Check out our brand new Local Poker Communities! Get updates and interact with poker players in your area.
Visit the United States Poker Community | Visit the California Poker Community | Read more about the Launch of P5s Local

Need Info on bank Situation

Reply to Thread
  1. howthtfeel howthtfeel is offline

    Posts: 4
    Joined: Feb 06

    Feb 19th, 2006 (2/19/2006 9:20am)

    Im a new memeber even though im here quite often reading alot of the post. I have a problem and thought maybe some of you guys would be able to help me out somehow or know anything. A couple of days ago I went to the bank to get some money and they started asking me questions on where it is all coming from blah blah blah. Anyhow they froze my bank account to do an ivestigation. I have talked to them numerous times now and really haven't got any good info on whats gonna happen. I was wondering are they able to keep all my money or will I eventually get it back and just no be able to do business with them anymore. Any help would be great especially if you work in a bank and know alittle more info.
  2. beauright beauright is offline

    Saint Petersburg, FL
    United States

    Posts: 1,637
    Joined: Jun 05

    Feb 19th, 2006 (2/19/2006 9:32am) in reply to howthtfeel

    way to many pieces of this puzzle missing....not sure of enough of the situation to answer you
  3. howthtfeel howthtfeel is offline

    Posts: 4
    Joined: Feb 06

    Feb 19th, 2006 (2/19/2006 11:14am) in reply to beauright

    Well all the money is obv poker money. They froze my account to do an investigation on where it is excatly coming from since the deposits say MY NAME FIRPAY.COM(which I already told them it's from online poker). I have spoke to the branch manager and numerous customer care people over the phone and havent really gotten any solid info on whats gonna happen. MY question is does anyone know are they able to keep my funds since online gambling is illegal. Or will I eventually get it back and they will notify who ever they might have to let them now. Not sure excatly what your asking me but please feel free to ask me any other questions you might have.
    Thread Starter
  4. Grindeitout Grindeitout is offline

    United States

    Posts: 233
    Joined: Dec 05

    Feb 19th, 2006 (2/19/2006 11:18am) in reply to howthtfeel

    are the deposits over 10k
  5. howthtfeel howthtfeel is offline

    Posts: 4
    Joined: Feb 06

    Feb 19th, 2006 (2/19/2006 11:34am) in reply to Grindeitout

    none of the deposit's are over 10k but whats in there is well over that amount.
    Thread Starter
  6. Cmoney3 Cmoney3 is offline

    United States

    Posts: 12,401
    Joined: Dec 05

    Feb 19th, 2006 (2/19/2006 12:03pm) in reply to howthtfeel

    What bank?
  7. MadTiger MadTiger is offline

    Akron, OH
    United States

    Posts: 6,506
    Joined: Feb 06

    Feb 19th, 2006 (2/19/2006 12:17pm) in reply to howthtfeel

    Look at the rules for your bank account. Put on a suit. Go in and ask to speak with the bank manager. Explain that while you realize they have the right, per your agreement and by their government responsiblity, to investigate anything they view as suspicious.

    That being said, demand to know what they think is suspicious, etc. Threaten them with legal action for harassing you.
  8. Randers Randers is offline

    Posts: 12,889
    Joined: Nov 05

    Feb 19th, 2006 (2/19/2006 12:24pm) in reply to MadTiger

    firepay only allows 5k deposits....what madtiger said, and refrain from telling them it is "poker money"
     
  9. kinser1 kinser1 is offline

    Charlotte, NC
    United States

    Posts: 34
    Joined: Dec 05

    Feb 19th, 2006 (2/19/2006 2:24pm) in reply to howthtfeel

    Read up on the Bank Secrecy Act. Don' know if they are allowed to feeze your account, but they will report to the Govt. any suspicious activity. This is usually caused by deposits of more than 10k, or unusual withdrawals and deposits.
  10. MissT74 MissT74 is offline

    Kingman, AZ
    United States

    Posts: 71
    Joined: Feb 06

    Feb 19th, 2006 (2/19/2006 4:50pm) in reply to howthtfeel

    Back in the "old" days (ie Pre-Patriot Freedom Act) banks were only required to report CASH transactions of 10K or more.

    Since the Patriot Act, banks are allowed to report any suspicous behaviour, but I've never heard of them being allowed or able to "freeze" an account. However, since they've done it, I would have to assume that they have the right to do so, otherwise they wouldn't have done it due to possible reprecussions.

    To this date I have not heard of any person's account being confiscated due to the money coming from online poker, that would certainly make national news due to the nations obsession with online poker.

    I think if you cooperate with the bank and simply let them do their investigation, you'll be cleared and your account will be unfrozen.
  11. servitup servitup is offline

    Chapel Hill, NC
    United States

    Posts: 461
    Joined: Feb 05

    Feb 19th, 2006 (2/19/2006 5:20pm) in reply to howthtfeel

    Do most online pros have checks mailed to them as opposed to doing EFT to prevent this problem?
  12. swarm swarm is offline

    Posts: 17
    Joined: Aug 05

    Feb 19th, 2006 (2/19/2006 5:51pm) in reply to servitup

    Sure hope you have been paying taxes on your winnings, otherwise you could be in a world of hurt.
  13. hit--n--run hit--n--run is offline

    Posts: 32
    Joined: Jan 06

    Feb 19th, 2006 (2/19/2006 11:19pm) in reply to servitup

    I have checks come and eft's as well and I cash the checks at a check cashing place where they don't card me because its my local convienence store and I'm a good customer. They know it's good and that's all they care about so they deposit it into their banking acct and it's never traced back to me and has none of my info on it ..i.e. dl # and acct # ...I do however file as a pokerr player so I eft the amount I am willing to claim.
  14. Seykota Seykota is offline

    TX
    United States

    Posts: 8,385
    Joined: Jul 05

    Feb 19th, 2006 (2/19/2006 11:35pm) in reply to hit--n--run

    No offense, but do you have a foreign sounding name?
  15. The ean The ean is offline

    Albany, NY
    United States

    Posts: 60
    Joined: Sep 05

    Feb 19th, 2006 (2/19/2006 11:38pm) in reply to Seykota

    They're prolly jus gonna investigate on where it came from and have u pay taxes on it
Reply to Thread