Change your bank account in PrizePicks through your account settings
To change the bank account connected to your PrizePicks account, log in to the app or website, go to your account settings, find the payment or banking section, and remove your old bank account before adding a new one. PrizePicks will ask you to verify the new account with two small deposits — this is a security step that takes a few business days. You cannot change your bank account while a withdrawal is in progress, so wait until any pending transfers complete first.
The exact steps differ slightly between the mobile app and the website, but the process is the same: disconnect the old account, then connect the new one. PrizePicks does not let you swap accounts when ready — there is a waiting period between removal and addition to prevent fraud.
Key Takeaways
- Remove your old bank account from settings before you can add a new one, and wait at least one business day between the two steps.
- PrizePicks will send two small test deposits to your new account to confirm you own it, which takes two to three business days to complete.
- You cannot change your bank account while a withdrawal is pending, so check that all transfers have finished first.
- If you enter your routing number or account number incorrectly, the verification deposits will fail and you will need to start over with the correct information.
Step-by-step process on the PrizePicks app
Open the PrizePicks app and tap the menu icon (three horizontal lines) in the bottom right corner. Select "Account" or "Settings" — the exact label depends on which version of the app you have. Scroll down until you see "Payment Method" or "Banking Information" and tap it.
You will see your current bank account listed. Tap the trash or delete icon next to it. PrizePicks will ask you to confirm that you want to remove it — tap yes. Wait at least one business day before moving to the next step. Then return to the same section, tap "Add Bank Account" or the plus icon, and enter your new bank's routing number and your account number. PrizePicks will tell you which type of account (checking or savings) to select. After you submit, PrizePicks sends two deposits of less than one dollar each to your new account.
Check your new bank account in two to three business days. You will see two small deposits with a code or reference number. Return to PrizePicks, go back to the banking section, and enter those two amounts exactly as they appear. Once you confirm them, your new account is active.
Step-by-step process on the PrizePicks website
Go to PrizePicks.com and log in. Click your username or profile icon in the top right corner and select "Account Settings" or "Settings." Look for "Payment Methods," "Banking," or "Withdrawal Settings" — the exact name varies. Click on your current bank account.
Click "Remove" or "Delete." PrizePicks will ask you to confirm. After you confirm, wait at least one business day. Then click "Add Bank Account" or the plus icon in the same section. Enter your new bank's routing number and your account number, and select whether it is a checking or savings account. Submit the form.
PrizePicks will send two small test deposits within two to three business days. Log into your new bank account online or through its app and find those deposits. Note the exact amounts. Return to PrizePicks, go back to the banking section, and enter both amounts. Once confirmed, your account is ready to use.
What to do if verification deposits fail
If you do not see the two test deposits after four business days, or if you enter the amounts incorrectly and the system rejects them, your account information may be wrong. The most common mistakes are transposing digits in the routing number or account number, or selecting the wrong account type (checking instead of savings, or vice versa).
Remove the account from your PrizePicks settings and wait one business day. Then add it again with the correct information. Double-check your bank statement or your bank's website to confirm your routing number and account number before you enter them — do not rely on memory. If you are still having trouble after a second attempt, contact PrizePicks support through the app or website and provide them with your account details so they can investigate.
Why PrizePicks requires verification deposits
The two small deposits are a security measure. They confirm that you actually own the bank account you are trying to connect, not someone else's account. This protects both you and PrizePicks from fraud — if someone gained access to your PrizePicks account, they could try to send your winnings to their own bank account, but they would not be able to complete the verification step because they do not have access to that bank account.
The deposits themselves are not fees. PrizePicks sends them to you, and you keep them. The amounts are usually between one and five cents each. The purpose is only to prove ownership.
Timing: when you can and cannot change your bank account
You cannot change your bank account while a withdrawal is in progress. If you have requested a transfer to your current account and it has not yet arrived, wait until it does before you remove that account from PrizePicks. Removing an account while a withdrawal is pending can cause the transfer to fail, and you may have to request it again.
Check your PrizePicks account for any pending withdrawals before you start the removal process. If you see one, wait for it to complete — this usually takes one to three business days depending on your bank. After the transfer arrives, you can safely remove the old account and add the new one.
Frequently Asked Questions
Can I have two bank accounts connected to PrizePicks at the same time?
No. PrizePicks allows only one bank account per account at a time. You must remove the old one before adding a new one, and you must wait at least one business day between the two steps.
What if I enter the wrong routing number or account number?
The verification deposits will either fail to arrive or arrive at the wrong bank. If that happens, remove the account from PrizePicks, wait one business day, and add it again with the correct information. Check your bank statement or call your bank to confirm the numbers before you re-enter them.
How long does it take for my new bank account to be ready to use?
After you add your new account, PrizePicks sends two test deposits. These arrive within two to three business days. Once you confirm the amounts, your account is active and ready for withdrawals. The entire process takes about one week from start to finish.
What happens to money in my PrizePicks account when I change banks?
Your balance stays the same. Changing your bank account does not affect the money you have in PrizePicks — it only changes where future withdrawals will be sent. Any winnings you have already earned remain in your account.
Can I change my bank account if I have a pending withdrawal?
No. Wait until your pending withdrawal arrives in your current account before you remove it and add a new one. If you remove your account while a withdrawal is in progress, the transfer may fail.