Usually when someone is searching for transaction-related information about an online casino, the deposit limits are often at the top of the list. Most people tend to want to know how much they can deposit, for many reasons, but notwithstanding how much match bonus then can get when they make that deposit. An oft overlooked information, however, is another form of limit – the payout limit, i.e. how much money can you withdraw from the online casino at one time.
Withdrawal limit comparison at some online casinos
|VIP Special Limits
|$3,000 – $9,500
|$2,500 – $3,000
|Unlimited with Eco
|$500 – $2,500
|$2,500 – $3,000
|Unlimited with Neteller and Eco
Casino withdrawal limits: The Basics
It’s a fact that all online casinos will have some kind of payout limits. Even the most famous casinos will impose a limit on how much the player can cash out at one time, per week or even per month. There are a couple of factors at play here for the reason a casino will impose withdrawal limits to its customers.
One of the main reasons you may see the cashout limits you see at your favorite casino have to do with the withdrawal method. Often the payment methods themselves will be the limiting factor of the size of the amount of your withdrawal.
For example, if an online casino processes cashout to credit cards, those amounts will be quite small, because the credit cards themselves are limiting how much a business can send back. In that vein, credit/debit card withdrawals tend to be the most limited on the size of those payouts. Thus, a careful examination of the available banking options for withdrawal at the casino will yield better and higher limits. This is also one of the ways you can increase or eliminate the payout limits altogether, but on this a bit later.
Another reason why an online casino may have what it seems pretty tight payout limits is for fraud protection. The online casinos are generally very good at safeguarding themselves and vetting their customers, often required by law, but fraud online is an everyday occurrence and even the very best fall victim to it on occasion. One way for the casinos to limit their exposure is to impose tighter withdrawal limits to their new customers. As your history with the casino grows, those limits will be loosened and sometimes even removed.
Large payout limits or small cashout amounts
Of course, just like everything else – bonuses, promotions, games – the payout limits will be different from one casino to the next. Some online casinos will generally have larger payout limits, even for brand new customers, while other casinos will err on the side of caution and start their new customers with a smaller cashout limit across nearly all payment options.
For the purpose of this, as well as an illustrative comparison, we have put together the table above. You can see that there is quite a difference, not only between the individual online casinos, but among the different payout methods. Some will be small, others will be large, but with a few exceptions, the payout limits are there, at every online casino.
Of note here is the curious finding that the online casinos may impose different limits not only based on the payment options for withdrawal, but also on the frequency of withdrawals. For example, some casinos may place a withdrawal limit per payment method on a weekly basis, while others may go as far as doing it on a monthly basis. For example, a casino may have a $5,000 check cashout restriction per week, which by the way is above the average, while another may have the same check withdrawal limit, but that one may be per month, instead of week. This would not be the norm, but it’s still a good idea to take a look at the banking section of an online casino you may be considering patronizing.
Ways to increase or remove the payout limits
For most people the standard payout limits at nearly all online casinos are never an issue. They are quite large to cover a big chunk of the players and their usual winnings. However, for the high rollers and those who are lucky to strike it big, the cashout restriction may seem quite bothersome. But one should not despair after learning that all online casinos have a limit on how much of your winnings you can withdraw at one time. There are ways one can increase those pesky payout limits, and sometimes even eliminate them completely.
For the casino high rollers, their VIP status will often give them the benefit of higher cashout limits, sometimes eliminating them completely, at least on the casino side. Restrictions stemming from a banking method itself would likely still remain, as they are out of the casino’s control, but VIP customers will certainly enjoy much more banking freedom with their favorite online casino.
The easiest way for any customer of the online casino to remove the payout limit is to chose the right cashout method. While payout options like checks and bank wires will likely always have maximum amount of withdrawal attached, whether daily or weekly, other cash out methods oftentimes carry no such restrictions.
One example is the popular cryptocurrency Bitcoin. Accepted by all online casinos, both for deposits and withdrawals, Bitcoin is one payment method that has no amount restrictions (withdrawal or deposit) nearly universally among the casinos. If you are looking for little to no payout restrictions at the casinos, this banking method should be your preferred choice. As you can see from the comparison table above, most online casinos have no limits whatsoever when it comes to Bitcoin, neither on the amount nor on the frequency of the withdrawals.
And finally, there is another option, unknown to most online casino players, and that is the casino-to-casino transfer. The online casinos are a big, but tight-knit industry and as such, most online casinos have the ability to, and the agreement for, chip transfer among one another. You will likely never see this advertised, but it is quite possible to be able to transfer some or all your winnings from one online casino to another. The details of the agreements are, naturally, not publicized, but regardless of the deals between the casinos, players could make a casino-to-casino transfer. You will have to contact customer service and inquire about this possibility, with the result depending on the two casinos you have in mind, however, it is still a viable option for those looking to cash out more than the casino’s withdrawal limits.
Although, Keep in mind, that one you have completed this transfer, the second casino will often have a wagering requirement on the chips you transferred to them, so they won’t be available instantaneously for a cashout. Luckily, most casinos will have a very low wagering requirement, oftentimes as low as 1x the amount.