Has anyone had problems with your banks....

[Sportsrmylife]

questioning you about bank wire deposits or withdrawals from offshore sportsbooks or poker sites?

Also what amounts of deposits to your bank from the offshore site brings attention?

Any paperwork needed to be completed and how do you address questions? Do you admit you are gambling offshore?

Thanks for any info

 

[KingRevolver]

Re: Has anyone had problems with your banks....

Never had an issue.

I'd deny it if they questioned me, and say I'm going to take my money out and go to another bank.

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

What type of questions had you had to answer in the past? Is there a bankwire amount that sets off alarms say $25k or more that tells them to bring you in for a sit down to ask where this money is from?

 

[TomBrady#1]

Re: Has anyone had problems with your banks....

My Bank denied my wires and know exactly why. They also question me on some checks on deposits. I do not even try any more wires and have thought of getting another bank.

 

[Ray Luca]

Re: Has anyone had problems with your banks....

What type of questions had you had to answer in the past? Is there a bankwire amount that sets off alarms say $25k or more that tells them to bring you in for a sit down to ask where this money is from?

10K and up get reported to FED

 

[TomBrady#1]

Re: Has anyone had problems with your banks....

Those new bank rules and regulations a few years back have them checking anything "suspicious". Plus they can see the destination and if it obvious...and they are looking at it,...then it is easy for them to find out.

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

My Bank denied my wires and know exactly why. They also question me on some checks on deposits. I do not even try any more wires and have thought of getting another bank.

I've had my bank call me for "suspicious" activity as my offshore deposits show up as a weird payment to China.

How have you gotten your money out of your accounts then? Also are getting withdrawals via western union any easier? How about getting a check and going to a 24/7 cash place, paying the juice for them to cash it and getting your money that way?

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

10K and up get reported to FED

Thanks for the info Ray.

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

I would like to know how some of the professionals that use offshore like Mike Greene get their money withdrawan? What problems they have had and how they have dealt with it.

Maybe JK has some insight through conversations in this matter.

 

[TomBrady#1]

Re: Has anyone had problems with your banks....

I've had my bank call me for "suspicious" activity as my offshore deposits show up as a weird payment to China.

How have you gotten your money out of your accounts then? Also are getting withdrawals via western union any easier? How about getting a check and going to a 24/7 cash place, paying the juice for them to cash it and getting your money that way?

It is hard. Spread things out as much as you can. MG, Western Union. checks etc....you can go that 24/7 place as I have thought of that but have not yet. AIn't paying that much money for MY money unless I have too. Keep the amounts as small as possible 2k and less.....G/L

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

Thanks Tom.

I use a very small local bank right now and I know they have my best interest in terms of fraud watching my account. Each time that I have deposited into an offshore I get a phone call from a lady saying I have some weird activity and if it is ok I don't need to call her back which is nice.

I know that spreading it out as much as possible is going to be the option and yes I agree with you that paying someone to cash YOUR money is bullshit but that is the market we are in when you are dealing with offshore books. I'm going to try to get in touch with some online poker pros that live near me (within 2 hours that is) and ask them how they have taken money off their online accounts.

I do know if I remember correctly that the 24/7 cash places ask for about 3% to cash you check. So $1000 costs you $30. Sucks but until something that is ok'd by the US government is allowed the juice eats at you all over the place.

 

[tripp]

Re: Has anyone had problems with your banks....

I have had banks call me and put holds on my wire transfers until they have spoken to me about where it's coming from and if it's a legit operation. I try to keep wire transfers pretty small, but just two weeks ago had a hold on a transfer of just $680. There was no issue after I explained where it was coming from (thankfully this wasn't directly from the offshore site and was instead coming from entropay, so was very easy to explain it was coming from an online credit card).

I used to always withdraw via MG/WU, but can be a hassle when you are withdrawing a couple grand or more and always a little sketchy going to those places with names like Jose Fernando Esqula from Costa rica.

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

Tripp

I completely understand about the "jose from costa rica" type of questions. Back about 2004 I'd be able to send $1500 offshore via western union without anyone blinking an eye at me. The last time I used it the lady just about had my undress to my short hairs just to get $300 offshore.

What did you tell you were getting the money from and for what? Did you claim an online business where you getting paid?

Thanks for you insight to this question of mine. Very good to know.

