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????? about bank wire transfer on stars................

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  1. vick4prez vick4prez is offline

    Columbia, MO
    United States

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    Jun 14th, 2009 (6/14/2009 12:56pm)

    Has anyone used this option before? I assume this would be a faster way to get your money rather than waiting for a paper check that might bounce. Does it work like the echeck option? Ty for your help!

    vick4prez
  2. MadTiger MadTiger is offline

    Akron, OH
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    Jun 14th, 2009 (6/14/2009 1:00pm) in reply to vick4prez

    It's not exactly the same.

    Check to find out what your bank's fees are for wire transfers.
  3. Adam Adam is offline Emperor

    Atlanta, GA
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    Jun 14th, 2009 (6/14/2009 1:27pm) in reply to vick4prez

    What MT said....your bank almost certainly has some associated fees. If you have a special relationship with your bank, you may be able to get those fees removed. If not, it will probably cost you around $20-25 for an incoming wire, if not more.
     
  4. vick4prez vick4prez is offline

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    Jun 14th, 2009 (6/14/2009 1:33pm) in reply to Adam

    Would you guys recommend this method versus the paper check... i'm trying to avoid the hassel with the bank if a paper check bounces..... besides the fee this seems like the way to go!
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  5. bbbbb33 bbbbb33 is offline

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    Jun 14th, 2009 (6/14/2009 1:38pm) in reply to vick4prez

    also wondering about this as paper check for me bounced and now has been pending for way too many days.
     1
  6. nextuniverse nextuniverse is online now

    Vancouver
    Canada

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    Jun 14th, 2009 (6/14/2009 1:41pm) in reply to vick4prez

    its like min 50k for wire transfer i believe
     
  7. bef99hwk bef99hwk is offline

    Manhattan, KS
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    Jun 14th, 2009 (6/14/2009 1:45pm) in reply to nextuniverse

     
    Originally Posted by nextuniverse View Post

    its like min 50k for wire transfer i believe

    No it's way less than that...like 10 or 20k.
  8. nextuniverse nextuniverse is online now

    Vancouver
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    Jun 14th, 2009 (6/14/2009 1:46pm) in reply to bef99hwk

    hmm i emailed them once about it, and they said it was like 50k. maybe im wrong, or pstars just doesnt like me :(
     
  9. Adam Adam is offline Emperor

    Atlanta, GA
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    Jun 14th, 2009 (6/14/2009 2:21pm) in reply to vick4prez

     
    Originally Posted by vick4prez View Post

    Would you guys recommend this method versus the paper check... i'm trying to avoid the hassel with the bank if a paper check bounces..... besides the fee this seems like the way to go!

    First off, I believe the min is $2.5k for a wire....someone posted this the other day, as I posted that the min on FTP is $5k. I haven't verified this, but I believe it to be correct.

    Secondly, I would recommend paper checks unless you're in a big hurry to get your money and need it in the next few days. If you're very concerned about it not being good, you can email stars with the check number after you receive it and verify that the check is fine to be cashed. From what I've heard, they're not having problems with more bad checks going out. I'm by no means guaranteeing you'll get a good check, but the worst that can happen is that you'll have to wait a little longer if it ends up being a bad check, and you'll still save on the wire fees.
     
  10. bef99hwk bef99hwk is offline

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    Jun 14th, 2009 (6/14/2009 3:05pm) in reply to Adam

     
    Originally Posted by Adam View Post

     
    Originally Posted by vick4prez View Post

    Would you guys recommend this method versus the paper check... i'm trying to avoid the hassel with the bank if a paper check bounces..... besides the fee this seems like the way to go!

    First off, I believe the min is $2.5k for a wire....someone posted this the other day, as I posted that the min on FTP is $5k. I haven't verified this, but I believe it to be correct.

    Secondly, I would recommend paper checks unless you're in a big hurry to get your money and need it in the next few days. If you're very concerned about it not being good, you can email stars with the check number after you receive it and verify that the check is fine to be cashed. From what I've heard, they're not having problems with more bad checks going out. I'm by no means guaranteeing you'll get a good check, but the worst that can happen is that you'll have to wait a little longer if it ends up being a bad check, and you'll still save on the wire fees.

    Yeah I get confused on a bank transfer and a bank wire. Cuz on ftp, one of the two is depending on what deposit limits u had set...mine was like 995 which was hella gay...but they had a 20k+ only, which was the other one. Good advice tho
  11. vick4prez vick4prez is offline

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    Jun 14th, 2009 (6/14/2009 3:27pm) in reply to bef99hwk

    Ty for all the help guys.... btw according to pokerstars cashier the min bank wire is $1,000.... don't know if that only applies to me or everyone.I think i will take your advise Adam and go with the paper check and email the the check number before i cash it.... good idea!
    Thread Starter
  12. Command007 Command007 is offline

    New Britain, CT
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    Jun 14th, 2009 (6/14/2009 4:52pm) in reply to vick4prez

    Wire transfer is fast and easy. stars charges no fees for it, your bank does though and it's usually about $50-$100. I like it because it's easy and secure; great for large amounts. Minimum for a wire transfer on Stars is $5k when I last checked, but I think it may be different now due to the current payment processor situation. Full Tilt offers it also, but their minimum is $20k.
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