What is a Bingo Deposit Bonus?
As a means of encouraging you to splash the cash at an online bingo site, many online bingo operators offer rather tasty bonuses that reward you for paying into your account. It’s a bit like a thank you for depositing funds. When you pay in, an online bingo site will calculate a proportion of that amount, and can match, double, or even triple it to give you some extra money to play with. Although the amount of numbers can seems a little confusing at first, with a little know how, it’s simple to find the best bingo deposit bonus that gives you more for your money!
How are deposit bonuses calculated?
A bingo site will automatically calculate your deposit based on how much you put in. Rather than a fixed amount, deposit bonuses are based on fixed percentages. So some bingo sites may offer you a 100% bonus, others 200% and some up to 400%!
What types of deposit bonus are there?
There are two main types of bonuses. The first is when you join – known as your first deposit bonus. When you sign up to a bingo site, you have the option to deposit funds into your account. And as a special “welcome”, new players generally receive a higher percentage than redeposit bonuses. So a top tip is to make the most of it. If you deposit £50, at a site with a 100% deposit bonus offer will give you £50 for free, meaning you have a total starting fund of £100!
The second type of bonus offered by online bingo sites is a reload, or re-deposit bonus. This means any subsequent bonuses will be topped up by the online bingo site. Generally, the rate for a redeposit bonus is around 50% – meaning whenever you deposit £10, you’ll get £5 as an ongoing thank you!
With all of our reviewed online bingo sites, we break down the deposit offers available to you, meaning you don’t have to do any of the hard work. So whether you want to cash in with a big one off welcome deposit bonus, or keep gaining rewards with a great redeposit rate, you can do so without any of the hard work – giving you more time to enjoy your bonus with some games of bingo!
