For regular players, cashing out is a simple operation performed mechanically. However, it is a matter of taking care of certain factors, which new players tend to overlook. This article takes new players through the most important of these factors. Each online casino will have slightly different rules and procedures for cashing out. Therefore it is essential that players read and completely understand the Cashier section. In some online casinos this section is labeled as banking. Further information is available in the FAQs relating to the cash desk and in the contract with the end user. It is a good idea to prepare a simple checklist to cash out based on this information.
Online casinos are required to maintain proof of the identity and address of all players with real money. Therefore, they can ask players to fax copies of relevant documents. Online casinos usually allow players to make deposits and wagers even if the documents have not been submitted. But they will stop the withdrawals. Therefore, before making the first withdrawal, players must ensure that the documents have been sent.
Players who benefit from the bonuses must be aware of the fact that there are restrictions on cashing up until the wagering requirements have been met. Usually the amount payable and the amount related to the bonus are kept in separate and clearly demarcated accounts. So the probability of inadvertently withdrawing from the bonus account is remote. However players should note that the attempt to withdraw more than the balance is not considered favorably. Most online casinos simply do not allow the transaction. But others could also take disciplinary action. This could be in the form of forfeiture of winnings from the bonus or suspension from the casino. So it’s better to double check and don’t make mistakes.
Online casinos set minimum and maximum withdrawal limits. It is better to find out what these limits are and stick to them. This one-off effort will save failed repeat transactions because the limits are violated. There are two questions about these limits that are important. Many online casinos specify a maximum limit for cumulative withdrawals over a given period of time. Therefore, the player must make sure that the current withdrawal does not violate the cumulative limit. All online casinos allow access to the player’s financial transaction history. It is a good idea to check this before requesting a withdrawal. In some cases, two independent collection limits may apply. One can be from the online casino and the other from the payment service provider.