So, you’ve signed up for an account with an online casino, have taken advantage of the welcome bonus on offer, played a few games and racked up some winnings, but now what? How do you turn your winnings into cash in your hand? We explain all you need to know about withdrawing your bonuses and real money winnings from an online casino.
Best online casinos with deposit bonuses
How to withdraw your casino winnings
When you play at an online casino, any winnings you make are automatically credited to your casino account, where they sit until you’re ready to cash them in. When it’s time to withdraw your funds, this is a relatively easy process and will only take you a couple of minutes to complete. Here’s how easy it is to cash-in your winnings:
1. Sign into your online casino account.
2. Go to the casino’s banking or cashier section and select withdrawal.
3. Select your withdrawal method and the amount of money you wish to withdraw.
4. Follow the prompts to enter your payment information and complete your transaction.
The most important thing to be aware of is that most withdrawals come with a processing time of at least a day or two, so you won’t necessarily get immediate access to your winnings. This is due to the casino verifying your account before processing your payment, along with any processing times required by your chosen payment provider. However, improvements to web wallet services like Neteller and Skrill mean some transactions can now be processed on the spot. It’s entirely dependent on the venue.
Withdrawing bonus money
Please be aware that you’re required to hit certain wagering requirements before you’re able to withdraw any money from an online casino. This means you’ll need to spend a certain amount of money at the casino before you’re able to benefit from the free credits you were offered. Some casinos also impose a cap on how much money you are able to win when playing with bonus money. Always check the terms and conditions of a bonus offer so you understand your requirements.
For further information, read our detailed page regarding online casino bonus wagering requirements.
What withdrawal methods are available?
The withdrawal options available vary from casino to casino, and may differ from the deposit options on offer. If there’s a certain banking option you’re hoping to use to cash-in your winnings, always check the terms and conditions of a casino before signing up to ensure that will be a valid option.
Here are the withdrawal options available at our recommended casinos, which will give you an idea of just how varied each venue can be:
- Guts – Instant Banking by Citadel, direct bank transfer
- Royal Vegas Casino – Visa, MasterCard, Neteller, Skrill, ecoPayz, Entropay, direct bank transfer
- 32Red – Visa, MasterCard, Neteller, Skrill, ecoPayz, Paysafecard, Citadel, direct bank transfer (Note: Australian players are no longer accepted at 32Red)
The withdrawal options available are subject to change at any time, so log in to your online casino account to see what options are available to Aussie players. You can also use the live chat function to speak to a customer service rep at a casino if you’re unsure about what withdrawal methods are available to you.
Is there a limit on how much I can withdraw?
Unless you have gained VIP status with an online casino, it’s important to note that each venue has its own limitations on how much or how little a player can withdraw at a time. This means regardless of how much money you have sitting in your account, you may not necessarily be able to withdraw it all in one hit.
The withdrawal limits vary, but to give you an idea of what you can expect, here are the limits imposed by our top-rated casinos:
- Guts – Minimum withdrawal of $10, and maximum of $5,000 when using Instant Banking by Citadel, minimum of $20 and maximum of $50,000 when using direct bank transfer.
- Royal Vegas Casino – Minimum withdrawal of $50, no maximum.
Do I need to provide identification?
One thing online players aren’t always aware of is that you will likely be required to provide proof of identification before being able to withdraw your winnings from the casino for the first time. While ID is not required to sign up for an online casino account, you may be required to provide a copy of your passport, driver’s license, utility bill or credit card when it comes time to cash in your winnings. If ID is requested, you’ll need to scan and email these documents to the casino operator.
There are several reasons you need to provide identification, the most important being to prove that you’re over 18 (the legal age for gambling in Australia). Providing ID is also a way for the casino to ensure security measures are being upheld and that the casino isn’t being used for cash laundering or illegal activity in anyway.
The ID you provide will need to match the details you’ve entered when signing up for a casino account, so make sure to use your correct name, date of birth and address when registering to avoid any potential problems when it comes time to cash your winnings.