Cashable (Non-Sticky or Parachute Bonus) No Deposit Bonuses in Canada
Cashable no deposit bonuses, which are gaining popularity among Canadian players, are the kind where both the bonus and the winnings can be withdrawn. This makes them preferable over standard offers, which are not as flexible and usually come with heavier restrictions.
We’ll go into further detail later on, but for now, here’s a quick look at the key differences between cashable and sticky no deposit bonuses.
| Parameter | Cashable | Sticky |
|---|---|---|
| Withdrawal amount | Bonus and real money winnings are withdrawable | Only winnings are paid; the bonus amount is not |
| No deposit promo code | May be required or not, depending on the casino | May be required or not, depending on the casino |
| Wagering requirements | Often higher and harder to complete | Lower, with more player-friendly terms |
How Cashable No Deposit Bonuses Work
Cashable no deposit bonuses are quite straightforward. Upon registration, the bonus is credited to the new player’s account. It can typically be used on predetermined slots or other casino games.
Let’s say you sign up for a new account and you are qualified for a 10 CAD cashable no deposit bonus. You play the eligible slots using the bonus, and are lucky enough to win 15 CAD more. Since this is a cashable or non-sticky bonus, the total of 25 CAD is readily withdrawable, as long as you complete the bonus wagering requirements.
Although cashable no deposit bonuses are commonly available to new players, some Canadian casinos also offer them occasionally to existing users as special promos or loyalty incentives.
Key Terms of Cashable No Deposit Bonuses
The same terms and conditions that apply to standard no deposit bonuses also apply to the cashable variety. However, some T&C will be stricter, as the bonus allows for withdrawal of the bonus sum along with the winnings. Here are some of those rules that you must understand before claiming the bonus.
- Wagering requirements. This refers to how many times a player must wager the bonus winnings before they can be withdrawn. Typically, non-cticky no deposit bonuses have wagering requirements from x30 to x50 - on the higher end of the spectrum.
- Maximum cashout. The amount you can withdraw from a cashable no deposit bonus may be limited to 100 CAD or less. In rare cases, it won't be restricted at all.
- Eligible games. Casinos specify which games the parachute no deposit bonus can be used on. These are typically video slots, but some offers are not restricted to any particular games at all.
- Time limits. Cashable bonuses usually have a shorter validity period - from 24 to 72 hours. The time to complete the wagering requirements will also be limited.
- Deposit before withdrawal. A cashable no deposit bonus can be used without transferring funds, but most Canadian casinos will require players to make a minimal deposit before withdrawing.
- KYC checks. Before being allowed to withdraw, players must present proof of their age, identity, and residence, and complete other regulatory requirements.
How to Withdraw a Cashable No Deposit Bonus in Canada
One of the nice things about cashable no deposit bonuses is that the withdrawal process is very easy and straightforward. However, many players assume that just because they are cashable, it also means that they come with no other restrictions – this is not true. You do need to pay attention to detail and comply with some requirements.
Below are the steps you have to follow so that your withdrawal request is approved and that you don’t encounter any unnecessary hiccups along the way.
A no deposit bonus can be used without making a deposit, but to withdraw, you must first deposit at least the minimum amount required by the casino.
For cashable bonuses, wagering requirements apply to both the bonus amount and the winnings. If the parachute bonus is 10CAD and you won 15CAD, you must bet the 25CAD the required times before the deadline.
Submit a valid ID or other necessary documents required by the casino to verify your age, identity, and residency.
Finally, when the rollover requirements are completed, choose you preferred cashout method and apply for the withdrawal.