In trying to improve their customer service, Paddy Power have created a way for punters to withdraw from their online account to their bank account – instantly.
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Paddy Power Fast Withdrawal: All You Need to Know
You can now withdraw your winnings and have the money in your bank within 2 hours. This feature has been in use for a while now with other bookmakers such as Sky Bet, but thankfully, Paddy Power have now caught up. It really is a great feature – there’s nothing worse than winning a bet and still not being able to buy a celebratory round for another five days! Therefore, customers using Visa Debit or Pre-pay cards can get funds transferred instantly to their bank.
There are some drawbacks to this new feature, however. You need to be registered with certain banks to be able to receive your winnings within 2 hours; if you aren’t, it looks like you’ll still be waiting up to 5 working days for your winnings to appear in your bank account. As Paddy Power revealed, “if you’re a customer of Barclays or Nationwide in the UK, or Bank of Ireland, AIB or Permanent TSB in Ireland, you no longer have to wait for days when your shrewd selections show a return.”
There’s little explanation as to why this feature is only available to specific banks, and there isn’t any further mention of the terms and conditions around this feature. A little digging on Twitter has shown that it isn’t Paddy Power who have restricted certain banks, but the technology of the banks in question, which has led to only a few being able to process payments within 2 hours.
In addition, there seem to be limits to the amount that you can withdraw. Again, it’s a struggle to find exact figures on this, but many comments have claimed it is £100. It is not clear as to why this is the case, as Sky Bet allow up to £1500 to be withdrawn in 2 hours; nevertheless, it could benefit some punters.
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How to Withdraw With Paddy Power
- Click on the small arrow next to your balance in the upper right corner of the homepage.
- Click on ‘Withdraw’ right by your ‘Main Wallet’ details.
- Select the payment method you would like to withdraw with through the navigation bar.
- Enter the amount you would like to receive and then click ‘withdraw’.
Different Withdrawal Methods: Cash Card PPlus
Paddy Power also offer a free prepaid Mastercard named Cash Card PPlus, which allows customers to withdraw their winnings as cash instantly from ATMs. With this card, you are able to spend your winnings directly online or in shops, or buy you and your mates a round after clicking an acca!
It is worth noting that there are no general charges or fees for using the card, and there is a 1% commission on Foreign Exchange transactions. The below table shows the limits for using the Cash Card PPlus:
|Max annual spend limit per account||€15,000/£10,000|
|Max single transaction value per card||€500/£350|
|Max daily spend limit per account||€2,500/£1,666|
|Max number POS transactions allowed per day||10|
|Max number POS transactions allowed per 4 days||40|
|Max value POS transactions allowed per day||€2,500/£1,666|
|Max value POS transactions allowed per 4 days||€10,000/£6,666|
|Max number ATM withdrawals per day||2|
|Max number ATM withdrawals per 4 days||8|
|Max value ATM withdrawals per day||€600/£400|
|Max value ATM withdrawals per 4 days||€2,400/£1,600|
Other Paddy Power Withdrawal Options
When withdrawing by debit/credit card, you can expect to receive your money within 5 working days. It is important to note that there are no charges in place from Paddy Power's end, however you will need to confirm that your bank does not charge you either. Card withdrawals made prior to 8pm GMT on a given day will be available to cancel up to midnight on the same day, while withdrawals made after 8pm will be available to cancel until midnight the following day.
Bank transfer withdrawals can also take up to 5 working days. However, for security reasons, you must provide Paddy Power with a copy of your bank statement and Photo ID prior to your first Bank Transfer withdrawal.
Meanwhile, Neteller, Skrill and PayPal withdrawals will be processed within 4-24 hours, guaranteeing a faster process than alternative methods.
|Method||Minimum Amount||Time to Process|
|Debit/Credit Card||£0.1||2-5 working days|
|Bank Transfer||£10||1-5 working days|
Paddy Power Withdrawal Key Terms
- The maximum withdrawal time with this feature is 2 hrs.
- The minimum withdrawal amount is £/€0.01.
- This feature is only available to customers using Visa Debit or Pre-pay cards.
- This feature is only available to customers of Barclays, Nationwide, HSBC & Natwest in the UK, or Bank of Ireland, AIB or Permanent TSB in Ireland.
- If you do not fit the above requirements, Paddy Power’s withdrawal times may take 2-5 working days, but do bear in mind that weekends and bank holidays are not considered working days.
- You will only be able to withdraw from your Main Wallet, so if your funds are located in another wallet, they will first need to be transferred.
- Withdrawals may only be made to the card you have registered to your account and deposited funds with.
- Service charges may be charged by banks for withdrawals and will be deducted from your account at the time of withdrawal.
- You may have the option to cancel a withdrawal on the same day that it is requested and return those funds to your Paddy Power account. Simply return to the withdrawal screen to see if the option is available.
T&Cs APPLY, 18+ ONLY
18+ New customers only. Bonus must be accepted with 48 hours and has 40 x wagering reqs (certain games only). PayPal and certain deposit methods excluded. Bets covering >70% of Roulette table don't count to wagering. Free spins value £0.10. No wagering reqs apply. Bonus valid for 30 days (bonus and winnings removed). Free spins valid on selected games only. T&Cs apply.
T&Cs APPLY, 18+ ONLY
18+. Play Safe. New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. #ad
T&Cs APPLY, 18+ ONLY
New customer offer. Place 5 x £10or more bets to receive £20in free bets. Repeat up to 5 times to receive maximum £100bonus. Min odds 1/2 (1.5). Exchange bets excluded. Payment restrictions apply. T&Cs apply. #ad
T&Cs APPLY, 18+ ONLY
New customers only – £10 min deposit - The bonus will be applied once the full deposit amount has been wagered at least once with cumulative odds of 1.5 or greater. Wagering must be cleared within 90 days. This offer may not be combined with any other offer. Deposit methods, withdrawal restrictions, and full T&C’s apply.
ThePuntersPage Final Say
Offering a good selection of payment options for its customers, Paddy Power withdrawals only require up to £1 to process, with withdrawal times varying from a few hours to only a couple of days.
Here at ThePuntersPage, we think these definitely contribute to the great betting experience Paddy Power provides, and hopefully all the top bookies out there will also continue to try and improve their customer services and make life easier for everyone. For a broader idea of what other valuable features they can offer, read our in-depth Paddy Power review.