Last updated: Apr 23, 2026

How do I withdraw funds?

Your verified personal bank account will serve as your default withdrawal method. To connect and verify your bank account, navigate to the “Request Withdrawal” option in the main menu of your app. From there, select the Online Banking option and follow the prompts provided. You do not need to make a successful deposit to add a traditional bank account as a withdrawal method.

You can also link additional withdrawal methods like a PayPal account, Venmo account, Apple Pay account, or debit card by using one of those methods to deposit funds into your PrizePicks account. Certain payment methods like Discover cards are only approved for deposits, not withdrawals; you’ll need to use a different method to withdraw your funds. If you do not link any additional approved withdrawal methods, you will only be given the option to withdraw to your bank account.

To request a withdrawal, navigate to the menu located in the top left corner of the PrizePicks app. If you are accessing your account on a browser, the menu is in the top right corner. From here, you can select Request Withdrawal.

You'll receive a One Time Password (OTP) code by email as soon as you request your withdrawal. No further action is needed on your part; we will send you an email to confirm whether the withdrawal was successful or not.‍

‍Why did my withdrawal request fail?

Withdrawals can only be made using a payment method that is approved for withdrawals. This includes your verified personal bank account, as well as a PayPal account, Venmo account, Apple Pay account, or debit cards that you previously used to make a successful deposit on PrizePicks. Discover debit cards and all credit cards may only be used for deposits, not withdrawals.

Inaccurate bank account information can also cause withdrawal requests to fail. If this happens, your funds will be returned to your Withdrawable Balance, and you will be able to create a new withdrawal.

Withdrawals have a minimum amount of $10; any smaller request will fail.

Only one successful withdrawal is permitted during a 24-hour time frame. If your withdrawal request is processed at 2:00pm, you will not be able to make another request until 2:01pm the following day.

I just made a deposit, why can’t I withdraw?

‍If you deposited via bank transfer, there will be a 72-hour hold placed on your funds for security purposes. Once the 72 hours are up, you will be able to withdraw your funds without issue.

Additionally, if you receive a Deposit Bonus offer, you must complete a 1x playthrough of the deposited funds before they can be withdrawn. For example, if you receive a Deposit Bonus on a $100 deposit, you must submit and play through $100 worth of picks before you can withdraw. Picks must be submitted using your regular balance (not your Bonus balance) in order to count toward any playthrough requirement.‍