If you’re a fan of online casinos, you’ll know just how frustrating it is to wait for your winnings. No matter where you are, you’ve probably searched online for the fastest withdrawal casinos just to get away from the long waits. So, which countries have the top withdrawal speeds? Let’s find out!
What affects casino withdrawal times?
There are a number of things to consider when you’re looking at casino withdrawal times. These include:
- Your location: Some countries have strict withdrawal verification protocols which slow down the process, at least for the first withdrawal anyway.
- The online casino you’re using: This is the main contributing factor. Some online casinos make it their mission to pay out quickly, while others aren’t so bothered.
- The casino security software: The tighter the security, the longer it will take — but this is a good thing.
- The casino’s size: If you’re withdrawing from a large casino that is dealing with thousands of withdrawals it might take longer. However, this might also mean it’s quicker because they can afford to have the best systems in place.
- The payment method used: Some payment methods take longer to process than others.
- Your player status: The higher up the VIP scheme you are, the quicker your withdrawals might be processed.
The 8 countries with the fastest withdrawal times
Here is our list of the countries with the fastest withdrawals:
- New Zealand
- United States
1. The United Kingdom
The UK was one of the first nations to permit online gambling. The UKGC license is considered to be one of the most robust in the world. Given the country’s long online gambling history, it’s easy to see why casinos that are based here have fast payout times.
2. New Zealand
New Zealand has some of the world’s best online casinos, including Spin Palace and SkyCity. There is no tax on winnings, so players can keep everything. Since gambling is popular here and the online casinos used are generally large, international ones, withdrawals are pretty fast.
Australia is home to CrownBet, a gambling giant. All forms of online gambling are legal here, which makes the market very large. As such, casinos make it their mission to pay out quickly.
Ireland’s gambling history is long, but it hasn’t always had a casino industry in the traditional sense. However, the country has advanced in how quickly it processes withdrawals.
Finland is widely known as an online gambling powerhouse. There are no hugely restrictive rules for online casino operators, which makes it easier for withdrawals to be processed quickly.
6. United States
The market size of the US online gambling industry is $9.5bn. Each state is responsible for its own regulations. However, due to the level of technology in this country, it’s a really quick place to withdraw winnings from.
All forms of online gambling are legal in Italy and gambling is a popular pastime, so there is a lot of choice when it comes to choosing where to gamble. This means that the online casinos are competitive, and you can get fast withdrawals here.
Canada is another country whose regulations depend on where you are. However, it’s a relative newcomer in the online gambling industry after the province of Ontario legalised gambling in 2022. All the online casinos available here are super modern and generally offer fast payouts.
The online casino withdrawal process
As we’ve already mentioned, there are several factors that affect the speed of a withdrawal. One thing that few people understand is that there are two phases to a withdrawal at an online casino. These are:
- The processing time: This is the time it takes for the casino to send your money.
- The withdrawal time: This is the time it takes for the financial institution to release the money to you.
Let’s look at this in more detail:
Phase 1: The processing time
When you request a withdrawal, the casino needs some time to process it. They will look at your request, verify some information and then send the funds to your financial institution. The casinos need this time to confirm that there is no fraudulent activity or infringement of the rules. They will also check whether your request is within the limits and whether you’ve met the necessary wagering requirements. They will also attempt to confirm that the money is going to the account holder and that the account hasn’t been hacked.
Phase 2: The withdrawal time from casino to account
Once the casino has approved the withdrawal, the funds are then sent to the payment system which handles the transfer to your account. There are a range of different payment systems that process these transactions, and the withdrawal time varies. After processing, the funds might appear instantly, or they might take a few days to appear. This depends on your chosen banking method. E-wallets, for instance, have the quickest withdrawal times and will usually appear instantly after processing. Bank transfers and card payments tend to take a few days.
How long does withdrawal processing take in total?
In general, processing takes less than 48 hours for all transactions, but it’s often a lot quicker. The best casinos will process transactions instantly as they’ll have computer programs to do all the necessary checks. However, there are still online casinos that take forever to process a transaction as they’ll only do them between certain hours on certain days of the week.
Whenever you sign up to a new online casino, be sure to check the withdrawal processing times!
How long does the actual withdrawal take?
This depends on your financial institution and has nothing to do with the online casino. It really depends on the method you choose. Here is an idea of how long it takes after processing:
- E-wallets: Up to 15 minutes for e-wallets such as Skrill and Neteller
- Cryptocurrencies: Up to one hour but varies depending on the cryptocurrency used
- Bank cards: Between one and five days
- Bank transfers: Between one and five days
Always check casino withdrawal times
As we’ve seen, the withdrawal times of online casinos are affected by several key factors. The top eight countries for withdrawal speeds that we’ve listed here have the best processes around. This is either because the industry is relatively new and modern or because it’s well-established and large. Though knowing the withdrawal times won’t help you win gambling games, it’s still useful information.
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