 

[texaswizzard]

Re: Has anyone had problems with your banks....

Here's what I did and not most people can do this. I became a shareholder in a small community bank in my hometown. I became good friends with the president of the bank. He isn't an idiot. He knows what I do with betting offshore. He lets all the wires and western union deposits go through like clockwork. I support his bank by being an investor and keeping from 20K to 80K in my checking account at all times. The big banks are impersonal and a pain in the ass. Find a small bank that only has one or two branches and make friends with people in charge and I'd bet you'll see that you'll rarely ever or never have a problem.

 

[cheapseats]

Re: Has anyone had problems with your banks....

I would like to know how some of the professionals that use offshore like Mike Greene get their money withdrawan? What problems they have had and how they have dealt with it.

Maybe JK has some insight through conversations in this matter.

I would bet a bunch that he has an agent relationship, especially the books he says he is funded at, such as Pinny.

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

Here's what I did and not most people can do this. I became a shareholder in a small community bank in my hometown. I became good friends with the president of the bank. He isn't an idiot. He knows what I do with betting offshore. He lets all the wires and western union deposits go through like clockwork. I support his bank by being an investor and keeping from 20K to 80K in my checking account at all times. The big banks are impersonal and a pain in the ass. Find a small bank that only has one or two branches and make friends with people in charge and I'd bet you'll see that you'll rarely ever or never have a problem.

This is a very very interesting angle. How did you go about becoming a big enough shareholder that the prez allows you to "do what you do"? I have plenty of small time banks in my area that I could get friendly with.

My thinking was always that bigger national banks (Wells Fargo for one) would be easier to get bigger transfers in and out of that place since there are millions of transactions that go through each day.

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

I would bet a bunch that he has an agent relationship, especially the books he says he is funded at, such as Pinny.

Great point and this is probably true. I forgot that angle. Now the way I need to go is to find an agent for each of my offshore books that I have now if that is possible and then my deposit/withdrawal problem sort of takes care of itself.

 

[Tuckman]

Re: Has anyone had problems with your banks....

The day i need to postup offshore will probably be the day i never make another wager in my life

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

The day i need to postup offshore will probably be the day i never make another wager in my life

I will add "to be like Tuckman in the betting world" to my bucket list tonight. When "locals" start to offer live betting and 2nd half places on all games then I won't have to worry. Til then the offshore is my home.

 

[Tuckman]

Re: Has anyone had problems with your banks....

I use Pinny, Cris, Dimes, Grande

I play strictly offshore. Jumping thru hoops to send money, pay fee's, deal with withdrawls rollovers, etc etc is not on my bucketlist of fun when its hard enough to win without the headaches

 

[tripp]

Re: Has anyone had problems with your banks....

Tripp

I completely understand about the "jose from costa rica" type of questions. Back about 2004 I'd be able to send $1500 offshore via western union without anyone blinking an eye at me. The last time I used it the lady just about had my undress to my short hairs just to get $300 offshore.

What did you tell you were getting the money from and for what? Did you claim an online business where you getting paid?

Thanks for you insight to this question of mine. Very good to know.

Well i was using entropay which is an online visa pretty much so I simply claimed I had purchased a bunch of items online that I later refunded and they would only refund the money to my online credit card, so i had to transfer that money to my bank. Went over smoothly, the only issue is, like offshore sites, they have a random name they come across as for transfer/credit card bills (like your weird payment to China). So didnt look great when the bank questions you and you explain the situation only to have it come across as something different on their computer screen

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

I use Pinny, Cris, Dimes, Grande

I play strictly offshore. Jumping thru hoops to send money, pay fee's, deal with withdrawls rollovers, etc etc is not on my bucketlist of fun when its hard enough to win without the headaches

Well I hope to sit down with you in vegas and hear from you how this is done. I'll even buy you some drinks while this takes place.

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

Well i was using entropay which is an online visa pretty much so I simply claimed I had purchased a bunch of items online that I later refunded and they would only refund the money to my online credit card, so i had to transfer that money to my bank. Went over smoothly, the only issue is, like offshore sites, they have a random name they come across as for transfer/credit card bills (like your weird payment to China). So didnt look great when the bank questions you and you explain the situation only to have it come across as something different on their computer screen

I can see this working a few times but before long they have to figure out something funky is happening which is what I'd love to avoid. It's hard enough beating the juice...I don't want to have to worry about beating my people at my bank then too.

