When to Withdraw Winnings?
To withdraw or not to withdraw, that is the question. Surely, you’ve asked yourself this exact question at least once in your online gambling career. Knowing when to withdraw your winnings from your casino account isn’t that easy at all, so today we’re going to give you a few pointers on what you should keep in mind and when the right time for withdrawing your funds would be.
Fund Withdrawal Takes Time
One of the first things you should bear in mind when considering withdrawing your funds at online casinos is the time it takes for the money to be processed. Unlike depositing, which is instant, your withdrawal request needs to be thoroughly checked and undergo certain security processes before it’s ready.
“Don’t forget it takes time for your withdrawal request to be fully processed; sometimes it’ll be 5 days before the money’s in your bank account!”
Once you’ve requested your withdrawal it can take up to 5 days for the money to reach your bank account. Don’t worry; it’s often significantly less – especially when it comes to e-wallets like Skrill and Neteller – but you should still keep this info in mind when using bank wire transfer.
Long story short: if you need cash pronto, tough luck – you’ll still need to do some waiting before it’s in your hands. A simple solution is to plan ahead.
Leave Funds for Future Depositing
Say, you have a significant sum in your casino account and you’re about to withdraw it. What you need to ask yourself is if you’re going to be needing more money going forward for online slots or other casino games or you’re done gambling for now.
If the answer’s yes, you do want to continue spinning the reels, then don’t withdraw the whole sum all at once. If you do it, you’ll just end up having to add more money soon in order to make your deposits and that’s just redundant going back and forth.
Plan Your Withdrawals Ahead
We’ve already mentioned this up there, but planning withdrawals ahead deserves its own space. The idea is really simple: all you need to do is to have a withdrawal plan and stick to it.
“Make a withdrawal plan, set a withdrawing day in the week and stick to the schedule.”
It can be a weekly plan or a monthly plan, but always know which days you’re going to be withdrawing your money (say on Sundays) and try to adhere to the schedule. What’s most important is to try not to go over your set amounts and you’re safe.
Clear Out Your Account When Transferring Casinos
Decided to switch casinos? Well, that surely means it is time to withdraw your winnings in total. Should you do it before or after you open up a new account, though? We suggest you clear out your current account prior to making a new one at another online or mobile casino and transferring your funds over. That means you haven’t gone over your set-aside money for gambling and you’ll be using the same funds going further.
Still, this strategy might result in a short time period of having no funds in either account. If you can brave through it, it’ll be all right sooner than you think! Naturally, you don’t have to stick this suggestion 100%. If you can’t imagine a single day in your life without turning the reels of your favourite online slots, then perhaps leave a really small amount in the old account – if only till the entire transition time is over.