The bank transfer is a fast and easy way to fund an online betting account in the United States. Bank transfer betting deposits are free, instant, and widely accepted. Additionally, customers can withdraw their winnings via bank transfer when they’re done betting.

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Online sportsbooks generally accept two types of electronic funds transfers (ETFs). The fastest and easiest is the ACH or eCheck deposit, which takes just a few seconds to complete.

Some betting sites also accept wire transfer deposits, which are better for large transactions but require more effort on the part of the customer. BettingUSA will explain how both types of bank transfer deposits work on this page.

Online Bank Transfer Betting Deposits

Online bank transfers allow customers to move funds directly from their personal bank accounts to their online betting accounts.

Mobile sportsbooks offer instant bank transfers under various names. There are subtle differences between some bank transfer options, but the basic idea is the same. Customers input their bank account and routing numbers, choose an amount to deposit, and instantly receive credit so they can get to betting.

Below are explanations of the most common types of instant bank transfer deposits.

ACH and eCheck Deposits

Anyone with a bank account and use an ACH/eCheck deposit to fund their online betting account within minutes. Sportsbooks credit eCheck deposits to customers’ accounts instantly, so there is no wait, but it may take a few days for the transaction to show up in users’ statements.

Making an ACH betting deposit is easy:

  1. Visit the sportsbook of your choice to log in or sign up for an account
  2. Visit the cashier and select ACH/eCheck
  3. Input your bank account and routing number
  4. Select an amount to deposit and submit the transaction

The sportsbook may ask for additional information from customers making their first deposits, which is required by state and federal Know Your Customer (KYC) laws. After customers verify their identities and successfully deposit, all future transactions are even faster.

For example, the following screenshot shows the information requested by one sportsbook for a customer’s first deposit:

bank transfer betting deposit

For those who don’t know their bank account and routing numbers, the easiest way to find them is to look at a blank check from their checkbooks. The left-most number on the bottom of the check is the routing number, and the one to the right is the bank account number.

Example:

eCheck information

Online Bill Pay and PayWithMyBank Deposits

Online bill pay and PayWithMyBank are two names for a deposit method similar to but not quite the same as an ACH/eCheck transfer.

Most sportsbooks offer online bill pay deposits as a way for customers to quickly deposit without having to share their checking account and routing numbers.

When customers choose this method, they simply input an amount to deposit, and the sportsbook launches a secure page hosted by their bank. There, customers log in with their existing online banking information to approve the transaction.

The process works like this:

  1. Visit your preferred sportsbook and log in or sign up for an account
  2. Select “online bill pay” or “PayWithMyBank”
  3. Input an amount to deposit
  4. On the new page that opens, log in with your bank’s online banking credentials
  5. The sportsbook will instantly credit your betting account with the deposit

There are two advantages to online bill pay. First, customers do not need to find their checking account and routing numbers. They can simply log in using their bank’s online banking feature to approve the deposit.

Second, online bill pay provides additional privacy because customers never share their banking info with their sportsbooks. After users approve the transaction, their bank sends the funds to the sportsbook without sharing their checking account or routing numbers.

The disadvantage is that online bill pay does not work with all banks. Users must choose their bank from a dropdown menu to initiate an online bill pay deposit. If their bank doesn’t appear on the list, they must use a standard ACH deposit or another method.

VIP Preferred Deposits

Many sportsbooks offer ACH and eCheck deposits through VIP Preferred, a cashless gaming platform powered by Global Payments that serves more than 500 land-based casinos, online sportsbooks, and gambling sites in the US.

Some of the more popular betting apps that accept VIP Preferred include:

The first time a bettor deposits with VIP Preferred, they must enroll in the program to establish an account. Once registered, customers can use VIP Preferred ACH transfers to instantly fund their betting accounts and receive quick withdrawals from online sportsbooks that support VIP Preferred.

VIP Preferred’s in-house risk analysis team institutes custom deposit limits for each customer. Bettors may contact VIP Preferred 24/7 to request higher limits.

Benefits of VIP Preferred include fast transactions at many online sportsbooks, free deposits and withdrawals, enhanced privacy because it does not share banking information with betting sites, widespread acceptance, and high successful deposit rates.

EZMoney Deposits

EZMoney is an ACH deposit method popular among horse racing betting sites. Customers can register with EZMoney and make their first deposit within minutes, and future transactions are even faster.

