Winning is one of the best parts of playing online games, especially if it is enough of an amount that you choose to withdraw. Now this is where the difficulty can begin, because for many payment methods it can take time to process. Even our favourite pay by phone bill doesn’t offer the ability to withdraw monies. So, we are here to provide you with some of the best withdrawal methods for banking and our choices for fast payout casino sites.
When you are choosing a new casino site, you will be considering a number of factors. Whether there is the range of games you want, great welcome bonuses, regular promotions, and the banking methods to add credit into your account. For many online gaming promotions, you will have terms and conditions attached, including wagering requirements. This alone will delay how quickly you can remove funds, because you will need to credit your account up to a specific amount to fulfil the wagering requirements.
Also have you considered the terms attached with banking methods and how long it takes to remove any funds from your account. Most players want instant crediting to their casino account, which is available via the likes of Boku. But they also want instant withdrawal options and this is where it can get tough. Now there are a ton of banking methods, so surely one of them has to give us a fast and instant withdrawal of casino credit?
Find Quick Withdrawal Online Casino Sites UK
If you’re choosing a fast payout casino then you’re looking at getting your winnings without delay. For most, that can be where the money is processed instantly or at least within the same day. To make it easier we’ve grouped a few of our chosen faster payout UK casino sites.
If you don’t fancy any of these great sites, then here are a few tips to help you choose a fast-paying casino with a same day payout.
Make sure you check out the casinos that you currently use, do they offer quick paying banking methods.
One of the aspects that can delay payments is the chosen banking method, so picking the right one is vital. We will go into more detail below, but for example e-wallets such as PayPal casino payments are one of the quicker options. You should be aware that pay by mobile phone bill with Boku or Payforit are deposit methods only and as such you would need another method for withdrawing your credit.
Remember to not just pick your casino for how fast they pay out, but also what other benefits they provide. Do they offer a decent welcome and existing customer bonus and what are the terms and conditions attached to them? Will that cause delays in the withdrawal process in the long term? Finally do they have a decent range of games on offer?
Bonuses of Choosing Casino with Quick Payout Times
Opting for a casino site with rapid payout times means you have your winnings in the bank sooner than later. Because after all you have won it, so you can decide what you want to do with it. A rapid response is usually within 24 hours between the time you request the payment, to the point it is within your bank account. Obviously, this may be affected by weekends and bank holidays, but this is the rule of thumb for an average workday. There are sites who work the same on weekends as they do on weekdays and these are the casino sites to head for.
Because you have picked a fast-processing payment casino, then you will reduce your waiting time for your winnings significantly. You will also find that these sites have incredible customer service, so they can ensure they can provide the speedy service that has been promised. This is ideal if you are a new casino customer and you are looking for an instant casino bonus withdrawal.
Why Some UK Casino Sites have Delayed Payment Processes for New Players
For those of you who have chosen to play on a new casino site and then withdraw monies, you may find that for your first time there is a delay. This pretty much revolves around the casinos obligations to ensure your documents are verified so that they have complied with licencing laws. Sadly, this can take time depending on the internal processes of the casino and how good their customer service is. By opting for one of our selected UK casino sites, we hope to reduce your waiting time by days or even weeks.
Other factors that may delay withdrawal times include.
The chosen banking method,
Office hours of the casino, i.e. are they available 24/7 or are there set times,
Whether the casino site applies a pending period, which tends to be for 2 days and allows the player to retract their withdrawal request.
The Process of Cashing Out in a Fast Payout Casino
Here’s a breakdown of how to withdraw your casino winnings.
Submit a request for withdrawal – You will do this by heading to the cashier section of the casino and picking your banking method of withdrawal. This will be the same method which you used for depositing unless you added credit via Boku pay by phone bill.
Choose how much you want to withdraw – For the majority of casinos there will be a minimum and maximum withdrawal limit. Similar to when you added credit in the first place.
