Online bill pay deposits allow customers to fund their online betting accounts quickly and easily without revealing their private financial details.

Bettors simply choose an amount to deposit and approve the transaction by logging in with their existing online banking usernames and passwords. Thus, bettors never have to share their accounts numbers or other financial information.

Read on for all the details.

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Most online sportsbooks accept online bill pay deposits, although some call it PayWithMyBank, online banking transfer, or other names. Whatever it’s called, the basic concept is the same: it’s like an ACH transfer, but customers do not have to share their bank account and routing numbers to complete the transaction.

In addition to privacy, online bill pay deposits offer the advantage of simplicity. Customers do not need a credit card, debit card, or an account with a third-party e-wallet such as PayPal.

The only things bettors need are a bank account and access to their bank’s online banking feature. Here’s how a typical online bill pay betting deposit works:

  1. Log in to your online sportsbook account
  2. Visit the cashier and select “online bill pay”
  3. Select your bank from the list of supported banks
  4. Enter an amount to deposit
  5. On the next page that loads, enter your online banking username and password
  6. Your sportsbook will receive the funds immediately

Banks That Work With Online Bill Pay

In the past, online bill pay only worked with national bank chains, but now customers can deposit from almost any bank. BettingUSA will list some of the larger supported banks below, but most bettors should have no issues depositing no matter which bank they use.

For example, BetMGM Sportsbook supports online bill pay deposits from more than 1,000 banks, including major institutions such as:

  • Chase
  • Bank of America
  • Wells Fargo
  • PNC Bank
  • TD Bank
  • US Bank
  • Capital One
  • Navy Federal
  • USAA
  • Chime
  • Citibank
  • HSBC
  • SunTrust

How To Make An Online Bill Pay Deposit

Making an online bill pay deposit is easy because sportsbooks walk customers through it step by step. As long as bettors have a bank account and a way to log in to check their balance, they have everything they need to get started.

The exact process may vary slightly from one betting site to the next, but it generally works as follows.

First, customers log in to their betting accounts and select online banking as their deposit method. There, they can input an amount to deposit:

online bill pay deposit 1

Next, the sportsbook redirects users to a secure page hosted by their bank. On this page, customers log in using their existing online banking credentials (the same username and password they use to check their account balances).

online bill pay deposit 2
online bill pay deposit 3

Last, the customer chooses an account to fund the transaction and taps or clicks the deposit button.

online bill pay deposit 4

Online Bill Pay Pros And Cons

Online bill pay is a straightforward deposit method without too many cons working against it as long as bettors bank with a supported financial institution.

Online banking is one of the easiest deposit methods available to customers if they have access to online banking. All bettors need is their existing online banking login info, and they can fund their betting accounts instantly for free.

Not every bank works with online bill pay, but most do. Betting sites and mobile sportsbooks have massively expanded the banks they support in recent years, and now most users will have no problem funding their accounts.

Bettors whose banks are not supported have to use a different deposit method. However, the standard ACH transfer is almost as easy, and it is also fast and free.

Online bill pay deposits do not require customers to input their bank account information, credit card number, or other financial details. All they have to do is log in with their existing online banking information on a secure connection to approve the deposit.

After they are done betting, customers can withdraw their funds back to the same account they used to deposit. Online banking withdrawals are fast, free, and straightforward.

Mobile betting apps tend to offer flexible online banking deposit limits. For example, BetMGM Sportsbook allows customers to deposit up to $25,000 per transaction via online bill pay.

Online bill pay transfers do not require customers to sign up for an account and remember yet another password with a third-party e-wallet such as PayPal. Instead, customers users their existing online banking login information to initiate and approve all deposits.

Bill Pay Frequently Asked Questions

And finally, here are some answers to frequently asked questions about online bill pay deposits.

Some sportsbooks use the terms interchangeably, but online bill pay deposits as discussed on this page are not the same as online bank transfers.

The online bill pay method does not require customers to submit their bank account numbers to their betting sites at any time. Instead, bettors use their existing online banking login information to complete the deposit. Additionally, although online bill pay is compatible with most banks, it does not work for all banks.

By comparison, online bank transfers (also sometimes called ACH/eCheck deposits) require users to submit their bank account and routing numbers. Whereas online bill pay is only compatible with most banks, ACH transfers are compatible with all banks.

Most banks are compatible with online bill pay, but bettors can find out for sure by logging in to their betting accounts and attempting to deposit.

Bettors unable to deposit with online bill pay must choose a different deposit method. The next closest alternative is the ACH transfer, which is free and works with all banks.

There are a few reasons online bill pay deposits may fail. First, bettors should double-check to ensure they have enough funds to cover the transaction.

Another possibility is the customer hasn’t yet activated their online banking feature. Bettors may only deposit with online bill pay if they can log in to their bank’s website to view their account balances and pay bills. If this is the case, the bettor can simply call their bank to activate an online banking account.

If that doesn’t solve the issue, customers should check to see if their bank has two-factor authentication activated. They may need to temporarily deactivate two-factor authentication when funding their online betting accounts. Customers can tell they have two-factor authentication if they always receive an access code via text message whenever they log in to their online banking accounts.

If none of the above suggestions solve the issue, the next best option is for bettors to call their bank’s customer support team. Sometimes online bill pay transfers don’t work because their bank doesn’t recognize the transaction or due to other unknown reasons. A phone call to customer support should resolve the issue.

Yes. Online bill pay is safe as long as bettors stick with licensed online sportsbooks and gambling sites. At no point do customers reveal their online banking information, which decreases the odds of someone gaining unauthorized access to their accounts.

Yes. Bettors can withdraw via online bill pay at most betting sites. If not, bettors can almost always withdraw via ACH transfer, which is just as fast.