Jackpot Capital says Return Check?

[Nifty29]

I hope it all works out for you! As for Jackpot Capital, I think you were talking to a misinformed live chat person, cause $250 is ridiculous and if you are forced this route I would contact the rep on here first.

Absolutely.

Its another example of why I always advise members NOT to try and solve these kinds of issues via live chat. Its almost always counterproductive as most of them are drones from the subcontinent etc.

Emailing the cashier or support direct is a far better option.

 

[manuels58]

It has been 8 working days since you deposited the check, I always assumed the longest banks made us wait was 10?

My bank had a huge problem when I was getting checks from casinos. On the other hand, my husbands bank never said one word.

You didn't ask them how long it would take? And why would it take so long?

I asked about one of my checks last year, and the woman said they were getting a lot of "these kind of checks" recently, and most of them were bouncing. They eventually cashed it for me, since that one time, I have been giving my checks to my husband to cash at his bank.

There you have a good usage for the husbands
I can imagine what his bank thinks about his hobbies
(just kidding)

My experience with international checks is that the banks collect the money from the issuer between 2-5 days, use it to their normal activity without paying interests and then, when they decide it's time, they credit their customer's account (of course this depends on the customer level in the bank).
That's their business: to sell their customer's money (mainly, although they also use a small part of their own) to achieve profits. The sole condition to perpetuate this business is to avoid the market to think they are having some financial troubles, thus avoiding that a significant part of their customers might show up at their agencies and ask to withdraw their money.

My humble advice: in view of the (relative) small amount, you should try and learn something. First off, ask your bank how long will it take to process and credit the check in your account and, not least, if you will incur in any cost. After the explanations take your decision accordingly.
Remark: Never let your bank take the decisions for you, cause they will always "invent" something to charge you for.

 

[manuels58]

just to add =I had a check made out to me they miss spelled my name so what happened was they issued me another check no charges added my point is that its easily possible for the casino to reissue payment with out added cost to player

Absolutely.

Its another example of why I always advise members NOT to try and solve these kinds of issues via live chat. Its almost always counterproductive as most of them are drones from the subcontinent etc.

Emailing the cashier or support direct is a far better option.

I am sorry, but although I agree that $250 is an absurd (as well as I think the OP might have a wrong idea about the expenses to return the check to the casino!), and also that livechat operators are not the best persons to deal with these matters, the situation with Rockycatt is different from the one of the OP: while with Rockycatt it was the casino's fault (so, the player couldn't incur in any cost), with the OP it wouldn't be casino's fault, but a personal request from the OP, instead.

Remember that casinos are a para-financial organization.

 

[sweets48]

I am sorry, but although I agree that $250 is an absurd (as well as I think the OP might have a wrong idea about the expenses to return the check to the casino!), and also that livechat operators are not the best persons to deal with these matters, the situation with Rockycatt is different from the one of the OP: while with Rockycatt it was the casino's fault (so, the player couldn't incur in any cost), with the OP it wouldn't be casino's fault, but a personal request from the OP, instead.

Remember that casinos are a para-financial organization.

I never talked to live chat. They emailed me. Because I wrote back asking if they could reissue another way.

 

[manuels58]

I never talked to live chat. They emailed me. Because I wrote back asking if they could reissue another way.

Fine, you did it well.
Please note that I didn't quote you on my post

 

[just play]

There you have a good usage for the husbands
I can imagine what his bank thinks about his hobbies
(just kidding)

They forgot what my checks look like.

 

[sweets48]

Fine, you did it well.
Please note that I didn't quote you on my post

Sorry about that manuel, my fault.

 

[manuels58]

They forgot what my checks look like.

I know... Clever girl you are:Angel:

Sorry about that manuel, my fault.

You're welcome, no worries!
(My comment was for another poster, not you)

 

[missmichelle]

I just went through a big production with my bank over a Canadian check. The check was in US dollars but from a bank in Canada. They told me they couldn't just deposit it. They had to send it to collections and there would be a fee for converting it. I told them it is already in US dollars so there shouldn't be a fee since they didn't have to convert it. They filled out a form and told me it would be 8-12 weeks before I heard anything. I deposited it in the beginning of December and just got the funds yesterday. Only problem was on a check for 1000.00 they charged me 105.00.

