What is a deposit limit & how do I set one?
PLAYWEST allows you to place a deposit limit on your account.
PLAYWEST has the option to set for the period of daily, weekly, fortnightly & monthly.
The daily limit has a 24-hour period, that must elapse for you to have the ability to deposit again.
Once a limit is set on your account for any of the period that is on offer this limit will take immediate effect and can be reduced at any time. Once a deposit limit is set you must wait until the period has finished for you to either remove or increase the limit on your account.
What are the benefits of having a deposit limit?
A deposit limit gives you the ability to control how much money you can deposit from you personal funds. It is a major way to gamble only money you have set aside for the purpose of gambling.
How does a deposit limit work?
Daily example
You have a $100 deposit limit.
You deposit $75 at midnight, then a further $10 at 6am and another $15 at midday. You will then be unable to deposit any further amount of money until the time expires on your daily deposit limit over 24-hours.
Weekly example
You have a $1000 deposit limit set.
You deposit $75 on Monday, followed by a further $140 on Tuesday. That leaves $785 remaining. You then deposit a further $300 & $485 on Wednesday & Thursday and therefore preventing you from depositing any further money into your account until Monday morning (the following week at the time you first initially deposited the first $75).
Fortnightly example
You have a $1000 deposit limit set.
You deposit $100 on Monday, followed by $800 on Tuesday. This leaves you only the ability to deposit $200 for the rest of the fortnight. You continue to deposit amounts over the next 4 days until you hit your $1000 limit on Saturday and therefore you don’t have the ability to deposit any amount until the following Monday week.
Monthly example
You have a $1000 deposit limit set.
You deposit $700 initially in your first week leaving you only the ability to deposit $300 over the following 3 weeks of the month (28 day period) you deposit $270 in the 2nd week of the month and finally you have $30 remaining for 2nd period of the month (14 days remaining on your limit) which you deposit in your final week and therefore the final 7 days of the 28 day period of the monthly deposit limit you will not be able to deposit any further funds into your account.
If you have any further questions or would like any assistance, contact us via Live Chat.