Update your bank account through your account settings
To change the bank account linked to your PrizePicks account, log in to the site or app, go to your account settings, and find the payment or banking section. The exact location varies slightly between the web version and mobile app, but both routes lead to the same place. You'll see your current linked account listed there, usually showing the last four digits of the account number and the bank name.
Click the option to edit or change your bank account. PrizePicks will ask you to enter new account details: your routing number, full account number, and account type (checking or savings). Have your blank check or bank statement handy—both show your routing number and account number clearly. If you're using the mobile app and can't find the banking section, try the web version instead, as some features are easier to access there.
After you submit the new account information, PrizePicks typically verifies it by sending two small test deposits to the account within one to two business days. You'll need to confirm the exact amounts of those deposits back in your account settings to complete the verification. Until you confirm, withdrawals to that account won't process.
Key Takeaways
- Log into your PrizePicks account, navigate to settings, and find the banking or payment section to change your linked account.
- You'll need your routing number and full account number, which appear on a blank check or bank statement.
- PrizePicks sends two small test deposits to verify the new account; you must confirm the amounts in your settings before withdrawals will go through.
- Verification usually takes one to two business days, and you can't withdraw to an unverified account.
- If you remove an account before confirming a new one, any pending withdrawal may fail or be delayed.
Why you might need to change your account
You may change your bank account for several reasons: you've switched banks, closed an old account, or want to direct winnings to a different account than the one you originally linked. PrizePicks allows you to update this information at any time, and there's no limit to how many times you can change it.
If you're switching banks because your old account is closing, don't wait until the last day. Update your account at least a week before the old account closes, so you have time to verify the new one and ensure any pending withdrawals process correctly. If a withdrawal is already in progress to your old account when you change it, contact PrizePicks support to ask whether it will go through or need to be reissued.
What happens during the verification process
Once you enter your new account details, PrizePicks initiates a verification process. The platform sends two deposits—usually between $0.01 and $0.99 each—to your new account. These appear in your account within one to two business days, depending on your bank's processing speed.
When you see the deposits, return to your PrizePicks account settings and enter the exact amounts of both deposits. This confirms that you own the account and can receive money there. Only after you've confirmed both amounts will PrizePicks allow you to withdraw to that account. If you don't confirm within a set timeframe (typically 30 days), the verification may expire and you'll need to start over.
If the test deposits don't arrive after two business days, check that you entered your routing number and account number correctly. A single digit wrong will cause the deposits to fail. You can delete the unverified account and re-enter the information to try again.
Removing an old account safely
Once your new account is verified and you've confirmed the test deposits, you can remove the old account from your PrizePicks profile. Before you do, make sure no withdrawals are pending to that account. If you remove an account while a withdrawal is processing, the withdrawal may fail, and you'll need to contact support to have it reissued to your new account.
Check your withdrawal history or pending transactions before removing the old account. If you see a withdrawal that hasn't landed yet, wait for it to complete first. Once it's done and the funds are in your bank account, you can safely delete the old account from PrizePicks.
Troubleshooting common issues
If the test deposits don't arrive, the most common cause is an error in your routing number or account number. Double-check both against your bank statement or check. Routing numbers are nine digits; account numbers vary but are usually 10 to 12 digits. Even one digit wrong will cause the deposits to fail.
If you've confirmed the numbers are correct and the deposits still haven't arrived after three business days, contact your bank to ask whether they've received any deposits to your account. Some banks delay or hold small deposits temporarily. If your bank confirms they haven't received anything, delete the account from PrizePicks and re-enter the information.
If you're trying to withdraw but your account shows as unverified, you haven't yet confirmed the test deposit amounts in your settings. Return to the banking section, look for a prompt to verify deposits, and enter the two amounts. After you confirm, your account will be active for withdrawals.
What to do if you can't access your account settings
If you're locked out of your account or can't find the banking section, try logging out completely and logging back in. Sometimes a session glitch prevents settings from loading. If you're using the mobile app, try the web version instead—the interface is sometimes clearer there.
If you still can't reach your settings after logging out and back in, contact PrizePicks support directly. Have your account email and the last four digits of your current linked account ready. Support can walk you through the process or make the change for you if there's a technical issue preventing you from doing it yourself.
Frequently Asked Questions
How long does it take to verify a new bank account?
The test deposits usually arrive within one to two business days. Once they land, you need to confirm the amounts in your settings right away. After confirmation, your account is active for withdrawals. The entire process typically takes two to three business days from start to finish.
Can I withdraw to a different account before the new one is verified?
No. You can only withdraw to an account that has been verified through the test deposit process. If you need money urgently and your new account isn't verified yet, you'll need to wait or use your old account if it's still linked.
What if I enter the wrong routing number by mistake?
The test deposits will fail and won't reach your account. You can delete the incorrect account from your settings and re-enter the correct routing number. There's no penalty for trying again—just make sure you have the right nine-digit routing number from your bank.
Do I have to remove my old account, or can I keep multiple accounts linked?
PrizePicks typically allows only one linked account at a time for withdrawals. You can't keep multiple accounts active simultaneously. Once your new account is verified, you should remove the old one to avoid confusion about where your next withdrawal will go.
What happens to a withdrawal if I change my account before it processes?
If a withdrawal is already in progress when you change your account, it may fail or be delayed. Contact PrizePicks support immediately with your withdrawal details so they can either complete it to your old account or reissue it to your new one.