Deposit and Withdrawal Fees: What You Need to Know

Fast payout casino fees

By making deposits and withdrawals at online casinos, certain fees may apply which leaves you with less money than you transferred. In the long run, this can stack up to become quite a substantial sum. 

Luckily, UK casinos that offer fast withdrawal times almost never have any fees associated with them. These are casino sites that pay out winnings within 24 hours or faster. Based on reviews we have done of such casinos, fees are a rare phenomenon. But exceptions always exist.

In this article, we'll take a closer look at fast withdrawal casinos in the UK and the fees that players should be aware of when choosing a site and playing casino online. We'll also provide a table of the fast withdrawal casinos that we have reviewed along with their fees and withdrawal times. 

Are you looking to play at a fast paying casino?
We have tested and reviewed most of them and carefully selected the very best (and fastest) ones so you easily can compare and find the one that is best for you. See our top list of the fastest withdrawal casinos in the UK here.

Types of Fees You May Experience

There are five types of fees that may be experienced when transacting money to and from fast paying online casinos. 

  • Fixed withdrawal fee
    This is a fixed amount of money that is charged per withdrawal request made, regardless of the withdrawn amount. The fee is usually quite low, such as £10 at most. 

    Some casino sites have a policy where one withdrawal per day or week is free and subsequent ones are charged a fixed fee.

    At fast withdrawal casinos, a fixed withdrawal fee is most commonly experienced as a form of penalty for making a withdrawal before fulfilling the casino’s wagering requirements. Normally, any deposited sum must be wagered 1 – 3 times on casino games. 
  • Percentual withdrawal fee
    This withdrawal fee is charged as a percentage of the amount you withdraw, which makes the fee higher the more money you cash out. For instance, 1% may be charged, which would be a £1 fee on a £100 withdrawal and a £100 fee on a £10,000 withdrawal.

    Some casino sites have a fee like this for processing withdrawals at a faster rate. For instance, a 1% fee to get your cashout handled within 3 hours and a 2% fee to get it handled within 1 hour. 
  • Percentual deposit fee
    This is a fee that fast withdrawal casinos may charge when you deposit money to them. It usually ranges from 2% – 5%, which means that £2 – £5 would be charged on a £100 deposit. However, the fee can vary between different payment methods, with some having no fee at all.
  • Currency conversion fee
    This fee can be up to 4% and applies to all transactions when the account used for deposits and withdrawals is in a different currency than the casino account. For instance, if your casino account is in Euro and your bank account is in British Pounds.

    Currency conversion fees are normally not charged by the casino, but by the payment provider, such as your e-Wallet or bank. Therefore, it applies to all gambling sites, including all fast withdrawal casinos. 
  • Other transactional fees
    Although rare, some payment providers may charge a fee on transactions. This isn’t specifically related to online casinos but will still affect you. For instance, it may be that some UK banks will charge you for transacting money.

    PayPal also has a policy where any money received as ‘goods and services’ carries a 2.9% fee. Normally, fast withdrawal casinos would send your money as ‘friends and family’ which would be free of charge, but if they don’t, this PayPal fee would apply to your withdrawals.

    To learn more about these fees, check out our page about the different payment providers that are available at fast payout casinos and select the payment method you would like information about.

Table of Fast Withdrawal Casinos and Their Associated Fees

To help players make informed decisions, we have compiled a table of fast withdrawal casinos and their associated fees. This table includes information about withdrawal fees, deposit fees and withdrawal times. The information is updated on a regular basis to ensure that it is accurate and up-to-date.

