Is It Easy To Withdraw Money From An Online Casino
When you sign up at a new casino, you probably have a list of things to look out for right? How can you fund your casino account, what bonuses can you pick up for signing up, what games are on offer etc.
As these are all immediate, and exciting, things it’s only natural that these are the features we pay the most attention to. However, this does mean that players often overlook features that they won’t be using until a later date, predominately, how can you cash out and retrieve your winnings?
Most casinos have a minimum deposit or withdrawal limit, which the players must meet to make a withdrawal. For example, a casino might have a $10 minimum withdrawal amount, which means that players must have won over $10 to cash their winnings. The payment conditions may also depend on the payment method you are using. Every casino will impose withdrawal limits on their players. These are the minimum or maximum amounts of cash you can withdraw from your casino account within a selected period. Therefore, if you’re struggling to withdraw it could be that you’ve reached your limit. Another common limitation associated with free no deposit bonuses at online casinos include the withdrawal amounts being limited. Sometimes they will only allow players to win a limited amount of money and withdraw only it. Thus, if the limited withdrawal amount is $200, even if you won the $10,000 jackpot you’d only be able to bring home the.
Withdrawing at a casino can often be one of the most stressful parts of the whole casino experience as some casinos make it very difficult for players to get their hands on their winnings! However, this shouldn’t be the case and there are plenty of great casinos around which do offer speedy and straight-forward withdrawals.
In this guide, we’ll discuss the following:
- How you can make a withdrawal at an online casino
- All the major payment methods that you can use to do so
- What to do if anything goes wrong
- BONUS: we’ll also be looking at why it’s important to cash out regularly, and how this can impact your gambling success.
How To Make a Casino Withdrawal: A Step by Step Guide
At most reputable casinos, withdrawing is a pretty easy affair. It usually takes a matter of seconds and can be done by simply vising the casino using whichever device you’ve chosen to play on, be that via desktop, tablet or mobile.
However, withdrawals for new players or at a new casino can often feel a little daunting. Luckily, most casinos operate in the same way and so you can simply follow these four steps to get you started:
- Log in to your casino account and visit your ‘casino wallet’ or banking page.
- Select a payment method.
- Click the withdrawal option and input how much money you want to take out of your account.
- Click confirm to make sure the withdrawal request has been made successfully.
That’s it! We told you withdrawing at a casino would be a walk in the park! However, whilst requesting a withdrawal may be easy, there are plenty of other factors you should consider before deciding to cash out.
What Withdrawal Method Should I Use?
When you make a withdrawal at an online casino, you will generally have to make it via the same method you deposited with. This is due to anti-money laundering regulations, although there are some exceptions to this rule e.g. if you originally deposited via a method which doesn’t accept withdrawals.
With that in mind, when you choose a certain depositing method at a casino you should consider how withdrawals are processed via that method too. The popularity of the online gaming industry means that there are now more payment solutions for online casino players than ever before, yet each comes with its own advantages and disadvantages. You should weigh these up to decide which method is best for you.
How Long Do Withdrawals At Online Casinos Take?
As you may have noticed from the table above, it can take a different amount of time to receive your withdraw depending on which withdrawal method you’ve chose. All withdrawal requests are subject to a withdrawal processing time.
This is the time in which it takes for the casino to receive your withdrawal request and accept it. This changes from site to site, but most decent online casinos will process withdrawals within a 24-48 hour period.
After this, withdrawals can be quicker or slower depending on which method you’ve used. Below you can see the average total time a withdrawal will take via some of the most popular methods:
Neteller | 1 – 2 working days |
Skrill | 1 – 2 working days |
PayPal | 1 – 2 working days |
Credit/Debit Card | 2 – 5 working days |
Bank Transfer | 2 – 5 working days |
Cheque | 5 – 10 working days |
Why Can’t I Withdraw?
If you’ve found that you’ve requested a withdrawal but it’s not been accepted, this could be due to a number of factors. Before you go ahead and contact the casino’s customer service department, it’s useful to check whether any of these things could be restricting your ability to cash out:
Wagering Requirements
If you’ve taken advantage of a casino bonus or won casino funds via a promotion, then your withdrawal could be being rejected because you haven’t cleared wagering requirements.
Wagering requirements are generally expressed as a multiple (e.g 20x) and signify the amount of times you need to wager bonus cash before you can withdraw it. These requirements prevent players from simply picking up bonuses and then withdrawing the cash and vary from casino to casino. Check your casino’s terms and conditions for specific details.
Withdrawal Limits
Every casino will impose withdrawal limits on their players. These are the minimum or maximum amounts of cash you can withdraw from your casino account within a selected period.
Therefore, if you’re struggling to withdraw it could be that you’ve reached your limit. Withdrawal limits also vary from casino to casino, and from payment method to payment method so it’s always wise to check your casino’s terms and conditions.