Forget about a check cashing place. I took one that was from a Canadian bank to them and without doing anything they told me it was bad. I knew it wasn't but they would not even consider dealing with it. Not easy to deal with.

Michelle

 

[Stovetopp]

First time I am reading this thread and noticed it was posted a day or so ago.

I think the problem is with the BANK you are using.

Banks dont wait for the physical checks to arrive before paying it. It done immediately the same night that its deposited
through he elaborate banking system around the world. If its going to bounce it will bounce that very night of deposit.
Funds are cleared electronically.
Change your BANK.

 

[colly]

When I used to have cheques deposited in australia the banks used to take 6-8 weeks to clear and charge a flat Int fee (used to be 10) and an FX fee- the delay is not unusual - as to JP telling you it would cost 250 - tell them to pull the other one- at most 35-50 and that is only a made up fee- it costs about 5-10 to put through a stop cheque and maybe another 5-25 in admin costs if a slow worker on standard wages has to do the processing. I suspect 25 should have been the figure

 

[GrandMaster]

First time I am reading this thread and noticed it was posted a day or so ago.

I think the problem is with the BANK you are using.

Banks dont wait for the physical checks to arrive before paying it. It done immediately the same night that its deposited
through he elaborate banking system around the world. If its going to bounce it will bounce that very night of deposit.
Funds are cleared electronically.
Change your BANK.

It does not work like that with foreign cheques.

 

[dionysus]

I guess, a someone mentioned, it depends on your bank. I won't play where I'm forced to WD by cheque. Here, at least my bank, won't generally just cash a cheque unless they're familiar with the company, or its drawn from a local bank; otherwise they hold it for 5 days.

 

[Mousey]

I guess, a someone mentioned, it depends on your bank. I won't play where I'm forced to WD by cheque. Here, at least my bank, won't generally just cash a cheque unless they're familiar with the company, or its drawn from a local bank; otherwise they hold it for 5 days.

Welll.... let's see... my little bank won't let an international wire thru - plus a wire costs me $100+ by the time everyone takes their cut-, I do not/cannot have a reputable ewallet, sooo... checks it is! So far my bank hasn't said anything... of course they've only had a couple to deal with in the past couple of yearsand they've been for less under $1k. LOL I hardly play anymore anyway because the money merry-go-round to/from casinos is beyond ridiculous.

My household account is with a larger bank, the tellers nearly had a stroke when we tried to split deposit a kind of large cashiers check from out of state my MIL sent us. We've been banking there 20+ years. We ended up depositing it all into our checking, with funds releases to our account gradually... which I don't understand... either the check is good or not, right? What's with 20% released after a week, then a larger percentage a week later?? Anyway, I don't think they'd handle a Canadian check without going nutso.

I swear, you'd think money itself is illegal, and we are at war with the entire world....

 

[manuels58]

First time I am reading this thread and noticed it was posted a day or so ago.

I think the problem is with the BANK you are using.

Banks dont wait for the physical checks to arrive before paying it. It done immediately the same night that its deposited
through he elaborate banking system around the world. If its going to bounce it will bounce that very night of deposit.
Funds are cleared electronically.
Change your BANK.

I am sorry but I have to disagree with you here.
You refer to "National" checks where only Banks in the same country are involved (everything is made at the end of the depositing day, through the "SICOI - Automated Interbank Clearing System", issued by the respective country Central Bank), but this thread is about an "International" check (IC), where the Bank issuer and Bank of the player are located in different countries.

And for ICs it takes at least two working days to clear the check (something usually not available to the "common customers"), but it might take more time, depending on the countries and the Banks.

This basically works like two days for each of the involved Banks to handle the clearing.
Since sometimes (maybe most of the times), there are more than two Banks involved (which would be our Bank and the check issuer Bank), because our Bank usually don't work directly with the issuer Bank but with another local Bank in the issuer's country - to not mentioning other intermediates...), the process might take several days to "really" clear the check.

Of course that the relationship between the Bank and its customer is important to shorten the time to make the check available in customer's account. But that's a different approach.

The final thought is that what is important to the customer/depositor is to have the amount credited in his/her account the sooner possible, and that definitely depends mainly on both the circuit to clearing the check and on the relationship between the Bank and the customer/depositor.

