£5 Minimum Deposit Casinos

We’ll state the obvious and firstly say that these are online casinos where the minimum amount you can deposit is just £5; that goes without saying. However, there are a couple of things to note just so you don’t get confused, especially when there are offers presented.

First of all, you may see a site advertised with a minimum £5 deposit, yet when you click into it, you see something like ‘deposit £10 and get 100% bonus’, with no £5 option to be seen? This is because many online casinos will only offer new players a deposit bonus with a minimum deposit of £10 or £20, but then once you’re a registered player, you will be able to just deposit £5 at a time. This is done mainly because online casinos now have to pay additional tax on bonuses offered and this can be very costly, especially when a player only deposits £5 in return.

Of course, in most cases you can by-pass the welcome offer and just deposit your fiver and get straight into the action, but if you want to claim any welcome bonuses, just double check the minimum deposit requirement for that.

Another thing to note is that even though the minimum deposit may be £5, it might not be applicable to all payment methods. So for example, you may be able to make a £5 deposit with your debit card but not via e-wallets. Again, this is due to processing fees.

Although many online casinos impose a higher minimum deposit for bonuses, there are still plenty of sites out there where you can deposit £5 and still receive a bonus, either in the form of free spins, a deposit bonus or both.

A free spins offer will give you a set amount of spins on either a specific slot game or slot games from a specific provider once you make your initial £5 deposit.

A deposit bonus will give you additional credit to play with once you have made a £5 deposit. They usually are something like ‘deposit £5 and get 100% bonus’, meaning that if you deposit £5, the online casino will give you another £5 in credit to play with.

Often you will see bonuses which combine the two, giving you free spins and a bonus. This is a great way for players to try out a new site, get a feel for the design and theme and test drive some slot games, before deciding if they want to continue playing and depositing there.

No, definitely not. Most online casinos have a £10 or £20 minimum deposit threshold with fewer and fewer sites allowing a £5 minimum deposit. It is completely up to the casino to choose their minimum deposit, so check on their banking options or FAQs pages if you need to double check.

This is a little trickier to answer as it depends if you have made a £5 deposit with a bonus offer or if you have just deposited £5 into your existing casino account.

If it’s the latter and you’ve deposited without a bonus, then yes, you can certainly win large jackpot prizes from £5 deposits. We often see stories in the news of players winning millions from a single low bet; all you need is to get lucky and hit the jackpot from one spin and you’re quids in!

If it’s the former and you’ve deposited and used a bonus, then it’s a little more difficult due to bonus conditions that are often imposed. If you’ve claimed either free spins or a bonus on your £5 deposit, then you usually have wagering requirements to play through (I’ll come on to those shortly) and maximum win caps. A maximum win cap is just that; so even if you win a jackpot prize, if the maximum win amount is just £20, then sadly, that’s all you win!

Not all bonuses come with a cap on winnings, but it’s certainly worth double checking so you don’t end up disappointed.

The next hurdle to jump is the all-important wagering requirements. You’ll often see terms such as ‘40x wagering on bonus’ as part of the T&Cs and you really need to take note of them as they can drastically affect your chances of being able to withdraw any winnings from bonuses.

Wagering requirements are the amount of times you need to wager a bet before you’re able to withdraw winnings. If you deposit £5 and get a £5 bonus with 40x wagering and let’s say you won £100, you would have to wager your £5 bonus 40 times (so £200 in bets) before you could withdraw anything. So, unless you win a huge amount or continue to keep winning and winning, the chances are you will run out of money before meeting wagering requirements or be left with very little after.

The same applies to free spins. If you claimed an offer such as ‘Deposit £5, get 50 free spins, with 40x wagering’, if you won £20 from your free spins, you would then have to wager another £20, 40 times (so £800 in bets) before you can withdraw your winnings.

Wagering requirements can trip up so many players, so make sure you check the terms and conditions so you know exactly what to expect when claiming bonuses.

Now you know how wagering requirements can affect your ability to win and withdraw real money, you’re now wondering if low minimum deposit sites with no wagering exist?

Yes, they do and they’re really popular with players due to their no-nonsense approach – what you win, you keep.

What you will tend to notice is that you won’t get as many free spins or the bonuses won’t be as generous, but when you compare a 2000% bonus with 40x wagering to a 100% bonus with zero wagering, you’ve probably got a much better chance of keeping any winnings.

• Allows players to try out and get a feel for new casino sites with just £5
• Enables players to deposit much smaller amounts and stick to their budgets
• Gives players the chance to win large jackpots with just £5
• Still gives players welcome bonuses and free spins on a £5 deposit
• Players may be more likely to try out a new casino site with just a £5 deposit compared to a £20 minimum deposit

• If you play with free spins or a bonus, it may be difficult to actually win and withdraw real cash
• You may not be able to claim any bonuses with just a £5 deposit
• Not all deposit methods accept the £5 minimum and you may be limited in how you choose to credit your online casino account
• Not all casinos are £5 minimum deposit sites, so you may be limited in your choice of online casino