One of the biggest complaints you will see from players who play inside an online casino is the withdrawal limits that are in place. These are usually from very high rollers or those who have landed a big jackpot, but what they don’t understand when making this complaint is that the casino they are playing in has a withdrawal limit.
These limits come in many different ways, they can be daily, weekly or monthly and can be different depending on the payment method you use to deposit and how you are looking to take the funds out of the account.
If you are playing inside an online casino then you should really know the rules that they have in place, especially those that affect you and how you are going to get your winnings, as this is something we all want to be completed as quickly as possible. Many casinos will work roughly the same but they may all have their own little additions to the rules in place which are worth knowing about.
Before you are off exploring the games on offer, it is always a good idea to check out the important rules around withdrawing funds. While the withdrawal process may still not be to your liking, at least by reading the rules and knowing what to expect you can avoid the surprise element just after you have won a big amount, which should ease the pain if you are ever in this situation.
What is a Withdrawal Limit?
A withdrawal limit is exactly what it sounds like, a limit on the funds you can take out of your account. This may be a limit per transaction, per day, per week or even per month. The maximum amount you will be able to take out of your account will be listed, as will the period in which you can take it out.
For example, if you win £2000 inside a casino that has a withdrawal limit of £1000 per day then you will have to take out £1000 on the day you win and then the further £1000 a day later. This doesn’t offer too much trouble to you, as you only have to wait a day for this. However, if a casino had a £1000 limit per month then you would only be able to take out £1000 when you won, and you would then have to wait until the following month before you could take out the further £1000.
This is an extreme example, and those with monthly limits are usually much higher than this, although you must understand that you would have to wait a full month before taking out any more money from your account.
There are some casinos that will waiver their withdrawal limits for players that have landed a big jackpot when playing on video slot games so they can get it all in one go, however, it is wise to not think about this and work on the assumption that you will receive it based on the limits.
How to Avoid Withdrawal Limits?
This is not easy, but the first thing you need to do is to look at many casinos before you sign up to one of them and view their limits. If you see something that could be a problem and you rank withdrawal limits as something important to you then it is probably best if you do not use that casino.
The payment method you use will also affect withdrawal limits. Generally speaking, if casinos offer different limits based on your deposit and withdrawal method then it is very likely that the highest limit will be set for debit cards and bank account transactions. While e-wallet payment methods are very good and used by millions of people all over the world, these often have smaller withdrawal limits on them, so that is something to think about both when you are signing up to a casino and when you are choosing your payment method.
For the majority of people, casino withdrawal limits will not have much of an impact on them. However, for those that could come into contention with their casino because of them, it is vital to read and understand things to ensure you know exactly what you will be getting and when should you be lucky enough to win big.