Help - Depositing funds into offshore account

corrado · Sep 2, 2003

Last year I used a visa check card from Compass Bank where I had opened up a checking account for the sole purpose of this. Last week I went to fund my offshore account in the same manner and according to the offshore web site the transaction to deposit money from my checking account to my offshore account would not work.

Is anybody out there using Compass Bank and having any trouble? Last year I know there were several people using COmpass and they were not blocking the transaction like Wells Fargo and Bank of America is. I would appreciate anybodys help

DanTanna · Sep 2, 2003

It's a tax shelter loophole that the IRS is trying to close. Alot of people were using visas from offshore banks to shelter income from Uncle Sam. What type of offshore account are you talking about? Checking, book, money market, etc??

corrado · Sep 2, 2003

I think you are misunderstanding me. My visa card is NOT from an offshore bank. Compass Bank is headquartered in Mass. and has branches all over the US. I used this card last year and want to knowq if anybody on there is using ompass this football season and having problems depositing the money.

G.MONEY · Sep 2, 2003

CORRADO,

VISA HAS ALL BUT SHUT DOWN THE USE OF THERE CARDS FOR GAMBLING TRANSACTIONS. WESTERN UNION WILL BE YOUR BEST BET..........G.

DanTanna · Sep 2, 2003

Ok, sorry. I just reread it.
You need to contact your bank and have them release it as an authorized transaction. Your bank could have this block up as a protective safeguard. Several banks have been hit hard this last year by con artists duplicating check cards and making illegal transactions here and overseas.

stx · Sep 2, 2003

Corrado,
Another option, buy a cashiers check and Fed Ex
it to your offshore book. Pretty cheap, deposit is in the next day and the book may pick up the
shipping fee.

BOL

NYReb · Sep 2, 2003

I use a Visa debit card from my local bank and it has never been refused by any offshore book.

markymark+ · Sep 3, 2003

Yeah, Western Union has been my best and fastest way doing it. I usually send cash and it's done in minutes. I also usually go in person to a Western Union office instead of over the phone which can be a hassle with all the questions.

For those of you that do use Western Union to send and recieve money, how safe is it as far as tracing or tracking your transactions?? Do you think they get suspicious when they see money being sent to Costa Rica and Ecuador for example and when if you recieve money as well? Just wondering if anyone has had any problems in the past with them tracking that information.