FanDuel is one of the top sportsbooks that operates in the United States. They offer the sports fans a chance to take part in different tournaments and play various games to win a certain amount of cash prize. For many sports fans, FanDuel is the first choice to visit to place any bets regarding sports.
Fans can bet on their favourite teams, league, and sports games. Since this platform needs to have you use real money to place bets, there has to be a way to insert and take out cash from your account. If you have used FanDuel before, then you might be thinking about how to transfer money from fanDuel to bank account. And we will be discussing that now.
Can You Transfer Money from FanDuel Balance to Bank Account?
FanDuel operates with real cash from people as they are used to bet on various games. When you open a FanDuel account, you will see that the website asks for a lot of verification from the account owner.
FanDuel also asks you to enter your credit or debit card details into the account so you can use the cash for placing bets. Your bank account must allow placing bets online, or else you cannot use that account for FanDuel.
For withdrawals, FanDuel takes little time. They clear the money for withdrawing almost instantly, and most of the withdrawals are made for free unless it is a wire transfer. Also, to ensure the money transfer is successful, you must use the same account you used to make your recent deposit.
How to Link FanDuel to Bank Account?
Even though there are other ways to place bets on FanDuel, except for linking your bank account, it is one of the easiest ways. You can withdraw the cash anytime you want if your bank account is linked with FanDuel. Follow these steps to link your FanDuel account to a bank account.
- From the screen’s bottom right corner, tap “Account Balance.”
- Select “Add Funds.”
- You have to select a specific online banking option: your money depositing method.
- Now, you must enter the amount of money you want to deposit.
- Then, choose the bank account you would like to use.
- log in to your bank account from the app by entering your username and password.
- Your bank account has been linked with your FanDuel account. You can start depositing money to your FanDuel account immediately or after some time.
How to Transfer Money from FanDuel to Bank Account?
Withdrawing money from your FanDuel account to the bank account is easy, but it takes some time for the money to get transferred from the bookie to your account. Follow these steps to transfer deposited money from FanDuel to your bank account.
- Log in to your FanDuel Sportsbook account from the mobile app.
- Go to the profile icon and go through the settings.
- Find the “withdraw” button and select it to transfer cash.
- Choose your preferred payment options from one of the accepted FanDuel sportsbook options.
- Enter the amount of cash you want to transfer to your account.
- Confirm the transfer and wait for your bookie to send you a confirmation of the transfer.
After the confirmation, wait four to five working days to receive your money in your bank account. Then you can withdraw the cash from an ATM.
List of Other Ways Withdraw Money from FanDuel
Apart from using your bank account to withdraw money from FanDuel, there are other ways to withdraw cash from this site. FanDuel has opened many ways for their customers to deal on this site so that none of their customers has to face any issues while placing bets.
You can also change your payment option anytime from the app if your account is verified and all the payment options are authenticated. Here are some of the ways you can transfer money from FanDuel.
- Credit card withdrawal
- Debit card withdrawal
- PayPal
- Venmo
- E-Checks
- Prepaid Cards
- Online wire transfer
- Checks
The different withdrawal options take various time durations to be transferred; some can take hours, while others take days. For transfers, they also take different charges for each of the transactions. The limits for transferring cash also vary across the different payment methods.
Is FanDuel with Bank Account Safe?
When dealing with money online, companies ensure that your personal information is kept a secret. This will be beneficial for them in the long run, and you will also have a good experience when you use their website.
FanDuel uses various security measures and procedures which help to protect your identity and information. As you deal with various people on the FanDuel website, it is always a good idea to never overshare and disclose personal information.
In such cases, FanDuel does not take any responsibility if someone tries to hack or invade your personal property. Such gambling sites do not have any safety issues because they prioritise the safety of their consumers. Most people link their credit or debit cards and other vulnerable information with FanDuel.
Final Words
FanDuel is a popular site for people interested in gambling and who like to place bets on various teams, leagues and sports games. Even though the company started very recently, they have gained much popularity over the past few years. You can open a FanDuel account using their website or mobile app, but you must be an adult.
FanDuel is a fun place to blow off steam, but some people would like how to transfer money from FanDuel to bank account for various reasons. You should be aware of certain things before going through them, and we have discussed them in this article.
Frequently Asked Questions
To withdraw money from any website, you must wait at least four days to receive your money in your bank account. For FanDuel, the average time it takes for them to send money to your bank account is between five to seven working days. Sometimes it takes more if many people request a withdrawal at once. Wait for at least ten days before issuing a complaint to their authorities if you have yet to receive your money.
FanDuel allows you to withdraw money from the FanDuel account to your debit card if you have used the same debit card for depositing the money. Suppose you are trying to withdraw FanDuel money using another debit card. In that case, it might cause problems as they want to verify your identity first. For debit cards, you can only use a Visa or MasterCard currently. It will take up to 25 hours to process the withdrawal request, and you cannot withdraw more than $10,000 from FanDuel to a debit card for one transaction.
Withdrawals from FanDuel are capped at $25 in the majority of states. There is no hard and fast withdrawal restriction on FanDuel, but your chosen payment processor probably has one.
The sole prerequisite is a legitimate sportsbook account on FanDuel. You must produce identification that verifies your identity and your minimum legal age (often 21 in the United States) before completing any transactions, including withdrawals, if you have registered.
When it comes to security, authenticity, and trustworthiness, FanDuel Sportsbook scores a perfect 100. FanDuel Sportsbook is one of the most well-known daily fantasy sports (DFS), online casino, and sports betting platforms in the United States, and it is now operating in 18 states.
Amanda Smith is a professional personal finance and sustainability writer who enjoys writing about everything from Banking to unique Financing options like all kind of banking and Personal finance. You can find his work on sites like Transfer Money, Debit card, Credit Card.