 

[tripp]

Re: Has anyone had problems with your banks....

I will say though every single wire deposit from pinnacle that I've done directly has gone through without any hold or inquiry from the the bank. That's with amounts ranging from $300-1500 over a few years.

 

[Bucky]

Re: Has anyone had problems with your banks....

I think bank wires are the worst possibly thing players from the USA could possibly do. It is like rubbing gravel on the arsehole of the DOJ. So, easy for them to find if they want to. Checks from a business in Canada but the bank in the USA work but I get questioned every time. I'll take a check but I hate it every time. There are better ways to get paid but I don't even want to talk about it. Maybe ask Bet Phoenix how they would pay you if you won a couple dimes and you have your answer and it is not a freaking wire or check from a Canadian processor.

 

[Bucky]

Re: Has anyone had problems with your banks....

Did I mention wires from Poker players and big sports bettors cause a big sucking noise that got the DOJ on the rag in the first place?

 

[joeybagadonuts]

Re: Has anyone had problems with your banks....

Here's what I did and not most people can do this. I became a shareholder in a small community bank in my hometown. I became good friends with the president of the bank. He isn't an idiot. He knows what I do with betting offshore. He lets all the wires and western union deposits go through like clockwork. I support his bank by being an investor and keeping from 20K to 80K in my checking account at all times. The big banks are impersonal and a pain in the ass. Find a small bank that only has one or two branches and make friends with people in charge and I'd bet you'll see that you'll rarely ever or never have a problem.

Best advice in this thread.

You don't even need to become any sort of shareholder in most cases. Simply call and ask for a personal banker. Make whatever the deposit amount is to get whatever the highest level of service they offer. A small bank doesn't give a fuck what you're doing as long as you keep a bunch of cash in their bank. The more the better.

Problem solved.

:cheers

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

I think bank wires are the worst possibly thing players from the USA could possibly do. It is like rubbing gravel on the arsehole of the DOJ. So, easy for them to find if they want to. Checks from a business in Canada but the bank in the USA work but I get questioned every time. I'll take a check but I hate it every time. There are better ways to get paid but I don't even want to talk about it. Maybe ask Bet Phoenix how they would pay you if you won a couple dimes and you have your answer and it is not a freaking wire or check from a Canadian processor.

That is why I am trying to use the good people of this forum for ideas on how they get nice sums of money to their pockets from offshore. I hate the idea of a bankwire or a check. Well I wouldn't mind a check if I could get it sent to me and I could take it somewhere to get it cashed where 5 figure checks aren't even blinked at, get my money, and I go back to business.

There has to be a nice quiet way to get money from A to B and then back to my pocket.

 

[Scooter]

Re: Has anyone had problems with your banks....

10K and up get reported to FED

The worst place in the world to ask questions re: Federal financial questions/ tax questions has to be the sportsbetting forums.

The same inaccurate info posted repeatedly.

 

[John Kelly]

Re: Has anyone had problems with your banks....

The worst place in the world to ask questions re: Federal financial questions/ tax questions has to be the sportsbetting forums.

The same inaccurate info posted repeatedly.

Care to educate us, Scooter?

 

[Ray Luca]

Re: Has anyone had problems with your banks....

The worst place in the world to ask questions re: Federal financial questions/ tax questions has to be the sportsbetting forums.

The same inaccurate info posted repeatedly.

Lets pretend I just wired you 12K....you explain to us the steps starting from my bank (bank A) it goes through to reach your bank

Thank you

 

[Ray Luca]

Re: Has anyone had problems with your banks....

The worst place in the world to ask questions re: Federal financial questions/ tax questions has to be the sportsbetting forums.

The same inaccurate info posted repeatedly.

I'm very curious what scooter will say is inaccurate. So I reread everything and the only possible explanation is, the wire from an offshore book is international so I'll reduce my 10,000 to 3,000 that gets reported from any transfers in/out of the US. My original answer wrongly presumed it was domestic.

*Not sure if the new law passed or not on reporting the $3,000 but banks must keep the records of all international transfers above $3,000*

 

[texaswizzard]

Re: Has anyone had problems with your banks....

