The deposit limit has to be one of the most commonly used responsible gaming features in the world of online gambling. You will find it on many bookmakers and casino sites, and it usually offers various limits. But how exactly does it work, and what do you need to do to activate it? Well, let’s find out.
How to Set up the Deposit Limit
To set up a deposit limit while using an online bookie, you have to:
- Access your account.
- Go to the profile section and find the deposit limit option.
- Choose the daily, weekly and monthly amount that you are comfortable with.
In most cases, the limits will be implied right away, so you do not have to worry about overspending. Keep in mind that almost all betting operators offer an automated version of this feature, but it is possible to have to contact the support department to apply the limitations.
What is the Deposit Limit Period?
As mentioned, the deposit limit has a fixed duration, and the available options will depend on the operator. Here are some of the most common options you will find:
- Daily Limit (24 hours)
- Weekly Limit
- Monthly Limit
- Yearly Limit
Several limitations can be added depending on the site. However, only a few operators will allow you to remove them once they are set up, so you need to be careful when applying them.
What Happens After Adding a Deposit Limit?
Once you add a deposit limit, you cannot make transactions larger than the specified amount. For example, people who set their daily deposit limit to $100 cannot transact more than that for this period.
After enabling this feature, you can adjust the amount and duration. However, there is a catch: Most brands will only allow you to decrease the limits. If you wish to increase them, you will probably have to wait for up to 24 hours.
Should You Use the Deposit Limit Tool When Playing?
There’s no correct answer here because it all depends on a given player’s preferences. Generally speaking, we think that this is a good idea because it allows you to control your spending. Even the most responsible gamblers can overspend at times, so it’s better to have a limit than regret it later.
Of course, adding a deposit limit does not “free” you from playing responsibly. You really need to be aware of how much money you use and everything else. That’s why it is important to check the site’s specific payment options and familiarize yourself with the limitations.
Are There Any Other Tools for Responsible Gambling?
The deposit limit is a very popular option found on most gambling sites, but this doesn’t mean that it is the only one. Leading iGaming companies will also offer the following options:
