Check sports betting is one of the most common withdrawal methods in the US. A cashier’s check can be used to deposit money into your online sportsbook account. You simply issue an electronic check or traditional piece of paper linked to your bank account. The person who gets it then cashes it in so that they can access the money.
They have a long history that dates back to as far as the third century ACE in Persia. And there’s a reason why they’ve lasted this long: they’re secure and reliable. Which is why checks are a popular banking option.
In this guide we’ll take a look at why you should consider checks for sports betting, how to use them to make both deposits and withdrawals, how to cash one, and our overall feeling about betting with checks.
What you’ll find in this Check betting guide:
- Why Use Checks for Sports Betting?
- Check Betting Deposits
- Check Betting Withdrawals
- How to Cash a Check from a Sportsbook
- Overall View
Best Check Sports Betting Sites
We at BestUSSportsBetting.com have rounded up some of our top check betting sites accepting US bettors.
Checks are relatively inexpensive to use. Simply fill in the check, put it in an envelope with a stamp, and post it. There aren’t any transaction fees but it may take a while to reach the sportsbook, especially if they’re offshore. Fortunately, there are electronic checks now which take some time but not as long as the traditional snail mail.
Secondly, if you’re a high-volume bettor, checks have much larger deposit limits than other methods. With checks, you can send as much as you can afford.
When depositing with checks, firstly make sure the sportsbook accepts checks. Most sportsbook accept cashier’s checks, bank drafts, or money orders.
Looking at money orders, there’s a $1,000 limit, while cashier’s checks have a larger maximum amount. You’ll find that both are cheap to buy but the money order is the cheapest.
Furthermore, before sending the check, make sure you contact the bookie’s support service. They will give you instructions on who to make the check out to and where to send it. Usually, it will be via courier services like DHL, FedEx, or UPS. Should you deposit a large enough amount, sportsbooks will even reimburse the courier fee.
Many Americans betting on sports tend to use checks to withdraw their winnings. This is because there’s a high limit on how much can be taken out. So, the check processing speed of a bookmaker is extremely important.
Per week, withdrawal limits on checks are usually between $2,500 and $3,000. However, this is ultimately the sports betting site’s choice. Remember to check the banking terms and conditions of the sportsbook before you commit to anything. It’ll take anything from 10 days or less to receive a check.
See our guides for more sports betting banking methods:
There are a few things that you’ll need to consider as someone who prefers check sports betting, especially when cashing the check. States tend to have different restrictions when it comes to cashing out a check from a sportsbook.
UIGEA laws and restrictions at betting sites
Because of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA), banks can’t knowingly cash a check from an online gambling site. Furthermore, they’re usually from a different country which raises some suspicion. So, if you can, deposit your checks directly into the ATM to avoid the teller. Like other checks, they’ll clear in about a day or two, depending on your bank.
Using this method to bet on sporting events has its pros and cons. You can transfer how ever much you want but it takes some time to reflect in your account. They’re secure but using check to cash out your sports betting winnings will mean avoiding the teller.