NC sports betting » NC Banking Options

NC Banking Options

On this page, we look at the many ways you can make deposits to and withdraw funds from your NC account, including the pros and cons of each banking options.

Safe banking options in NC

Online banking may not be your cup of tea, but there are several options for moving money to and from your site in a safe manner.

Because your finances are extremely important, finding banking methods comfortable to you is high on how you determine which one you use. You cannot place bets until you are comfortable adding money to your account.

Check out the benefits and issues for each of these online banking options available to you at North Carolina providers.

Best banking options in North Carolina

When it comes to depositing money into your account, you want to have a great variety of options that can keep your information safe. There are plenty out there, many you probably already use, and there are benefits and issues with each one.

Check out the most popular safe ways you can deposit funds.

E-wallets (PayPal, Skrill, Neteller)

E-wallets like PayPal, Skrill, and Neteller allow you to keep your banking information safe from third parties like your used site, and they may be more convenient than other methods available to you.


E-wallets are free to use in most instances, so you do not have to worry about hidden fees tagged on your transactions. In addition, they allow you to transfer funds instantly without putting in sensitive information like card details or account numbers.

E-wallets can also make it easier to manage your funds, especially if you are working with multiple ones. For example, you can allocate money to your e-wallet before distributing it among the ones you use.


While most transactions are free, some providers do charge a percentage. For example, Skrill charges 1% to 6% for deposits.

You may also need extra verification with an e-wallet. For example, BetMGM may require you to make a deposit using the e-wallet before you can withdraw funds this way.

Credit and debit cards

Anyone who has placed an order online is probably familiar with how credit and debit card transactions work. First, you put in your number and other identifying factors, like a security code, and the vendor can use the card to complete your transaction.


Credit and debit cards are the most seamless banking method for most users because everyone knows how they work. In addition, most people already have one, so you do not need to make a new account.

Card transactions also happen instantly without incurring any fees.


Not all cards are accepted by all of them. If you have Visa or Mastercard, you should be fine, but Discover and American Express users will have more issues finding one to accept those cards.

While there is not a fee to use the cards to make deposits, certain financial institutions treat credit transactions like cash advances. They cannot prevent or cover any fees accumulated this way, so you need to check with your bank beforehand.

Prepaid cards (PaySafeCard or Play+ Card)

While both PaySafeCard and Play+ cards are considered prepaid cards, they work in different ways. PaySafeCard is a prepaid gift card that you fund using cash, and you can only use it at certain locations. Play+ cards are prepaid debit cards that link to your  account.


Prepaid cards allow you to make transactions without accessing your account at all. You first load funds onto the prepaid card and then transfer them to your  account. These are two separate steps that do not overlap.

If you go with a PaySafeCard, you can use cash to load money onto your account, furthering your financial anonymity.

Play+ card also comes with the option to get a physical card. You can use this card at ATMs or anywhere where Discover is accepted.


Fees vary depending on the prepaid method you choose. For example, a card you buy at the store charges an activation fee, and PaySafeCard charges a percentage of your deposit.

PaySafeCard also has a $300 limit on transactions, so you cannot make larger deposits.

Some prepaid options do not allow gaming transactions. It is easier to err on the side of caution and use one that does, but checking beforehand works too.

ACH (VIP Preferred)

VIP Preferred is the most popular ACH in betting. These Automated Clearing Houses directly transfer funds from your checking account to your mobile account.


Anyone who does not have or wants a debit card can benefit from using an ACH transfer instead. Even those with cards may end up using an ACH to bypass restrictions from their financial institution.

ACH transactions are free to use and transfer instantly, and they have higher success rates for gaming transactions.


You still need to input banking information, so this does not create a full buffer. However, ACH transactions are not the most convenient option, and many bettors have decent success using a more personal method.

Wire transfers

To complete a wire transfer, you need to go to your bank with the proper account information and speak to a teller. The process is generally the same, and your bank can fill you in with any specific steps you need to take.


Wire transfers allow you to move larger sums of money that go beyond the maximum amount allowed by other deposit methods.

Because you are going in person, there is a greater level of security. As long as you trust your site, there is less room for having your information stolen.


Apart from needing to visit your bank, wire deposits are inconvenient because they charge a much larger fee. Many will cover this fee, either in part or in full.

Wire deposits also take longer to process. As a result, you might not see the funds hit your account until a week after.


To add funds directly to your account using cash, you can use PayNearMe.

From the cashiering page, you select PayNearMe and then input the amount you want to deposit. After you submit the transaction, the operator gives you a payslip to save or print. Then, take the payslip to your nearest PayNearMe location, and they use the information from the payslip and your cash to fund your account.


PayNearMe is another great way to keep your information safe or allow you to fund your account using physical funds. Because none of the transactions happen online, there is no way for anyone to get the money from you.


PayNearMe is not widely available, and it is not convenient for online betting. You are also subject to a fee of up to $5.99.

Online bill pay (Trustly/PayWithMyBank)

Both Trustly and PayWithMyBank are major online payment methods that buffer your bank account and your sports account. You might see one or the other, but a recent merger between Trustly and PayWithMyBank has made the names almost interchangeable.

