2 Questions on Bank Wires from Sportsbooks...

[bigtendominator]

LOL, OK Pulled one out

Funny how I still have this...Wife Loves to Thow things out.

I guess you will know better what this is...

It's from 2001, from EAB Bank

Appliction and Agreement for Funds transfer.
They told me it would be Reported. True ? or False ?

If it was before 9/11 or after 9/11 depending on which country, assuming out of country, it was sent to.

Also, if you deposit $60K and then wire the money, yes they would red flag the transaction to see where it and to whom it was going.

If you bring in cash and deposit it and then you wire the money out the money, they will monitor it to see to whom and where it is going.

 

[bigtendominator]

Guess walking into a Bank with $60K to wire would be a Bad thing @)

If you walked into a bank with 60K today in cash and attempted to wire the money, man, you are about 6 inches short of an FBI interrogation.

 

[OnWisconsin]

you know what annoys me? was in an indian casino in okla a couple years ago and won $1400 on a slot machine. i had to feel out a tax form before they gave me the cash. once i got the cash, i proceeded to blow $900 of it before my brother dragged me out. despite losing the majority of my winnings that same night, i was still obligated to report the entire $1400 on my state tax return.

just because our leaders seem to get away without paying taxes (a little public embarrassment never hurt no one) doesn't mean that you will.

 

[SportSavant]

Intermediary banks charge the fee.

this happens to me all the time.

I get my FREE bank wire from pinny, but it comes $30 less due to the intermediary Bank Fees.

Im on crack, I responded without reading the thread.

 

[rounders]

When you received the wire, what company did your bank statement say it originated from? I just requested a wire on Monday from 5dimes but still havent received it. When I asked them what company it would be coming from, they did not know.

 

[Dante]

Im on crack, I responded without reading the thread.

i do that all the time SS...it keeps you sane in these crazy forums :drink:

 

[davidcng]

Its obligation from the client to declare the origin of any incoming transfer over 10k. Standard for all banks.