Understanding Casino Withdrawal Limits

September 9, 2020 by: New Free Spins No Deposit

casino withdrawal limits

Wanting to claim your winnings is all part of the fun when you play at slot sites or new casinos. But first, you have to understand how the withdrawal limits of the casino can either hinder or help you to receive your cash. Every casino makes up its own rules about the different limits, although in general, they all follow a fairly similar format.

Time and Amount

Virtually every casino imposes a limit on the amount of money you can request in one transaction. Lower limits can often be £10 or £20, while at the other end of the scale, it could be as much as £5,000. There’s usually a time limit that dictates how frequently you can make a withdrawal. A few casinos have a daily limit while others prefer it to be weekly. When new casinos set their rules, they nearly always combine these two limits. You could, for instance, face withdrawals of one transaction each week of up to £1,000 or three transactions in a week with a combined total of £2,000. The possibilities are infinite, but the best way to discover the exact limits for any casino is to read the terms and conditions before you decide to invest your money.

Flexible Withdrawal Limits

As you read the terms and conditions of different slot sites, you’ll notice that some casinos aren’t as strict about how much money you can cash out. They’ll often let you request far higher amounts of cash in one transaction which could help you remove a substantial win in a short time frame.

Limits for High Rollers

High rollers are sometimes referred to as the whales of a casino because they seem larger than life, betting gigantic amounts and expecting to win even bigger cash prizes. These are the gamblers that really do read all the terms and conditions, because they want to be sure they can access their fortunes without any problems. Far from being annoyed at having to pay out large sums of cash, most casinos encourage high rollers to play at their sites. They’ll offer them the best seats in the house and award them VIP status, providing perks such as luxury holidays and air travel. High rollers typically search for new casinos with generous maximum withdrawal limits and flexible timing. Very often, high rollers successfully talk to customer services to discuss exclusive personal terms regarding their own withdrawal limits.

Negotiating your own Withdrawal Limit

While high rollers seem to have some influence over the casinos, if you’re a ‘regular’ player who suddenly lands a thrilling jackpot, you can still try to negotiate your way past the maximum limits in order to cash out your huge mega-prize. If you don’t succeed, you’ll need to have the patience to withdraw the maximum amount over several weeks. One tip to help avoid accumulating too much money in your casino account is to only make deposits that are less than the casino’s withdrawal limits, making them much easier to remove every now and then to keep your account at a certain level.

Fast Payment Methods

Take your time investigating which payment methods different casinos accept as the system you choose can often be crucial in helping you to withdraw your winnings quickly. Playing slots at a PayPal casino is a fairly wise decision as it offers one of the fastest withdrawal rates of all. Transactions are virtually instant with withdrawal limits ranging from £5 up to £5,000. Established in 1998, PayPal’s trusted throughout the world, is easy to use and hardly any Paypal casino ever charges you a fee to use it. Neteller and Skrill have similar withdrawal limits and transactions that are instant or within twenty-four hours. Even PaySafeCard, which is easy to top up with pre-paid vouchers, allows you to withdraw up to £2,000 in the same time limit. Trustly offers a more direct route to your bank account and reduces the time limit by around half when compared to debit card withdrawals. Check the small print for fees and availability for several payment methods to enable you to choose the best one.

Proof of Identity

Verification of your casino account is an unavoidable step if you want to make a withdrawal and receive your winnings. It can often seem inconvenient to have to upload utility bills and passport or driving licence details to prove your age and identity, but the measures are required by law to help to make the casino a safer place to be.

New Free Spins No Deposit
Writer