 

[just play]

Welll.... let's see... my little bank won't let an international wire thru - plus a wire costs me $100+ by the time everyone takes their cut-, I do not/cannot have a reputable ewallet, sooo... checks it is! So far my bank hasn't said anything... of course they've only had a couple to deal with in the past couple of yearsand they've been for less under $1k. LOL I hardly play anymore anyway because the money merry-go-round to/from casinos is beyond ridiculous.

My household account is with a larger bank, the tellers nearly had a stroke when we tried to split deposit a kind of large cashiers check from out of state my MIL sent us. We've been banking there 20+ years. We ended up depositing it all into our checking, with funds releases to our account gradually... which I don't understand... either the check is good or not, right? What's with 20% released after a week, then a larger percentage a week later?? Anyway, I don't think they'd handle a Canadian check without going nutso.

I swear, you'd think money itself is illegal, and we are at war with the entire world....

I would switch banks. You have been there 20 years and they are giving you a hard time about a cashiers check, and releasing a bit at a time??? Never heard of such a thing. I would have put up a fuss!

The reason why people use cashiers checks is because the money comes right out of their account immediately, not like a personal check that doesn't come out right away when you write one. We have cashed a few cashier checks, never more than a few thousand, but our banks gave us the money immediately. Isn't that the reason for cashiers checks??? People write them for other people so they can get the funds instantly, unlike a personal check.

Our banks will give us $200 right away on any kind of check before seeing if it will bounce, but that's it.

 

[manuels58]

... My household account is with a larger bank, the tellers nearly had a stroke when we tried to split deposit a kind of large cashiers check from out of state my MIL sent us. We've been banking there 20+ years. We ended up depositing it all into our checking, with funds releases to our account gradually... which I don't understand... either the check is good or not, right? What's with 20% released after a week, then a larger percentage a week later?? Anyway, I don't think they'd handle a Canadian check without going nutso.
...

Please bear in mind that your bank (or the payee Bank, in general) must be the same as of the drawer's, for the Bank to be obliged to pay you the money immediately (either if you deposit the cheque in your checking account and have the money available to use it whenever you wish, or if you cash/withdraw it at the teller).

If your checking account is in a different Bank from the drawer's, the depositing rules between different Banks apply, meaning you will have the funds available only after the clearance of the cheque through the Clearing System.
Of course that, as Just Play says, if you have a good relationship with your Bank (assuming it's not the same as the drawer's) they may make the funds available immediately for you (in total, or partially), but they are not obliged to.

I would switch banks. You have been there 20 years and they are giving you a hard time about a cashiers check, and releasing a bit at a time??? Never heard of such a thing. I would have put up a fuss!

The reason why people use cashiers checks is because the money comes right out of their account immediately, not like a personal check that doesn't come out right away when you write one. We have cashed a few cashier checks, never more than a few thousand, but our banks gave us the money immediately. Isn't that the reason for cashiers checks??? People write them for other people so they can get the funds instantly, unlike a personal check.

Our banks will give us $200 right away on any kind of check before seeing if it will bounce, but that's it.

I have never heard of partial payments from deposited cheques either, although I know that any Bank may give funds in advance to any customer they wish to, something different.

Reason why this could be somehow incoherent, because you are saying that your Bank makes partial payments from deposited cheques for you too

Anyway, for what you say about your relationship with your Bank, they are just giving you a credit in advance for you to use, because they trust you will be able to cover it, if by some reason the cheque you have deposited bounces.
That was probably what happened with Mousey (and his/her? Bank was certainly able to clear the cheque in few days, but they used the funds for some time while they were releasing/dropping the funds partially into Mousey's account).

 

[just play]

Please bear in mind that your bank (or the payee Bank, in general) must be the same as of the drawer's, for the Bank to be obliged to pay you the money immediately (either if you deposit the cheque in your checking account and have the money available to use it whenever you wish, or if you cash/withdraw it at the teller).

If your checking account is in a different Bank from the drawer's, the depositing rules between different Banks apply, meaning you will have the funds available only after the clearance of the cheque through the Clearing System.
Of course that, as Just Play says, if you have a good relationship with your Bank (assuming it's not the same as the drawer's) they may make the funds available immediately for you (in total, or partially), but they are not obliged to.


