Casino Withdrawal Guide 2024

Everyone signs up at an online casino for two main reasons – to enjoy a whole lot of fun games and to stand a chance of winning some money! Once you’ve made your deposit (or claimed an exciting no-deposit bonus), you might just get lucky enough to land yourself a win. 

That could be just a few dollars, or you might even scoop a big progressive jackpot prize. No matter how much money you’ve won, it’s important to understand exactly how you can go about withdrawing. Luckily, it’s usually a pretty easy process, and your winnings will be on their way to you before you know it.

In our casino withdrawal guide, we’ll go into detail about how to withdraw from online casinos, the T&Cs that you need to be aware of, the best withdrawal methods you can choose, and how long you can expect to wait before you get your cash. 

How to Withdraw Money from a Casino

how to withdraw mockup

If you’ve landed yourself a win on an online casino game, you might want to use the extra funds to keep playing, but most likely, you’ll want to withdraw at least some of the money pretty much immediately.

The first thing to remember is that every online casino is slightly different, so while we’ll give you a basic rundown of how to withdraw money, the process might not be exactly the same at all casinos.

In general, the process of requesting a withdrawal is very simple, and it can take under a minute, no matter whether you’re using a desktop computer or mobile device. Most online casinos have a user-friendly interface where you can request the withdrawal, so there shouldn’t be anything too confusing about the process. 

You can follow this quick step-by-step guide to how to withdraw your winnings, and we’ll go into some more details later:

  • Log in to your online casino account
  • Click on the cashier option
  • Select “withdraw”
  • Choose your withdrawal method
  • Enter the amount of money you want to withdraw
  • Complete the transaction
  • Wait for your cash to land in your account

The good news is that pretty much all Australian online casinos allow you to withdraw using all devices, including desktop browsers, mobile browsers, and mobile apps. If you’re withdrawing on your desktop browser, you’ll probably see the cashier icon at the top of your screen, while if you’re on mobile, it will probably be sticky at the bottom of the screen as you move around the site.

Before you can withdraw from an online casino, you’ll usually always need to verify your account. Licensed Australian online casinos will request that you prove your identity using your ID and proof of address documents, and while in some cases you’ll have to do this before you can even deposit, all casinos make you verify before you can withdraw. 

It’s usually a simple process that just involves uploading photos of your documents or emailing them in for the team to review, and it’s a good idea to do this quickly so that you don’t experience delays with your withdrawals. 

When you think about online casino withdrawal methods, options like Visa and Mastercard b immediately come to mind, but there are actually a whole lot of other withdrawal methods available for Aussie players. 

Each of these methods has its own set of pros and cons; for example, bank card withdrawals are convenient and highly secure, but they take a little longer to reflect in your account, while e-wallet transactions require a third-party account, but money shows up in your account much quicker. Here’s a list of some of the main withdrawal methods for Australian players:

  • Visa and Mastercard
  • E-wallet (PayPal, Skrill, Neteller)
  • Bank wire transfer
  • Cryptocurrency (Bitcoin, Litecoin, Ethereum)

 

While not all Australian online casinos offer all of these withdrawal methods, most of them have a combination of at least a few. 

At many Australian online casinos, you’ll only be able to withdraw to methods that you’ve previously used to make a deposit, so you might notice that only a few options appear in the withdrawals section for you. 

This is done for security and anti-money laundering reasons, so it shouldn’t come as a surprise. One thing to keep in mind is that not all deposit methods support withdrawals (for example, you can’t withdraw using prepaid options like Paysafecard), and in this case, you might be asked to withdraw using a bank transfer. 

Casino Withdrawals - Limitations

withdraw mockup

You might be very excited to start withdrawing money from your online casino account, but it’s worth remembering that there are some withdrawal limitations that you need to keep in mind before you do so.

The first thing to check is the minimum withdrawal amount. Most online casinos require you to withdraw at least $10 or $20 per transaction, and in some cases, specific withdrawal methods even have their own minimum amounts. You’ll see the minimum withdrawal amount displayed in the cashier section when you go to make a withdrawal, or you can usually find it within the T&Cs. 

On the flip side, there’s usually also a maximum withdrawal limit applied by an online casino. This is usually fairly high and can be in the thousands, but you might still hit the limit, especially if you’ve won a progressive jackpot prize. 

Online casino withdrawals might be restricted to a certain amount per day, week, or month, and if you do have a very big win, you might need to break it down into smaller withdrawals so that you don’t exceed the limit. 

In a case where you do need to make a withdrawal that’s higher than your limit, you can get in touch with the support team to see if they would be able to make an exception. It’s also worth noting that VIP players at some online casinos get higher withdrawal limits. 

If you’ve claimed any online casino promotions, they might also apply a limitation to your withdrawals due to wagering requirements. Wagering requirements refer to how many times you have to play through your bonus money or winnings from certain promos like free spins. 

