Explained: Source of Wealth & Online Gambling

source of wealth online casino

Lately, there has been a lot of discussion centred on Source of Wealth requests within the online gambling industry.

In this article, I will try to explain what these regulations mean for the average casino player, and what to expect if an online casino asks you to provide Source of Wealth.

source of wealth gambling casino


What is Source of Wealth?

Source of Wealth refers to a request for documentation showing how a player is funding his/her casino account. This can be provided in the form of recent payslips, bank deposits, or similar.

Reports suggest that customers feel these requests are intrusive in nature, and I can understand why players feel this way. Who would want to send their financial information to an online casino?

The reality is, there are certain circumstances where online casinos are legally required to request this information. Every UKGC licensed casino is in the same boat.

Source of Wealth checks will become more commonplace in the industry over the coming years, and I predict that these checks will go a long way to protecting problem gamblers.

Online casinos in the UK can face severe penalties if they fail to protect the consumer, and SoW checks are a big part of implementing those processes.

This article will try to shed some light on the reasoning behind these requests, and give some insight into why Source of Wealth requests can have a positive benefits for both players and operaters.

As per the Gambling Commission regulations, all online gambling firms must ensure that they:

  1. Prevent gambling from being associated with crime or disorder, or being used to support crime.
  2. Ensure that gambling is conducted in a far and open way.
  3. Protect vulnerable people from being harmed or exploited by gambling.

Following a recent ruling by the Gambling Commission, the Executive Director Neil McArthur stated:

“Gambling businesses have a responsibility to ensure that they keep crime out of gambling and tackle problem gambling – and as part of that they must be constantly curious about where the money they are taking is coming from.” 

The above statement clearly demonstrates that online gambling firms must use SoW checks from both an AML (Anti-Money Laundering) and a Responsible Gambling perspective.

Who do ‘Source of Wealth’ checks protect?

Responsible Gambling

Source of Wealth checks have become a useful tool when it comes to protecting problem gamblers in the UK.

In a recent case involving a UK based online casino, a customer with an escalating spend (where total deposits exceeded £100,000) was not asked about the source of their funds or whether they were problem gamblers.

This customer continued to gamble without restriction, despite displaying clear signs of problem gambling.

If this player had been asked to provide the relevant documentation at an earlier stage, steps could have been taken to help the customer take control of their spend before they incurred further significant losses.

Preventing Crime

There are a number of documented cases in the UK where deposits were made to casinos using funds obtained through crime/theft.

In these cases, the players using illegally obtained funds were problem gamblers.

Had a source of wealth check taken place at the appropriate time, it would have become clear that the person making these deposits did not have the financial means to do so.

Anti-Money Laundering

All gambling businesses within the UK are subject to the Proceeds of Crime Act (POCA).

They have a responsibility to keep crime out of gambling, and a large part of this is to ensure that they comply with all current Money Laundering Regulations.

What does this mean for the ordinary player?

For the most part, nothing!

Players who are depositing their own money, and are only gambling what they can afford to lose, will likely never have to worry about a Source of Wealth check.

There is, however, a vulnerable minority that should be taken care of. It is this reason that SoW requests are becoming more commonplace.

Whilst most players who receive these requests are fully in control of their spending, the pros outweigh the cons when it comes to protecting problem gamblers.

If you do happen to receive such a request, and would like to discuss the request further, please feel free to reach out to TradaCasino Management via our support page.




Instant Bank Transfers at TradaCasino!

Instant casino payouts Trustly

Image result for instant bank transfers

It’s been a long time coming but we finally can offer all UK players instant bank transfers with our new payment provider Trustly. Up until recently, players would have to wait up to 3 days their winnings to reach their bank account, but we felt this didn’t live up to our fun, fast and fair reputation.

Instant trustly payouts

Am I eligible for instant withdrawals?

As part of our UKGC license regulations, your account needs to be verified before we can process your first withdrawal. Once your casino account is verified, you are opted into fast withdrawals for life! It is recommended that you provide us with your verification documents before you deposit, so you will not experience any delays if you hit a big win on the slots and want to withdraw your funds right away.

