£5 Deposit Sites
£5 deposit sites can be ideal if you’re on a budget and don’t have the ability to fund your online bingo playing account with large amounts at any one time. They’re also great if you’re a new player and unsure if you want to spend much on your first go at online bingo! But what should you know before playing at bingo sites that offer £5 deposits? Read on to find out more.
About £5 Deposit Sites
It’s best to keep in mind that there’s not a large amount of sites offering £5 deposits, and most still require a minimum of £10 for players to receive the welcome bonus. Many sites (including those on the Ignite network, which were known for offering £5 deposit bonuses) are now removing deposit bonuses altogether in favour of no-wagering bingo ticket bonuses. This can still be a good offer if you want to play the specific bingo games that the tickets are offered for (or just want to avoid high wagering requirements), but we haven’t seen many of these kinds of offers that allow you to deposit just £10.
Another thing to keep in mind is that although sites allow you to deposit £5, they may not trigger the bonus until you have deposited £10 for example. This can be incredibly irritating if the bonus is especially appealing – so that’s why the list above ONLY features sites that let you claim a bonus by depositing just £5. Some sites will give you a bigger percentage bonus for depositing more (i.e. £20 may trigger a 300% deposit bonus as opposed to 200% for a £5 deposit) but you’ll still get a bonus without spending much.
The main idea behind sites offering a £5 deposit is that they hope that after you’ve tried their site for a small fee, you’ll enjoy them so much you’ll want to spend more money and make further deposits. In fact, if you want to withdraw your winnings, you’ll almost definitely have to deposit more money in order to withdraw.
When you become a fully depositing player, you’ll often start getting access to a range of features such as free games, exclusive bingo rooms and loyalty schemes. There may also be reload bonuses and other promotions you won’t get access to unless you’ve made more than one deposit.
Sites Offering a £5 Deposit
Some sites are more generous than others, with one of the best examples being Coral Bingo. They offer a 500% new player deposit bonus on just a 5 pound deposit.
Vernons Bingo offer a £5 deposit – it used to be more common for larger and more established online bingo sites to offer a £5 deposit offer, but there aren’t so many now. However, you’ll find that a lot of the sites above are Dragonfish sites on the Ignite network – and this group of sites offers £5 deposit bonuses, making them very popular indeed! However, as of June 2018 these bonuses are being phased out – meaning that it’s a lot harder to find a good £5 deposit bonus on an Ignite bingo site! You can still find £5 deposit bonuses at some 888/Dragonfish bingo sites, which are held back a little by a slightly dated design (but if the bonus is what’s most important to you, then this shouldn’t matter too much – the sites are still perfectly functional and offer plenty of games and promotions.)
£5 deposit sites are a great way for you to see if you like a site, and they benefit your needs just as much as they benefit those of the bingo sites themselves. Once you’ve decided that you like a site and start making more deposits, you may also be offered often generous redeposit bonuses. Sometimes these redeposit bonuses can be more attractive in the long run than a large initial welcome bonus. Players have often said that it’s the redeposit offers that keep them coming back to a site.
Benefits and Further Information
£5 deposit bonus sites often provide more chances of winning real cash prizes than playing free bingo, where you might only win prizes or loyalty points. Players can also learn more about how bonuses work in general by trying out several 5 pound deposit sites, before then comparing how good their offers are.
Depositing £5 is generally the minimum you can deposit in order to be eligible for special offers and cash prizes. One of the only sites we’ve seen that offers a deposit minimum even lower than that is mFortune, where you can make a deposit of as little as £3! However, this is extremely rare among online bingo sites – and you may have to deposit a lot more money before you are eligible for withdrawals.
There’s generally no difference between £5 deposit bingo sites and others when it comes to making a deposit, so you can expect to be able to use common payment methods such as debit and credit cards, PayPal, Paysafecard, Skrill, Neteller, wire transfer, Boku, and more.
It’s best to keep in mind that although these sites may let you deposit £5 to play with, they may not necessarily let you make withdrawals of amounts this low – £10 is common for minimum withdrawal limits. They may also not let you withdraw at all until you’ve spent a certain amount of money – so even if you win with your initial £5 deposit, you may have to deposit more in order to withdraw your winnings. Make sure you read the terms and conditions carefully before signing up to make sure you don’t get caught out by these sticky rules.
The Small Print
Like with no deposit bingo sites, it’s highly unlikely that you’ll get a great deal with no catches – so here are the common restrictions and limitations you might encounter when signing up to a £5 deposit bingo site.
- Welcome bonus – Even if a site allows you to deposit just £5, it is likely that you’ll have to deposit more than that in order to claim a welcome bonus (usually £10 or more). And it’s not like you can deposit £5 on your first go then deposit more and claim later – the offer is usually only valid for your very first deposit at the site, so if you don’t deposit enough to claim the bonus on your first go, you likely won’t be able to claim it at all.
- Withdrawal restrictions – So, you’ve deposited just £5 and managed to win some prizes! Great! However, you’ll probably have to deposit a minimum amount (generally higher than £5, but not always) in order to be able to withdraw anything. Make sure you check the terms and conditions carefully before you sign up – Dragonfish bingo sites have removed this restriction, but it’s still to be found elsewhere, so do your research first.
- Expensive tickets – Think about how far £5 actually goes. It’s great for playing games with cheap cards such as penny bingo, but if you want to take part in any games with big jackpots, you’re likely going to be paying upwards of £1 for a ticket, and if they cost that much, your money will be gone in a flash. If you want to make your money go further, stick to cheaper games and you’ll be able to purchase more tickets and play more rounds of bingo.
Using £5 deposit online bingo sites can be a great way of exploring a new site without having to make a big financial commitment. They also still allow you to win real money, but this may be more difficult to withdraw, due to the wagering requirements on such a small deposit amount. However, we’d recommend them for players new to the world of online bingo
– they allow you to get a feel for the game without spending too much, and they’re available on some of the most popular sites online – so if you’ve made up your mind to try one, just scroll back up and explore the £5 deposit bingo sites we’ve listed in our handy table.