For example, if you get a $100 bonus with 35x wagering, you’ll have to stake $3,500 before you can withdraw. This means that even if you have a decent win using your bonus money, you won’t necessarily be able to go straight off and withdraw the cash. In most cases, you can choose to withdraw your original deposit amount if you haven’t met the wagering requirements, but then you’ll lose your winnings from the bonus.

Casino Withdrawal - Processing Time

casino processing time mockup

Of course, as soon as you’ve had any kind of win at an online casino, you’ll want to get your money as soon as you can. You might need to be just a little patient, though, as the processing times for online casino withdrawals can vary between the different casinos.

 

There are also two separate factors impacting how quickly you’ll get your money: the online casino’s processing time and your payment provider’s processing time.

 

As soon as you’ve submitted your withdrawal, you might be eagerly checking your bank account to see if the money has reached your account yet, but unfortunately, most casinos take at least 24 hours to process payouts. There are a couple of big ones out there that support fast withdrawals, but this is usually only if you’re using certain bank cards, and it’s entirely dependent on the bank.

 

Most online casinos endeavour to process your withdrawal requests within about 24 – 48 hours. During this time, an automated process might take place, or the team might need to manually check your withdrawal request and ensure that there are no issues with your account or your withdrawal. For example, if you haven’t yet verified your account, you’ll be asked to do so at this point, and this may cause a delay with your withdrawal. 

 

Once the online casino has finished processing your withdrawal request, the funds will be released by the online casino, and then it’s over to your own payment provider. This is where the method you use becomes really important. If you want to get your money as soon as possible, you’re better off using a more digital method like crypto or an e-wallet, but if you don’t mind waiting a while, you might prefer a more traditional method like a bank card or bank transfer.

 

We’ve put together a summary of the main online casino withdrawal methods and their respective processing times to help you decide which method to choose: 

 

Method Timeline
Bank Cards 3 – 5 days
Bank Wire Transfer Up to 7 days
E-wallets Instant – 1 day
Cryptocurrency Instant

Final Thoughts

When you’re ready to make your first withdrawal at an online casino, it’s natural to be slightly apprehensive. You might be concerned that if you don’t do it quite right, you won’t get your cash, but if you follow our step-by-step guide on how to withdraw your winnings, you shouldn’t have any problems. 

Withdrawing money from an online casino is a pretty simple process. Although it may differ a little between various casinos, it’s usually just a case of logging in, visiting the cashier, and requesting your withdrawal. 

Depending on the method you used for your casino withdrawal, it may take anywhere from about 24 hours to several days for you to get your winnings, but if it takes much longer than that, you can always get in touch with the online casino’s support team so that they can check on it for you. 

Now that you’ve read our casino withdrawal guide, you should be confident to go off and withdraw your winnings, then enjoy them as you please!

FAQs

What makes casino withdrawals safe?

When you’re withdrawing money from a trustworthy online casino, there are protocols in place to always keep your funds safe. For example, online casinos use encryption technology and firewalls on secure pages (like the payments pages) to ensure that no one can intercept your personal and financial information. 

All good online casinos only offer secure and trustworthy payment options; for example, based on the reputation of providers like PayPal and Skrill, you never need to worry about your money. If you’re using a bank card or bank wire transfer, you’ll also have the full protection of your bank for an extra layer of security.

Do I have to pay a fee when withdrawing money?

Whether or not you pay a fee when you’re withdrawing money from an online casino depends on two factors: the online casino itself and the payment method you’re using. The vast majority of reputable Australian online casinos do not charge fees for withdrawals, but you might run into the occasional one that does. 

The best way to check this in advance is to read the casino’s T&Cs or payments info page carefully, as it might mention a small fee of about 2.5% on withdrawals. Your payment provider might also charge fees on your withdrawals, so you might need to check this with them – it’s usually bank cards as opposed to e-wallets that charge fees. 

Can online casinos refuse to pay out?

You should only ever play at online casinos that hold a reputable license, so you can be guaranteed that if you have a win, you’ll really be paid out.

It’s important to remember that you won’t be able to withdraw until your account is verified, and if any of the information on your documents (like your name or date of birth) doesn’t match your online casino account, you could be in for more delays. An online casino could also refuse to pay out if they deem that you’ve broken T&Cs or if you’re found to be abusing bonuses.

Why can’t I withdraw from an online casino?

If you’re having trouble with your withdrawal, it’s most likely because you haven’t verified your account, or if you’ve submitted your documents already, the team may not have checked them yet. You may need to wait a few days for the verification checks to be completed before you can withdraw the money. 

Other issues might include wagering requirements on your balance, meaning that you can’t withdraw until you’ve played through a certain amount of money, or you may have already hit your withdrawal limit for the period. If you’re experiencing issues, it’s a good idea to get in touch with your online casino’s support team.