[Sinner]

I'm just wondering if doing a wire transfer is a safe way to cash out? I am always hesitant to give out my banking information, especially to shady corporations offshore I really know nothing about.

On another note, once the money hits my bank account, is it possible for the sportsbook to take the money back someway that they have my banking info?

[Sinner]

BUMP

Also, has anyone ever had any problems with banks reporting these as "suspicious" transactions?

[patswin]

haven't had a problem with one

[mbynwa]

Wire transfer are fine. Just make sure your bank account is the same currency as to what is being sent to avoid any bank charges.

[CollegePro]

think of it this way. Usually, when you request a withdrawl, lot of offshore books require you to send them the copy of your ID. So you already give them majority of informations so why not give them banking info as well... If they really want to **** you, they pretty much have all the info right there.....as long as you are not using some shady offshore account, I wouldn't worry at all.

[Sinner]

this is what i was thinking when i read your thread, getting the money from quality books like greek or 5dimes is not a problem, but you should keep the amounts 5k or less, if you do have a large payout it is better to take it in one large sum and fill out the forms at the bank just once, the bank won't give you much of a problem because the money will be coming from a company, the just have to get the info from you for compliance

I thought it was 10K.

[CollegePro]

I thought it was 10K.

anything over 10k, but I guess he is trying to be extra cautious

[bookie]

basically they can report anything over $5,000 if they think its suspicious. I havent had a payout like that in a while but when i did i kept it to about $4500 for this reason.
http://www.occ.treas.gov/sar.htm Suspicious Activity Report (SAR) ProgramBackground
This page provides a link that allows banks and other filers prepare and file Suspicious Activity Reports (SAR). Under 12 CFR 21.11, national banks are required to report known or suspected criminal offenses, at specified thresholds, or transactions over $5,000 that they suspect involve money laundering or violate the Bank Secrecy Act. Similar regulations by other regulators apply to other financial institutions

Thanks for the links. Nice to read the official regs instead of working from hearsay.

[Barbarian]

The only thing to worry about is correct banking information. Problem might arise when info is not correct or incomplete. I was a victim when Sportingbet had sent a wire without my account number. They forced me to pay additional GBP25 for sending correction to that wire.

[RickySteve]

Expect undisclosed fees but otherwise highly recommended.

[raddle_snake]

Yes of course, it was safe. It was directly payout in your Bank Account just provide your Bank information.
I think, they will not disclose your bank informaiton ot other.