Select ‘Withdraw’ – Normally following this process you will receive some form of notification such as an email, to confirm that your request has been seen. So that the withdrawal process can go through, you will need to provide identification. This is a new rule called ‘know your customer’ which casinos must follow to verify the players identity and banking method. To do that you will be asked to provide photos of a form of ID such as a passport, drivers licence or even a utility bill or bank statement. It is important that you are aware of the ‘know your customer’ process, because this is the area that can delay the withdrawal process. Because documents need to be checked and confirmed as verified, you could be adding between 24 and 48 hours onto the processing time. But once the documents have been completed, you will not be required to do them the next time you withdraw.
What is a Minimal Withdrawal Limit?
Minimum withdrawal limits can normally be found within the terms and conditions section. They will state what is the lowest amount the player can remove from their account, which tends to be between £10 and £30. This means if you had wanted to remove £5 from your account you couldn’t. A lot of this is due to the processing time it takes for the casino, which isn’t really worth it for £5. The majority of withdrawals are completely free, but again double check with the casino before you register. We have found some with incredibly high fees which have taken up most of the winnings in our account.
What is a Maximum Withdrawal Limit?
Again, similar to the minimum withdrawal, the casinos will also set a maximum withdrawal amount. This will also vary depending on the site but is a way for them to protect themselves should you win big. Obviously if you have been lucky then you can remove the winnings in instalments, but this could be over a period of a week or a few months. This is another aspect to bear in mind when you’re picking that new casino site, so it is worth having a look at the terms and conditions.
On a side note, you’ll be interested to know that the amount you want to withdraw does not affect the time it takes for the money to enter your bank account. The only things that can do that is the casino and its processes, then the actual banking method which you have chosen.
Is there a Withdrawal Fee?
There is no definite answer to this question because each casino operates differently. Some will charge a small administration fee for processing the withdrawal, but that information will be stated within the terms and conditions section. This is why we always recommend taking a look at the t&c’s before you register, so you’re not surprised by the costs at the point you choose to withdraw any funds.
Can the Withdrawal Payment Option be Different from the Deposit Method?
The quick answer is no! You can use a variety of depositing methods including Boku mobile phone bill. But at the point you withdraw your funds, you have to use the same method that you deposited with. The only exceptions are Boku and pre-paid cards because they do not offer withdrawals. In these circumstances you would need to validate another payment method by adding additional credit before you could then withdraw monies.
Quick Withdrawal and Fast Banking Options
In an ideal world the best option to remove your winnings would be a fast-paying casino site and banking method. But as we have already explained, there are verification processes that need to be completed which can take time. We’ve given you some examples of online casino sites with easier withdrawal methods, so it’s time for us to go through what are the best payment methods to use.
This is a quick breakdown of the instant withdrawal safe and secure online casino banking options and the companies who operate them. But be aware that the casino site does not affect how quickly the winnings will be processed from the bank. That will purely be down to your choice of payment method.
Payment Method Withdrawal Times
E-Wallets 6-24 hours
Debit & Credit Cards 1-2 days
Crypto 6-24 hours
Bank Transfer 3-7 days
E-Wallets
The majority of us use some form of e-wallet if we shop online or transfer monies. Their popularity stems from the fact that they are the quickest method of payment, so it would make sense to begin with them.
The term e-wallet is the actual form of transfer method, but there are many popular brands available. Many of these are offered by the majority of online casinos and each have their own advantages and disadvantages. Here are our favourites;
PayPal
Neteller
Instadebit
MuchBetter
Skrill
For many of you PayPal will be a staple for your online shopping. So, it won’t be a surprise that it is also the same for casino withdrawals, because it is pretty much the biggest online payment handler in the world. In reality PayPal processes payments as quickly as the other e-wallets such as Neteller. Customers should find the requested funds in their banks that working day, or the next morning at the latest.
