When you play at online casinos for real money, the goal is to win and to withdraw funds from your casino site. And when you do, you want those funds in your bank account as quickly as possible, which is why having an online casino with faster payouts can drastically improve your betting experience!
Online casinos typically offer more options to deposit than withdraw, but there are some sites that offer plenty of choices for taking funds out, and do it quickly!
The advantages and disadvantages, minimum and maximum withdrawals, and speed of processing vary from site to site, so we're digging a bit deeper into some of these options to help players decide which withdrawal method to use.
After logging in and choosing the amount of money you wish to withdraw, follow these steps to pull funds out of your online casino account.
If you have any questions or encounter any problems, contact customer support immediately via e-mail or chat, which should be available on any site you use.
So, you may be wondering, "what online casino has the fastest payouts?" We found Golden Nugget to have the fastest withdrawal times. The NJ online casino has many withdrawal options including PayPal and Play+, and both of these options can give you instant payments.
Players are eligible to withdraw funds from an online casino as soon as they complete the wagering requirement (or playthrough) attached to their deposit bonus.
You may be wondering, "what is a wagering requirement?" And if so, you're in the right place. Simply put, the requirement is the number of times a bettor must play the bonus funds before that money becomes available for deposit.
Every online casino has one but some are lower than others and can lead to withdrawing your money faster.
As an example, let's pretend you deposit $50 into an online casino due to a 100 percent deposit bonus, the site matches that investment and gives you $50. If the site comes with a 1x playthrough, you only need to make $50 worth of wagers before withdrawing. If the site has a much larger 10x wagering requirement, you'd have to place $500 worth of wagers before taking any funds out.
Similar situations can arise for existing players who receive a bonus prize or free play from a casino site, which oftentimes comes with designated wagering requirements. In addition to clearing the bonus, players must also keep in mind that at least $10 must be withdrawn at a time.
In the event your request for a withdrawal is denied, you may be wondering: why can't I withdraw from an online casino? The answer is likely due to one of two things.
Most ineligible withdrawals are because the wagering requirement has not been fulfilled. If you are unsure where you stand in regards to this, check your casino's terms and conditions, and don't hesitate to ask customer service to help you find out how close you are to clearing the playthrough.
The other reason for withdrawals to get denied is due to minimums or maximums not being met and players asking to take out too little or too much. Keep in mind that most online casino withdrawal minimums are $10, and maximums can vary depending on the banking method but players are able to take out several thousand dollars per transaction at just about any online casino.
There could also be a limit on how many withdrawals one player can make in a given time, so be aware of your account history as well.
Online casinos utilize a mandatory ID verification procedure with all new players called Know Your Customer (KYC), which is a completely necessary process to ensure security for online casino enthusiasts.
As a result of these KYC procedures, your initial withdrawal might take extra time to process but its purpose is to protect online casinos from those who wish to use them to commit fraud or money laundering. KYC is also used to identify underage players and those who try to get extra bonuses by opening multiple accounts.
How it works is simple. After signing up as a new player at any legal online casino in the US, you will be required to furnish acceptable proof of your identity, age, and residential address. But that's not all because as part of the KYC procedure, the casino might ask you for additional documentation prior to processing your first withdrawal.
Take a look at the below examples of acceptable proof of identity and age:
In addition, you may need one of the following to fulfill the requirement for proof of address:
There are several reliable options when it comes to selecting a banking method for your online casino instant withdrawal. Some are quicker than others but there are still multiple methods to learn about and choose from, including the following.
PayPal is one of the most widely used eWallets in the US, so it should come as no surprise that it is a very popular method for both deposits and withdrawals at the many NJ and PA online casinos that accept it.
PayPal allows you to keep your financial information and can be used for a very wide range of financial transactions from just $10 to $5,000 per day at some sites.
The fastest way to make withdrawals through PayPal is to transfer the funds to your PayPal debit card, which can also be used to take out cash from an ATM, make purchases or pay bills almost immediately. It is possible, however, that PayPal will charge a small fee for the service.
Even if you are looking to transfer funds into a bank account, PayPal is still one of the fastest online casino withdrawal methods. The money will likely take less than 24 hours and up to three days to reach your PayPal account from the casino site before becoming eligible for transfer to your bank account, which may take a couple of more days but some transactions are processed within hours.
Please note that at some online casinos, you can only use PayPal as a withdrawal method if you also used it as a means of deposit.
If an online casino as a Play+ option, such as Golden Nugget and Hollywood Casino, you can be assured that your money withdrawal will happen almost instantly. Due to this fact, you should consider Play+ as an option when setting up your payment method upon joining an online casino. To learn more about Play+, read about prepaid casino options.
Skrill is another safe and reliable eWallet that can be used at online casinos for both deposits and withdrawals. Skrill, whose headquarters are based in the UK, is only starting to gain popularity in the US, so it's worth noting that only a handful of online casinos currently offer it.
Skrill charges higher fees than other banking methods and players who use it to make deposits are locked into using it for withdrawals as well. With that said, big bettors like this method because it offers very high limits on both deposits and withdrawals. Another bonus of Skrill is also faster than some other methods, oftentimes processing withdrawals in a 24-hour span, although transactions could take up to 3-5 days in total.
If you prefer, you can select an eCheck/ACH as your method of withdrawal, which is offered but all online casinos. Because you bypass the need for a middleman, all transactions are completely free and you won't have to worry about transferring funds twice, first from a site and then from your banking method of choice (PayPal, Skrill, etc) to your bank account.
The negative side is that the withdrawal process takes longer than with eWallets. Allow up to 5-7 business days or even longer from the time you request the withdrawal until the time the money gets back into your checking account.
This is a safe way to transfer large sums of money back and forth between your bank account and your online casino account. This method comes with a high minimum and high fees but also a very high or no maximum, so it is strictly for high rollers. Withdrawals can take 5-7 business days.
If you need the money you are withdrawing in a hurry, one of our best options is to visit the affiliated land-based casino. Then go to the casino cashier's cage and receive the requested cash instantly without any need for online banking.
Here is a quick summary of the expected online casino withdrawal times for each of the methods listed above:
Yes, most methods are available for both deposits and withdrawals including PayPal, Skrill, eCheck/ACH, bank transfer, and cash of course.
In fact, some online casinos have a policy that deposits and withdrawals have to be done the same way, depending on the method that is used. If a player is using Skrill, for example, the site may force him/her to use it for both deposits and withdrawals.
No, the withdrawal amount should not impact the processing time of the request. Whether your withdrawal is for $20 or for $200, there shouldn't be any extra time to wait due to the amount. In the overwhelming majority of cases, there is no difference.
One caveat, however, could be if a player requests funds in excess of the normal range for standard online casino withdrawals or if the requested amount nears the maximum allowed for a given banking method. In these cases, it could take a bit longer to process the transaction before those funds are released by the site.
No, there are no withdrawal fees when taking funds out of your online casino account. These extra charges come into play when making deposits, but not so much when it comes to withdrawals.
Whether or not you incur deposit fees as an online casino player is dependent upon the method used. ACH and cash withdrawals at the affiliated land-based casino are completely free, as is using PayPal or Skrill as an intermediary between your bank account and the casino.
If choosing to deposit directly via credit or debit card and have no PayPal account, however, these banking systems do levy a small fee.
Yes, you can visit the affiliated land-based casino and make a cash withdrawal at the casino cashier's cage. This service is available 24/7.