Depositing cash is the bread and butter of online gaming, or at least they are as far as online gambling is concerned. No matter if you’re a fan of the slots or someone with a passion for bingo, a deposit of cash is the only way you can expect to receive a return on the games you play. Most of the time, these deposits come with a minimum requirement for use, with the monetary allocation asked for being priced at between £10 and £20. However, in among these traditional options, there are smaller ones available, such as 5 pound deposit bingo websites.
Given the nature of iGaming, 5 pound deposit bingo websites tend to frequent the bingo scene rather than casinos in general, mainly due to how cheap playing bingo games tends to be. We’re not saying that all online bingo labels provide a minimum £5 deposit threshold, but you’ll likely find one among the trusted brands at some point or another. What is more, in opting for these low threshold brands, you’re not necessarily missing out on enjoying the spoils of the welcome package of that site, a matter we’ll come to later on.
5 Pound Deposit Bingo Brands To Follow
Here are currently active websites, that offer the holy grail of deposit thresholds: the illustratious £5 deposit.
This may simple like a fairly straight forward question, and one that doesn’t even need to be asked, however you’d be surprised how few people understand the impact such monetary requirements have on their iGaming experience. Even though a £5 deposit bingo site won’t work differently to a £10 deposit one, users may find that what they’re offered alongside the deposit, e.g. a bonus, is a lot smaller than what they could receive elsewhere. Moreover, they may find that the wagering requirements associated with the deposit, if there’s any at all, will differ from the average x35 that is experienced across online casino websites. Other than that however, most of what you experience is unaltered, with the £5 mark simply allowing a greater level of accessibility to users.
Why Do Bingo Players Prefer a Minimum 5 Deposit Options at Bingo Sites?
Before continuing, it’s important to say that most online gamers, even those not interested in bingo, appreciate being able to deposit less money in order to access services. That being said, bingo users seem to appreciate this offer even more, due to the nature of the games, how much they normally cost, etc. Consider this: most online bingo games cost a few pence, sometimes little more than 5p (though there are exceptions to this rule), and so being able to allocate only £5 means that you only spend what you have to in order to enjoy yourselves.
Connected with this also, is the fact that the withdrawal limitations, e.g. the minimum you need before its processed, tends to be lower on such sites also, and so users have a generally more attainable iGaming experience.
Will You Still Get a Welcome Bonus with a £5 Deposit?
We see this question asked a lot by novice players, as it’s understandable to be concerned that by opting for a lower deposit website, you’ll in turn get penalised for it in other ways. It’s the human condition to think as such. Even though we appreciate where that worry comes from, we’ve found that, normally, users will be able to trigger a welcome bonus just as any other user would.
Nonetheless, while it’s unlikely you’ll not receive your bonus, as mentioned briefly earlier, it’s normal for the bonus amount to be smaller. For example, you may get a large 200% deposit bonus when depositing £10 or more, whereas a £5 deposit website may only offer between 50% and 100%. In all honesty, it doesn’t matter much that the bonus amount is less, as you’re still getting a good deal for a fraction of the cost normally paid out. However, some customers prefer inputting more money to get more bang for their buck.
Benefits of £5 Deposits and Other Information
In truth, we’ve largely covered the benefits of £5 deposits at bingo labels already, in that it’s about being able to get started for less money. However, there’s also the added benefits becoming involved with loyalty/VIP schemes for less cash, something that dedicated gamers will find most alluring.
You see, the usual process is that you have to deposit a high amount of money in order to become “one of the elite”, however with low deposit bingo sites, this isn’t usually the case. It’s not that dedication isn’t valued, but that they appreciate that dedication doesn’t have to be closely related to spending an enormous amount of cash. Nevertheless, be aware that not all low deposit bingo sites are made in kind, with some being less than good value for money; if you happen across a site that charges 25p or over for a bingo ticket, you’ll soon find that £5 deposit is fast eaten up. It’s about choosing wisely, even when the going rate is a lot low than other brands elsewhere.
Payment Methods Allowed
This, much like the previous section, is but a snapshot of what is offered within the industry, however the payments mentioned are among the most widely used, especially among UK based gamers.
If you’re not UK based, you may not know much about this form of payment; optimised for mobile phone usage, Boku is a smart way to deposit cash online. Described by the brand as a synergised way of operating, it seems to be a great contemporary tool for playing real cash bingo online. However, while Boku indeed has its perks, it’s one of the few deposit methods that comes with hefty fees, up to 15% a lot of the time, thus meaning you get stung for using it. This could be argued as to why more customers stick with more tried and tested methods of banking, like that of PayPal.
This is the ewallet that started it all, or so we’re told, with PayPal largely used by members of the public all across the world; a few clicks of a button and you can send and receive money. As a result, it makes it ideal for bingo gambling, as its a seamless process that takes a matter of minutes to setup and utilise. Better yet, no fees are applied when used to deposit funds, and so that £5 threshold stays as desirable as it was to begin with. That being said, when converting currencies, fees soon add up, which is something to be mindful of.
Fashioned in a similar way to PayPal, Skrill could be said to be the younger, newer face of ewallets. Designed to be used just as conveniently, without issue, it is another popular way of depositing those £5 allocations. And, like with PayPal, fees aren’t attached to users who use Skrill to make their deposits. Nevertheless, fees do come into play if you leave your Skrill account inactive for too long, and so it’s not as user friendly as the likes of PayPal.
All in all, £5 bingo websites are a great way to play the popular online bingo scene, with the option to “risk” less money an attractive one for most gamers. What is more, while there’s the odd con to choosing such a low deposit amount, like that of less deposit bonuses, the perks far outweigh anything else, and so users get a, generally, better and cheaper experience.