Best Bingo Sites 5 Pound Deposit
Are £5 Deposit Bingo Sites More Trustworthy?
All online bingo sites exist to make money for their owners. Some owners choose to maximise the amount of money they can make by putting certain restrictions in place, one of which is to have a minimum deposit of £10 so that players have no choice other than depositing at least that amount they want to join a new bingo site.
If a £5 deposit was allowed, then the site could potentially earn less money than if they kept the minimum at £10.
This is why whenever I see a bingo site that allows players to deposit as little as £5, it is a sign that the site isn't just chasing the money and recognises that many players don't have huge amounts of disposable income to spend. Automatically I just trust the site that little bit more if I can deposit a fiver instead of just £10.
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However, that's not to say there aren't trustworthy sites out there that don't allow fiver deposits. For example, the minimum deposit amount at tombola is £10, but they are one of the safest brands out there (if not the safest).
Why do some sites not allow £5 deposits?
Bingo operators have got all sorts of costs associated with handling payments from players, so each time a deposit or withdrawal is made, the bingo site potentially has a fee to pay to whatever payment processor it is using.
If deposits are restricted to £10 or more, then they are potentially saving on fees that could be due to them if their players kept depositing lots of small amounts rather than fewer large amounts. That is one potential reason.
Another reason could be simply that by putting £10 as the minimum they are increasing the likelihood of players putting more money in, and therefore increasing the potential profits of the bingo operator.
Playing bingo on a £5 budget
Best Bingo Sites 5 Pound Deposit Rates
If you're here researching sites that have £5 offers, then you're obviously keen not to spend more than you can afford. This is why I recommend in addition to your £5 deposits, be sure to look out for the safer gambling tools available at each of the sites, such as deposit limits and stake limits.
Not every site will have both these tools, but all will definitely have deposit limits because it is required by law.
Penny Bingo & Free Bingo Games
You can also make your money go further by sticking to rooms with penny bingo. Most sites will have at least one bingo room where tickets cost 1p and many will have free bingo too.
You can find a list of free bingo games available right now from our No Deposit Bingo page.
Choose Your Own Stakes Bingo
Another tactic is to play bingo rooms with variable ticket prices. This is where everyone plays with one ticket, but you choose the stake you are most comfortable with.
In these kind of games, the prize money changes according to how much you choose to spend. For example, on the new Fluffy Favourites Bingo (Entain version) that is available at Foxy Bingo, you can choose to spend either 2p, 4p, 10p, 20p or £1 on the ticket. If you chose 2p and win, you would get a smaller prize than a player who chose £1 and won.
Best Bingo Sites 5 Pound Deposit Bonus
Here are just some of the bingo games out there with choose your own stakes option: