The analysis we made gives the full details on the processes of how to withdraw from betBonanza. betBonanza is a legal online sports betting platform that is operated by EPL Partners Nigeria. betBonanza is licensed by the National Lottery Regulatory Commission and Lagos State Lotteries Board. This guide will address all the withdrawal methods, and processes, as well as the withdrawal limits and possible withdrawal issues that you may encounter on betBonanza.
How to Make a Withdrawal from betBonanza?
betBonanza allows punters to withdraw their winnings through a convenient and easy withdrawal process. Find the steps below:
- Create an account/Sign in to your existing betBonanza account
- Click the account icon on the homepage and select ‘Withdrawals’
- Enter the withdrawal amount and account number
- Select your preferred bank from the drop-down list.
- Click/tap the ‘Confirm’ button.
- Your funds will be credited to your bank account or e-wallet based on the payout time.
What are the Withdrawal methods at betBonanza?
betBonanza facilitates its withdrawals majorly through bank transfers. There is an extensive list of traditional banks as well as microfinance banks through which withdrawals can be made.
The table below gives you a glance at the available withdrawal methods, minimum and maximum withdrawal, transactional fee and withdrawal time.
| Withdrawal Method | Minimum Payout | Maximum Payout | Transaction Fees | Processing Time |
| OPay | ₦1,000 | ₦500,000 | None | Instant |
| Paga | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Kuda MFB | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| United Bank for Africa (UBA) | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| First Bank | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Guaranty Trust Bank (GTBank) | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Zenith Bank | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Access Bank | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Wema Bank | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Providus Bank | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Union Bank | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Fidelity Bank | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Citi Bank | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| FCMB | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Sterling Bank | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
| Stanbic IBTC | ₦1,000 | ₦500,000 | ₦50 | Up to 24 hours |
What are betBonanza withdrawal rules?
betBonanza requires that punters submit a means of identification to verify their account before they can make withdrawals. The platform is not accountable for any incorrectly entered withdrawal details during withdrawal requests. You must verify and make sure that you have entered the correct withdrawal details before submitting your request.
The bookmark states that players can only have one betting account to their name. The punter must only use bank accounts in their name to request for withdrawal. Also, withdrawals can only be made through the same method that the deposit was made. There are rules and regulations stated on the platform and violating any of those rules may lead to forfeiture of funds.
Potential issues with withdrawing at betBonanza
betBonanza strictly follows the rules of its licensing authority. In turn, it ensures that every withdrawal request by players is verified and meets the set standards before processing it. Several issues may lead to the decline of withdrawal requests and they are listed below:
- Unusual betting activities. The bookmaker states that withdrawals may be declined if there are any unusual activities on your betting account.
- Non-verification of account. Withdrawals may be declined for accounts that were not properly verified with required documents. Also, for withdrawals exceeding ₦250,000, additional verification may be carried out before processing the payout.
- Failure to adhere to the bookie’s terms and conditions. Punters should read and follow the bookie’s conditions before they are eligible to withdraw payments.
FAQ
What is the minimum withdrawal on betBonanza?
The minimum withdrawal for all withdrawal methods on betBonanza is ₦1,000
Does betBonanza have cash out?
Yes. betBonanza has a cash-out feature on the majority of betting fixtures on the platform.
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