How Long Does Neds Withdrawal Take?

One of the first things new account holders ask is how long does a Neds withdrawal take? And in truth, you are looking at between 1 and 3 days the first time you withdraw any funds, depending on which bank you use. 

This is mainly due to the laws and regulations in place in this country, which are designed to protect consumers across various industries. Not only does Australia have some very tight laws protecting punters, but financial institutions also have to jump through a bunch of hoops to ensure there’s nothing dodgy going on with the money they move about. 

So, before making a withdrawal from your Neds account, a bunch of ID verifications will need to be completed, which is what ultimately delays the transfer. 

Withdrawal Options at Neds

The payment options available at Neds include the usual range of methods when it comes to placing deposits into your account. 

This includes Visa and MasterCard payments—but due to recent changes in Australian laws regarding credit card payments, only debit cards can be used— as well as PayID, PayPal, and BPAY. You can also make direct cash payments, and Android users can utilise the Google Pay function from their mobile devices. 

Neds Casino withdrawals, like with any other operators that hold Australian licences, are more restricted in terms of your choices, with payments directly into your cardholder account one of only two options available.

The alternative withdrawal method you can use if you want to enjoy faster withdrawal times is to take the PayPal withdrawal option, which pays you directly into your personal PayPal account.

To instantly access your winnings—once your ID has been fully verified—you can do so by signing up for a Neds pre-paid Mastercard. This card is linked directly to your Neds betting account and can be used to access your winnings. You can use your Neds card to pay for everyday items in the same way as you would an EFTPOS card.

As Australian law dictates, an account holder’s ID must be verified before an Australian casino can proceed with a transaction request. Casino verification usually takes place using the information-collecting stage by the operator when you sign up. Payment verification is completed when you place your first deposit, although, on occasion, additional ID verification may be requested when withdrawing funds. 

If you need to verify your account further when logged in, head to the My Account section of the Neds Casino website and select the Verification Centre. The following ID documents are accepted electronically: 

• Driver Licence 
• Australian Passport
• International Passport Visa 
• Medicare Card 
• Australian Citizenship Certificate 
• Immigration Cards

If Neds Casino requires manual ID verification, you will be contacted directly and asked to provide a copy of a current photographic ID document or two forms of non-photographic ID, as outlined in the T&Cs. Further clarification on acceptable documentation will be provided if it is necessary to collect. The most common include:

• Australian Birth Certificate 
• Australian Citizenship Certificate 
• Australian Concession Card

Plus one of the following: 

• Medicare Card 
• Utility Bill (less than 3 months old) 
• Rates Notice 
• Bank Statement 
• ATO assessment notice (less than 12 months old) 
• Centrelink Statement  

Our Experience with Neds Withdrawals

Our Betsquare casino review team set forth on Neds online casino site to see how the operator stood up to its claims. This article focuses on how the team got on with the operator’s payment facilities. 

As we can all agree, having the correct payment and withdrawal methods is a key part of your overall online gambling experience. We all want it to be fast, secure, and convenient. 

To that end, we liked the idea of getting all the KYC stuff completed from the onset, so once you get your account set up and working correctly, it will all work according to plan. Not only that, but you can also use a system to process transactions that you know to be reliable and seamlessly connected to the Australian banking system. 

The minimum withdrawal amount is $10, but don’t forget that any funds deposited into your Neds account must be played through at least once before you withdraw, or a penalty may be incurred.

Ensuring all your ID documentation and ID verification checks have been completed and selecting the right type of withdrawal method will ensure the most timely withdrawals from your Neds account. 

Conclusion

It’s clear the operator has as good an understanding of Australian gambling regulations and AML legislation as is does the market’s betting preferences. As such, the company has devised smart ways to help improve its withdrawal times and the overall experience of its customers.  

In the eyes of the Betsquare team, Neds withdrawals do indeed stand up against the competition, not least due to the inclusion of its pre-paid Neds Mastercard, but the ease at which you can use the electronic verification process through the My Account section of the sportsbook platform. 

Overall, Neds Casino provided a positive payment experience for the team and a smooth transaction process with little complication. Well worth a shot if you’re an Australian player looking for a great sportsbook platform.