Deposit and withdrawing guide
When you start playing for real money at a Canadian online casino you need to have real cash in your casino account. You do this by making a deposit. When you win real money you will want to take this money and spend it on yourself. You do this by making a withdrawal.
There are a few things you need to know in order to make your banking experience as smooth as possible when playing online.
Making a deposit at a real money casino
First things first you need to make a deposit to get real cash funds into your casino account. There are a variety of options available like:
- Credit card payments
- Debit card payments
- Web-wallet payments
- Bank transfers
- Money vouchers or pre-paid cards
You will need to select the option that best suits you, choose the option of the most convenience. Most Canadian gamblers fund their accounts using a credit or debit card. This is an easy option as most people already have a Visa or MasterCard. A web-wallet will require you to sign up for an account; you will then need to fund this account using your card or a bank transfer. You can then deposit funds into your account using the web-wallet, a popular e-wallet for Canadian players is Neteller.
Once you have selected the payment method you will need to enter in your details (personal and financial depending on the method). You can also stipulate exactly how many you would like to deposit.
Withdrawing your winnings from a real money casino
Making a deposit is the easy part of casino banking. When you want to withdraw your winnings it can be a little more complicated. Once you understand the procedures and play through requirements the process is painless.
Most of the time the casino will use the same method to return your money as you used to deposit. These methods have different turnaround times and can incur certain charges or fees. Some methods do not allow casinos to return money to them such as MasterCard. When you make your first withdrawal from the casino you will be asked to provide a form of identity. This is not a tactic to delay the process but more a necessary step to protect you from fraud. An example of this identification could be a driver’s license, a government issues identity card or even a utility bill. Once this has been provided it will take over 24 hours for the casino to process your withdrawal. The method you select will predict how long the process can take, some methods can take up to a week. We suggest checking your casinos banking page for more details on this.
Withdraws and wagering requirements
If you claimed a casino welcome bonus then you will need to be aware of the wagering requirements. These details can be found in the terms and conditions. This simply means that if you claim a casino bonus you are required to gamble a certain amount before you can withdraw any winnings. For example if you claimed a $10 bonus on a 15x wagering requirement you would need to wager $150 before you can withdraw.
It is important that you read through the terms and conditions of any bonus you claim at an online casino.