Dragonfish Bingo and its parent company have been in the news a lot lately. We have recently covered the fact that bingo players at Dragonfish bingo sites will soon be able to opt-out of automatic bingo bonuses.
The Dropping of Withdrawal Limits
Unless you have had your head buried in the sand, you will know that 888 recently received a hefty penalty of £7.8 million from the UK Gambling Commission due to inadequate self-exclusion policies.
It certainly seems to have shaken them up, but we’re not complaining because, as players, we are reaping the benefits of new rules, features and offers at the popular Dragonfish Bingo network.
The latest of these changes is the news that Dragonfish Bingo and all other 888 sites have dropped the limits on withdrawals. This policy was never a popular policy with bingo players and has now gotten eradicated.
Minimum Withdrawal Limit at Dragonfish Bingo Drops
This great news comes not long after we learned that Dragonfish/888 had also dropped the minimum withdrawal amount from £20 to just £5 at the majority of the bingo sites online today powered by their software.
Comparative Withdrawal Caps at Bingo Networks
If you were to look at the Terms and Conditions of another bingo network and their withdrawal caps, you would see the following examples:
Jumpman Gaming – 15 Network and Wheel of Slots Withdrawal Limits
- £1,000 per day
- £3,000 per week
- £5,000 per month
Jumpman Gaming do state that these limits can be altered by contacting the support email address of the site in question. We say, why do you want to jump through these hoops when you don’t have any limits at the best bingo network in the UK.
Cozy Games – Live Bingo Network and Best Bingo Network
These are more complicated to understand. We also think that this is done on purpose so that players are befuddled. You can only request one withdrawal in a five day period and the cap is £300 or 4x your average weekly deposit over a four week period – whichever is higher.
If you win a progressive jackpot on bingo or slots, they will pay you £1,000 per week only until you have had all of your money.
Cozy Bingo are a joke and bar a very limited amount of bingo rooms, we would recommend staying far away from a bingo site with this kind of withdrawal restriction policy in place.
New Dragonfish Bingo Withdrawal Rules
There are no daily, weekly and monthly withdrawal limits now listed in the terms and conditions. The only rule is that you can request a maximum of 10 withdrawals a day.
When it comes to jackpot prizes, the rules are slightly different. You will receive 24 monthly installments as per the T&C’s unless it is a Mega jackpot win on a Net Entertainment slot. In this case you will receive the money within 30 days of verification of the win.
Million Pound Bingo Game Payment Schedule
Please note: Should you be lucky enough to win over £250,000 on the Million Pound Bingo game, then the payment schedule will look like this:
£250,000 Bingo Game Prize
Monthly option, £4,166 per month (over 5 years)
Yearly option, £50,000 per year (over 5 years)
£500,000 Bingo Game Prize
Monthly option, £4,166 per month (over 10 years)
Yearly option, £50,000 per year (over 10 years)
£1 Million Bingo Game Prize Win
Monthly option, £5,556 per month (over 15 years)
Yearly option, £66,667 per year (over 15 years)
This annuity payment has always been the case on the Million Pound Bingo Coverall game. It is not a withdrawal limit per se, it is a payment structure that is advised to all bingo players upfront participating in the jackpot game.
With no withdrawal limits now the case at Dragonfish Bingo sites, we highly recommend visiting them as they are now even more player friendly than before.