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Cheque

Cheques have their origins in the ancient banking system and have been prevalent as a payment method up until the last 10-20 years, since when financial technology has taken over and opened up a dearth of options for customers both on the high street and online.

Despite its relative drift towards obscurity, many bookmakers still accept cheques as a method of deposit, and some individuals do still prefer to use them. Keep reading to learn the advantages and disadvantages of doing so.

Top Bookmakers That Accept Cheque – July 2024

4.5/5
Rated by 413 users
Claimed by 493 people this week
Get 100% Up To $500
Terms and conditions: The bonus code is only valid for a new customer's first deposit and must be redeemed immediately after the deposit and before a wager has been placed. The sum of the deposit and the bonus are subject to rollover requirements of 8x at min. odds of -200 (1.5) before a new bonus can be redeemed or a withdrawal can be made. Max. $1000 of each bet count towards the rollover requirements. Terms and Conditions apply. – Terms apply
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Payment Options

VISA
Master Card
Bank Transfer
Neteller
Paysafecard
Skrill
Bitcoin
+5

Average Payout Speed

0 – 24 Hours

Currencies

  • AUD
  • CAD
  • USD
  • Competitive sign-up and promotional offers
  • Excellent statistics section to aid customers
  • Pain-free deposit options
  • Accepts both high and low limit bettors
  • Lengthy and expensive withdrawal procedure
4.5/5
Rated by 267 users
Claimed by 424 people this week
125% up to $3,125
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

VISA
Master Card
Bitcoin
American Express
Moneygram
Ethereum
Litecoin

Average Payout Speed

0 – 24 Hours

Currencies

  • BTC
  • LTC
  • ETH
  • Premier destination for US bettors
  • Racebook covering daily races
  • Esports and virtual sports markets
  • In-depth sports stats and tips
  • Intuitive live betting markets
  • Limited withdrawal options
4.6/5
Rated by 504 users
Claimed by 340 people this week
Get 125% Deposit Boost to bet on sports up to $1250
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

VISA
Master Card
Paypal
Bitcoin
Litecoin
Dogecoin
Ripple
+4

Average Payout Speed

0 – 24 Hours

Currencies

  • BTC
  • LTC
  • XRP
  • Deposit and bet using BTC
  • Choose from 25,000+ markets
  • Bet in-play on a huge range of sports
  • Get paid quickly with no fuss
  • Friendly customer support agents
4.57/5
Rated by 413 users
Claimed by 370 people this week
100% Up To $1000
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Bitcoin
BitcoinCash
Master Card
Person to Person
VISA

Average Payout Speed

0 – 24 Hours

Currencies

  • LTC
  • USD
  • Generous bonuses and promotions
  • Great range of betting markets
  • Extensive racebook
  • Very good customer service
  • Only a few withdrawal options
  • Fees for withdrawing funds
4.62/5
Rated by 413 users
Claimed by 286 people this week
100% Up to $1000 + $25 casino chip
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

VISA
Master Card
Bitcoin

Average Payout Speed

0 – 24 Hours

Currencies

  • BTC
  • Trusted by publications such as ESPN
  • Access a dedicated racing section
  • Crypto-friendly sportsbook
  • Adjust odds format and time zone
  • Support options include call back
  • Quite low sportsbook limits
4.5/5
Rated by 413 users
Claimed by 192 people this week
50% Up To $1000
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Bank Wire
Bitcoin
Cheque
Discover
Master Card
Neteller
Skrill
+1

Average Payout Speed

0 – 24 Hours

Currencies

  • USD
  • Accepts players from all over the world
  • Known for their live betting offers
  • Lots of secure banking options
  • Great bonuses and promotions
  • High fees for some deposit options
  • Support agents are often slow to reply
4.5/5
Rated by 313 users
Claimed by 177 people this week
50% Up to $250
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Amex
Bitcoin
Master Card
Rapidtransfer
VISA

Average Payout Speed

0 – 24 Hours

Currencies

  • BTC
  • Top-rated US online sportsbook
  • Mobile site for iOS and Android users
  • Diverse range of betting markets
  • Excellent customer support options
  • Lines come out very late in the day
  • Odds not as favorable as other books
4.5/5
Rated by 232 users
Claimed by 251 people this week
15% up to $600
Terms and conditions: Terms and Conditions apply. – Terms apply
Show More Details Show Less Details

Payment Options

Amex
Bank Wire
Bitcoin
Cheque
Master Card
Neteller
VISA

Average Payout Speed

0 – 24 Hours

Currencies

  • BPS
  • CAD
  • EUR
  • Popular book that accepts large max bets
  • Huge focus on football and basketball
  • High-spec live in-play platform available
  • Downloadable client for Windows & Mac
  • Odds are not amazing on non-US sports
  • User interface could be improved

How Do They Work?

A cheque is effectively a bill of exchange that orders a bank to pay a certain amount of money from one person’s account to another individual or a business. The cheque can only be paid to the specified payee, for the written amount, and it cannot be cashed until the date stated.

The big players in the European betting market still accept cheques as a form of payment. Many of the firms bracket bankers drafts, international money orders, personal cheques and cashier’s cheques all together.

They must be mailed into the address provided by each individual bookmaker. Typically the name on the cheque must exactly match the name of the account holder, and users can identify themselves by writing their username on the back of the cheque.

Depending on what type of cheque is used, the deposit can take from 5-28 days to be processed.

Man writing cheque on white table

Advantages of Betting With a Cheque

There are advantages and disadvantages to using cheques to fund betting accounts. The main advantages are security and lack of fees.

Security

Security

Many bettors are concerned with the security of their financial information when using online betting websites.

By using cheques, there is no requirement for customers to input any data online, and thus the chance of having their details compromised, is eliminated. This is particularly important for big staking bettors who wish to add large deposits to their accounts.

Lack of Fees

Lack of Fees

Lots of payment methods including e-wallets and in some instances debit/credit cards incur charges when used to fund betting accounts. Cheques tend to be free or very cheap to process with most bookmakers.

Disadvantages of Betting With a Cheque

There are several reasons why you might want to avoid using cheques to fund betting accounts, including deposit speed, availability and minimum deposit limits.

Slow Deposits

Slow Deposits

As mentioned above, it can take anywhere from 5-28 days for cheques to be received and processed. For bettors who want to fund their account quickly, cheques are not ideal as a method of deposit.

Those using cheques may be the type of bettors who deposit every few months, and therefore they don’t suit individuals who regularly deposit and withdraw funds.

Availability

Availability

While the big firms are still accepting cheques, the number of people using them are declining.

Other forms of payments are automated, whilst cheques need to be processed manually and ultimately, bookmakers want to eliminate that, so over the next few years there is likely to be a further decline in the number of firms accepting them.

Larger Minimum Deposits

Larger Minimum Deposits

Because cheques require the manual labour, bookmakers are typically impose higher deposit minimums.

Man writing cheque on open laptop

Conclusion

Although the major online betting sites still accept cheques, the number of bettors using them to fund accounts is declining. This is hardly surprising given the fact that deposits can take 5-28 days to be processed and higher minimum deposit limits are imposed for cheque deposits.

Take our advice and use a different form of payment at betting sites.