A cashable bonus is one of the most-common types of online casino deals. Of course, online casinos don't typically label such offers as "cashable bonuses" or provide much information on how they work. Therefore, you may have questions about cashable casino bonuses and wonder how they compare to the non-cashable variety. The following guide covers more on cashable deals, including everything from what they are to obtaining the proper codes.
What Is a Cashable Bonus?
A cashable bonus is one that can be cashed out upon meeting terms and conditions (T&Cs). Let's say, for example, that you deposit $100 under a 100% match deal. In this case, you'd be able to withdraw the full $100 after satisfying T&Cs. Unlike with some online casino bonuses, you don't have to think very hard about the details of cashable offers. What you see is what you get; $100 = $100.
Cashable vs. Non-Cashable Bonuses
A non-cashable bonus does not let you withdraw the actual bonus value. Instead, you can only cash out winnings after meeting terms and conditions. You may, for example, qualify for a $50 bonus after depositing. If you have $12 left after satisfying T&Cs, then you only get the $12-not the original $50 bonus too. In summary, the primary difference between a cashable and non-cashable deal is simply that the latter only lets you withdraw winnings.
How Do You Get a Cashable Bonus?
The qualifications for a cashable bonus vary based on the online casino. Generally speaking, though, you must sign up and make a deposit to begin qualifying. Many online casinos also require you to use a bonus code before claiming the offer. If you're going for a $100 cashable bonus, for example, you might need to use code "100CASH."
Do You Need Cashable Bonus Codes?
As mentioned above, some gaming sites do call on you to use a code when going for a cashable bonus. You can obtain such codes from our website or at the casinos themselves. Most bonus deals will clearly mention if you need to use a code when depositing. That said, you run little risk of losing out on a bonus just because you didn't know a code was needed.
How Do You Cash Out a Cashable Bonus?
Every cashable bonus comes with terms and conditions attached. Depending upon the deal, you may see up to a dozen or so terms involved. Wagering requirements (a.k.a. rollover) are the most important term, because they determine how much you'll have to wager before withdrawing. If wagering requirements are 40x the bonus, for example, you'll have to roll the bonus funds over 40 times. A $200 bonus in this case would require you to wager $8,000 (200 x 40) before withdrawing the funds.
Are There Different Types of Cashable Bonuses?
A cashable bonus only comes in one variety: a match deposit bonus. A match bonus matches your deposit by a certain percentage. For example, an online casino might offer a 100% match bonus worth up to $500. Cashable bonuses can't come in the form of free spins. After all, a free spin is merely a credit to play real-money online slots while trying to rack up winnings.
Is a Cashable No Deposit Bonus Available?
No, a no deposit bonus can't be cashable. Instead, no deposit bonuses only pay winnings (i.e. non-cashable) after you meet terms and conditions. If you get a $10 no deposit bonus, for example, you can only withdraw the winnings-not the $10 too. Online casinos would lose lots of money if they offered cashable no deposit bonuses. Players could just sign up, get their bonus funds, and withdraw them immediately. Therefore, it makes complete sense why an online casino would only offer non-cashable no deposit bonuses.
How Do You Know if a Bonus Is Cashable?
The best way to know for certain if a deal is cashable is to look at the terms and conditions. Many such deals will either mention the word "cashable" or discuss how the bonus can be withdrawn after meeting T&Cs. Of course, not everybody likes reading through lengthy T&C's pages. As a rule of thumb, most deposit bonuses with 100% matches or less (e.g. 50%) are cashable. Deals with 150% matches or higher (e.g. 300%) are more likely to be non-cashable. Of course, we still recommend looking at the terms and conditions just to make sure.