When paying into your account and deposit funds in any of the forms below, you will find, in almost every case the money is available to bet with instantly. A manual bank transfer may take a little longer before being available for wagering.
Wallet solutions will see you get your money transferred quicker than the traditional banking method, and there are only withdrawal fees in exceptional circumstances. these are the best withdrawal methods for online betting sites.
*In most cases there is no charge for withdrawals, however, if you make multiple withdrawals in a single day, week or month, especially for small amounts, there may be charges applied. This will differ from the operator, so check the withdrawal policies before making lots of small withdrawals.
The time it takes from making a withdrawal request and receiving your money will fluctuate depending on 3 aspects
- The betting site policy
- The payment method (Card/eWallet/Bank)
- The Amount you are Withdrawing
How long do Australian bookies take to payout withdrawal requests?
Each bookmaker can have a different policy when withdrawing funds from your account. Usually, and any reputable online bookie will process your withdrawal request either immediately or within 24 hours. it is rarely the case that it will take any longer than this unless there is a dispute of any kind
Why Does the Payment Method Matter?
Something that is often blamed on the bookmaker is the time it takes for your to receive the money back into your bank account. However, if you use a bank transfer, debit or credit card like MasterCard or VISA, the bookie can process and authorize your withdrawal immediately and inform your bank. It then depends on how long your bank will take to transfer those funds to your account. This can be between 1-5 working days depending on the banking institute
Using Wallet solutions like PayPal, Neteller or Skrill will often see your money returned to hose accounts instantly and at worst within 24 hours.
What Happens if I win big?
Most bookmakers have a maximum withdrawal figure in place. This is not to stop you from getting your money but is a security measure to ensure that if someone gets into your account with the idea of stealing your money they can only get a maximum amount.
If you have a larger withdrawal than the maximum level you can contact customer service and discuss the matter with them. Do check the terms and conditions with bookmakers though, sometimes, for really big wins, and we are talking in the hundreds of thousands of dollars here, they may prefer to set up a payment plan where you get an agreed amount each month. This scenario is unlikely with the brands listed here on OLBG but smaller operators do have to look after cash flow business interests!