Chances are, you’ve probably had a go at an online gambling site in the past, won a little cash, and waited for ages to withdraw it. But, here’s the good news: there are different ways of withdrawing your winnings without having to wait so long. Online banking is an important factor to consider when you choose where to gamble online. You need to know which withdrawal methods you can use, how long it will take to cash out, and whether the withdrawals have a fee attached to them or not. Don’t worry, though, we’ve done all the legwork for you and everything you need to know is right here in our casino review withdrawal guide.
Of course, most online casinos in Canada usually only allow players to withdraw if they have been playing with real money. And in order to play with real money, a deposit will need to be made. Luckily, most Canadian online casinos offer a comprehensive list of real money deposit options consisting of the top banking names in the region.
You can usually cash out in three easy steps:
Each of the online casinos that we rate and review do their best to make the withdrawal process as effortless as possible. You just need to follow their on-screen instructions.
The quickest route to unnecessary frustration when you are withdrawing your winnings from a Canadian online casino is failing to bear in mind that there are pending times connected to payouts. These are usually not very long, but the process is definitely not an instantaneous one. The operator will need time to process your request and how long this takes varies from casino to casino.
Don’t despair, though! Generally, the pending period is around 3 business days, and you can cancel your request if you change your mind before this time is up. If you cancel your request, you can continue playing with the funds in your account. If you don’t cancel the request, how long before your money shows up in your account will depend on the method you’ve chosen for the transaction.
Another factor to bear in mind is that each casino will have a set of specific regulations you need to abide by when you withdraw. Read through the Terms & Conditions beforehand, but the most commonly found are:
Most online gambling sites have a broad range of withdrawal options. Typically, you can have the funds paid out using the deposit method you initially chose. However, not all deposit methods allow this, so you need to know what your options are.
Today, some of the most popular payment methods are EcoCard, Skrill, Click2Pay, and PayPal. These e-wallets allow players to store money in your online account so that you can deposit and withdraw from your online casino account without any hassle. The e-wallets are safe, fast, and secure.
Typically, you should ensure that your e-wallet is linked to your checking account so that you can quickly transfer funds between your land-based account and your digital account which you can then tie to your casino account.
Withdrawing your winnings to an e-wallet account takes approximately three working days, and a few more days after that for the funds to reflect in your bank account.
There are plenty of online casinos that allow our Canucks to use their credit cards for withdrawals, and the entire process is easy. All you have to do is provide the card information you gave to deposit with and follow the site’s instructions. Your money usually appears in your account within a week and transactions are safe since most credit card companies use advanced security technologies to protect your money. It is worth noting that you cannot use MasterCard for online casino withdrawals, but Visa is widely accepted.
Canadians often use wire transfers for their online gambling withdrawals. You will need to trust your online casino to make this kind of money transfer, though, as you will need to provide your bank account details. Your winnings usually appear in your account within 10 working days. If the deposit option you used cannot be used to make withdrawals, wire transfers are a great option.
Of course, when making a withdrawal from one of the best payout online casinos in Canada, using a selection of region-specific bank methods is the best way to ensure that you have a hassle-free and user-friendly experience. Some of the common payment options in Canada include Interac Online, ApplePay, and NETELLER, to name just a few. Many of these withdrawal options can also be used as deposit options, and allow for safe and seamless online real money play.
In order to cash out, you will need to fill in the online casino’s withdrawal forms and provide all the information with the request, such as:
While these identification policies may seem excessive, such precautions are put in place to guaranty safety. Once you have provided the information, you can cash out from the online casino when you need to.
The minimum amount the casino allows you to withdraw depends on their rules and the method of withdrawal. Some casinos only allow you to cash out lump sums whereas others are happy for you to take out just $10.
When it comes to bonuses, things get a little more complicated. Some players will see a 100% deposit bonus as a quick way to double their deposit, but it doesn’t work this way. Most bonuses come with play through and wagering requirements, so you will need to play a particular amount before you can turn your bonus into real money. Be sure to refer to the casino’s bonus terms and conditions.
Some online casinos do charge a fee for certain withdrawal options, but those fees are the same from casino to casino and you don’t need to worry about paying more to get your money sooner.
If you get stuck and need help with the withdrawal options and process, the online casinos we rate and review have superb 24/7 customer support in several languages and you can use Live Chat, email, or telephone to access the help desk when you need them.
Before requesting a withdrawal, be sure to check that there are no wagering requirements that need to be completed, as this could delay the withdrawal process. If there aren’t any wagering requirements, visit the Banking page upon logging into your casino account, and select the withdraw option. Choose your preferred payment option and follow the on-screen prompts.
The amount of time that it takes for a withdrawal to be paid to your preferred payment option depends on the payment method that is used. The timeframe can range from between one to seven business days.
Not necessarily. Some deposit methods cannot be used as withdrawal options. In this case the casino may ask you for an alternative payment option to process your withdrawal to.
Some online casinos in Canada may request additional documents when a bigger withdrawal is requested. These documents could consist of a government-issued ID, as well as a utility bill (no older than 3 months). This is as an additional security method to ensure that the funds are paid to the correct person. As a result of this additional step, these withdrawals may take longer to be processed to your chosen method.
Minimum withdrawal amounts differ from casino to casino – however, the most common minimum withdrawal amount is C$20.