We’ll take you through all you need to know about the money withdrawal process so that you know exactly what to expect when it comes time to cash in them sweet dollars and celebrate your good fortune.
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Making a deposit to an online casino account is a simple and typically immediate process, but making a withdrawal has some additional stipulations. Don’t be alarmed – the process for withdrawing winnings from an online casino is just as straightforward and easy but there are some waiting times, withdrawal limits and restrictions on what payment options are available.
Withdrawal processing times
When choosing a secure deposit methods like Visa, MasterCard, POLi, Neteller or Skrill to supply your casino account the funds are available for you to use straight away, so you can start spinning reels on the pokies or chucking a red bet on roulette immediately.
Withdrawing winnings takes time, and just how long that is will depend on the individual casinos auditing time. In some cases withdrawals can be processed within a few hours, but generally it will take between 24 and 48 hours before winning funds hit your bank account, with some taking from three to five days.
The waiting period is a combination of the casino ensuring your winnings are properly allocated, that you meet the requirements of any terms and conditions of a promotional period (if applicable) and that you’ve provided the required information to confirm your age and identity.
When you request a cash-out at an online casino, these funds then go into a holding account as the casino processes things from their end. During that holding time, you have a certain timeframe in which you can change your mind and request that the funds remain in your casino account if you decide you’d rather use those winnings to gamble further.
As a guideline of what to expect, the following withdrawal processing times apply at some of our favourite Internet casinos:
- Casino Mate – 24 hours
- Guts Casino – one to three days for credit card and bank transfer, instant for Neteller, Skrill and WebMoney
- Royal Vegas Casino – 24 hours
Note: additional waiting periods may exist depending on any processing times enforced by your bank or chosen payment system. For processing times independent of the casino, contact your financial institution directly.
Payment options for withdrawing winnings
In most cases, an online casino will endeavour to pay out your winnings using the same payment method you used to make your deposit, so if you loaded your real money account using Neteller, the venue will pay winnings back to your Neteller account. This isn’t always the case and it’s up to the casino operator’s discretion to make the payment by whatever option is available to them at the time. Popular payment methods for withdrawing cash from our recommended online casinos include:
- Bank transfer
- Visa & MasterCard credit and debit cards
Note that processing times can vary depending on your chosen withdrawal method. Refer to the individual casinos banking guidelines or withdrawal FAQ section for further details.
Minimum withdrawal limits
Online casinos enforce minimum withdrawal limits, which means you must have a certain amount of money in your account before you can claim your winnings. These minimum withdrawal restrictions are low and shouldn’t bring any issues; we’ve listed some examples to give you an idea what to expect:
- Casino Mate – $50 cash out minimum
- G’day Casino – $30 cash out minimum
- Guts Casino – $20 cash out minimum
- Royal Vegas Casino – $50 cash out minimum
There are also certain restrictions regarding what you can and can’t withdraw pertaining to any promotional offer. For example, if you have racked up a certain amount of winnings by playing with free spins, there may be further wagering requirements you must meet before those winning funds are available to cash out.
Always check the terms and conditions of any promotional offer or casino bonus to ensure you know the wagering requirements to avoid any potential disappointment.