FanDuel Deposit Options | All You Need to Know 2020

Has your state become the latest to legalize sports betting?

In that case you might be wondering what deposit options are available on sportsbook FanDuel.

To make your life easier we’re going to list every FanDuel Deposit Option and give you our preferred payment option and why, when it comes to sports betting online.

We’ll also compare FanDuel deposit options with other leading sportsbooks such as DraftKings, Nitrogen Sports and Bet Online[1].

Show me the Money!

It may surprise you that although FanDuel is one of the largest sportsbooks in the US, the bookmaker has a limited number of payment options when compared to other bookmakers.

Which deposit options does FanDuel accept?

FanDuel accepts deposits from VISA, Mastercard, PayPal and ACH (E-Check) Deposit. You can also deposit via PayNearMe which allows you deposit at a local 7-eleven.

We’ll discuss each FanDuel payment option in detail and give you a quick setup guide on how to deposit later on…

FanDuel Sportsbook Payment Options – Comparison Guide

We’ve compared FanDuel payment methods with three other leading sportsbooks so help you decide which bookmaker you should sign up to.

ACH and PayNearMe Deposits

FanDuel offers customers even more choice with ACH (E-Check) a VIP Preferred Payment Network. This allows you to transfer funds from your checking account to your FanDuel account.

All you need is a routing number, state ID, driving licence ID and checking account number to set it up. All payment funds are accessible immediately.

Customers can also use PayNearMe to create a bar code which you can either print or send to you phone that can be scanned by your local 7-eleven to deposit. Funds generally take 15 mins to arrive in your account and transactions are limited to $500 over 24 hours and $10k in a 30 day rolling period.

How do you deposit money into FanDuel?

1. First thing you will need is a FanDuel account.
2. In the top right-hand corner click on My Account.
3. Select Add Money.
4. Select your preferred Payment Option.
5. Following the payment instructions on screen.
6. Funds are instantly available in your account.

If you’re using the FanDuel app the deposit option can be found in the sidebar menu icon on the top right of the screen.

FanDuel Deposit Bonus Available

Right now, new customers can take advantage of FanDuel’s Risk Free Bet up to $500.

Deposit and place your first bet today, and if you lose your first bet FanDuel will refund you up to $500 in bet credits.

Terms and conditions include:

Free bets will be credited to your account within 72 hours.
Only your first bet will qualify – If you have multiple selections, then the first will be used.

For this and a full list of T&C’s be sure to check the terms page.

FanDuel Prepaid Cards

While FanDuel does offer debit/credit card payments, there may be cases where some banks may reject the transaction due to the gambling activities.

This can be overcome in two ways:

1. You can phone your bank either prior to the transfer or after the funds being rejected and confirm/request the payment to be authorized. Not all banks will allow this, but most of them will.

2. If the first attempted is rejected, you can request for a FanDuel Prepaid card during sign-up or there after. Users should have no issues with transferring funds from their bank to the prepaid card, which allows you to easily fund your FanDuel account.

We created a simple step-by-step screenshot guide on how to get your hands on FanDuel Prepaid cards.

Which FanDuel Deposit Option do we suggest?

paypalPersonally I prefer using PayPal and the reason is simple – added security.

PayPal’s mobile app makes it even quicker and safer to deposit funds to sportsbook accounts.

Select the PayPal icon in Deposits on your FanDuel account. You will be redirected to the PayPal app and asked to sign-in. Simply enter the amount you want to deposit and the click submit.

For extra security PayPal offer two-factor authentication. Users receive a one-time access code via text message on their phone. Enter the code and your payments done!

What’s great about this is that there no need to enter any debit/credit card details, all you card details are stored with PayPal. Once you log-in you select which card you want to transfer the fund from.

You also get Buyers Protection with PayPal that handles any disputes between the merchant (which in this case is FanDuel) and the customer. This can come in handy if the merchant is withholding any funds for some reason.

FanDuel Deposit Q&A

What are the deposit limits with FanDuel?

As an advocates of Responsible Play and in accordance with state requirements, FanDuel have put in place a $1000 per month maximum deposit limit by default on every new account.

If you would like to increase this threshold, you can speak to a member of the support team and have this lifted to any specific amount.

Can I apply for a deposit limit on my account?

Yes, self-restrictions and maximum deposit limits can be manually applied to your account. Simply head over to the Accounts Limit page and enter the maximum amount you wish to restrict yourself to.

FanDuel Deposit fees?

There are no fees for depositing funds into your FanDuel account, but there could be processing fees for withdrawing funds back into your payment provider. For more details refer to FanDuel’s withdrawal page.

What is the minimum deposit for FanDuel?

The minimum deposit for FanDuel is just $5. As we explained above, there are no payment fees for depositing even the minimum amount.

How long until the funds arrive in my account?

Funds should arrive in your account instantly, but be sure to check with your payment provider.

Final Thoughts

OK so FanDuel may not have the widest range of payment providers – which is surprising given that they are owned by Paddy Power/Betfair, but the limited options available should meet most customers needs

Although they do have limits in place on how much you can deposit, you do have the right to have this limit raised.

FanDuel are relatively new to sports betting so we expect to see more payment options come available once they find their feet.

[1] All bookmakers mentioned in this article have licences in each of the states that have granted licences to those sportsbooks. This is not a comprehensive guide and correct at the time of writing. For more details see our Bookmaker Licences State by State guide.