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#1
11-20-2007, 10:55 AM
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checks from poker sites
In the last 2 months I have recieved probably 15k in checks from UB and FTP. There usuallly in 2-3k incriments. Every single time I attempt to deposit them, my bank puts a 7 day hold on them. Which is obv stupid because its always the same looking check from the same bank. And it always clears
They are printed on a banks check. If I drive to a banks location which is 2 hours away, are they obligated to cash the check? Even though I dont have an account there. I need cash fast for some late bills and stuff and just cant wait 7 business days to have acccess to my money. Any help would be appreciated. thanks 
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#2
11-20-2007, 11:13 AM
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Re: checks from poker sites
Theres nothing stupid about a bank putting a 7 day hodl on a check for a few $1000.
They need to verify that the money is in that account before they give it to you. Pretty simple concept. If you take it it a banks branch, you shouldnt have a problem getting the cash right there even if you dont have an account with them although they may charge you a fee. If the drive is 2 hours, I would call ahead and verify that theyre gonna cash it but Ive done it before so I doubt it will be a prob.
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#3
11-20-2007, 11:14 AM
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Re: checks from poker sites
I'd call and ask.
In Canada you can take a cheque to the issuing bank and either cash it or pay a small fee and have it certified. Once certified you can then cash it at your bank with no hold. Depending on your banking history you might be able to get you bank to stop putting holds on the cheques. They will probably say no as from their perspective $15k has cycled though the account in 60 days yet given your urgency I assume the balance is less then 20% of that amount. Still the worst they can say is no.
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#4
11-20-2007, 11:24 AM
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Re: checks from poker sites
[ QUOTE ]
Theres nothing stupid about a bank putting a 7 day hodl on a check for a few $1000. They need to verify that the money is in that account before they give it to you. Pretty simple concept. If you take it it a banks branch, you shouldnt have a problem getting the cash right there even if you dont have an account with them although they may charge you a fee. If the drive is 2 hours, I would call ahead and verify that theyre gonna cash it but Ive done it before so I doubt it will be a prob. [/ QUOTE ] them continually putting holds on checks that are being depossitted about once every 2 weeks is comparable to a bank putting a hold on a guys pay check everytime he brings it in there. When check after check has cleared it seems like they might go ahead and give me access to my money.
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#5
11-20-2007, 11:33 AM
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Re: checks from poker sites
Might not want to mention the specific banks that the poker sites use... No good can come of that. Do you want them to stop taking the checks altogether? Just plan for the 7 day hold.
Edit your post perhaps?
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#6
11-20-2007, 11:35 AM
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Re: checks from poker sites
Not when its an out of state check... and how many times a particular similar set of checks is processed doesnt alter the processing time, they dont even realize you have cashed that amount of checks that are "similar" without manually checking... std procedures.
Take it to the bank or call and ask them if there is a place that will cash it closer than 2 hrs away, sometimes it doesnt even have to be a "bank" branded branch there may be some momnpop local branch that uses banks to process checks and they should be able to cash it just like the actual bank branch...
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#7
11-20-2007, 01:22 PM
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Re: checks from poker sites
If a banks "standards operating procedures" piss OP off so much I bet he would love to hear about "structuring" and being reported by the bank for "suspicious" account activity...
ZOMG I have to wait 7 days for a check to clear...The horrors of the real world...
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#9
11-20-2007, 02:02 PM
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Re: checks from poker sites
[ QUOTE ]
[ QUOTE ] Theres nothing stupid about a bank putting a 7 day hodl on a check for a few $1000. They need to verify that the money is in that account before they give it to you. Pretty simple concept. If you take it it a banks branch, you shouldnt have a problem getting the cash right there even if you dont have an account with them although they may charge you a fee. If the drive is 2 hours, I would call ahead and verify that theyre gonna cash it but Ive done it before so I doubt it will be a prob. [/ QUOTE ] them continually putting holds on checks that are being depossitted about once every 2 weeks is comparable to a bank putting a hold on a guys pay check everytime he brings it in there. When check after check has cleared it seems like they might go ahead and give me access to my money. [/ QUOTE ] Yes because they pay attention to your checks specifically and say oh it cleared the first few times.. put it through. This is SOP, did u just want something to bitch about?
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