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Online Betting Sites with ACH Deposit

Choosing a payment and withdrawal method is one of the most important decisions for a gambler. If you want something convenient, secure, and widely accepted by many online betting sites, consider an ACH deposit. 

ACH, or Automated Clearance House, has been around for quite a while. It is the go-to option for many sports bettors, especially among the older generations. If you’re just getting started with the payment method, our guide simplifies everything you need to know about ACH payments. 

Table of Contents


ACH in online gambling sites

 

Today, ACH is not as popular among the general public as when it launched. This is due to newer developments in the financial industry. Still, many betting sites operating in the United States allow for ACH deposits and withdrawals.  

This is good news for bettors. Since ACH has been in use for half a century, it is well-established and recognized by the government. Thus, there are strict rules and regulations for online casinos that wish to use ACH transfers.

For instance, ACH will check the credibility of a sportsbook before giving it access to the service. This means that all ACH betting sites are legitimate. And considering the highly secure nature of ACH, it’s easy to see why ACH is still one of the most widely used payment methods in the US gaming industry. 

ACH compared to other payment methods

 

How does ACH work?

 

ACH payments go through several processes. 

  • The originator, which can be an individual, business, or bank, initiates the ACH transaction.

  • Then, the originator’s bank submits the ACH entry to an ACH operator. Banks typically do this in batches following a predetermined schedule. 

  •  Once the ACH operator receives entries, they sort them into deposits and payments. 

  • These are then sent to the recipient bank. 

  • The recipient bank proceeds to confirm the originator’s account and check whether it has enough funds to allow the transaction. 

  • They then debit or credit the receiver’s account accordingly. 

ACH vs. other payment options

 

Now that you know how ACH works, how well does it stack up against other payment methods? Answering this question reveals several advantages and shortcomings that should help you make a good decision. 

Competitive transaction fees

 

ACH charges bank transaction fees on a cost basis. Thus, individual consumers pay little (sometimes nothing) for their transactions to be completed. This is quite different from Visa and MasterCard transactions, which attract much higher withdrawal fees.

Convenient and secure transactions

 

NACHA recently underwent tightening of its security protocols. This further enhanced the security of the already safe and reliable ACH network. Furthermore, ACH only deals with credible betting sites in the United States, making it the center for convenient and secure transactions.

Other payment options aren’t as secure. They don’t thoroughly check the businesses that wish to use their processes. Thus, it’s pretty easy to invest in a sportsbook vulnerable to malicious attacks by hackers. Even worse, you might provide your payment information to an illegitimate betting site.   

ACH is a widely used payment method

 

Dont let the rising popularity of eWallets fool you; many banks and businesses still use ACH transfer. This includes all the major sportsbooks issuing online betting ACH payments. So, if you decide to embrace the method fully, you won’t be rejected. 

On the other hand, some eWallets will be rejected by sportsbooks.  

Slow transaction processing speed

 

Transaction speeds are ACH’s biggest weakness. Deposits typically take a couple of hours, while withdrawals take several days to complete. This is because the system is quite thorough. Thus, its operation involves several processes that lead to delayed transactions.

Some ACH betting sites try to ensure players receive their winnings ASAP. However, they don’t have much control over the system. This is where other payment options shine. For example, MasterCard and Visa deposits and withdrawals are almost always instantaneous.  

How to make a payment at a betting site with ACH deposit facilities

 

Getting started with ACH is quite easy. But first, you should be of legal betting age (21 or over) and in a state that allows online sports betting. You should also have a bank or checking account registered under your name. 

Find your perfect operator

 

This particular step should be given a lot of consideration. It’s not as much about ACH as it is about your overall gambling experience; you can find an online betting site that supports ACH in seconds. However, you should take time to go through all available options and find an operator that’s best suited for your kind of betting. 

Sign up and verify your account

 

Once you have your ideal betting site, you’ll need to signup and verify your online betting account before you can wager. This process involves providing personal details; the name, address, and date of birth. You’ll also be required to provide contact information, i.e., email and phone number, as well as the last four digits of your social security number. 

As for verification, the sportsbook will request a government-issued photo ID. This may be your passport or driver’s license. You’ll also need to provide proof of address. This typically involves scanning a utility bill. 

Note that it may take some time for your online sportsbook account to be approved. Once that’s happened, you can start betting on the platform.  

Depositing funds

 

You need to select a payment method via which you’ll deposit your funds. To do this, navigate to your sportsbook’s cashier or payment section. Then, select the ACH (sometimes labeled as eCheck) option. You’ll then be prompted to fill in your banking details and ACH checking and routing numbers.

Now, enter the amount you wish to deposit and sign the eCheck to initiate the transaction. The sportsbook will then credit your account within a couple of hours.  

Withdrawing funds

 

To withdraw funds (after winning), go to the cashier/payment page of your online sports betting account. Click on payout or withdrawal and enter the amount you wish to withdraw. Select the ACH option and provide whatever details you’ll be requested before submitting your request. 

The funds will be deposited in your account once your transaction is processed. On average, this takes a couple of days.    

