ACH Fast & Free Online Banking lets you move money between your bank account and your wagering account at no charge. This article covers fees, limits, processing times, how to add or replace a bank account, how to withdraw, and how to request a limit increase.
ACH Fast & Free Online Banking is a free way to deposit to and withdraw from your wagering account using your checking, savings, or money market account. Here's what you need to know to set it up and use it.
What you need to know
- What ACH means: ACH stands for Automated Clearing House, a nationwide electronic funds transfer network that banks use to send and receive payments. It is governed by the NACHA Operating Rules, with the Federal Reserve and the Electronic Payments Network acting as central clearing operators.
- Fees: We don't charge transaction fees for ACH Fast & Free Online Banking. Any transaction returned by your bank is subject to a $25.00 per-item service fee. Check with your bank to see if it charges additional fees.
- Minimums: The minimum deposit is $10. The minimum withdrawal is $0.01.
- Limits: Your first ACH Fast & Free Online Banking transaction can be up to $100. After it clears the banking system, you can have up to $1,000 in total transactions pending or processing at one time.
- How often you can transfer: We don't limit the number of transactions, as long as you stay within your dollar limit. Federal regulations limit electronic transfers from savings accounts, and some banks set monthly transaction limits or charge extra fees. Check with your bank for details.
- Processing time: Transactions can take up to 5 calendar days to complete the banking process.
- Bank statement: Transactions appear as "Twinspires" on your bank statement.
- Account verification: ACH Fast & Free Online Banking uses Data-X authentication services during activation to verify your bank account's status, standing, and validity. This information is not shared with other third parties, as described in our Privacy Policy.
How to add or replace a bank account
- From the Bet Now page, select the green + icon in the top menu bar.
- Select ACH Fast & Free Online Banking. If you've used it before, it may already be your default deposit method.
- To use a different bank account, select Replace (the two-arrows icon) beneath your current account information.
- Enter the amount you want to deposit.
- Select Log in to your bank.
- Enter your phone number to receive a verification code.
- Select your bank from the list.
- Select Continue to Login.
- Enter your bank login credentials.
- Choose your account from the list.
- Submit your deposit.
You can also replace your bank account from My Account > My Funds > Deposit. Select Replace under ACH Fast & Free Online Banking. You may need to select the < arrow to see all deposit options.
How to make a withdrawal
Before you can withdraw, you need to set up ACH Fast & Free Online Banking as a deposit method and complete a successful deposit.
- Select My Account.
- Select My Funds.
- Select Withdraw.
- Select ACH Fast & Free Online Banking.
- Enter the amount you want to transfer to your bank account.
- Select Withdraw.
If your bank account is no longer valid, select the < arrow, then select Replace and verify your new account with Plaid.
How to request a limit increase
Contact Player Services to request a higher limit. You may be asked to complete an ACH Fast & Free Online Banking Authorization form and attach a copy of a voided check.
Important details
- You can't add or switch to a new bank account while a transaction on your current account is still pending. Wait until it fully clears.
- After you change your bank information, your first deposit from the new account may be limited to $100.
- You can withdraw any amount from your wagering account, minus any deposits that haven't cleared the banking system yet.
- Transactions are processed electronically in batches. Requests made on a weekend or holiday are processed on the next business day. During heavy race schedules, processing may be slightly delayed.
- For security and compliance, bank account details used for a transaction can't be deleted. We're required to keep them for 7 years, and they're stored securely and kept confidential.