How To Withdraw Your Winnings From a New Casino

How to Withdraw Real Money from Online Casinos

Once you win, the cashout process is relatively straightforward, and many online casinos offer near-instant withdrawals. Here is a step-by-step guide on how to get your cash:

1. Log in to your online casino account - Head to your new casino site and enter your username and password.
2. Go to the casino's "Cashier" or "Wallet" page or the equivalent - Navigate the banking section, usually located in the top right of the site.
3. Select the "Withdrawal" option - Choose "withdrawal" from the banking options.
4. Choose your preferred payment method and fill out any required information - Most online casinos need you to use the same payment method for deposits and withdrawals.
5. Enter the amount of money you want to withdraw from the online casino - Input the amount you wish to withdraw. This can be all of your winnings or just a part.
6. Confirm the withdrawal and wait for the request to be processed - Confirm the amount you want to cash out, and the casino will begin to process your request and deposit your real cash winnings to your account.

How Long Does Cashing Out at Online Casinos Take?

Cashing out your winnings at an online casino is a process that takes time and sometimes takes up to five working days. There are two stages to withdrawing your cash:

First, online casinos need time to process your request. Each casino has its own timetable, but most online casinos take 1 to 3 business days to process withdrawal requests.

Second, payment methods vary in the time it takes to complete the operation. From Visa Quick Funds in a few hours to bank transfer in a few days. Here are the most common payment methods used in the UK and how long it takes to complete a withdrawal using them:

• Debit Cards (Visa / Mastercard / Maestro) - 1 - 5 Business Days
• E-Wallets (PayPal / Skrill / Neteller ) - 1 - 3 Business Days
• Bank Transfers - 2 - 5 Business Days

Remember, these are only estimates. Verification checks can take longer, so always ensure that when you register with a casino, you provide them with all the necessary information to help speed up the process. Check out our guide here for more information about registering with a new casino.

Sometimes, your withdrawal will be faster than expected. Each request will vary but should be within the expected timeframe.

What Restrictions are in Place for Withdrawals?

Every casino has specific regulations regarding making withdrawals, usually related to your welcome bonus. These are the most common restrictions:

Wagering Requirements

This refers to how many times you need to play through your bonus before you can make a withdrawal. For example, if you have a £100 bonus with a 30x wagering requirement, you will need to wager 30 x £100, or £3,000, before you can withdraw funds won from the bonus. Some casinos require you to play through your deposits as well. In this case, the wagering requirement would be (100+100)x30, or £6,000.

Withdrawal Limits

Most casinos limit the amount you can withdraw over a certain period. Casinos usually set daily, weekly, and monthly withdrawal limits. These limits can vary depending on the casino, payment method, and whether you have VIP status.

Amount Limits

Although some casinos may allow you to withdraw a significant amount of money, the payment methods themselves often have limitations on how much they can receive in a specific timeframe.

Identity Verification

To keep your account safe and prevent fraudulent activity, UK online casinos require you to complete an identity verification process before they can withdraw funds. This process involves providing the casino with copies of identification documents such as a passport, driver's license, or utility bill. The verification process can take several days to complete, so it's best to complete it as soon as possible to avoid any delays in withdrawing your winnings.

Points to Consider

If you want to know more about how to play online slots, we have put together a guide to help you spin the reels and boost your chances of hitting it big.