How To Withdraw Money From An Online Casino Account 2020
Welcome back to captaingambling, your source of reliable information about online casinos! In this article, we're going over a step-by-step guide on how to withdraw money from an online casino account, so you can rest assured you'll be receiving your well-deserved earnings as fast as the policies from the casino have established. It's a fairly simple process if you pay close attention to details, and we're here to point at them.
Before we start, please bear in mind that you should have the following at hand. Some casinos are very strict when it comes to verification.
- A valid Passport or ID
- Your credit card, and a scan from both sides
- Any service invoice with your name and address on it
- Access to your email account for verification
If you managed to focus and deduct what the best moves were by using our Online Gambling Odds explained, there's a good chance you now have winnings to start enjoying. We're proud to have helped you reach your goals, good work!
Unless you're playing at Social online casinos, we assume you have already learned how to deposit money into an online casino account from us. Now, let's have a look at some things to consider before sending your money in and ensure that you have an entertaining experience as good as possible.
Understanding the elements in your bank
These are the most common elements that you'll find stated in your bankroll report, and they are all you need to know to manage your funds professionally. Much of the success you're aiming at when gambling is related to these numbers. Check out our article How to wager through an online casino bonus to help you keep a close eye on the wagering requirements of your bonuses and cash them as soon as you see they're available.
- Cash Balance: Balance of money that qualifies as "liquid" money
- Bonus Balance: The amount of money that has been awarded as bonuses or promotions
- Total Balance: The sum of your Cash Balance and your Bonus Balance
- Bonus summary: Contains your detailed bonus information
- Current Playthrough achieved: How much of your bonuses have been wagered
- Playthrough required: wagering target for your bonus.
Checking the minimum required amount for withdrawal
Every casino has a different policy about what's the minimum amount of money you should have available to remove money from your account. In real life, you may approach your bank and ask for 1$ from your account. You're going to get it. But when it comes to online transactions, there are associated costs that require setting up minimums just to get things in order.
Most casinos are comfortable with allowing that the minimum withdrawal amount is the same as the minimum deposit, but it's your job –and ours to tell you– to go through their Terms & Conditions even before you sign up. It's not attractive to join a casino which minimum withdrawal amount is $100 when you have entered to play with just 20$. Do your homework and read all about it first.
Cost of the transaction
It all depends on how you made the deposit. Some US casinos will transfer the money to your credit card, and you'll see it reflected on your statement. Others work exclusively with wire transfers, which are more expensive for you since your bank is likely to collect a small fee for it. You should consider the costs of your payment method and assess if it is smart to take all the money out, just a portion, or even any money at all. This information is included in our 13 powerful casino tips that actually work article, go check it out!
Step 1: Enter your account from the homepage and go to the cashier
Whenever you're going to deal with money, it's best not to use links from emails or through mailing. Check that you're indeed in the casinos' official website, log in using your account information, and click on "bank" or "cashier." That'll prompt you to the next window.
Most browsers will help you check the site's credibility by adding a closed padlock left to the address bar. Not so long ago, these icons were green, but Google has decided "safe sites should look normal, while bad sites should come out with a warning." Logical. Just make sure yours has the little padlock for now: that's a guarantee that an SSL security protocol is being used to protect the exchange of information anonymity.
Step 2: Click on Withdrawal and select amount and payment method
If your desired amount of withdrawal goes red, you've probably set it north of what you actually have available, or south from the minimum required amount. Either case, please double-check your earnings after asking for refunds, just as you did when we taught you how to open an account in online casinos.
Some online casinos offer direct links to tutorials and the cost of the chosen payment methods. Click over them if you still have some doubts about the operation. If you feel like there's something we should include here in this guide on how to withdraw money from an online casino account, please let us know!
Step 3: Pretty obvious: Click on "Withdraw funds"
Another no brainer, although it does offer the possibility to revise your amount, desired currency, and correct payment method. That's it! You have now started the process of withdrawing your winnings successfully. But we know you still want to know a thing or two about the transaction, so let's have a look at what comes next.
How long do I have to wait for my money to show?
Fair question. Sometimes we feel a little bit disappointed that the casino takes the money so rapidly from us, but when it comes to giving it back, the process is not immediate. Well, that's part of the show, and it has a lot to do with the fact that most casinos are established companies, and the people who approach them must go through a verification process.
There are two processes in the activity of getting your money back to you; the casino's request to the bank, and the banking process. Online casinos usually take up to 48 hours to internally work on a withdrawal request before submitting it to the bank. It all depends on the payment method. Debit and credit cards are usually faster than wire transfers.
The standard time in the industry for the bank to process wire transfers is 5 days, but if you're in the US, and you share banks with the casino operator, that could be less.
How do I check the status of my requests?
All of your transactions are backed up in a "History" tab in your cashier. This is another reason why online casinos are useful because it allows you to manage your bankroll and spending habits properly. If you find there's something wrong with your payment, contact live support immediately. Have your information at hand.
Keep in mind that as apart of their strategy to make you gamble more money, some dishonorable casinos will try to delay the transaction as much as they can. In many cases, they take advantage of those 48 hours and wait until the end, to see if you cancel the withdrawal and play with the money instead of waiting for it. That's a mistake: if you have already decided to withdraw, stick to it!
My money hasn't arrived after a while, why could this be?
Although there are many reasons why your earnings may not be still available at your bank or the casino, we must say we get a lot of reports concerning these two scenarios:
- Wrong information details: You wouldn't believe how long it takes for an online casino to process bad requests. It's tough to get them back on the right track. Take your time before submitting your request form.
- Reverse Withdrawal: Many reputable casinos offer you a chance to repent from sending a withdrawal request, and provide you 24 to 48 hours to call back your decision. Make sure this setting is off, or ask your live support assistant how to disable this service.
Do you feel like you're a go?
That pretty much covers everything you must know about how to withdraw money from an online casino account. It's an easy task if you narrow it to four single steps: Log into your account, go to the cashier, set the withdrawal amount, and hit "send request" or "withdraw." We feel you're now ready to create accounts, practice, deposit money, and withdraw your earnings. Join one of the online casinos featured by captaingambling.
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