As things stand current bingo operators are still offering bingo bonuses to entice new
customers. However the £5 deposit bonus is a rare beast. Various rules have changed
recently, including the minimum deposit and withdrawal amounts. If a bingo site offers
you a minimum £5 deposit then it also has to allow a minimum withdrawal of £5. These
low
minimums can be costly for the site owner so it is easier to simply stick with a £10
deposit bonus and avoid having to change all the terms and conditions on the website.
One interesting change has been the advent in recent times of the 'wager free, winnings
paid as real cash' bonus offer. This can be found across numerous dragonfish sites. It
seems like a pretty good deal, and compared to a lot of other offers it is a pretty good
deal. However the headline offer can be a little misleading. The offer is usually
'deposit £5 get X free bingo tickets plus get 5 spins'. No wagering requirements is
excellent as is winnings paid as cash, so whats the catch? Well the winnings usually
have a cap somewhere between £1-£2 so you're hardly likely to get rich! So beware,
because if you're lucky enough to get a big win from your free spins you will not be
able to claim it. Equally some of these sites apply wagering requirements to just the
bingo bonus but not the free spins. It therefore always pays to check the terms and
conditions. It is also worth noting that sometimes bonuses like free spins expire!
One big rule change is not necessarily around the bonus structure, but more to do with
payment methods. As from April 2019 all UK players are no longer allowed to deposit by
credit card. This includes using a facility like PayPal or Neteller and this information
will be valid until further notice. The government and
gambling bodies believed that credit cards were leading to some bingo players developing
gambling addiction. The new rule changes around bonuses and the banning of credit card
payments is seen as a way of helping to stop problem gambling.
One thing is for sure. With these new changes and lack of bonus awards to 'try before
you buy' now could be the best time to try various bingo sites that have a low minimum
deposit amount such as £5. However if you're someone who still likes to bet big then
we'd recommend taking a look at www.topoftheshopbingo.com as it covers all kinds of
bingo sites and not just those with a lower minimum deposit.