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Withdrawal by check safe??

Discussion in 'America the Beautiful' started by gamblegtown, Jan 28, 2007.

    Jan 28, 2007
  1. gamblegtown

    gamblegtown Dormant account

    Occupation:
    student
    Location:
    dc
    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.
     
  2. Jan 28, 2007
  3. sdaddy

    sdaddy Meister Member

    Occupation:
    Retired
    Location:
    Arizona
    You shouldn't have any problems depositing checks from casinos. It's likely harder for banks to monitor paper check deposits than EFTs.
     
  4. Jan 28, 2007
  5. mgibson99

    mgibson99 Dormant account

    Location:
    Washington DC
    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.
     
  6. Jan 28, 2007
  7. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    I cannot see anything going much beyond maintaining lists of accounts connected to online gambling and refusing to process checks drawn on those accounts.
     
    1 person likes this.
  8. Jan 28, 2007
  9. REOdeathwagon

    REOdeathwagon Experienced Member

    Occupation:
    cabdriver
    Location:
    arizona
    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!
     
  10. Jan 28, 2007
  11. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

    Occupation:
    I do nothing productive
    Location:
    Hell on Earth
    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.
     
  12. Jan 28, 2007
  13. REOdeathwagon

    REOdeathwagon Experienced Member

    Occupation:
    cabdriver
    Location:
    arizona
    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
     
  14. Jan 28, 2007
  15. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    It is already happening, isn't it?
     
  16. Jan 28, 2007
  17. REOdeathwagon

    REOdeathwagon Experienced Member

    Occupation:
    cabdriver
    Location:
    arizona
    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]
     
  18. Jan 29, 2007
  19. mgibson99

    mgibson99 Dormant account

    Location:
    Washington DC
    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).
     
  20. Jan 29, 2007
  21. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    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.
     
  22. Jan 29, 2007
  23. footdr

    footdr Banned User: PITA violations of the Forum Rules

    Occupation:
    management
    Location:
    cyberspace
    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
     
  24. Jan 30, 2007
  25. mgibson99

    mgibson99 Dormant account

    Location:
    Washington DC
    This is not new. Its been that way for years.
     
  26. Jan 30, 2007
  27. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    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.
     
  28. Jan 30, 2007
  29. Addisyn

    Addisyn Dormant account

    Occupation:
    Retired
    Location:
    Underground Sewer Access
    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.
     
  30. Jan 30, 2007
  31. Random#rs

    Random#rs Dormant account

    Occupation:
    Retired
    Location:
    South Orange County
    (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.
     
  32. Jan 30, 2007
  33. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    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.
     
  34. Jan 30, 2007
  35. REOdeathwagon

    REOdeathwagon Experienced Member

    Occupation:
    cabdriver
    Location:
    arizona
    Everything good in life, is illegal in Salt Lake City.

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


    CHEERS!
     
  36. Jan 30, 2007
  37. Addisyn

    Addisyn Dormant account

    Occupation:
    Retired
    Location:
    Underground Sewer Access
    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. :lolup:
     
  38. Jan 30, 2007
  39. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    Skiing and hiking are legal.
     

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