FanDuel Withdrawal Methods and Processing Times

You will be happy to know that making a FanDuel withdrawal is a straightforward process, they are also one of the fastest paying sportsbooks available. Indeed, FanDuel withdrawal at the sportsbook is as simple as making a deposit and placing a bet at FanDuel. Creating an account, adding funds to that account, and then making a withdrawal request is a speedy process that is crucial for any sports betting site in the United States. Please note you will need to make sure you verify your account before being able to withdraw, and this may require you to send over some documents.

So, you have created your account, used your opening bet, and now want to cash out your winnings. This article covers the withdrawal procedure at FanDuel, including the FanDuel withdrawal limit, FanDuel withdrawal fees, FanDuel withdrawal options, and how long does FanDuel withdrawal take.

It is that easy to get your winnings. Please note that the minimum withdrawal amount on the FanDuel sportsbook is $25. You don’t need to be in a FanDuel legal state to withdraw funds from your account.

When your request has been submitted, FanDuel will send you an official withdrawal confirmation. If you notice you have done something wrong, you can cancel the process. In this instance, make sure you cancel straight away so the withdrawal does not go through.

If you are experiencing any FanDuel issues when withdrawing, there is help on the website in the form of a frequently asked questions section. Alternatively, you can email their customer service team via support@fanduel.com. Common issues include a status of FanDuel withdrawal pending but not processed, or there could be a problem directly with your bank.

FanDuel Sportsbook Withdrawal Methods

When you want to start the withdrawal process, the book will automatically select the payment method that was used when you made your first deposit up to the same amount of previous withdrawals. As with most online sportsbooks, FanDuel requests that customers notify them if any changes have been made to your original debit or credit card, which was initially used to fund your account.

The full list of available deposit options includes:

• Online Bank Transfer
• FanDuel Prepaid Card
• PayPal/Venmo
• ACH/eCheck)
• Visa/Mastercard
• Wire Transfer

You can also check out our guide on using prepaid cards at FanDuel sportsbook. The maximum amount you can withdraw per transaction is $10,000.

FanDuel Sportsbook Withdrawal Times

You may also be wondering how long does FanDuel withdrawal take? Regarding FanDuel withdrawal time, this varies depending on which method you choose. It can take anywhere from two to seven business days to process certain transactions. Checks take longer to send out, typically taking approximately one week to be delivered in the post. Multiple FanDuel users have said they often get their money in a matter of days and sometimes within hours.

In our experience, we advise making a request for a withdrawal on a Monday morning. As you would expect, there are loads of bettors winning and trying to withdraw over the weekend. If we choose to withdraw on a Monday, funds were usually with us in a couple of banking days.

Additionally, making a FanDuel withdrawal, PayPal is recommended, as you will get your funds almost instantly through and tried and tested e-wallet system. If you have an existing PayPal account, you can withdraw funds directly from your betting account to PayPal. You can then transfer your winnings to your personal linked bank account. Each payment method can also be used to deposit money on the FanDuel sportsbook mobile app.

To clear up any confusion, this guide to withdrawing is not the same as the FanDuel Cash out feature, where you can end your bet early, the two are completely separate things.

FanDuel Withdrawal Hold

Once you have submitted your FanDuel withdrawals request, sometimes this can be placed on hold. There could be numerous reasons why this is the case. It could be that you have recently changed your address, email, bank details, or something similar that has triggered a security flag. You may have requested significantly more money than you normally would, or it may be that your account hasn’t been fully verified.

Always make sure you register for an account with the correct details, especially the last four digits from your SSN. If anything has been entered incorrectly, this can flag your account, and any withdrawals will be placed on hold until everything is confirmed and your account has been successfully verified. This is the same procedure for all operators, not just FanDuel.

Whatever the reason may be, a hold is usually only temporary unless you have anything that would give FanDuel a reason to suspend your account. You might need to complete and send in a W9 to the operator for tax purposes, and until this has been received, this could be another reason why your withdrawal is on hold.

Fastest FanDuel Withdrawal

The quickest ways to get your winnings are through PayPal and Play+. These cash out payments will take up to 48 hours to reach you once they have received approval, while other options can take up to five business days. Additionally, if you select Play+ you could even get your winnings within 24 hours.

Paying Taxes On Your Winnings

If you have hit the jackpot and won a colossal parlay bet, and the total money generated is above what has been deposited, these funds are subject to federal taxes in the US. When you hit $600 in net profit during a calendar year, FanDuel sportsbook and FS site is required to issue a 1099 which will be reported to the IRS. Any net profit that falls below the $600 limit will not be reported.

However, players are still legally required to report this extra income on their taxes. Our gambling tax calculator is free to use and can determine how much tax you will need to pay.