Sports Betting Sites That Accept E-Check
Echecks used to be an extremely popular method of online sportsbook deposit. They work like paper checks do, but are processed entirely digitally. However, they have been mostly supplanted at online sportsbooks by Wire Transfers, Bank Transfers and cryptocurrency. For this reason, there are not many sportsbooks that accept deposits via echecks anymore, with most of them having moved on to one or more of the above alternatives.
That said, if you wish to deposit with echecks, you will need specific information. This information includes deposit numbers, account numbers, and anything else you’d need for a paper check. Echecks do come with fees, while other deposit methods do not, so this is worth considering as well.
Using EChecks To Bet On Sports
You can easily use echecks to bet on sports with a variety of sports betting providers. Echecks use what is known as an Automated Clearing House, or ACH, in order to transfer money from your bank account to a sportsbook with ease. Both offshore and state-regulated sportsbooks are big proponents of echeck use, as it is one of the best traditional financial methods for sports betting deposits in the USA.
Best Sportsbooks For ECheck Deposits
The best sportsbooks for echeck deposits are ones that are located offshore, because these sportsbooks are available in more states than the biggest state-regulated books. As an example, Bovada is available in 45 states, while FanDuel is only available in 17. Since so many more people can access Bovada, it is prudent to discuss the echeck sportsbooks that are the most widely available - the ones that are located offshore.
Why Have Many Sportsbooks Moved Past Echecks?
The short answer is echecks are not as popular as they once were. Sportsbooks offer such a vast array of betting options that echecks are rarely the first choice for bettors. Other methods are faster, take fewer steps, and are overall more popular amongst bettors. Many online sportsbooks have completely moved on from accepting echecks as a payment method as a result. However, the sportsbooks that still do accept echecks as a deposit method are some of the more popular options on the market. Even as the world moves on to more convenient methods to wager, echeck users will continue to have a home at popular online sportsbooks.
Best Sportsbooks That Welcome E-Check Deposits
Once a very common deposit and withdrawal method, finding an online sportsbook that supports e-check transactions is now extremely difficult. MyBookie and XBet are the two most likely online sports betting sites to accept an e-check transaction, but even they have begun the phasing out stage for the formerly popular method. Listed below are the top online sportsbooks in the industry, but e-check users are likely to have to use either a cryptocurrency or credit/debit card at any of these sites.
Echecks Have Been Discontinued
Bovada phased out echeck sports betting options for both deposits and withdrawals, choosing instead to focus on credit and debit card deposits, as well as cryptocurrency. Bovada also offers bank wire transfers, which are functionally identical to echecks. Both of these are superior options to echecks as of 2023, and Bovada offers the most incentive to use crypto, which has no transaction fees and large available bonuses.
Newer Ways To Deposit Funds
As echecks fell out of favor, BetOnline opened up two new avenues for deposits - debit cards and cryptocurrency. Now, instead of having to provide your routing information to make deposits, you can simply use your debit card, or make a bank wire transfer. You can also use the code LIFEBONUS for an extra 25% on every deposit at BetOnline.
Echecks Have Been Phased Out
Another sportsbook that phased out echeck deposits in favor of debit card integration and bank wire transfers, depositing at SportsBetting from your bank account is as simple as entering your debit card. They also accept - and incentivize - the use of cryptocurrency, which is a preferable option in terms of deposit speed and safety.
Echecks No More...
MyBookie has phased out echeck deposits for the most part, but they still offer echeck withdrawals. You can request an echeck withdrawal from MyBookie, and it is still one of the fastest methods that uses the traditional financial system. Crypto withdrawals are still a faster option, and MyBookie does offer bank wire transfers as well.
Echecks have Been Replaced
Less Available Echeck Sportsbooks
FanDuel uses automated clearing house payments for a large percentage of their transfers, and they prefer you use this option over several other options. In large part, this is because FanDuel does not have access to crypto, but does have access to widespread integration with the larger financial system thanks to being state-regulated.
