There are two types of deposit limits when depositing at on online casino. First of all, you will come across limitations that will restrict you with minimum and maximum deposit amounts. Secondly, each casino will have a service that allows you to place manual restrictions on your account when making a deposit, so that you do not exceed your gambling limits. Let’s first talk about those minimum and maximum deposit limits that you may come across.
Most online casinos will cater to low rollers, mid rollers and high rollers, when it comes to making your deposits. If you are a beginner to online gambling and you are trying out a casino for the very first time, you may be looking for a casino that offers the very minimum deposit limit. Some online casinos will offer reasonably low minimum deposit amounts. The most popular minimum deposit is $10 (or currency equivalent). However, there are more and more casinos that are allowing even lower deposits than that. Some casinos now allow you to deposit as little as $1 – $5. If you are looking to place the lowest minimum deposit allowed, you should check that you are still entitled to claim a deposit bonus. Some casinos may place certain deposit limits on their bonuses. Minimum deposit amounts may also vary depending on the country you live in. You will be able to check a casino’s deposit limits by visiting the casino’s cashier. Another factor that may affect your minimum deposit limits is the method in which you are using to deposit. But when it comes to minimum deposits they are quite consistent with all payment methods. Usually the minimum amount will be the same. We mentioned that $10 is probably the most popular minimum deposit alongside $20. However, there are some casinos that will require a $35 or even a $50 minimum deposit. If you like to place low deposits such as $10 or less, you should check this before registering to avoid any disappointment.
When it comes to maximum deposit limits, these may differ slightly from casino to casino and there may be a larger range of restrictions here. If you are a high roller and enjoy making large deposits, you will need to check the maximum deposit limits. If the amounts are lower than what you would like to deposit, you may need to make two deposits. Let’s start with credit or debit cards. Most online casinos will allow to deposit a maximum amount between $2,000 – $5,000 (or currency equivalent). However, as we mentioned, just know all casinos are different and there will always be ones that will allow you to deposit significantly more than this. Casinos that have sports betting will usually allow you to deposit a lot more that this in a single transaction. Unfortunately, if you are looking to use the method of depositing and want to deposit more than that, there is simply no way around it. You will either have to change your depositing method or make separate deposits to the amount you desire. E-wallets like Skrill and Neteller will usually allow you to deposit significantly more in a single transaction. Maximum deposit limits for e-wallets can be in the region of $12,000. Still, this will be specific to each individual casino. High rollers’ best options of avoiding maximum deposit limits is probably via bank transfer. Again, these maximum limits are excessively more than the previous ones we have mentioned. If you are looking to deposit via Paysafe or Ukash, you should know that these deposit methods have very low maximum deposit limits. For example, Ukash has the lowest maximum amounts – as low as $500.
If you are planning on making a big deposit at your chosen casino, it would be a good idea to check with the casino first that it meets your satisfaction.
At the beginning of this guide we told you there were two different types of deposit limits. We will now tell you about the second type of deposit limits that can apply to you when depositing at a casino. Deposit limits are in place at most online casinos and are part of gambling responsibly. Being responsible about gambling means knowing whether to gamble and when and how much money to spend. Deposit limits allow you to limit the amount of funds you can deposit at that casino. You can change this whenever you choose to. They are there for you to use to protect you and, if you feel you need to use these, you should use them. Like we just said, you can change these limits, so don’t be afraid to set them. It’s always better to be safe than sorry when it comes to your hard earned money. Decide on a maximum amount that you can afford to gamble and lose before you play and stick to this amount. The amount you can limit yourself to can usually be chosen over a daily, weekly and even a monthly period, which pretty much allows you to be as versatile as possible. How you set this limit is entirely your decision and based on your budget. Still, decide on a time limit for your gambling sessions and stick to it. If you choose to place a daily deposit limit on your account, it will work on a rolling 24-hour basis. So, whatever time of day you reach your chosen daily deposit limit, you will not be able to make a deposit again, until that same time the following day. The same applies when placing weekly and monthly deposit limits. If you are going to place a weekly or monthly deposit limit, it would be a good idea to structure your deposits throughout your designated timeframe.
As we mentioned just now, when you place a deposit limit on your casino account, it will restrict the amount of money that enters your account from you before you can place any wagers in the casino. If you choose to set a daily deposit limit, you will not be able to exceed that amount every day. This works in the same way if you set it weekly or monthly. Your accumulative deposits over the period of time you set cannot exceed your designated amount. This means that you will always be in control of your money and you can control the maximum amount you are willing to spend.
Some casinos may allow you to set a deposit limit during the registration process. If this option is not available, then you will be able to access it through your account or in the casino’s cashier each time you make a deposit. If you are worried about your spending, you could use a budget calculator to help you decide on your deposit limits. This will give you a true picture on what you can spend on gambling. Once you have set a deposit limit, you can usually decrease this at any time. Each online casino will handle the process of deposit limits differently, but more often than not, if you are wishing to decrease your deposit limit, you can do so in your account. These changes will be effective immediately. You will naturally be able to increase your deposit limits, too. However, to make sure you want to play with higher deposit limits, these changes may take longer to take effect. Again, you will be able to make these changes through your account. When you increase your deposit limit, this may take up to 24 hours or longer to take effect. Some casinos may limit you to increasing your deposit limits a certain amount of times in any given period. Once you have requested to set up a deposit limit they will begin on the time and the date that you have requested and they will be reset once your requested period has expired. We mentioned earlier that the option to set a deposit limit is there to help you and for your protection. If you do request to make changes to these deposit limits, the casino may choose to review your request before implementing the changes. As well as the casino’s, it is also your responsibility to ensure your set limits are adhered to. If you do make a deposit that exceeds your set deposit limit, the casino may hold these extra funds until you are able to play them in accordance with your set deposit limits.
Take some time to consider whether or not you feel you should set a deposit limit and, if you are ever in any doubt, you can contact the casino’s support team who will be able to discuss the matters with you.
|
DEPOSIT TIMEFRAMES EXPLAINEDÂ
|
