Payout Pending PeriodIn an ideal scenario, we'd win on our favorite online slots, hit the Cashout button, and have the money in our account within moments. However, the process isn't typically that fast. After making a withdrawal request, there’s usually a payout pending period.
During this time, the money remains in your online casino account while their banking team processes the transaction. At some casinos, this processing period can last up to 4 days, which can be frustrating if you’re eager to access your winnings quickly.
Fortunately, many operators are speeding up this process, offering much shorter payout pending periods. Fast withdrawal casinos often have very brief or even no pending periods, coming closest to providing instant withdrawals.
Fastest Casino Payment MethodsWhen depositing funds at a fast withdrawal casino, the money typically appears in your account instantly, whether you’re using a debit card, money wallet, or prepaid card. The exception here is wire transfers, which can take a bit longer.
Withdrawals, however, can be more complicated. Different methods often come with different withdrawal times. Here’s a look at the pros and cons of the most popular online casino payment methods:
- Money Wallets: Payment solutions like NETeller and Skrill usually offer the quickest withdrawal times. However, note that some casinos may exclude these methods from welcome bonus eligibility. For instance, Sun Vegas Casino offers a 100% welcome bonus up to £300, but it’s not available if you use Skrill or NETeller for your first deposit. Subsequent deposits with these wallets are fine, and you can use them for fast withdrawals.
- PayPal: Widely used for eBay transactions, PayPal is increasingly available at UK casinos. PayPal casinos offer the convenience and speed of money wallets, with many still allowing players to claim welcome bonuses.
- MuchBetter: This mobile app provides secure deposits and withdrawals for smartphone users. While not as fast as money wallets, it still competes favorably with debit cards.
- Apple Pay: Exclusive to iOS users, Apple Pay casinos in the UK are on the rise. This method allows for quick, secure transactions without needing to share card details.
Fast Payout Casino FeesMost online casinos don’t charge fees for withdrawals. However, a few may levy a small charge, so it’s always worth checking the fine print when choosing where to play and what withdrawal method to use.
Payment Methods to Avoid at Fast Payout CasinosWhile many online casinos offer a broad range of banking options, some methods are slower and might not be the best choice if you prioritize fast payouts:
- Debit Cards: Cashouts with debit cards are often slower than with money wallets, typically taking 1 to 3 working days after approval. However, Visa Direct has enabled faster withdrawals at some casinos.
- Bank Transfers: Usually the slowest method, bank transfer withdrawals can take anywhere from 1 to 7 days. However, some casinos offer faster times, like Grosvenor Casino, where eligible bank accounts can receive funds in as little as 3 hours.
- Prepaid Cards: While popular for deposits, prepaid vouchers like Paysafecard aren’t ideal for withdrawals. Typically, if you deposit with a prepaid card, you’ll have to withdraw via bank transfer, which isn’t the quickest option.
Minimum and Maximum Withdrawal AmountsMinimum withdrawal amounts vary between online casinos, typically around £10 to £20. The more critical factor is the maximum withdrawal amount. Some casinos impose caps on how much you can withdraw in a week or per transaction, which can significantly impact your ability to access large winnings. Be sure to read the T&Cs carefully to avoid any surprises.
Account Verification at Fast Payout CasinosAt
100BestCasinos, we only recommend casinos regulated by the UK Gambling Commission. These casinos must comply with UKGC rules, including account verification to ensure player safety and security.
Before withdrawing, an online casino must verify your identity, typically to prevent underage gambling and money laundering. This process might be automatic, but sometimes you’ll need to upload photo ID (e.g., driving license or passport) and proof of address (e.g., utility bill or bank statement). Verification usually takes up to 48 hours but is often quicker. Once completed, you can request instant withdrawals.
Weekend CashoutsIf you win big on a Saturday, you don’t want to wait until Monday to start the withdrawal process. The best fast withdrawal casinos offer weekend cashouts.
Not all UK casinos provide this service, but we make sure to highlight those that do. Given that weekends are a prime time for online casino play, weekend cashouts should be standard practice.