We will need:

  1. A copy of your passport or drivers license (front and back).
  2. A utility bill (e.g. gas, water, electricity), bank statement or other officials (e.g. government) document dated within the last 3 months. For your own security, please block any confidential information. (Please note that we cannot accept mobile phone bills).
  3. Proof of payment (screenshot of e-wallet or front & back of credit card depending on the method you used). Always ensure you have signed the back of your debit/credit card before sending it in.

You will need to email them to banking@tradacasino.com. It may also take our banking team up to 24 hours to review these documents but usually you will experience even faster account verification.

Can I receive my withdrawal to any bank in the UK?

Trustly is integrated with the following banks in the UK, all of them offer either fast or instant casino withdrawals:

  • Lloyds Bank
  • Barclays
  • NatWest
  • Halifax
  • Santander
  • HSBC
  • Nationwide
  • Royal Bank of Scotland
  • The Co-operative Bank
  • Yorkshire Bank
  • Clydesdale Bank
  • Metro Bank
  • Ulster Bank

Are there any limits on how much I can withdraw?

Unless you are claiming a no deposit freebie from support or a no deposit bonus when signing up (terms associated with these specific bonuses here). There is a limit of £10,000 per week on all casino withdrawals. Unlike the majority of UK online casinos, do not charge players fees when depositing or withdrawing funds, and we never will!

How long will it take to withdraw from TradaCasino?

Once your account verification is complete, we promise to process your withdrawal within 0-6 hours! If you have requested your withdrawal between the hours of 9pm – 6am we will process your withdrawal first thing in the morning (as soon as we have our first coffee!).

As always we wish you the best of luck while playing at our fun, fast and fair online casino, and we look forward to any recommendations or suggestions you may have!


Casino Account Verification, Explained.

In this article, we will discuss the casino verification process and outline some of the reasons that casinos need this information to process your withdrawal.

We understand that sharing your personal information with online casinos can be daunting, so we will share some tips on how to protect your personal information when completing the verification process.

Why Do Casinos Need My Information?

All online casinos require a licence to operate. Those with the most stringent requirements (such as the UK Gambling Commission (UKGC)), provide the greatest protection for players.

As part of the UKGC regulations, casino operators are required to undertake a process called Know Your Customer (KYC) with all players. This process requires each player to verify their identity by providing a number of documents, including proof of ID.


Why your account needs to be verified:

  1. To ensure that you are legally allowed to gamble online (over 18 years of age).
  2. To ensure that consumers are protected from the fraudulent use of credit/debit cards, bank accounts and other payment methods.
  3. To ensure that problem gamblers are protected from opening new accounts (e.g. if a players has already self-excluded, but has opened a second account unbeknown to the casino).

What documentation is needed:

In order to fully verify your account and process a payment, most online casinos will request three pieces of documentation:

  1. A copy of your passport or driving licence (front and back).
  2. A utility bill (e.g. gas, water or electricity), bank statement or other official government document, dated within the last 3 months. Please note, we cannot accept mobile phone bills.
  3. Proof of payment (e.g. front and back of the debit/credit card or a screenshot of your e-wallet)

There are two quick and easy ways to submit your documents to TradaCasino. Either send them in an email to banking@tradacasino.com, or login to TradaCasino and under My Account, click Withdraw and then Upload Documents.

For your security, we recommend only sending these to trusted casinos with a reputable licence. You can see a list of all casinos that hold a UKGC license here. In addition, take a look at sites such as Casinomeister or AskGamblers for trusted online casino reviews and ratings.

CasinoMeister seal of approval

ask gamblers seal of apporval

Super Fast Payments and Document Verification

At TradaCasino, we’re proud to have some of the fastest verification and payouts around with the majority of documents verified and withdrawals processed within 8 hours.

How Long Will My Withdrawal Take To Reach Me?

Although the vast majority of our withdrawals are processed within 8 hours (even quicker if you have uploaded documents and your account is already verified), withdrawals via Credit Card and Bank Transfer can take 3-5 days to reach your account. This is due to bank processing times and is something we do not have control over unfortunately!

visa mastercard casino payouts

If you like your casino winnings super fast, we recommend you use an e-wallet such as Skrill or Neteller. You’ll have your winnings back in your account within seconds of us processing it.

Skrill Casino PayoutWe hope you found this information useful, remember to always check the license and ratings of your chosen online casino before you make your first deposit. It is also advisable to get your documents approved in advance, as this will help you to save on waiting times when you hit that big win!

