⚡ INSTANT BANK TRANSFERS – Useful Information

Securely connect your bank account and deposit funds instantly with Open Banking. Unlock Instant Withdrawals after your first deposit!

Instant Bank Transfers are a new deposit and withdrawal payment method for Paddy Power customers in the UK and Ireland, available to mobile users!

This method allows our customers to link a bank account to your Paddy Power account, enabling you to deposit and withdraw instantly!

 

How do Instant Bank Transfer work?

An Instant Bank Transfer is a new type of payment method, powered by Open Banking. It’s easier than traditional bank transfers and more secure than card payments. Your funds can settle within seconds instantly – and you can do it all from within the app.

 

How secure are Instant Bank Transfers?

We partnered with TrueLayer, an FCA (Financial Conduct Authority) approved provider, to securely connect to your bank and process your payment. With Instant Bank Transfers, you authenticate the payment with your bank meaning you benefit from bank-level security and your personal details are never shared with anyone. For more information on TrueLayer and Open Banking, please click here.

Who can use Instant Bank Transfers?

The majority of Paddy Power users in the UK or Ireland will have access to instant bank transfers, with most banks currently eligible.  For the full list of bank availability click here for the UK or click here for Ireland.

●       This offering is currently only available to mobile users, although we have plans to extend this to desktop users in the near future!

●       Please note there are a few differences in the offering for UK and Irish customers!

UK Customers:

●       For UK customers you need to be using £ as your preferred currency and have an eligible UK £ Bank Account.

●       Both Instant Deposits and Withdrawals are available for eligible banks!

Irish Customers:

●       For Irish customers you need to be using € as your preferred currency and have an eligible Irish € Bank Account.

●       Instant Deposits are now available for eligible banks.

●       At present, Instant Withdrawals are available for Revolut users. We plan to be able to offer this to more customers soon, as more Irish banks enable the functionality needed!

●       Non-Instant Withdrawals are typically received within 2 – 6 hours!

 

Why would I use Instant Bank Transfers?

●       Start playing right away and cash out instantly – payments can settle instantly enabling faster gameplay.

●       Highly secure and increased protection against fraud – payments are authenticated directly with your bank, and login credentials personal details are never stored or shared with anyone.

●       Easy Registration - You don’t even have to type in your bank details!

 

What are the Limits for Depositing and Withdrawing using Instant Bank Transfers?

Deposits:
●       Maximum limit of £/€ 5,000 [Per transaction]

●       Minimum of £/€ 5 [Per transaction]

Withdrawals:

●       None!

 

How long does it take to Deposit and Withdraw using Instant Bank Transfers?

With Instant Bank Transfers, we aim to provide instant deposits and withdrawals. Please note there may be some slight differences on the offering for UK and Irish customers:

For UK customers:

●       Both Instant Deposits and Withdrawals are available for eligible banks!

For Irish customers:

●       Instant Deposits are now available for eligible banks.

●       Please note that after your initial Instant Bank Transfer Deposit, you will not be able to withdraw for a period of up to 24 hours. Please note that this will only happen after your first deposit, as we aim to protect our customers and keep your funds safe.

●       At present, Instant Withdrawals are available for Revolut users. We plan to be able to offer this to more customers soon, as more Irish banks enable the functionality needed!

●          Non-Instant Withdrawals are typically received within 2 – 6 hours!

      

How do I use Instant Bank Transfers?

It’s simple:

1.      Click on “Deposit”, scroll right, click on “Add method” and select “Instant Bank transfer”

2.      Select your bank from the list. Make sure that it’s your personal or joint account and you are the account holder.

3.      Once you’ve chosen your bank, enter an amount and click ‘’Connect to your Bank’’

4.      Click “Confirm payment” and you'll then be taken to your bank app where you can log in to authenticate the payment.

5.      Once authenticated with your bank, navigate back to the app to proceed.         

6.     Wait for the payment to complete. You will be informed if your deposit has been successful. Funds should settle instantly in your account once complete.

 

 

Please note that you don't need to input your bank details like account number or IBAN to register for Instant Bank Transfers! Steps 2 & 3 will only be necessary when using Instant Bank Transfer for the first time with your bank account. 

Start by depositing using Instant Bank Transfers now by clicking here.

 

Do you have some additional questions on Instant Bank Transfers?
That’s OK! Please click here  where we have answered some of the Frequently Asked Questions about Instant Bank Transfers which will hopefully help with your query.

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