1st of September 2017 Author: Natalie Stephanopoulos
Low withdrawal limits have always plagued the online bingo industry, but thanks to new regulations implemented by the UK Gambling Commission, Dragonfish has made some welcomed changes - at least from the player perspective. Ah, but things get even more interesting when it comes to the registration bonuses. Brace yourselves because the following news may blow your mind - in the best possible way, of course.
Max withdrawal limits are GONE!
If you recall, the limits were set at £1,000 per day, £2,000 per week and £3,000 per month for Dragonfish powered online bingo brands and the monthly limit was a bit higher at £5,000 per month for their casino brands. We're always busy doing our best to ensure all information found on LBB is accurate, so while conducting our standard updates and checks, we discovered that these limits are no longer found in the terms and conditions of any site under the Dragonfish software umbrella. We contacted live support on several sites and each confirmed that the cashout limits no longer apply.
The previous limits didn't add up and this is a move that's definitely to the players' benefit. Right now, you can cashout balances exceeding the former caps in one transaction.
No deposit bonuses really require 'no deposit'
Not every brand offers a no deposit sign-up bonus, but when they do, players won't be required to make a minimum deposit in order to withdraw winnings. Let's say you claim £10 free with a 2x playthrough for bingo games. Once the wagering requirement is met, players can cashout the winnings up to the max amount allowed for that particular bonus. This applies to all free money registration bonuses including free spins.
You're no longer forced into making a deposit for a no deposit bonus. The verification is completed when you register a card or other banking details along with any other initial identification and age verification checks.
For example, Fancy Bingo is currently offering £5 free to new players, no deposit required to claim. We combed the T&C's and sure enough, not a single reference to a funding requirement anywhere in the bonus or standard rules.
Great news, but how long will it last?
The withdrawal limits are pretty solid, so the main concern is the future of no deposit sign-up bonuses. While it's fantastic for players, it's not fantastic for the operators. They've been able to hook you in with the deposit requirement and you'd probably play on only to eventually lose the winnings from the bonus anyway. Now what? We can expect to see these types of offers fade and become a distant memory or come with outrageously unattainable wagering requirements. Either way, it will never be the same.
For now, grab it while you can and enjoy cashing out your entire balance in one fell swoop!
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