I have never heard of partial payments from deposited cheques either, although I know that any Bank may give funds in advance to any customer they wish to, something different.

But please excuse me, this is somehow incoherent, because you are saying that your Bank makes advanced/partial payments from deposited cheques for you too

Anyway, for what you said about your relationship with your Bank, they are just giving you a credit in advance for you to use, because they trust you will be able to cover it, if by some reason the cheque you have deposited bounces.
That was probably what happened with Mousey (and his/her? Bank was certainly able to clear the cheque in few days, but they used the funds for some time while they were releasing/dropping it partially into Mousey's account).

I said my bank will give us $200 upfront from any kind of check. I didn't say they would slowly put the rest of the funds in my account. We can get the upfront money, then when the check clears we receive the rest in full, not little by little.

Hope that's more understandable for you.

 

[Mousey]

I would switch banks. You have been there 20 years and they are giving you a hard time about a cashiers check, and releasing a bit at a time??? Never heard of such a thing. I would have put up a fuss!

The reason why people use cashiers checks is because the money comes right out of their account immediately, not like a personal check that doesn't come out right away when you write one. We have cashed a few cashier checks, never more than a few thousand, but our banks gave us the money immediately. Isn't that the reason for cashiers checks??? People write them for other people so they can get the funds instantly, unlike a personal check.

Our banks will give us $200 right away on any kind of check before seeing if it will bounce, but that's it.

We did raise a bit of a fuss. Went thru 3 tellers, head cashier, and finally a manager. No dice. We could have used a small amount of the cashiers check deposit right away, but I didn't want to do that. I was miffed. . You wouldn't believe the questions, either. 'Do you KNOW who sent this to you?' WTF? It's from my MOTHER IN LAW. (I didn't tell them, it was none of their business, but she was repaying a loan from a couple of years ago, and sent a cashiers check so we could use the money right away - for medical bills). LOL And more questions I can't remember till I told the manager to stuff it, because our answers weren't changing how they were going to let us use our own money - 'bank policy'. Changing banks would be soooo much hassle... direct deposits, direct bill pays, even our mortgage is held by these guys. Other than the large check SNAFU, everything's hunky dorey. But it still sticks in my craw....

 

[manuels58]

I said my bank will give us $200 upfront from any kind of check. I didn't say they would slowly put the rest of the funds in my account. We can get the upfront money, then when the check clears we receive the rest in full, not little by little.

Hope that's more understandable for you.

I got it and I had already that understanding.

My reasoning was based on my presumption that, although saying "with funds releases to our account gradually...", Mousey has also received his funds in two parts: "What's with 20% released after a week, then a larger percentage a week later??".
And of course Banks in general always double check everything when the amount of the cheque is quite large (as Mousey said).

I don't know how it goes in other countries, but in Portugal there have been some situations with fake cashier's cheques (and I believe the same happens in other countries).
So, when you arrive at a Bank with a cashier's cheque from another Bank entity, since your Bank is not able to verify the veracity of the cheque, you surely will be faced with some "buts" and delays, mainly if it's a large amount (as it seems to have been the case with Mousey).

As I said before, to get funds in advance to deposited cheques might be quite normal.
In my personal experience, I (my companies/firms) have always been allowed by all the Banks I worked (and work) with to use the funds in my account the same day I deposit the cheques.
But that's something that took myself (my companies, more precisely) several years to achieve of course, that's not something very common (at least in Portugal).

 

[just play]

But it still sticks in my craw....

Can I nominate that for best one liner?



p.s. Manuels...Mousey is a woman

 

[vinylweatherman]

We did raise a bit of a fuss. Went thru 3 tellers, head cashier, and finally a manager. No dice. We could have used a small amount of the cashiers check deposit right away, but I didn't want to do that. I was miffed. . You wouldn't believe the questions, either. 'Do you KNOW who sent this to you?' WTF? It's from my MOTHER IN LAW. (I didn't tell them, it was none of their business, but she was repaying a loan from a couple of years ago, and sent a cashiers check so we could use the money right away - for medical bills). LOL And more questions I can't remember till I told the manager to stuff it, because our answers weren't changing how they were going to let us use our own money - 'bank policy'. Changing banks would be soooo much hassle... direct deposits, direct bill pays, even our mortgage is held by these guys. Other than the large check SNAFU, everything's hunky dorey. But it still sticks in my craw....

