Online Casino Banking: Guide to Real Cash Deposits & Withdrawals

Learn how to make a deposit at an online casino site

Your Step-By-Step Guide to Making an Online Deposit

Nothing beats the thrill of gambling on slots and table games for real money. But if you struggle to get your cash into your account or endure slow withdrawals, your experience will be lousy.

Easy and quick casino banking is essential so you can get on with enjoying what you love most: playing the best jackpot slots around. Luckily, by picking the right casinos and deposit methods found here at SlotMachines.com, you can enjoy a smooth process every time. Here's our guide to making speedy deposits and cashing out without any problems.

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Making Your First Casino Deposit

To start playing for real money, you'll first need to make a deposit into your casino account. It's a really easy process. Usually when you make your first deposit, you will have the chance to opt in to a welcome bonus. This gives first depositors the chance to earn more cash thanks to a bigger bankroll.

If you are depositing to play slots online, follow these simple steps:

  1. After choosing a recommended, secure casino and creating your account, head to the cashier section.
  2. You will have several deposit options. At this point you'll need to select your chosen currency and the country you're playing from.
  3. The available banking methods and deposit limits will be displayed on-screen. Enter the amount you want to deposit, together with your account password.
  4. Hit the submit or deposit button and your funds will be processed. Most deposits will be processed instantly. However, some methods like bank transfer and check may take longer.
  5. Once the money is in your account you can start the spinning action!

Earning a Welcome Bonus After a Deposit

A welcome bonus is awarded to new players, usually after their first deposit. After an initial deposit, the bonus funds are segregated in your account. They must be played through a set number of times in order for the cash to be released.

Welcome bonuses vary in size, but most good ones have free slots spins added to make the gambling more exciting. Look out for the wagering requirement: this is a multiple of your deposit that must be wagered (usually 20-50 times) in order to have your cash released.

Cashing Out: Everything You Need to Know

Withdrawing your winnings is usually a very simple process. Legal casinos will need to see some ID before honoring a cashout request to make sure you are of legal age and aren't banned from the site, so always remember to take the right security steps beforehand.

Cashing Out: First, head to the cashier to view your account. You will see your total funds and the total funds available for withdrawal. If you have any bonus cash still waiting to be cleared, you won't be able to withdraw this to your bank account or e-wallet until you've met the wagering requirements. Once you're ready to withdraw, take the following steps:

  1. Select the withdrawal method you want to use from the list available.
  2. Enter the amount you want to withdraw plus your casino password.
  3. Hit the submit button and your withdrawal will be processed. You may be asked to provide ID at this point, so be sure to have that to hand.
  4. Once the money has been processed, enjoy spending your winnings however you please.

Cancelling a Withdrawal: Once you request a withdrawal, it will sit as "pending" on your account. This gives the casino enough time to carry out its usual security checks. Some casinos give you the option to "reverse" the cashout request if you decide you no longer wish to withdraw your winnings. This is known as a reverse withdrawal.

Withdrawal Fees: Most of the time, the casino won't charge its customers to cash out winnings and funds. However, your card or e-wallet provider may charge when you receive the funds.

Some online casinos allow one fee-free bank transfer per month for cashouts. After your first free withdrawal, you will have to pay a set fee for any cashouts.

Net Deposits: To avoid money laundering problems, some casinos will only allow withdrawals to the SAME method you used to deposit with. Some cards, like MasterCard, also have this restriction.

Using a Voucher or e-wallet: Most e-wallets and prepaid vouchers are available for making casino cashouts. However, in some cases you won't be able to withdraw using this method. In most cases, the online casino will automatically let you cash out to an approved bank account.

Common Casino Withdrawal Methods

Most casinos online allow you to make withdrawals using a debit card, credit card, or bank transfer. The better sites will also allow e-wallets and sometimes Bitcoin to be used too.

Fees, charges, and minimum/maximum limits vary from casino to casino. Here are some of the popular cashout methods at online casinos in 2019:

Bank Transfer/Wire Transfer: A bank transfer is a good default option if you have used a unique deposit method like a prepaid voucher or check.

Debit Cards: Debit cards are free to use and allow for quick cashouts straight to your account.

Credit Cards: Most major credit cards can be used for withdrawals. If you used a credit card to deposit with, you will often have no other option but to use the same method to cash out too. Fees generally apply.

E-wallet: An e-wallet like PayPal, Skrill, or NETELLER, can be used for quick, fee-free transfers of cash from your casino account. Fees may apply when moving the cash from your e-wallet.

Casino Withdrawal Methods: Compare the Banking Options

Online slots gamblers have a wealth of banking options to use when cashing out. Cashout times can vary from casino to casino, but this comparison chart will give a good average indication of what to expect. Some casinos charge while others don't, and the min/max limits can vary too.

Method Withdrawal Time Withdrawal Limit Processing Period Manual Flush Allowed Fees
Debit Card 1-5 business days 20000.00-50000.00 24-48 hours Yes 0-2.5%
VISA Credit 1-5 business days 20000.00-50000.00 24-48 hours yes 2.5-3%
MasterCard 1-5 business days 20000.00-50000.00 24-48 hours yes 2.5-3%
Bank Transfer 2-10 business days 100,000.00 24-48 hours yes 1 free per month
Fast Bank Transfer 1-3 business days 100,000.00 24-48 hours yes Free
NETELLER 12-24 hours 30,00.00-37500 instant yes Free
Skrill 12-24 hours 25,000.00 instant yes Free
PayPal 12-24 hours 5000-10000.00 instant yes Free
bitcoin instant 100,000.00 instant yes Free
INSTADebit 12-24 hours 1500 instant yes Free
EcoCard yes Free
entropay 24 hours 100,000.00 24 hours yes Free
paysafecard 24 hours 2000 24 hours yes Free
iDEAL 24 hours 1000.00-1500.00 24 hours yes Free
Check/Cheque 5-28 business days 50,000.00 48 hours yes free

Picking the Best Deposit Method for You

It's important to choose the right deposit option. Often you may be restricted in your country to one or two banking methods. Where possible, always avoid:

  • High minimum deposit limits
  • High charges and fees when moving funds
  • Long processing times when you cash out

Banking should be secure and safe too. Reputable casinos online will always segregate player funds. This way, you know your own account money is kept separate from the casino's operating costs. We'll only ever recommend an online casino with air-tight security and a wide range of secure banking options, for you to deposit and withdraw with peace of mind in 2019.

ID Verification Checks for Withdrawals

To satisfy license requirements, online casinos must make security checks on all real money customers who want to cash out. When it comes to your first withdrawal, you will usually have to supply one or two forms of photo ID and a utility bill. These can include a passport or driver's license. Simply scan in the documents and email them to the casino. Your own account page may also have this facility.

Once the ID check has been performed, and you are proven not to be under age or banned, the casino will honor the cashout. In a lot of cases, you can do this ID verification check as soon as you join the casino.

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