Yes, deposit and withdrawal limits are very common at online casinos. The goal is to protect customers from overspending for the most part. In the majority of the cases, deposits are always set at a higher limit than withdrawals.
Some casinos prefer both matched, but you will usually be able to withdraw less than you can deposit into the casino. Lastly, some casinos will provide no limits on specific payment methods. However, you are advised to think twice and make sure you are playing at a reputable casino before you deposit.