One aspect that makes up a good sportsbook is the variety of withdrawal options you have at your disposal. In the case of several options, it becomes easy for you to withdraw your money from your FanDuel account. Hence, if you are fortunate to find your groove in the daily fantasy sports at FanDuel, you will need to withdraw your funds at a later stage. So you will want to know How Long Does FanDuel Withdrawal Take? Moreover, if you have not decided yet to move up your stakes, you will want to take some money off the table. You may need some extra money to withdraw your funds from DraftKings as well.
So when you are all set and cash out, you should check out the daily posts. Besides, there are some other options that you can check out to get the most out of your funds or winnings you have just cashed out. Henceforth, if you want to know how long does FanDuel withdrawal take? This article is for you. In addition, when people especially friends play various games, they make some good bets as a source of entertainment.
FanDuel Sportsbook Various Payment Methods
You have a variety of options for depositing and withdrawing funds with FanDuel. But unfortunately, some banks do not give you these facilities. Besides, some banks do not authorize transactions with gambling companies. Therefore, you should make sure that your bank accepts deposits to FanDuel.
Which Are The Restricted Banks?
The following are some restricted banks that do not accept transactions through gambling companies:
- Capital One
- Bank of America
- Most Prepaid Cards excluding FanDuel Card
- Huntington Bank
- Union Bank
You should check with your bank since many other banks do not authorize gambling transactions. Moreover, bank terms and conditions may change at any time. Hence, it is necessary to confirm with your bank. Currently, Wells Fargo and TD allow transactions with online gambling and wagering companies.
The following are some deposit options:
- FanDuel Prepaid Card
The following are some withdrawal options:
- FanDuel Prepaid Card
- Check by Mail
You may see some more deposit and withdrawal options in the future. But now, the FanDuel Prepaid Card is the easiest option to handle deposit and withdrawal requests. But there are some deposit limits for FanDuel Prepaid Card as well.
The Deposit Limits For FanDuel Prepaid Card
The following are some deposit limits for the FanDuel Prepaid Card:
Standard FanDuel Prepaid Card
The deposit limits for Standard FanDuel Prepaid Card are as follow:
Daily Deposit Limits
The daily deposit limit is $2,000 for Standard FanDuel Prepaid Card.
Weekly Deposit Limits
The weekly deposit limit is $4,500 for Standard FanDuel Prepaid Card.
Monthly Deposit Limits
The monthly deposit limit is $10000 for Standard FanDuel Prepaid Card.
VIP FanDuel Prepaid Card
The deposit limits for VIP FanDuel Prepaid Card are as follow:
Daily Deposit Limits
The daily deposit limit is $10,000 for VIP FanDuel Prepaid Card.
Weekly Deposit Limits
The weekly deposit limit is $30,000 for VIP FanDuel Prepaid Card.
Step-By-Step Guide For Deposits and Withdrawals
You can follow these easy ways to withdraw your funds or winnings from your FanDuel Account:
- You can log in to your account in the FanDuel application.
- Then you can choose the eligible payment method.
- After that, you require to enter the amount you want to deposit or withdraw.
- Then you need to confirm the transaction.
- So deposits are available immediately for your use. But withdrawals may take some time.
What Are The Multiple Options Available For FanDuel Withdrawal?
FanDuel keeps the process of withdrawing money quite easy for the customers. Besides, there are two wide options that you can use are checks or PayPal. Most players withdraw their funds from Faduel by using any of these two methods.
So if you have deposited your money by using PayPal, you can withdraw your money using the same PayPal account. But you may need to have extra checks if the account is different from the account used for making deposits.
Moreover, the players get their amount promptly. However, if you want to withdraw your funds quickly, you will likely use the option of PayPal. It will take almost forty-eight hours to complete the process of withdrawal of funds when you are using PayPal. Besides, checks will take almost seven to ten business days to complete the withdrawal process. Indeed, it is quite a slow process because of its non-electric type.
