Legal question regarding PokerStars checks

Shrike · #1 10-20-2006, 12:39 AM

As a former-FirePay user, I need another way to cash out my money from PokerStars. One option is just to have PokerStars cut me a check, but I'm concerned about whether US banks will accept it. Can my bank refuse to accept a deposit of a PokerStars check? Thanks in advance for the help.

Bluffoon · #2 10-20-2006, 12:50 AM

I am going to request a small cashout and deposit it, see what happens. My bank didn't very much care for those checks to before all this legislative nonsense, but they cashed them.

KEW · #3 10-20-2006, 12:53 AM

Deposits into your bank account are not effected in any way by the new Law..

WooIsMe · #4 10-20-2006, 01:14 AM

On the contrary--the law restricts "any check, draft, or similar instrument" to be used for unlawful Internet gambling. It is up to the banks to identify and block such transactions.

[ QUOTE ]
Deposits into your bank account are not effected in any way by the new Law..

[/ QUOTE ]

Shrike · #5 10-20-2006, 01:19 AM

I guess my question is, has anyone else gotten grief from their bank when trying to cash a physical check from PokerStars or another gambling site?

bcubed72 · #6 10-20-2006, 01:38 AM

[ QUOTE ]
I guess my question is, has anyone else gotten grief from their bank when trying to cash a physical check from PokerStars or another gambling site?

[/ QUOTE ]

Makes me wonder: can a bank refuse to accept a lawful check due to some extraneous circumstance (maybe it's from a political cause they disagree with, or similar). Are they lawfully bound to process it?

And to answer your query, I've never had the slightest problem.

Indiana · #7 10-20-2006, 09:34 AM

[ QUOTE ]
I guess my question is, has anyone else gotten grief from their bank when trying to cash a physical check from PokerStars or another gambling site?

[/ QUOTE ]

Never. I've cashed them for years.

bcubed72 · #8 10-20-2006, 01:34 AM

[ QUOTE ]
On the contrary--the law restricts "any check, draft, or similar instrument" to be used for unlawful Internet gambling. It is up to the banks to identify and block such transactions.

[ QUOTE ]
Deposits into your bank account are not effected in any way by the new Law..

[/ QUOTE ]

[/ QUOTE ]

The second statement is true, the first, not. Can you see why?

Obviously when you WITHDRAW funds, you're not going to "use [it] for unlawful Internet gambling." Besides which, the point is moot because the two sites I have repeatedly withdrawn from (PP, PR) issue checks drawn on foreign banks without ANY MENTION of internet gambling.

If your bank gets on its high horse about this, you know they're not doing it because of the law.

Lucky · #9 10-20-2006, 01:18 AM

[ QUOTE ]
I am going to request a small cashout and deposit it, see what happens. My bank didn't very much care for those checks to before all this legislative nonsense, but they cashed them.

[/ QUOTE ]

How did your bank/the teller/manager react specifically when you went in with pokerstars check? Did you deposit it, or cash it?

Bluffoon · #10 10-20-2006, 01:37 AM

[ QUOTE ]
[ QUOTE ]
I am going to request a small cashout and deposit it, see what happens. My bank didn't very much care for those checks to before all this legislative nonsense, but they cashed them.

[/ QUOTE ]

How did your bank/the teller/manager react specifically when you went in with pokerstars check? Did you deposit it, or cash it?

[/ QUOTE ]

Deposit. They look at it like it's diseased and they put an extra long hold on the funds.

I noted that pokerstars checks were obviously "known" or "problematic" to the point that branch tellers in a leading nationwide bank recognized the checks and put special procedures in place to protect the bank. And again this is long before any legislation.