Sky Bet Withdrawal Time

Ready to cash out your Sky Bet winnings? The good news is Sky Bet offers a range of popular withdrawal methods - from Instant Bank Transfer to Apple Pay - so you can choose the option that suits you best.

Withdrawal times vary depending on the method, but with some you could see your money in your account within hours. You can even withdraw as little as 1p, making it quick and flexible for all players.

Below, we break down every Sky Bet withdrawal option and how long each one typically takes.

Sky Bet Withdrawal Times

Instant Bank Transfer

Fee: Free
Withdrawal time: 1-4 hours
Min. withdrawal: 1p
Max withdrawal: £50,000

Bank Transfer

Fee: Free
Withdrawal time: 2–5 working days
Min. withdrawal: 1p
Max withdrawal: £50,000

Apple Pay

Fee: Free
Withdrawal time: Up to 24 hours
Min. withdrawal: 1p
Max withdrawal: £50,000

Visa Debit Card

Fee: Free
Withdrawal time: 2–5 working days (Quicker With Visa Direct)
Min. withdrawal: 1p
Max withdrawal: £50,000

Mastercard

Fee: Free
Withdrawal time: 2–5 working days
Min. withdrawal: 1p
Max withdrawal: £50,000

If you've signed up to Sky Bet with a Visa or Mastercard then you're more than likely going to qualify for instant withdrawals.

All Visa cards and most Mastercards are eligible for instant withdrawal, and the payments will be in your bank account within 1-4 hours.

In rare cases, it may take longer than four hours. Sky Bet say to get in touch with them if you have not received your withdrawal within 24 hours.

If you're using a debit card that isn't eligible for instant withdrawals, Sky Bet will treat it as a standard transaction.

Much like with other bookmakers, standard withdrawals typically take between two and five working days to complete.

Of all the payment methods available on Sky Bet, this is by far the slowest process.

Sky Bet is one of just a few bookmakers that offer deposits and withdrawals via Apple Pay.

You will only be able to withdraw via Apple Pay if the card you're withdrawing to has already been used via Apple Pay to deposit on Sky Bet.

As with all other payment methods on Sky Bet, the minimum withdrawal amount for Apple Pay is just 1p.

Most of the time, Sky Bet withdrawals run smoothly without any issues. But there are rare occasions where things don't quite go to plan or take longer than expected.

If using Instant Bank Transfer, then funds shouldn't take any longer than 24 hours to drop into your bank account.

Any other payment method made as a standard withdrawal could take up to five working days.

If there is an issue with the withdrawal request you've made, it could be one of the following reasons:

Wrong Payment Method: Sky Bet doesn't use every payment method available. Check which withdrawal methods are accepted on Sky Bet first.

Verification checks: If you have opened a new account with Sky Bet, a withdrawal request may be on hold until you complete their verification check. Any restrictions on withdrawals due to verification checks will be made clear to you when you first log in or before you first deposit.

Closed Loop Policy: You may have been stopped from withdrawing to a certain payment method due to the Net Deposits Rule. Essentially, Net Deposits are the difference between the total deposits and total withdrawals you've made on a particular payment method, such as your debit card. It means you must withdraw to each payment method at least the total amount deposited before you are able to withdraw any additional funds to a different payment method.

The Net Deposit Rule has been in place for a few years now and most people won't have an issue with it if they're only using one payment method.

The aim of the Net Deposit Rule is to keep Net Deposits as close to £0.00 as possible and is a regulatory standard for all UK bookmakers. You must withdraw at least the total amount deposited from one payment method before you can withdraw any additional funds via another chosen payment method.

Example

• You deposit £50 from your Visa Card and £30 from your Mastercard into your Sky Bet account.
• That means you have a net deposit of £50 from your Visa Card, and £30 from your Mastercard.
• Let's say you have some success with the total £80 in your betting account, and it rises to £500, and you want to withdraw £200 of it to your Mastercard.
• Before you can do that, you will have to 'Close the Loop' and balance the Positive Net Deposits on your Visa Card.
• Therefore, you will be requested to withdraw £50 back to your Visa, making the Net Deposits on that payment method £0 before being able to withdraw the rest to your Mastercard, and the same applies the other way round.