Withdraw Money From Your Online Casino Account With Ease
How To Withdraw Money From Online Casino
If you’ve been playing at online casinos to win the jackpot and now want to should withdraw money from your online account, then there are a few factors that you should keep in mind. In today’s article, we’re going to look at the different methods available for withdrawing money from an online casino. There may be some specific steps and options that need to be taken in order to have a smooth withdrawal process.
General Withdrawal Process
One of the first things you want to be sure about is that you’re withdrawing funds to the correct bank account. Virtually all online casinos require your bank account number and routing number. Once you have this information at hand, then it’s time to look at the different withdrawal options available. If you look at the banking page of many top casinos like 22Bet Casino you’ll see if they offer a huge number of banking options. But keep in mind the vast majority of these will be for making deposits. On the whole, cashing out will have fewer options.
The first thing you need to do is log into your bank’s website. Head over to the section that relates to withdrawing funds. Now it’s just a case of simply following the directions provided by the bank. Many will ask you to fill out a form which will include your personal information, routing and bank account number. Once this is done, your withdrawal should start almost straight away.
Security Checks
You’ll often hear casino players talking about the benefits of gambling with cryptocurrency. One of the major factors is that they claim it’s totally anonymous for the players. For deposits this is true. But the problem comes when it’s time to cash out and withdraw money. The casino needs to know who it’s cashing out too. Today, virtually all reputable casinos that possess a gambling licence from the likes of the UK Gambling Commission or the Malta Gaming Authority, will have some sort of KYC (know your customer) requirements in place.
To fulfil these requirements you’ll need to upload personal documents like a driving licence or a passport. Something which shows your actual photo. You will also need to upload proof of address, which can be utility bills. It could be argued that by doing this, the casinos are insuring a better level of security. Today, you’ll find these checks take place with all licenced casinos like 22Bet Casino. With many governments obsessing about money laundering, it’s something you just have to accept.
Best Methods For cashing Out
As previously mentioned, there are not so many ways of withdrawing funds from your online casino account. Below we’ve listed probably the best methods available today.
Withdraw Money Via Phone
Because so many players are utilising their portable phones to play online casino games, it’s no surprise that you can withdraw money using your phone. Often, just a simple phone call to the casino customer service number asking to process your withdrawals and the transfers will begin. Normally it takes around 2 business days for you to receive your money.
Withdraw Money Via PayPal
PayPal has always been one of the most popular methods for funding and withdrawing cash from online casino accounts. Withdrawing couldn’t be easier. All you need to do is log into your PayPal account and make a request. The money goes directly into your bank account. Expect to wait around 3 business days for your new funds to clear.
Withdraw Money Via Cryptocurrency
Over the last decade, Bitcoin and cryptocurrencies like Ethereum, Dogecoin, Litecoin and other altcoins, have become more and more popular in the iGaming space as well as individual sites to win the jackpot. You can sign into your cryptocurrency wallet and then make a withdrawal request. Though in the past the funds would be transferred into your wallet almost instantly, today you’ll have to go through the KYC requirements first.
Withdraw Via Credit/Debit Card
Most casinos are happy to accept both credit and debit cards as a means to make deposits and withdraw money after any winnings. The whole process is very simple. Just make a withdrawal request for the amount to transfer, and it’ll appear within 2 working days
Check The Online Casino’s License
Before you start thinking about withdrawing any winnings, it’s essential that before you even begin to play on the website, you check out its licencing. This is because a licenced website will guarantee you receive your winnings. But an unlicensed one may simply keep your winnings for themselves. And keep your initial deposit as well. Once you check the website for a reputable licence, then you should read the website’s terms and conditions, as well as their bonus terms and conditions. This way you can see whether the criteria listed for you to make a withdrawal are actually practical and reasonable.
Wagering Requirements Are Inescapable
Virtually all online casinos require you to fulfil the wagering requirements before you’re able to withdraw money after winning the jackpot online. The general idea behind this is that the casino wants you to cover any bonus amounts with your own money. After all, it would make zero financial sense to the casino as it’s a business if they just allowed players to grab cash bonuses and then withdraw them straight away. At the end of the day, providing you follow the steps we’ve outlined above, you’ll find withdrawing your funds or winnings, whether from success at roulette, slots or jackpot poker, to be a smooth and easy process.
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