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Best Sportsbooks US / FanDuel Review / FanDuel Payment Methods & Withdrawal Times

FanDuel Payment Methods & Withdrawal Times

Last Updated on 21/05/2024

FanDuel Withdrawal Times

fanduel vip programFanDuel has become one of the most popular online sports betting, casino and daily fantasy sports sites in the US today for a number of reasons. One of these reasons is because they have so many withdrawal options.

Players looking to make a withdrawal from their FanDuel betting accounts can do so by selecting a number of reputable methods on the platform. Our guide is here to show you what the methods are, how long they take to clear and how the whole process functions. Read the rest of our guide to FanDuel withdrawal options to learn more.

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FanDuel withdrawal methods and withdrawal times

FanDuel is a high-quality online sports betting site and home to some fantastic sportsbook promotions, but these kinds of betting sites are only as good as the deposit and withdrawal options that they make available for their players.

That is why it's important that there are enough FanDuel withdrawal options to meet the needs of every kind of bettor on the site. For this review, we took the time to go through the payments page on the site to see exactly what kind of FanDuel withdrawal options are currently available for players to use. Here is what we found:

Credit/debit cards - 2 business days Withdrawal Time

One of the FanDuel withdrawal options is a credit/debit card withdrawal. FanDuel includes all of the major banks in the US, namely:

  • Bank of America
  • Union Bank
  • Wells Fargo
  • Huntington Bank
  • Capital One
  • TD Bank

The 2 debit/credit options include Visa and MasterCard for now. The FanDuel withdrawal options may include some other reputable names, but for now these are the only 2 options. In order to make a withdrawal using a debit/credit card, you will have to have made at least one deposit with that card to date.

From there, your FanDuel withdrawal time for debit or credit cards will usually be about 2 business days. FanDuel will need 25 hours to process the withdrawal request as well. Your FanDuel withdrawal limit when using a debit card is currently capped at $10,000 per transaction.

PayPal - 24-48 hours Withdrawal Time

One of the most popular methods around at the moment is undoubtedly PayPal. PayPal is a fantastic withdrawal method to have handy for sports betting sites but it's not always an option on many of these platforms. Thankfully, players can use this method for their withdrawals at FanDuel.

PayPal withdrawals typically take up to 48 hours to be processed and cleared. FanDuel does note that it can take an additional 24 hours for your withdrawal transaction to clear, depending on the volume of traffic on the site.

Venmo - 24-48 hours Withdrawal Time

We don't really need to go into too much detail about Venmo here, as it operates almost identically to PayPal withdrawals on the site.

Online wire transfer - Less than 24 hours withdrawal Time

Wire transfers are one of the most effective ways to get your money out of your FanDuel account if you need it to reflect in your bank account quickly. If you submit your withdrawal request for wire transfer before 1:30 pm PST, it will reflect in your account by the end of the business day.

Unfortunately, that kind of speed does come at a cost, as you will need to pay a $15 processing fee if you opt for a wire transfer withdrawal. If you want to know how to transfer money from Fanduel to bank account, you can easily do so by:

Open your account profile: Click on the top right icon if you are using your computer or the bottom right icon if you are making use of the online app.

Choose withdraw: From there, you'll see the option for "Withdraw funds" on the interphase.

Choose your method of payment: You can now choose the Banking option to get your funds.

ACH (e-check) - 3-5 business days Withdrawal Time

This is not the most common way to withdraw your money, but there are plenty of bettors that prefer this method as it is very secure. For the most part, your ACH withdrawal time can take anywhere between 3-5 business days to reflect in your account.

Prepaid cards - 24 – 30 hours Withdrawal Time

Prepaid cards have become more and more popular for online sports betting as they are quick and easy to use. If you decide to make your withdrawals using this option you can expect to wait anywhere between 24 – 30 hours. From there, you can withdraw your winnings at any ATM with the card.

Fastest way to withdraw from Fanduel

While there isn't a particular "instant" withdrawal method on FanDuel, it’s noteworthy that the speed of your withdrawal is widely dependent on the withdrawal method involved. Nevertheless, Fanduel offers a very fast medium to withdraw funds.

PayPal generally offers the fastest processing time amongst the Fanduel withdrawal options, however, the exact time it takes for the funds to get to your account can depend on your bank's processing times as well.

How to withdraw money from FanDuel - a step by step guide

Now you can see just how many FanDuel withdrawal options you actually have available to you. With that many options, you should almost certainly find one that you prefer. So, now that we have that down, we’ll take you through the process of actually completing a withdrawal on the site as well.

Step 1

log in to your FanDuel sports betting account. From there, you need to navigate to the “withdraw” button in the “my account” section on the site. You will then be taken to the withdrawal page and everything from here is super easy.

Step 2

Once you are on the withdrawal page, you will see the section where you can enter the actual amount that you would like to withdraw from your sports betting account. Enter the amount and then choose the withdrawal option you would like to use from the list e.g. PayPal, Venmo, Mastercard, Visa etc.