Important Point To Note
You should be aware that FanDuel makes some anti-fraud checks before processing the withdrawal. So FanDuel may ask you for further additional documentation to process your withdrawal request. Therefore, you should be careful that if you have received other benefits or bonuses from your deposits. Besides, be aware that if you have not generated enough play, FanDuel may block your withdrawal request.
Taxes On The FanDuel Funds Or Winnings
Federal Law in the United States requires that FanDuel and the other companies of a similar nature issue 1099 for all the winnings over $600. Besides, all US citizens must pay taxes on winnings less than $600. But 1099 is not issued in this case. Moreover, the amount of $600 is based on net winnings; hence you will have to pay taxes on the above deposit amount. It is good news for all the players.
How Long Does FanDuel Withdrawal Take?
You can withdraw your funds or winnings anytime using PayPal, Check, Online Banking, Venmo, and Prepaid Card. Besides, online banking will take almost three to five business days to process your withdrawal request. Moreover, if you withdraw your funds by using a check, it will take almost seven to ten business days to process after its approval.
But you should remember one important point that you cannot use Prepaid Card, Online Banking, PayPal, or Venmo unless you have deposited your funds by using that method in the past. In addition, if you have deposited by using several methods to withdraw, you will get the facility to use all the available options to withdraw your funds or winnings.
How Long Does FanDuel Withdrawal Take? Different Requirements For Various Mediums
Different methods have various requirements that you need to fulfil if you want to withdraw your funds, such as:
Withdrawal Through Visa Debit
Withdrawal through Visa Debit is an easy medium. It will take almost twenty-five hours for processing. Further, it is an exciting facility. So in the Visa Debit withdrawals, you can withdraw your funds by using the same Visa Debit card that you can use to make deposits.
Furthermore, withdrawals are available on your card twenty-five hours after processing. Moreover, you have the option to cancel the pending withdrawals at any time during twenty-five hours. Besides, you need an existing card on file that you used for the deposit before making a withdrawal. You can withdraw the maximum amount of $10,000 per transaction.
It is advisable to use a wire withdrawal for all transactions with more than $10,000. Also, here is the information on wire transfers: card withdrawals are like the same banking restrictions as card deposits. If you cannot use your card for funding online wagering, you cannot use that same card for withdrawal purposes.
Check Withdrawal Requests
Usually, check withdrawal requests are processed from Monday to Friday. But they do not process the check withdrawal requests on the federal holidays. Moreover, you can make the check withdrawal requests up to 11:59 PM the last night. It will process the procedure the next morning.
Furthermore, you must make cancellations of pending check withdrawal requests before 5:00 AM on the processing date. You will get an email from Salt Lake City, Utah, through US mail. It will take almost three to ten business days to arrive your check. Also, it depends upon the city of your location. Checks having the amount of more than $10,000 are usually sent E-Certified.
You can withdraw your funds through wire transfer as well. It will arrive on the same day or the next business day. Also, you will have to pay the fee of $15. Besides, if they get your request before 3:00 PM PST, you should receive your funds in your checking account at the end of that particular business day. Moreover, wire transfers that you request after 3:00 PM PST are usually processed on the next business day.
-You can simply print out the wire transfer form requesting this facility to withdraw your funds. You need to complete the form and sign it. After that, you will scan it and email it to [email protected]. Besides, you can fax it to the toll-free fax number is 1-866-296-0107.
TVG Prepaid Card
If you have your TVG or FanDuel prepaid card, you can withdraw your funds by using this prepaid card as well. But the status of this TVG prepaid card should be active. Moreover, you can use the card to withdraw funds at an ATM. It is accepted anywhere you can use the Discover Card. Besides, it will take almost twenty-four to thirty hours to process your withdrawal request. But you may have to pay some fees if you want to withdraw your funds by using TVG prepaid card. So this method is not free in that case.
If you have the setup of an eCheck account, you have the option to transfer the funds electronically from your TVG account to your checking account. Besides, if you have never used the eCheck option to deposit your funds, you will require to set it up. So there are two ways to set up the eCheck account that are as follow:
You need to fill out the eCheck authorization form. After completing and scanning this authorization form, you need to email it along with a copy of a voided check at [email protected]. In addition, you have the option to fax it at 1-866-296-0107.
