With so many new bingo sites to choose from, competition is getting pretty huge. Bingo sites compete in different ways such as their designs, bonuses, free bingo tickets, free spins, etc. The traditional standard for a minimum deposit amount is £10, but this is changing now with sites that offer you to start playing with just £5.
What is a Deposit?
If you’re a newcomer to bingo games, you’ve probably found the bingo terminology and visual aspects very confusing. There are different ways to play bingo and bingo sites offer different bonuses and promotions. One of the most commonly used terms in bingo games is the deposit.
When you play online bingo, you’re usually required to pay a certain amount of money in order to start playing. That amount is called a deposit. Once players have signed up at a bingo site, the next step is to make a deposit. Players can get as much as five times their starting stake to play with (for example, if you deposit £10, you can play with £50). In this way, you can easily play bingo and comply with the rules of different games while not having to worry about losing your money.
Types of Bonuses for a £5 Deposit
There are a lot of different types of bonuses for a £5 deposit available on bingo sites. Here you can find the most common types of bonuses that you can receive with a £5 deposit.
Bingo Bonus Funds
When you go to a bingo site, you will probably be welcomed with many banners and promotions about the site’s first deposit offer. You must make sure that making a £5 deposit will make you qualified for the bonus because there are some sites that require a minimum of £10 deposit for a bonus. After that, don’t forget to read their wagering requirements that will apply when playing.
Free Spins
As part of a welcome offer for the players that want to deposit £5, some bingo sites offer free spins. The free spins can be given with bonus funds or just on their own. However, they have more terms and conditions than the bonus funds, because they’re different games to play on.
No Deposit Bonus
No Deposit Bingo has become very popular in the online gaming industry. The term no deposit bonus means that you can actually play bingo without having to deposit any amount of money. There are some bingo sites that will offer you bonus cash without requiring a deposit. This is usually offered as a £5 but players must be aware that the wagering rules for these bonuses might be higher.
Reload Bonuses
Another type of bonus for a £5 deposit is the reload bonuses you can claim. They can be smaller than a first deposit bonus but still worth receiving. However, make sure to read about the wagering requirements on any offer before you claim it. Every bingo site is different and can include different reload bonuses. Usually, you will be offered 50%, 100% and 150% reload bonuses.
Cashback
Mostly, cashback promotions are offered for the loyal players which means that if you’re new to the bingo site, you’ll have to rise up before you’re qualified for a cashback. However, there are sites that offer cashback bonus for the newcomers that play with a £5 deposit, but the percentage can be lower.
£5 Minimum Deposit Bingo Sites
£5 minimum deposit bingo sites are a great way for you to see if you like some game or the site itself. Moreover, once you’ve decided that you’ll play on a particular site and start making more deposits, you may also be offered with great bonuses.
Here at Bingo Scanner, you can find the best bingo sites that offer £5 minimum deposit. Take a look at the most trusted bingo sites with great offers, and find the ideal one for you.
Pros and Cons of £5 Deposits
As much as advantages that £5 deposits have, they also have some disadvantages that might change your mind on playing with such offers. For that reason, take a look at the pros and cons of £5 deposits and make up your mind on whether you’ll play this way or not.
Pros
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You will be investing less to the bingo site, so you’ll have enough funds to invest in some other bingo site if you change your mind;
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If you’re someone who wants to try different bingo sites and games, depositing £5 will be great since you won’t be spending lots of money only on one site;
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You can claim welcome offers with just a £5 deposit;
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There are a lot of bingo games that allow you to win big from just £5 deposit;
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You’ll have more flexibility in the minimum and the maximum amount you want to top up.
Cons
- A lot of minimum withdrawals on the sites are over £5;
- The £5 deposit might not make you qualified to anything since the minimum spend for some bonus offers is £10.
Payment Methods for Smaller Deposits
Given the fact that the £5 deposit is a small amount, not every payment method allows it. For that reason, here are the payment methods that will allow you to deposit £5 in a bingo game.
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PayPal – It’s one of the best options for funding your bingo account because it’s fast and secure. Also, it allows you to deposit £5 on most sites.
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Pay by Phone – This is a great option for making a deposit into your bingo account that is highly-secure at the same time. With this method, when you make a deposit into your account, the amount is added to your monthly mobile phone bill or is derived from your pre-paid balance. This payment method is fast and easy, which makes it the ideal method for making small deposits.
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E-wallets – Netteler, Skrill and ecoPayz are popular e-wallets that allow you to deposit £5. E-wallets also offer high security and don’t require you to share your personal financial information on any bingo site.
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Wire Transfer – This is the less commonly used method but it’s still effective. There are bingo sites that allow you to deposit £5 via wire transfer, so you can also take this payment method into consideration for depositing your bingo account.