“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

  

  Spin Up Casino

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  T&C’s Apply

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  Wagering x20 (x40 for UK players).
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• 2

  

  Casumo

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  Free Spins Before Deposit

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  T&C’s Apply

  Terms and conditions - Casumo

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

  For Casumo’s terms and conditions, please visit this link.

  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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• 3

  

  Temple Nile Casino

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  €500 Bonus + 30 Extra Spins on Wild Scarabs

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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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• 4

  

  MrGreen

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  6 years ago! Casino review

  Free Spins Before Deposit

  €100 Welcome Bonus + Free Spins

  100% up to €100 + 100 Free Spins (on first deposit)

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  T&C’s Apply

  Terms and conditions - MrGreen

  Wagering: x35

  The minimum deposit to qualify for the welcome bonus at Mr Green is €20. 100 extra free spins after €20.00 wager will be credited in the course of 20 days, 5 free spins a day. Mr Green will deduct the complete bonus as well all generated winnings if you request a withdrawal before the wagering requirements are fulfilled.

  Possible winnings generated with the no deposit free spins need to be wagered 35 times.

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• 5

  

  Dream Vegas

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  £400 Welcome Bonus + 50 Free Spins

  200% up to £400 + 50 Free Spins on first deposit

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  T&C’s Apply

  Terms and conditions - Dream Vegas

  Wagering: x35

  UK only: 18+. New players only. One bonus offer per player.

  Minimum deposit £20. Max bonus bet is £5. Bonus spins on selected games only and must be used within 72 hours. Bonus funds must be used within 30 days otherwise any unused bonus shall be removed.

  Bonus funds are 200% match up to £400 on your 1st deposit, 50% match up to £3000 on your 2nd deposit, and 60% match up to £1500 on your 3rd deposit. Bonus funds are separate to Cash funds, and are subject to 35x wagering the total bonus, cash & bonus spins.

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