Last Updated: 26 May 2022, Author: AceOdds.com
The Virgin Bet withdrawal time can be instant with PayPal or 2 - 3 hours with a Debit Card withdrawal. Bank transfers are also available, taking 2 - 5 days. A maximum withdrawal of £20,000 applies.
You took advantage of Virgin Bet’s new customer sign up offer, and you’ve got cash funds to withdraw (excluding Bet Credits). Now would be the time to think about the best withdrawal method with other online betting platforms. However, with Virgin Bet’s limited deposit and withdrawal methods, there’s not much to consider.
If you’ve not already read it, take a look at our article on depositing funds into your Virgin Bet account.
As per the regulations, Virgin Bet operates the closed-loop policy, which forces you to withdraw your funds via the method you deposited them to cover the amount deposited. For example, if you deposited £100 via Debit Card and won £1000, you’d have to withdraw at least £100 back to your Card account before attempting to withdraw the rest by any other method.
Debit Card, Visa, MasterCard, Maestro, Electron
|1 - 3 Days||£10.00||£20,000||Free|
|2 - 5 Days||£10.00||£20,000||Free|
Visa Fast Funds
|2 - 3 Hours||£10.00||£20,000||Free|
Funds arrive in your bank account in 2 - 3 hours with Visa or 1 - 3 working days with Mastercard. Withdraw from £10 to £20,000.
If you have more than one bank account, you could be in a position to withdraw via Visa or Mastercard, choosing which one of the cards stored on your Virgin Bet account to use. The caveat is that you will have to have deposited funds from each method first.
If you need your money fast, then withdraw the bulk of your winnings onto a Visa Debit Card since you'll see your money in your account within a few hours. Remember that the closed-loop policy applies, and you'll also have to withdraw via the method used to deposit.
Get instant access to your balance and withdraw from £10 to £20,000.
Once cleared, funds will reach your account instantly. As an eWallet, you can have more than one bank card connected to your PayPal account, giving you the freedom to choose where to send the funds without registering multiple cards with Virgin Bet. This is a way to get around the closed-loop policy, allowing you to distribute funds as you choose once they are in your PayPal account.
Withdraw from £10 - £20,000 in 2 - 5 days.
Virgin Bet doesn't allow you to deposit funds into your account via Bank Transfer, so you'll always have to withdraw funds to your deposited method at least to the value of your deposit. Since the withdrawal limit of £20,000 is the same as Debit Card and PayPal withdrawals, it's difficult to see the benefit of having the Bank Transfer withdrawal option.
However, if you have multiple bank accounts but only want to register one deposit method with Virgin Bet, it would allow you to transfer directly to different accounts. Just don't expect to see your money that quickly, as in some cases, it can take up to 5 days for your funds to reach you.
From your Virgin Bet account, click into the Withdraw section.
The site doesn't break down your balance in the way others do, making it clear how funds are calculated (Bet Credits or withdrawable cash), but they'll soon let you know if you attempt to withdraw more than is possible.
Since the account balance in the image is £0.00, we're getting an error message. However, this is handy because it highlights that you're first expected to have deposited via the method you wish to withdraw before a withdrawal is permitted.
With a zero balance, it's not giving the option of a Bank Transfer, but as you can see, once you've requested to withdraw money, you're taken directly to the screen that displays your option.
Click your preferred withdrawal method and complete the details. When using PayPal, ensure the account name matches that registered with Virgin Bet.
Virgin Bet have a variety of tools that help you bet responsibly. You can set short cool off periods up to 6 weeks, exclude yourself for longer, up to 5 years, or even exclude yourself from all gambling sites using GAMSTOP.
At this point, you may want to check out and take advantage of the promotions available to existing customers and re-bet instead of withdrawing your funds. However, make sure you stick within the Spend Limits limits you set for yourself. One win doesn't guarantee another, and you created the limit for a reason.
No. Virgin Bet does not offer a cancellation feature, so the withdrawal will be processed once requested, even if you change your mind.
Requests are processed immediately with the timeframe for funds to reach your account dictated by the withdrawal method.
Yes. Withdrawal timeframes are quoted as business or working days, and weekends and bank holidays aren’t included.
The minimum withdrawal amount across all methods is £10.
£20,000 is the largest withdrawal amount across all withdrawal methods.
PayPal can be immediate, with Visa just slightly slower, taking 2 - 3 hours.
Virgin Bet does not charge any fees for withdrawing your funds.
Though it’s unusual for a withdrawal to fail, the funds will go back to your Virgin Bet balance if it does. If you have repeated problems when attempting to make a withdrawal, you can get support here.