I recently had a winning month of around 8k in July in which I chose to do some premium wire transactions off of Fulltilt. I got a call from the Compass Bank's fraud department asking about multiple international wires. I told them that it was from online poker. One week later they killed my account. Went by the bank today and they allowed me to withdraw all my funds and open a new account with a warning to not do the same thing again. The rep said they are an extremely conservative bank and frowned upon online gaming. I know that certain websites such as ultimatebet don't allow US customers anymore. Does anybody know of any banks that would allow for such wire transactions? I'm going to have to shop around.
I've typically found that locally owned banks are a lot more lenient to stuff like this. The national banks that have the resources to actually track this stuff are kind of a pain in the ass. I had Bank of America call me about a poker transaction once before. Why did you tell them it was from poker? Kind of dumb.
I bank with Wells Fargo, and have deposited multiple checks from Full Tilt's "associates" with no problem, If I were you, I would start using the check withdrawal method.
Title VIII of the Act is also known as the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA). This title (found at 31 U.S.C. § 5361–5367) prohibits the transfer of funds from a financial institution to an Internet gambling site, with the notable exceptions of fantasy sports, online lotteries, and horse/harness racing. Compliance isn't mandated until December 1, 2009 but many financial institutions are already enforcing regulation
How else am I going to explain multiple thousand dollar transactions from Indonesia? Assumed I wasn't doing anything illegal. I got my money out with no harm done. I report my winnings and pay taxes.
why have it wired? just get a physical check. the checks I got from pokerstars have zero indications that it's from an online poker site.
Yeah, that explains deposits... I can't use my debit cards, but can go through a 3rd party to deposit the funds.
There are just as many reasons you're getting money from Indonesia as there are for getting money from New York, or Spain, or China, or ....
Yep, from now on I'm just going to be patient and wait for the checks to come in the mail. Spoiler DAMN YOU 2006 REPUBLICAN MORAL POLICE!!!
also, keep in mind that you weren't engaged in the activity covered by the UIGEA. The UIGEA only applies to financial institutions.
You should have told them it was from your associate Mr. M. Nbawmbwe from Nigeria, and you are working on helping him with a problem he has with customs.
Go ahead and play the stock market, please. But don't you dare gamble your money. Unless you're Native Americans on a reservation of course!
Big boo on government (statist) regulations trying to outlaw gambling that they don't get their cut on.
I go to HEB, by the Visa cards there to desposit and FullTilt has always mailed my checks to me when I decide to withdraw.