Alternatively, your withdrawal could be rejected if you’ve requested an amount under the minimum withdrawal limit. Casinos often require players to only make withdrawals above a certain amount (usually around £20), so that they don’t have to process hundreds of smaller payments.
Security Checks
All UK companies, including online casinos, must adhere to ‘Know Your Customer’ laws, which were designed to prevent money laundering. This means that a casino may be required to obtain identification from you before you they can process your withdrawal request.
In some circumstances, you may also be asked for proof of address such as a utility bill. In general, you’re more likely to be asked to verify your identity if you’re withdrawing via a different method to the one you deposited with.
The best feeling in all of gambling is to make a big withdrawal. It’s one thing to play; it’s one thing to win but it’s a whole other thing to see your bank account swell after a huge cashout. At live casinos, all you have to do is take your chips to the cashier’s cage. Online gambling is a little different because you need to withdraw the money electronically.
Although it is nice to get cold hard cash in your hands after a day of gambling, there are some advantages to withdrawing from a gambling site. One of these advantages is that you can withdraw the money directly to your bank account. This avoids the trouble (and danger) of walking home with a bunch of cash in hand.
There are several ways to withdraw from online casinos. The withdrawal options that are available depend somewhat on your country of residence. Players from the US will have certain withdrawal options available while players from Europe will have others. In some cases, the same deposit methods are available around the world.
Best Withdrawal Methods
There are three different withdrawal methods that I consider the best:
- Wire Transfer
- ACH Transfer
- E-Wallets (non-USA players)
- Cash Transfer
The wire transfer method is the best if you’re totally done gambling. If you’re planning on cashing out and spending your casino winnings on something fun, the wire transfer method works well because it sends the money straight to your bank account. The one disadvantage of the wire transfer withdrawal is that it often has high minimums.
Thus, the wire transfer method is the best for large withdrawals. If you still want to spend your money, but you don’t have a massive amount to cash out, the ACH transfer is a better bet. ACH transfers also send money straight to your bank account, but they work with smaller transactions. ACH transfers do not support large withdrawals so this method is the best for smaller amounts.
E-wallets such as Neteller, PayPal and Skrill (Moneybookers) are better withdrawal methods if you are withdrawing from one casino with the intention of moving your money to another casino. People often transfer money to different casinos in order to take advantage of deposit bonuses at other casinos.
The advantage of using e-wallets is that the money does not go directly to your bank account. Instead, the money is sent back to your e-wallet account. This process is faster for moving money from one casino to the other because you don’t have cash all the way back out to your bank account. In other words, it’s a lot faster to transfer money between casinos with an e-wallet.
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The disadvantage is that e-wallets usually aren’t available to players in the United States. Banking laws make it difficult for e-wallets to stay in business for any length of time. These days, most casinos don’t even give the e-wallet option to their USA customers.
Cash transfers use a network of cash transfer stations such as Western Union to put real cash in your hand. This method works best for withdrawals around $50 to $1,000 in size. All you have to do is visit your nearest Wal-Mart or wherever else there’s a station and give them an account number.
Notes
Online casinos sometimes require you to withdraw via the same deposit method that you used to deposit. So if you use Skrill to make a deposit, you will also have to use Skrill to withdraw later. A little advance planning is necessary when choosing your deposit method. Make sure that you deposit via a method that you’re also willing to withdraw with.
Note that this is not a hard and fast rule. Most gambling sites are not able to process withdrawals back to credit cards. So if you use a credit card to deposit, you’ll be able to withdraw via a different method when you’re ready to cash out your winnings.
I understand this is a little annoying, but online casinos do this to protect themselves. They feel the most comfortable when you use the same method to withdraw that you use to deposit. Credit cards are usually an exception to the rule.
If you ever have any questions about depositing or withdrawing, give your online casino a call. I’ve called the help line for gambling sites in the past and they were quick to provide answers. It never hurts to call if you have any questions or concerns.
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Best Online Casinos for Withdrawals
One of the nice things about the current state of the online gambling industry is that withdrawals are processed quickly. As long as you play at a reputable casino, your cashout requests will be honored in a timely manner. Players from the US will be glad to know that casinos are often faster than poker sites when it comes to processing withdrawals.
Most of the US-friendly poker sites that I deal with today only process cashouts via paper checks. In many cases, these checks take several weeks to process. Online casinos are often much faster than poker sites. This isn’t always the case, but in my experience it’s usually true.
Anyways, the most important thing is that you play at safe online casinos. Here are a couple that I recommend for US casino players:
Is It Easy To Withdraw Money From An Online Casino Winnings
And here is one that I recommend for non-US players:
Is It Easy To Withdraw Money From An Online Casino No Deposit
If you stick with these casinos, you’ll have a pleasurable experience playing and withdrawing. Now, all you have to do is play a smart game, get lucky and win a big jackpot. Here’s to many large withdrawals in your future!