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Do you use your main bank acct for poker?

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10-01-2010 , 11:46 PM

dandy warhol

journeyman

Join Date: Apr 2010 Posts: 238

Being that the US now has laws against banks allowing poker transactions, how do you feel about using your main bank account for your poker account? I mean I use my bank for a lot and would be devastated if they closed my account due to gambling. Would it be better to set up a bank account you don't care about and use that instead? Or is that overly cautious?

tl;dr
use your main bank account for poker or funnel it through an account you don't care about being banned/closed?

10-02-2010 , 12:02 AM

bef99hwk

Pooh-Bah

Join Date: Jan 2008 Posts: 4,266

Tons of banks in your town unless you live in the boonies...if they close your acct, phuck them...they don't need your business anyway.

10-02-2010 , 12:07 AM

Mischa9

old hand

Join Date: Jun 2008 Posts: 1,799

even if they close my account its not like they can KEEP my monies.....so i dont really worry about it

10-02-2010 , 12:08 AM

campfirewest

Carpal \'Tunnel

Join Date: Sep 2006 Posts: 10,586

A friend of mine used to work in the compliance dept of a large bank. He said they didn't really care about online gambling transactions. They were more concerned with real crime like money laundering.

10-02-2010 , 12:09 AM

dandy warhol

journeyman

Join Date: Apr 2010 Posts: 238

Yeah but I have all my bill pay set up through them, direct deposit, investments, etc. It would suck balls.

10-02-2010 , 12:09 AM

Adebisi

veteran

Join Date: Apr 2006 Posts: 2,966

Use separate bank accounts. Poker site > random throwaway bank account > your main bank account, is the correct way to deal with cashouts/deposits IMO.
Best to have this set-up so you won't even be slightly inconvenienced if a bank decided to f with you over poker.

10-02-2010 , 12:29 AM

magent

old hand

Join Date: Jul 2010 Posts: 1,873

I have other accounts open, but I use my main account for poker. The reason why is because I only use my bank to receive poker money. I never have heard of anyone having their account closed for only accepting money; it's usually, "Oh, sorry. I didn't know that. I won't do that again." and then start using one of my dormant accounts to receive money. Rinse and repeat.

10-02-2010 , 12:32 AM

dandy warhol

journeyman

Join Date: Apr 2010 Posts: 238

Quote:

Originally Posted by magent

So how do you fund your poker account? Even as a winning player it's still necessary to make deposits in cases such as on PS for eChecks which disallows withdrawals if no deposits have been made in a while.

10-02-2010 , 12:36 AM

dandy warhol

journeyman

Join Date: Apr 2010 Posts: 238

Quote:

Originally Posted by dandy warhol

And in this case on PS I guess it would have to be through the same account per rules.

10-02-2010 , 01:09 AM

#10

magent

old hand

Join Date: Jul 2010 Posts: 1,873

Quote:

Originally Posted by dandy warhol

I use wires to receive my money, which do not have that requirement.

10-02-2010 , 02:20 AM

#11

defactocrippler

centurion

Join Date: Jun 2009 Posts: 160

popo itt?

10-02-2010 , 02:48 AM

#12

darkconcept

veteran

Join Date: Dec 2008 Posts: 2,221

10-02-2010 , 04:03 AM

#13

ImStillBen

banned

Join Date: Feb 2007 Posts: 1,790

Quote:

Originally Posted by magent

I never have heard of anyone having their account closed for only accepting money.

I have had several accounts closed for receiving money aka "suspicious activity."

10-02-2010 , 04:10 AM

#14

magent

old hand

Join Date: Jul 2010 Posts: 1,873

Quote:

Originally Posted by ImStillBen

I have had several accounts closed for receiving money aka "suspicious activity."

Several? What are you doing to cause suspicion? Did they ask you questions which led you to understand what they suspect you are doing?

10-02-2010 , 06:38 AM

#15

ImStillBen

banned

Join Date: Feb 2007 Posts: 1,790

Quote:

Originally Posted by magent

Several? What are you doing to cause suspicion? Did they ask you questions which led you to understand what they suspect you are doing?

By several I mean 3.

Wires to/from Central America, depositing Canadian checks, frequent requests for cashier's checks, excessive ATM usage...those aren't an average customer's transactions.

Never any questions, always just a letter in the mail saying someone had looked at my account, the activity was suspicious and they were terminating my account effective x date.

10-02-2010 , 07:32 AM

#16

magent

old hand

Join Date: Jul 2010 Posts: 1,873

Quote:

Originally Posted by ImStillBen

By several I mean 3.

Wires to/from Central America, depositing Canadian checks, frequent requests for cashier's checks, excessive ATM usage...those aren't an average customer's transactions.

Agreed, but that's quite a bit more than just receiving money from a poker site, and no doubt they filed few SARs on you.

10-02-2010 , 08:36 AM

#17

rugmuncher

old hand

Join Date: Nov 2007 Posts: 1,732

Op is a hacker don't give him your bank details

10-02-2010 , 10:24 AM

#18

spike420211

banned

Join Date: Jun 2007 Posts: 9,509

Quote:

Originally Posted by Adebisi

Use separate bank accounts. Poker site > random throwaway bank account > your main bank account, is the correct way to deal with cashouts/deposits IMO.
Best to have this set-up so you won't even be slightly inconvenienced if a bank decided to f with you over poker.

I do this outta necessity. My primary bank acct. is for SSI deposits,
and u NEVER wanna fk with Social Security.

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