Did you make money from a casino bonus? Don’t make these mistakes if you don’t wanna lose your bonus winnings
After claiming your casino bonus, you used it to play and won some money. You asked for withdrawal however you’re unable to withdraw money from your online casino account. In a situation like this, your initial thought is probably that the casino is a scam and wants to rip you off. It’s the other way around. An authorized online casino does not need to keep your money; instead, it celebrates each success of its players. Its business is founded by players’ lost wagers, which are always more numerous than winning ones. So what are the most common reasons why online casinos may decline withdrawal of your bonus winnings?
Mistake #1: Unverified account
Online casinos are required by law to verify the player’s identity. A casino might let you deposit and play with an unverified account, but you will be certainly asked for a verification when making a withdrawal. They will hold your money until you provide them with the required documents. The most common documents that an online casino requires are proof of identity, proof of your current address, and proof that you own the payment account you have chosen as a payment method. If this is your first withdrawal, an unverified casino account will probably be the reason for the rejection of the withdrawal.
Mistake #2: Multiple Accounts
Creating multiple accounts to claim the same bonus or to circumvent restrictions is strictly prohibited by most casinos. If you are found to have multiple accounts, your bonus winnings may be voided.
Mistake #3: Wagering requirements were not met
Online casinos require players to wager their casino deposit or bonus several times before withdrawing their winnings. The wagering requirement applies to any bonus and varies with each offer. You will find information about wagering in the casino’s terms & conditions. The wagering condition implies to bonus, sometimes to deposit, or even a bonus + deposit. In case of free spins, you will have to wager your winnings. Wagering must be completed within a few days of receiving the bonus. If the casino has refused to pay out your bonus winnings, first check that you have met the wagering requirement and then try to withdraw money again.
Mistake #4: You exceeded the withdrawal limit
Deposits and withdrawals in the casino are subject to minimum and maximum limits. There are daily, weekly, or monthly limits for withdrawals. If you exceed any of these limits, the casino will decline your withdrawal. This can occur if you are trying to withdraw a very large amount or if you have withdrawn money from the casino account several times in a given week or month. In that case, all you have to do is make several smaller withdrawals or wait for a new period when your limits are reset.
The most common reason why your bonus win withdrawal has been declined is a violation of the Terms and Conditions. Casinos have specific rules regarding the use of bonuses, including wagering requirements, game restrictions, maximum bet limits, and more. If you violate any of these terms, the casino may cancel your winnings. A better scenario is an unverified account. If that’s your case, you can still access your wins after you complete the verification process.