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Information about £5 Deposit Casinos - Updated July 2024

Contents

What are £5 Deposit Casinos? 

A £5 deposit casino is simply one that lets you deposit with as little as £5. All casinos have deposit limits and you must meet them every time you add funds to your account.

These limits exist for a couple of reasons.

The main one is that casinos use third-party merchants and payment processing services. They process payments securely, provide protection for both parties and make sure the money gets to where it needs to go. These services typically charge a percent or a fixed fee for every transaction.

Casinos don’t want to start charging their players a fee for deposits, so they just make sure they are depositing enough to make the transaction feasible.

Secondly, and more cynically, it could be that casinos just aren’t interested in players who deposit £1 or £2 at a time. Every player uses valuable resources, including bandwidth and customer service, and such players might be a net loss.

These limits may also convince someone who would usually deposit just £1 or £2 to increase their budget to £10/£20.

Whatever the reason, deposit limits are commonplace.

What You Need to Know About £5 Deposit Limit Casinos

£5 deposit casinos work just like every other casino. The only difference is the minimum deposit. But this change can impact a few other things, including:

Bonuses

The £5 minimum deposit amount applies to the site and not the bonuses. It’s not uncommon for casinos to let you deposit just £5 on the site, while also insisting that you deposit at least £10 or £20 to qualify for a bonus. This is usually more true for reload bonuses than welcome bonuses, but it can also apply to the latter and is usually more impactful when it does.

For instance, let’s imagine that a casino has a minimum deposit of £5 but requires at least £20 to collect a welcome bonus. You deposit £5 without realising, go to collect your bonus, and then realise your mistake.

Customer support teams are rarely forgiving when it comes to broken bonus terms and conditions. What’s more, you can’t simply deposit £20 to re-fund your account and collect the bonus. Welcome bonuses only apply to your first deposit, and while that £20 deposit will meet the minimum fund requirement, it will be your second deposit and not your first.

Limits and Fees

There is no industry-wide rule concerning deposit/withdrawal limits and fees. Some have very low minimum limits and no fees; others are much higher and charge a fee.

For instance:

  • Pay By Mobile (a mobile payment method) charges £2.50 per deposit. Other mobile payment methods may charge a similar fee.
  • Jumpman Gaming sites charge a fixed £2.50 withdrawal fee.
  • Some sites charge a small percentage on all withdrawals and they usually have a maximum fee (such as 1% on all withdrawals; no more than £3).
  • Just because a site has a minimum deposit of £5 doesn’t mean the minimum withdrawal will be the same.
  • While a handful of casinos let you withdraw less than £5, you may be charged a fee for doing so.*

*Many casinos include a hidden term whereby you can withdraw any amount, as long as you contact them and request it personally.

Payment Methods

The £5 deposit limit is usually not available on web wallet deposits, such as PayPal. Even on sites that allow such a low deposit, it’s rare to find it offered for PayPal. You’ll never find it for bank transfers either. Both of them charge high fees, so it’s not viable for casinos.

Do You Have to Deposit?

Technically, some casinos and bingo sites let you join and play with even less than £5. They offer no deposit bonuses that give you a few credits, free tickets, or free spins. If you turn those freebies into cash (usually by winning and then clearing wagering requirements) you can continue playing or withdraw the funds.

There are even bingo sites that offer “newbie rooms”. You can play for a limited time and win real money, all while learning the game and meeting fellow players. But in all cases, the amounts are very low, and it’s unlikely that you’ll have enough cash left over at the end to meet the withdrawal limit.

Find the Best £5 Deposit Casinos

All of the casinos listed on this page accept deposits of just £5. They also feature a wealth of top games, including hundreds of real money slot machines, dozens of top live dealer titles, and much more. So, check them out and start playing with just a fiver. We have reviewed all of the sites, so if you need a little more information, check out our reviews.

£5 Deposit Casinos - Updated July 2024 FAQ

  • Can I deposit less than £5 at online casinos?

    Yes. It is possible to deposit less than £5, but such sites are rare. It’s more common to find withdrawal amounts this low, as deposits rarely dip below a fiver.

  • Do £5 deposit casinos charge a fee?

    Some of them do, but most do not. It largely depends on your chosen payment method. If you’re using Visa or Mastercard debit cards, you should be fine. If you’re using PayByMobile, you’ll be hit with a fixed fee of £2.50. This information is usually clearly stated on the casino’s banking options page, so take a peek before committing to a deposit.

  • What are withdrawal limits at these casinos?

    The average withdrawal limit is £10. This is true even if the deposit limit is just £5. Don’t assume that the former will match the latter, and always check in advance.

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