Redeeming Funds
Rules & Restrictions
A user must provide a verified Social Security number in order to redeem funds from their Chalkboard Wallet.
Winnings from a contest entered with a combination of cleared and uncleared funds cannot be redeemed until all funds clear.
Redemptions must be made to a U.S. bank account held in the name of the verified user.
A user cannot redeem more than $5,000 in CB Cash in a 24-hour period.
Chalkboard reserves the right to suspend redemptions if suspicious activity is detected in a user’s account.
How Fast is Chalkboard Payout?
We process redemptions at the top of every hour, Monday–Sunday, from 8:00 AM EST to 2:00 AM EST. Once a redemption is approved, funds typically land in your account within 12 hours.
However, in some cases, it may take a few days for your bank or credit card company to reflect the transaction. We have no control over bank processing times, and certain circumstances—such as slow bank processing, weekends, or bank holidays—may lead to longer redemption times.
The minimum amount for redemptions is $50.
Note: Chalkboard reserves the right, in its sole discretion, to limit a Participant’s redemption of CB Cash to the value of USD $1,000 per week and $5,000 per month. No more than the stated number of prizes will be awarded per individual.