Things you should do before cashing out at an online casino

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  • One of the best things about online gaming is how safe it has become over the years.
  • Before cashing out, you’ll want to make sure your account details are up-to-date.
  • If you’ve claimed any bonuses, you’ll also need to meet the necessary wagering requirements.
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The main objective when betting is to win. Once you start winning, you’ll , such as the fun stopping, having verification issued, and more.

One of the biggest concerns that players have when winning big is getting their money after they cash out. Casinos don’t just hand over a lot of cash with no questions asked, but they do pay out in a legal and timely matter.

It’s important that you take some steps before cashing out so that the process goes smoothly. I’ll be breaking down what those steps are below, so be sure to read through this completely before making your withdrawal.

Have Your Account Details Up-To-Date

Every good movie has a , and such is the case with cashing out at online casinos. Before putting in a request, you should double-check that all your account details are correct and up to date.

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You would be surprised by how many people try to change their bank account right as they want to cash out. The reason this is an issue is because most casinos will process withdrawals overnight.

By the time you realize that your bank account is wrong, it will be too late. The casino has already processed your payment, and you’ll have to wait the typical 1-5 business days that the method offers.

Not only that, some casinos will require you to submit documentation to verify the new bank account. The most common form of this is voiding your withdrawal and putting the money back into your old balance.

You can avoid all these issues by making sure everything is correct ahead of time.

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If you joined the casino a while ago and your address is wrong, be sure to update it in the cashier section and also your account info section. Every casino is different, so double-check both areas to ensure your information is correct in both places.

Check Your Preferred Withdrawal Method

The next thing you should do before cashing out is checking your preferred withdrawal method. Some methods like e-check and bank transfer require you to use the same banking method you used to deposit. For example, if you deposited $1,000 via e-check, your only withdrawal options would be e-check or a physical bank transfer.

Luckily, there are plenty of that don’t have this rule, such as cryptocurrency and e-wallets. I recommend joining cryptocurrency casinos if you plan on cashing in and out frequently.

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Crypto casinos allow you to make nearly instant deposits and withdrawals with low fees using digital coins. In addition, you get to avoid KYC procedures by keeping your privacy intact. Some top choices include and Bovada, which offer sign-up bonuses over $7,500.

If you don’t want to use crypto, e-wallets like Neteller and Skrill are great alternatives. These methods offer fast transaction times and add an extra layer of security between you and the internet.

Meet Any Bonus Wagering Requirements

Another thing you should do before cashing out is meeting any bonus wagering requirements. If you’ve claimed any welcome bonuses or promotions, there’s a good chance you have playthrough requirements before being able to withdraw your winnings.

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Welcome bonuses give you extra funds to play with, but you can’t just withdraw them directly. Instead, you must first turn over the bonus and any associated deposits a certain number of times before becoming eligible to cash out.

For example, let’s say you deposit $100 and receive a 100% match worth $100. Also, imagine that the welcome bonus has a 35x playthrough requirement.

The playthrough requirement is not as simple as multiplying $200 by 35. Instead, you must multiple ((your deposit + bonus) – deposit) x playthrough requirements.

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In this scenario, we would take ($200 – $100) x 35, which equals $650. This means that you must gamble $650 before being eligible to cash out $100 of your winnings.

The good news is that you aren’t required to gamble your entire bonus to meet the requirements. You are gradual tracking closer and closer to the total as you go.

Let’s say you end up losing $200 throughout your gaming journey. In this scenario, you would only need to win $450 to meet your requirements.

$450 – (-)$200 = $650

It’s important that you know how to read the playthrough requirements before claiming any bonuses. If you fail to meet the wagering conditions, then you won’t be allowed to cash out your winnings.

To avoid this, keep track of your playthrough requirements and the amount you’ve wagered in the casino cashier. It’s a pain to keep track of, but failing to do so will result in disappointment when trying to withdraw your funds.

Feel free to for chances to win up to $10,000 with their welcome bonus.

How Fast Do You Need to Meet Wagering?

The next question you might have is how long you have to meet the wagering requirements. All reputable casinos will provide a expiration date for their bonuses.

This dates typically range anywhere from seven to 30 days, depending on where you play. Not only do you have to worry about the overall wagering requirements, but you must also meet the daily threshold.

Most casinos require you to meet at least 5% of the total requirements each day. Going back to the example above, that would be $32.50 per day (650 total requirements / 30 days = 21.67; 21.67 X 5% = $32.50).

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If you failed to meet the requirement on any given day, the casino would add one day onto the expiration date. This protects the casino from players who try to claim bonuses right before going on vacation.