I don't do wires. I deposit the cashiers checks and make sure they are always in the $3,500 - $7,500 range. I know the bank president and got to know my personal banker on a personal level. I attend the yearly annual meeting so I get to know all the players and they get to know me. You can go the Wells Fargo route but once you get red flagged your going to continue to have problems. Another route I've heard of is going through the check cashing store route. The only problem is they either want a big bite of the apple if the check is out of the country or they tell you they cash it once the funds have gone through and you have to wait abot 2 weeks to get paid. Whatever avenu you decide on, good luck.

 

[Whoson1st]

Re: Has anyone had problems with your banks....

Legal Online Horse wagering : I can't even use my credit cards to make a deposit online to TwinSpires, which is 100% legal both here AND in Kentucky.

 

[Sportsrmylife]

Re: Has anyone had problems with your banks....

I would like to hear what Scooter knows about bank wire laws.

 

[ajaysdreamplays]

Re: Has anyone had problems with your banks....

No problems yet, but I can see them coming. My small, rural bank required me to sign a document upon establishing my account that I'd describe as "UIGEA acknowledgement and understanding thereof." Translation: if you try to deposit to or from any illegal Internet gasmbling site, we will take your money and fine you severely.

In spite of having signed this document, I have deposited two checks around $2k each with no problems. Fact is, the bank has given me immediate credit on each one. But since they were not cashier's checks, I sweated each one being made good.

Last time I got money, I did it via Moneygram. Go to Walmart and pick up your $800. Easy, quick, & relatively clean. Drawback: 5D charged me $70.

I may have to talk to Tuck on my next Vegas trip.

 

[Scooter]

Re: Has anyone had problems with your banks....

"Size

• A CTR is required for every deposit, withdrawal or exchange over $10,000 in cash [CASH].
• Wire transfers or transactions by check and non-cash means are not subject to the CTR filing requirement [NON-CASH].
• The requirements apply to all accounts, whether individual, group or corporate, regardless of their size.
• Banks are also required to aggregate all cash [CASH] transactions made by or on behalf of an account on the same business day and at all branch locations. Transactions over the weekend or on holidays are treated as if made on the following business day. If the aggregate [CASH] total is $10,000 or more, a CTR is required."

Read more: What Transactions Do Banks Report to IRS? | eHow.com http://www.ehow.com/about_4672449_transactions-do-banks-report-irs_.html#ixzz1mkvANRYT



CTR = Currency Transaction Report. The purpose is to leave a paper trail for CASH transactions of over 10k.
Bank wires and other non-CASH deposits already leave a paper trail. No need for CTR, no 10k reporting to the Feds.

 

[Scooter]

Re: Has anyone had problems with your banks....

No problems yet, but I can see them coming. My small, rural bank required me to sign a document upon establishing my account that I'd describe as "UIGEA acknowledgement and understanding thereof." Translation: if you try to deposit to or from any illegal Internet gasmbling site, we will take your money and fine you severely.

I wouldn't consider signing that, nor doing business with that bank.

 

[Ray Luca]

Re: Has anyone had problems with your banks....

"Size

• A CTR is required for every deposit, withdrawal or exchange over $10,000 in cash [CASH].
• Wire transfers or transactions by check and non-cash means are not subject to the CTR filing requirement [NON-CASH].
• The requirements apply to all accounts, whether individual, group or corporate, regardless of their size.
• Banks are also required to aggregate all cash [CASH] transactions made by or on behalf of an account on the same business day and at all branch locations. Transactions over the weekend or on holidays are treated as if made on the following business day. If the aggregate [CASH] total is $10,000 or more, a CTR is required."

Read more: What Transactions Do Banks Report to IRS? | eHow.com http://www.ehow.com/about_4672449_transactions-do-banks-report-irs_.html#ixzz1mkvANRYT



CTR = Currency Transaction Report. The purpose is to leave a paper trail for CASH transactions of over 10k.
Bank wires and other non-CASH deposits already leave a paper trail. No need for CTR, no 10k reporting to the Feds.

Then if I gift you money via wire over the amount allowed to claim a gift, how do you get caught if the person receiving does not disclose...?

 

[Ray Luca]

Re: Has anyone had problems with your banks....

And lets throw structuring into the mix. i'll let u peruse ehow for the rest of the day