Step 3

From there, FanDuel will then process your request and send you a notification that your transaction is in the process of being sent to your preferred account.

As we mentioned earlier, this processing time will vary depending on the method that you have chosen, but FanDuel is always very efficient in this regard. They almost never go over the expected waiting time, as you can find in the number of positive user reviews in this regard.

Fanduel withdraw limit

There is no Fanduel withdraw limit specific to any payment method; however, this is the general withdrawal limit:

Maximum Withdrawal Minimum Withdrawal
$10,000 - Per transaction
(for transactions over $10,000, we recommend you try wire withdrawal method)

$10 - per transaction

FanDuel Withdrawal Declined?

Some individuals slide in with a regular complaint: "FanDuel won't let me withdraw". Well, there are some factors that can limit or affect your withdrawals at FanDuel and they include:

Attempting to withdraw a bonus

Bonuses and other promotional offers must only be utilised on bets or entries for competitions and cannot be withdrawn or  cashed out.

Wrong address information when making withdrawals with checks

FanDuel is only able to send checks to the verified and valid address linked to your account. While you won’t be able to update your address because of some state laws and regulations, you can still withdraw through PayPal or another method that doesn’t need your recent address.

Attempting to withdraw deposited funds that have been used

You may be declined because you are attempting to  withdraw deposited funds that have been used. If you make a deposit on FanDuel, you can access your unused deposits for refund or to return to your choice payment method. 

Bank, PayPal, Venmo, or other account problems

 You're only allowed to withdraw funds to accounts you've used for a deposit. If you deposit with account A and want to withdraw with account B, the transaction will be declined. Ensure to withdraw only from the account with which you made your deposit.

Frequently asked questions about FanDuel withdrawals

There are many sports betting fans that have begun to use FanDuel and have questions about how the withdrawals on the site work. That is why we felt it was a good idea to compile some of the most frequently asked questions in our guide. Here are what your fellow FanDuel users have been asking:

Do I have to use the same method to withdraw that I did for my last deposit?

Yes, when it becomes time for you to make a withdrawal, you will need to use the method that you used to make your most recent deposit. This seems strange but it is in the interest of all parties concerned as it is safer and it makes the processing times for your requests much quicker.

Are there any transaction fees for withdrawals on the site?

For the most part, all of your withdrawals will be free on the site. However, if you do decide to make a withdrawal using a wire transfer, you will have to pay $15 for the process. This seems to be the only option with any fees attached to it.

How to cancel a withdrawal on Fanduel?

Cancelling withdrawal at Fanduel is possible within the processing time. Here's how to try cancelling a withdrawal:

Step 1

Log in to your personal FanDuel account

Step 2

Locate the Account section or Cashier section

Step 3

Navigate to the "Cancel Withdrawal" option and cancel the withdrawal

What is the average processing time for withdrawals on the site?

It's difficult to give you an average processing time, as each withdrawal method has its own timings. With that said, it would appear that a FanDuel withdrawal to bank accounts takes somewhere between 24 – 48 hours to clear in your account.

Are FanDuel withdrawals secured with security software?

Yes, FanDuel uses strong encryption software to keep all of your withdrawal transactions safe. You don't need to worry about the safety of your funds on the site.

Conclusion to our FanDuel withdrawal options guide

As you can see, FanDuel makes a number of withdrawal options available to their players. Their processing times are speedy and the transactions themselves are more than safe with the software that the operator has in place to protect your funds.

You should have no problem finding a method on the site that you prefer. To find out more about FanDuel,for instance, the latest FanDuel promo code, check out our full review of the operator.

FanDuel withdrawal options FAQ

❓What withdrawal methods can I use at FanDuel?

At FanDuel you can withdraw your funds through Debit Card, FanDuel Prepaid Play+, Online Banking, Venmo, Cash at Counter, PayPal, and Check.

💳Are there any transaction fees I need to pay?

At FanDuel, you don't need to pay any transaction fees for your Withdrawals or your Deposits. Transactions are absolutely free.

🔐Is FanDuel safe to use?

Yes, FanDuel is safe to use. It is all good and have a decent number of withdrawal options to use which are optimally secure and safe.

🧲Is there a Fanduel instant withdrawal?

No, there is no instant withdrawal option available at Fanduel. However, Fanduel offers a very fast medium to withdraw funds at any time.

⌚How long does Fanduel withdrawal take?

Before attempting to withdraw money at FanDuel, it’s noteworthy that the operator can take up to 24 - 48 hours to process and approve your withdrawal request. This is a policy that ensures optimal safety and protection for all the users.

📲Can you withdraw money from FanDuel to Cash App?

Yes, it is possible and easy to withdraw from FanDuel to Cash App. It is quite seamless and gives an extra layer of safety for your winnings. Although it has some limitations compared to other withdrawal options, familiarising with its process is vital for an exceptional betting experience.

🏦What banks work with FanDuel?

FanDuel includes all of the major banks in the US, namely: Bank of America, Union Bank, Wells Fargo, Huntington Bank, Capital One, TD Bank.

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