You could have an account at a different bank in addition to the main one, and you could then "punish" your bank by having your income moved over to it, and just moving enough over to settle the payments that come out of it. If they ask why, you can tell them that you and your family felt insulted over the way they treated your Mother In Law's cashier check as though she and you were "terrorists or something".

Despite what they claim, this IS the bank getting personal, as if this happened to people such as business bosses, senators, etc, there would be a crackdown right from the top. Imagine your congressman (or woman) being told his campaign donations would be held over several weeks rather than credited for use in the campaign when they came via something like a cashiers check.

This business of ALL international wires being rejected also seems odd given that it stems from what is supposedly a minor issue of a small minority of US citizens gambling online. The vast majority of international payments must be legit, right from the large corporate transactions right down to individuals selling stuff on eBay. I can buy stuff from the US via sites like eBay, and of course would have to pay the seller via an international method. It is up to the UK government to decide whether I must also pay duty on what I have bought, or whether it is legal to import it into the UK.

US banks operating a closed system like this on a large scale would be a drag on the economy, and common sense says this would never be done as a blanket policy. It follows therefore that individuals are being targetted based on mere suspicions, and given that the US just loves it's litigation, could be an issue the banks would fold on if the pressure was really applied - hence why they would not be inflicting this kind of BS on your congressman or senator.

 

[Jasminebed]

Other than charging a fee for currency exchange, US cheques are not viewed with such suspicion by Canadian banks in my experience. None have every been gambling related, but there have been personal ones in the past.

I don't know about JC's policy, but CW casinos don't offer cheques as a withdrawal option for Canadians, and it's my understanding they are from Canadian banks as well?

As for cashier cheques, there has been a lot of fraud with fake ones. A common scheme is to purchase a car or boat, and the office "makes a mistake", or they had it for another boat that fell through, and it's asked that the cheque be cashed and the difference (several thousands usually) be given to them. They never return for the boat. It's often a month before the bank is now looking for the return of $25K or so. This fraud was attempted with my roomie's dad.... luckily her mom was savvy enough to tell him not to, and he was savvy enough to listen to her. I am not surprised Mousey was asked if she knew the person. When it was reported to the police, they had quite a file and no leads on this pair of crooks.

 

[weesie]

So many US banks are closing as it is. They are being taken over right and left by larger or feds.

It has been so long since I had a withdrawal from anywhere but 3dice, I don't know what my options are anymore.

Is "pay my card" still a good one for CWC??

 

[Mousey]

I got it and I had already that understanding.

My reasoning was based on my presumption that, although saying "with funds releases to our account gradually...", Mousey has also received his funds in two parts: "What's with 20% released after a week, then a larger percentage a week later??".
And of course Banks in general always double check everything when the amount of the cheque is quite large (as Mousey said).

I don't know how it goes in other countries, but in Portugal there have been some situations with fake cashier's cheques (and I believe the same happens in other countries).
So, when you arrive at a Bank with a cashier's cheque from another Bank entity, since your Bank is not able to verify the veracity of the cheque, you surely will be faced with some "buts" and delays, mainly if it's a large amount (as it seems to have been the case with Mousey).

As I said before, to get funds in advance to deposited cheques might be quite normal.
In my personal experience, I (my companies/firms) have always been allowed by all the Banks I worked (and work) with to use the funds in my account the same day I deposit the cheques.
But that's something that took myself (my companies, more precisely) several years to achieve of course, that's not something very common (at least in Portugal).

Yes, fake checks are very prevalent here, also. Not just local forgeries, but poor deluded people receive bogus checks thru the mail asking them to go cash it and send just a percentage (via WU or MO) to the address in the letter. One of the tellers at yet another bank said she sees probably a dozen of those scam checks a week. And that's just one teller in one very small town.

However... at the moment I really don't have any other options for withdrawal...

So many US banks are closing as it is. They are being taken over right and left by larger or feds.

And I think that right there is partly to blame for me not being able to receive wires. When my bank 'merged' (unbeknownst to me) last year, our SWIFT is now for a different bank and doesn't match up with the name of where I acutally bank... it's a mess...