When is the best time to Cash out online casino winnings from your account? This is a question that is common to every online gambler. It comes up at least once during the course of your virtual gambling life. Determining the most appropriate time for taking your earnings out of your casino account to your personal bank account is a difficult task.
There are many factors that must be considered when determining when the best time should be. This article is intended to list some indicators you must consider. Indicators that will lead you to the most appropriate time to withdraw your earnings from your casino account.
The Withdrawal Process Is Not Instant
In contrast to deposits, which are immediately received and processed, your funds withdrawal request takes about 24 hours to be received by the casino’s broker. The broker then instructs the accounts department to check and process the request before pointing the money in the direction of your bank. This takes about another 2 days.
The process of directing the payment towards your bank involves several security procedures that transpire between the department and your bank. This also takes about 2 days too after which, the money then finally lands in your personal bank account in about 5 days. This required number of days is mainly for bank wire transfers. E-wallet transfers like Neteller and Skrill can be substantially faster.
Always remember that casino earnings withdrawal requests are not fully processed instantly; occasionally, it could take as much as 5 days before the money finally lands in your personal bank account!
TIP: Always plan for the future as you must wait for some days before you get your money even if you need to use cash ASAP.
Use Funds for Future Reinvestment
Do not just withdraw your funds because you have accrued a large amount. Ask yourself the following questions before initiating any withdrawal;
- Do you want to play other online slots?
- Do you need additional casino games to play?
- Do you wish to finally retire from gambling?
If your answer shows that you are not yet done with online gambling, then, withdraw only a small part of your earnings. If you withdraw all, you will be required to keep adding more funds anytime you need to meet a minimum deposit.
TIP: Reinvestment is positive growth in any business. Grow your business investment capital.
Have a Future Withdrawal Plan Always
Although already mentioned, this point needs to be discussed separately. The simple idea here is to create a long-term withdrawal plan and adhere to it.
“Create a withdrawal blueprint. Set a ‘day for weekly withdrawals and an amount limit’. Ensure that you strictly adhere to your blueprint!”
Your plan could also be monthly. The most important thing is to know your withdrawal days and amounts and never exceed them. You will be safe if you can do this.
TIP: Adhering to withdrawal days and limits ensures that you always have reinvestment capital.
Empty Your Account When Changing Casinos
If you have decided to change casinos, then withdraw all your earnings before or after opening your new account. But it is most advisable to do it before signing up to another mobile or online casino. By doing this you are still adhering to your withdrawal plan.
Even though you could end up with both accounts empty during the transition period, it is a very short period you can survive. But if you are the type that must gamble every day, then a tiny remainder in the old account will carry you over the transition period.
TIP: Empty your account when changing casinos but never exceed your withdrawal limits.
How Do You Withdraw?
Tell us bellow in the comments section when you normally withdraw your funds and how you do it. Do not forget to get in touch with the casino’s customer support department, especially if you need assistance with withdrawals. How the support team responds to your query will show whether the casino is trustworthy and serious or not.
