Change your bank through the PrizePicks account settings
To change the bank account linked to your PrizePicks account, log in to the app or website, go to your account settings, find the payment or banking section, and select the option to update or remove your current bank. You'll then add a new bank account using your routing number and account number. The process takes a few minutes, but PrizePicks may need to verify the new account before you can withdraw funds—this verification usually involves two small test deposits that appear in your bank account within one to two business days.
You don't need to contact PrizePicks support to make this change yourself. The self-service option is built into the app and website specifically so you can update your payment method without delay. However, if you run into an error during the process or your new bank won't connect, support can help troubleshoot.
Key Takeaways
- You can change your linked bank account directly in PrizePicks settings under the payment or banking section without contacting support.
- PrizePicks verifies new bank accounts using two small test deposits, which typically appear within one to two business days.
- You'll need your routing number and account number from your new bank to complete the connection.
- Removing your old bank account and adding a new one takes only a few minutes, but don't attempt a withdrawal until verification is complete.
Where to find the banking settings in the app
On the PrizePicks mobile app, tap the menu icon (usually three horizontal lines) in the bottom right or top left corner, depending on your device. Look for "Account," "Settings," or "Profile." Once you're in your account area, scroll down until you see "Payment Methods," "Banking," "Withdrawal," or "Bank Account." Tap that option to see your currently linked bank.
The exact label changes occasionally as PrizePicks updates the app, but the banking section is always in the main account menu. If you can't find it after checking the account area, try searching within the app for "bank" or "payment"—most apps have a search function that will take you directly there.
Steps to remove your old bank and add a new one
Once you're in the banking section, you'll see your current bank account displayed. Look for a button or link that says "Remove," "Delete," or "Change Bank." Tap it. PrizePicks will ask you to confirm that you want to remove the account—this is a safety step to prevent accidental deletion. Confirm the removal.
After the old account is removed, look for an "Add Bank Account" or "Link Bank" button. Tap it, and you'll be asked to enter your new bank's routing number and your account number. These are printed on the bottom left of your checks, or you can find them by logging into your bank's website or app and looking at your account details. Enter both numbers carefully—a mistake here will cause the verification to fail.
After you submit the information, PrizePicks will tell you that verification is pending. You should see two small deposits (usually under $1 each) appear in your new bank account within one to two business days. Write down the exact amounts of these deposits.
Verifying your new bank account with test deposits
Once the two test deposits land in your bank account, go back to the PrizePicks app and return to the banking section. You should see a prompt asking you to verify the deposits. Enter the exact amounts of the two deposits in the order PrizePicks asks for them. If you enter them correctly, your new bank account will be verified immediately, and you can withdraw funds right away.
If you enter the amounts incorrectly, PrizePicks will tell you and let you try again. You typically get three attempts before the verification process resets. If you can't find the deposit amounts or they don't appear after three business days, contact PrizePicks support with your account information and the date you linked the bank. They can manually verify the account or resend the test deposits.
What to do if your bank won't connect
Some banks, particularly smaller regional or credit union banks, don't connect smoothly to PrizePicks through the automated system. If you see an error message when entering your routing and account numbers, double-check both numbers against your bank statement or your bank's website. A single digit wrong will cause the connection to fail.
If the numbers are correct and the error persists, your bank may not be in PrizePicks' system yet, or there may be a temporary connection issue. Wait a few hours and try again. If it still doesn't work after a second attempt, contact PrizePicks support and provide your bank's name, routing number, and the exact error message you received. Support can sometimes add banks manually or suggest an alternative withdrawal method.
Timing: when you can withdraw after changing banks
You cannot withdraw funds to your new bank account until verification is complete. This means you need to wait for the test deposits to arrive (one to two business days), enter the amounts to verify them (instant), and then your account is ready. In the best case, this takes two to three business days from the moment you link the new bank. In slower cases, it can take up to five business days if your bank processes deposits slowly.
If you need to withdraw funds urgently and your new bank isn't verified yet, check whether PrizePicks offers other withdrawal methods—some accounts can use PayPal, a debit card, or other options while the bank account is pending. Contact support to ask what alternatives are available on your account.
Frequently Asked Questions
Can I have two bank accounts linked to PrizePicks at the same time?
No. PrizePicks allows only one bank account per account at a time. You must remove the old one before adding a new one, or remove it after the new one is verified. If you want to switch between two banks regularly, you'll need to remove and re-add each time, which takes a few minutes.
What if I enter the wrong routing or account number?
The connection will fail, and you'll see an error message. Go back and re-enter the correct numbers. If you're unsure of your numbers, log into your bank's app or website, call your bank's customer service line, or look at a check. Do not guess—an incorrect number will not verify.
Do the test deposits stay in my account or do I have to send them back?
The test deposits stay in your account. They are small amounts (usually under $1 total) that PrizePicks sends to confirm the account is real and belongs to you. Once verified, the money is yours to keep.
How long does it take to withdraw money after my new bank is verified?
Withdrawal times depend on your bank, not PrizePicks. Most banks process ACH transfers (the method PrizePicks uses) within one to three business days. Some banks are faster; some take longer. Check your bank's ACH processing times if you need the money by a specific date.
Can I change my bank account on the PrizePicks website instead of the app?
Yes. Log into your PrizePicks account on the website, go to account settings or profile, find the banking or payment section, and follow the same steps as you would in the app. The process and verification method are identical.