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BetMGM Withdrawal Time (All UK Payment Methods)

Dec 11, 2023

The fastest way to withdraw money from your BetMGM account is via Bank Transfer. E-wallets like PayPal and Apple Pay also offer quick withdrawals. Debit card withdrawals can take 2-5 business days.

Nick Albert nick@mybettingsites.com
Betting Site Expert

How long does BetMGM withdrawal take?

BetMGM offer instant withdrawals via Bank Transfer. PayPal withdrawals can take up to 24 hours and debit card withdrawals between 2 and 5 (working) days. Apple Pay withdrawals can also take up to 5 days, depending on the bank provider.

BetMGM Withdrawal Times

Bank Transfer

  • Fee: Free
  • Withdrawal time: Instant (upon approval)
  • Min. withdrawal: £10
  • Max. withdrawal: £35,000

PayPal

  • Fee: Free
  • Withdrawal time: Instant - Up to 24 hours
  • Min. withdrawal: £10
  • Max. withdrawal: £4,000

Debit Card (Visa, MasterCard)

  • Fee: Free
  • Withdrawal time: 2-5 business days
  • Min. withdrawal: £10
  • Max. withdrawal: £8,000

Apple Pay

  • Fee: Free
  • Withdrawal time: 24 hours - 5 business days
  • Min. withdrawal: £10
  • Max. withdrawal: £4,000

Waiting for your winnings to show in your online betting account can be highly frustrating. For some it’s up there with sitting in traffic and people pushing into queues as the things we Brits love to moan about most!

It can also be annoying when you’re unsure how long the process will take, which is how I found the experience to be at BetMGM. And as you may have found for yourself, the FAQs about this subject in the BetMGM Help Centre are quite vague.

To find out how long BetMGM withdrawals take, I contacted BetMGM Customer Support and spoke to one of their assistants:

BetMGM Bank Transfer Withdrawal

A bank transfer is the fastest way to withdraw money from your BetMGM account - you can expect to receive your winnings straight away.

Bear in mind however that all withdrawal requests are subject to being approved.

(The assistant I spoke with mentioned that a bank transfer withdrawal will be processed instantly ‘upon approval’, which basically translates to BetMGM doing their checks to make sure an account is fully verified. He also said that you can get in contact to speed up the process if the withdrawal is pending).

In addition to offering the fastest withdrawal time, a bank transfer offers the highest payout amount of any payment methods (£35,00). The minimum amount you can withdraw is £10.

BetMGM PayPal Withdrawal Time

Getting your cash via PayPal can take, at most, 24 hours.

However, this is very much BetMGM erring on the side of caution.

Providing your account is fully verified, you can expect to receive your money shortly after making your request, as confirmed by the helpful BetMGM support assistant I spoke with.

The only gripe some punters may have with using PayPal to withdraw is the low maximum withdrawal amount (£4,000) compared to the other methods available.

BetMGM Debit Card Withdrawal

2-5 business days is the timeframe for withdrawing money at BetMGM using a debit card. Of the four withdrawal methods BetMGM accepts, this is the slowest method.

However, waiting for your wonga to show in your account can depend on your bank provider. But in most cases, two business days is the longest customers have to wait.

BetMGM Apple Pay Withdrawal

BetMGM is one of several UK betting sites that accept Apple Pay withdrawals. Customers can expect to receive winnings within 24 hours, or, 5 business days max.

As with the other payment methods, your withdrawal method is most likely to be processed within one day.

Withdrawals can take longer depending on the card bank provider linked to your Apple device.

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How do I withdraw my winnings from my BetMGM account?

Now you know how long it takes for BetMGM to pay out, here’s how to start the withdrawal process:

  1. Log-in to your BetMGM account
  2. Click on the wallet icon on the top right of your screen and select ‘Withdraw’.
  3. Select your preferred withdrawal method
  4. Enter the amount you wish to withdraw
  5. Follow the on-screen instructions to complete the withdrawal request
  6. Receive your money according to the withdrawal time for your payment method

Why won't BetMGM let me withdraw?

On the whole, withdrawing money at BetMGM is straightforward. However, some issues can slow down the process.

Verification checks are the most common reason for there being a problem with your withdrawal. As with all UK betting sites licensed by the UK Gambling Commission, BetMGM run checks on every withdrawal request. This is to confirm the identity of the person making the withdrawal request, i.e. it’s you getting your money and nobody else!

As was confirmed by the BetMGM customer support assistant I spoke with on Live Chat, even instant withdrawals via bank transfer can be held up by these checks.

If a withdrawal is taking longer than expected, you can always contact BetMGM who will look into the request and speed up the process where they can.

Other things that may cause withdrawal problems at BetMGM include:

  • Some of your winnings not being eligible for withdrawal. For example, your stake is not included in any winnings received from the BetMGM sign-up offer.

  • Requesting a withdrawal on a non-business day or out of normal business hours. Withdrawals will be slower if you’ve submitted your request just before the weekend for example, or, on a bank holiday.

  • BetMGM may request alternative payment details if they are unable to make the withdrawal to your preferred payment method.

FAQs about BetMGM withdrawal

How long does it take to withdraw from BetMGM?

UK punters can get their money instantly when withdrawing via via bank transfer.

PayPal withdrawals can take between a few minutes and 24 hours. With Apple Pay, a withdrawal can take a few moments or, worst-case scenario, 5 business days.

When using a debit card you can expect to receive your money within 2-5 business days.

What is the quickest way to withdraw at BetMGM UK?

A bank transfer is the quickest way to withdraw money at BetMGM. Customers can get their money instantly, once the request has been approved.

Why won’t BetMGM let me withdraw my winnings?

If you are having trouble withdrawing your winnings at BetMGM, it is most likely due to one of the following:

  • BetMGM running verification checks
  • Winnings not being eligible for withdrawal
  • Your request being submitted on a bank holiday
Are there fees for withdrawing money at BetMGM

No. BetMGM does not charge customers to withdraw winnings. However, it’s possible you could incur a charge from your payment provider. You should check this out with your provider before withdrawing.

Why does it say LeoVegas on my bank statement when I withdraw?

BetMGM UK is operated by LeoVegas Gaming PLC. Withdrawals on your bank statement can therefore reference LeoVegas and BetMGM.

What is the minimum amount I can withdraw at BetMGM?

£10 is the minimum amount for all withdrawal payment methods.

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