On this page, we’ve got everything you need to know about fast cashouts – including which casinos offer the fastest withdrawals for Candian players.

We’re also checking out how the different casino payment methods match up against each other, and what other factors should be taken into account for withdrawing your winnings.

Best Instant Withdrawal Casinos Canada

CASINO

Bonus

Payment Methods

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What Are the Fastest Paying Casinos for Canadians?

As more and more acclaimed online casinos from around the world turn their attention to the burgeoning Canadian market, slot fans in Canada have never been so spoilt for choice. 

And no casino for Canadians passes unnoticed at Playcasinos. Our team has personally tested out just about every single gambling site and casino game that it’s safe to access in Canada. Not only that, but we’re committed to passing on our expertise and everything we’ve learned to our readers.

Below, we’ve put together a list of our favorite fast paying casinos for Canadian players. Check them out, read our reviews, and if you want lightning-fast access to your winnings don’t hesitate in signing up.

Which casinos have instant withdrawals?

Why Are Fast Payouts Important? 

Basically, the faster you receive your funds the better. After all, it’s your money that you’ve won fair and square, and you have a right to expect it to be delivered promptly. 

Payout speed is especially noticeable if you’re a high volume player who makes regular deposits and withdrawals, or if you have accounts at different betting sites. Waiting around for payouts is just a bit of a drag: it slows everything down and temporarily prevents you from doing whatever you want to do with your money. 

Think about how it works in a land casino. After you’ve won some chips and bring them to the cage to collect your winnings, they don’t ask you to head home for a few days first.  It’s also true that sometimes players might not be in pressing need of their cash, and they’re happy to wait for it to arrive in their bank account or e-wallet. This is often the case with classic casinos. 

What are the fastest casino payment methods?

A huge factor in the speed of your withdrawals is the banking method that you choose. As we mentioned above, a lot depends on technology. Even if a casino is happy to offer instant withdrawals, it only works if the technology allows it. When we compare casinos, we always like to see as many different banking methods as possible. Every player is different, and accepting multiple forms of payment is the best way to ensure that nobody is excluded and both depositing and withdrawing can be as smooth as possible for all. 

In this section, we’re running through all the most common banking methods and checking in to see how fast they are.

How to choose a fast casino payment method

There are many factors that go into choosing not only the best casino for banking but also the best banking method. It’s an essential combination that boils down your new casino experience into being either an incredibly fun one or a really negative one.

When all is said and done, there are principally three important factors when it comes to choosing both the casino and the payment method.

  1. How safe is the payment method and casino?
  2. How long will it take the casino to process my payment?
  3. What payment methods can I choose to withdraw my money?

Fastest Casino Payment Methods

Cryptocurrencies

“Cyrptos” like Bitcoin are becoming increasingly popular at online casinos, and more and more Canadians are turning to the new technology both for investment and online purchases. Cryptocurrencies are designed to be very fast and very secure. Depositing funds into your account using cryptocurrencies is instant, and the technology also allows instant transfers back into your wallet. In casinos that allow instant cashouts, Bitcoin is often an option.

E-wallets

E-wallets like  PayPal, Neteller, and Skrill have been a big part of gambling for years. Using an e-wallet to fund your account provides some extra security and anonymity compared with a bank transaction, and transfers from e-wallets are very fast. Just like Bitcoin, sending and receiving money is processed instantly by your e-wallet, so instant cashouts are possible.
As a rule of thumb, cryptocurrencies and e-wallets are the fastest withdrawal methods when they are available. They also tend to be the cheapest for casinos, which is why they are less likely to have pending periods included on cashouts.

Bank Transfers

Bank transfers are widely available for both deposits and withdrawals in Canada and around the world. With bank transfers, your funds move directly from your casino account and your bank with no intermediary service involved. The transfers are also generally fairly fast – instant for deposits and on the faster side for withdrawals too.

Bank Cards

Practically all casinos accept major debit and credit cards like Visa and Mastercard for deposits, but they are much less widely available for withdrawals. You can find some sites that allow them however, and when available they tend to be fairly fast. It’s common to have to wait a couple of days before the payment hits your bank account, making bank cards maybe not the fastest cashout option, but certainly not the slowest either.

