£5 Deposit bingo sites are a perfect way to have a play and experience some of the best bingo sites in the UK. The cheap deposit amounts allow you to be able to try out the bingo site before then fully committing to them and depositing more money that you want to play these games with.
Best £5 Minimum Deposit Bingo Online
5 Pound deposit sites are on the rise. In recent years, we have seen bingo sites become more lenient and convenient for customers, one way this has occurred is by lowering the minimum deposit amount, to £5. Not all bingo sites allow this, but more and more are starting to apply it to their sites.
Another reason as to why there is a range of excellent 5 pound bingo sites, could be that there are now over 500 different bingo sites that are licensed under the United Kingdom Gambling Commission. This means that there is a lot of competition in this industry and the bingo websites all want to be better than the others in order to get new customers to register with them and keep the existing players playing, this is a good way in which they can do this.
There are a lot of sites that still require customers to make a minimum deposit of £10. Although it is not a lot more than £5, it still isn’t as good as only having to deposit 5 pound if you are only wanting to test the site and see what it is like, before you then commit yourself to playing at it as a loyal customer.
If you are on a budget, then £5 bingo sites are ideal, and we would definitely recommend this being the market of bingo sites that you look to register with and play at. Even if you are unsure as to how much you wish to spend, then this is a safe option to choose. The way to think about it, is if you do not like the online bingo site, then you have only deposited £5, or if you are stuck between which 5 pound bingo site to register with, you could register with multiple and only deposit £5 in each bingo site.
What is a 5 Pound Deposit Bingo Site?
The main purpose of the site, as we have mentioned, is just to trial out their bingo site, in hope that you enjoy yourself and therefore you will decide to deposit more funds and play more at the bingo site. However, what you are doing, is potentially stopping yourself from being able to claim the welcome bonus that the bingo site is offering. This is because even though the bingo site allows you to deposit a minimum of £5, they still require you to make a minimum deposit of at least £10 at times in order to qualify for the welcome bonus. If you are one that likes to claim welcome bonuses and wants to be involved with the offers that are available, then make sure that you read the terms and conditions and are aware of whether making a 5 pound deposit, will affect your chances of claiming a bonus.
£5 deposit bingo offers can in fact be more beneficial than no deposit bingo bonuses in some cases. This is because it can be a better chance for you to win real cash prizes instead of playing free bingo games, where you may not necessarily win cash prizes, but you can win points and other prizes instead.
Less than £5 Deposit Bingo Sites?
It is very rare, but not impossible, to find a bingo site that does in fact allow you to deposit even less than £5! The reason that bingo sites typically don’t allow really low deposit amounts, is because of the charges that can occur from banks and other payment methods to the bingo sites. If Bingo sites were to set the minimum deposit amount as low as possible, then once they have deducted the fee from the bank charges, there would be barely anything left in it for the bingo sites. This is why bingo sites try to avoid it. This is part of the reason why there is a minimum deposit amount, so that the cost of the fee doesn’t need to be pushed onto the player.
There are a limited and minimal number of sites that will offer lower than £5. Some sites have said to offer as low as £3, which is an exceptionally low amount for a betting site. There are only certain payment methods that can be used in order to deposit this small amount, it is based on the fee charges that the bingo site get from the payment options. Pay by Phone are an example of a payment method that have been known to offer £3 deposits.
There is a wide variety of banking options that you can use in order to make your deposits to a bingo site. The range of bingo sites in the UK that we offer to you, can allow its players to use a variety of different payment methods to successfully withdraw and deposit funds to and from your bingo account.
The available payment methods that you can use at a £5 bingo site is no different from those that offer a £10 minimum deposit amount. There are typically no exclusions, so you are free to use whatever method of payment you wish. Also take into consideration the minimal withdrawal amount and the withdrawal limits of each payment methods. These can also differ. One payment method might allow a £10 deposit required, whilst another requires £25 for example. So, if you do deposit an initial sum of £5, you could potentially have to wager your funds before then being able to withdraw them.
Credit Card & Debit Cards
All of the bingo sites and bingo apps that you find at BingoSites.Bet, allow customers to deposit and withdraw their funds via a credit card or debit card. There are a range of different card payment methods that are widely accepted, this includes Visa, Mastercard, Visa Electron and Maestro. These are the most common that customers use and therefore are the most accepted. Other cards that are less commonly accepted but you can still find at online bingo platforms, online casinos and more, include American Express, Diner’s Club and more.
One thing that we have noticed with this form of payment, is the delay in processing the payments, specifically the withdrawal speed. Depositing using this method, there is usually no issue, however withdrawing, it can take days for the payment to actually reach your bank account, due to the bank security.
This form of payment is becoming more and more popular amongst customers in the gambling world, for its many advantages. E-wallets are extremely safe and reliable payment options, they are also reassurance to the customers, because you are not required to give any of your bank details to the bingo sites, they are kept to the e-wallet itself. The sites you see here do not add on any fees for using e-wallets like some methods can do.
The advantage of using these payment methods is that deposits and withdrawals can be processed instantly, unlike with card payments. Due to the payment not having to be verified by the bank, once you deposit your funds, you can find it straight back in your e-wallet account.
Some of the most popular e-wallets that you can use at an online bingo or casino include PayPal, Neteller, Skrill, PaySafe, ecoPayz and more.
Other methods of payment that you could use include mobile payments, which allow you to pay through your phone bill. Pay by Phone are a company that allow this. Then another option is using pre-paid cards. This does not require you to have a bank account and you can simply buy a card from a shop, pay for funds on it then enter in the 16-digit number into the casino.
5 Pound Deposit Bingo Terms & Conditions
There are things that you could and possibly should look out for when you are analysing the £5 bingo deposit offers that we can showcase to you. These factors could affect your betting experience and possibly make you decide to either choose a different bingo site, or just deposit a bit more money.
Min Deposit for Welcome Bonus
The minimum deposit amount for the welcome bonus is something to be aware of. If you are looking to claim the welcome bonus of the site, then depositing £5 probably isn’t the best option. In fact, depositing as little as £5, may not even be enough to qualify for the welcome bonus. Some betting sites state that you need to deposit at least £10 in order to claim the deposit bonus or free spins/ bonus spins. Therefore, if you are going to claim the welcome bonus, or even the existing customer bonus, you need to be aware of the minimum deposit amount. As well as this, be aware of the withdrawal limits, so that you know how much you will need to win in order to be able to withdraw your funds. You need to see how much wagering is also required on the bonuses before you decide to claim the offer.