What you need before you start

PrizePicks lets you withdraw winnings to a bank account you own. To do this, you'll need to provide your bank's routing number and your account number — the same information you'd give an employer for direct deposit. PrizePicks uses this to move money from your account to your bank via the ACH network, which is the system that handles most electronic transfers between U.S. banks.

You can find both numbers on a check from your account, or by logging into your bank's website or app. The routing number is usually a nine-digit code; your account number follows after that. Some banks also print these on statements or will tell you over the phone.

You'll also need to verify that you own the account. PrizePicks does this by making two small test deposits to your bank account — usually between $0.01 and $0.99 each. You'll see these deposits appear in your account within a few business days, and you'll need to confirm the exact amounts in the PrizePicks app to prove the account is yours.

Key Takeaways

  • You need your bank's routing number and your account number, both found on a check or in your bank's online portal.
  • PrizePicks will send two small test deposits to your account to verify you own it; you must confirm the amounts in the app.
  • The verification process usually takes three to five business days from when you first enter your bank details.
  • Once verified, withdrawals typically reach your bank account within one to three business days.

Step-by-step: adding your bank account in the app

Open the PrizePicks app and go to your account settings — this is usually a profile icon or menu in the bottom right or top left, depending on whether you're on iOS or Android. Look for a section labeled "Withdraw," "Payment Methods," "Bank Account," or "Funding." The exact label varies slightly by app version.

Tap the option to add a new bank account. You'll be asked to enter your routing number and account number. Double-check both before you submit — a typo in either one will cause the verification deposits to go to the wrong place, and you'll have to start over. Some versions of the app let you take a photo of a check instead of typing the numbers in manually, which reduces the chance of error.

After you submit, PrizePicks will tell you that verification deposits are on the way. This is the waiting period. Check your bank account every day or two — the deposits usually show up within three to five business days, though it can take longer if your bank processes ACH transfers slowly.

Confirming the test deposits and completing verification

Once the two small deposits land in your account, go back to the PrizePicks app and find the section where you added your bank account. You'll see a prompt asking you to enter the amounts of the two deposits. Type in the exact cents — if one deposit was $0.23 and the other was $0.17, you need to enter both correctly. If you get either amount wrong, the app will reject it and you'll need to try again.

After you confirm both amounts correctly, PrizePicks will mark your account as verified. The two test deposits are yours to keep; PrizePicks does not pull them back out. From this point forward, any withdrawal you request will go to this account.

How long withdrawals take once your account is verified

After your bank account is verified, you can request a withdrawal at any time. The money usually reaches your bank within one to three business days — this is the standard ACH transfer window. Weekends and bank holidays can add time, so a withdrawal requested on a Friday afternoon might not show up until Tuesday or Wednesday.

PrizePicks does not charge a fee for withdrawals to a verified bank account. Your own bank might charge a fee for receiving ACH transfers, but most banks do not — check your bank's fee schedule if you're unsure.

What to do if the test deposits don't arrive

If more than a week has passed and you haven't seen the two test deposits, the most common cause is a typo in your routing number or account number. Log into your bank's website or app and confirm both numbers are exactly what you entered in PrizePicks. If they don't match, you'll need to add your bank account again with the correct information.

Another possibility is that your bank rejected the deposits because the account type doesn't match what you entered. For example, if you entered a savings account number but told PrizePicks it was a checking account, some banks will bounce the transfer. Check your bank account type and make sure it matches what you selected in the app.

If you've confirmed the numbers are correct and the account type matches, contact PrizePicks support through the app. They can see on their end whether the deposits were sent and where they went. Provide them with the exact date you added your account and the routing number you used.

Changing or removing your bank account

If you need to withdraw to a different bank account, you can add a second account using the same process — enter the routing and account numbers, wait for the test deposits, and confirm the amounts. PrizePicks will let you have multiple verified accounts on file.

To remove an account, go to your payment methods or bank account section in settings and look for a delete or remove option next to the account. Once deleted, you can no longer withdraw to that account, but you can add it again later if you change your mind.

Frequently Asked Questions

Can I use someone else's bank account to withdraw my winnings?

No. PrizePicks requires that the bank account be registered in your name and that you own it. The verification process — confirming the test deposit amounts — is designed to prove you have access to the account. Using someone else's account violates PrizePicks' terms and can result in your account being closed.

What if I enter the wrong routing number and the test deposits go to the wrong bank?

The deposits will be returned to PrizePicks after a few days. You'll need to add your bank account again with the correct routing number and wait for new test deposits to arrive. There's no penalty for this, but it does mean another three- to five-day wait.

Do I need to verify my bank account every time I withdraw?

No. Once you've confirmed the test deposit amounts, your account stays verified. You can withdraw as many times as you want without repeating the verification process.

Can I withdraw to a bank account outside the United States?

PrizePicks only supports withdrawals to U.S. bank accounts. If your account is with a U.S. bank but you're outside the country, you can still use it as long as the routing and account numbers are valid.

Why is my withdrawal still pending after five business days?

Most withdrawals clear within one to three business days, but delays can happen if your bank processes ACH transfers slowly, if a holiday fell during the transfer window, or if there's a technical issue on either end. Check with your bank first — they can tell you whether the transfer has arrived on their side. If it hasn't, contact PrizePicks support with the date you requested the withdrawal.