Playing online casino games is a lot of fun, winning and withdrawing your winnings is even more fun. However many players are not aware that online casinos put limits on the sums that players can withdraw from the casino. The limits on withdraw vary from casino to casino; some place withdraw restrictions on the sum of money a player can withdraw in each single withdraw, other place weekly or monthly limits. A lot of casinos have a combination of limits, for example: a limit of $5000 per withdraw and up to $9000 per week.
New players are often not aware of these withdraw limits which is why we saw a need to alert players to them in order to make sure players avoid unnecessary disputes with their chosen online casino. There have been incidents when players won jackpot of $30,000 and tried to withdraw it all in one go. If such a jackpot was won in a casino that has the withdraw limits mentioned above it will take them four weeks to withdraw the entire jackpot as the limit is on $9000 per week.
The issue can get complicated as no player has prior knowledge of how much they are going to win. Players need to watch out from casinos that offer very high withdraw limits as they probably offer less favorable terms in other areas such as games payout percentage, which will make a player less likely to win.
Therefore an online casino with lower withdraw limits is not necessarily a bad online casino. It can just be a case of a good online casino that offers a high games payout percentage on most their games and needs to protect itself from excessive withdraws that can temporarily break the casino’s bank and leave it in a state of no liquidity.