[Tchocky]

How do you guys initiate withdrawals from your account? What are the pros and cons of each method? If you withdraw large amounts of money and deposit them into your bank account, then aren't you raising a red flag about your gambling activity. Is ******* and NetTeller better ways to withdraw money even with all the fees? I'm assuming most of you guys don't report your winnings.

[freebie]

I try to do different method of withdrawing.

I first make my withdraws from books to Neteller.

Then from Neteller I try to do couple EFT, couple FedEx checks, couple DC ATM withdraws.

[Illusion]

I use Netellers atm card. Fees are roughly $5 per withdraw. That's your best option if you don't want the funds in your bank account.

[pags11]

I look for free payouts via neteller's EFT system...any book that charges over $15 for a withdrawal is bush...

[BigDaddy]

I used to always get paid Via Fed Ex then i was turned onto Neteller and have saved a ton of money since! $11 for check in your hands 90% of the time next day other 10% no later than 2 days

Most books charge anywhere from 30-50 for a Fed ex withdrawal you save a bundle by opening a neteller account and if your worried about giving them your bank account info you dont have to to recieve checks only if you want to transfer person to person or do EFT's etc

[bigboydan]

use the NT eft option and transer a little bit back at a time.

anything over 10K or more at one time, banks have to report it to the goverment. so, as long as you stay under that amount i doubt you will have a problem.

if you wager on a larger type scale. just use about 6 different bank accounts and keep your funds spread out equaly, and you should be OK.

[ourbet]

I can certainly recommend using Moneybookers too Tchocky for those sportsbooks that permit this form of EFT. IMHO it's not as fast as NETeller but usually I'm able to withdraw funds at an ATM by the third day; that includes Saturdays!

Btw, usually the only fee I pay is when my bank charges me for accepting the SWIFT EFT. My bank charges approximately US$7.50 for handling each Moneybookers' transaction and there is also a nominal expense (usually less than 1%) for converting the EFT sent to my bank in Euros and then converted into local currency.

I hope this helps!

[shantystar]

moneybookers .

[JoshW]

use the NT eft option and transer a little bit back at a time.

anything over 10K or more at one time, banks have to report it to the goverment. so, as long as you stay under that amount i doubt you will have a problem.

if you wager on a larger type scale. just use about 6 different bank accounts and keep your funds spread out equaly, and you should be OK.

I would be careful taking advice about staying under report requirements from Internet posting boards. Large EFT Neteller transactions are not cash so they are not usually reported. The laws about financial reporting are always changing and are not generally circumvented by paragraph long suggestions.

Much of the reporting is not fixed and is dependent on how many financial transactions and size of those you already have in your financial accounts.

If you bet and win big in relation to your normal income, you should be paying taxes or at a minimum not brining very much money back at a time.

Also the poker boom has put a lot more players in the winning catagory and it is enough for the IRS to start looking harder for hinding offshore wins.

[pjesnik24]

moneybookers is the best

[freebie]

use the NT eft option and transer a little bit back at a time.

anything over 10K or more at one time, banks have to report it to the goverment. so, as long as you stay under that amount i doubt you will have a problem.

if you wager on a larger type scale. just use about 6 different bank accounts and keep your funds spread out equaly, and you should be OK.

BBD,
Is it possible to register 3 - 4 bank accounts with Neteller? Where did you see this option to do this or how?

I would really like to spread the money to 3-6 different bank account.

[Tchocky]

Thanks for all feedback. Does Neteller accept checks drawn on non-US banks?

[bigboydan]

BBD,
Is it possible to register 3 - 4 bank accounts with Neteller? Where did you see this option to do this or how?

I would really like to spread the money to 3-6 different bank account.

freebie, you have to inquire to them about it

[pags11]

haven't yet checked out moneybookers, but have read some good things...