I had the same email and requested they phone me which they did this afternoon.
They said to me that once this request is made you cannot deposit anything further.
I asked if I was ok to continue using the site as long as I deposited less than £500 a month (which I do)
I was told no and that I now have a limit of £0 until they received three months bank statements which is not going to happen.
So the £500 thing is a bit weird. It seems like if they ask for you this then the £500 a month is ilrevelant and you cannot actually use the site at all.
Shame as I have been with Novi for years and like the casino. However there is no way I am willing to send in three months bank statements. I would understand if I was a high roller but not for the small amounts I deposit.
Its mental, disappointing for me as wasn't far from the final Loyalty wager free bonus (£200) but cannot trust sending all that information, nor should I have to. I am willing to show salary going in, money going to them in deposits on statements and monthly total incoming and outgoings. But I'm not going to have every transaction I made in everyday life interrogated anymore (have previously been willing to) by someone who probably has no accounting skills, and how can I trust they won't sell on the information.
It annoys me more the escalation of request; first Wage slip, then bank statement showing deposits to their casino, then full
unredacted statements (just ask for all upfront so I can decide whether to follow through or not!). Yet I can get a mortgage or loan (which I'm obliged to make payments on each month) with less personal data provided but cannot have a deposit limit at a casino which I may or may not even use, and the money is mine and available at point of sale (deposit) without ridiculous scrutiny, probably by an unskilled party.
The system of providing PDF statements as proof is pointless anyway as I use Adobe Acrobat to redact the statements and could easily give myself a whopping bank balance if I wanted as can change every part of the PDF (would this count as fraud?) so the system of checking is flawed anyway. Might just doctor my Pay Statement and bank statements for fun and see what deposit limit I get. I'm quite content with £500, even lower but will not provide personal information anymore to justify whether I know my limits.