Many online gamers prefer e-wallets not only because of their speed, but they are classed as the most secure method of payment. Because of their standard data encryption, there is another level of protection between your bank account and the casino. The set up is relatively easy and your e-wallet will be linked to a bank account or debit card.
Whilst this sounds amazing, popular e-wallet options such as Instadebit can take much longer than others. Their average processing time is between 3 and 5 working days, which is a little too long for many gamers. Also, when it comes to Skrill and Neteller, if you have made deposits using these methods then in many online casino’s you won’t qualify for their welcome and regular bonuses. If you don’t take part in promotions then this won’t be a problem, but many players out there do.
Finally, there may be fees from some of the e-wallet providers when you transfer from the e-wallet to your bank account. PayPal does not charge its customers, but some of them add a percentage-based fee which may seem unfair. This is why it’s important to not only look for the right banking method, but also check to see what terms are attached to that option.
Debit Cards
Most of us are aware of debit cards, because we use them in everyday life. They are convenient and connect straight to your bank account, so there isn’t an additional company involved. Alike the e-wallets there are no transaction fees added which is a bonus. The disadvantages of debit cards come in the form of the time it takes to receive your withdrawal. It will vary depending on the bank you use, but it could be anything from 24 hours to 7days. Also consider what day you put in the request for a withdrawal, because it will generally only occur during business working hours.
The use of debit cards will also affect those withdrawal limits we explored earlier. Normally the threshold for this form of banking is a minimum £10, so this may influence your decision to use it.
Bank Transfer
Bank transfers are very similar to debit cards because most people already access them, so there is no requirement to open up a new account with a provider. All online casino sites will offer the ability to use bank transfers and yet it’s the least popular of the everyday banking options.
It’s easy to work out why, because on average the processing time for a bank transfer is between three and five working days. This is quite a long time to wait for the money to enter your bank account, especially if you need it for something specific.
Although slow, there is a positive element to using the bank transfer option. Because the payment is made directly between the casino and your bank, there is an increased level of security. So if the time delay doesn’t bother you too much, then this may be a good alternative to assist in reducing the possibility of fraud or theft.
Cryptocurrencies
This banking method is used the least, but not because of the benefits that it brings. Mainly because people still don’t really know a lot about it and as such prefer to use one of the other methods. Also, there are only a handful of casino sites who offer cryptocurrencies such as Bitcoin, Ethereum or Litecoin.
There are some e-wallets who offer the option of cryptocurrencies such as Neteller. But this normally comes with a percentage-based administration fee. Using e-wallets as a kind of middleman will give you the options of more top branded casinos and the benefits of cryptocurrencies.
The benefits of crypto are pretty obvious really, it’s the fact that they offer you anonymity. Digital currency transactions are conducted in the digital realm so details can remain private. Also the process of transfer is immediate, so there is no delay or fee.
Difficulties arise when you want to convert cryptocurrency into cash, because you need to register with a provider for a digital wallet. Companies such as Coinbase will provide this option but there will be a fee and you will need to provide your bank details to transfer the funds over which can take a few days.
Easy Mobile Casino Withdrawal Options
Most of us prefer to game on our mobile devices, purely because you can access your games whenever and wherever you like. But there’s also a simplicity to the withdrawal process no matter the device you use. So, if you have an Android, iOS, Windows or Blackberry mobile, you will find that many of the e-wallets will have a mobile app for fast easy payment. This includes Skrill, Neteller and PayPal, who ensure that there is an authentication process to stop any fraudulent activity.
Summary of Fast Payout Casinos
There is a lot to take in with this topic and that’s because when it comes to payment methods you have access to a variety of options. But whether those choices suit you is down to what your preferences are.
For those looking for the fastest payout then you’ll want to check out casino sites who offer a range of banking options and have a reputation for good customer service. This is a big factor in processing your casino funds and as such should be one to focus on.
We hope you enjoy our casino choices, especially their welcome bonuses and incredible range of games.