The regulated sportsbook available in the most states, at 17, DraftKings is usually one of the top regulated sportsbook options in any state it is in. DraftKings does process ACH payments, and they like integrating this function into their website because it allows for direct transfers from bank accounts to their sportsbook.
BetMGM offers ACH payments, which are typically known as echecks, instead of integrating with cryptocurrency. This method of transfer allows you to make a direct payment from your bank account to BetMGM without waiting on your bank to open up to process it, because it uses an automated clearing house.
One of the newer regulated sportsbooks, Barstool is a product of Penn National Gaming, and is available in 12 states. In all 12 of those states, Barstool Sportsbook offers deposits in the form of echecks that use automated clearing house transfers. Barstool also offers deposits based on debit and credit cards, but does not offer crypto deposits.
ACH deposits can be found easily at Caesars Sportsbook. You can use ACH or VIP Preferred Echecks in order to deposit from your bank account directly into Caesars Sportsbook. Withdrawals at Caesars can also be processed via echecks.
ECheck Benefits At Online Sportsbooks
Cheap - Echecks are a cheap method of getting money from your bank account to an online sportsbook, with minimal fees. They are going to be more expensive than no-fee options like crypto, but cheaper than most others.
Safe - Processed by an Automated Clearing House, this payment method is safe and an easy way to link your online sportsbook account to your bank account without creating a permanent link.
Simple - Requiring only the routing and bank account numbers on your account, you can easily understand what information to enter in order to process an echeck deposit or withdrawal.
Echecks vs. Cryptocurrency At Online Sportsbooks
Cryptocurrency has been a major driving factor in echecks being phased out of use at online sportsbooks that are located internationally. In the mid 2010s, before widespread crypto adoption, echecks were an extremely common method of transfer, but crypto provides lower fees, bigger bonuses, and faster transfers than echecks when used at online sportsbooks. The advantages are obvious, both for the sportsbooks themselves and for customers.
Crypto Or Echecks?
Echeck Drawbacks At Online Sportsbooks
Crypto Is Cheaper - Flat out, cryptocurrency sportsbooks apply less fees to crypto than they do to anything else. Echeck fees are minimal, but they still exist, while cryptocurrency has no fees at online sportsbooks.
Debit Cards Are Simpler - While echecks are simple, debit cards are even more simple, and all of the major online sportsbooks accept debit card deposits with ease.
Many Methods Are More Reliable - At offshore sportsbooks, echeck deposits can run afoul of the UIGEA, which is a significant downside. Sometimes they bounce, basically.
E-Check Sportsbook Deposits Overall
E-Checks can be a good way to get your money into online sportsbooks, although they are rarely the best way. Generally, when picking a transaction method, it is best to focus on what matters to you, whether that be speed, fees, time spent, or how it feels to use the platform. E-Checks are fairly middle of the road as far as deposit options go. They can take some time to process, but in exchange, they tend not to have fees applied to them. They might be flagged under the UIGEA, but they are very simple to use. If you’re looking for a simple, cost-effective way of transferring money into an online sportsbook, and you’re willing to live with the potential downsides, E-Checks stand out as a stellar option.
|Sportsbook:||Minimum Deposit:||Maximum Deposit:||Fee:||Processing Time:|
E-Check Sportsbook Withdrawals
Requesting an eCheck to make a withdrawal on an online sportsbook is simple. Bettors must know their routing numbers from their bank account in order to do so. This is so that once the transaction is completed, the funds go directly back to your bank account. The main thing to know when withdrawing money from your account is that there are withdrawal fees and processing times to look out for as well.
|Sportsbook:||Minimum Withdrawal:||Maximum Withdrawal:||Fee:||Processing Time:|
|$50||$500||$50-$200: $5 fee
$201-$500: $15 fee
|7-10 Business Days|
|$50||$500||$50-$200: $5 fee
$201-$500: $15 fee
|7-10 Business Days|