Withdrawal by check safe??

[gamblegtown]

I won money at golden casino of a nearly 20k and in just a day they no longerwithdraw to click2pay. So they told me that they would send by check.(their withdrawal is 8k per week) I wanted to get an input as to if casinos will send the check and if they do whether the check would be any good. This u.s legislation has had a very bad effect. Now I'm finally getting some of my money back and now I don't know if I'll even have my money. this really sucks. the neteller situation came at a very bad time. I had 10k in neteller that I haven't received.

 

[sdaddy]

You shouldn't have any problems depositing checks from casinos. It's likely harder for banks to monitor paper check deposits than EFTs.

 

[mgibson99]

You shouldn't have any problems depositing checks from casinos. It's likely harder for banks to monitor paper check deposits than EFTs.

I really wouldn't make that assumption. Checks would fall under the scope of the new law. Banks may accept casino checks now, but at some point (soon) they will be forced to figure out a way to address this.

Given the millions (billions?) of checks that banks process, much of it automated, I don't see how they could examine each check individually to verify that it is not related to gambling, but that's a problem they will have to deal with to be in compliance with the law. Given what's at stake, you can bet they will figure it out eventually.

 

[GrandMaster]

I cannot see anything going much beyond maintaining lists of accounts connected to online gambling and refusing to process checks drawn on those accounts.

 

[REOdeathwagon]

I cannot see anything going much beyond maintaining lists of accounts connected to online gambling and refusing to process checks drawn on those accounts.

The casinoes will then close those accounts and create new ones, cat and mouse.
IMO, the banks want nothing to do with this. Besides, the appearance of being compliant with the law.

gamblegtown, if you can actually get a check in your possession, cashing it should be no problem.



CHEERS!

 

[lots0]

I cannot see anything going much beyond maintaining lists of accounts connected to online gambling and refusing to process checks drawn on those accounts.

I think you VASTLY under estimate the American Banking systems terrorist paranoia at the moment.

I have on several occasions been turned in to Homeland Security for "coloring up" money.

With a pocket full of $50 dollar bills, about $3000 worth. I walk into a bank and ask to have the bills changed to $100's, the clerk happily informed me that my ID was now required just to change money and after taking my ID and with a smiling face told me she had just reported me and the transaction to Homeland Security.

You can rest assured that ANY paper check out of the "ordinary' or over a certain dollar amount WILL be questioned, closely examined and reported.

 

[REOdeathwagon]

You can rest assured that ANY paper check out of the "ordinary' or over a certain dollar amount WILL be questioned, closely examined and reported.

lots0, you made a very good point here. I do think it would be wise to keep check amounts below $1000.00 USD.

Before it used to be 10,000.00 USD, without keying additional scrutiny or suspicion. Now, it does seem as if the bar is lower

 

[GrandMaster]

You can rest assured that ANY paper check out of the "ordinary' or over a certain dollar amount WILL be questioned, closely examined and reported.

It is already happening, isn't it?

 

[REOdeathwagon]

It is already happening, isn't it?

Yes GrandMaster. But it is my feeling that this has to do with the Patriot Act, and nothing to do with the UIGEA, or I gaming - yet.

When I got my Crypto checks. They were from Cyprus based banks, and I felt a little leary about them. [the banks region, not the check amounts]

 

[mgibson99]

I do think it would be wise to keep check amounts below $1000.00 USD.

If that's the case, then the high roller is out of the game. Up until recently, I was frequently doing large cashouts to Neteller, then transferring the money to my bank account. I've done many over $5000, and several over $10,000 (had to break it up into a couple of EFT's, since Neteller wouldn't let me transfer more than $5000 at a time).

 

[winbig]

If that's the case, then the high roller is out of the game. Up until recently, I was frequently doing large cashouts to Neteller, then transferring the money to my bank account. I've done many over $5000, and several over $10,000 (had to break it up into a couple of EFT's, since Neteller wouldn't let me transfer more than $5000 at a time).