Neteller casino payout

If you have any questions regarding uploading documents, please contact a member of our customer support at support@tradacasino.com/


Cashback: How to earn cash as you play!

Rewards, with no wagering requirements.

As mentioned in our article Top Tips: Faster Casino Withdrawals, the best way to ensure a fast withdrawal is to play without taking a bonus. However, there is an exception to that rule, and that exception is the TradaCasino Cashback System!


What are the benefits?

The TradaCasino cashback system is perfect for players who don’t like taking bonuses that have strings attached. Thankfully, cashback rewards come with zero wagering requirements.

For every £/$70 you bet on slots, we drop £/$2 cash into your account instantly. There are many benefits to playing with cashback, such as:

  1. Longer playtime: Playing with cashback allows you to get more value from every deposit, as we drop cash into your balance in real-time, you can play for longer.
  2. Withdraw at any time: Cashback doesn’t come with any tricky terms. Your deposit is always available for withdrawal, even before you have unlocked all your cashback.
  3. Cashback never expires: If you don’t unlock all your cashback with your first deposit, it will be carried over. Cashback is never lost, so you will have an opportunity to unlock leftover cashback using your future deposits.
  4. Increased RTP (Return to Player): Whilst opted into cashback, the house edge is decreased. Intermittently dropping cash into your balance gives you more to play with, and an increased chance of beating the house.


One of the main reasons players like TradaCasino Cashback is because it has a significant effect on the return to player statistics of the games (also know as RTP). As a result of this, the games become more profitable.

Another important factor is that your pending cashback balance is never lost and always carried over. So it will always be there for you even if you decided to apply for another offer .

How do I claim cashback?

To claim your cashback bonus, simply enter the code CB100 with your first deposit. For every subsequent deposit, use the code CB25! Then just sit back, relax and watch the rewards roll in.


What slots contribute to my cashback bonus?

At TradaCasino, you will find a wide range of online slots that you’re guaranteed to enjoy! Check out games from NetEnt, Microgaming, Quickspin, Pragmatic Play, WMS, Barcrest, Playson and much more!



Top Tips: Faster Casino Withdrawals

Top Tips: Faster Casino Withdrawals

TradaCasino offer a wide range of casino bonuses, free spins and regular cashback offers. We also offer free withdrawals and deposits, and have won twoBest Customer Serviceawards. However, the most important feature for players is the fact that we have one of the fastest casino withdrawal processing times in the industry!

We have always believed that one of the most important parts of the player experience is to receive your casino withdrawal as fast as possible. This is just one of the many factors that makes an online casino great, and so it should be.


Top Tips: 5 Ways to Speed up your Withdrawal

  1. Get your account verified before making your first deposit. This will ensure there are no delays in cashing out from the casino. This will also give you more piece of mind if you do hit that big win!
  2. If you take a deposit bonus, always make sure you read the bonus terms in advance. Deposit bonuses have a tendency to delay payouts. Casino teams need to spend more time reviewing game-play when a bonus is taken, so make sure you haven’t broken any rules that might jeopardise your payout.
  3. Play with cash! It is no secret that playing with cash (without taking a bonus) results in a faster withdrawal process. There are fewer checks that need to be done on cash deposits, meaning the casino team can hit that ‘payout’ button even quicker.
  4. If you are already verified, but are using a new payment method (such as a new debit card), make sure to send a copy of it to the casino verification team. All new payment methods need to be approved before a withdrawal is processed, and getting this done in advance will avoid any withdrawal headaches in the future.
  5. Last, but not least, only play at reputable online casinos. Casino review sites such as ThePOGG and Casinomeister provide the most up-to-date information on ratings, reviews and most importantly – rogue casinos!

TradaCasino Withdrawal Times:

At TradaCasino, we promise to process your withdrawal within 0-6 hours of your initial request. Please note; your account must already be verified to receive your withdrawal in this time-frame.

If you request your withdrawal late at night, we promise to process it first thing in the morning!

Once we process your withdrawal, it may take some time to show up in your account. Below you will find the processing times of the most popular casino withdrawal methods:

  • Credit/Debit Card: 1-3 working days
  • Trustly Bank Transfer: Instant
  • Skrill: Instant
  • Neteller: Instant
  • Ecopayz: Instant