I should note that you shouldn’t try to pull a fast one on the casino. Not only is it immoral, but you’re also shooting yourself in the foot. Casinos have been around for over a century and will continue to thrive. It’s better to play on an honest platform rather than a dishonest one.

If you plan on claiming casino bonuses, I suggest reading the terms and conditions thoroughly. It takes five minutes to read through the rules and could save you hours of frustration down the road.

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Make Sure Your Money Is Actually There to Be Cashout

This may sound silly, especially since you’re the one that earned the money. However, there’s a good chance you’ve won the money and switched games/machines before properly ending the previous one.

All games will show your current balance, but sometimes you might be playing with one source of cash and switching without realizing it.

Let me show you a quick example so it makes more sense.

  • You deposit $500 and win $1,000 on a slot machine.
  • Your balance now shows $1,500, but the $1,000 is only in that specific machine.
  • You decide to play blackjack next and bet $100.
  • You lose all of your money and now show $1,400.
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In this scenario, you would think that you have $1,400 waiting to be cashed out. Unfortunately, that’s not the case. Since you never properly cashed out your $1,000 from the slot machine, only the $400 from the blackgame is available.

This is another reason why it’s smart to cash out after every session. If you have spotty Internet or power outages, at least you know exactly how much you have left once you reconnect. It’s almost impossible to tell how much you have whenever you have multiple wins without cashing out.

Cashing out after every session also allows you to enjoy life outside of gaming. is a fun sport, but it should remain a pastime and not a job. If you find yourself getting upset about not cashing out in time, perhaps reducing your sessions to two or three times per week.

What Happens After You Initiate A Request?

Once you clear all the steps above, your request should go through without any issues. Each casino is a little different, but I’d like to break down what you can expect after submitting your request.

First off, most casinos have a maximum limit on withdrawals. If you request over this amount, your withdrawal will be denied, and you’ll have to cancel and resubmit with a lower amount.

Some casinos will allow you to cancel your withdrawal request and use the money elsewhere on the site. If you find that you don’t need to cash out after all, it’s best to do this as soon as possible.

Why? Some casinos will review your account once a certain period passes. If they see fit, they will approve your request immediately. I should note that even if you cancel and play, you won’t be able to withdraw again until the original request is denied.

After your withdrawal is approved, you will have to wait for the money to arrive in your account. The speed of which depends on your selected withdrawal method. Bank transfers and checks will take several business days, whereas crypto and e-wallets can be nearly instant.

I recommend using cryptocurrency for fast cashouts and to learn more, .

Avoid These Common Withdrawal Mistakes

There are also some common mistakes to avoid after cashing out at online casinos. When you win a large sum of money, there’s a good chance you will want to spend it right away.

Oftentimes, people buy something extravagant with their winnings without taking proper precautions.

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To avoid this, it’s important that you space out your withdrawals. For example, if you want to buy a car that costs $30,000, it’s best to take out $10,000 at a time. This allows the money to settle in your account before cashing out again.

Spacing out your withdrawals prevents you from realizing that the money isn’t there until it’s too late.

Another mistake that people make is not tracking their bonus playthrough. I explained how difficult this can be earlier, so I won’t dive too deep into it. The disappointing feeling of thinking your winnings are withdrawable, only to find out otherwise is disheartening.

Avoid these problems altogether by knowing the terms and conditions of the casino and any bonuses you claim.

Best Sites to Cash Out At

Now that you know how to cash out at online casinos, you’re probably looking for some sites to join. We here at GamblingSites.com have been reviewing for decades, so we know what to look for.

I’ve provided three of our highest-rated sites below, and each comes with massive welcome bonuses.

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Each of these sites provides a smooth gaming experience and fast payouts. They also come with huge welcome bonuses, giving you extra funds to work with.

It doesn’t matter which site you choose, as they both have great reputations and treat their customers fairly.

Cash Out at Reputable Casinos

Overall, cashing out at online casinos should not be a complicated process. As long as you take the proper steps beforehand, your withdrawals should happen smoothly.

Make sure your account details are up to date, meet any playthrough requirements, and make sure your money is actually there. It’s also a good idea to join a reputable casino that has fair rules and pays their users in a timely manner.

I hope this article sheds light on the withdraw process and reduces any anxiety you have about cashing out.

As a reminder, the best online casinos for quick withdrawals include Ignition Casino, Bovada, and DuckyLuck Casino.

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Kevin Roberts, previously published as Mark Brown, is a freelance writer with over 15 years of experience writing on sports, betting, and popular culture. When he’s not writing about the NFL, NBA, or major collegiate sports, he’s probably watching Scottie Pippen highlights and dreaming of a Bulls resurrection.

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