opening an account

  • Must be 18 years old or above
  • Live permanently in the UK
  • Not declared bankrupt or registered for an Individual Voluntary Agreement in the last six years
  • last three years address details
  • Employment and salary details

Challengers Bank

These are often referred to as digital-only banks, they offer a simple bank account for depositing, holding, and withdrawing funds. These Challengers Bank does lack traditional services like mortgages, and, personal loans. As a beginner, you should go for these Challengers Bank accounts as they give you everything which is most required for matched betting like Debit Card, Mobile App, and a basic bank account without any monthly fees attached.

Monzo is a mobile App-based online bank located in the UK. This challenger bank was established in 2015 and has over 2 million users. The best thing about Monzo is it does not mind gambling transactions. Monzo does offer features like a user-friendly mobile App, free withdrawals at UK ATMs, a current account with a debit card, no charges for using the card abroad, and an option to freeze your card with a single swipe.

The Monzo Mobile App does also works as a budgeting app as it breaks down your spending into categories and lets you know much much money is left for spending.

Starling Bank is another challenger bank like Monzo. This bank does also offers the same features as Monzo. It's very easy and fast to open this account, it just takes around 5-6 minutes. Starling Bank has an additional feature to turn off gambling transactions. Bank does provide an additional security layer against hackers which is quite impressive.

EWallets

Skrill is an EWallet service provider, you can use this service for offer reloads (existing customer). Bookmakers don't allow new customers to qualify for the welcome offers if they make their first deposit with Skrill. 

Paypal is another Ewallet service provider like Skrill, which can be used for offer reloads but can be used to qualify for the welcome offer. If you just want an additional option for offer reloads you can look out for Ewallets. These EWallet service providers are not equivalent to a bank account and no FSCS protection, which means you can lose your money if the company goes bankrupt.

So, guys, this was our blog on Best and suitable bank accounts for Matched Betting.

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Elizabeth Gold

Elizabeth Gold

Full-time Mummy | Part-Time Blogger

I love finding new and creative ways to make money. Anything to make life easier and to let me spoil my beautiful family.

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