Depositing with EZMoney is a straightforward process: customers input their bank account information, fill out a registration form, and may use it from there on out to make fast online deposits with no fees.

Two legal online racebooks that accept EZMoney include:

EZMoney is free to use and allows customers to deposit up to $1,000 every five days from customers’ checking or savings accounts.

Pros and Cons of eCheck Deposits

Overall, eCheck betting deposits offer numerous updates and few downsides. As long as the customer has a bank account and money to spend, the eCheck is a convenient and free way to bet online.

ACH deposits bypass credit and debit cards entirely by moving money straight from customers’ bank accounts to their betting accounts. For bettors unable to deposit with a credit or debit card for any reason, the ACH transfer is an excellent alternative that is free and just as fast.

To make a betting deposit via ACH or eCheck, customers must share their bank account and routing numbers. State law holds licensed online sportsbooks to high security standards, but it is also true that not even the largest companies in the world are immune to the occasional security breach.

Bettors can limit their exposure somewhat by using sportsbooks that support online bill pay or VIP preferred deposits. Both methods complete deposits without exposing customer information to the receiving betting site.

ACH and eCheck deposits are among the fastest deposit methods. It may take a few days for the transaction to show up on customers’ statements, but online sportsbooks instantly credit their betting accounts, so there is no wait.

Legal US betting sites process ACH and eCheck deposits for free. Some banks may charge a fee, but even that is exceedingly rare. In most cases, bettors pay nothing to fund their betting accounts via ACH transfer.

Some banks automatically decline all transactions related to online gambling due to perceived fraud and chargeback risks. For bettors unable to deposit with their credit or debit cards, ACH transfers are the answer. Online bank transfers are free, just as fast, and usually successful.

Echeck Betting FAQ

Below are answers to questions bettors often ask about funding their accounts with ACH transfers. Readers can also contact their sportsbooks’ customer support teams for additional help. Most legal US betting sites employ courteous and knowledgeable support reps.

Many people use the terms “ACH” and “eCheck” interchangeably, but there are subtle differences between the two.

The term “ACH” is short for automated clearing house. It describes the process by which financial institutions move money from one bank to another with the help of an intermediary (the ACH network). ACH payments take a few days to complete, but betting sites usually credit customers with the funds instantly.

The term “eCheck” is short for electronic checks. While ACH describes the process, eCheck describes a type of ACH payment. The form customers fill out and the information they submit when initiating an online payment is the eCheck.

From the bettor’s point of view, it is a distinction without a difference. Whether a betting site advertises ACH transfers or eCheck deposits, the funding process is the same.

The standard operating procedure for mobile betting apps is to verify the identity of every player.

State and federal laws require online sportsbooks to verify that every customer is (a) who they say they are, (b) of legal age to gamble, and (c) physically present in a jurisdiction that allows online gambling.

Some bettors may find it disconcerting to share private information online, but legal betting sites have no choice in the matter. Online sportsbooks may require customers to supply this information upon their first deposit or withdrawal.

Mobile sportsbooks ask for customers’ SSNs for the same reasons as detailed in the above question and answer. Every licensed operator must verify every customer’s age, identity, and location to prevent access to minors and other restricted participants.

Yes. The ACH transfer is one of the most convenient withdrawal methods because it is free, fast, and reliable. After customers initiate a withdrawal request, sportsbooks take a day or two to approve the transaction and send the money straight to their bank accounts within a few business days.

Wire Transfer Betting Deposits

The wire transfer is not a widely advertised deposit method because it requires additional legwork on the customer’s end. For the most part, betting sites prefer to direct customers to more convenient options to encourage deposits.

Still, wire transfers are an option at most sportsbooks, even if they do not list it as an option inside their cashiers. Bettors who need to make very large deposits can contact their betting sites for more information, but the customer support team may still recommend a different method.

Wire transfers can be useful for high rollers because they support substantial transactions, but customers still need to contact customer service to inquire about deposit limits.

The primary downside to wire transfer deposits is the extra effort they entail. Customers must contact the sportsbook for transfer details and then call or visit their bank to initiate the transfer.

Additionally, most banks charge $20 or more to send wire transfers. Unless it is a large transfer, most customers will find it more efficient to fund their accounts via credit card, debit card, or ACH transfer.