Cash Withdrawals

If your online casino has a physical branch or even a partnership with a real casino, you’ll be able to make withdrawals from your account in person. You just need to pay a visit to the cage with your account details and ID, and you’ll get your money in cash right there and then. These withdrawals are instant by their nature, but in truth won’t be an option for the vast majority of online gamblers.

Slow Casino Payment Methods

Wire Transfers

Wire transfers are a somewhat old school form of money transfers. They have declined in popularity for online gamblers over the decades, as e-wallets and other slicker payment technologies have been developed. However, lots of casinos still offer them as a dependable withdrawal option. Unfortunately, wire transfers tend to be both more expensive and slower than other methods, so we don’t really recommend using them unless you have no other options.

Check via Mail

For more traditional gamblers, the old ways are the best! Most casinos allow you to withdraw by requesting a physical check, which you can then manually deposit into your bank account. Checks are notoriously slow, since you have to wait for them to arrive in the mail.

How Fast are Casino Payments Processed?

CasinoWithdrawal TimeCasino Payment MethodMaximum Withdrawal
Wildz1-2 hoursE-walletsMin:$10 – Max:$5000
Spinit CasinoSame day payoutsE-walletsMin:$10 – Max:$5,000
Genesis CasinoInstant casino withdrawalsE-walletsMin:$10 – Max:$5000
BitstarzSame day payoutsBitcoinUnlimited
Royal Panda1- 3 hoursCredit Cards, Debit Cards, e-transfers, EcoPayzMin:$10 – Max:$55,000
BetwayUp to 2 daysE-walletsMin:$10 – Max:$5,000
PlayamoInstantE-wallets or Bitcoin, DOGE, LTCDaily limits Min:$10 – Max:$1,500

1 Bitcoin

700,00 DOGE

30 LTC

 

Lucky Days1-2 hoursE-walletsMin:$10 – Max:$50,000
Woo Casino1-2 hoursE-walletsMin:$25 – Max:$6,000
Casino CruiseUp to 24 hoursE-wallets and transfersMin:$10 – Max:$5000

Well, it varies depending on the casino and on the method you are using to withdraw. We cover the different methods in more detail below, but in a very general sense, it’s normal to expect a couple of days for your withdrawal to clear.

That said, instant payouts are also possible. Although not available at every casino, you can find sites that send your winnings over practically the moment you request it. Since it’s not especially widely available, instant payouts are highly prized in the online gambling world.
On the other end of the scales, some casinos impose long wait times on withdrawals, including up to and more than a week. That, in our view at Play casinos, is unacceptable.

How is the Payout Speed Determined?

There are a number of things at play here:

  • One is the format that you are requesting your withdrawal take. If your online casino has a physical branch you withdraw from you can withdraw in cash, which is obviously instant.
  • On the far end of the scales, if you can’t make a withdrawal digitally using iDebit or Interac e-transfer payments for whatever reason and need to request a paper check, you’re going to have to wait for it to be made out and mailed to you.

Other methods, as we cover in the next section, have varying in-built delays. But in reality, the processing times are often artificially added by the casino. Basically, once you make a withdrawal request the site will consider it “pending” for a certain amount of time – maybe 48 hours – and only process it after the time has elapsed. The reason for this is that they hope players get impatient and cancel the request while it’s still pending, to continue gambling.

It’s not a very nice or user-friendly practice, but unfortunately, it’s fairly common. Yet another reason why we’re big fans of fast paying casinos that avoid such policies as listed in our casino scams guide.

What Else Should I Be Aware of With Payouts?

Speed is a very important consideration, but there are other factors to take into account before deciding on a casino or a withdrawal method. Even instant withdrawals can turn out not to be worth it if the casino has some other dodgy policies.

Remember not to get hung up on payout speed alone, and take the following into consideration too:

Limits

Casinos routinely apply certain limits/conditions to your financial activity, which you may or may not have control over. For deposits, limits can be an extremely useful way to manage your spending and encourage responsible gambling. For withdrawals, however, they can be a bit of drag. If you’re a high roller  or even just a high volume player in general and your casino has a low weekly or monthly withdrawal limit, you can run into annoying delays quickly. Many casinos make their users start off with lower limits when they first join, and they gradually increase the more you play. 

On the flip side, some casinos impose high minimum withdrawal limits which can affect low stakes players. In general, though, a $10 or $20 minimum is common.

