What is a fast or instant withdrawal?
Any withdrawal processed so you have the money in your account within 1 hour can be considered instant.
A wire transfer will never be instant. To have your withdrawal processed instantly, you must also choose a payment method that allows for instant withdrawals in the first place.
This also means you have to use that payment method for the deposit! Casinos usually only allow you to withdraw money using the same payment method to make the deposit.
Instant withdrawal methods
The payment method itself must not be the bottleneck. It must not be something that only works during regular business hours and weekdays, it must not require a human to process the transaction, and it must not be something that takes 3-5 business days to get to you.
So, what would those instant payment methods be?
Crypto is out of the question, as UKGC-licenced casinos couldn’t juggle the anonymity of crypto and still comply with all the UKGC regulations regarding the source of funds (SOF) and other checks.
Otherwise, crypto would have been the fastest withdrawal method. Numerous reports of casinos with weak licences use crypto for payments and have withdrawals processed almost instantly.
We don’t have access to these casinos or crypto, so we’ll have to look at the best of the rest.
Skrill / Neteller
Skrill and Neteller are e-wallets known to be extremely fast. You’ll see it instantly if someone sends you money on Skrill / Neteller.
There are no delays caused by the payment method. If a casino pays you, you get the money right away.
To use the money for spending, having a plastic card associated with the Skrill or Neteller account is best. Otherwise, youR17;ll have to go through one extra step, which is expensive, withdraw the money to your card or bank account. So it won’t be as instant!
It also depends on what you want to do with the money. If you’re withdrawing it only to deposit it in another casino, leave it there. Skrill/Neteller is excellent and is likely the fastest and cheapest way to move money between casinos.
What is said about Skrill and Neteller also goes for PayPal.
Payments are instant, though they carry a fee, and then it’s only a matter of how you will access your account.
You can get a Mastercard debit card associated with your account, like Skrill and Neteller. You also get a Mastercard there. The PayPal card doesn’t cost you anything.
If you don’t have a PayPal debit card or can’t get one, the fastest withdrawal option is to withdraw funds to your Visa card issued by your bank, which will carry another fee.
Alternatively, you can withdraw to your bank account.
Debit cards, including Visa Fast Funds
It doesn’t get any better – or cheaper – than simply using your debit card to deposit to an online casino and receive a withdrawal.
Of course, we know that credit cards can’t be used for gambling in the UK, as that would mean you’re gambling on credit. So debit cards it is.
The best possible option here is Visa Fast Funds, which many online casinos offer these days, and we can expect more of them to include this scheme. This will likely become the most popular payment method that could squeeze out the e-wallets.
If you don’t have a PayPal debit card, withdrawals from PayPal can only be made to a Visa card, not MasterCard. You also have access to Visa Fast Funds if the casino allows it.
It’s much better, generally speaking, to have a Visa card.
Casinos that process withdrawals instantly
Let’s assume for a moment the payment itself is being made instantly. So there are no delays there.
If that is the case, the only other possible delay between your requesting a withdrawal and the payment being initiated is the reaction time of the casino.
If you want the payment processed instantly, ensure you have passed the necessary verification checks such as KYC, SOF, AML and anything else the casino might require.
More on this in a separate section.
Also, no red flags must be raised that would make the casino classify your withdrawal as something that needs further investigation.
There can be several reasons for additional checks. Most will have something to do with the Source of Funds (SOF).
If anything is suspicious or unclear, the casino must make further checks to stay in line with the UKGC licence rules.
Also, some casinos have a minimum withdrawal amount, which helps them pay fewer fees from lots of micro withdrawals.
Keep this in mind, and always check the T&Cs or ask customer support what the minimum withdrawal is.
Instant Withdrawals Frequently Asked Questions (FAQ)
Which online casino has the fastest withdrawal time in the UK?
Casinos with the fastest withdrawals have the best security protocols in place, as they don’t have to delay withdrawals to make further checks. Look to the most prominent casinos like LeoVegas to process payments fastest.
Which is the fastest payout casino payment method?
Electronic payment systems such as e-wallets process payments instantly. Skrill, Neteller and PayPal are all excellent options.
Does the size of the withdrawal affect the speed of the payout?
No, it doesn’t affect the speed of the process. As long as no red flags are raised regarding the source of funds and other essential things such as anti-money laundering, all withdrawals are the same to the casino.