ACH (Automatic Clearing House)

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ACH (Automatic Clearing House)

 

This is a method of funding where you can transfer funds into your wagering account directly from your checking account.

 

***Hollywood Races Waives All Fees on ACH Transfers***

 

Please note that ACH Deposits will show as being charged by Sportech Venues

 

Minimum Deposit: $25

Maximum Deposit: $500 on first deposit using ACH

 

*** ACH Maximum limits can be adjusted and Instant ACH ability may be granted after two successful deposits of waiting for the ACH to clear the banking system holding period. If you would like to request a higher deposit limit, you may do so by emailing your completed Instant ACH Request Form to management@hollywoodraces.com.

 

The Instant ACH Request Form can be downloaded here

 

*** Instant-ACH limit - We will not issue any Instant-ACH requests until two ACH’s have successfully cleared and you have reached out to management@hollywoodraces.com to request Instant-ACH access. The amount of Instant-ACH limits will depend on your relationship as an account holder. When requesting an ACH transfer, the amount you request will only be available in your wagering account after it has cleared the holding period put in place by both your banking institution as well as ours. These holding periods are beyond our control.

 

 

 

Previous deposits pending bank clearance - Those ACH transfers which were available to you instantly but not yet fully cleared by the banking network, reduce the amount you may request for Instant-ACH. As soon as they are cleared, the amount is once again added back to your Instant-ACH limit.

 

Any request greater than your current Maximum Instant-ACH available will force that entire transaction amount to only be available in your wagering account once it is cleared fully by the banking networks.

 

  • Your bank may withdraw the funds several days before they make them available to us for deposit into your account. ACH transactions may take up to seven (7) business days (excluding Saturdays, Sundays and Holidays). This timing is completely beyond our control.
  • Any request greater than your current Maximum Instant-ACH available now may take up to seven (7) business days (excluding Saturdays, Sundays and Holidays) or more to be available in your wagering account. This timing is completely beyond our control.
  • We will not issue any Instant-ACH requests until two ACH’s have successfully cleared and you have reached out to management@hollywoodraces.com to request Instant-ACH access.
  • If you would like to discuss having your personal Instant-ACH settings adjusted, please contact Management@hollywoodraces.com.

 

 

IMPORTANT ACH FACTS

  • Availability of funds deposited via ACH and the maximum deposit allowed will depend on the customer account holder relationship with Hollywood Races.
  • Hollywood Races does not charge a fee when you choose to fund your account via ACH, however, your bank may charge a fee for the service.
  • As the wagering account holder, you are responsible for any fines levied against Hollywood Races as a result of an unsuccessful ACH transfer.
  • Any ACH transfer deposit that is returned from the bank as unpaid will result in loss of ACH deposit privilege and the account holder will be ineligible for ACH transfers moving forward.

 

Please contact Hollywood Races Management to discuss raising future funding limits:

 

Please email your request to Management@hollywoodraces.com