🎖️ Fastest Payout Casinos in Canada
Online casinos can process withdrawals in matter of minutes, but usually, you have to wait up to 24-48 hours to receive your winnings. What’s best, the fastest payout casino sites are also offering big welcome bonuses for Canadian players. You get a 100% matched bonus up to C$1600 and up to 200 No-Deposit Free Spins. Quick and fast payout casinos online in Canada 2021:
|1||C$520 + 200 Free Spins||Same Day|
|2||C$500 Welcome Bonus||24 Hours|
|3||C$300 Welcome Bonus||24 Hours|
|4||C$500 Welcome Bonus||Same Day|
|5||100% up to C$200||Instant|
|6||C150 Welcome Bonus||1 day|
|7||50 No-Deposit FS||1 day|
|8||80 Bonus Spins||0-24 hours|
|9||500% Bonus||Same Day|
|10||C$1000 Bonus + 300 FS||Instant via eWallets|
Fastest Withdrawal Casino: Rizk
Rizk Casino was the first to realize that casinos with fast withdrawal times make for a much better user experience. It started to make use of new deposit and withdrawal methods and just credit cards and processed everything very quickly. There are no instant withdrawal casinos, but Rizk comes close.
The near-instant withdrawal time made Rizk one of the best casinos in customers’ minds and grew a huge fan base. Others in the gaming industry immediately followed. In 2021, most real-money casinos make sure to have fast withdrawal speeds in addition to a good casino game selection and other basics.
⭐ How to Find Fast Paying Casinos
Casinos that have a reputation of paying fast to players are smart. On any given night, thousands of Canadians entertain themselves at an internet casino. Sometimes, you get lucky playing video slots or live dealer games. Some players prefer old-school video poker. But when it’s time to withdraw winnings, you don’t want to be left waiting on your winnings. There are some important factors you should take into consideration when choosing your casino site:
- Choose a trusted operator from Bonus.ca: Every casino we list on the site has been approved by gambling authorities such as the Malta Gaming Authority or UK Gambling Commission.
- Check available payment methods: There are differences between casino payments. By default, e-Wallets are the best options for fast deposits.
- Pick a casino that has the best possible casino bonus available for your gambling budget.
- Low minimum deposit: Usually casinos that have a low minimum deposit required have faster payouts. In most cases, these casino sites have better liquidity so they can take smaller deposits and payout winnings faster.
Why Do Online Casinos Offer Fast Payouts?
When gambling online, we all dream of winning. And when it happens, it’s payout time! Online casinos used to drag their feet when it came to instant payouts. In 2021, players have started looking for instant withdrawal casinos. These fastest payout casinos process withdrawals instantly, but most of the time it’s going to take at least 1-2 hours before your withdrawal appears on your bank account or e-Wallet.
- It is an excellent marketing strategy for a gambling site to provide fast withdrawals. Usually, new casinos pay out faster on average.
- In recent years, competition has forced Canadian online casinos to speed things up. As of October 2021, some sites can get you your money in minutes.
- Being fast with payouts compared to the industry average helps most casinos to keep their players happy.
Withdrawal pending period times vary between fast payout online casinos. With some payment options, you can receive your winnings within hours whereas some payment methods like bank transfer can take up to 5 days.
⭐ Tips on Increasing Your Payout Speed
The sooner you can get your hands on your casino winnings, the better. Here are some tips you might find useful, especially for new players. To speed up your withdrawals, try the following suggestions:
- Check withdrawal times for your online casino – When it comes to processing times, every online casino is different as is every banking method. For instance, some process bank transfers in 2-3 business days, while others can take up to five. In Canada, Casino Rewards casinos take a few days to process all cashouts.
- Sign up for an e-wallet: Across all gaming sites, e-wallet payment options like PayPal, Skrill, Neteller, and EcoPayz Casinos have the fastest payouts. These services also have debit cards linked to your e-wallet balances. Withdraw to these e-wallets, and you can be enjoying your big win within hours!
- Use the same payment method for deposits and withdrawals: We’ve found that using the same payment method you used for deposits, will shorter the pending period on withdrawals. Some casinos even require you to do this.
- Level up your VIP status: Often, Canada online casinos offer faster payouts to higher VIP status players. By playing regularly on specific sites, you can move up to tiers that offer quick withdrawals up to instant. By being on a higher VIP level, you also enable more significant credit card deposits, VIP customer support and other perks all casino players enjoy.
- Send your documentation beforehand: Every online casino is going to request an ID, either passport or driving license and a utility bill to verify your account. This is part of the casino’s anti-money laundering (AML) program. The good thing for the players is that you only need to do this KYC (Know Your Customer) process once. After you’ve verified your account, your future withdrawals are fast and easy on your chosen casino.
