What are the Online Casino Deposit Limits?
At an online casino, there are two main types of deposit limits. Firstly, you will see limitations that will restrict you with minimum and maximum deposit amounts. Secondly, every licensed online casino have a service that allows you to place manual restrictions on your account when you are setting a deposit: this is done so that you will not exceed the gambling limits you have set. Let’s start by looking at those minimum and maximum deposit limits that you will come across in an online casino.
Deposit limits explained
The majority of online casinos will offer opportunities to all the types of players: so if you are a low roller, intermediate roller or high roller you will be able to find what you are looking for. If you are an online casino beginner and you are just trying out a casino for the first time, you will probably be interested in the minimum deposit amount.
A high number of online casinos do offer rather low minimum deposit amounts as they want you to try their product without putting too much pressure on your finances. The most popular minimum deposit is £10, but there are lots of online casinos that do allow deposits even lower than that. It is not uncommon to find minimum deposits of just £1 – £5.
One thing to check if you are planning to make the absolutely minimum deposit is that you would still be able to claim your welcome deposit bonus: some online casinos have deposit limits that need to be met to trigger the bonus. Another thing to consider is that not all countries will have the same minimum deposit bonus: you can check this by visiting the casino’s cashier.
The minimum deposit bonus is also linked to the method that you are using to deposit: although there might be some variations, we have to say that this is pretty consistent with all payment methods. The majority of online casinos have a minimum deposit bonus of £10 while others have £20. There are some exceptions as some casinos require a £35 or even £50 minimum deposits, but those are the minority and are generally dedicated to intermediate and high rollers.
If you are planning to deposit just £10 or less, we suggest that you check with the casino to avoid disappointment.
In regards to maximum deposit limits, those are different from casino to casino. If you are a high roller or like to make huge deposits, it is a good idea to check the maximum deposit limits. If the amount you would like to deposit is over the maximum deposit limit a way around is to make two deposits.
Credit or debit cards – the majority of online casinos have a maximum amount that is between £2,000 and £5,000. This is the standard but, as we have said, some online casino will allow depositing a lot more via this payment method. Casinos that also have sports betting will generally allow you to deposit a lot more than this in one transaction alone.
E-Wallets – with E-wallets like Skrill and Neteller you usually are allowed to deposit a lot more in a single transaction. The maximum deposit limits for e-wallets are generally around £12,000. Having said that there might be some differences from operator to operator.
Bank Transfer – if you are a high roller then the best way to deposit is without any doubts via bank transfer. Even if it takes a bit longer than the others payments methods we have just seen, you will be allowed to deposit a lot more in one go.
Paysafe or Ukash – this is only suggested for people that are not interested in depositing a high amount. The deposit limits for those methods of payments are very low, generally around £500.
Generally though if you are planning to make a big deposit at an online casino, we suggest that you have checked their offering carefully and ensured that they do meet your expectations.
At the start of this online casino depositing guide, we have said that there are two different types of deposit limits. As we have already seen the first one, we will now analyse the second type of deposit limits: those are the ones that are set by yourself and are part of gambling responsibly.
If you are gambling responsibly, you will know how much you can afford to risk, and therefore you can set some limits that will prevent you from spending more then you initially decided.
You can set your deposit limits that can also be changed if you need to. Those are a way to protect your money, and if you feel that they will help you to avoid gambling irresponsibly, then you should set those up. Since you will be able to change them in the future do not be afraid to set them up: it is better doing so that losing your hard earned money due to an emotional rush.
We suggest that you decide what the maximum amount that you can afford to lose is and that you stick to this amount. You can set deposit limits over a daily, weekly and even a monthly period so those can be very flexible to meet your particular circumstances. There are not low or high deposit limits as it ultimately depends on your personal financial situation. So if you set up, for example, a daily deposit limit, it means that once you have reached that, you will not be able to make a deposit again until 24 hours have gone. If you set up weekly or monthly deposit limits, those will work in the exact same way.
So regardless if you make more deposits, your cumulative deposits will not exceed your designated amount. This is a particularly useful tool to make sure you are always in control of your money and that you will not end up spending more than you were thinking.
Some casinos will allow you to set a deposit limit already when you make the registration. If this option it is not there at the registration level, you can find it in the casino’s cashier. If you are concerned about how much you are spending on gambling, it is a good idea to use a budget calculator that will help you set some effective limits. If you think you have set the deposit limits to high, you can decrease it at any time.
Every online casino does have different ways of dealing with deposit limits: usually however if you are wishing to reduce the deposit limit, you can do that immediately in your account. If you want to increase the deposit limits, it might take some days to take effect, and the idea behind this is that the casino wants to make sure you are making a conscious decision and you are not being rushed by emotions at that moment. Usually, it might take up to 24 hours or even longer for the increased deposit limits to come into effect.
If you are not sure what deposits limits to set or if you are concerned about any deposits matters you can always contact the casino’s support team that should be able to assist you with any queries you might have.