Withdrawal lock feature
Withdrawal locks are features that online casinos let you use for responsible gambling. Their purpose is to ensure that you withdraw your winnings instead of using them to continue gambling.
If a casino has a lock withdrawal feature, it’s a sign that they’re serious about responsible gambling.
| Feature name | Withdrawal lock |
|---|---|
| Best casinos | Casumo, Rizk |
| Good for | Responsible gambling |
| First introduced | 2016 (Rizk) |
Here at FeedBACK Casino, we want to help players to use all the resources available to develop responsible gambling strategies. This is because responsible gambling is the best way to make sure you can have fun without developing dangerous habits. We even have an entire section of our site dedicated to it, where you can find more information on the topic.
Unfortunately, most casinos don’t offer a feature to lock withdrawals. That’s why we came up with a list of our top 3 casinos with the best withdrawal lock features for players.
But first, let’s take a quick look at what it means to “lock withdrawals” at online casinos.
What does “lock withdrawal” mean?
To lock a withdrawal means that once the request to cash out is submitted, it cannot be cancelled or altered by anyone. The player won’t be able to modify the request, and the casino will be forced to transfer the funds, even if the player requests a cancellation.
Locking a withdrawal is the best way to guarantee that you keep your winnings.
Most casinos usually take at least 24 hours to process a payment. Some of them can take even longer. While the withdrawal request is being processed, players can change their minds and cancel the request. This usually happens when players want to use their winnings to continue playing, with the hope that they’ll get even bigger wins.
Locking withdrawals prevents you from playing with your winnings before the casino transfers the funds.
Withdrawing your winnings
The best policy is to cash out your winnings quickly, especially after a big win. This prevents you falling into the mistaken notion that you are on a winning streak, or that using your winnings to try to win more is a form of investment.
Easy and fast withdrawal processes are a hallmark of reliable casinos.
When casinos provide a withdrawal lock feature, you can be sure that they’re not trying to purposely delay transferring your funds in the hope that you’ll change your mind about withdrawing your money.
It’s also important to keep in mind that the withdrawal method that you use will affect the time it takes to receive the transferred funds. As a general rule, the casino will use the same method that you used to make your deposit.
Before registering at any casino, read our reviews and use our comparator tool to see the available payment methods and withdrawal processing times.
We also have an entire section of our site dedicated to in-depth articles on payment methods.
Best online casino lock withdrawal features in 2023
We have come up with a list of the best withdrawal lock features of online casinos currently available. Our primary criteria was user-friendliness, since it’s the main factor affecting your ability to place a lock on your withdrawals.
These casinos are all FeedBACK-certified. That means that I have personally tested their account management systems, their support services and their withdrawal policies.
Rizk was the first casino to implement withdrawal locks back in 2016.
Most importantly, all these casinos have licenses from important regulators, beginning with the United Kingdom Gambling Commission (UKGC). This ensures that their games are fair and their business practices are safe and transparent.
Furthermore, we’ve worked to build relationships with these online casinos in order to secure welcome bonus offers for the FeedBACK Casino community. Clicking on the links on this page will automatically apply a bonus code when you register at the casino.
Remember that you can read in-depth reviews and use our Comparator to see which of these casinos is the best for you!
|
|
|
|---|---|---|
| Trust Flow |
3.67
|
4.00
|
| FeedBACK-tested | done_all | done_all |
| Licence |
Malta United Kingdom Sweden |
United Kingdom |
| Mobile ready | done | done |
| PayPal | clear | clear |
| Trustly | done | done |
| Paysafecard | clear | done |
| Neteller | done | done |
| Skrill | done | done |
| Withdrawal average time | 1 day | 1-2 days |
| Number of games | 450 | 2000 |
| Softwares number | 13 Providers | 12 Providers |
| Support Opening | 24/7 | |
| Bonus |
200%
up to
£100
T&C applies
|
100 %
up to
£25
T&C applies
|
| Wagering | 40xBonus | 30x Bonus |
| min Deposit | £10 | £10 |
| max Bet | - | £5 |
|
Visit exit_to_app Read review |
Visit exit_to_app Read review |
Withdrawal locks: how-to guide
There are two main ways to lock withdrawals: while creating the request or after submitting it. The method depends on each casino. I personally prefer being able to place the lock on the withdrawal while making the request, but some people don’t mind the extra step.
Lock withdrawal during request submission: SlotsMillion & Rizk
SlotsMillion and Rizk let you lock your withdrawal funds while requesting the transfer. This means you won’t be able to modify them after submitting the request.
- SlotsMillion: when making a withdrawal at the Banking page, click the lock button before submitting the request.
- Rizk: request a withdrawal through the transactions page and click the lock icon after entering the amount you want to withdraw.
Lock withdrawal after submitting request: Casumo
Casumo requires you to place a lock after making the withdrawal request. Simply go to your account transactions to view the pending withdrawals and click the lock button for the corresponding withdrawal.
Why should I use withdrawal locks?
It’s a good idea to place locks on all your withdrawals. But it’s even more important to do it after you win, and especially after you win big.
You don’t need to have a gambling problem to benefit from locked withdrawals.
After winning big, most players will want to cash out their winnings in order to get them as soon as possible. But most of us will also have second thoughts about cashing out, as a common mistake is to think that having a bigger bankroll will bring us chances for even bigger wins. This is when many players cancel their withdrawal requests, hoping to capitalise on their big win by wagering with it.
Placing a withdrawal lock will guarantee that you keep your money and give you more time to think about whether or not to continue gambling with it.
Tips for responsible play
As I said before, it’s a good idea to read up on responsible gaming practices before you begin to play for real money at online casinos.
Withdrawal locks are a good place to start, but there are many more features at your disposal to make sure that you can enjoy your favourite games —whether they be slots, poker, blackjack, roulette or live casino games— without developing risky habits.
All the casinos we recommend have account management systems that are easy to use and effectively help you establish limits before you begin to play. I always go to my account settings immediately after registering, in order to set up the best combination of limits for myself. And I recommend you do the same.
The following table lists the different kinds of limits you can set on your account. I recommend using them all for maximum protection. All of these limits let you choose the time period to which they apply.
|
Time block |
Limits access to your account during a predefined block of time (e.g., 10AM-5PM) |
|
Time alert |
Notifies you when you’ve been playing for a predefined amount of time |
|
Budget |
Max. amount you can spend at the casino |
|
Deposit limit |
Max. deposit amount |
|
Wager limit |
Max. amount you can wager |
|
Loss limit |
Max. net losses |
feedback FAQ about Withdrawal lock
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- ✅ What is the lock withdrawal feature at online casinos?
- The lock withdrawal feature allows you to lock in withdrawal requests so they can’t be modified or cancelled. This is to help you protect your winnings without wagering them. Visit FeedBACK Casino for more information and see which casinos feature lock withdrawals. keyboard_arrow_right
- ✅ Which casinos have a withdrawal lock feature?
- SlotsMillion, Casumo and Rizk have withdrawal locks. They have different management methods. See our article to find out which one is the best for you, and claim a welcome bonus offer code. keyboard_arrow_right
- ✅ How can I enable lock withdrawals on my online casino account?
- Most casinos let you lock withdrawals on a case-by-case basis. FeedBACK Casino lets you compare the methods to decide which one works best for you. keyboard_arrow_right
- ✅ Why should I lock withdrawals at online casinos?
- You should lock withdrawals to guarantee that you receive your winnings without wagering with them. This is a great practice for responsible gambling. Read more about it at FeedBACK Casino, and see which online casinos offer the best system.
