“Withdrawal” – What does it mean?

Published on 13th August 2019 by Therese

When speaking generally, the word withdrawal needs no explanation as to its meaning. The same could be said when talking about bank withdrawals, but the story changes when it comes to casino withdrawals.

Comparing bank withdrawals to ones from casinos is not a mistake entirely, but sometimes the situation might be a little more complicated. 

Many casinos have limitations that can come in different forms and can change from casino to casino. Therefore it is always a good idea to check and read through the terms and conditions of any casino you wish to play in. 

In this article

You’ll find a breakdown of:

• The differences between withdrawals at land-based casinos and online casinos. 
• An explanation of the different kinds of limitations a particular casino may have.
• Quick tips to make withdrawals easier!

Withdrawals at Land-Based vs Online Casinos

Of course, the biggest change between these two casino types is that in the case of a land-based casino, you will have to carry the money physically. With online casinos, this is not the case as the money is deposited into an account of your choosing.

While this is very convenient, it is important to keep in mind the often casinos impose a 48-hour or more waiting time, until the funds are transferred. Remember also that some other casinos might try to convince you to not withdraw your funds and play on in the meantime; of course, if you wish to do this, then do so, but if not, simply decline any offers made.

Withdrawal Limitations

Amount Limits

As you might imagine, casinos would not want their players making requests to withdraw every tiny winning they might earn, and they would also not like them shifting around huge sums of money either. In response to this, most if not all casinos will impose minimum and maximum withdrawal limits, which control how you can withdraw your money, quite strictly at times.

These limits are simply numerical figures which let you know how much or how little money you can withdraw at any one go and are usually fairly reasonable.

Time Limits

Time limits are when casinos only allow a certain amount of withdrawals within a given time, for example, a week. While very annoying, this limitation can be worked around with a little bit of patience and is only in place to protect the casinos from massive shifts in money.

Fees

Some casinos will also impose fees on their customers when they are trying to withdraw money. While these can be annoying, they are not altogether too common. 

Reasonable withdrawal fees are 2-3 credits for cashing out to a credit/debit card and 30-50 credits for a cash-out by cheque.

Quick Tips

Account Verification

Almost all casinos will ask you to verify yourself once you try to withdraw any funds, this is both for legal and security reasons. It might be helpful for you to complete this process from beforehand so that you avoid the hassle of it later on.

E-Wallets

Using E-Wallets such as Skrill or Paypal will usually speed up the process of getting your withdrawal. It is important to keep in mind though, to specifically search for casinos that support your E-Wallet brand.

We hope that with this information in mind, our readers will make smarter choices while playing and feel safer with the knowledge they’ve gained.

Check below for our top casinos where a broad selection of deposit and withdrawal methods are available.

• 1

  

  Casumo

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  Wagering: x30 (UK players have zero wagering requirements on their sign up Free Spins)

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  In general, the bonus terms and conditions of Casumo are really fair. You can withdraw if you did not yet wager your bonus and will only lose your bonus money. You need to wager a bonus 30 times before you can withdraw, free spins you need to wager 30 times. There are different wagering contributions per game, which can be found on the terms and conditions page above.

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• 2

  

  SlotsMillion

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  T&C's Apply

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  Wagering: x48

  18+. New customers only. Minimum deposit of £20 required. 48x Wagering requirements on both the money and spins bonus. Maximum bonus bet is £3. Limit of withdrawal from Bonus Spins winning is £200.

  Any unused extra spins and, or, bonus money will expire after 7 days. T&C Apply.

  Alongside the 100% up to €100 bonus, you’ll also receive 100 bonus spins, split into blocks of 20 per day, for your first deposit on NetEnt’s Gonzo’s Quest, Twin Spin, Jack and the Beanstalk, Spinata Grande and Fruit Shop respectively.

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• 3

  

  Slotty Vegas

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  Wagering: x35 on bonus + deposit

  Players from Estonia, Canada, Portugal, Bulgaria, Romania, Mexico, United Arab Emirates, Latvia, Lithuania are not eligible to receive the free spins offer stated in this welcome pack.

  You cannot use Skrill, Neteller or EcoPayz to activate the bonus, and it needs to be wagered within 7 days. The maximum bet for wagering is €5 or equivalent. Any larger bet will be capped at that amount.

  Winnings derived from promotional free spins will be converted to bonus funds with a wagering requirement of x35 the value won. The requirement must be met in order to convert the winnings to real funds.

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• 4

  

  Campeonbet

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  T&C's Apply

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  Minimum deposit eligible for this promotion is €30.

  Welcome Casino Bonus AND Deposit are subject to wagering requirement of thirty-five (35) times.

  The Freespins are available on: Ruffled Up, 5 Mariachis, Coyote Crash, London Hunter, Kane’s Inferno, Roman Empire, Haunted House + Aztlan’s Gold.

  Players have 48 hours to meet the wagering requirement for this promotion. If the player has not completed the requirements within that time the winnings from the Bonus will be removed.

   

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• 5

  

  888

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  Exclusively at NetEnt Casino

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  Terms and conditions - 888

  Free Play Terms

  Wagering requirements: 30x

  Offer is available to players in the UK, Germany, Austria, Canada, Sweden, Switzerland and Ireland.

  Max total FreePlay win under this promotion is €15, unless a player hits the Jackpot. FreePlay wins will be credited to the player’s account only after the player has finished playing all of the FreePlay granted under this Promotion.

  All winnings related to FreePlay granted under this Promotion must meet the wagering requirements within 90 days of being credited to a member’s account, if such winnings are not used by a player such winnings will be removed after the 90 (ninety) day period.

  Deposit Terms

  New players only • £20 min deposit • 100% up to €140 Bonus • Bonus wins are capped at £500 • To withdraw bonus & related wins, wager 30 x (bonus amount) within 90 days • Wagering req. vary by game • This offer may not be combined with any other offer • Deposit balance is available for withdrawal at any time •

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• 6

  

  Temple Nile Casino

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  1 year ago! Casino review

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  T&C's Apply

  Terms and conditions - Temple Nile Casino

  Wagering is 40x the total of bonus money, deposit and extra spins. Wagering must be completed before any funds can be withdrawn.

  Minimum deposit of €20 is required.

  This welcome offer is valid for new players only, and for the first

  The maximum bet allowed whilst the welcome bonus is in play is €5. Should you bet higher than this while the welcome bonus is in play, Temple Nile reserves the right to confiscate all winnings.

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