Lock Withdrawal Option at Fast Payout Casino SitesThe Lock Withdrawal feature is incredibly useful, allowing players to lock their withdrawal so that it can’t be accessed, thus removing the temptation to continue playing with those funds. Let’s consider an example:
Suppose you’ve hit a big win and requested a withdrawal. The money then enters the casino’s pending payout stage. As we’ve previously discussed, these pending periods can vary. While the funds are in the pending tray, it can be tempting to dive back into the games and use the money you initially intended to withdraw.
The Lock Withdrawal feature prevents this by locking the withdrawal, ensuring that the funds are inaccessible and that the money will be sent to your chosen account method without any interference.
At some casinos, you might need to request this option, while others provide it automatically. For instance, as highlighted in our Risk Casino review, the Lock Withdrawal feature allows players to safeguard their withdrawal, removing the temptation to gamble with those funds.
Reverse WithdrawalsIn contrast to the Lock Withdrawal, the Reverse Withdrawal feature allows players to cancel a withdrawal request. When a reverse withdrawal is processed, the requested cashout is canceled, and the money is returned to the player’s online casino account, making it available for further play.
However, the UK Gambling Commission has scrutinized this practice, and reverse withdrawals have been banned since October 2021. The Commission stated:
“The Commission has also introduced a permanent ban on reverse withdrawals for all online gambling – this function previously allowed consumers to re-gamble money they had previously requested to withdraw.”
VIP and Loyalty Schemes at Fast Withdrawal CasinosIdeally, all players would receive equal treatment when it comes to fast withdrawals at UK casinos. However, as with many aspects of life, some players receive preferential treatment. At some online casinos, members of the VIP or Loyalty Programme enjoy faster withdrawals than those lower in the VIP hierarchy.
This varies by site, and we try to highlight this in our casino reviews. The UK gambling regulator is also examining VIP programs. Ideally, you want to play at an online casino that offers fast withdrawals to all players, not just the high rollers.
Betting Shops and BookmakersIf you play at UK slot sites linked to a brick-and-mortar casino or bookmaker, you often have another option for fast payouts. In many cases, you can choose to cash out in the operator’s physical venue. Most sports wagers are settled as soon as the event is completed, and the same applies to cashouts from other parts of the bookmaker’s or casino’s online operations.
For example, at Paddy Power, you can request that your winnings be paid out to a Paddy Power CashCard+ when visiting one of their high street betting shops. Other bookmakers and casinos offer similar options, like Coral and William Hill.
Are New Casinos Instant Payout Casinos?You might assume that new online casinos would dominate a list of the top 10 fast withdrawal sites, but that’s not always the case. In fact, newer casinos often don’t cover certain hidden charges that more established casinos do, such as withdrawal fees or PayPal charges. While top sites typically absorb these costs, you might encounter them at newer casinos. Additionally, PayPal might not even be an available option at some new casinos.
That said, there are plenty of exceptions, and we only list the best ones here, including Pokerstars Casino and Playzee Casino.
Fast Withdrawal SlotsThe term "fast withdrawal slots" essentially refers to the casino itself rather than the slots. When you see terms like "fast payout slots," it’s important to remember that the speed of your withdrawal depends on the payment method you choose, not the slot game. Keep this in mind when you encounter such terminology.
Summary: How Can I Speed Up Withdrawals?There are several steps you can take to ensure you receive your winnings quickly, especially at no-wagering casinos where there’s no need to meet bonus turnover requirements first. The tips below can help you get paid out in no time:
- Choose a Casino with Minimal Pending Period: Opt for a casino that either has a very short or no pending period for withdrawals. This will help ensure your funds are processed as quickly as possible.
- Select a Fast Payment Method: Use payment methods known for quick cashouts, such as money wallets or PayPal. These options generally offer faster processing times compared to traditional methods.
- Check Withdrawal Limits: Verify both the maximum withdrawal limits and the minimum deposit amounts. This ensures you won’t face the inconvenience of making multiple withdrawals when you could potentially withdraw the full amount in one transaction at other casinos.
- Complete Account Verification: Ensure that your account is verified by providing the necessary documents. Ideally, choose a casino that offers automatic verification to expedite the process.
- Consider On-Site Withdrawals: If you’re near a casino or bookmaker with a physical location, check if they offer on-site withdrawals. This can be a convenient option for quicker access to your funds.