usemywallet on bank statements...

[weplant]

I didn't know where to post this..Ok, lets say you are in the process of making some changes to your business,etc. and they need to see copies of your bank statements..On your bank statements is lots of UMW/QT (quicktender purchases,etc.), how would you explain what these are if asked??? What else could you use usemywallet for? Thanks so much...I hope this makes sense...

 

[lnspin]

Porn.

Seriously, tell them its an online payment service like pp

 

[just play]

Porn.

Wow Mr. Inspin, you spend that much on porn a month? Says the banker...maybe you should think about getting a girlfriend.

 

[silcnlayc]

I told mine it was for online purchases before I separated my fun money from my important money. Best bet is to make sure you have 2 accounts though. One for business one for personal. I use one account to fund the other account at same bank (no trail) and then deposit to usemywallet from my fun account that no one needs to see.


.

 

[vinylweatherman]

Is it any of their business. The statement is shown to verify your income and outgoings, not the detail of what they are for. The simple explanation is that they are a mix of personal and business outgoings, and the personal ones are none of their business. After all, they could be payments for private medical services for an embarrassing condition that you would be reluctant to discuss with family, let alone a BANK. They can see the descriptor, and as a bank they should KNOW what the nature of the entry is.

It seems much of this is designed to trick customers into admitting an entry is a gambling transaction, something the banks suspect might be the case with some descriptors. Once they have that admission, they can act on it, and this could result in them blocking the transactions, reversing those already made, and in cases such as this they might even inform the old bank what they have found out, and they in turn might reverse the transactions. This could then leave the player with a record of multiple chargebacks with various casinos.

 

[anniemac]

Exactly. None of their business. Just turned mine in for my new car and nobody questioned a thing. If they did, they wouldn't have got the right answer.

Or if it's a problem to you, have two separate accounts.

 

[weplant]

Thank you everyone for your replies. Unfortunately they are going to be looking at my business and personal records..I will just say I use a on line service for personal purchases...However, on my personal account is some transferes in from QT for wins..Ok, you guys are good at this, where do I tell them this transfer came from..Maybe I can say I borrowed money and the person used a online company to transfer the money..OMG...gambling, gambling, gamblilng...Thanks for all the help..

 

[rockycatt]

Thank you everyone for your replies. Unfortunately they are going to be looking at my business and personal records..I will just say I use a on line service for personal purchases...However, on my personal account is some transfers in from QT for wins..OK, you guys are good at this, where do I tell them this transfer came from..Maybe I can say I borrowed money and the person used a online company to transfer the money..OMG...gambling, gambling, gambling...Thanks for all the help..

on the Q T site there's a remark by them to contact them for advise about inquires into transactions from them they will tell you what to say

 

[JAMES50]

I would switch banks if they Ever ask what a payment was for...None of ther biz at all..Or the govrnment's unless one is being accused of fraud...

 

[oldtrvlagt]

You sold coins overseas at an auction and the buyers in Europe use this ewallet Trust me, I've thought about this a lot! I also do travel consulting (good for those charges from Dubai..especially the bike shop..never could figure that one out)...but it helps to do some "consulting"

 

[rockycatt]

actually ive been investagated about 5 times this is what i said

this was the charge against me from the bank (you have been doing business in the middle east ]



thisis /was my answer to witch they folded TO ------->

quote - look im retired and i like to stay up real late and i buy goods and services on the Internet

now you say im doing business in the middle east , ? WHERE in the middle east they replied Dubai my reply thats not the middle of the middle east it probably on the edge of it AND rhere a great friend and Allie to the united states
and if you have a memory you would recall president bush fighting tooth and nail to get them to protec our sea ports after [911 attack]

now that said you pay to what ever vendor you want to and deny any one you want to also if you dont want me shopping in dubai then send me a letter telling me to stop buying goods and or services from dubai

as for my cc of witch i have two with you and you have suspended one when will you reinstate it

there answer was tomorrow am your cc will be reinstated

and thats the last heard from them except to just confirm purchases
and now there charging me about .50 to .75 cents for foreign transactions

good luck on the felt R. C.

 

[nisosbar]

now that said you pay to what ever vendor you want to and deny any one you want to also if you dont want me shopping in dubai then send me a letter telling me to stop buying goods and or services from dubai

Actually, this isn't even posturing; it's the truth. Last I checked, w+e don't live in a totalitarian state.

 

[felicie]

Whats that saying if it sounds like a duck and looks like a duck nisosbar. When I was asked about 'out of the country' transactions as my bank called them, I said I had a website with a webstore and would be doing a lot of them and they haven't asked since. It's almost as if they made one big effort on or around June 1 and then said the hell with it. I also asked my bank after my last incoming wire from qt if it was necessary to use 3/4 of the statement page to describe one incoming wire transfer. It went from 3 words to l2 lines of some kind of mystery bank code. I'm not interested in all that crap but somebody somewhere must be.