The best ACH betting sites in 2022

 

Many sportsbooks operating in the United States support ACH payments. Our favorite ACH betting sites are; 

  • 1.  Caesars Sportsbook:

  • Caesars

    4.8/5 Read Review

    Generous welcome bonus


  •  Caesars allows customers to use ACH deposit alongside a variety of other payment options. There is also the option to use VIP preferred eCheck, which reduces the transaction times of ACH transactions.

  • 2.  BetMGM Sportsbook: 

  • BetMGM

    4.9/5 Read Review

    Competitive intro bonus


  • BetMGM uses the most trusted payment methods for deposits and withdrawals. ACH/VIP preferred eCheck is one of these and allows customers to use their savings, checking, or money market accounts to make deposits

  • 3.  FanDuel Sportsbook: 

  • Fanduel

    4.9/5 Read Review

    Great promos & odds boosts

  • FanDuel is another excellent sportsbook that supports ACH payments between the bettor’s player account and bank account. However, it limits the maximum number of ACH accounts linked to a single player’s account to three. 

  • 4.  DraftKings Sportsbook: 

  • DraftKings

    4.8/5 Read Review

    Better odds than most sportsbooks

  • DraftKing allows ACH payments for its sportsbook and online casinos branch. However, it’s not available for Daily Fantasy Sports and Marketplace.   

  • 5.  BetRivers Sportsbook: 

  • BetRivers

    4.7/5 Read Review

    Best odds of any sportsbook

  • Betrivers supports regular ACH and VIP Preferred ACH. If you’re already using it in another online casino, it automatically links to your Betriver’s player account when selecting VIP Preferred ACH.  

ACH withdrawal and deposit waiting times

 

ACH is a secure payment method that you can trust with your deposits and withdrawals. However, it isn’t fast, especially when it comes to withdrawals. Deposits take an average of 2-3 hours to process. On the other hand, withdrawals take anywhere between two and five business days. Depending on the sportsbook and bank account, some will even take ten days. 

Thus, if fast transactions are important to you, ACH may not be the best payment option. 

Verifying ACH payments

 

The USA is the only country that supports ACH payments. Here, anyone with a bank account registered with a US financial institution can use ACH. This is as long as the other party to the transaction also has a current and valid bank account. 

You don’t need extra verification to use ACH with your online betting site. The information and documents you provided when opening your bank account and registering to the sportsbook are enough. However, you’ll always have to provide your banking details, including account number and routing number, when making a transaction. 

Once payment is underway, the financial institutions review and verify the transaction before approving it. 

Essential facts about using ACH – before you get started

 

ACH is an excellent payment option for any and all gamblers. However, there are several things you need to know before you decide to embrace it fully. These include; 

ACH transactions are visible to financial institutions

 

Banks can see all ACH transactions made via their network. They also include them in bank statements. This can be an issue, especially if you don’t like your bank seeing how and where you spend your money. If privacy matters to you, ACH deposit may not be the best option. 

Away from privacy concerns, this can be a good thing. Having ACH transactions on your bank statement is a good way to manage your spending. You can easily track how much money you spend on online betting at the end of the month. 

You may be obliged to withdraw via ACH

 

Most betting sites want to keep things simple. Thus, they may only allow you to withdraw through the method you used to make the deposit. Thus, if you used an ACH deposit, you may have to use ACH withdrawal. And while there is nothing fundamentally wrong with this, you should be comfortable with the long waiting times of ACH withdrawals. 

Mobile payments are accepted

 

Today, you can use the ACH mobile app to make and receive payments via the network. This app is available for both Android and iOS platforms. But you don’t really need to download it for online betting purposes. Most sportsbooks have no-download platforms that allow you to initiate payments in a few clicks, even on mobile. Thus, you can still make an ACH payment while on the move. 

About deposit bonus promotions

 

Online betting sites regularly offer bonuses and promotional offers. However, these aren’t available for everyone. They can be denied depending on the payment method you’re using. Thus, if you want some bonuses, read the terms and conditions of the offer before using ACH deposit. Most sportsbooks don’t have an issue with it, but some may restrict their bonuses.

ACH is a process, while eCheck is a payment method. Specifically, ACH is the process used to transfer funds electronically from one bank account to another. On the other hand, eCheck, or the electronic check, is the digital version of the paper check. Transactions involving an eCheck use ACH to move money from a customer’s checking account to the merchant’s bank account.

So, while the two are different, they often work hand in hand.

Your social security number is proof that you can legally gamble online. The sportsbook needs to verify that you’re of legal age for online betting, which is 21 or above. You’ll also need to provide your name, date of birth, address, email, and phone number. This information will be used to create a new player account with your name.

After creating a new account, you need to verify it. The goal is to prove that whatever information you provided when creating your account is correct. This then allows you to make your first ACH deposit and bet. You’ll need to provide a government-issued photo ID, like your driver’s license. Alternatively, you can provide your passport.

Yes, you can do so via the mobile app or the sportsbook of your choice. ACH withdrawals, while slow, are easy and convenient to make. They are also very secure.