From what I understand, the "Flag" limit is $3,000 now..At least that's what it's going to be for the new "tracking" system they're working on to be in place by 2009.


If Neteller will only transfer $5,000 at a time, they're really in a world of hurt. I'm sure the DoJ is going to take that as an attempt to circumvent the laws of having to claim > $10,000 in gambling transactions.

 

[footdr]

NEW PROBLEM WITH CLICK2PAY

The post does not say why the casino can not transfer funds t Click2pay.

I JUST TRIED TO MAKE A WITHDRAWAL AT CLICK2PAY, GUESS WHAT, NO WITHDRAWAL LINK. ITS GONE

called them and was told it is temporary and the link should be back soon! I asked like in a day, week , what? she didnt know. So I commented how do you know it will be soon them?

This place is really messed up

 

[mgibson99]

If Neteller will only transfer $5,000 at a time, they're really in a world of hurt.

This is not new. Its been that way for years.

 

[winbig]

This is not new. Its been that way for years.

You're taking it out of context. Read the rest of my post carefully. The DoJ can construe the $5k max as bypassing the law - where they have to report gaming transactions over a certain amount.

 

[Addisyn]

I just received my first withdrawal check. It was from Crazy Vegas. The check was from a Salt Lake City, UT bank. So I suppose that is one way around any problems by simply using a US bank to pay us.

 

[Random#rs]

(b) REQUIREMENTS FOR POLICIES AND PROCEDURES.
In prescribing regulations under subsection (a), the Secretary and the Board of Governors of the Federal Reserve System shall-
(1) identify types of policies and procedures, including nonexclusive examples, which would be deemed, as applicable, to be reasonably designed to identify and block or otherwise prevent or prohibit the acceptance of the products or services with respect to each type of restricted transaction;
(2) to the extent practical, permit any participant in a payment system to choose among alternative means of identifying and blocking, or otherwise preventing or prohibiting the acceptance of the products or services of the payment system or participant in connection with, restricted transactions;
(3) exempt certain restricted transactions or designated payment systems from any requirement imposed under such regulations, if the Secretary and the Board jointly find that it is not reasonably practical to identify and block, or otherwise prevent or prohibit the acceptance of, such transactions

This is apparently where the Check situation is. Maybe not so in the more distant future. But I believe this type of transaction will not be in "The Designated Payment system", except as a request for Banks to make any reasonable effort. The 'Check' problem is what the Banks cried the loudest about. I mean they cried "FOUL!!!" . It is far too expensive for them to implement a screening system that they could be held responsible for under UIGEA.

This may also be where a U.S. Citizens right to hold an account in a Bank other than the U.S. would fall into this section of UIGEA.

 

[GrandMaster]

I just received my first withdrawal check. It was from Crazy Vegas. The check was from a Salt Lake City, UT bank. So I suppose that is one way around any problems by simply using a US bank to pay us.

Salt Lake City is a place where there is no doubt about gambling being illegal. I got cheques from drawn on Wells Fargo, Carson City, NV, from Proc-cyber a few years ago.

 

[REOdeathwagon]

Everything good in life, is illegal in Salt Lake City.

One exception - GUNS.....The Second Amendment..The Original Homeland Security


CHEERS!

 

[Addisyn]

Maybe that is why it came from Salt Lake City. Like sending a picture of your ass with your documents. Like a up yours to Utah.

 

[GrandMaster]

Everything good in life, is illegal in Salt Lake City.

One exception - GUNS.....The Second Amendment..The Original Homeland Security


CHEERS!

Skiing and hiking are legal.

 

[Slugo]

I just received my first withdrawal check. It was from Crazy Vegas. The check was from a Salt Lake City, UT bank. So I suppose that is one way around any problems by simply using a US bank to pay us.

Me to execpt that it is from Trident.

 

[lots0]

In Utah they don't like Gambling or Drinking or Sex (Some of them do have more than one wife though, so I think they like to be miserable.) But they do LOVE money and really dislike the US Federal Government, so they are not all bad.