Why Do Casino Withdrawal Limits Exist?

A lot of people are annoyed by casino withdrawal limits. However, they are part of the online casino industry. Without a doubt, almost every casino player is afraid of maximum cashout and withdrawal limits.

We talked with the team from Casinomartini – and today, we are going to discuss what casino withdrawal limits mean and how to prevent them.

What’s an Online Casino Withdrawal Limit?

Playing your preferred online casino games is extremely fun and easy. The hard part is winning. Of course, when you do win, you don’t want the withdrawal of your hard-earned money to be refused by the casino.

The casino withdrawal limit is one of the major reasons why a casino rejects a withdrawal. The truth is that almost every online casino will have some sort of withdrawal limit in some form or shape. A withdrawal limit is just a restriction on the amount you can withdraw in a multiple or single transactions.

Of course, the casino withdrawal limit varies from one casino to another. A couple of casinos apply monthly limits. Others will apply weekly limits. A few of them apply daily limits. Reading the terms and conditions of the casino is the best way to find this information. This means that reading the T&C of an online casino before signing up is extremely crucial.

You’ll be able to withdraw your winnings up to the maximum allowed in a single day and will have to wait the next day to withdraw again if a casino sets a daily limit. The same principle can be applied for monthly and weekly limits. A couple of them are limited by the actual amount while others are limited by the time. Thus, you’ve got to ensure you know them just to be safe.

What if I Want to Withdraw Everything Now?

Of course, this is pretty understandable, especially if you’ve just won a huge jackpot prize. However, you will have to follow the rules if a casino has a withdrawal limit. For instance, if there is a daily withdrawal limit of $1,000, you can make daily withdrawals in increments of $1,000.

However, you should not worry. The particular amount that you have won will still be yours. All you’ve got to do is to wait to get it all instead of a single huge withdrawal. However, you should not really get discouraged by this since a couple of online casinos will be willing to remove their withdrawal limit if you have hit a major jackpot. This will help you withdraw your winnings in a single transaction. However, it is completely down to the discretion of the casino. So, it is always worth calling customer support if you ever find yourself in this situation.

In addition to that, a couple of casinos allow bigger withdrawal limits when requested. Thus, this is another feature that you should remember.

High Rollers and VIP

These withdrawal limits can be extremely annoying if you are a high roller who is regularly winning huge amounts. Fortunately, there are a couple of online casinos on the internet that allows you to improve your status into a VIP. Usually, online casinos offer no or increased withdrawal limits to their VIPs. That is why you have to ensure you examine the casinos you play for this type of benefit.

Preventing Withdrawal Limit

You will have to play in an online casino that has more relaxed withdrawal limits if you do not want to be limited by the amount you can withdraw. In addition to that, as we’ve mentioned, you can always increase your status to VIP to reap the benefits of increase to no withdrawal limits.