What are £5 deposit bingo sites?
If you’ve never visited an online bingo site before and don’t know much about them, then £5 deposit bingo sites are sites that accept a minimum of £5 to play. A lot of the time, bingo sites have a £10 or £20 minimum deposit, so often players look for bingo sites with lower deposit limits for several reasons.
What are the advantages of £5 minimum deposit bingo sites?
Firstly, if you’re new to a site then you might not want to deposit a £10 or £20 minimum, you might just want to get a feel for the site, see what’s on offer, what the bingo rooms are like, what games are on offer and if you want to continue playing there. Being able to deposit a smaller amount gives players the opportunity to play with, and for, real money, while not blowing the budget!
Secondly, playing with real cash (as opposed to free bonus money) gives you the opportunity to win real cash. Although it’s not always impossible to win real money on free bingo sites or with bonus money, due to the wagering requirements (which I’ll come on to shortly), it is really difficult. If you’re playing with real cash, then you’ve a much better chance of being able to keep and withdraw any potential winnings, so in some cases, it makes more sense to deposit a fiver and give a new site a whirl!
Lastly, £5 minimum deposit bingo sites allow players to join in all the fun while being able to spend very little and keep within budget. Not everyone wants to or can afford to make larger deposits, so when the minimum amount is a fiver, it means that online bingo is more accessible to everyone.
Why can’t I just deposit £5 at all bingo sites?
Given the advantages of £5 deposits, it makes you wonder why all online bingo sites don’t offer low deposit limits? This is mainly due to payment processing fees and the limits for the deposit methods bingo sites use. If an online bingo site has to pay a fee for each transaction, then it makes more sense to ensure players deposit a larger amount rather than lots of smaller amounts so that they don’t have to pay fees for each transaction.
Sometimes it’s not down to the bingo sites rules, it may be that the deposit methods they accept, all have higher minimum deposit limits.
Can I still claim bonuses with a £5 deposit?
Absolutely! Just make sure you check the minimum amount you need to spend for claiming a bonus as even though some bingo sites may accept £5 deposits, you may need to deposit more to claim a bonus.
Deposit bonuses are usually in the form of either bonus money, bingo tickets, free spins on slot games or a mixture of all these. You’ll usually see an offer along the lines of ‘Deposit £5 and play with £10’, or ‘Deposit £5 and get 100% bonus’. The bonus percentage is the amount the bingo site will give you in bonus money, so if you deposit £5 and the bonus is 100%, then you’ll receive another £5 in bonus money to play with. Or alternatively, you may receive bonus bingo tickets to use.
If you see a free spins deposit bonus, which usually reads for example, ‘Deposit £5 get 20 free spins’ this is when a bingo site also offers slot games, which players often enjoy in between bingo games. So when you deposit £5 you will get x amount of free spins to try out the slots on offer.
Although you can claim bonuses with just a £5 deposit, check what games the spins or bingo tickets are available on as free spins are often limited to either one specific slot game or games from a specific provider and sometimes free bingo tickets can only be used in certain rooms. Also check which deposit methods you can use as bonuses aren’t always available with all deposit methods.
How do I make a £5 deposit?
If you’re new to an online bingo site, you will need to register before making a deposit. Head to the registration page and fill in the registration form which will require your name, date of birth, email address and sometimes phone number. You will usually have to confirm your details via email or text and some sites require you send them formal ID. Once registered, head to the cashier and choose your deposit method. Enter £5 in the deposit amount and follow the instructions to complete your transaction. Once your account is credited, you’re set to go!
Can I win big money from a £5 deposit?
Yes you can! Just because you deposit a smaller amount, it doesn’t decrease your chances of winning big. If you have just deposited £5 (without claiming any bonuses, free spins or bingo tickets) then all it takes is for your luck to come in at the right time and you’re a winner! Just because you deposit a smaller amount, doesn’t mean you can’t win a larger amount.
Can I win big money if I claim a bonus with my £5 deposit?
This is when things aren’t quite so straightforward as bonus offers usually come with maximum win limits and/or wagering requirements which can really scupper your chances of ever winning or withdrawing any money.
Let’s start with maximum win limits. You often see terms such as ‘max win £20’ which means if you’ve claimed a bonus and are playing with the bonus money or bingo tickets, the maximum amount you can win is £20. So even if you hit a jackpot of £1000, you will still only be able to win £20.
Then we have wagering requirements which can be a little confusing. Wagering requirements are the amount you have to play through your bonus before you’re entitled to withdraw any winnings. Wagering can be based on either bonus amounts or free spins.
If you have received a bonus of £5 and the wagering requirements are 40x, that means you have to wager £5, 40 times before you can make a withdrawal (so £200 in bets).
If you received free spins as part of your £5 deposit bonus, let’s say you win £10 from a free spin. If the wagering is 40x, you would have to bet your winning amount of £10, 40 times (£400 in wagers) before you could withdraw anything.
As you can see from these examples, even if you win a large amount with your bonus, by the time you’ve played through your wagering requirements, you could be left with very little or nothing. So always check the terms applied to bonuses so you know exactly what to expect and don’t end up disappointed!
£5 deposit bingo sites without wagering
Now you know all how wagering requirements can trip you up, you’re wondering if there are £5 deposit bingo sites that don’t have wagering? The answer is yes. They’re not as common, but certainly exist and give players the best of both worlds; the opportunity to try out a new bingo site with just a fiver and being able to receive a bonus with just a £5 deposit, while playing for real cash.
This makes things really easy for players as you don’t need to worry about wagering and are free to withdraw anything you win. Just note that you may not receive the larger bonuses, free spins or bingo tickets that you can find on sites with wagering. Zero wagering sites tend to have smaller bonuses, but when you compare a smaller bonus with no wagering to a larger bonus with high wagering, you may decide that it’s worth opting for the lower bonus in order to stand a better chance of withdrawing any winnings.