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full tilt bank transfers

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  1. xaznevilboix xaznevilboix is offline

    Posts: 51
    Joined: Dec 08

    Oct 10th, 2009 (10/10/2009 12:00am)

    So full tilt has 2 bank transfer options

    one is called premium bank wire and the other is called bank transfer

    can someone please clarify for me whats the difference between them? (aside from what it tells me on the full tilt cashier)

    and i havent heard any news about cashing out on full tilt through these bank transfers

    any problems or what not with withdrawing lately?
  2. TheJunkie TheJunkie is offline

    Raleigh, NC
    United States

    Posts: 328
    Joined: Feb 07

    Oct 10th, 2009 (10/10/2009 12:33am) in reply to xaznevilboix

    I use the Premium transfer. Usually takes about 3 days and my bank only charges $10. Different banks charge different fees. I love it. Havent tried the other transfer.
     
  3. canuck canuck is offline

    Port Moody
    Canada

    Posts: 41
    Joined: May 06

    Oct 10th, 2009 (10/10/2009 1:44am) in reply to TheJunkie

    Can someone help me withdrawl. I get to the steps to pick which withdrawl method I want to use but all I get is information about the withdrawl method when I click it. I hope this is a simple problem and I'm just missing something.
  4. canuck canuck is offline

    Port Moody
    Canada

    Posts: 41
    Joined: May 06

    Oct 10th, 2009 (10/10/2009 2:26am) in reply to canuck

    I got some advice via PM and I really appreciate it except I am from Canada and am able to transfer through to my visa card so I'd love to use the option because the money is just to pay bills anyways.
  5. Dirrrrrty Dirrrrrty is offline

    United States

    Posts: 106
    Joined: Oct 06

    Oct 10th, 2009 (10/10/2009 2:33am) in reply to xaznevilboix

    I have used both options and the only differences i notice are that the premium transfer is much faster (3-5 business days) and opposed to the other which usually takes 7-10 business days for me personally. Also, my bank charges a fee of $15 for the premium transfer and nothing for the other.

    Dirrrrrty

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  6. xaznevilboix xaznevilboix is offline

    Posts: 51
    Joined: Dec 08

    Oct 10th, 2009 (10/10/2009 5:05pm) in reply to xaznevilboix

    so the bank transfer are alright except for like a small fee and the transfering is ok?
    no stories like the checks that bounced before?
    Thread Starter
  7. ndelapiedra ndelapiedra is offline

    Mc Lean, VA
    United States

    Posts: 354
    Joined: Mar 09

    Oct 10th, 2009 (10/10/2009 7:34pm) in reply to xaznevilboix

     
    Originally Posted by xaznevilboix View Post

    So full tilt has 2 bank transfer options

    one is called premium bank wire and the other is called bank transfer

    can someone please clarify for me whats the difference between them? (aside from what it tells me on the full tilt cashier)

    and i havent heard any news about cashing out on full tilt through these bank transfers

    any problems or what not with withdrawing lately?

    There is a BIG technical difference.
    • A 'bank transfer' is essentially an e-check from stars to you, known as an ACH (stands for Automatic Clearing House). The money is sent by the issuer (FTP in this case) to a central clearing house, who then sends it to the receiving party (in this case your bank which then credits your account). Because of this intermediary party these have never bounced or been declined (as far as I know, correct me if I'm wrong). ACH is fairly well used by non-personal accounts, for example ACH is used to direct deposit your paycheck.
    • The "premium wire" is completely different. In this case FTP's bank 'talks' directly to your bank (not sure what process is used to actually transfer funds). There is an international standerdized system though so that any bank account can transfer to almost any other bank account worldwide. For example in the movies when the bad guys transfer gazzillions of dollars to a swiss account, they are using this service. It's also the safest way to transfer large sums of money (bank-to-bank, nothing to lose get stolen etc...)
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