To use online bill pay methods, you select that option and enter the amount you want to deposit. When you submit, you will be redirected to a secure page where you can log in to your bank account, and the provided one never sees this information.


Online bill pay methods are considered one of the safest ways to move funds around because no actual account numbers are involved. Money is available in your account instantly, and there is no fee.


Some users may not be comfortable with putting in their login information for their bank account. However, you need to do this every time because the information is not stored.

If you keep your money at a smaller bank, online bill pay may not be available. This may change as it becomes more popular, but at this time, online bill pay is mostly available to larger financial institutions.

Best withdrawal options in North Carolina

There are fewer banking options for fast withdrawing your winnings from your NC account, but they are no less secure than deposit methods.

The safest and fastest ways to get your money include:

  • E-wallets
  • Play+ cards
  • ACH transactions
  • Online bill pay
  • Checks
  • Cashing out in person

Because these work differently than when depositing money, we will look at the pros and cons again.

E-wallets (PayPal, Skrill, Neteller)


E-wallets are safe to use when withdrawing funds, and they can help you recirculate your winnings or keep that money separate from other accounts.

They are also one of the faster ways to get money out and have processing times coming in under 48 hours on average.


If you did not use an e-wallet to deposit to your account, you might not be able to make a withdrawal using this method.

There are also certain fees attached to withdrawals with some institutions that most of them will not cover these fees. So make sure you check before making withdrawals this way.

Play+ card

If you set up a Play+ card with your site, you can have fast access to your winnings.


Because the Play+ card is more directly linked to your  account, you can expect to have funds transferred to your account faster.

This is not a guarantee, but some bettors find it beneficial.


Because the Play+ card is only accepted where Discover is, your pool of where you can use it is limited. Discover is not compatible with as many places as Visa or Mastercard.

This can get in the way of using your card for everyday expenses, but you can get around that by withdrawing cash.

ACH transactions (VIP Preferred)

ACH withdrawals occur in the same way that deposits happen, so switching between the two does not require any change in your process.


Even when you are withdrawing funds, ACH transactions have a higher chance of success and charge fewer fees than other methods.


ACH transactions are not the fastest, but they are not any slower than the average withdrawal speed.

ACH transactions do require more information to process your request. While these are undoubtedly secure, that can be uncomfortable for some bettors.

Online bill pay (Trustly/PayWithMyBank)

You can also put your information in to receive money directly to your account using an online bill pay method.


Merchants like Trustly require NC online sportsbooks to process withdrawals in 48 hours or less, so you know that you will not be waiting endlessly to get your money. These are also considered more secure than some other methods, despite logging in to your account.


Because these methods do not save your information for security reasons, logging in every time can be a hassle. In addition, the process is not as streamlined as other methods.

Top North Carolina banking methods

The NC sports betting sites listed below have great reputations, and part of those are built on their expansive offering of banking methods.

Check them out to see which ones are most compatible with your preferences.

BetMGM banking methods

At BetMGM, you have a $10 minimum for deposits and $20 for withdrawals. You can move money around using:

  • Visa, Mastercard, American Express
  • BetMGM Play+ Card
  • ACH transfers
  • Wire transfers
  • PayPal
  • Skrill

You even have the option to cash out with a couriered check for added security.

Caesars banking methods

At Caesars, you have a $10 minimum on both deposits and withdrawals. Compatible banking methods are:

  • Visa, Mastercard, Discover
  • Caesars Play+ Card
  • ACH transfers
  • Wire transfers
  • Online banking
  • PayPal
  • Skrill
  • PayNearMe

DraftKings banking methods

DraftKings has a lower deposit threshold of $5 and a $20 minimum for withdrawals. It allows transactions using:

  • Visa, Mastercard,
  • DraftKings Play+ Card
  • DraftKings gift card
  • ACH transfers
  • Wire transfers
  • Online banking
  • PayPal

FanDuel deposit and withdrawal methods

FanDuel’s deposit minimum is $10, and you can bank using:

  • Credit or debit cards
  • FanDuel Play+ Card
  • ACH transfers
  • PayPal
  • Venmo
  • PayNearMe

FanDuel also has the option to cash out using a check.

NC Banking Options FAQ

Which banking method is best for deposits?

Most bettors prefer to use ACH transfers or e-wallets to handle their deposits. These have enhanced security measures, but they are convenient with repeated use.

Which banking method is best for withdrawing your winnings?

If you have a Play+ card, that is usually the fastest way to withdraw your winnings. Otherwise, any online options work. E-wallets and ACH transfers are pretty standard here as well.

Can you use a mobile app to manage your money?

Most mobile apps have the same money management features as desktop sites. You should be able to make withdrawals and deposit funds from the app.

Can I open a new banking account?

You can open a new banking account to handle your betting funds, but it is not necessary. Some people do this by using an e-wallet.

Can you limit transactions made to your betting account?

Both providers and financial institutions provide ways for you to limit your spending.  In particular, gives you the option to limit both deposits and bets within a certain timeframe, usually days, weeks, months, or even a year.