CasinoDeposit FeeWithdrawal FeeWithdrawal Time
Bet UKNoneNoneInstant (on request)
VideoslotsNone£2.5 (1 free withdrawal per day)Instant (mostly)
Mr QNoneNoneInstant (mostly)
Pink CasinoNoneNoneInstant (on request)
Merkur SlotsNoneNoneInstant (mostly)
Mr VegasNone£2.5 (1 free withdrawal per day)Instant (mostly)
21.co.ukNoneNoneInstant (on request)
GrosvenorNoneNoneInstant (up to £100)
Slot BossNoneNoneInstant (on request)
PokerstarsNoneNoneInstant – 1 Hour
CasumoNone£3 for withdrawals under £10Instant – 5 Hours
LeoVegasNoneNoneInstant – 5 Hours
BetMGMNoneNoneInstant – 5 Hours
PlayOJONoneNoneInstant – 11 Hours
Foxy GamesNoneNoneInstant – 24 Hours
Gala CasinoNoneNoneInstant – 24 Hours
RizkNoneNoneInstant – 24 Hours
HyperNoneNoneInstant – 24 Hours
LadbrokesNoneNoneInstant – 24 Hours
Paddy PowerNoneNoneInstant – 24 Hours
Mr GreenNone£1 up to £100 and then 1%Instant – 24 Hours
Fun CasinoNoneNoneInstant – 24 Hours
NetBetNone1.5% on withdrawals above £500Instant – 24 Hours
All British CasinoNoneNoneInstant – 24 Hours
Fafabet CasinoNoneNone10 Minutes – 24 Hours
Mega CasinoNoneNone2 – 24 Hours
Monopoly CasinoNoneNone4 – 24 Hours
CasiplayNone (3.1% with PayPal)£15 – 17 Hours
CasushiNoneNone5 – 24 Hours
Genting CasinoNone£10 for bank wire withdrawals under £50012 – 24 Hours
Conquer CasinoNone (15% with Pay by Phone)1% up to a maximum of £324 Hours
BetrinoNone (15% with Pay by Phone)1% up to a maximum of £324 Hours


Please note that the above fees only apply to UK casino accounts. Some online casinos have different policies for different geographics. Thus, the information wouldn’t necessarily be true for other countries. 

Best Practices to Avoid Transaction Fees

When choosing a fast withdrawal casino to play at, there are a few things to keep in mind to ensure that you don’t experience any fees. Here are some of the best practices:

  • Read reviews
    Look at our unbiased reviews to see what we have to say about the casino’s deposit and withdrawal policy and fees. You can also check what other players have experienced on sites such as Trustpilot and use the search function in your web browser to highlight the word “fee”.
  • Check the casino's terms and conditions
    Before signing up for a fast withdrawal casino, read through its terms and conditions, particularly the section about deposits and withdrawals. Even though relying on reviews is helpful, casinos can change policies rapidly without notice. Therefore, it’s always a good idea to do your own due diligence.
  • Use the same currency everywhere
    To avoid currency conversion fees, it’s a good idea to always create all of your accounts in the same currency. As a UK player, you will most likely be depositing from and withdrawing to an account in British Pounds. Thus, you would want to avoid casino sites that don’t offer GBP as an account currency option.

Why Do Some Fast Payout Casinos Charge Fees?

Even though casinos rarely communicate this information to their players, they have to pay a fee on all transactions that go to and from the casino. This is a fee paid to the payment provider (such as Visa or Skrill) and can in some cases be as high as 10%. 

As this is a huge cost for the casino, some gambling sites transfer all or part of the fees to their players in order to increase their profit margins. 

Conclusion

Fast withdrawal casinos can provide a superior gambling experience for UK players by making their winnings quickly accessible. However, it's important to be aware of the fees that may apply, not only on withdrawals but also on deposits. 

Even if our research shows that casinos that pay out fast rarely charge any fees, there are other costs associated with transactions to and from casinos that may apply, such as currency conversion fees and bank charges.

It is recommended that players always read through the casino’s terms and conditions to fully understand their policies and not solely rely on reviews as a casino’s rules can change quickly.

With extensive experience in the professional iGaming industry since 2015 and thousands of casino articles and reviews under his belt, Mattias is a seasoned expert well-versed in the world of online casino gambling.
 
Having worked with industry giants such as Betsson Group and earning recognition as an expert in the UK online casino industry, Mattias brings a wealth of knowledge and credibility to his role as a dedicated iGaming journalist.
 
At fastestwithdrawalcasino, Mattias’s content creation process is built upon the pillars of transparency, honesty, and unwavering commitment to quality. His meticulous research and rigorous fact-checking ensure that each review, guide, and news article is accurate and reliable.
 
Providing information in an easily digestible manner, Mattias is goal is to shed light over the UK gambling landscape and guide players to the fastest payout casinos in Britain.
 
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