Matched Betting Bank Account

Should you set up a new bank account?

You certainly do not need to set up a new bank account for matched betting. You can use your existing current account to deposit and withdraw into your bookmaker and exchange accounts.

However, we recommend opening a separate bank account as this can be very useful. By setting up a new bank account you can keep your matched betting funds and transactions separate from your day to day spending. Plus should you be applying for a mortgage in the future, it is best to have a separate bank account exclusively for matched betting. You may wish to check with your intended mortgage provider too, just to ensure this will not impact your future approval. Here is a Facebook post with helpful advice from members who have researched this and worked in mortgages.

You can then fund this new bank account with your initial matched betting investment and use it to fund your matched betting. The only downside is it takes a few days to set up, but given you'll be making profits for months/years to come, you may deem this worthwhile!

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