Possible Funding loophole: Online stockbrokers.

[Saien]

Most online stockbrokers allow you to setup your account as a checking account that you can write checkes against and both accept and receive electronic transfers.

Clearly, it wouldn't be a problem to fund these accounts as a US citizen, buying stocks isn't illegal.

Such a brokerage outside the US would likely remain blissfully uncaring, if not outright unaware, that any US customer of theirs would be barred from funding ewallets/casinos directly and honor any such transactions without hesitation.

The only question is: Are there any such online brokerages outside the US?

[DrewOnTilt]

[ QUOTE ]
The only question is: Are there any such online brokerages outside the US?

[/ QUOTE ]

Probably, but AGAIN the casual player may not bother going to the trouble.

[Nate tha\\\' Great]

[ QUOTE ]
Most online stockbrokers allow you to setup your account as a checking account that you can write checkes against and both accept and receive electronic transfers.

Clearly, it wouldn't be a problem to fund these accounts as a US citizen, buying stocks isn't illegal.

Such a brokerage outside the US would likely remain blissfully uncaring, if not outright unaware, that any US customer of theirs would be barred from funding ewallets/casinos directly and honor any such transactions without hesitation.

The only question is: Are there any such online brokerages outside the US?

[/ QUOTE ]

If you can do all of these things with a brokerage account, then really what you have is not a brokerage account but a brokerage account and a bank account under the same umbrella. Thus, this workaround really is no different than opening a foreign bank account, period. And I imagine that securities laws are such that it is even more difficult to open a foreign bank account tied to a foreign brokerage than just a plain vanilla foreign bank account.

It would be the nuts though if I could transfer directly from Neteller to eTrade.

[Saien]

You can currently transfer directly from Netteller to TD Ameritrade. I know this for a fact.

If this continues in the future, I have no idea.

[otctrader]

[ QUOTE ]
It would be the nuts though if I could transfer directly from Neteller to eTrade.

[/ QUOTE ]

You can do ACH/EFT to either an Etrade brokerage or bank account, they have 2 different routing numbers which are both on their website.

[pig4bill]

Offshore brokerages do NOT like to have accounts from U.S. customers. This is from pressure from U.S. securities regulators from a couple years ago, completely unrelated to poker.

It would be cheaper to fly to Switzerland with a bag of money and open a Swiss bank account.