When to withdraw your funds from an online casino is one of the oldest questions faced by players. After playing your favourite online slot game in Canada, NZ or wherever you are and winning a jackpot… At what point should you withdraw your winnings and when is it still in your best interest to let it sit in the casino? This is one of those questions that inevitably come down to the individual, and there really is no solidly right answer, but here are a few things to keep in mind that may influence your decision.
Withdrawal And Deposit Delays
The first thing you should keep in mind is the amount of time it takes for a withdrawal to be finalised. When depositing, the cash appears in the online casino instantly, with little to no delay. This is incredibly convenient, and keeps the action at online casinos quick and steady. When withdrawing cash, however, it must go through the correct channels at your local bank. And this, unfortunately, means that there can be some delays.
Upon a withdrawal being made it may take as many as 5 days until the cash appears back in your bank account. It may not be this long, but to be on the safe side you should assume the wait to be the maximum of 5 working days. If you needed that money in a hurry, as in right now, you are out of luck. For this reason it is important to always keep a close eye on your funds, especially when it comes to being in the account of an online casino.
Will You Need It?
Considering the delays, the most obvious question to ask is; will you be playing again any time soon, and will you need funds in the online casino account? It seems rather silly to withdraw money today, only to have to be depositing more tomorrow because the account is now empty, and the withdrawn money in bank limbo.
Keep in mind the very obvious solution that not every penny in an online bank account needs to be withdrawn in one lump sum. Many find it is a good idea to withdraw winnings and leave a steady amount at the online casino. In this fashion it’s easier to stick to a monthly or weekly plan. This brings us to the next point; make a plan and stick to it.
Making Plans And Sticking To Them
Many are eager to withdraw winnings from their online casino account as a way to avoid spending it, either intentionally or unintentionally. This is a fair plan, and is indeed the most stringent way to stick to predetermined plans. The important thing is, of course, having a plan in the first place. It is a great idea to have a set amount that you are willing to commit to online casino games on a monthly or weekly basis, and to stick to that amount.
A good approach might be to have a set floating amount in your account, and adjust the amount accordingly at the end of each week. If you have made profits, withdraw them on Sunday and leave the original floating amount in the account. If you have perhaps dipped below your balance, do a little top up on Sunday, sharpen your skills, and head into the next week with increased determination and vigour. The important thing is sticking to your set amount, which is, of course, an amount that fits into your personal budget and finances.
In the case of deciding to move your whole account to a new online casino, you will obviously wish to clear out the unwanted account and transfer any cash to the new account. In this case it is very much a good idea to withdraw the money in advance, before creating the new account, assuming you want the same money to be used. Of course, this may result in an annoying gap of a few days where both new and old accounts are empty, and now games may be played. If you’re the type of person who can’t sleep unless you get your nightly slot game fix, it’s best to leave a little cash left over in the old account, just to tide you over.
Customer Support Standing By
Remember that in any situation where you are unsure about problems or issues related to your account, every reputable casino has a customer support centre that will go out of its way to lend a helping hand. Online casinos know that you take your funds very seriously, and will do anything and everything in their power to put your mind at ease and resolve issues. If your favourite casino supports the option, and it should, use an instant chat feature as opposed to sending an email. The response will be instant, with no delays in getting the help you need.