Check in advance that your casino’s limits make sense for how you intend to play to avoid disappointment later. Instant cashouts aren’t much good if you can only access $500 a month!

Fees

Withdrawal fees are fairly common, although not at every casino. Sometimes the fees depend on what method you are using to withdraw, with the casino offering free cashouts on its preferred payment method. Paying a couple of dollars per withdrawal is reasonably common, and depending on your playing habits the fees can add up.

VIP Programmes

Lots of casinos only offer instant withdrawals as a reward for regular players. VIP Programmes – where you climb through the ranks the more you play to unlock benefits – are how casinos encourage players to keep gambling. Instant payouts are a regular reward once you climb one or two rungs in the VIP ladder.

Why aren't online casino payments instant?

You might be thinking – why does the casino need almost so much time to process my payment? What’s happening behind the scenes?Download Icon

Well, technically, the casino doesn’t need a long time to process the payment itself. It’s just a matter of staffing. Basically, if the casino has enough people working round the clock in the payments section, then it should be as easy as 123 to approve a withdrawal. In fact, with enough team members, almost every online casino could be a same day payout casino.

All the employee has to do is check your account, make sure everything is legit and hit a button. This will then approve your withdrawal. From there, it depends on how long it takes for the money to transfer to your account and your financial institution to approve it from its side. 

Our top fast paying casinos will make your withdrawal happen instantly. You won’t even need to wait a single day until the casino has fast-tracked your payment. And if you’re a VIP Club member, then expect the process to be even faster than the norm.

Why aren't casino payments free?

Whether casino payments are free or not depends on your payment method and your location, rather than the online casino itself.Bag with Dollar Sign

For example, ecoPayz users will find that ecoPayz itself comes with certain transaction fees. The same goes for certain other banking types, like credit cards.

There are online casinos that add their own transaction fee to the process. This is likely due to the extra cost incurred by the casino to use a certain payment method.

As always, it’s up to you – the player – to do your research and ask around for the best casinos that don’t charge extra.

Does withdrawal method affect payment times?

Yes, the payment method you choose to withdraw your cash will affect the payment time. The fastest withdrawals are made using e-Wallets. The trouble with this is that e-Wallets tend to have specific availabilities, and some e-Wallets are not available in Canada.

  • e-Wallets: Electronic wallets include payment methods like  Interac, Instadebit, PayPal, Neteller, and Skrill. E-wallets are entirely based online, and they allow you to store your money online and transfer it as you please. They’re quick and easy.
    What is the average withdrawal time for e-wallets?
    Instant – 24 hours
  • Credit Cards: The most popular credit cards are by far Visa, Mastercard, and Maestro. These operate on the basis of a pin number, and a separate account from your main bank account. Although they’re easy to use, they might come with certain transaction fees.
    What is the average withdrawal time for credit cards?
    1-3 working days.
  • Bank Methods: By bank methods, we mean using bank wire or a check to make your deposits and withdrawals. Out of the three types, this is by far the slowest and least convenient. But, hey, some people prefer it old-school. No problem with that.
  • What is the average withdrawal time for bank transfers?
    1 – 5 working days.

Fastest Paying Casinos FAQ

Which are the fastest paying casinos?

Woo, Betsafe, Booi, Oshi, King Billy, Fast Pay and Lucky Days all offer immediate withdrawals.

Can you cash out casino free play?

No, you cannot cash out money won during a free play. Many casinos allow you to try out the games in free play or demo mode, but if you land a big win while playing for free, you will not get any winnings.

Can I use my credit card at the casino?

Yes, credit cards are among the most popular payment methods at casinos. Most casinos will accept major credit cards such as Visa and MasterCard at the very least. However, keep in mind that using a credit card may slow down the processing time for the withdrawal – for instant withdrawals, an e-wallet will always be faster.

How much money can you withdraw from a casino?

This depends entirely on the casino and will be included in the terms and conditions of the website. Some casinos have a relatively low withdrawal limit, others allow you withdraw tens of thousands of dollars at one go.

How do I withdraw money from online casinos?

  • Log into your online casino account
  • Head over to the Cashier or Withdrawals section on the website
  • Select the payment method you want to use from the options available
  • Enter how much you’d like to deposit
  • Click ‘withdraw’

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