Legal question regarding PokerStars checks

[Shrike]

My choices basically come down to
A) Requesting a check,
B) Getting a Neteller account,
or
C) Transferring the cash to a friend with an existing Neteller account and having him pay me back.

A is obviously the easiest, hence my question as to whether the banks will accept such a deposit.

Let's say worst case, I request the check and the bank doesn't accept it. What are my options then?

[Xhad]

[ QUOTE ]
How about depositing it at an ATM?

[/ QUOTE ]

Human beings still process things that are dropped in ATMs. If the bank doesn't approve of it for some reason they reverse the deposit and usually charge you a fee plus overdraft your account if you already spent the money.

[Xhad]

[ QUOTE ]
Let's say worst case, I request the check and the bank doesn't accept it. What are my options then?

[/ QUOTE ]

You could probably talk the site into issuing a check stop payment and crediting the money back to your account.

[FieryJustice]

I took a $9000 check to the bannk the other day and had no problems.

[Leader]

[ QUOTE ]
I took a $9000 check to the bannk the other day and had no problems.

[/ QUOTE ]

Was it one of the big ones or a small local one?

[Our House]

#1 - Supposedly, you can withdraw as always. The UIGEA doesn't make any mention of withdrawals...just deposits.

#2 - Why would the government want us to NOT deposit money into our banks? Bank records are the best way to show taxable income!!

If banks weren't accepting poker site withdrawals, the IRS would puke at the number of dollars being cashed out offshore.

[PokeReader]

I would try something else. I think this is kind of hit or miss right now. Since the regulations haven't come out yet the banks are operating individually on this, but essentially the law says they are immune to civil liability if they block your check. Some banks might let it go as there is no offical policy on it yet, but there is a real risk here. The gov't clearly wants the check blocked, and it is clearly identifible as IG money. You could be open to having your account history examined if they get really draconian. As no one really knows what Justice is going to do on enforce on players, I think we need to look after ourselves and put protection of bankroll as first priority until it all shakes out.

[redbeer]

Party checks do not say "Party Poker" on them. They are from "Chexx iNC." (I am taking two to the bank today and have deposited them before)I don't know how a bank would know (and i suspect most don't care). I imagine Poker stars does something similar.

[Quanah Parker]

Just deposited a PS check at my credit union.

Is your bank Bank of America by any chance? I've always found them to be a real pain to deal with and would expect this type of feet dragging from them.

My advice, go with a local bank or credit union that needs and respects your deposits.

I've also found wearing a shirt and/or pants help reduce the "diseased look" I recieve from bank tellers.

...or get Jimmy at the liquor store to cash it for ya!

[shamus]

[ QUOTE ]
Just deposited a PS check at my credit union.

[/ QUOTE ]

Does the check from PS say "PokerStars" or some generic-sounding entity? Curious . . . thanks.