PayPal is another free medium to withdraw funds from FanDuel. So if you have made a PayPal account previously, this account is saved on your TVG account. Hence, it is available for withdrawal purposes. Besides, it will take almost twenty-four to thirty hours to withdraw funds through PayPal.
How To Make A Withdrawal From FanDuel?
The process of withdrawing money from FanDuel is easy. Besides, it will take only a couple of minutes for completion. First, you need to sign in to your account. Then after signing in, you will see your account name at the top of the page. Moreover, you can click on the down arrow to see the available option in your account. Then you need to click on withdrawal.
Furthermore, from the Request Withdrawal page, you need to select the methods you would like to use for withdrawing your money, either check or PayPal.
You require to fill out the details that is the amount you like to withdraw. Besides, you will need your PayPal email address or amount and address for the check. So you can submit the withdrawal request and receive your payment within two days with PayPal and within ten days by using the check option.
Various Payment Methods That You Can Choose
There are various payment options at FanDuel Sportsbook that you can use to deposit into your account or a withdrawal. Each method has its minimum and maximum limit. Besides, withdrawals can take up to seven working days depending upon the method you select.
But many banking institutions do not permit transactions to and from gambling companies. Hence, you need to check this status from your bank whether they allow you to make this transaction or not. Moreover, you should check whether you will have to pay a certain fee for this transaction or not.
When Is It Necessary To Use FanDuel Prepaid Card?
You require to use a FanDuel Prepaid Card to make a FanDuel deposit for the first time of your FanDuel Sportsbook payment option. This is useful for you specifically when your bank does not allow payments directly to the gambling companies. Besides, deposits using this method are added to your FanDuel account on an immediate basis. Furthermore, a bank transfer is another option if your bank allows you.
In addition, you can use checks as an option for FanDuel Sportsbook payment. Moreover, you can use cashier checks, personal checks, money orders, bankers’ drafts, or ACH for electronic fund transfers.
You can use FanDuel Prepaid Card, PayPal, check, eCheck, debit cards, and credit cards to withdraw your money from your FanDuel Sportsbook. Besides, withdrawals can take anywhere between twenty-four hours and seven business days, depending upon your particular method of withdrawal.
Limits For Deposit And Withdrawal
Additionally, there are some maximum and minimum deposit and withdrawal limits as well. FanDuel Sportsbook has set these limits. Further, you can check these limits on your account page.
Customer Support Service
Sometimes, you need customer support services. So you can contact FanDuel customer support in multiple ways whenever you have an issue with any of the payment options available at FanDuel Sportsbook.
First, it is necessary to check the Help menu before contacting the team member. But if you do not get your answer here, get in touch with a customer support member. Besides, you can communicate with the team member through the FanDuel Live Chat service available 24/7.
Moreover, you can email the team. But you should make sure that you have included your FanDuel username in the email. This service is available 24/7. So you will not have to wait longer for a reply. However, if you prefer to talk to someone on the telephone, this option is also available for you. Otherwise, you can write to the customer service through the email address. In addition, FanDuel features a variety of payment options and good customer support.
Wrapping It Up How Long Does FanDuel Withdrawal Take
FanDuel Sportsbook is an amazing and impressive platform on mobile and desktop. Besides, the FanDuel Sportsbook app is available on Android and iOS. Hence, it is a great platform to play. Also, you can register from the app. But make sure that you read all the terms and conditions. So feel free to register and try out this fantastic platform. We hope that you will enjoy the plenty of services that they offer to various types of players.
Moreover, if you ask how long does FanDuel withdrawal take? The answer is that it may take anywhere between twenty-four hours and seven business days, depending on your chosen method of withdrawal. Besides, there are multiple options available for withdrawing your funds from your FanDuel Sportsbook account. After reading this article, we hope you will not face any inconvenience regarding deposits and withdrawals in the FanDuel Sportsbook account.