View Single Post
  #3 (permalink)  
Old 23rd May 2008, 04:02 PM
Sassy1 Sassy1 is offline
Senior Member
 
Join Date: Nov 2005
Location: USA
Posts: 24
WTGs: 0
WTGd at 0 Times in 0 Posts
Thanks: 37
Thanked 46 Times in 15 Posts
Reputation Points: 240
Rep Power: 13
Sassy1 is very cool!Sassy1 is very cool!Sassy1 is very cool!
I would stay far away from that place! Even if I trusted the site, which I don't, the playthrough requirements make it hard to ever cash out. They give you massive bonuses because they don't want you to be able to cash out:

http://123bingo.com/rules.php

Withdrawal Policy

1. Player may request one (1) withdrawal per seven day period. No withdrawals are permitted within 15 days from initial registration of an account.
2. Your Deposit plus Bonus made must be wagered three (3) times on Bingo games or fifteen (15) times on Casino Games before being eligible to request a withdrawal.
3. Withdrawal requests are processed once a week on Tuesdays and Fridays. Player must make the withdrawal request before 11:59 PM (EST) on Mondays and Thursdays.
4. Minimum withdrawal request is $50. ALL withdrawal requests below $50 will be rejected. Maximum monthly withdrawal limit on bingo and casino game winnings is $5000 ($1250 per week).
5. Winnings derived from any complimentary promotional Bonus Bucks received by the Player are not eligible for withdrawal if the Player's Bingo Account has not previously been funded with a cash deposit within the last 30 days. Player must deposit $25 or more prior to requesting a withdrawal.
6. Once a payout is requested, Player will forfeit all BB’s left in their account up to the value of the remaining cash balance. Example: A Player "x" has $370 cash in account and $250 BB’s. Player withdraws $200 cash leaving $170 cash in account. Player's BB’s will be reduced to 170.
7. In order to ensure the withdrawal amount reaches the right person, all players making their first withdrawal MUST send us a proof of ID and proof of residential address (phone bill or similar). These details MUST match the details listed in their account profile (name, address, phone number and email address). Use of invalid contact details will result in closure of account and all winnings will be forfeited. The documents can be sent toll free (for U.S. residents) via fax to (866) 878-2214, or scanned and sent by email to documents@123Bingo.com.
8. Withdrawal of deposited funds will be issued within 7 business days of being approved by our accounting department. In specific cases, a check will be sent directly to the player by courier. The charge for sending out a check, ($28.00-45.00) will be deducted from the withdrawal. The checks will only be sent out every other week on approved withdrawals.
Reply With Quote
The Following 3 Users Say Thank You to Sassy1 For This Useful Post:
BingoT (23rd May 2008), bryand (23rd May 2008), jod5413 (1st June 2008)