suzeq 
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« on: July 26, 2009, 08:41:15 AM » |
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Hi I have been a member of LCB but don't post very often, but I have a question/need advice. I am from US (wish to not reveal state). I would like some advice on withdrawing. I have withdrawn winnings into my bank account through bank wires but it makes me very nervous. I have never worked in a bank so I am not sure how the process of a wire works or how they know where it is coming from. I am scared they will call one day and want to know where I am withdrawing from. I do have a use my wallett account that I just opened but have not used it for withdrawls yet. How does the use my wallett really work for withdrawls into bank account?? How does it look on your bank statement when you withdrawl with use my wallett?? On my statement for the wire it just states "incoming wire". The options for US to withdrawl are limited. Wish we could withdraw back on to the credit/debit card we deposited with. Anyone have any suggestions?  Thanks! SUZEQ |
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slotsRme
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« Reply #1 on: July 26, 2009, 11:57:25 AM » |
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The withdrawals I have had on 2 particular sites send the money from a New York Bank, so I guess there would be no questions. But, you are correct in that I worry if the bank will question where the money is coming from.
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Jimbeaux
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« Reply #2 on: July 26, 2009, 12:45:28 PM » |
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Hi SlotsRme, Which two casinos were they? Are they casinos or sportsbook's with an attached casino? my big concern when it comes to wire transfers is that as they are coming from out of the country, I can see raising the curiosity of my bank. Fortunately I do a lot of work online in consulting and have a history of depositing checks from around the globe. So fae no red flags were raised, but I have taken the precaution of opening an Ewallet Express account as the deposits and billing for those is simply "Navajo Networks". I am shooting for the Use My Wallet" feature for the lowered withdrawal fees but am not sure how their charges show on a bank statement. |
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The Mind Doc
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« Reply #3 on: July 26, 2009, 01:45:08 PM » |
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I get several wire transfers a month which I spread to three different bank accounts. Never any questions. Banks process thousands of wire transaction per day, simplying having some for a few hundred or a couple of thousand I don't believe would arouse suspicion. Now, if you are getting several in the $10,000 range, that would be suspicious but mostly for I.R.S. reason. Keep in mind, you have to look LONG AND HARD (I have never found anyone) to find someone who got in trouble for online gambling. The Feds tend to shut down the owners. Also, there is NO indication from this current Attorney General there is going to be a crack down on gambling of any kind. I also use EwalletXpress, but only as a holding account. Their fees are TOO high. I just dump winnings in my account ($50 here, $25 there, etc...I am a CASH N DASH gambler) then I deposit into a casino that does not charge a wire fee, gamble a little more, then wire it to my account. |
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hymacaw
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« Reply #4 on: July 26, 2009, 02:14:42 PM » |
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I just had my first unpleasant experience with my credit union "apparently" rejecting a wire transfer of $500. I initiated the withdraw on July 9th, was getting a little nervous about why the funds were not in my account within 7-10 business days as they usually are and was notified this past Friday from the casino ( Jackpot Capital) that my bank had rejected the wire transfer. I have not had that happen before, have any of you? I play at JC quite a bit and have had several wire transfers go through without any problems. Have not contacted my credit union because I am in the process of closing this account (poor service issues). So...I unwillingly decided to go with a certified/cashiers check be sent to me (after I canceled that withdrawal, played a little more and ended up with a $1500 withdrawal) at an enormous fee of $50 (overnight express) which they say takes up to 5 business days to reach me. Now am a little nervous about my credit union wanting to accept a check drawn on a Canadian bank (which is where Support told me it comes from...in US funds!! Anyone have experience with these issues? |
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slotsRme
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« Reply #5 on: July 26, 2009, 05:49:52 PM » |
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Jim Beaux - The casinos I mentioned in my earlier post are from the "Fortune Lounge" group - 7 Sultans and Royal Vegas. To the other question from someone else re: Canadian check - I have received Canadian checks before - no problem depositing. |
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The Mind Doc
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« Reply #6 on: July 27, 2009, 06:28:20 PM » |
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hymacaw. Keep in mind, if banks had to research and investigate every check from Canada and every wire....they'd have no time for making money! I get serveral wires a month and checks from Canada and Hong Kong. No problem. Also, as I have posted before...you are hard pressed to find anyone (do your Google search) who has gotten any trouble from the Feds for getting a little gambling money. The only danger I can think of is this: The IRS seeing your bank account on some sort of audit and asking where this came from. But again, you are hard pressed to find where this has happened.
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