IGM screwup at Party Poker

levistep · Jul 18, 2006

I sent $500 to my bank account from Neteller so I could use IGM deposit to get a $100 bonus at Partypoker. I tried withdrawing that money (the same night) from Party Poker into my Neteller but I noticed it went immediately to my bank account instead, or so I thought.

I wanted to get that money back into my neteller so I did an Neteller EFT for $500. The transaction is still pending, but I've got a $-500 balance in my bank. I have a theory on why this happened.

My withdrawl from Party Poker to Neteller screwed things up because I should have requested the money go back to my bank account. I probably never recieved that $500 into my bank account. It just seemed like I recieved that $500 because my bank never had the chance to update my account that it was gone to begin with. To further back this theory, I made another withdrawl the next day from Party for $300 and I haven't recieved that one since.

I think i'm about to be hit with a big Neteller fee, and possibly a bank fee unless I clear things up fast. I think I should get in touch with Party Poker first?

DDz00 · Jul 18, 2006

it is not party.
When you sent $500 to your bank to Neteller, did it complete? or was it pending? withdraw from neteller to bank takes some times like a week or 10 days. but it takes less time if you transfer to Neteller from your bank.

I assume that you sent $500 to neteller before your withdraw $500 hit your bank. sorry dude.

and withdraw from Partypoker. that is option you can choose where you want to receive. your withdraw option default is your bank.

levistep · Jul 18, 2006

Here are the 2 suspect transactions. Before these 2 transactions, I had $500 in my bank account for several days.

<TABLE height="100%" cellSpacing=0 cellPadding=2 width="100%" border=1><TBODY><TR bgColor=#ffffff><TD width="12%">[SIZE=-1]07/17/2006 [/SIZE]</TD><TD width="78%">[SIZE=-1]NEACH WITHDRAWAL - xxxxxxxxxNTxxxxxxxx [/SIZE]</TD><TD align=right width="10%">[SIZE=-1]500.00[/SIZE]</TD></TR><TR bgColor=#f1f1f1><TD width="12%">[SIZE=-1]07/18/2006 [/SIZE]</TD><TD width="78%">[SIZE=-1]NEACH WITHDRAWAL - xxxxxxxxxxxxxx IGMPAY/xxxxxxxxxx [/SIZE]</TD><TD align=right width="10%">[SIZE=-1]500.00[/SIZE]</TD></TR></TBODY></TABLE>
The 1st withdrawl is me sending $500 to my neteller after completing the party bonus. The second withdrawl seems to be the original IGM deposit I made to Party Poker? I made that deposit to Party Poker several days earlier, why did it take so long to show up?

levistep · Jul 18, 2006

DDz00 said:
it is not party. When you sent $500 to your bank to Neteller, did it complete?

Yes, I had the $500 in my bank for several days. If I didn't, I wouldn't have been able to deposit $500 in Party.

DDz00 · Jul 18, 2006

levistep said:
If I didn't, I wouldn't have been able to deposit $500 in Party.

Yes you can. IGM deposite is freaking fast INSTANT. lol.
Then they will collect money from your bank.

Well, I do not know your situation. If you had $500 in ur bank, how come your balance become -$500 instead of $0.

However here is timeframe of IGM and Neteller

Neteller:
when you withdraw money to your bank: 7 ~ 10 days to hit your bank.
When you deposit money to Neteller: in 3days you will see money out from your bank but you have to wait about 10 days to see the money in your neteller acct.

IGM: from partypoker
When you withdraw money to your bank: 2~3 days.
When you deposit money to IGM/Party: Less than 1 sec. and you will the money out about 2 ~3 days from your bank.

levistep · Jul 18, 2006

DDz00 said:
IGM: from partypoker
When you withdraw money to your bank: 2~3 days.
When you deposit money to IGM/Party: Less than 1 sec. and you will the money out about 2 ~3 days from your bank.

I think that's where the problem may be. I thought the withdrawl to my bank was instant because my bank had a balance of $500 right after I withdrew from Party.

It must have listed $500 because it never even registered that $500 went out. How come it didn't even list the $500 IGM deposit until the 18th! I made the withdrawal on the 14th!

levistep · Jul 18, 2006

DDz00 said:
Yes you can. IGM deposite is freaking fast INSTANT. lol.
Then they will collect money from your bank.

Well, I do not know your situation. If you had $500 in ur bank, how come your balance become -$500 instead of $0.

I think PEOPLE's Bank fucked up on this one. I did the EFT transfer when my bank had $500 in it. I checked up on the process of the EFT every 6 hours or so and it was pending and everything seemed normal. I check my account today to find out the bank finally deducts $500 from my account for the deposit I made to IGM. Hopefully they can add the money I put back into my bank today too before I get hit with a fine.

levistep · Jul 18, 2006

[SIZE=-1]Wish i read this warning at people's. I guess i learned something at least. I still don't get how they don't update my account for 4 days after I withdraw money from my account.[/SIZE]
[SIZE=-1][/SIZE]
[SIZE=-1]

Checking Balance includes available Credit Line, Bill Payments and Transfers scheduled for today's date. Balances may not reflect all transactions performed after close of business. ATM & check deposits will reflect in your balance but should not be drawn against until the posting date on your deposit receipt. See help for additional details. [/SIZE]