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PokerStars Bank Wire vs Checks

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  1. kevdog410 kevdog410 is offline

    Atlanta, GA
    United States

    Posts: 595
    Joined: Jun 05

    Apr 30th, 2008 (4/30/2008 6:48pm)

    Would banks investigate/look into where funds are coming from if I cash out via bank wire?? Its just seems like it would be so much faster than having to wait on the checks (plus there are limits in how many checks you can cash out and the amount) Was just curious if anyone knows what banks think about large bank wires (I bank w/ Wachovia)

    And no........this is not a hidden brag post. This is a serious matter and I appreciate any input some of you may have. I guess I'm just paranoid about depositing money from poker sites into my checking account and wasnt sure if doing a bank wire would raise or lower any suspicion.

    Thanks in advance

    Kevdog
     
  2. rustyhanson rustyhanson is offline

    Mount Juliet, TN
    United States

    Posts: 119
    Joined: Jan 06

    Apr 30th, 2008 (4/30/2008 7:35pm) in reply to kevdog410

    Investigate what? Are you a criminal? are you wanting to avoid taxes? Just use the wire and hire a CPA...... Much faster and you avoid going to the teller with a large check that the manager and everyone wants to look at for no good reason..
     
  3. Conflictedsoul Conflictedsoul is offline

    Rocklin, CA
    United States

    Posts: 98
    Joined: Jul 07

    Apr 30th, 2008 (4/30/2008 7:38pm) in reply to kevdog410

    I see why you are asking, two big wins in consecutive days. Nice, I badly want to deal with your problem right now. I have heard that the checks are not a problem although I am sure your bank might hold onto it for a few days until it clears.
  4. rustyhanson rustyhanson is offline

    Mount Juliet, TN
    United States

    Posts: 119
    Joined: Jan 06

    Apr 30th, 2008 (4/30/2008 7:45pm) in reply to rustyhanson

    Do a wire... you will have it in 3 days....
     
  5. kevdog410 kevdog410 is offline

    Atlanta, GA
    United States

    Posts: 595
    Joined: Jun 05

    Apr 30th, 2008 (4/30/2008 8:45pm) in reply to kevdog410

    At this point I'm kinda leaning towards the bank wire b/c I dont see any downsides (besides the bank maybe charging a $20-$30 fee). Next question........If I want to cash out say....$30K does it matter if I do it all in one transfter or is there any reason why I may want to break it up into 3-5 wires?
     
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  6. bighaley21 bighaley21 is offline

    Cape Girardeau, MO
    United States

    Posts: 1,036
    Joined: Feb 08

    Apr 30th, 2008 (4/30/2008 9:02pm) in reply to kevdog410

    Well you cant cash out 30k at one time on pokerstars but you can cash out 2500 every 72 hours... ---New policy
  7. thedylan thedylan is offline

    Champaign, IL
    United States

    Posts: 3,449
    Joined: Apr 06

    Apr 30th, 2008 (4/30/2008 9:33pm) in reply to bighaley21

    LOL, thats def not true ^^^^

    just do a bank wire since max cashout for checks is 5k and im sure you're doing more than that
     
  8. IM_A_JOKE IM_A_JOKE is offline

    Cambodia

    Posts: 99
    Joined: Apr 08

    Apr 30th, 2008 (4/30/2008 9:58pm) in reply to thedylan

    ^^^^^^^^^^

    um, that def. is true, $2500 every 72 hours
  9. thedylan thedylan is offline

    Champaign, IL
    United States

    Posts: 3,449
    Joined: Apr 06

    Apr 30th, 2008 (4/30/2008 10:15pm) in reply to IM_A_JOKE

    agree to disagree
     
  10. kevdog410 kevdog410 is offline

    Atlanta, GA
    United States

    Posts: 595
    Joined: Jun 05

    Apr 30th, 2008 (4/30/2008 10:29pm) in reply to thedylan

    Im assuming they mean 25,000 not 2,500
     
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