Legal to use foreign bank account for poker from US?

[Psydoc]

I'm guessing this has been addressed somewhere here, but I couldn't find it in search. I did come across an thread from 1-2 months about about how to go about getting set up with a foreign bank account.

My question is - is there something illegal for a US citizen to set up the foreign account, use a foreign maildrop or whatever else is needed, transfer money from your US bank, and deposit to play on any given site using a VPN?

Edit: I'm assuming that the account holder keeps records of all this activity and pays taxes on poker profits.

[Psydoc]

Nobody?

[Sniper]

Its not illegal (unless its illegal in your state), but it violates site T&C.

[MiltonFriedman]

It would be as legal as playing from whatever State you live in.

(Sniper, what site's terms and conditions discuss where you can deposit from ? Most sites I know would LOVE to get a deposit from just about anywhere.)

[Sniper]

[ QUOTE ]
It would be as legal as playing from whatever State you live in.

(Sniper, what site's terms and conditions discuss where you can deposit from ? Most sites I know would LOVE to get a deposit from just about anywhere.)

[/ QUOTE ]

The reason for doing everything that he described would be to play at sites that won't allow US players. If such a site, let's say Party for example were to discover that a player from the US were circumventing the ban by playing thru a VPN, they would surely shut down the account.

[Halstad]

[ QUOTE ]
[ QUOTE ]
It would be as legal as playing from whatever State you live in.

(Sniper, what site's terms and conditions discuss where you can deposit from ? Most sites I know would LOVE to get a deposit from just about anywhere.)

[/ QUOTE ]

The reason for doing everything that he described would be to play at sites that won't allow US players.

[/ QUOTE ]

I think there are other reasons for opening a foreign bank account. I would want a foreign bank account if all US banks quit cashing checks from poker sites.

[thelogan]

My view on this is that using a foreign bank account is the most effective way of bypassing current and future problems with US legislation. I do think you are safe legally as onus is on companies processing payments not the individual. Challenge is finding a bank that is overseas and will accept a PO Box as an address. I think that is unlikely.

I expect there are overseas credit card/bank internet accounts you can set up a little easier. I read about a company called sprintcard or something like that a few months back but have no idea if they accept US customers. However I think what they claimed they could do was set up a virtual and creditable online bank account and then use it to fund gaming sites.

Good luck

[MiltonFriedman]

Yeah, but Sniper is psychic

[Sniper]

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Yeah, but Sniper is psychic

[/ QUOTE ]

Sometimes, but in this case, I just read everything he wrote...

[ QUOTE ]
My question is - is there something illegal for a US citizen to set up the foreign account, use a foreign maildrop or whatever else is needed, transfer money from your US bank, and deposit to play on any given site using a VPN?

[/ QUOTE ]

[MiltonFriedman]

Still think you read too much into it

[Psydoc]

Thanks for the info, and Sniper made a good read - I'm basically just interested because it would be nice to play on Party.

Regarding thelogan's comments, my understanding is that foreign bank accounts CAN be opened using a drop box address. Is that not the case?