Guide to Cashing Out at an Online Casino

Gambling.com Editor

January 22nd, 2019

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Cashing out is one of the more joyful experiences you can have at online casinos as it usually means you are taking some winnings out of your casino account to spend as you please. But don’t start smiling just yet, as there are a few things you need to be aware of to ensure everything goes smoothly.

Things to Consider

1. Withdrawal Limits: Every casino will have these, and they vary. There will always be minimum and maximum amounts of cash you can withdraw from your casino account within a selected period. Get familiar with these on the casino FAQ page.
2. Security: Account verification is often required before withdrawals are permitted. This means you may be allowed to play and win but not withdraw until this process is complete. ID and proof of address will be required so casinos can update their records, verify your identity and meet their regulatory obligations.
3. Wagering Requirements: This is the number of times you need to wager/bet before you can withdraw. This requirement will nearly always apply if you are playing with funds you get through a sign-up bonus. Withdrawal of winnings made from a bonus will be rejected if these wagering requirements are not met so check the bonus T&Cs to learn more.

When to Cash Out

You will usually do this when you have won an amount and wish to convert it to cash. Or you may simply want access to your account balance. Sometimes it is about discipline and you set yourself a limit so that you don't spend more than you can afford. In this case you will cash out and withdraw funds to stick to this pre-set limit.

How to Cash Out

The general steps to follow are:

1. Log in to your casino account and go to the Deposit/Withdraw page.
2. Select a payment method you wish to withdraw to.
3. Select an amount you wish to withdraw
4. Confirm the withdrawal.

You can withdraw to a bank account, card or e-wallet. Your withdrawal method does not always have to be the same as your deposit method, but many people use the same for convenience.

How Long Does Cashing Out Take?

This will vary- there are 2 factors at play here:

1. The online casino processing times
2. Your preferred payment method and their processing times

Let’s look at a few options:

• Bank Transfers: Rarely the fastest but some banks perform better than others- expect 2-5 working days.
• Cards: Generally faster and 1-3 working days is a guideline for Visa and Mastercard
• E-wallets: Fastest. Usually 1-2 days. These tend to have compatible technology with online casinos so the process can happen quicker with Skrill, Neteller and Paypal.

Important

Take a look at the website terms and conditions for further information on withdrawals and expected processing times. Note, faster withdrawal times are often offered as a perk to customers who have worked their way up the VIP level. E-wallets may be faster, but they come with charges to use them.