⭐ General Payment Processing Guidelines
Not familiar with the withdrawal process at online casinos in Canada? Here’s how it works, from start to finish:
- Find the cashier – This is where all deposits and withdrawals are processed. After logging in, you can usually find the cashier along the top menu bar. You’ll find it under “Banking” or a similarly named option on some mobile casinos.
- Make a withdrawal request – On the cashier page, you’ll see your current balance, as well as buttons for deposits and withdrawals. Click the withdrawal button, and the cashier will present you with a variety of withdrawal options. Select one, then input the amount you wish to withdraw. The minimum withdrawal you can request is often either C$10 or C$20.
- Input billing details – Lastly, you’ll need to provide information on your destination casino account. Enter requested personal information in the provided fields – once you have finished, click the “submit” button.
- Be patient – Unlike deposits, withdrawals are NOT instant. Even for so-called instant withdrawal options, there is a small delay. Depending on the site/withdrawal method, they take anywhere from a few minutes to a few hours to review requests. Sometimes, withdrawals can take up to 24 hours before they’re released.
An important point about this whole process is that your second cashout will be faster than the first one. Casinos only check your id once, so you need to wait for this process to complete with the first withdrawal. This process has to be done only once, so after they have all the papers, fast casinos like Rizk and Guts send your funds as soon as you click “withdraw”.
⭐ Fastest Withdrawal Methods
Online casinos only offer payment methods with a good reputation for safe and secure money transfers. However, there are differences between the payment methods on how fast your money appears on your account after making a withdrawal request. The slowest withdrawal option for cashing out is a paper check, followed by standard bank transfer and electronic checks. Fortunately, most other withdrawal methods are way faster. In summary, we’ll run down the quickest casino payout methods:
|Withdrawal Option||Payout Speed|
|Interac E-Transfers||1-2 business days|
|Neteller||1-2 business days|
|PayPal||1-2 business days|
|PaysafeCard||1-2 business days|
|Skrill||1-2 business days|
These times depend on the online casino you play. Customer service can always help you out and let you know which withdrawal options to use for the fastest payout possible. Banking options like credit cards are typically instant for casino deposits. Keep in mind that you might not be eligble for the casino bonuses with every payment method the casino lists.
Many casinos have withdrawal policies in addition to bonus terms and conditions. These vary from one site to another, so we advise that you look at them before taking advantage of the online casino’s welcome bonus. These agreements restrict withdrawals in the following ways:
- Minimum/maximum withdrawal limits – The minimum you can cash out is typical $20. There is no maximum on what you can withdraw, so even if you win hundreds of thousands you’ll get your cash.
- Daily / weekly limits – Most Canadian casinos cap the amount you can withdraw per day and week. Typically, a casino will pay you around $50,000 per week, so if you win $200,000, you’ll get your money for sure, but it’ll just take a month. Progressive jackpot winnings don’t fall under this system, so if you hit Mega Moolah for millions, you’ll get that pile of CAD with one go (from the game provider Microgaming).
- Transaction number limits – A cap on the number of withdrawals. For example, if an online casino’s withdrawal limit is three per week, that’s all you get, regardless of transaction size.
- Higher VIP levels pay you more – The maximum number of cashouts you can make and the maximum sum you can cash out often depends on your VIP level. A new customer could maybe cash out $20,000 per week and a higher VIP-level player $100,000.
- Active promotions – Welcome bonuses and ongoing promotions offer players a chance to make loads of cash. However, some casino sites will bar you from withdrawing if you haven’t completed wagering requirements. Others allow withdrawals, but in doing so, force you to forfeit all received bonus funds.
- Document Checks – This restriction is more common in the UK, where the government mandates security checks by law. If your gaming site requires age documentation, they will not allow you to withdraw until you provide proof. Often these checks apply specifically to Canadian players who deposited with a debit card or credit card.
Not that how you won doesn’t matter. Casino games from online slots of all software providers to table games are equal when it comes to cashing out, as long as you’ve met all terms and conditions of the welcome bonus offer you’ve enjoyed.
⭐ Responsible Gaming
Quick payout casinos we recommend should live up to their promises and provide an excellent overall gaming experience. You can expect them to pay you out quickly but also keep their players happy so they would keep playing on the casino site. With fast payouts, your wait for your winnings to show on your bank account will be minimal.
Be vary that the reason why casinos have started offering fast payout is that it makes players more likely to play again on the casino site. Online gambling is a form of entertainment. You should only play with money you can afford to lose.
- Which online casino has the fastest payouts?
- What are the fastest withdrawal payment options?
- Are online casino withdrawals always free?