Sportsbooks That Accept Paper Checks
As popular as it is, few people understand all there is to know about online sports gambling, especially when it comes to making deposits and getting started. One of the most popular methods of depositing is to write a personal check to the online sportsbooks that take paper checks. This is the preferred deposit method of some because of how easy it is, though it does take time due to processing.
Look, we’ll be honest - as far as deposit methods go, you could do better. That said, there are a lot of people who are used to writing checks for everything that they do. If that describes you, we’ve got you covered. On this page, we will look into using paper checks for making deposits into online sportsbooks. We will discuss the pros and cons of using personal checks over credit cards, explore the fees and timing, and even touch on the security factors you need to consider. Without further ado, let’s get started.
Benefits Of Using Paper Checks To Deposit
Bank checks have been used to fund online sports betting accounts for nearly as long as the online sports betting industry has been around. Naturally, with such a long history, the pros and cons of using a check to deposit in a sports betting account are well established. Some of those advantages and disadvantages are:
Ease of Use - Writing and sending checks to a sports betting site is much easier than dealing with credit cards. Cards often require you to fill out additional paperwork whereas a check deposit only needs an envelope.
No Fees! - Typically, personal check deposits don’t have any associated fees. All you have to pay for is the postage. A wire transfer, for instance, could cost as much as $60 based on the amount and the sportsbook you’re sending the funds to.
No Deposit Limit - Certain electronic deposit methods may have a deposit cap (like $1,000 for a wire transfer or PayPal, etc.). However, most of the prominent sports betting sites don’t have a maximum set on personal check deposits.
Drawbacks Of Using Paper Checks
Transaction Times - The only problem with using a personal check is the timing. It takes several working days for a check to reach the sportsbook via mail. Then, you will have to wait for the check to clear before you place any bets with your funds. This is honestly an incredibly big problem. If you want to bet on Monday Night football, you’ll have to send that check more than a week early. That’s a serious issue, especially if you want to snag valuable lines as they pop up. It’s such an issue that many serious gamblers will simply never use this method of deposit, as it limits their flexibility too heavily.
More About Paper Checks Sportsbook Deposits
There are only a handful of high-end online sportsbooks that accept personal checks. Most accept money orders and whatnot, but personal checks require more time to process. However, the sites that do accept bank checks are also known for their player support and openness when it comes to deposit and withdrawal methods.
Depositing With Paper Checks
How do you make a sportsbook deposit with a check? Well, it’s easy! First off, you’ll need to visit your site of choice’s FAQ and deposit page to see what steps you need to follow. Typically, you will need to A) Write the check, B) Address the envelope, and C) Send it off. It doesn’t get much simpler than that.
Personal checks are often preferable because there aren’t any deposit caps. Also, a lot of players may not be comfortable using third-party software (online e-payment systems) to deposit money via credit card and transfer it to a sportsbook. While these methods are safe, all the moving parts and steps can be overwhelming.
Fees For Using Paper Checks To Deposit Into Online Sportsbooks
We guess that more or less any sportsbook worth playing at wouldn’t have any deposit fees for using paper checks. It doesn’t cost you or the sportsbook to deposit or process these checks. Instead, all you have to do is pay for postage (which is negligible). By using a personal check, you can save anywhere from $10 to $50 on deposit fees. That said, you need to find a sportsbook that will accept your personal checks, as there are regulations in the way of using most banks for online sports betting.
Deposit Times When Using Paper Checks
Unlike electronic deposits, personal checks are slow. It can take a few days to get a letter from place to place and, when you tack on processing time, you may have to wait anywhere between one and two weeks for your funds to be unlocked. There is no getting around this, though the added safety and convenience of personal check deposits make it all worth it to a certain type of bettor. However, most people have moved on to different methods of deposit at this point, such as cryptocurrency or credit cards, depending on the sportsbook in question. Nearly every other deposit method will be faster than mailing a paper check to an online sportsbook. The whole point of them being online is that you don’t have to mail them anything.
Transfer Limits - Is there a limit on Paper Check deposits?
Certain deposit methods have minimum and maximum limits. These apply for electronic payments, though personal checks don’t have any fees. This means you can (typically) write a check for any significant amount and send it to the sportsbook, though it is important to read the site’s guidelines beforehand.
Paper Check Sportsbook Deposit Bonuses
Just about every online sportsbook offers players some of the best sportsbook bonuses when they make deposits. The most common is the match bonus, or when a betting site will give you free money to bet with equal to your deposit. These are often capped at $100 or $500 dollars depending on the sportsbook. There are unique bonuses for certain deposit methods, too, as well as reload promotions for making additional deposits.
Sportsbook Security - Keeping Your Paper Check Account Safe
Nothing is 100 percent, though sports bettors who follow the guidelines and use common sense should never have a problem when they place deposits with bank checks. Follow the rules, pick the right deposit method that fits your budget, and give it a shot. If you have any questions, make sure to contact the sportsbook.
- For extra security, consider using cashier's checks at sportsbooks or a Money Order system for added benefits.
Paper Checks Sportsbook Withdrawals - Paper Checks For Sports Betting Pay Outs
While personal checks may not be the most popular deposit method, they certainly are when it comes to requesting a fast sportsbook payout. Players can easily request a payout (as long as they bet certain amounts) and receive a check written to them within one to two weeks based on the sportsbook. This method is quick and easy, too, and you don’t have to rely on any electronic payment systems.
| Sportsbook | Minimum Withdrawal | Maximum Withdrawal | Fees | Time Frame |
|---|---|---|---|---|
| Bovada | $100.00 | $3,000.00 | Free Once Every 90 Days/Otherwise $100 | 10-15 Business Days |
| BetOnline | $500.00 | $2,500.00 | Greater of $50 or 3% | 7 Business Days |
| SportsBetting | $1,500.00 | $10,000.00 | Greater of $50 or 3% | 7 Business Days |